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desmodeus Veteran	02-Aug-2017 11:30        desmodeus About Contact  Quote this Post!
x 0   x 0  Alert Admin	you are observant DinoBullBear      ( Date: 02-Aug-2017 11:22) Posted: In fact I think a FEW white knights are already around.. quietly  DinoBullBear      ( Date: 02-Aug-2017 11:17) Posted: I think before offer expire already got bb come in and grab..   the price is consider cheap now
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DinoBullBear Member	02-Aug-2017 11:22        DinoBullBear About Contact  Quote this Post!
x 0   x 0  Alert Admin	In fact I think a FEW white knights are already around.. quietly  DinoBullBear      ( Date: 02-Aug-2017 11:17) Posted: I think before offer expire already got bb come in and grab..   the price is consider cheap now
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DinoBullBear Member	02-Aug-2017 11:17        DinoBullBear About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think before offer expire already got bb come in and grab..   the price is consider cheap now
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investshare Supreme	02-Aug-2017 10:35        investshare About Contact  Quote this Post!
x 0   x 0  Alert Admin	I expect the price to drop after offer expire
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DinoBullBear Member	02-Aug-2017 10:34        DinoBullBear About Contact  Quote this Post!
x 0   x 0  Alert Admin	Is BB in play for UE? Today haven' t noon yet but vol is close to past 3 days add together! Anyone got market depth? Still stuck with 384 but got some div end May though..
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desmodeus Veteran	02-Aug-2017 10:10        desmodeus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Offer documents on the way. Stuff it. No $3 no sell
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lglg666 Supreme	14-Jul-2017 19:09        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes....that's the right word to describe them "scums" may they rot in hell. As long as have the money btw it's lots of 💰 they couldn't careless about what others think of them. Look around.....these scums are having a ball of the times ( huge houses, fast cars, yachts, gems, total luxury) at the expense of regular joe and jane. leescums      ( Date: 14-Jul-2017 15:54) Posted: Also, I believe OCBC and UE are conflicted in the transaction, hence they are not acting in our retail investor interest. Do also  not  that they do NOT need to act in our  interest  unlike GIC.  they are conflicted because they hold 33.5% stake in UE, they hold 31.5% stake in WBL. they will sell UE on a CHEAP because they get 2.60 for their 33.5% stake in UE, 2.07 for their 31.5% stake in WBL. they give  discount  for UE because WBL they benefit.  so in essence  they get 4.67 SGD whilst retail investors get 2.60. at the board meeting, we must QUESTION them about this conflict of interest.  Also, for people asking people to sell or selling,  its  your choice. I bought at 2.81, 2.78, 2.75 respectively. Holding around 90 lots. My take is we need to prevent Yanlord from crossing 50% for UE. but for WBL we should vote to sell WBL. We take the 2.07 offer as UE shareholders who own 67.5%. This 2.07 adds to UE. we stay as UE investors with Yanlord/Perennial replacing OCBC/GE (who are s.c.u.m.s, see my  nickmame). This is the WORST case scenario.  There' s still potential bidding war (very unlikely) but don' t forget F& N saga. WAIT FOR BOARD MEETING.  also  there' s a reason why the share price is 2.65-2.67. it cannot be retail investors buying at this price with the volume.  Possible short term increase reasons: (a)analyst report or SIAS say takeover price UNFAIR, (b) Independent directors of UE advise the offer is UNFAIR. Also please stop comparing GLP la, three differences: (a) one is their internal saga so the internal buyer must pay high price to shut the mouths of others, (b) Chinese buyer vs Singapore buyer:  chinese  always very sincere with CWT and GLP prime examples, (c) GLP is a privatisation offer whilst ours is OCBC/GE just divesting their stakes, they  heckcare  small investors.
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leescums Member	14-Jul-2017 15:54        leescums About Contact  Quote this Post!
