It is quite unlikely to be share placement or raising of cash. This type of event is within the control of the company and it can be announced soon after the halt.
With this long delay, could it be something the company has less control over. Like negotiation with interested party. Or discovery of something that caught management by surprise?
(16-01-2013, 12:43 AM)FFNow Wrote: [ -> ] (15-01-2013, 03:26 PM)Musicwhiz Wrote: [ -> ]If I were to make a guess, I would say the offerors would not pay more than a 25% premium over last done, which means a $1/share offer.
I remember reading somewhere that the average premium paid for Singapore companies that are acquired is 35%.
If this is really a GO, I should say the acquirer has gotten in at the right time before FY12's results announcement (which would have created a possible run-up in price, considering FY12's numbers should be better than last year's).
Kingsmen has all along attracted buying interest from various parties. Given that the company is in an excellent shape, good earning and rosy prospects, the buyer needs to pay a reasonable premium to takeover the company.
Just by looking at the top 20 shareholders, many of them are Kingsmen staffs and I believe there are even more staffs that are Kingsmen shareholders but not in top 20 list. With this kind of shareholders' composition, a takeover offer will not go through if the price is not attractive.
Who would like to be shortchanged if you know the value of your asset?
would like to add in... if the 2 bosses sell.. then i also sell leh... cos it's really their hardwork and vision that made the company excel soo far!
The Board of Directors (“Board”) of Kingsmen Creatives Ltd. (the “Company") refers to the
announcement released on 14 January 2013 in relation to the Company’s request for a trading
halt.
The Board wishes to announce that the Company has requested an extension of the trading
halt, pending the release of an announcement (“Announcement”).
The Company is in the midst of finalising the Announcement, which will be released at an
appropriate juncture, pursuant to the requirements of the Listing Manual of the Singapore
Exchange Securities Trading Limited.
http://info.sgx.com/webcoranncatth.nsf/V...40034208C/$file/KCL-ExtensionofTradingHalt.pdf?openelement
(Vested)
Negotiation cannot be concluded.
If is an offer, it has to be good enough as we will lose one good stock to invest long term.
Anyone know how long it can be extended .... not another 3 days please ....
Does that mean it cannot be a rights issue?
(16-01-2013, 10:25 PM)violinist Wrote: [ -> ]Does that mean it cannot be a rights issue?
Unlikely. The fundamentals of Kingsmen is very good. They do not need to raise any funds for the moment. My speculation is that somebody has offered to buy Kingsmen and the directors are trying to negotiate a better deal for us.
my gut feel tells me it is gg to a north european buyer with a growing presence in HK.