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Ok....will till.mandatory to ell
Invest1 ( Date: 23-Jan-2021 15:59) Posted:
Don' t need to sell one. If you have confident in this company, then keep. Moreover this offer too low to attract people to sell. Should fail...
commando ( Date: 23-Jan-2021 13:56) Posted:
| Nothing we can do? Lan lan just sell |
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Don' t need to sell one. If you have confident in this company, then keep. Moreover this offer too low to attract people to sell. Should fail...
commando ( Date: 23-Jan-2021 13:56) Posted:
Nothing we can do? Lan lan just sell?
Starship ( Date: 23-Jan-2021 13:23) Posted:
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Nothing we can do? Lan lan just sell?
Starship ( Date: 23-Jan-2021 13:23) Posted:
ahberngh ( Date: 22-Jan-2021 11:05) Posted:
6.24%
And remember, the offerors ownership of Penguin is low, only about 22%, with about 65% free float.
With such a low ball offer, it makes sense for another entity to sccop everything up at a better price and kick out
the offerors |
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ahberngh ( Date: 22-Jan-2021 11:05) Posted:
6.24%
And remember, the offerors ownership of Penguin is low, only about 22%, with about 65% free float.
With such a low ball offer, it makes sense for another entity to sccop everything up at a better price and kick out
the offerors.
ahberngh ( Date: 22-Jan-2021 10:58) Posted:
Apparently Keppel has a 6.24 deem interest in Penguin, and Penguin' s business can mesh with Keppel interests.
It is possible that Keppel may up the ante? After all, at only 220+ M total shares, the cash required is within Keppels reach. |
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Did not see a high huge volume to sell. Do you think the owners will up the ante. At $0.65 is at 0.8P/B.... Should be good if it is raised to be close to 1 P/B
ahberngh ( Date: 22-Jan-2021 10:58) Posted:
Apparently Keppel has a 6.24 deem interest in Penguin, and Penguin' s business can mesh with Keppel interests.
It is possible that Keppel may up the ante? After all, at only 220+ M total shares, the cash required is within Keppels reach. |
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6.24%
And remember, the offerors ownership of Penguin is low, only about 22%, with about 65% free float.
With such a low ball offer, it makes sense for another entity to sccop everything up at a better price and kick out
the offerors.
ahberngh ( Date: 22-Jan-2021 10:58) Posted:
Apparently Keppel has a 6.24 deem interest in Penguin, and Penguin' s business can mesh with Keppel interests.
It is possible that Keppel may up the ante? After all, at only 220+ M total shares, the cash required is within Keppels reach. |
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Apparently Keppel has a 6.24 deem interest in Penguin, and Penguin' s business can mesh with Keppel interests.
It is possible that Keppel may up the ante? After all, at only 220+ M total shares, the cash required is within Keppels reach.
Penguin chairman, MD in tie up with Dymon Asia fund to take firm private
PENGUIN International on Thursday said a consortium comprising its executive chairman, managing director and a Dymon Asia fund intends to take the company private at S$0.65 per share.
The offer price represents a premium of 30 per cent over the last transacted price per share of S$0.50 on Dec 18, 2020 - the day Penguin announced a possible transaction involving its shares, it said in a bourse filing.
It also represents a premium of about 35.7 per cent, 42.5 per cent, 44.4 per cent and 17.5 per cent over the volume-weighted average price per share for the one-month, three-month, six-month and 12-month periods, respectively.
Penguin executive chairman Jeffrey Hing owns a 55 per cent stake in the offeror Emet Grace, while managing director James Tham owns 5 per cent.
The owner of the remaining 40 per cent is Fairy LP, a special purpose vehicle linked to Dymon Asia Private Equity (SE Asia) Fund II, a US$450 million fund managed by Singapore-based Dymon Asia Private Equity (Singapore).
Together, Mr Hing and Mr Tham own about 21.56 per cent of the total number of shares in Penguin and have undertaken to accept the offer.
If the proposed privatisation goes through, Penguin will become a wholly-owned subsidiary of Emet Grace and be delisted from the Singapore Exchange' s mainboard.
Penguin, which builds and operates aluminium high-speed craft, said the offer will provide shareholders who find it difficult to exit the company as a result of low trading volume an opportunity to liquidate and realise their investment at a premium to the prevailing market prices.
