(23-08-2013, 09:09 AM)desmondxyz Wrote: [ -> ]Back to 88/88.5.... With 21k lots blocking at 88.5.....
The offeror cannot buy above 88, but can he sell above 88? Hehe
Am I correct to say that the waiting game is over and that they are very likely to get >90% shares at the offer price of 88 cents?
(23-08-2013, 09:26 AM)LOVE YOURSELF Wrote: [ -> ]Am I correct to say that the waiting game is over and that they are very likely to get >90% shares at the offer price of 88 cents?
Answer is NO. It depends on whether minorities throw in the towel and accept their offer. as of last count it is still 83% only. even if the 22million shares accept their offer, it's only about 2%. still not close to 90% yet.
they may stay listed if they cannot get enough acceptance.so wait and see.
What do you all think their courses of action would be now? Thanks.
(23-08-2013, 09:53 AM)LOVE YOURSELF Wrote: [ -> ]What do you all think their courses of action would be now? Thanks.
come 9th sept, they will do 1 more last extension as I don't think they will have 90% still. what will happen after the last extension expires is anyone's guess. it could well stay listed. it's up to minorities to force their hand.
(23-08-2013, 10:01 AM)Jacmar Wrote: [ -> ] (23-08-2013, 09:53 AM)LOVE YOURSELF Wrote: [ -> ]What do you all think their courses of action would be now? Thanks.
come 9th sept, they will do 1 more last extension as I don't think they will have 90% still. what will happen after the last extension expires is anyone's guess. it could well stay listed. it's up to minorities to force their hand.
I dont think much of dispersed minorities. No use one. Eye power only.
If got a big conc minority shareholder, then it is a different case.
Money talks.
this one mean alot of ppl waiting to sell @ 885?
Quote:21k lots blocking at 88.5
Minorities sure scare if the offer lapsed, the share price will drop....money is money....if u block the 90% threshold by not accepting the offer...yeah..victory...so what? if the share price drop after offer lapsed, it's ur own money burnt, u see?
Ppl might argue good prospect...bla bla bla...who knows when is the next offer?
If I were the offeror, I won't up the offer....given current market sentiment.....
(23-08-2013, 10:40 AM)desmondxyz Wrote: [ -> ]Minorities sure scare if the offer lapsed, the share price will drop....money is money....if u block the 90% threshold by not accepting the offer...yeah..victory...so what? if the share price drop after offer lapsed, it's ur own money burnt, u see?
Ppl might argue good prospect...bla bla bla...who knows when is the next offer?
If I were the offeror, I won't up the offer....given current market sentiment.....
I shared the same view. I think some retail investors may end up accepting the current offer this time. If they are close to 90%, they will let the offer lapsed and then buy from the market probably at lower prices when offer lapsed. Once >90%, they will do a compulsory acquisition at the lower price at that point in time.
What say you.........
What is the risk/reward of holding on to shares after an Offer? extra 20% at reduced liquidity worth the wait?
in case of Eastern Holdings, revalued NTA is 100% from 18 cents Offer. And MBT was buying at 18 cents post Offer. Now thats good risk/reward.
lesson here - KP at the beginning of Offer if you want higher price. Thats where the press are most interested too.
sorry.....what is KP........... THANKS