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Dyna mac
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Yanhuo
Member |
15-Oct-2024 10:30
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The Estate made following statement : The Estate holds a number of the abovementioned warrants. It is the intention of the Estate to exercise the warrants that it holds prior to the Warrant Exercise Deadline. In order to avoid such exercise of warrants triggering an obligation on the Estate to make a mandatory general offer for Dyna-Mac, the Estate will need to divest of a portion of its shares before exercising its warrants. The Estate remains steadfast in its belief in the growth potential of Dyna-Mac. My view: While the Estate can see they potentially becoming The Kingmaker, they should also look after the interest of minority shareholders. |
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Joelton
Supreme |
15-Oct-2024 10:21
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Hanwha Group announces &lsquo final offer&rsquo of 67 cents for Dyna-Mac
Hanwha Group has revised its offer for Dyna-Mac&rsquo s shares to 67 cents up from 60 cents previously.
The latest offer price exceeds all of Dyna-Mac&rsquo s closing share prices for the last 10 years including Sept 10, notes Hanwha&rsquo s statement dated Oct 14.
The offer is final, with Hanwha stressing that it does not intend to increase or revise the figure.
&ldquo In the event the offer is not successful, there is no assurance that [Dyna-Mac]&rsquo s share price will remain at current prevailing levels or that shareholders will be able to monetise their shares at the final offer price,&rdquo the group warned.
The 67-cent offer represents a premium of 584.4% over Dyna-Mac&rsquo s net asset value (NAV) of 9.79 cents as at June 30. It is also over 14 times the diluted earnings per share (EPS) for the 12 months ended June 30.
Furthermore, Hanwha&rsquo s latest offer represents an 18.6% premium to Dyna-Mac&rsquo s one-month volume weighted average price (VWAP) and 27.4%, 44.4% and 67.5% to the latter&rsquo s three-, six- and 12-month VWAPs.
Hanwha&rsquo s offer closes at 5.30pm on Nov 6.
Hanwha first announced its intention to buy over the shares it does not own in Dyna-Mac on Sept 11. At the time, the Korean-listed conglomerate offered 60 cents, which did not sit well with investors and analysts, including the estate of Dyna-Mac' s founder, chairman and CEO, the late Desmond Lim Tze Jong.
On Sept 23, the estate issued a statement saying Hanwha' s offer did not " adequately reflect" the Mainboard-listed company' s value and growth potential offer. The estate then followed up on Oct 10, noting that the offer was not " compelling" .
In April this year, Hanwha made an unsolicited, conditional and non-binding indicative proposal to acquire Austal' s shares at A$2.825 apiece. The Australian-listed shipbuilder had rejected the A$1.02 billion takeover offer as it said that the offer was unlikely to be approved by Australian and US regulators due to the nature of Austal' s business. Austal is also the defence prime contractor for the Australian and US Navy. The bid was dropped by Hanwha in September.
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Joelton
Supreme |
15-Oct-2024 10:18
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Hanwha Group announces &lsquo final offer&rsquo of 67 cents for Dyna-Mac
Hanwha Group has revised its offer for Dyna-Mac&rsquo s shares to 67 cents up from 60 cents previously.
The latest offer price exceeds all of Dyna-Mac&rsquo s closing share prices for the last 10 years including Sept 10, notes Hanwha&rsquo s statement dated Oct 14.
The offer is final, with Hanwha stressing that it does not intend to increase or revise the figure.
&ldquo In the event the offer is not successful, there is no assurance that [Dyna-Mac]&rsquo s share price will remain at current prevailing levels or that shareholders will be able to monetise their shares at the final offer price,&rdquo the group warned.
The 67-cent offer represents a premium of 584.4% over Dyna-Mac&rsquo s net asset value (NAV) of 9.79 cents as at June 30. It is also over 14 times the diluted earnings per share (EPS) for the 12 months ended June 30.
Furthermore, Hanwha&rsquo s latest offer represents an 18.6% premium to Dyna-Mac&rsquo s one-month volume weighted average price (VWAP) and 27.4%, 44.4% and 67.5% to the latter&rsquo s three-, six- and 12-month VWAPs.
Hanwha&rsquo s offer closes at 5.30pm on Nov 6.
Hanwha first announced its intention to buy over the shares it does not own in Dyna-Mac on Sept 11. At the time, the Korean-listed conglomerate offered 60 cents, which did not sit well with investors and analysts, including the estate of Dyna-Mac' s founder, chairman and CEO, the late Desmond Lim Tze Jong.
On Sept 23, the estate issued a statement saying Hanwha' s offer did not " adequately reflect" the Mainboard-listed company' s value and growth potential offer. The estate then followed up on Oct 10, noting that the offer was not " compelling" .
