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Yeah i strongly agree, this goes to show that good management is important when selecting a company. The new ceo will have to prove himself in the years to come, hope that the core team waa under david will help to do so.
(07-03-2014, 10:47 AM)felixleong Wrote: [ -> ]by end of march should see OCBC's detailed announcement on Wing Hang
but if OCBC rallies to $10 by then, u would had missed the boat

when it was selling at 9.10-9.20 it was really cheap for 11 times earnings, a solid well managed blue chip with good long term track record

however if they gonna pay too much of wing hang, everything falls apart. A well balanced approach is key.

9.10-9.20? Seriously, that was just 2 days:

[Image: z?s=O39.SI&t=3m&q=c&l=on&z=l&a=v&p=s&lan...&region=SG]
(07-03-2014, 01:31 PM)violinist Wrote: [ -> ]
(07-03-2014, 10:47 AM)felixleong Wrote: [ -> ]by end of march should see OCBC's detailed announcement on Wing Hang
but if OCBC rallies to $10 by then, u would had missed the boat

when it was selling at 9.10-9.20 it was really cheap for 11 times earnings, a solid well managed blue chip with good long term track record

however if they gonna pay too much of wing hang, everything falls apart. A well balanced approach is key.

9.10-9.20? Seriously, that was just 2 days:

[Image: z?s=O39.SI&t=3m&q=c&l=on&z=l&a=v&p=s&lan...&region=SG]

Yup, good opportunities are short. When it was cheap many bargain hunters will come it.
The deal doesn't seem promising, IMO.

(not vested)

OCBC says it has not finalised terms on Wing Hang deal

SINGAPORE — Oversea-Chinese Banking Corporation said yesterday that it has not entered into any binding agreement on its offer to take over Hong Kong’s family-run Wing Hang Bank, after having extended the deadline for the deal twice in the past two months.

The current deadline for the exclusivity period for the deal expires on March 31, after having been extended from March 3 and the original Jan 31.

Discussions are ongoing and no definitive terms or formal legal documentation for the possible offer have been agreed on at this stage, the Singapore lender said yesterday.

OCBC did not mention whether the period for finalising the terms of the deal has been extended again.
...
http://www.todayonline.com/business/ocbc...-hang-deal
Trading halted. Is the deal on or off?
(28-03-2014, 02:39 PM)egghead Wrote: [ -> ]Trading halted. Is the deal on or off?

Good afternoon Eggheand san and All.

I think the deal is on.

Wing Hang Bank share trading also suspended




https://sg.uobkayhian.com/page/SLQG_News...D=20581584


<vested-oldpot>
OCBC price should drop on coming Monday?
I think most of the negatives already factored in
Shall wait for details and if there would be a rights issue or not

a big rights issue will pressure the stock price
hi,
i have 5 lot at 9.68.
really wonder what will happen to OCBC.
if really right issue to the exisiting shareholders. anybody here interested to subscribe?
may ask a stupid question, how to subscribe the right? first time encounteer such situation..
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