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Vard Holdings
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KopRed75
Veteran |
30-Dec-2016 17:46
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Can they take up the 72% at 24cts first, wait for some time to pass before making a fresh offer to acquire the balance required for privatisation?
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katak88
Master |
30-Dec-2016 17:07
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Depend on the Fincantieri Oil & Gas S.p.A If they are satisfied with 72% acceptance and market trading price is always above 24cts, then they can' t do anything. If they " die die" must privatise Vard Holdings, then they have no choice but to offer higher prices (premium to the current market price) so that it can reach the required acceptance level. Â Â
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rabbitfoot
Master |
30-Dec-2016 16:41
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Is the extension to 12 Jan at no price increase the last round ? Looks like it
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Qanghoo
Supreme |
30-Dec-2016 16:03
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Px suddenly 25c today. Is offer gonna be revised higher? |
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shadow
Veteran |
30-Dec-2016 09:08
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Compulsory Acquisition - Section 215(1) of the Companies Act, if the Offeror receives valid acceptances pursuant to the Offer or acquires Offer Shares during the Offer period otherwise then through valid acceptances of the Offer in respect of not less than 90% of the total number of Shares ( other than those already held by the Offeror, its related corporations and their respective nominees as at the Depatch Date), the Offeror will be entitled to exercise the right to compulsorily acquire all the shares of the Shareholders who have not accepted the Offer (the" Dissenting Shareholders" ) on the same terms as those offerred under the Offer. |
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shadow
Veteran |
30-Dec-2016 09:05
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Compulsory Acquisition - Section 215(1) of the Companies Act, if the Offeror receives valid acceptances pursuant to the Offer or acquires Offer Shares during the Offer period otherwise then through valid acceptances of the Offer in respect of not less than 90% of the total number of Shares ( other than those already held by the Offeror, its related corporations and their respective nominees as at the Depatch Date), the Offeror will be entitled to exercise the right to compulsorily acquire all the shares of the Shareholders who have not accepted the Odder (the" Dissenting Shareholders" ) on the same terms as those offerred under the Offer.
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james87
Master |
30-Dec-2016 08:49
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What is the percentage they need to complete the take over?
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shadow
Veteran |
29-Dec-2016 22:35
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71.95%LEVEL OF ACCEPTANCES OF THE OFFER AND AGGREGATE SHAREHOLDING |
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KopRed75
Veteran |
29-Dec-2016 22:23
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Can they further extend the timeline for the offer? | ||||
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angmohlin
Veteran |
29-Dec-2016 21:41
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No matter how to extend the general offer, shareholders should not sell their shares to the offeror for so low price which not even match with the NAV. No way for me to sell my shares to them. |
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rabbitfoot
Master |
29-Dec-2016 16:07
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Extend dateline but without increasing price. What' s their game plan ? Just for them to increase their holding in vard ? |
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nphp1117
Member |
29-Dec-2016 15:29
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If we by Vard now and they manage to get required 95.96% shares to go for privatization. We will still get money only loss could be brokerage. But if they can' t get required share price of Vard will be most likely move up. So it is worth taking risk to buy. Is my understanding correct? can someone help me? Thank you |
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sheerluck
Supreme |
29-Dec-2016 12:30
Yells: "Work for your money first then let your money work for you" |
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VARD extended closing date for offer. EXTENSION OF CLOSING DATE ANNOUNCEMENT http://infopub.sgx.com/FileOpen/Fincantieri_Oil_Gas_SpA_Offer_Extension_Announcement_dtd_29_12_2016.ashx?App=Announcement& FileID=434383 Looks like this VGO is going to fail.... |
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angmohlin
Veteran |
23-Dec-2016 15:17
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Let' s say if someone quietly accumulated the shares on behalf of Fincantieri after the date of announcement till 22 Dec 16, total only accumulated 139,573 shares or 11.83% of total issue. So I opine that they will fail in the voluntary conditional cash offer. |
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katak88
Master |
23-Dec-2016 09:20
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Looking at Vard Holdings SGX annoucement, there is not a single announcement of shareholders accepting the cash offer. Â |
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sheerluck
Supreme |
20-Dec-2016 23:52
Yells: "Work for your money first then let your money work for you" |
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VARD CEO Roy Reite named winner of « Industry Leader» award by Offshore Support Journal http://infopub.sgx.com/FileOpen/VARD_CEO_Roy_Reite_named_Industry_Leader_award_winner_final.ashx?App=Announcement& FileID=433562 Yet another confirmation that VARD turnaround is successful and recognised. Very sad papa took it away from me...... |
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shyeo1223
Master |
19-Dec-2016 15:39
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IFA and IDs all get paid by the company, so independence is just crap! |
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nooovva
Member |
17-Dec-2016 22:00
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Honestly the IFA work undertaken is nothing compared to those overseas. IFA work overseas usually have a DCF which tells you the intrinsic value. Most of the local IFA work is based on premium to historical offer prices over a relatively short period of time and do not take into account the business prospects. |
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sheerluck
Supreme |
16-Dec-2016 19:59
Yells: "Work for your money first then let your money work for you" |
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VARD recently delivered " Deep Explorer" . Just when it is turning around, papa wants to makan it. I am not going to follow VARD anymore. I see one time I sad one time........ (Don' t think I can keep that promise though!) |
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shyeo1223
Master |
16-Dec-2016 19:40
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I really don't understand why decent shareholders with some brains would want to take up this offer. | ||||
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