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EXPANSION INTO THE MEDICAL INDUSTRY FOR GROWTH
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Professor001
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12-Jul-2025 08:40
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Eventually will the price stabilise at $0.94? I am not hopeful that another third party will come along and counter-offer at this time of uncertainty caused by the US tariff situation. | ||||
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stlimst
Master |
11-Jul-2025 22:02
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Hi Bro Trader-101. I asked AI (Co-Pilot in this case) to do a do a counterfactual valuation estimating what GVT could be worth in 2026 if it remains listed. The answer came back : If GVT remains listed and executes its growth plans:
I suppose Aalbert could have offered nearer to $1 to entice all shareholders.
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stlimst
Master |
11-Jul-2025 21:37
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Zico Capital has been appointed as IFA. But I am almost certain that Zico will conclude " fair and reasonable" . My cost is below $0.94, so not underwater. Looks like I will hold out for $0.94. Hopefully, there is a counter offer above $1.0341 along the way. Maybe GVT should call a ' for sale' tender to the general public and see if there' s any other offer. In any case, even if the offer is low-ball, I doubt SGX or SIAS can do anything about it once the 75% majority votes for the scheme. |
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bergkamp07
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11-Jul-2025 17:20
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Company should relook the Malaysia ipo , if the private equity investor wants to cash out can do so , rather than leaving the retail investors in the lurch. | ||||
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joe1991
Veteran |
11-Jul-2025 15:30
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The Dutch wants to buy lower..so am I....the rtn is better than FD ...
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Professor001
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11-Jul-2025 13:54
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I see a wrong figure quoted: " The offeror is proposing to acquire all issued and paid-up ordinary shares in the company& rsquo s share capital, comprising some 339.3 million shares worth S$87.3 million, at S$0.94 apiece."
The total sum to be paid is $318.9M. |
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Joelton
Supreme |
11-Jul-2025 12:30
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Dutch firm moves to privatise Grand Venture Technology at S$0.94 apiece
Shareholders who collectively hold around 64.2 per cent of the company&rsquo s total shares have given irrevocable undertakings to the offeror
[SINGAPORE] A Dutch firm is looking to take Grand Venture Technology : JLB 0% private by way of scheme of arrangement, said the precision engineering solutons company in a joint announcement with the offeror on Thursday (Jul 10).
The offeror is proposing to acquire all issued and paid-up ordinary shares in the company&rsquo s share capital, comprising some 339.3 million shares worth S$87.3 million, at S$0.94 apiece.
Shareholders who collectively hold around 64.2 per cent of the company&rsquo s total shares have given irrevocable undertakings to the offeror, the companies said.
They added that the scheme consideration represents a premium of 11.9 per cent over the latest traded price of shares of S$0.84 on the company&rsquo s last undisturbed trading day on May 30, 2025.
This was before the company announced on Jun 1, 2025, that it had entered confidential discussions relating to a possible transaction involving its shares.
As the trading volume of Grand Venture&rsquo s shares have been relatively low, the scheme provides shareholders the option to realise their investment for cash without incurring any brokerage or other trading costs, the two companies said.
The offer is also a strategic opportunity for the offeror to enter the South-east Asia semiconductor market by leveraging Grand Venture&rsquo s production capabilities, the two companies said.
The offeror, Aalberts Advanced Mechatronics, is incorporated in the Netherlands and is an indirect wholly owned subsidiary of the Aalberts group, which is listed on Euronext Amsterdam.
Aalberts Advanced Mechatronics intends to delist Grand Venture from the Singapore Exchange once the scheme is completed.
For the scheme to be passed, it requires approval from shareholders who represent at least 75 per cent of the value of the shares held by shareholders present and voting, either in person or by proxy, at the scheme meeting.
