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Latest Forum Topics / Courts Asia  Post Reply
COURTS ASIA- NAV 44.5 cents . P/E : 10
lukewong82
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19-Jan-2019 12:02     
 
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 Alert Admin 		Thats not the only problem. All these takeover targets , their share price if u observed carefully, will always suddenly drop alot when the business or fundamental are totally fine. I can only conclude the share price has been artificially forced down so that they can takeover at  a cheap price.

Look at all the counters that has been taken over.. Aztech etc.. the share price always drop ALOT before take over offer..

nqing87      ( Date: 19-Jan-2019 11:24) Posted:

i remember vard is also offered a way below NAV offer price.. seems like offerors take advantage of business cycles and try to buy over when company is in down cycle and not doing well
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nqing87
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19-Jan-2019 11:24     
 
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 Alert Admin 		i remember vard is also offered a way below NAV offer price.. seems like offerors take advantage of business cycles and try to buy over when company is in down cycle and not doing well
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sheerluck
Supreme
19-Jan-2019 09:35     
 
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 Alert Admin 		Is the new delisting rule in effect already?  If so, minorities should form a group to coordinate effort to safeguard their interest. 

Observers      ( Date: 18-Jan-2019 21:22) Posted:

I think this might turn out to be the first case to test the new delisting rules where major shareholder cannot vote on a delisting resolution.

Then again, if the offerer(s) get enough shares in this general offer to do a compulsory acquisition or if the float drops below a certain percentage and SGX mandates a delisting, then all that is moot.

lukewong82      ( Date: 18-Jan-2019 20:06) Posted:



From 2014 to 2019 5 years, the only time the share price traded below 20 cents is July 2018 to now which is about 5 mths. In this 5 mths, the volume is the very low compared to the last  4.5 years ==> Only 5-10% of those who bought courts are earning due to this take over, the rest of the 90-95% who bought courts are losing money... hai..
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Shifu8888
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19-Jan-2019 07:13     
 
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 Alert Admin 		Typo Correction email should be [email protected]
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Shifu8888
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19-Jan-2019 07:11     
 
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 Alert Admin 		Conclusion of No-ji-bai deal:

1. Terror O Connor has bird brain and or
2. Terror O Connor has terminal illness and need cash out tomorrow and or
3. Conspiracy Theory between concerted parties

Ladies and Gentlemen, write to [email protected] not just spit all our shitty here.

Period
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sheerluck
Supreme
18-Jan-2019 23:40     
 
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 Alert Admin 		Firstly, my post is not directed at anybody in specific.

How SRG/Courts destroyed retailer investors money is clear for all to see.

Quite frankly, the way Courts business performance is going, how likely is its share price going upwards.  It didn' t even bother to declare a dividend in last FY when it is reporting positive accounting profit.  Also Courts stopped their share buyback.  It was buying like crazy when it was trading ard 44cts.  At 14cts it didnt even spent a dime to buyback any shares.  There is just nothing to spur it in the up direction.

What is Courts telling the market.  Basically it has given up on its shareholders.

Courts mgmt should be condemned for such iresponsiblity.

fundamentalhero      ( Date: 18-Jan-2019 22:39) Posted:

YOU GOT ME WRONG! I KNOW SRG WON' T LUGI READ PROPERLY. I AM SAYING THIS IS FISHY! TOTALLY SHORTCHANGING MINIORITIES
BESIDES, IF YOU ARE VESTED, YOU WILL KNOW THEY SPENT A !@#$TON OF MONIES TO RESTRUCTURE COURTS BUT THESE MONIES INCLUDE MINIORITIES MONIES.
YET NOW NO VALUE DELIVERANCE TO MINIORITIES BY ACCEPTING A LOW BALL OFFER SAY BASED ON YOUR SAID NAV OF 193MILLION. LOWBALL IS LOWBALL
AND IF YOU WANT TO FOLLOW CLOSER, SEE WHERE THE LOAN CAME FROM

LOL GOT SYNERGIES AND OPPORTUNITY SO TRANSLATE TO LOW BALL OFFER!!!

