From my understanding, you can either choose to receive $3.41 in cash or 1.07 shares of Straits Trading for your 1 share of WBL.
The offer is for all shareholders.
Please correct me if I'm wrong.
$3.41 is undervalued IMO.
this ms chew is playing a bargain game with us i think..
offering 3.41 when market close last night was 3.48.
swapping WBL for STC is a good idea. STC now enjoys recurring revenue from their 20% stake in FEO hospitality management company.
(27-11-2012, 09:43 AM)propertyinvestor Wrote: [ -> ]swapping WBL for STC is a good idea. STC now enjoys recurring revenue from their 20% stake in FEO hospitality management company.
why would i want 20% stake in that when I already own FEO shares directly?
STC doesn't look like a solid choice compared to WBL.
plus their cash offer at 3.41 really 'smells' when market was bidding at 3.83 before halt today.
(27-11-2012, 05:48 PM)pianist Wrote: [ -> ] (27-11-2012, 09:43 AM)propertyinvestor Wrote: [ -> ]swapping WBL for STC is a good idea. STC now enjoys recurring revenue from their 20% stake in FEO hospitality management company.
why would i want 20% stake in that when I already own FEO shares directly?
STC doesn't look like a solid choice compared to WBL.
plus their cash offer at 3.41 really 'smells' when market was bidding at 3.83 before halt today.
If it smells, why did Aberdeen accept it? Why did Third avenue accept the offer?
(27-11-2012, 06:28 PM)propertyinvestor Wrote: [ -> ] (27-11-2012, 05:48 PM)pianist Wrote: [ -> ] (27-11-2012, 09:43 AM)propertyinvestor Wrote: [ -> ]swapping WBL for STC is a good idea. STC now enjoys recurring revenue from their 20% stake in FEO hospitality management company.
why would i want 20% stake in that when I already own FEO shares directly?
STC doesn't look like a solid choice compared to WBL.
plus their cash offer at 3.41 really 'smells' when market was bidding at 3.83 before halt today.
If it smells, why did Aberdeen accept it? Why did Third avenue accept the offer?
do you know if these fund houses are also getting 3.41 per share...
The stock closed at $3.84 last week. Is the market expecting a competing bid for WBL?
There is a cover story on WBL in most recent issue of The Edge Singapore. Titled as "The play for WBL"
It give an good overview and reason(s) to bid for WBL and future plan(s) of WBL
(02-12-2012, 09:27 AM)CityFarmer Wrote: [ -> ]There is a cover story on WBL in most recent issue of The Edge Singapore. Titled as "The play for WBL"
It give an good overview and reason(s) to bid for WBL and future plan(s) of WBL
can u paste it here please?