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Vard Holdings
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nooovva
Member |
17-Nov-2016 21:56
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Hey all, just want to highlight some technicalities so that everyone makes an informed decision. To achieve compulsory acquisition, Fincantieri needs 90% of shares it does not already own. Fincantieri now holds 55.63%.  So this means it needs 90%*(100%-55.63%)+55.63% = 95.56% of all shares before compulsory acquisition begins (i.e. they will just sweep your shares).  Now, when Fincantieri receives 90% of all shares, it will suspend trading of the stock. BUT at that point only will the Offer turn unconditonal (i.e. you will get paid within 7 business days). At this point, you can still decide to accept the Offer and exit. There will still be time for that and you will not be trapped.  If everyone who disagrees with the price, doesn' t accept, I think > 10% is acheivable.  |
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shyeo1223
Master |
17-Nov-2016 17:17
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Anyone knows if they managed to acquire 90% and decide to delist the company, is there a window period before the delisting materialized? |
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rabbitfoot
Master |
17-Nov-2016 11:31
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Glanced thru the top SSH, several are from foreign bank holdings, hope they are not agreeable to sell
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Qanghoo
Supreme |
17-Nov-2016 11:08
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OK, I' d just double check.  They intend to compulsorily acquire the rest if they reach => 90%.  Then if u re still holding up to u to decide.  If u don' t sell to them then u cld be stuck.  The other thing is some bbs cld also be trying to force for a higher px.  If that happens, n they succeed,  those small holders who refuse o sell at 24 wld be in luck too.    Otherwise, it' s 24, no more. 
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rabbitfoot
Master |
17-Nov-2016 10:18
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Cmon lah, if they reach > 90, the rest will have to accept at 0.24 as it becomes mandatory, So thats it. No harm in hoping they dont reach 90, theres no loose everyting by delisting scare tactic. 
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Qanghoo
Supreme |
17-Nov-2016 10:10
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Well, unless u' re such a big holder, u' re unlikely to stop them if they get => 90%.  Then if they delist, u' ll be left with no outlet to trade ur shares.  If u' re lucky, n they decide to be generous, they might offer u more at some future date.  But if not, u cld really be stuck.  DYODD of course.  But do consider the possible consequences. 
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rabbitfoot
Master |
17-Nov-2016 09:44
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Me also wont be selling 
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tthsteve
Member |
17-Nov-2016 09:40
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yes. die die no sell @ 0.24
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sheerluck
Supreme |
16-Nov-2016 21:02
Yells: "Work for your money first then let your money work for you" |
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Well consider it an early bonus. But same here I wish not to be able to cash out fast for this one. I believe it is almost there in turning around. Could be a 50cts stock if things worked out for them.
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Qanghoo
Supreme |
16-Nov-2016 16:39
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Now chng kays lock gate of hse 235.
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Qanghoo
Supreme |
16-Nov-2016 06:45
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No, I don' t normally contra in this manner.  But on Sunday night, I figured (correctly as it turned out) that a small window for a fast buck wld open up on Monday morning.  That' s why I did it.  Overall, made > 7k from this baby.  Not bad for a few mths' trouble.    If only other stocks cld also provide me the same opportunities ..... Still, if I' d my wish, I' d rather not make from this baby now, but be able to hold it longterm for the recovery n growth  potential to bear fruit.  Sigh .....
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shyeo1223
Master |
16-Nov-2016 02:04
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I am definitely not selling my shares. 24 cents is super cheapskate. Fxxx the VWAP price. | ||||
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nooovva
Member |
15-Nov-2016 22:25
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Anyone else not tendering their Vard shares? |
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sheerluck
Supreme |
15-Nov-2016 14:44
Yells: "Work for your money first then let your money work for you" |
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Never tot you are a risktaker.   You still holding your 15cts lots?
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Qanghoo
Supreme |
15-Nov-2016 14:15
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Yesterday, I managed to jeep 40 lots at open, 235, ran at 245 shortly after, a bit of kppi lui.  Now hope for 23 or even 225 to see if can tan jiak a bit. 
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sheerluck
Supreme |
15-Nov-2016 14:06
Yells: "Work for your money first then let your money work for you" |
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Seems like shorts covered finished liao.   Now see if there are BBs who wants to challenge Fincentieri.   So far can' t see any.
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Cjsing
Member |
15-Nov-2016 11:04
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Ya. Sad to see such stuff when U deemed a potential company where your wealth is able to grow with them . Just hoping history will repeat itself like the year 2013 where they failed to delist themselves at 1.22 price if I still can rmemebered the price correctly.
My 2cents view on the stock having the capability to Bounce back to 80cents standing by 2018/2019 after collecting back all the remaining payments from the customers after completion of projects. Now I'm not too sure If I'm able to see that day . Hahaa
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nqing87
Supreme |
15-Nov-2016 07:54
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Lol as usual, insider trading.. share price chiong so much this 2 weeks prior to the offer.. | ||||
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Macqueen
Master |
15-Nov-2016 06:58
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Very disappointed to see all good company are delisting and moreover at a very Low price.
First class financial the greatest joke my 2 cent.
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Cjsing
Member |
15-Nov-2016 02:11
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They still gt a distance away to hit 90% and I believed majority will think the offer is far too low and also deemed this stock is a potential stock to keep .
The numbers in the latest financial statement also improved a lot in comparison to last year . |
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