13-08-2013, 07:42 AM
(12-08-2013, 10:09 PM)Wildreamz Wrote: [ -> ]For those still vested kudos:
2Q2013 Earning results
Earnings up, NAV up, the usual good stuff.
With such good results, can the new up offer cross $1.00 say $1.20?
(12-08-2013, 10:09 PM)Wildreamz Wrote: [ -> ]For those still vested kudos:
2Q2013 Earning results
Earnings up, NAV up, the usual good stuff.
(13-08-2013, 07:42 AM)LOVE YOURSELF Wrote: [ -> ](12-08-2013, 10:09 PM)Wildreamz Wrote: [ -> ]For those still vested kudos:
2Q2013 Earning results
Earnings up, NAV up, the usual good stuff.
With such good results, can the new up offer cross $1.00 say $1.20?
(13-08-2013, 08:25 AM)desmondxyz Wrote: [ -> ](13-08-2013, 07:42 AM)LOVE YOURSELF Wrote: [ -> ](12-08-2013, 10:09 PM)Wildreamz Wrote: [ -> ]For those still vested kudos:
2Q2013 Earning results
Earnings up, NAV up, the usual good stuff.
With such good results, can the new up offer cross $1.00 say $1.20?
I doubt so... He already got 80% in the pocket. If up the offer, also need to up those who previously accepted the offer....
(13-08-2013, 08:46 AM)LOVE YOURSELF Wrote: [ -> ]Thank you. But are u sure they need to up those have previously accepted?
(13-08-2013, 09:38 AM)LOVE YOURSELF Wrote: [ -> ]If they don't up the offer, the acceptance will remain around 80% and the offer will fail. What other options do they have?
(13-08-2013, 01:57 PM)thefarside Wrote: [ -> ](13-08-2013, 09:38 AM)LOVE YOURSELF Wrote: [ -> ]If they don't up the offer, the acceptance will remain around 80% and the offer will fail. What other options do they have?
For a major shareholder with a very long term horizon, unconditional tender offers are a means to buy large blocks of shares, vs the "following" they will acquire when they try to purchase on the open market. They can also see their chances of "getting lucky", as yeokiwi has aptly put in, and decide what to do with their offer (extend, up price etc) as time goes by and players at the table tender their stake, double down, or wait them out.
If the offer now fails, they keep the shares they have acquired so far @ 0.88 vs NAV of 1.05 (not RNAV) and say thank you very much see you five years later at another offer. At least that is what I will do if I am the owner.
(13-08-2013, 09:23 PM)Wildreamz Wrote: [ -> ]If I am the owner and I have cash on hand, as well as a concrete plan to unlock the value of the company, I will be desperate to take over the company asap.
Why play the patience game and let other people make dividend profit, while letting my cash devalue along the way, then 5 years down the road, I still need to make a higher offer to delist the company? Doesn't make any business sense.
I am 60-70% confident that they would raise the offer to buy up the last 10% of outstanding shares.
However, I have sold out Guthrie today at $0.89 to buy another undervalued company.
I am not prepared to follow through the process, sending in the form, and wait for the money to enter my account. Too troblesome for me, and the counter offer is ultimately not confirmed also.
(13-08-2013, 09:23 PM)Wildreamz Wrote: [ -> ]However, I have sold out Guthrie today at $0.89 to buy another undervalued company.
I am not prepared to follow through the process, sending in the form, and wait for the money to enter my account. Too troblesome for me, and the counter offer is ultimately not confirmed also.