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xtraderx Veteran	20-Jul-2017 16:23        xtraderx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Eng hock joseph lim is the name of Peter Lim' s investment vehicle, he owns rowsley thru it. I think the warrants are there to help the company raise cash, peter lim owns most of the company so he will have to stump most of the cash if this trades above 9c, I think thats the appeal. timothylim890      ( Date: 20-Jul-2017 16:05) Posted: Yes of course, I' d missed out that option. He could find a handful of investors to swallow that 40% and still maintain control of Rowsley while pocketing $6b. I have to say it' s a shrewd deal. I just have two questions: 1) What kind of deal did he have to cut with Joseph Lim (45% shareholder of Rowsley) to pull this off? 2) Why did Rowsley decide to issue 2 rounds of bonus warrants after issuing 25.3b shares to pay for TMC? Seems to be the only purpose is to transfer ownership from Joseph Lim to Peter Lim. xtraderx      ( Date: 20-Jul-2017 16:02) Posted: Or he could sell some to another investor, I don' t think he will dump his shares in the open market, no way the market can digest that many shares without crashing
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choong Senior	20-Jul-2017 16:20        choong About Contact  Quote this Post!
x 0   x 0  Alert Admin	last push to 20
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alexchew Master	20-Jul-2017 16:10        alexchew About Contact  Quote this Post!
x 0   x 0  Alert Admin	chase the bubble guys... get burst and come down soon in no time.
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ben_kieran Member	20-Jul-2017 16:05        ben_kieran About Contact  Quote this Post!
x 0   x 0  Alert Admin	what was that someone who said something about 4pm? Any specific news to indicate such a timing? mysterytrade      ( Date: 20-Jul-2017 16:04) Posted: Here we go...... :) mysterytrade      ( Date: 20-Jul-2017 14:58) Posted: Sit tight for another wave to test 20c!
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timothylim890 Veteran	20-Jul-2017 16:05        timothylim890 About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	Yes of course, I' d missed out that option. He could find a handful of investors to swallow that 40% and still maintain control of Rowsley while pocketing $6b. I have to say it' s a shrewd deal. I just have two questions: 1) What kind of deal did he have to cut with Joseph Lim (45% shareholder of Rowsley) to pull this off? 2) Why did Rowsley decide to issue 2 rounds of bonus warrants after issuing 25.3b shares to pay for TMC? Seems to be the only purpose is to transfer ownership from Joseph Lim to Peter Lim. xtraderx      ( Date: 20-Jul-2017 16:02) Posted: Or he could sell some to another investor, I don' t think he will dump his shares in the open market, no way the market can digest that many shares without crashing. timothylim890      ( Date: 20-Jul-2017 15:55) Posted: My earlier calculations showed that PL would hold 91% of the 150b shares of Rowsley (post bonus warrants). Since he doesn' t need that much and 20% needs to be in public hands, he could dispose of a 40% stake and reduce his holding to 51%. That 40% stake could be worth $6.1b based on my market capitalization calculation of $15.3b post bonus warrants. Essentially, Peter Lim can kill two birds with one stone: 1) Take TMC public via Rowsley, 2) Flip his ' extra' shares for $6.1b. He' ll flood the market and stock price will tank but that' s not really his problem is it? $6.1b in pocket
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mysterytrade Member	20-Jul-2017 16:04        mysterytrade About Contact  Quote this Post!
x 0   x 0  Alert Admin	Here we go...... :) mysterytrade      ( Date: 20-Jul-2017 14:58) Posted: Sit tight for another wave to test 20c!
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xtraderx Veteran	20-Jul-2017 16:02        xtraderx About Contact  Quote this Post!
x 0   x 0  Alert Admin	Or he could sell some to another investor, I don' t think he will dump his shares in the open market, no way the market can digest that many shares without crashing. timothylim890      ( Date: 20-Jul-2017 15:55) Posted: My earlier calculations showed that PL would hold 91% of the 150b shares of Rowsley (post bonus warrants). Since he doesn' t need that much and 20% needs to be in public hands, he could dispose of a 40% stake and reduce his holding to 51%. That 40% stake could be worth $6.1b based on my market capitalization calculation of $15.3b post bonus warrants. Essentially, Peter Lim can kill two birds with one stone: 1) Take TMC public via Rowsley, 2) Flip his ' extra' shares for $6.1b. He' ll flood the market and stock price will tank but that' s not really his problem is it? $6.1b in pocket. xtraderx      ( Date: 20-Jul-2017 15:47) Posted: My calculations are correct. He holds 2.1b shares now, he will hold 27.4b out of the 30b shares total new shares after the deal. Thats 91%. I don' t know how thats going to work in the end, but the numbers are correct
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timothylim890 Veteran	20-Jul-2017 15:55        timothylim890 About Contact  Quote this Post! Style: Fundamental
x 0   x 0  Alert Admin	My earlier calculations showed that PL would hold 91% of the 150b shares of Rowsley (post bonus warrants). Since he doesn' t need that much and 20% needs to be in public hands, he could dispose of a 40% stake and reduce his holding to 51%. That 40% stake could be worth $6.1b based on my market capitalization calculation of $15.3b post bonus warrants. Essentially, Peter Lim can kill two birds with one stone: 1) Take TMC public via Rowsley, 2) Flip his ' extra' shares for $6.1b. He' ll flood the market and stock price will tank but that' s not really his problem is it? $6.1b in pocket. xtraderx      ( Date: 20-Jul-2017 15:47) Posted: My calculations are correct. He holds 2.1b shares now, he will hold 27.4b out of the 30b shares total new shares after the deal. Thats 91%. I don' t know how thats going to work in the end, but the numbers are correct. ahhuat08      ( Date: 20-Jul-2017 15:37) Posted: Assuming ur calculations is correct, but sgx' s regulation is such that no one party can hold more than 90% of the shareholdings of any public listed firm. At least 20% of the shares must be in public hands. If PL holds more than 90% of the company, its mandatory to suspend the company
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ahhuat08 Elite	20-Jul-2017 15:54        ahhuat08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Noted xtraderx      ( Date: 20-Jul-2017 15:47) Posted: My calculations are correct. He holds 2.1b shares now, he will hold 27.4b out of the 30b shares total new shares after the deal. Thats 91%. I don' t know how thats going to work in the end, but the numbers are correct. ahhuat08      ( Date: 20-Jul-2017 15:37) Posted: Assuming ur calculations is correct, but sgx' s regulation is such that no one party can hold more than 90% of the shareholdings of any public listed firm. At least 20% of the shares must be in public hands. If PL holds more than 90% of the company, its mandatory to suspend the company
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xtraderx Veteran	20-Jul-2017 15:47        xtraderx About Contact  Quote this Post!
