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thanks for the info.
BraunB81 ( Date: 03-Jun-2019 16:39) Posted:
I think there is generally a very mis-informed public about how GO works or even how trading works. It is advisable to read u the rules and know-how of how trading of shares work before one starts trading. In an GO, even if a party holds > 90%, this party is able to choose whether to continue listing (by selling off some of his shares to make it < 90%) or if he chooses to hold > 90% the stock will be unlisted from SGX. It will not be a compulsory offer like the case of an Enbloc, shares work differently. So you can still continue to hold your share in the Company but the Company is not available for trading on SGX. So eventually your shares become a " fix deposit" and you only get dividends whenever Company declares dividend payout. At any time, anyone can make an offer to buy out your shares (though chances are slim) since it does not affect the > 90% holder much as their intention is just to make it untradeable to save on listing fees, the excessive regulations, and such. They may also choose to relist it on SGX or other stock exchanges at a better price eventually in future so if you have the holding power, you make your own decision. In general the stock price falls if GO fails but usually it falls because the offerer do not have over-whelming majority but for the case of Indofood, the situation may be different. Many other factors are also in play so there is no so call fix rules. Eventually it depends who are the parties playing this stock.
like2learn ( Date: 02-Jun-2019 22:22) Posted:
| thanks. |
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It could be genuine seller selling. If I am holding some shares and I don't know the 'rules', I might put them out to sell. If the offerer cannot buy due to 'rules', he can use his proxies. BBs play stocks with multiple accounts under different proxies. That is why even by the eve of a major announcement you can still see them playing.
BraunB81 ( Date: 03-Jun-2019 16:25) Posted:
I don' t know if you are aware how GO works but to share with you, so long as the offerer offers a price, they can only buy at the price unless they revise it. You decide for yourself if those queuing to sell are real sellers but if you know how this thing works, you will know who is at the selling queue.
AhLiang ( Date: 03-Jun-2019 14:17) Posted:
| Just look at the number of 0.33 queuing to sell we already know the privatisation will go through. The family don't even want to eat them. |
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I think there is generally a very mis-informed public about how GO works or even how trading works. It is advisable to read u the rules and know-how of how trading of shares work before one starts trading. In an GO, even if a party holds > 90%, this party is able to choose whether to continue listing (by selling off some of his shares to make it < 90%) or if he chooses to hold > 90% the stock will be unlisted from SGX. It will not be a compulsory offer like the case of an Enbloc, shares work differently. So you can still continue to hold your share in the Company but the Company is not available for trading on SGX. So eventually your shares become a " fix deposit" and you only get dividends whenever Company declares dividend payout. At any time, anyone can make an offer to buy out your shares (though chances are slim) since it does not affect the > 90% holder much as their intention is just to make it untradeable to save on listing fees, the excessive regulations, and such. They may also choose to relist it on SGX or other stock exchanges at a better price eventually in future so if you have the holding power, you make your own decision. In general the stock price falls if GO fails but usually it falls because the offerer do not have over-whelming majority but for the case of Indofood, the situation may be different. Many other factors are also in play so there is no so call fix rules. Eventually it depends who are the parties playing this stock.
like2learn ( Date: 02-Jun-2019 22:22) Posted:
thanks.
AttasBoss ( Date: 01-Jun-2019 19:19) Posted:
Offeror said this is the final price..
If they get 90% they can exercise the rights to compusalry purchase balances..
If they can't get 90% and remain listing, the price will free fall usually... |
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I don' t know if you are aware how GO works but to share with you, so long as the offerer offers a price, they can only buy at the price unless they revise it. You decide for yourself if those queuing to sell are real sellers but if you know how this thing works, you will know who is at the selling queue.
AhLiang ( Date: 03-Jun-2019 14:17) Posted:
| Just look at the number of 0.33 queuing to sell we already know the privatisation will go through. The family don't even want to eat them. |
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For me, money in my pocket is the safest. I sold on the very first day of the offer at 0.28 but that was also because my costs were below the offer price.
angry2 ( Date: 03-Jun-2019 14:40) Posted:
Is it better to accept the offer or sell in open market at 0.325?
What happen if they don' t get 90%? Will they still pay you? |
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Is it better to accept the offer or sell in open market at 0.325?
What happen if they don' t get 90%? Will they still pay you?
Just look at the number of 0.33 queuing to sell we already know the privatisation will go through. The family don't even want to eat them.
Will accept the offer with the revised price $0.3275 a share, small investors have not much choice.
KAMAL0883 ( Date: 29-May-2019 13:50) Posted:
high was $4++
if you didn' t bot at this price then consider a bit lucky
once they collected 90% and above then will auto delist from SGX like M1
if they are not lying that they are curretly holding 81% ++ then my advise to you is to accept their offer cos you cannot beat them for sure......
CheeryVGoh ( Date: 19-May-2019 12:20) Posted:
I didn' t accept the offer as bought many years ago at high price.
Can someone advise if I understand correctly offerer get 90Pct from those that they have not already owned, then they can take for us at S$0.28 under the law?
If they didn' t get 90pct, it means that counter will not be delisted and will most likely trade lower than $0.28?
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that' s why, don' t accept the revised offer.
by then the SGX revised rules kick in the company already privatise.
that' s why all companies which want to privatise all rushing to make offer
No more revised offer, but I' m not williing to give it to them cheap.....
There may be some upcoming changes at SGX for delisting companies, hopefully it will be protect the minority shareholders.
Wow!!! Move up wide.. any revised offer guys.
Not vested.
Don' t give in, cannot let them take advantage....
thanks.
AttasBoss ( Date: 01-Jun-2019 19:19) Posted:
Offeror said this is the final price..
If they get 90% they can exercise the rights to compusalry purchase balances..
If they can't get 90% and remain listing, the price will free fall usually...
like2learn ( Date: 01-Jun-2019 18:28) Posted:
| with the revised offer, i m inclined to accept, if not, probably will gena stuck. sigh .... any ideas ? |
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The net asset value is 79.8cts, so the offer is way too low. Hope independent valuer/s & SIAS will highlight this and help those vested to get a better price. Those vested should group up and make more noises at SIAS & SGX website. Good luck. I' m not vested.
Offeror said this is the final price..
If they get 90% they can exercise the rights to compusalry purchase balances..
If they can't get 90% and remain listing, the price will free fall usually...
like2learn ( Date: 01-Jun-2019 18:28) Posted:
| with the revised offer, i m inclined to accept, if not, probably will gena stuck. sigh .... any ideas ? |
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with the revised offer, i m inclined to accept, if not, probably will gena stuck. sigh .... any ideas ?
No I didn't buy. Now I know boss is always right. Congrats!
Now I can only lan lan hold on to my 500 lots of GAR and pray to God for the best.
AttasBoss ( Date: 31-May-2019 22:58) Posted:
Revision $0.3275
Hope u hv bought
AhLiang ( Date: 31-May-2019 06:31) Posted:
| Thanks for info. I think I should rush in. If you see someone buying 0.28 500 lots today that is me. If not, I am still thinking. |
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This rev can make them surrender to the Indonesian ? ..they said now take it or leave it the most I don't privatise and let the price come down like Tee Int.
whereru ( Date: 31-May-2019 14:03) Posted:
| Not the same... Indonesian businessman don' t care about shareholders in Singapore, they sup all the money and now want OUT! |
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Those who follow make an immediate 16.8% profit in weeks
AttasBoss ( Date: 11-May-2019 09:37) Posted:
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