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PhillipTan Supreme	02-Aug-2021 10:15        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	SPH has a lot of aunty and uncle shareholders Due to the previous 5% rule, the number of shareholders is way way a lot more than other companies How many of these diverse shareholders will actually come out to vote?   Goldfinger      ( Date: 02-Aug-2021 10:05) Posted: Please refer to the other comments.  If it is a Scheme of Arrangement, and Keppel does not have a major shareholding - very likely it will fail at this price.  SPH has too many diverse shareholders to approve such a low ball offer.  If they offer SGD3, then there could be a better chance of success. I will vote NO. Remember, SPH has many many new technology jewels like qoo10 that have not been valued yet... JessTrang      ( Date: 02-Aug-2021 10:01) Posted: People are looking at the share price excluding the media business and yet you are still holding on to it ..... you prefer to have a lower share price by voting no or higher share price when the tumor is removed
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Goldfinger Supreme	02-Aug-2021 10:05        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Please refer to the other comments.  If it is a Scheme of Arrangement, and Keppel does not have a major shareholding - very likely it will fail at this price.  SPH has too many diverse shareholders to approve such a low ball offer.  If they offer SGD3, then there could be a better chance of success. I will vote NO. Remember, SPH has many many new technology jewels like qoo10 that have not been valued yet... JessTrang      ( Date: 02-Aug-2021 10:01) Posted: People are looking at the share price excluding the media business and yet you are still holding on to it ..... you prefer to have a lower share price by voting no or higher share price when the tumor is removed? Goldfinger      ( Date: 02-Aug-2021 09:47) Posted: I will vote no lah - first of all, the Media giveaway is gonna fail (people will block it), second - SPH is worth much more than SGD2.10 third - they should be referencing the premium to the last traded price, which does not make it that attractive anymore. the only positive is that SPH shareholders will still have skin in the game from the Keppel Reit and SPH Reit stakes. So they will still benefit from dividends.
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JessTrang Veteran	02-Aug-2021 10:01        JessTrang About Contact  Quote this Post!
x 0   x 0  Alert Admin	People are looking at the share price excluding the media business and yet you are still holding on to it ..... you prefer to have a lower share price by voting no or higher share price when the tumor is removed? Goldfinger      ( Date: 02-Aug-2021 09:47) Posted: I will vote no lah - first of all, the Media giveaway is gonna fail (people will block it), second - SPH is worth much more than SGD2.10 third - they should be referencing the premium to the last traded price, which does not make it that attractive anymore. the only positive is that SPH shareholders will still have skin in the game from the Keppel Reit and SPH Reit stakes. So they will still benefit from dividends.
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fatpanda Supreme	02-Aug-2021 09:59        fatpanda About Contact  Quote this Post! Style: Technical   Mood: Yells: "Another wonderful day!"
x 0   x 0  Alert Admin	This " Ex General" very jialat.... Sank the " pirate ship" in his last job and now, smashed " MA Piew Pao" .....
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PhillipTan Supreme	02-Aug-2021 09:59        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	My first purchase at SPH was done at $4.44 Lol   TraderBen      ( Date: 02-Aug-2021 09:56) Posted: Another Lowball offer considered a premium in these cases from G linked companies...sad for those bought above $2.10 which i believed alot of older folks did in the early days..
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TraderBen Supreme	02-Aug-2021 09:56        TraderBen About Contact  Quote this Post!
x 0   x 0  Alert Admin	Another Lowball offer considered a premium in these cases from G linked companies...sad for those bought above $2.10 which i believed alot of older folks did in the early days..
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Goldfinger Supreme	02-Aug-2021 09:47        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	I will vote no lah - first of all, the Media giveaway is gonna fail (people will block it), second - SPH is worth much more than SGD2.10 third - they should be referencing the premium to the last traded price, which does not make it that attractive anymore. the only positive is that SPH shareholders will still have skin in the game from the Keppel Reit and SPH Reit stakes. So they will still benefit from dividends.