SO FISHY DEFINITELY SOME HANKY PANKY OR POSSIBLE KICKBACKS ETC ESPECIALLY JAPANESE CORPORATE CULTURE (NISSAN, OLYMPUS ETC TYPE OF SCANDALS)

ELSE HOW TO BE SUCH LOW BALL OFFER THAT WAS STRUCTURED TO OPPRESS THE MINIORITIES?!?

This is equivalent to say wha your property damn good vantage point location and crowd, heard it' s valuation is 267million plus. I damn like your property. why not like that la. i really damn like cause good opportunity and can increase my visbility. I OFFER 106million!

LOL!!!!!!!!!!!      睁 着 眼 睛 说 瞎 话 .com

FIRST TIME I HEAR!!!! LMFAO!!!! AT LEAST GIVE TILL VALUATION/PREMIUM or DISCOUNT 10% MAX!      吃 白 logic

NO $0.50 NAV as OFFER NO POINT ACCEPTING! IFA SHOULD NOT AGREE TO THIS 蓝 腿 OFFER TOO!
Meanwhile in US, The JAPANESE FIRMS offering more than 2X valuation to M& A BIOFIRMS LOL

#BIRDTALK-KINGLOWBALLOFFER #HANKYPANKYSRGandCEOACCEPTANCE


taken from :  https://www.theedgesingapore.com/courts-asia-gets-205-cents-share-offer-tokyo-listed-nojima

Courts Asia gets 20.5 cents per share offer from Tokyo-listed Nojima

By: 
PC Lee
18/01/19, 07:40 am


SINGAPORE (Jan 18): Courts Asia, the regional purveyor of furniture and household and IT appliances, has received a 20.5 cents voluntary conditional cash offer from Nojima Asia Pacific for all its issued and outstanding ordinary shares.           

The offer price represents an approximately 34.9% premium above the closing price of 15.2 cents on the last trading date of Wednesday and an approximately 23.3% premium above the volume weighted average price (VWAP) per share over the six-month period prior to and including the last trading date.           

As of Friday, Courts Asia has an issued and fully paid up share capital of $267.3 million, comprising 517.5 million shares with 42.5 million treasury shares. The offer values Courts Asia at stake $106 million.

Nojima Asia Pacific is the offer vehicle of sole shareholder Nojima Corp, a Tokyo-listed electrical appliance retail chain mainly dealing with the sale of consumer digital appliances, in Japan. It also has presence in Cambodia, where it specialises in digital appliances.           

Nojima has a market capitalisation of $1.4 billion and revenues of $6.1 billion.           

The offeror has been contemplating the entry into the consumer appliance retail market in Southeast Asia, where market growth is expected. With the acquisition of the Courts Asia,  Nojima expects to gain a strong foothold in Southeast Asia.           

The offeror also believes Courts Asia and its own business are complementary and there are potential synergies that can be created, adds PricewaterhouseCoopers Corporate Finance who drew up the offer document.           

In addition, the trading volume of shares in Courts Asia has been generally low, with an average daily trading volume of approximately 208,346 shares during the 12-month period.           

The offeror has received an undertaking from Singapore Retail Group, the 73.8% Courts Asia shareholder, to tender all of its 382 million shares in acceptance of the offer and not to accept or permit the acceptance of any competing offer.


sheerluck      ( Date: 18-Jan-2019 22:22) Posted:

Last FY when Courts still has accounting profit, they didn' t declare any dividend which they usually do.  For the last two quarters, Courts registered negative accounting profit plus they only declare dividend, that is if they do, on their Q4 (31-Mar).  So no reason to expect them to do so.  Also  Courts has over $60mil in cash but over $230mil in debt.  The offeror takes over not just that cash but also the debts.

Lastly, dont worry about SRG lugi.  When they listed Courts, they sold 118 mil share @ 77cts pocketing $91 mil.  Now they are selling 382 mil shares at 20.5.  They stand to pocket another $78 mil.

Courts last reported NAV of $193mil or 37cts per shares.
 


