All Wing Tai group of companies are possible value traps from now on.
after the partial offer, the Cheng family has more than 50% control over Wing Tai HK, Wing Tai SG, Wing Tai Malaysia.
The nonsense St****** and Metro are also value traps.
(06-06-2012, 10:06 AM)WolfT Wrote: [ -> ]Is it possible to know who is buying?
If Mr Cheng bought he has to declare to sgx ya?
You mean who is selling?
You look at the volume today. NO SELLERS AT ALL. Really obvious price manipulation. On the days the funds were depressing the price, they kept throwing out and forcing ppl to cut loss.
FUK SGX! Why SGX never investigate who were the sellers? I can tell you who are the buyers today. Go and look for counter party code 843.
Selelrs ytd was Nomura Securities. These are the work of the BBs. Big price manipulators.
An article from Cheng
http://www.propertyguru.com.sg/property-...oversupply
Wing Tai Chairman warns of housing oversupply
Many buyers are choosing to acquire properties now, fearing that prices may surge in the coming years. As a result, demand in future could drop even more than expected leading to an oversupply, said Wing Tai Chairman Cheng Wai Keung.
“On top of that if the economy is not so good at that time, it will compound the problem.” He added that the current housing cycle has exceeded his expectations.
“The effects of five rounds of property cooling measures have been short-lived. And despite the fact that the government has increased supply for so many years, the property market has not subsided. This means the pent-up demand is more than I expected,” noted Cheng.
He attributed this to a combination of factors such as past undersupply, population growth and liquidity.
Cheng reckons that from 2003 to 2005, when the economy was not performing well, people only bought properties if it was a necessity. Now it is the reverse.
“Because of liquidity, people feel more secure, and even though the government continues to say that the economy is not doing well, apparently Singaporeans are still confident in general. Now some people may be bringing forward their buying (decision), thinking: 'I'd better buy now because prices are going up.”
“But my argument is that there is a danger of people bringing forward their demand, so subsequent years' demand may be lower than what they call average demand every year (based on current demand statistics).”
“This will create an even bigger supply and demand inequilibrium; it will create an oversupply more than we think.”
(31-05-2012, 11:11 AM)propertyinvestor Wrote: [ -> ]Cheng himself can also vote on the offer. He just needs 10% to Vote Yes.
who told you that?
Relevant Shareholders. The Partial Offer will be extended to all Shareholders (other than
the Offeror, the Cheng Brothers and the entities controlled by them) as at the Record Date
(the “Relevant Shareholders”).
Conditions of the Partial Offer. The Partial Offer will be subject to the following conditions:
(a ) the Offeror having received, by the Closing Date, approval of the Partial Offer by Relevant
Shareholders representing more than 50 per cent. of the valid votes received from Relevant
Shareholders (provided that the Offeror, parties acting in concert with the Offeror and their
associates shall not be allowed to vote);
only shareholders other than the chengs related count.
(07-06-2012, 05:36 PM)freedom Wrote: [ -> ] (31-05-2012, 11:11 AM)propertyinvestor Wrote: [ -> ]Cheng himself can also vote on the offer. He just needs 10% to Vote Yes.
who told you that?
Relevant Shareholders. The Partial Offer will be extended to all Shareholders (other than
the Offeror, the Cheng Brothers and the entities controlled by them) as at the Record Date
(the “Relevant Shareholders”).
Conditions of the Partial Offer. The Partial Offer will be subject to the following conditions:
(a ) the Offeror having received, by the Closing Date, approval of the Partial Offer by Relevant
Shareholders representing more than 50 per cent. of the valid votes received from Relevant
Shareholders (provided that the Offeror, parties acting in concert with the Offeror and their
associates shall not be allowed to vote);
only shareholders other than the chengs related count.
Oh ok, didnt see the bracket part.
The IFA has recommended that those who take a short term view sell their shares to the Cheng.
My God! I just realised that if shareholders vote against the offer or if the offer somehow fails to go through, the possibility of Wing Tai crashing back to $1.10 is quite real! SInce the price has been artificially supported by the partial offer!
(09-06-2012, 06:12 PM)propertyinvestor Wrote: [ -> ]My God! I just realised that if shareholders vote against the offer or if the offer somehow fails to go through, the possibility of Wing Tai crashing back to $1.10 is quite real! SInce the price has been artificially supported by the partial offer!
are you a joker hired by the Chengs to scare people to support the partial offer?
even the market price were to drop to below $1, the Chengs probably would not have any chance to buy a few percent of Wing Tai shares from open market @1.39.
lol.
