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M1
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john_ric
Supreme |
28-Sep-2018 12:29
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ya. that is why the bloc of sph+kepp buying at 2.10 . you see they offer at 2.06 which is dirt cheap ( keep in mind those loyal old timer bought at 3.x to 4.x) and buying from market at a slightly higher price. they are the ones who are laughing all the way to DBS bank.   |
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danger
Supreme |
28-Sep-2018 12:14
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Assuming Axiata, which has a 28% stake in M1, is the only shareholder to reject the offer, the the deal will still go through. It will result in Keppel and SPH jointly owning 72% of M1 via the offering company, Konnectivity.
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danger
Supreme |
28-Sep-2018 12:12
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All who got slaughtered with massive loss all the way down to about $1.50 ..will not hesitate to sell and cut loss at nearly 40% premium offered | ||||
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danger
Supreme |
28-Sep-2018 12:09
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If Axiata rejects the pre-conditional voluntary general offer (VGO) by Keppel and SPH to acquire M1 at $2.06 per share, the deal still goes through as it takes another effective 18% from the market to gain 51%,
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Puppylearn
Senior |
28-Sep-2018 11:49
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😢 I sold $1.60 early this month Should sell now, at least only lose the Gucci bag not LV bag | ||||
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MichaelSchenker
Master |
28-Sep-2018 11:30
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haha...... you are right! Did not turn out the way I thought, so would probably not chase, at least not now.
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sengsk
Elite |
28-Sep-2018 10:30
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Haha, Nothing for such as No Sense. Let join in the trend and let the reality be realistic.  Dun goes against own wish as we can' t change the greatest force. Have a nice day and have a enjoyable trading.
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genting^2
Master |
28-Sep-2018 09:42
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starhub debts is scary
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john_ric
Supreme |
28-Sep-2018 09:41
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lousy guess
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alfckf
Member |
28-Sep-2018 09:34
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My take is to focus on Starhub being a bigger Telco than M1 is price lower than M1 now. make more sense. The market will adjust itself. Make no sense that M1 above $2 and Starhub below $2.   |
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genting^2
Master |
28-Sep-2018 09:24
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I won' t be selling now. I will wait for Axiata offer. Even if they don' t offer with SPH+Keppel only wanting 50% , and it won' t be delisted, the future of M1 is very bright. electricity+oIl+media+internet. everything can cross sell.   |
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Sgvale
Supreme |
28-Sep-2018 09:23
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If Axiata offer higher than what SPH & Keppel offered at $2.10. SPH & Keppel should sell their holdings to Axiata. | ||||
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gopguppy
Veteran |
28-Sep-2018 09:17
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Strong buy queue at prices above $2.06? Market expects higher bid?? The ball is squarely in Axiata' s court now. They need to act quickly. Otherwise a lot of investors buying now will be disappointed. |
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genting^2
Master |
28-Sep-2018 09:14
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2.10 | ||||
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MichaelSchenker
Master |
28-Sep-2018 08:26
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Moving on...what will be today s opening price? I hazard a guess at 1.95 Whatever, I think not too late to buy, should have some bones left. However, if Axiata refused to sell or   counter offer, M1 will continue to stay listed, and price may eventually drop back to.....say, 1.7+ level, but would probably be more than 6 months later |
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Qanghoo
Supreme |
28-Sep-2018 00:42
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Haha, sell lah.  Just like QLC played NTF into buying over YHS at a high px some yrs back.    Interesting drama unfolding .....
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gopguppy
Veteran |
27-Sep-2018 21:51
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Yes let us hope for too. The report below says Axiata as resources to bid up to S$2.50 per share. https://www.channelnewsasia.com/news/business/axiata-likely-to-reject-offer-from-keppel-and-sph-for-m1-source-10763276
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BillionX
Senior |
27-Sep-2018 21:24
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Well we can all hope for a better offer from Axiata. | ||||
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gopguppy
Veteran |
27-Sep-2018 20:26
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But before the 50% is reached, if Axiata makes a higher counter offer, what will KC/SPH do? Sell or offer more? This is indeed the real acid test.
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gopguppy
Veteran |
27-Sep-2018 19:49
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Axiata Will Continue to Evaluate All Options Available for Our Stake in M1 Limited2018-09-27 Kuala Lumpur, 27 September 2018 &ndash Axiata Group Bhd (&ldquo Axiata&rdquo or the &ldquo Company&rdquo ) refers to the pre-conditional offer announcement made by Konnectivity Pte. Ltd. (the &ldquo Offeror&rdquo ), a  company jointly owned by Keppel Corporation Limited and Singapore Press Holdings Limited, to make a voluntary conditional general offer (the &ldquo Offer&rdquo ) for all the issued and paid up ordinary shares in the capital of M1 Limited (&ldquo M1&rdquo ) as well as our media announcements dated September 24, 2018 and September 26, 2018. The Company has been clear in our position that the Offer should reflect the accurate future value of M1 (inclusive of an acceptable control premium), consistent with market standards. Hence, the above shall be the primary bases for Axiata to review the Offer together with other considerations, including but not limited to, comparable premium on precedent transactions within the Asean market, M1&rsquo s historical trading trend whereby the price has been depressed for more than a year vis a vis its true value potential, long-term growth potential, and future competitive outlook. We will continue reviewing all options available to us in relation to our shares in M1, with the sole objective of vigorously protecting and enhancing shareholders&rsquo value of both Axiata and M1, the latter via our Board representation |
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