x 0   x 0  Alert Admin	My calculations are correct. He holds 2.1b shares now, he will hold 27.4b out of the 30b shares total new shares after the deal. Thats 91%. I don' t know how thats going to work in the end, but the numbers are correct. ahhuat08      ( Date: 20-Jul-2017 15:37) Posted: Assuming ur calculations is correct, but sgx' s regulation is such that no one party can hold more than 90% of the shareholdings of any public listed firm. At least 20% of the shares must be in public hands. If PL holds more than 90% of the company, its mandatory to suspend the company. xtraderx      ( Date: 20-Jul-2017 15:14) Posted: 37.5c would make this a 30b company. Of course nothing is impossible but this comes pretty close to that. This is way overvalued but remember that peter lim will own ~90% of the company after the deal is completed, existing free float is only about 1b shares now, it will amount to less than 4% of total shares after the deal, BBs can easily buy up everything and bankrupt kateks.
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chanbs Elite	20-Jul-2017 15:47        chanbs About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yesterday closing drop almost 10 pips no covering of shorts ?
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ahhuat08 Elite	20-Jul-2017 15:37        ahhuat08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Assuming ur calculations is correct, but sgx' s regulation is such that no one party can hold more than 90% of the shareholdings of any public listed firm. At least 20% of the shares must be in public hands. If PL holds more than 90% of the company, its mandatory to suspend the company. xtraderx      ( Date: 20-Jul-2017 15:14) Posted: 37.5c would make this a 30b company. Of course nothing is impossible but this comes pretty close to that. This is way overvalued but remember that peter lim will own ~90% of the company after the deal is completed, existing free float is only about 1b shares now, it will amount to less than 4% of total shares after the deal, BBs can easily buy up everything and bankrupt kateks.   dingbat      ( Date: 20-Jul-2017 14:53) Posted: " It will fund the purchase by issuing Mr Lim new shares at 7.5 cents each. Rowsley' s share base will balloon to five times what it is now." Why everybody' s TP so different huh? ST estimate is abt 37.5 cents
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Wind22i Supreme	20-Jul-2017 15:26        Wind22i About Contact  Quote this Post!
x 0   x 0  Alert Admin	I wonder when will sgx issue query to rowsly or perhaps peter lim..? Its unusual trading activity
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ahhuat08 Elite	20-Jul-2017 15:16        ahhuat08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Wow, today' s volume has surpassed yesterday' s already, must be the news from sph that has driven to such dizzy heights.
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xtraderx Veteran	20-Jul-2017 15:14        xtraderx About Contact  Quote this Post!
x 0   x 0  Alert Admin	37.5c would make this a 30b company. Of course nothing is impossible but this comes pretty close to that. This is way overvalued but remember that peter lim will own ~90% of the company after the deal is completed, existing free float is only about 1b shares now, it will amount to less than 4% of total shares after the deal, BBs can easily buy up everything and bankrupt kateks.   dingbat      ( Date: 20-Jul-2017 14:53) Posted: " It will fund the purchase by issuing Mr Lim new shares at 7.5 cents each. Rowsley' s share base will balloon to five times what it is now." Why everybody' s TP so different huh? ST estimate is abt 37.5 cents xtraderx      ( Date: 20-Jul-2017 14:41) Posted: Should go above 20c easily, just to blow up all the shorts.
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chanbs Elite	20-Jul-2017 15:12        chanbs About Contact  Quote this Post!
x 0   x 0  Alert Admin	Where are we now, sgyuan ? Long BBs here instead of at Noble  SgYuan      ( Date: 20-Jul-2017 13:33) Posted: Becareful, distribution
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MichaelSchenker Master	20-Jul-2017 15:11        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today' s high 198 vivacious      ( Date: 20-Jul-2017 15:06) Posted: cannot chase..think this will be shot down soon
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ahhuat08 Elite	20-Jul-2017 15:11        ahhuat08 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Seriously nobody  can foretell  the injection news lar, golden_SGX      ( Date: 20-Jul-2017 15:00) Posted: it took shortists more than 20 months to push down to 0.065 ... it took longists only 2 days to push it back up !
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vivacious Supreme	20-Jul-2017 15:06        vivacious About Contact  Quote this Post!
x 0   x 0  Alert Admin	cannot chase..think this will be shot down soon
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choong Senior	20-Jul-2017 15:03        choong About Contact  Quote this Post!
x 0   x 0  Alert Admin	from 198 shot down to 186 xtraderx      ( Date: 20-Jul-2017 15:01) Posted: Stalled just below 20c, BBs are cunning.
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