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Trader-101
Supreme |
11-Jul-2025 12:08
Yells: "Don't trust what i say, Trust your decisions. " |
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There are so many comments yet no one can produce numbers to justify a higher offer price. Even DBS with $1.12 target has acknowledged that the offer valuation is broadly in line with the industry. My question is simple: Anyone able to justify a higher valuation for GVT? If no one can, then there is no way SGX or SIAS can step in. There is no doubt that the management is throwing shareholders under the bus, but that is common everywhere. Losing money due to speculation is part of the game too. Just accept and move on. |
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stlimst
Master |
11-Jul-2025 10:54
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Yup, this is SGX !!! World class financial centre.
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joe1991
Veteran |
11-Jul-2025 09:50
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Haha already low ball offer N now killing contra players..typical sing mkt...think Wednesday insiders already knew the offer price N shorting...
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Buffett
Member |
10-Jul-2025 23:54
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Latest DBS report for reference: https://www.dbs.com/insightsdirect/company/TR5067173454?pagesec=whatsnew&pagesecid=26355 Notable quotes rom the report: "Based on our earnings projections, the offer price represents a PE of 29.3x for FY24, 25.7x for FY25, and 17.2x for FY26, which is broadly inline with the global peers." "With 64.24% of the shares already committed to the offeror, the likelihood of scheme approval is high." | ||||
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Professor001
Member |
10-Jul-2025 22:12
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Those who bought the placement of 25M shares on 3 Sep 2021 at the price of $1.14 and did not dispose earlier are now facing losses. These people will oppose the take-over. | ||||
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stlimst
Master |
10-Jul-2025 21:08
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They should have offered $1.034 and setlle the issue. I think this is part of negotiation tactic. Hopefully someone, maybe Bro Sgvale can offer $1.034 to GVT management and force Aalbert to up the current offer.
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Sgvale
Supreme |
10-Jul-2025 19:04
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These shareholders have given their irrevocable undertakings to accept the offer, unless there is a competing offer of at least $1.0341 per share and that Aalbert does not match, or betters its current offer.
So does it means GVT think $1.034 is the reasonable price but gave in at 0.94 . No fish , got prawn also good? Fair to small shareholders? |
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stlimst
Master |
10-Jul-2025 18:55
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WIll have to depend on minority shareholders to vote NO. Majority shareholders wlll likely bulldozed the way through. Still OK for me as my cost of investment in GVT is below $0.94
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joe1991
Veteran |
10-Jul-2025 18:22
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I happened to see EDGE on this offer....they said if someone offer better than 1.034...then hor say liao..still got hope.
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Trader-101
Supreme |
10-Jul-2025 17:50
Yells: "Don't trust what i say, Trust your decisions. " |
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The price is indeed fair and reasonable. Everything has been factored in it (Growth, Catalysts, Macro Environment). If disagree, must come up with numbers and solid explanation. No point bringing up DBS target price because analyst target price are always irrelevant in such situations. I am suspecting that the IFA might even end up with an even lower fair value price. The offer price is higher than it was in the past 3 years prior to the first announcement. Unfair to compare to market price after the announcement (e.g $1), these are speculators driving up the price due to the potential catalyst. Does not look like deliberate pressing, more like an attempt to offload shares at higher price than the offer. The counter consistently closed above $0.94, very likely that most sold above the offer price while speculators bought above. The management actions were despicable, but all holders prior to the first announcement are still earning more than they would have. Speculators lose money, no choice.
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stlimst
Master |
10-Jul-2025 17:49
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Right. Offer should at least be $1.00 to get all shareholders to vote YES.
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joe1991
Veteran |
10-Jul-2025 17:34
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Wait for an offer come in higher than 1.03...
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stlimst
Master |
10-Jul-2025 17:22
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I agree on the objective part. If you start to compare offer price vs NTA, vs ATL (All Time Low) then the offer looks so attractive. Compare against the average traded price over a month - then the deliberate pressing down of share price will make the case for the offeror. Maybe should get independent valuer to do a proper valuation - but this will not help as the ' independent valuer' will usually come to the conclusion that offer is ' fair and resonable' - see this so many times before.
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