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fundamentalhero
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18-Jan-2019 22:39     
 
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 Alert Admin 		YOU GOT ME WRONG! I KNOW SRG WON' T LUGI READ PROPERLY. I AM SAYING THIS IS FISHY! TOTALLY SHORTCHANGING MINIORITIES
BESIDES, IF YOU ARE VESTED, YOU WILL KNOW THEY SPENT A !@#$TON OF MONIES TO RESTRUCTURE COURTS BUT THESE MONIES INCLUDE MINIORITIES MONIES.
YET NOW NO VALUE DELIVERANCE TO MINIORITIES BY ACCEPTING A LOW BALL OFFER SAY BASED ON YOUR SAID NAV OF 193MILLION. LOWBALL IS LOWBALL
AND IF YOU WANT TO FOLLOW CLOSER, SEE WHERE THE LOAN CAME FROM

LOL GOT SYNERGIES AND OPPORTUNITY SO TRANSLATE TO LOW BALL OFFER!!!

SO FISHY DEFINITELY SOME HANKY PANKY OR POSSIBLE KICKBACKS ETC ESPECIALLY JAPANESE CORPORATE CULTURE (NISSAN, OLYMPUS ETC TYPE OF SCANDALS)

ELSE HOW TO BE SUCH LOW BALL OFFER THAT WAS STRUCTURED TO OPPRESS THE MINIORITIES?!?

This is equivalent to say wha your property damn good vantage point location and crowd, heard it' s valuation is 267million plus. I damn like your property. why not like that la. i really damn like cause good opportunity and can increase my visbility. I OFFER 106million!

LOL!!!!!!!!!!!      睁 着 眼 睛 说 瞎 话 .com

FIRST TIME I HEAR!!!! LMFAO!!!! AT LEAST GIVE TILL VALUATION/PREMIUM or DISCOUNT 10% MAX!      吃 白 logic

NO $0.50 NAV as OFFER NO POINT ACCEPTING! IFA SHOULD NOT AGREE TO THIS 蓝 腿 OFFER TOO!
Meanwhile in US, The JAPANESE FIRMS offering more than 2X valuation to M& A BIOFIRMS LOL

#BIRDTALK-KINGLOWBALLOFFER #HANKYPANKYSRGandCEOACCEPTANCE


taken from :  https://www.theedgesingapore.com/courts-asia-gets-205-cents-share-offer-tokyo-listed-nojima

Courts Asia gets 20.5 cents per share offer from Tokyo-listed Nojima

By: 
PC Lee
18/01/19, 07:40 am


SINGAPORE (Jan 18): Courts Asia, the regional purveyor of furniture and household and IT appliances, has received a 20.5 cents voluntary conditional cash offer from Nojima Asia Pacific for all its issued and outstanding ordinary shares.           

The offer price represents an approximately 34.9% premium above the closing price of 15.2 cents on the last trading date of Wednesday and an approximately 23.3% premium above the volume weighted average price (VWAP) per share over the six-month period prior to and including the last trading date.           

As of Friday, Courts Asia has an issued and fully paid up share capital of $267.3 million, comprising 517.5 million shares with 42.5 million treasury shares. The offer values Courts Asia at stake $106 million.

Nojima Asia Pacific is the offer vehicle of sole shareholder Nojima Corp, a Tokyo-listed electrical appliance retail chain mainly dealing with the sale of consumer digital appliances, in Japan. It also has presence in Cambodia, where it specialises in digital appliances.           

Nojima has a market capitalisation of $1.4 billion and revenues of $6.1 billion.           

The offeror has been contemplating the entry into the consumer appliance retail market in Southeast Asia, where market growth is expected. With the acquisition of the Courts Asia,  Nojima expects to gain a strong foothold in Southeast Asia.           

The offeror also believes Courts Asia and its own business are complementary and there are potential synergies that can be created, adds PricewaterhouseCoopers Corporate Finance who drew up the offer document.           

In addition, the trading volume of shares in Courts Asia has been generally low, with an average daily trading volume of approximately 208,346 shares during the 12-month period.           

