(05-04-2012, 05:45 PM)dydx Wrote: [ -> ]Adampak has appointed DMG & Partners Securities as the IFA to give an independent advice to the IDs on Navis' privatisation offer.....
http://info.sgx.com/webcoranncatth.nsf/V...70025BD86/$file/Adampak_Appointment_of_IFA_05042012.pdf?openelement
How independent can they be?
1. Not liquid stock
2. Never trade above this price for last 3 years
3. No guarantee future performance
The directors already choose to cash out, they are now just employee. With at least $10M in pocket for each person, will they be motivated to work as hard?
I will take the $ and buy something else...
(06-04-2012, 12:02 AM)FFNow Wrote: [ -> ] (05-04-2012, 09:05 PM)Nick Wrote: [ -> ]May not be speculator. Could be people who are willing to profit by buying at 41.5 cents before selling it to Navis at 42.0 cents. Returns = 0.5 / 42 x 100% = 1.19%. This is a respectable figure considering that it is just a 2 months wait. What do you think ?
I was thinking about this too. Easy arbitrage?
Easy arbitrage, let find out.
return is 1.2%, we may need to take away the commission fee for buying, let say 0.4%. So selling fee via acceptance
So net profit = 1.2% - 0.4% = 0.8%
Duration wise, assume you stay till 1st closing date for any positive surprise, assume 2 months
so return = 0.8%*6 = 4.8%
We should be able to get better return than this, unless you expect the positive surprises...
IMHO
6) If somebody offer a takeover offer for a value stock, it may be better to reject the offer and wait for the offer to end. Normally if the company is not delisted in the end, the share price often is higher than the takeover offer.
Source
" Old Investing Advice Gems from Wallstraits days " complied by Moolah
http://www.valuebuddies.com/thread-1258.html
I am not sure how true is the statement? IMHO, if it is the "true" value stock, in longer term, the statement sound logical.
But in practice, any takeover fail to delist and price went up after the failure? I have not manage to recall any.
Hi all valuebuddies who own Adampak shares,
I took the inititiave to call up one of the 20 shareholders (not one of the directors) listed in Adampak's latest annual report. My intention was to register my potential interest in adding my shareholdings to any possible group/ consortium that may join or form for the purpose of rejecting the $0.42 offer and negotiating a higher consideration.
That person was non-committal but open and said that he/ she would call me if "there is anything". I just wish to inform Adampak shareholders on this forum of what I have done and invite you to join in if you are keen/ interested. My email is oskj@yahoo.com.sg.
I will keep you all updated if I am contacted
oops, sorry, it is oskj7676@yahoo.com.sg
In case that went unnoticed, typo - my email should be oskj7676@yahoo.com.sg
Hope to hear from as many of you as possible....
this is interesting..
will love to see how it goes..
Actually I did it on impulse, feeling I had nothing to lose. Just trying my luck. But I suppose impulse is the enemy of value investing, so that's a trait I need to smoothen out if I am ever to approximate a true value investor!
wow, that is initiative.
Contact numbers are not listed in the AR, u r really good to do what u have done.
Nothing really, there's this secret weapon I used - it's called Google!
Till today, i had not seen any disclosure announcement of Navis for new share collected from open market.
Any hint worth to note here....?