Indofood Agri    Last:0.38    -0.01

Indofood Agri Resources

Yesterday owner purchase 56mil share from om.
78.37% has been achieved and controlled.

And it was not a share buy back for those still not aware.

 

Anybody including the Salim family can buy in the open market. Once delisted, people still holding will be stranded.

whereru      ( Date: 02-Jul-2019 07:26) Posted: if the owner did buy this information will be posted in SGX announcement, so far nothing leh.... ysh2006      ( Date: 02-Jul-2019 06:41) Posted: The answer is the own coy herself...open mkt buy 56M shares at 32.5c.....maybe it will continue daily buying till she can get 90% ? and ask for delisting ? Pay brokering charges only

 

ysh2006      ( Date: 02-Jul-2019 06:41) Posted: The answer is the own coy herself...open mkt buy 56M shares at 32.5c.....maybe it will continue daily buying till she can get 90% ? and ask for delisting ? Pay brokering charges only. Starwar88      ( Date: 01-Jul-2019 15:05) Posted: Looking at market depth, buy queue non existent below 320. Wonder who bought so much at 325. Once buying stops, drop back to square 1?

 

The answer is the own coy herself...open mkt buy 56M shares at 32.5c.....maybe it will continue daily buying till she can get 90% ? and ask for delisting ? Pay brokering charges only.

Starwar88      ( Date: 01-Jul-2019 15:05) Posted: Looking at market depth, buy queue non existent below 320. Wonder who bought so much at 325. Once buying stops, drop back to square 1?

 

Obviously the buyer was the company owner. Once his stake reaches 90%, the company will be delisted. The remaining share holders will become the long term investors of the new private company.

 

Looking at market depth, buy queue non existent below 320. Wonder who bought so much at 325. Once buying stops, drop back to square 1?

 

Buying at 325 very strong? So much done.

 

The owner suddenly realised that he had been sitting on a mountain of toilet papers for too long. How to make money out of toilet papers? Turn it to a mountain of gold is much better.

 

Alive n goes agst the normal belief of price drop after delist lapsed???

 

The owner would have known by now that by keeping its share prices artificially too low is like sitting on a mountain of toilet papers. No use. Can't even privatise it. And can't think of any other reason for it.

It is better to sit on a mountain of gold. Easy to achieve if they want to. Nothing to do with the low CPO prices.

People will draw lessons from it and this is why I am very confident that GAR will not remain so low for too long.

 

It will be 12mth.
We are losing in both end in current market.

https://www.google.com/amp/s/www.businesstimes.com.sg/companies-markets/lapse-of-buyout-offer-for-indofood-agri-casts-investors-into-uncertainty%3famp

 

I also heard from Aztech CEO during the privatised firm first AGM , small investors asked him if he would launch another bid for remaining shareholders to sell , the CEO said the ruling required at least six months than can launched another takeover......(Forumers please correct me if wrong)

BraunB81      ( Date: 27-Jun-2019 10:29) Posted: ysh2006, thanks for sharing your knowledge. It definitely make the forum a better place when other users is unaware of this rule. Could you please provide us the article or link that states that any future buyouts can only be launched 6 months after last offer lapsed so that we may have a better read.. ysh2006      ( Date: 26-Jun-2019 18:50) Posted: Slowly slowly price may dropped to below 20c....now only sell not buy ....at least six mths than can launch another privatisation..

 

ysh2006, thanks for sharing your knowledge. It definitely make the forum a better place when other users is unaware of this rule. Could you please provide us the article or link that states that any future buyouts can only be launched 6 months after last offer lapsed so that we may have a better read..

ysh2006      ( Date: 26-Jun-2019 18:50) Posted: Slowly slowly price may dropped to below 20c....now only sell not buy ....at least six mths than can launch another privatisation... ysh2006      ( Date: 26-Jun-2019 07:29) Posted: Similar to Tee Int at 20c privatised don't want ...now price dropped to 6c ++ ...the owner laughing to the bank

 

They didn't sell in the open market but submit consent forms hoping to get the final price?

 

Today CDP return back their shares....see how mkt react to this faoled privatisation

AttasBoss      ( Date: 26-Jun-2019 19:03) Posted: Wait u till shareholder get back ther cdp shares then start selling.. Poor them

 

Shortists gonna have a lot of fun?

 

Wait u till shareholder get back ther cdp shares then start selling.. Poor them

 

Slowly slowly price may dropped to below 20c....now only sell not buy ....at least six mths than can launch another privatisation...

ysh2006      ( Date: 26-Jun-2019 07:29) Posted: Similar to Tee Int at 20c privatised don't want ...now price dropped to 6c ++ ...the owner laughing to the bank. Qanghoo      ( Date: 26-Jun-2019 07:02) Posted: Well, I had thought that they cld cross the line.  That they didn' t proves that there is real resolve to block the major owners.  This is a real +ve.  However, px is likely to tank to abt 18c or so .....

 

This counter was a super low volumn stock. The lower price it was the lower the volume. When below 0.20 it was practically impossie to trade. I think it will gradually become a dead stock.

 

Similar to Tee Int at 20c privatised don't want ...now price dropped to 6c ++ ...the owner laughing to the bank.

Qanghoo      ( Date: 26-Jun-2019 07:02) Posted: Well, I had thought that they cld cross the line.  That they didn' t proves that there is real resolve to block the major owners.  This is a real +ve.  However, px is likely to tank to abt 18c or so .....