The offeror has received an undertaking from Singapore Retail Group, the 73.8% Courts Asia shareholder, to tender all of its 382 million shares in acceptance of the offer and not to accept or permit the acceptance of any competing offer.


sheerluck      ( Date: 18-Jan-2019 22:22) Posted:

Last FY when Courts still has accounting profit, they didn' t declare any dividend which they usually do.  For the last two quarters, Courts registered negative accounting profit plus they only declare dividend, that is if they do, on their Q4 (31-Mar).  So no reason to expect them to do so.  Also  Courts has over $60mil in cash but over $230mil in debt.  The offeror takes over not just that cash but also the debts.

Lastly, dont worry about SRG lugi.  When they listed Courts, they sold 118 mil share @ 77cts pocketing $91 mil.  Now they are selling 382 mil shares at 20.5.  They stand to pocket another $78 mil.

Courts last reported NAV of $193mil or 37cts per shares.
 

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lukewong82
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18-Jan-2019 22:30     
 
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 Alert Admin 		Based on the share price for the last few years, the share price only dip below 20 cents 5 mths ago on extremely thin volume. It means majority aka  95% (or maybe even close to  99%) of investors  who bought courts share via IPO or open market paid more than 20 cents for the share. Almost all shareholders excluding SRG are losing money when a takeover suppose to be a good thing.. This one only happens in SGX where a takeover is akin to robbing small shareholders

 

sheerluck      ( Date: 18-Jan-2019 22:22) Posted:

Last FY when Courts still has accounting profit, they didn' t declare any dividend which they usually do.  For the last two quarters, Courts registered negative accounting profit plus they only declare dividend, that is if they do, on their Q4 (31-Mar).  So no reason to expect them to do so.  Also  Courts has over $60mil in cash but over $230mil in debt.  The offeror takes over not just that cash but also the debts.

Lastly, dont worry about SRG lugi.  When they listed Courts, they sold 118 mil share @ 77cts pocketing $91 mil.  Now they are selling 382 mil shares at 20.5.  They stand to pocket another $78 mil.

Courts last reported NAV of $193mil or 37cts per shares.
 

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Observers
Elite
18-Jan-2019 22:29     
 
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 Alert Admin 		Sounds like a business model?

Sgvale      ( Date: 18-Jan-2019 21:56) Posted:

List & delist. List again & delist at low price. What's this? Early Shareholders value all destroyed. Feel cheated. Hope no 3rd listing

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sheerluck
Supreme
18-Jan-2019 22:22     
 
sheerluck About Contact  Quote this Post! Style: Flexible   Mood: excited
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 Alert Admin 		Last FY when Courts still has accounting profit, they didn' t declare any dividend which they usually do.  For the last two quarters, Courts registered negative accounting profit plus they only declare dividend, that is if they do, on their Q4 (31-Mar).  So no reason to expect them to do so.  Also  Courts has over $60mil in cash but over $230mil in debt.  The offeror takes over not just that cash but also the debts.

Lastly, dont worry about SRG lugi.  When they listed Courts, they sold 118 mil share @ 77cts pocketing $91 mil.  Now they are selling 382 mil shares at 20.5.  They stand to pocket another $78 mil.

Courts last reported NAV of $193mil or 37cts per shares.
 
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fundamentalhero
Veteran
18-Jan-2019 22:04     
 
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 Alert Admin
LOL STILL THIRD TIME???!??!?!?!? BAN THE WHOLE MANAGEMENT AND THE JAPPIES!

LOL GOT SYNERGIES AND OPPORTUNITY SO TRANSLATE TO LOW BALL OFFER!!!

SO FISHY DEFINITELY SOME HANKY PANKY OR POSSIBLE KICKBACKS ETC ESPECIALLY JAPANESE CORPORATE CULTURE (NISSAN, OLYMPUS ETC TYPE OF SCANDALS)

ELSE HOW TO BE SUCH LOW BALL OFFER THAT WAS STRUCTURED TO OPPRESS THE MINIORITIES?!?