In April this year, Hanwha made an unsolicited, conditional and non-binding indicative proposal to acquire Austal' s shares at A$2.825 apiece. The Australian-listed shipbuilder had rejected the A$1.02 billion takeover offer as it said that the offer was unlikely to be approved by Australian and US regulators due to the nature of Austal' s business. Austal is also the defence prime contractor for the Australian and US Navy. The bid was dropped by Hanwha in September.
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Yanhuo
Member |
15-Oct-2024 09:43
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Noticed X-trade close to 2.5m shares early opening....again Suspect these could be bullets for shorts Just highlighting to see if any effect...compare to short sell report later evening |
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Giant8888
Senior |
15-Oct-2024 09:35
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Market waits for Limco and MUJ responses as well as IFA recommendations and may hover around the current tight range ( which is weird to me). I suppose could be due to warrant exercise or market thinks there are still substantial weak holders willing to get out at 0.655. Let watch further
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Giant8888
Senior |
15-Oct-2024 09:22
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This is rare opportunity for arbitrage traders to swoon in to grab 0.66 and make 0.01 cts per lot. Market is always efficient
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Yanhuo
Member |
15-Oct-2024 09:19
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Those buying warrants today or still holding warrants be warned.... Tomorrow 16/10/24 warrants will be DELISTED.....no more trading for warrants If you buy warrants now, you either sell later today or convert them into mother shares before 22/10/24 |
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Giant8888
Senior |
15-Oct-2024 09:14
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I am surprised the price does not even hit 0.67. I wonder whether Lim estate selling some shares around 0.635 affected the sentiment. Anyway 0.67 is guaranteed.. so just grab any price below that. Downside risk is minimal
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Yanhuo
Member |
15-Oct-2024 09:10
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Invisible hand could be pressing to make the offer look attractive
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WongCL
Member |
15-Oct-2024 09:07
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How come SP never moves? Market expect offer to fail? | ||||
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ysh2006
Supreme |
15-Oct-2024 08:53
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If no deal those accepted and send out will be "bang boss" loh must well sell on open market..
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Yanhuo
Member |
15-Oct-2024 08:44
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This is the current situation 0.67 replaces 0.6 as the final offer. If you accepted earlier to sell at 0.6....it will be uprageded automatically to 0.67 Hanwha said 0.67 is the final offer.....take it or leave it ...... no further offer If 0.67 acceptance level does not meet Hanwha expectation by 6/11/24, no deal then. If no deal in the end....those who accepted the offer be it 0.6 or 0.67 will not get paid. |
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Yanhuo
Member |
15-Oct-2024 07:41
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Fellows minority shareholders, We have been threatened, short sellers are grinning to repeat the Friday 11/10 episode... Please use your media connections to report dillemma we face to self defense. All we want is a well informed level playing field....not any unrealistic selling price |
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Yanhuo
Member |
15-Oct-2024 07:29
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By self declaring the The Kingmaker......The Estate is expected to level the playing field. Market is still in the dark, motivation behind Mitsubishi UFJ increasing its share holding. Very often, minority shareholders are victimise for not knowing enough to self defense. On the other hand, if MUFJ were to come forward to self-declare your position in this takeover.... That would be excellent and an exemplary move to treat your little shareholding brothers and sisters fairly. |
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Yanhuo
Member |
15-Oct-2024 07:20
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This threat is REAL... Do not let Friday sell down episode to replay as we approache 6th of November
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Yanhuo
Member |
15-Oct-2024 07:13
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Fellows minority shareholders, The way to self defense is to press for more information from the The Estate, Management, MUFJ. Please use your media connection to report that minority shareholders are being threatened and the dilemma we face lacking information such as motivation of MUFJ.
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Yanhuo
Member |
15-Oct-2024 07:01
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This is Hanwha warning statement in their final offer : In the event the Offer is not successful, there is no assurance that the share price will remain at current prevailing levels or that shareholders will be able to monetise their Shares at the Final Offer Price. |
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jlinus
Senior |
15-Oct-2024 07:00
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What do you mean by fallback?
The fair value now is .67cents
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Yanhuo
Member |
15-Oct-2024 06:46
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Update on Acceptances of Hanwha Offer Before offer : 282,859,400 shares (23.97%) As of 6pm on 14/10/24 : 284,247,110 shares (24.09%) Only manage to acquire 1,387,710 shares (0.12%) as of 14/10/24 (yesterday) https://investor.dyna-mac.com/newsroom/20241014_230408_NO4_A2DNTC1PHTH9R9IE.1.pdf |
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SmallSmall
Supreme |
15-Oct-2024 06:45
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Do note the offer is CONDITIONAL and once it lapsed (if you did not take up the offer), the price will drift back. You can say whatever you want about the offer being low etc, but the fact remains that the price will fall back once the offer is over unless it becomes unconditional and they cross 90% in which it becomes a privatization exercise. |
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