It will also allow Penguin' s management more flexibility to manage its business, optimise the use of its management and capital resources and facilitate the implementation of any operational change.
Moreover, Penguin will be able to save on expenses related to maintaining its listed status and focus its resources on business operations.
Buy 65.5 to keep?offer price 65 nia
Invest1 ( Date: 22-Jan-2021 09:09) Posted:
Now everyone think 65cents is low. I thinking of buying at 65.5 cents to keep. Hahaha
Fataaa ( Date: 21-Jan-2021 22:17) Posted:
| seem like its a trend for major stake holder cum owner to take their business private after establish over the years with all the shareholders support...if they failed in their early years shareholders could lose everything. Moral education have to be re introduce for all.... |
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Now everyone think 65cents is low. I thinking of buying at 65.5 cents to keep. Hahaha
Fataaa ( Date: 21-Jan-2021 22:17) Posted:
| seem like its a trend for major stake holder cum owner to take their business private after establish over the years with all the shareholders support...if they failed in their early years shareholders could lose everything. Moral education have to be re introduce for all.... |
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seem like its a trend for major stake holder cum owner to take their business private after establish over the years with all the shareholders support...if they failed in their early years shareholders could lose everything. Moral education have to be re introduce for all....
The option is don' t sell if you think it is low. They are really too much, treating us as fools...
yea i agree it was a low ball offer.. but who is to be blame that our sgx counters are trading at an undervalue price and allow the BB to take advantage of.. if our retailers are more savvy in fundamentals analysis, they would know penguin is undervalue, since it has like more than 23+ cents cash on hand.. unfortunately our retailers are only blinded to invest in branded overvalue counters, or have the wrong mentality to trade for quick bucks.. penguin is not the only undervalue counter that got taken advantage with low ball offer, and will not be the last one
that said, penguin IR is weak and at one time i was vested but sold off cos i got pissed off with their lack of professionalism in their financial reporting commentary section, where they just copy paste almost the same thing every quarter in their reporting
ahberngh ( Date: 21-Jan-2021 12:42) Posted:
Takeover offer at 65 c, another low ball offer in the same mould as Sunningdale by the major shoreholder in concert
with another party.
NAV of Penguin I believe is in the 70s cts.
SGX is becoming a roosts for all sorts of unethical characters. |
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commando ( Date: 21-Jan-2021 15:02) Posted:
Wah lau...offer price too low. How?
ahberngh ( Date: 21-Jan-2021 12:52) Posted:
From Shareinvestors website the following info avaialble:
NAV of Penguin 76.8c.
JHYP owns 21.25%
JTTC owns 0.3%
JHYP and JTTC are in cahoots with another party, Fairy L.P. (must be a fairy from hell) as offerors.
Another director Ng Kok Wah owns 5.164%.
The free float is 65.1%.
If minority shareholders band together to reject the offer, not likely to be successful.
I believe Penguin international is worth significantly more than 65c.
Vested. |
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Wah lau...offer price too low. How?
ahberngh ( Date: 21-Jan-2021 12:52) Posted:
From Shareinvestors website the following info avaialble:
NAV of Penguin 76.8c.
JHYP owns 21.25%
JTTC owns 0.3%
JHYP and JTTC are in cahoots with another party, Fairy L.P. (must be a fairy from hell) as offerors.
Another director Ng Kok Wah owns 5.164%.
The free float is 65.1%.
If minority shareholders band together to reject the offer, not likely to be successful.
I believe Penguin international is worth significantly more than 65c.
Vested. |
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Their next step, I think, is to start mopping up shares from the open market.
Penguin has a relatively small number of shares, only about 220+ million in total.
Hope smart minority shareholders won' t sell to them.
For your info:
JYHP = Jeffrey Hing Yih Peir
JTTC = James Tham Tuck Choong
This is really an opportunistic offer in bad faith of major shareholders following recent trend of low ball takeovers.
SGX must really look into this.
From Shareinvestors website the following info avaialble:
NAV of Penguin 76.8c.
JHYP owns 21.25%
JTTC owns 0.3%
JHYP and JTTC are in cahoots with another party, Fairy L.P. (must be a fairy from hell) as offerors.
Another director Ng Kok Wah owns 5.164%.
The free float is 65.1%.
If minority shareholders band together to reject the offer, not likely to be successful.
I believe Penguin international is worth significantly more than 65c.
Vested.