This is equivalent to say wha your property damn good vantage point location and crowd, heard it' s valuation is 267million plus. I damn like your property. why not like that la. i really damn like cause good opportunity and can increase my visbility. I OFFER 106million!

LOL!!!!!!!!!!!      睁 着 眼 睛 说 瞎 话 .com

FIRST TIME I HEAR!!!! LMFAO!!!! AT LEAST GIVE TILL VALUATION/PREMIUM or DISCOUNT 10% MAX!      吃 白 logic

NO $0.50 NAV as OFFER NO POINT ACCEPTING! IFA SHOULD NOT AGREE TO THIS 蓝 腿 OFFER TOO!
Meanwhile in US, The JAPANESE FIRMS offering more than 2X valuation to M& A BIOFIRMS LOL

#BIRDTALK-KINGLOWBALLOFFER #HANKYPANKYSRGandCEOACCEPTANCE


taken from :  https://www.theedgesingapore.com/courts-asia-gets-205-cents-share-offer-tokyo-listed-nojima

Courts Asia gets 20.5 cents per share offer from Tokyo-listed Nojima

By: 
PC Lee
18/01/19, 07:40 am


SINGAPORE (Jan 18): Courts Asia, the regional purveyor of furniture and household and IT appliances, has received a 20.5 cents voluntary conditional cash offer from Nojima Asia Pacific for all its issued and outstanding ordinary shares.       

The offer price represents an approximately 34.9% premium above the closing price of 15.2 cents on the last trading date of Wednesday and an approximately 23.3% premium above the volume weighted average price (VWAP) per share over the six-month period prior to and including the last trading date.       

As of Friday, Courts Asia has an issued and fully paid up share capital of $267.3 million, comprising 517.5 million shares with 42.5 million treasury shares. The offer values Courts Asia at stake $106 million.

Nojima Asia Pacific is the offer vehicle of sole shareholder Nojima Corp, a Tokyo-listed electrical appliance retail chain mainly dealing with the sale of consumer digital appliances, in Japan. It also has presence in Cambodia, where it specialises in digital appliances.       

Nojima has a market capitalisation of $1.4 billion and revenues of $6.1 billion.       

The offeror has been contemplating the entry into the consumer appliance retail market in Southeast Asia, where market growth is expected. With the acquisition of the Courts Asia,  Nojima expects to gain a strong foothold in Southeast Asia.       

The offeror also believes Courts Asia and its own business are complementary and there are potential synergies that can be created, adds PricewaterhouseCoopers Corporate Finance who drew up the offer document.       

In addition, the trading volume of shares in Courts Asia has been generally low, with an average daily trading volume of approximately 208,346 shares during the 12-month period.       

The offeror has received an undertaking from Singapore Retail Group, the 73.8% Courts Asia shareholder, to tender all of its 382 million shares in acceptance of the offer and not to accept or permit the acceptance of any competing offer.
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Sgvale
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18-Jan-2019 21:56     
 
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 Alert Admin 		List & delist. List again & delist at low price. What's this? Early Shareholders value all destroyed. Feel cheated. Hope no 3rd listing
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fundamentalhero
Veteran
18-Jan-2019 21:50     
 
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 Alert Admin

LOL GOT SYNERGIES AND OPPORTUNITY SO TRANSLATE TO LOW BALL OFFER!!!

SO FISHY DEFINITELY SOME HANKY PANKY OR POSSIBLE KICKBACKS ETC ESPECIALLY JAPANESE CORPORATE CULTURE (NISSAN, OLYMPUS ETC TYPE OF SCANDALS)

ELSE HOW TO BE SUCH LOW BALL OFFER THAT WAS STRUCTURED TO OPPRESS THE MINIORITIES?!?

This is equivalent to say wha your property damn good vantage point location and crowd, heard it' s valuation is 267million plus. I damn like your property. why not like that la. i really damn like cause good opportunity and can increase my visbility. I OFFER 106million!