x 0   x 0  Alert Admin	Also, I believe OCBC and UE are conflicted in the transaction, hence they are not acting in our retail investor interest. Do also  not  that they do NOT need to act in our  interest  unlike GIC.  they are conflicted because they hold 33.5% stake in UE, they hold 31.5% stake in WBL. they will sell UE on a CHEAP because they get 2.60 for their 33.5% stake in UE, 2.07 for their 31.5% stake in WBL. they give  discount  for UE because WBL they benefit.  so in essence  they get 4.67 SGD whilst retail investors get 2.60. at the board meeting, we must QUESTION them about this conflict of interest.  Also, for people asking people to sell or selling,  its  your choice. I bought at 2.81, 2.78, 2.75 respectively. Holding around 90 lots. My take is we need to prevent Yanlord from crossing 50% for UE. but for WBL we should vote to sell WBL. We take the 2.07 offer as UE shareholders who own 67.5%. This 2.07 adds to UE. we stay as UE investors with Yanlord/Perennial replacing OCBC/GE (who are s.c.u.m.s, see my  nickmame). This is the WORST case scenario.  There' s still potential bidding war (very unlikely) but don' t forget F& N saga. WAIT FOR BOARD MEETING.  also  there' s a reason why the share price is 2.65-2.67. it cannot be retail investors buying at this price with the volume.  Possible short term increase reasons: (a)analyst report or SIAS say takeover price UNFAIR, (b) Independent directors of UE advise the offer is UNFAIR. Also please stop comparing GLP la, three differences: (a) one is their internal saga so the internal buyer must pay high price to shut the mouths of others, (b) Chinese buyer vs Singapore buyer:  chinese  always very sincere with CWT and GLP prime examples, (c) GLP is a privatisation offer whilst ours is OCBC/GE just divesting their stakes, they  heckcare  small investors.
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leescums Member	14-Jul-2017 15:41        leescums About Contact  Quote this Post!
x 0   x 0  Alert Admin	Before anyone  sell  now at 2.60-2.67 based on today' s market prices, I believe this writer on Cai Jin made a very good analysis on 19 June 2017. http://www.straitstimes.com/business/companies-markets/uewbl-takeover-not-a-straightforward-exercise Read: How the times have changed. Four years ago, engineering and property development firm United Engineers (UE) was riding high after launching an audacious but ultimately successful bid for WBL, emboldened by the support it had received from its biggest shareholders. Its acquisition was a company then larger than it was by market value, which it then delisted from the Singapore Exchange.   However, in an unusual twist of fortune, those same shareholders have now put their stake in UE on the block and picked a consortium led by a far younger property firm, Perennial, for final talks to buy it. SIGN U Not that there is anything wrong with that move. If UE' s biggest shareholders - OCBC Bank, its insurance unit Great Eastern and the bank' s founding Lee family - feel that they are better off selling their respective UE stakes and putting the money to better use elsewhere, they should do so. Since the news broke in January of a possible sale, the price of UE had surged by about 8  per cent. Last Friday, it ended one cent higher at $2.78, with 1.58 million shares traded. Yet, any attempt by the shareholders to sell their UE stakes may not be a straightforward exercise, as they also want to offload their WBL stake. That may, in turn, have an impact on the options which a UE shareholder has in the event a takeover on UE materialises.     Before delving further, it is useful to recount what transpired during UE' s takeover of WBL four years ago. Prior to that takeover, WBL had also shared the same group of major shareholders as UE - that is, OCBC, GE and the Lee family. But that all changed when Straits Trading - also previously affiliated to OCBC - made a takeover bid for the rest of WBL when it  mopped  up stakes in the then listed property-cum-motor group belonging to fund managers. UE then entered the takeover tussle for WBL with the support of its major shareholders. It emerged as  victor  with about 67.5  per cent  of WBL shares after Straits Trading threw in the towel, while most of the rest of WBL shares continued to be held by OCBC, GE and the Lees. Since it took over WBL, UE has been remaking itself into a property play, selling off non-core assets, such as Singapore luxury car distributor Wearnes and Nasdaq-listed unit MFlex, which had come with the WBL purchase. It  property portfolio, worth about $1.8 billion, includes UE BizHub City, UE BizHub West, one-north mixed developments, as well as property development projects in China. The story then took another twist in January this year when OCBC and GE said that they were reviewing their stakes in UE and WBL - a euphemism to flag that they wanted to sell out. Under Singapore' s takeover rules, any party which acquires more than 30  per cent  of a company must make an offer to buy up the rest of its shares. This rule