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1. Did not happen does not equate to will not happen. Who knows what is ongoing unofficially
2. Fuyu may have already been priced into the takeover price at previous discussions, but waiting for official approval before a binding offer is in place may not result in higher valuation. Seller also not stupid to accept a rushed-in offer price that excludes FUYU
3. If only all BB collect stocks using only one account
Anyway these are all speculation, everyone can have his/her own opinion
AldarSorouh ( Date: 22-Jun-2014 10:58) Posted:
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1. Potential acquiror can just submit a letter of intent and conduct a due diligence of RH' s assets (in order to have a better understanding of the assets) before submitting a binding offer RH can then negotiate for a higher price upon receiving the offer
-> this did not happen
2. Waiting for the Fuyu announcement will only result in a higher valuation
-> a rational acquiror will likely want to buy low and hence rush to submit an offer the fact that no offer was made is worrying
3. Collect from the market?
-> We would have seen a new substantial shareholder by now if their stake were to be more than 5% a serious acquiror and its concert parties would have to disclose their stakes
Tiptip ( Date: 22-Jun-2014 08:47) Posted:
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If I' m not wrong, I think it' s best practice to make a follow up announcement no longer than 30 days after the initial announcement of a takeover. Last Friday 19 June was exactly 30 days after the initial announcement on 20 May 2014, so I don' t think it was done intentionally to ' scam' the market as some may imagine, in fact it may be the contrary.
Anyway the announcment update didn' t say the deal is dead, it just said factually that there was no progress within the last 30 days, which can mean a few things (I imagine):
1) Major shareholders asking for a higher price and buyer taking long time to consider and/or doing their assesment work
2) Buyer wants to wait for FUYU approval before making official offer
3) Takeover premium over current market price is high so buyer wants to collect enough from market before sealing the deal
Anyway there were several research reports that say the company' s assets on its own without a takeover is already worth more than 90 cents per share, and there is still FUYU to look forward to by end of 1st half 2014 (which is just a few days more) according to the company' s announcement on 9 May 2014. On top of that, there is also the ongoing Iraq tensions which media has reported is good for O& G stocks so look out for heard instincts there too.
I don' t think there are too much free float shares in the market, so if there are shorts or drop on Monday, it may present an opportunity for those who did not buy before the previous announcement to be vested.
The above are just my own guess, please trade with your own judgement and research.
Will it drop on Monday ? It might not be , sometimes , it will go up further
So now back to fundamentals......4500 barrels of oil /day........drop how much come Monday????
john_ric ( Date: 21-Jun-2014 10:57) Posted:
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Another scam
uh oh...
WanSiTong ( Date: 21-Jun-2014 06:30) Posted:
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Published June 21, 2014
No further talks on potential takeover, says RH Petrogas
Singapore
RH PETROGAS, which a month ago disclosed that an investor had approached its controlling shareholders for a potential takeover of the company, said yesterday that there have been no further discussions or progress on the matter since then.
The upstream oil and gas company said in its announcement yesterday: " Although the potential investor has previously expressed interest in investing in the company, the controlling shareholders have to-date not received any offer nor indication of terms thereof from the potential investor."
On May 20, when the Singapore Exchange queried RH Petrogas on the unusual price movements of its shares, the mainboard-listed company disclosed that its controlling shareholders - Surreyville Pte Ltd, Sharptone Investments Limited and RH Capital Limited - had been approached by an investor and they were engaged in discussions on a potential proposal which might lead to a share takeover offer.
D+2. Due date +2. A lot of force selling probably
May be a flush down, just stay caution ...
daffytlh ( Date: 20-Jun-2014 15:51) Posted:
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Drop. anyone any idea why? BB accumulating?
Will news be released this weeked?? fingers cross
If RH can close at 0.94 today, bullish.
sporeshare.blog spot.sg/2014/05/rh-petrogas.html
spore1 ( Date: 19-Jun-2014 22:50) Posted:
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May be test 98 cents soon.
sporeshare.blog spot.sg/2014/06/ums.html
RoundRound ( Date: 19-Jun-2014 09:34) Posted:
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This RH is having good buying momentum seems likely to break magical $1 soon.
Not vested.
Not vested.
today might have chance to run...
can watchlist...good luck all
kyrie100 ( Date: 18-Jun-2014 23:44) Posted:
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Not over yet.Close at 0.93 is good. :)
coming...
I dont need a gem. Need a big black dirty rock. :)
stockmarketmind ( Date: 18-Jun-2014 10:40) Posted:
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Rh petrogas looks like over temporary. Not a gem anymore.