LOL!!!!!!!!!!!      睁 着 眼 睛 说 瞎 话 .com

FIRST TIME I HEAR!!!! LMFAO!!!! AT LEAST GIVE TILL VALUATION/PREMIUM or DISCOUNT 10% MAX!    吃 白 logic

NO $0.50 NAV as OFFER NO POINT ACCEPTING! IFA SHOULD NOT AGREE TO THIS 蓝 腿 OFFER TOO!

Meanwhile in US, The JAPANESE FIRMS offering more than 2X valuation to M& A BIOFIRMS LOL

#BIRDTALK-KINGLOWBALLOFFER #HANKYPANKYSRGandCEOACCEPTANCE


taken from :  https://www.theedgesingapore.com/courts-asia-gets-205-cents-share-offer-tokyo-listed-nojima

Courts Asia gets 20.5 cents per share offer from Tokyo-listed Nojima

By: 
PC Lee
18/01/19, 07:40 am


SINGAPORE (Jan 18): Courts Asia, the regional purveyor of furniture and household and IT appliances, has received a 20.5 cents voluntary conditional cash offer from Nojima Asia Pacific for all its issued and outstanding ordinary shares.   

The offer price represents an approximately 34.9% premium above the closing price of 15.2 cents on the last trading date of Wednesday and an approximately 23.3% premium above the volume weighted average price (VWAP) per share over the six-month period prior to and including the last trading date.   

As of Friday, Courts Asia has an issued and fully paid up share capital of $267.3 million, comprising 517.5 million shares with 42.5 million treasury shares. The offer values Courts Asia at stake $106 million.

Nojima Asia Pacific is the offer vehicle of sole shareholder Nojima Corp, a Tokyo-listed electrical appliance retail chain mainly dealing with the sale of consumer digital appliances, in Japan. It also has presence in Cambodia, where it specialises in digital appliances.   

Nojima has a market capitalisation of $1.4 billion and revenues of $6.1 billion.   

The offeror has been contemplating the entry into the consumer appliance retail market in Southeast Asia, where market growth is expected. With the acquisition of the Courts Asia,  Nojima expects to gain a strong foothold in Southeast Asia.   

The offeror also believes Courts Asia and its own business are complementary and there are potential synergies that can be created, adds PricewaterhouseCoopers Corporate Finance who drew up the offer document.   

In addition, the trading volume of shares in Courts Asia has been generally low, with an average daily trading volume of approximately 208,346 shares during the 12-month period.   

The offeror has received an undertaking from Singapore Retail Group, the 73.8% Courts Asia shareholder, to tender all of its 382 million shares in acceptance of the offer and not to accept or permit the acceptance of any competing offer.
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fundamentalhero
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18-Jan-2019 21:24     
 
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 Alert Admin 		if the FA/IFAs say this offer is fair also can close shop/tear(burn) down already. LOL. if transaction go through means all close eyes to give valuations! Or have vested interests lol!

How can a listed firm with such a high NAV be going for less than 10 cents ($0.205-supposedly distributed monies of $0.115 = $0.09) LOL ridiculous in the first place SRG or the CEO accepted the offerer' s offer in the first place! SO FISHY!!!!!

睁 着 眼 睛 说 瞎 话
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Observers
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18-Jan-2019 21:22     
 
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 Alert Admin 		I think this might turn out to be the first case to test the new delisting rules where major shareholder cannot vote on a delisting resolution.

Then again, if the offerer(s) get enough shares in this general offer to do a compulsory acquisition or if the float drops below a certain percentage and SGX mandates a delisting, then all that is moot.

lukewong82      ( Date: 18-Jan-2019 20:06) Posted:



From 2014 to 2019 5 years, the only time the share price traded below 20 cents is July 2018 to now which is about 5 mths. In this 5 mths, the volume is the very low compared to the last  4.5 years ==> Only 5-10% of those who bought courts are earning due to this take over, the rest of the 90-95% who bought courts are losing money... hai..
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fundamentalhero
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18-Jan-2019 21:14     
 
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 Alert Admin 		AGREED. IF TRANSACTION GO THROUGH CAN CLOSE/TEAR(BURN) DOWN the EXCHANGE ALREADY! especially this is the second time this happened to courts listing. WTheck is SGX useful for? pillaging public monies and list shitty firms like courts midas etc? full of scams and low ball offerors!