applies to both listed and unlisted firms. In this case, the stakes which OCBC, GE and the Lees own in UE and WBL are well above the 30 per cent takeover threshold. As such, if they sell their UE and WBL stakes to a single buyer, that buyer would have to make simultaneous offers to buy up the rest of UE and WBL shares. At current market prices, UE is worth about $1.72 billion, while WBL was valued at as much as $1.25 billion when UE took it private four years ago. Therefore, a buyer will have to prepare as much as $3 billion to mount both takeovers simultaneously. That would be a big strain on his financial resources, no matter how attractive UE' s assets may be. This may explain why Perennial is said to be seeking clarification from Singapore regulators on the procedures for a simultaneous purchase of the three parties' holdings in UE and WBL. According to market sources, in order to lessen the financial burden,  one possible pathway for the buyer is to first purchase the stakes in UE belonging to OCBC, GE and the Lees. In doing so, he would trigger a takeover order on UE. As for buying up the three parties' stake in WBL, that will be taken care of if the UE takeover turns mandatory after crossing the 50 per cent level, which gives the buyer undisputed control over UE. Owing to a rule on chain listing, this change of ownership in UE will require the buyer to make an offer for WBL. But, here, the situation gets a little tricky: With this takeover offer on WBL, OCBC, GE and the Lees will be able to offload their WBL stakes to the buyer. But in order to reduce his cash outlay, the buyer may want UE to undertake that it will not accept the takeover offer to sell its 67.5 per cent stake in WBL. This raises governance concerns. For the UE' s board of directors to give such an undertaking on behalf of the company, it must satisfy itself that the shareholders are better off if UE does not cash out of WBL. But some UE shareholders may be reluctant to accept the offer made by the buyer for their UE shares. They may also prefer to hold on to the UE shares in the hope of collecting any special dividend payout, which the company would be in the position to make if it sells out of its WBL stake. There is also the awkward question as to why UE should lock itself up with an undertaking not to sell its WBL  stake,  when other WBL shareholders can keep their options open as to what to do with their shares. Then there is the regulatory aspect to consider. The Securities Industry Council, which administers the takeover code, may want the UE board to give a written confirmation that the company has not received any form of " inducements" for undertaking that it would not be selling its 67.5 per cent stake in WBL to the buyer. Suffice to say, the various issues that may arise are likely to put the UE board between a rock and a hard place. But my take is that if push ever comes to shove and the scenario which I describe does indeed pan out, the best recourse for UE is to hold an extraordinary general meeting in order to allow its shareholders to decide what they want to do with the WBL stake. After all, as shareholders, they deserve to be given an opportunity to exercise their rights with regard to any takeover offer on WBL. That can only be good corporate governance.
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lglg666 Supreme	14-Jul-2017 14:44        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes....GLP did a good job and my head wound was completely cured while looking at their announcements. Still must kpkb at both OCBC and GE management for doing a lousy job 👇 🏿 🤛 🏼 👊 lol. lglg666      ( Date: 13-Jul-2017 22:40) Posted: Badly off the mark for UE....can only hope for best for GLP. Landed on my head and now nursing a head wound ha ha lglg666      ( Date: 13-Jul-2017 13:27) Posted: Both should get above $3 for the deal to be accepted and like many old timers here predicted we may see UE going for $3.10 to 3.30 and GLP going slightly higher if not due to it last couple of trading days when it tanked from $2.87 to 2.70. But since the Chinese group had submitted their binding bid on the last day on 30 June. So.....the final offer should still stay at higher only now they had a upper hand and giving GIC no choice but to accept whatever they offered
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pasttime Supreme	13-Jul-2017 23:28        pasttime About Contact  Quote this Post!   Yells: "gold silver are real money. not others iou."
x 0   x 0  Alert Admin	interesting to see uob as financial backers of the GO.  OCBC is selling their asset and they did notmanaged to get a piece of the financing actions?
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SgTrader17 Elite	13-Jul-2017 22:48        SgTrader17 About Contact  Quote this Post!
x 0   x 0  Alert Admin	What happened to Vard Holdings previously? I was a victim of that offer. Hit on the head straight. Nowadays, don't expect too much when it is a unconditional takeover offer. If the price is good, it is a bonus. Take and go.
