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anyone has this one
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Secret_Squirrel
Elite |
03-Jan-2015 21:48
Yells: "Stay curious but skeptical" |
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After the AGM , both kws and jap side never make any purchase as there is no filing with sgx.so it was likely to be retsil investors buying.
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blitz99
Senior |
02-Jan-2015 23:49
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buying seems strong today. closed 30.5c |
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groovy
Member |
22-Dec-2014 18:18
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Sold some today. If go up bit more, will sell all. Not sure where this is going. |
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groovy
Member |
13-Dec-2014 15:29
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The share price obviously strengthen in anticipation of Koh making a move soon. However he has stayed quiet. Let' s see if the share price can continue to be supported next week. Once the rights are approved, those who don' t want to subscribe will be selling... You' re talking about a lot of $ here.... If you have 100 lots....need to fork out $10k :(
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Secret_Squirrel
Elite |
10-Dec-2014 19:39
Yells: "Stay curious but skeptical" |
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According to Forbes, KWS is Singapore' s 37th richest while the Jap guy is Japan' s 40th richest. The Jap guy has about $815 mil and KWS has $720 mil. Both have deep pockets. Since Japanese yen depreciated quite a lot, the Jap guy asset may also drop  .
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Sharemaker
Member |
09-Dec-2014 14:58
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Unless KWS state he is not subscribing, we do not know what will happen next. Both may only be just frontman for their own partners and neither teams will want to lose. IMO, KWS will still subscribe while planning the next step. And we can only monitor, follow these BBs and take profits or cut loss as necessary. No business rivalry is long-term. Who knows, they may even collaborate. That' s only my wishful thinking and thoughts.
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groovy
Member |
09-Dec-2014 14:03
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Many are like you...bought because of Koh. But this rights is definitely not to Koh' s liking. So what he does next will determine what many smaller shareholders like us will do too.
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Sharemaker
Member |
09-Dec-2014 13:16
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Yes, I will subscribe. If I see other substantial shareholders divested, I will follow asap. All these businessman has investment advisors better than us. I bought LCD slowly only when KWS and Aspiral is into it but ultimately with no takeover intention. I believe KWS will either divest or make his next step. As minority shareholders, we cannot know anything but to follow or divest if necessary.
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groovy
Member |
09-Dec-2014 00:58
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Sharemaker... are you planning to subscribe to the rights? |
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groovy
Member |
09-Dec-2014 00:39
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Koh single handedly drove up the shares from the teens to 30ct. Without him, the Lum would probably still be in charge and share price stuck down there. So pls remember that. Why does he stop at 23%, I don' t know. As for the Jap, a lot has been reported about them.... If you have missed out some newspp reports..read them here - http://www.stproperty.sg/articles-property/singapore-property-news/jtrust-should-bring-its-promises-for-lcd-to-pass/a/182909 http://www.timesbusinessdirectory.com/SingleNews.aspx?DirID=187& rec_code=976314 I have been holding this share for quite some time and not looking to buy more, rather hoping to sell. Still hoping for a GO but if this rights go ahead and the Jap continues to control with just 29.5% then I am getting out of here. Soon we will know.....good luck!
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Sharemaker
Member |
09-Dec-2014 00:09
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If KWS want to takeover, he can openly declare it at any time even right up to this minutes. Do you think he is selfless and will protect the minority? One have to be realistic he only want to pay the lowest price when he upp his stakes slowly during the LUM offer. Since the Jap also has substantial stakes, it is their rights to protect their own interest by making any takeover difficult and expensive. Nothing wrong with such tactics. Failure of any company do not depend on such stakes. No one will destroy their own investment. All businessman are predator and chamelon themselves. Who know the next AGM he will muster enough support to be elected or he may divested out. I am staying vested for further development. You can decide your own or are you trying to fish the bottom?
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groovy
Member |
08-Dec-2014 19:56
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If there are two giants trying to outdo each other, it is not going to be good. Best scenario is one party holds majority shares and steer the company forward. From the voting during the AGM, it is clear the two parties do not get along. And this rights is created by the Jap to ensure Koh doesn' t do a takeover.....or anyone. It is for their own benefit. Can you name me a successful company where the two biggest shareholders hold almost equal votes? |
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Sharemaker
Member |
08-Dec-2014 16:05
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Whether the company will convert it eventually depending on the business during the 5 years period. They may want to redeem the bond via raise another fund/borrowings or internal funds to payout. With KWS and Jap having almost near to 30%, if either 1 party redeem the RCB via share conversion, they need to bid according to SGX. If both have deep pocket, they may do it else it is not likely to happen. Who know what is their mind. Maybe they may even cooperate with each other later if they find benefits. Nothing is right and wrong in business tactics. Still minority shareholders won' t be worse with the 2 big players. That' s just thinking. You are entitled to your opinion. No need to agree or disagree on it. |
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groovy
Member |
08-Dec-2014 15:19
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If the bonds are not converted, the money has to be refunded to the bond holders at the end of the period. If LCD doesn' t have the money then how? If the bond holders choose to convert to shares, you are looking at an additional 420mil shares issued at 25ct. It will be a major overhang!! This RCB is clearly just to benefit the Jap at the expense of small shareholders like us. Appear like they are lending money to the company but in fact buying an insurance....if company does well...they will convert and become majority shareholder. If not good, ask money back and run road. So I don' t agree with you.....
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Sharemaker
Member |
08-Dec-2014 11:46
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The RCB will benefit the minority shareholders as the raise funds use to enhance and expand the assets that will add value without diluting the share base for 5 years since both major shareholders dare not convert to avoid bidding up. If either 1 parties dump during this period, they have more to lose than any of us. Moreover, Jap will subscribe for any excess and this means they are serious in this company. IMO, just hold firm. |
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groovy
Member |
07-Dec-2014 18:05
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They have never had the intention to takeover. But now they are trying to stop others from doing so.
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chinton86
Master |
07-Dec-2014 16:02
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Buying up RCB means they will not need to annouce a takeover offer while in control of the company. |
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groovy
Member |
07-Dec-2014 15:24
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Bond issue normally won' t affect share price but in this case, they are convertible so some may be worried about future dilution. So I think we should see some weakness next week. Also by letting the price drop lower, the Jap can mop up all the RCB. I think that' s what they want to achieve.
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JDAmateur
Member |
07-Dec-2014 13:10
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Thks groovy, do you think the share price will drop coming Monday, what' s your advise ?? Should I sell ?? Many thanks
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groovy
Member |
06-Dec-2014 16:12
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The Jap has just awarded themselves with an option to buy more shares at 25c. As long as the bonds are not converted to shares,there will be no dilution. The Jap is not going to convert because it will trigger a general offer as they hold 29.5% now. This bond is to stop Koh from doing a takeover in the next 5 years. Let' s see if Koh will do anything to stop the Jap.
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