Shifu8888      ( Date: 18-Jan-2019 20:36) Posted:

YeAp. It is either Terrence has bird brain or there is a conspiracy theory going on. Else he may be having terminal illness and needs to cash out tomorrow. If sgx allows this deal to go through, the entire exchange needs to be torn down.

fundamentalhero      ( Date: 18-Jan-2019 20:24) Posted:

that' s not the point.

the main point is 

that there is 60 million cash SGD on last financial report. at least $0.115 to be distributed to shareholders!!!!

They are trying to shortchange miniority shareholders!! low ball offer!!!
imagine if $0.115 is not distributed!!!

OFFEROR GOT COURTS AT 9 CENTS ONLY!!!!!!!

https://links.sgx.com/FileOpen/CAL_SGXNet_Q2FY1819.ashx?App=Announcement& FileID=533200

BULL SHIZ OFFER!!!!!!
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Shifu8888
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18-Jan-2019 20:36     
 
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 Alert Admin 		YeAp. It is either Terrence has bird brain or there is a conspiracy theory going on. Else he may be having terminal illness and needs to cash out tomorrow. If sgx allows this deal to go through, the entire exchange needs to be torn down.

fundamentalhero      ( Date: 18-Jan-2019 20:24) Posted:

that' s not the point.

the main point is 

that there is 60 million cash SGD on last financial report. at least $0.115 to be distributed to shareholders!!!!

They are trying to shortchange miniority shareholders!! low ball offer!!!
imagine if $0.115 is not distributed!!!

OFFEROR GOT COURTS AT 9 CENTS ONLY!!!!!!!

https://links.sgx.com/FileOpen/CAL_SGXNet_Q2FY1819.ashx?App=Announcement& FileID=533200

BULL SHIZ OFFER!!!!!!
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Qanghoo
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18-Jan-2019 20:35     
 
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 Alert Admin 		Yep, if div declared is 2c, say, then they can adjust the offer px to 18c.  That' s what it is.  So what if unfair?  It happens again n again.  What are minorities gonna do?  Protest?  Who' s gonna come to the rescue?    This place what seems to happen all the time is kuay kuay accept or if not resign to things n sulk only mah. 

Stanton      ( Date: 18-Jan-2019 18:56) Posted:

The offer states clearly that the offeror has the rights to dividends and they can adjust the price if dividend is announced on or after offer date. Based on the published numbers I feel that this is a very unfair deal. Minority shareholders should wait for the FA report.

danger      ( Date: 18-Jan-2019 14:55) Posted:

any chance courts decalred a one time special dividend like 5cents and then delist ?
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fundamentalhero
Veteran
18-Jan-2019 20:24     
 
fundamentalhero About Contact  Quote this Post! Style: Fundamental  
Yells: "I NEED HONEYS AND MONIES"
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 Alert Admin 		that' s not the point.

the main point is 

that there is 60 million cash SGD on last financial report. at least $0.115 to be distributed to shareholders!!!!

They are trying to shortchange miniority shareholders!! low ball offer!!!
imagine if $0.115 is not distributed!!!

OFFEROR GOT COURTS AT 9 CENTS ONLY!!!!!!!

https://links.sgx.com/FileOpen/CAL_SGXNet_Q2FY1819.ashx?App=Announcement& FileID=533200

BULL SHIZ OFFER!!!!!!
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lukewong82
Master
18-Jan-2019 20:06     
 
lukewong82 About Contact  Quote this Post!  
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 Alert Admin

From 2014 to 2019 5 years, the only time the share price traded below 20 cents is July 2018 to now which is about 5 mths. In this 5 mths, the volume is the very low compared to the last  4.5 years ==> Only 5-10% of those who bought courts are earning due to this take over, the rest of the 90-95% who bought courts are losing money... hai..
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