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ckmpd1 Supreme	02-Aug-2021 09:43        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	maybe higher than $2.10 after today' s announcements f16force      ( Date: 02-Aug-2021 09:33) Posted: SPH valued at about $2.10
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f16force Senior	02-Aug-2021 09:33        f16force About Contact  Quote this Post!
x 0   x 0  Alert Admin	SPH valued at about $2.10
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PhillipTan Supreme	02-Aug-2021 09:31        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Keppel Corp makes S$3.4 billion offer for SPH' s non-media business Keppel Corporation on Monday made a privatisation offer for Singapore Press Holdings' (SPH) non-media business through a scheme of arrangement. The deal values SPH at S$3.4 billion with Keppel' s share of the deal totalling S$2.2 billion. Under the scheme, shareholders will receive a total consideration of S$2.099 per share. This will comprise cash of $0.668 per share, 0.596 Keppel Reit unit valued at S$0.715 per unit, and 0.782 SPH Reit units valued at S$0.716 per unit from a distribution in-specie by SPH. The scheme is subject to approval by SPH and Keppel shareholders, as well as other conditions and regulatory approvals. If the deal is approved, SPH, which publishes The Business Times, will be delisted and will become a wholly owned subsidiary of Keppel. Keppel will hold stakes of about 20 per cent in both SPH Reit and Keppel Reit. The offer price represents a 39.9 per cent premium to the last traded price of S$1.50 per share before a strategic review of SPH' s businesses was announced on March 30. It is also an 11.6 per cent premium to the last traded price of S$1.88 per share on July 30, and a 21.4 per cent premium ot the three-month volume weighted average price of S$1.729 per share. The offer price is also equivalent to SPH' s adjusted net asset value per share excluding the media business. Shareholders will also receive any final dividend that may be declared by the board for FY2021. SPH said in a press statement that it had reviewed various strategic options, including maintaining the status quo, monetisation of certain assets, a partial sale, or privatisation of SPH post-media restructuring. To maximise value and minimise disruption for shareholders, the board had concluded that privatisation of the entire company would be the preferred solution. " It derives a better valuation outcome for all shareholders where a control premium is paid for the entire company," the company said. It will also avoid a situation in which prime SPH assets are cherry-picked, leaving SPH with its existing debt and the risk of being unable to monetise its remaining assets. Receiving SPH Reit units and Keppel Reit units would allow shareholders to participate in the recovery upside of the retail and commercial property sectors at attractive dividend yields, SPH added. The scheme will only take effect upon a successful completion of the proposed media restructuring. SPH had in May announced a plan to transfer its media business to a company limited by guarantee (CLG), amid the ongoing challenge of falling advertising revenue. The transfer of the media assets to the CLG is subject to SPH shareholders' approval at an extraordinary general meeting (EGM) expected to be convened in August or September this year. Should it be approved at the EGM, the competion of the restructuring is expected to occur by December. SPH will appoint an independent financial adviser for the independent directors, who will make their final recommendation to shareholders on the Keppel scheme. SPH also intends to seek consent from noteholders through a consent solicitation process in relation to certain terms and conditions of the notes and the trust deed constituting the notes. It will run a formal consent solicitation exercise and details will be provided in due course. This consent of noteholders is, however, not a condition for the scheme. Credit Suisse is the financial advisor while Allen and Gledhill is the legal advisor to SPH for the strategic review and the proposed transaction. Said SPH' s chief executive officer Ng Yat Chung: " The outcome is the result of a strategic review process that has taken place over many months. We took the first step with the media restructuring to ensure a sustainable future for the media business, while removing the losses from SPH. The next step was a thorough process to unlock and maximise value for all shareholders for the remaining company. With the privatisation offer from Keppel, shareholders now have an opportunity to realise the value of their SPH shares at a premium."
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wehuattogether88 Supreme	02-Aug-2021 09:27        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, this is a surprise as Kepple buying into SPH(non nedia biz). SPH share will sure pump UP! ckmpd1      ( Date: 02-Aug-2021 09:18) Posted: I expect SPH and KC SHs to huat  I look forward to KC crossing $6 and SPH rising above $2 soon wehuattogether88      ( Date: 02-Aug-2021 09:17) Posted: Kepple Corp makes S$3.4 billion offer for non media business of SPH
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PhillipTan Supreme	02-Aug-2021 09:24        PhillipTan About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Trading halts called for Keppel Corp, Keppel Reit, SPH and SPH Reit Four counters - including Keppel Corporation and Singapore Press Holdings - called for trading halts on Monday morning pending announcements. Keppel Corp, Keppel Reit, SPH and SPH Reit had called the trading halts within minutes of each other before the market opened on Monday. All four counters closed higher on Friday. Keppel was up 1.9 per cent or S$0.10 to S$5.49, while Keppel Reit was up 0.8 per cent or S$0.01 to S$1.20. SPH gained 1.1 per cent or S$0.02 to end the week at S$1.88 and SPH Reit rose 0.6 per cent or 0.5 Singapore cents to 91.5 cents. In May, SPH, which publishes The Business Times, proposed a restructuring intended to preserve and grow its media business while allowing shareholders of the company to see better values for their shares over time. The proposed deal involves a transfer of the media business to a company limited by guarantee (CLG). This structure will allow any future profits from the media business to be reinvested into the media operations rather than distributed to shareholders. Former Cabinet minister Khaw Boon Wan has agreed to be the chairman of the CLG. SPH and Keppel have several ties. The two companies previously shared a common chairman: Lee Boon Yang. Mr Lee stepped down as chairman of the conglomerate in April this year, after close to 12 years helming its board. Both companies also own stakes in Singapore telco M1, following a buyout in 2019. In 2020, SPH and Keppel set up a joint venture (JV) to develop and operate data centre facilities at SPH' s Genting Lane property. SPH announced at the time that it will hold 40 per cent of the JV company, named Memphis 1, while units of Keppel will hold the remaining 60 per cent.