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lglg666 Supreme	13-Jul-2017 22:40        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Badly off the mark for UE....can only hope for best for GLP. Landed on my head and now nursing a head wound ha ha lglg666      ( Date: 13-Jul-2017 13:27) Posted: Both should get above $3 for the deal to be accepted and like many old timers here predicted we may see UE going for $3.10 to 3.30 and GLP going slightly higher if not due to it last couple of trading days when it tanked from $2.87 to 2.70. But since the Chinese group had submitted their binding bid on the last day on 30 June. So.....the final offer should still stay at higher only now they had a upper hand and giving GIC no choice but to accept whatever they offered. lglg666      ( Date: 13-Jul-2017 11:18) Posted: Since both this UE and then GLP are already halted from trading with both their share price more or less ending about almost the same ( $2.71 vs $2.70 ). Therefore it's very interesting to see which one will come out "TOP" in the final offer price. If I can give a guess then it'll GLP. So what your guess it's for the fun of it. Come on!! The announcement is likely be over the weekend
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lglg666 Supreme	13-Jul-2017 13:27        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Both should get above $3 for the deal to be accepted and like many old timers here predicted we may see UE going for $3.10 to 3.30 and GLP going slightly higher if not due to it last couple of trading days when it tanked from $2.87 to 2.70. But since the Chinese group had submitted their binding bid on the last day on 30 June. So.....the final offer should still stay at higher only now they had a upper hand and giving GIC no choice but to accept whatever they offered. lglg666      ( Date: 13-Jul-2017 11:18) Posted: Since both this UE and then GLP are already halted from trading with both their share price more or less ending about almost the same ( $2.71 vs $2.70 ). Therefore it's very interesting to see which one will come out "TOP" in the final offer price. If I can give a guess then it'll GLP. So what your guess it's for the fun of it. Come on!! The announcement is likely be over the weekend. lglg666      ( Date: 12-Jul-2017 22:39) Posted: Gotto see how high is the offer price.....and if there is a counter bid. That's the way to get the best price lol.
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lglg666 Supreme	13-Jul-2017 11:18        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Since both this UE and then GLP are already halted from trading with both their share price more or less ending about almost the same ( $2.71 vs $2.70 ). Therefore it's very interesting to see which one will come out "TOP" in the final offer price. If I can give a guess then it'll GLP. So what your guess it's for the fun of it. Come on!! The announcement is likely be over the weekend. lglg666      ( Date: 12-Jul-2017 22:39) Posted: Gotto see how high is the offer price.....and if there is a counter bid. That's the way to get the best price lol.
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lglg666 Supreme	12-Jul-2017 22:39        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Gotto see how high is the offer price.....and if there is a counter bid. That's the way to get the best price lol.
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kirana Senior	12-Jul-2017 19:23        kirana About Contact  Quote this Post!
x 0   x 0  Alert Admin	I share most of these sentiments here. But is it confirm plus chop? If confirmed is it choped? Sealed? And the trading halt at 2.70, does it mean lower confidence of general market?
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lglg666 Supreme	12-Jul-2017 15:55        lglg666 About Contact  Quote this Post!
x 0   x 0  Alert Admin	At long last......it's halted awaiting the latest takeover binding offer. For the long suffering awaiting investors.....the announcement can't come sooner lol. Just hope it's worth the long wait.
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ysh2006 Supreme	09-Jul-2017 09:07        ysh2006 About Contact  Quote this Post!
x 0   x 0  Alert Admin	NATO ask vs bid wide spread cannot have done deal lah... Wasteing time and efford . AndyLoss      ( Date: 08-Jul-2017 18:28) Posted: United Engineers Attracts Several Bidders Jun 28 17 United Engineers Limited (SGX:U04) has attracted many suitors as its core businesses comprise property development, hospitality, engineering and distribution. Oversea-Chinese Banking Corporation Limited (SGX:O39) and subsidiary Great Eastern recently jointly announced that they are conducting a strategic review and have received proposals from several parties regarding their combined stakes in United Engineers (UE) and WBL Corporation (WBL). Perennial Real Estate Holdings Limited (SGX:40S) and its consortium partners have submitted a bid to acquire United Engineers. Other bidders could include KKR & Co. L.P. (NYSE:KKR), Haiyi Holdings Pte. Ltd., Samling Group and Ascendas-SingBridge Pte Ltd.
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AndyLoss Master	08-Jul-2017 18:28        AndyLoss About Contact  Quote this Post!
x 0   x 0  Alert Admin	United Engineers Attracts Several Bidders Jun 28 17 United Engineers Limited (SGX:U04) has attracted many suitors as its core businesses comprise property development, hospitality, engineering and distribution. Oversea-Chinese Banking Corporation Limited (SGX:O39) and subsidiary Great Eastern recently jointly announced that they are conducting a strategic review and have received proposals from several parties regarding their combined stakes in United Engineers (UE) and WBL Corporation (WBL). Perennial Real Estate Holdings Limited (SGX:40S) and its consortium partners have submitted a bid to acquire United Engineers. Other bidders could include KKR & Co. L.P. (NYSE:KKR), Haiyi Holdings Pte. Ltd., Samling Group and Ascendas-SingBridge Pte Ltd.
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