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M1
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TanSiBeiKu
Senior |
27-Sep-2018 10:05
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SINGAPORE - Singapore Press Holdings (SPH), together with Keppel Corp, will be making a pre-conditional voluntary general offer of $2.06 per share for the remaining M1 shares they do not own, valuing Singapore' s third-largest mobile operator at $1.9 billion. | ||||
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pasttime
Supreme |
27-Sep-2018 09:44
Yells: "gold silver are real money. not others iou." |
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ok deal but still below price where it was push to past 2.2 during last rumour of sell out. |
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MichaelSchenker
Master |
27-Sep-2018 09:43
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Trading Halt max 3 days. Otherwise mandatory suspension. M1 should resume trading soon together with SPH and KCL
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guards80
Supreme |
27-Sep-2018 09:42
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For each Offer Share: S$2.06 in cash (the &ldquo Offer Price&rdquo ). | ||||
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gopguppy
Veteran |
27-Sep-2018 09:40
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The sources said Axiata was also open to teaming up with overseas partners to buy out Keppel and SPH&rsquo s stakes if a potential offer from Keppel and SPH did not meet its expectations. Latest news from Axiata: https://www.reuters.com/article/m1-ma-axiata-group/update-1-keppel-sph-look-to-up-stake-in-singapore-telco-m1-sources-idUSL4N1WC3PN |
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gopguppy
Veteran |
27-Sep-2018 09:35
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I dont think Axiata will sell to them. So they need the extra 20% of shares (to make up from ther existing 30% to 50%) from the share holders. So we shareholders need to be resolute. Will trading be halted till Mar 2019?? |
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MichaelSchenker
Master |
27-Sep-2018 09:34
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Moving on........ At 2.06, there could be a reasonable possibility the Axiata (28%) may not agree. That is why KCL/SPH anticipating Axiata may be forced to counter offer. 1st step is for all existing minority holders to stand together with 28% Axiata. Up against KCL/SPH 32% M1 will likely open at about $2.00. Time to load or add?
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cann777
Member |
27-Sep-2018 09:31
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how bro? 1st offer $2.06 liao leh... hahahahahah
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cann777
Member |
27-Sep-2018 09:25
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i looking at 2.3-2.5 region, at least something......... bear in mind, there are people who are stucked high high, at least $3 and above
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gopguppy
Veteran |
27-Sep-2018 09:22
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$2.06 is way too low....I will not sell. Keppel and SPH are trying to take advantage of price weakness. Axiata is trying to fight for FUTURE price. So hope it ill up the offer significantly.
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cann777
Member |
27-Sep-2018 09:12
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its way too low, wait for axiata to join in the game.... hahahaha
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SmallSmall
Supreme |
27-Sep-2018 09:10
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PRE-CONDITION TO THE MAKING OF THE OFFER
$2.06
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cann777
Member |
27-Sep-2018 09:09
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offer price 2.06, pls refer to SGX for announcements.. :) | ||||
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cann777
Member |
27-Sep-2018 09:02
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i have the same thoughts too
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cann777
Member |
27-Sep-2018 08:36
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hehe, by doing this, they offer u 2.2 per share it looks way more attractive and they can still get it cheap at 2.2 a share 2.2 - M1 is 2billion dollar worth.
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cann777
Member |
27-Sep-2018 08:34
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mandatory they will need to have > 90% shares on hand, which they dont... so i tink it will be an GO 1st, can dont accept if price doesnt suits u. once they collected > 90%, u dun have a choice but to accept. it becomes unconditional. usually they will use median price and give on top of that a premium... let me quote keppel land as an example: last traded price 3.64 1st offer to privatise : 4.3 they up the offer to 4.6 finally got > 90% to privatise it.
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gopguppy
Veteran |
26-Sep-2018 23:18
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Assuming there is a mandatory general offer by Keppel/SPH, can investors not sell their shares if the price is too low? What is the threshold? 90%? | ||||
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gopguppy
Veteran |
26-Sep-2018 22:24
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Axiata has appointed a financial adviser to review various options available to Axiata with the sole objective that the company continues to vigorously protect and enhance shareholders' value of both Axiata and M1" . https://www.channelnewsasia.com/news/business/malaysia-s-axiata-reviews-position-in-m1-after-keppel-sph-10760500
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john_ric
Supreme |
26-Sep-2018 21:10
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Clever. dump and pick up acquire cheap. | ||||
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guards80
Supreme |
26-Sep-2018 19:46
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SPH, Keppel said to mull buyout of S$1.51b Singapore telco M1http://www.businesstimes.com.sg/companies-markets/sph-keppel-said-to-mull-buyout-of-s151b-singapore-telco-m1 |
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