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ckmpd1 Supreme	02-Aug-2021 09:18        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I expect SPH and KC SHs to huat  I look forward to KC crossing $6 and SPH rising above $2 soon wehuattogether88      ( Date: 02-Aug-2021 09:17) Posted: Kepple Corp makes S$3.4 billion offer for non media business of SPH
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wehuattogether88 Supreme	02-Aug-2021 09:17        wehuattogether88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Kepple Corp makes S$3.4 billion offer for non media business of SPH
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ckmpd1 Supreme	02-Aug-2021 09:05        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Looking forward to good news for KC and SPH.  Looking forward to SPH rising to $2+ Adrianinsing      ( Date: 02-Aug-2021 07:44) Posted:   Singapore Press Holdings (SPH) on Monday morning (Aug 2) called for a halt in the trading of its shares pending the release of announcements. ckmpd1      ( Date: 01-Aug-2021 14:29) Posted: Yes.  I will vote against giving media away for free and to add insult to injury, we pay $321m for the giveaway too. Nevertheless, I think TH will push for SPH price to rise after details of the giveaway are announced
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Goldfinger Supreme	02-Aug-2021 07:45        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let?s hope it is not another free giveaway and throw money along with it craziness.
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Adrianinsing Elite	02-Aug-2021 07:44        Adrianinsing About Contact  Quote this Post!
x 0   x 0  Alert Admin	Singapore Press Holdings (SPH) on Monday morning (Aug 2) called for a halt in the trading of its shares pending the release of announcements. ckmpd1      ( Date: 01-Aug-2021 14:29) Posted: Yes.  I will vote against giving media away for free and to add insult to injury, we pay $321m for the giveaway too. Nevertheless, I think TH will push for SPH price to rise after details of the giveaway are announced. Goldfinger      ( Date: 01-Aug-2021 14:14) Posted: All the news that has come out thus far, has been bad news - especially the free giveaway of media assets with a fat ang pow to boot - any good news should be a great positive.  Anyway,  I will vigorously block the media giveaway.  They will not get my vote of support at the EGM. NO!!!
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ckmpd1 Supreme	01-Aug-2021 14:29        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes.  I will vote against giving media away for free and to add insult to injury, we pay $321m for the giveaway too. Nevertheless, I think TH will push for SPH price to rise after details of the giveaway are announced. Goldfinger      ( Date: 01-Aug-2021 14:14) Posted: All the news that has come out thus far, has been bad news - especially the free giveaway of media assets with a fat ang pow to boot - any good news should be a great positive.  Anyway,  I will vigorously block the media giveaway.  They will not get my vote of support at the EGM. NO!!!
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Goldfinger Supreme	01-Aug-2021 14:14        Goldfinger About Contact  Quote this Post!
x 0   x 0  Alert Admin	All the news that has come out thus far, has been bad news - especially the free giveaway of media assets with a fat ang pow to boot - any good news should be a great positive.  Anyway,  I will vigorously block the media giveaway.  They will not get my vote of support at the EGM. NO!!!
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ckmpd1 Supreme	01-Aug-2021 13:45        ckmpd1 About Contact  Quote this Post!
x 0   x 0  Alert Admin	One counter to watch for the next two months is SPH. SPH was $1.26 in Mar 21.  On 19 Jun, it was $1.88.  Will it be $2+ soon? Goldfinger      ( Date: 26-Jul-2021 11:54) Posted: Strange that this will be top volume/value today.  Any clues please share....
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