(09-05-2012, 04:17 PM)sgpunter Wrote: [ -> ]Alamak...the power of hindsight haha...if I knew I would have grabbed JEL when it was stagnant at $0.005! 
I got my Wing Tai at $1.64 still sitting on paper loss but so be it I'll be holding on to it. Was looking to average down but will monitor the price closely.
You should have open share margin account, pledge in all your existing WT shares and buy up loads at $1
Also good mah. Can average down
Trading Halt requested by Wing Tai!! Good news???
http://info.sgx.com/webcorannc.nsf/Annou...endocument
May be related to the to the following news from Winsor Properties highlighted by PropertyInvestor issued on 18 April 2012 in HKSE. For your information, Wing Tai owned 34.87% of Wing Tai Properties and Wing Tai Properties owned 79.26% of Winsor Properties.
The Company wishes to clarify that Wing Tai Properties Limited (“Wing Tai Properties”), the
controlling shareholder of the Company, is in discussions with the Company and, separately,
with an independent third party (the “Third Party”) in relation to a possible transaction and
corporate restructuring relating to, and a possible offer for, the Company (the “Possible
Transactions”). The Company has been informed by Wing Tai Properties that the Possible
Transactions currently contemplated would involve, among others,
a possible distribution in
specie by the Company to its shareholders (including Wing Tai Properties and the other
shareholders), a sale by Wing Tai Properties of its entire interest in the Company to the Third
Party, a possible mandatory general cash offer by the Third Party for the remaining shares in the
Company (as a result of the change in control of the Company), and a possible unconditional
cash offer by Wing Tai Properties for the assets distributed to the other shareholders of the
Company by way of distribution in specie not already owned by Wing Tai Properties at that time.
http://www.hkexnews.hk/listedco/listcone...418788.pdf
I'm ruling out takeover although I'm hoping hehe.
Probably they read VB forum and they wanna disclose the Burlington Square or Wing Tai HK matter.
A short report from L&T this morning:
The property company has asked for Trading Halt
pending release of price-sensitive information.
- It is important to note that latest results (Q3 ended
Mar ’12) were released two days ago.
- Latest NAV is $2.51 a share.
- Wing Tai was the only property stock to rise
yesterday, a generally weak day.
- The Cheng family owns >40% of Wing Tai. At
$1.175, market cap is $933 mln.
Ok, dont think its a takeover offer. Most likely an annoucnement is coming out on Wing Tai HK and Winsor properties.
a partial offer @1.39.
is it a rob?
Yes, I think so
.
I'll definitely hold on to my holdings and wait for the additional news from Winsor properties. By the way, what's your view regarding development of Winsor properties?
Thank for your updates
(10-05-2012, 11:13 AM)freedom Wrote: [ -> ]a partial offer @1.39.
is it a rob?
hi guys, do you think the recent share price drop has to do with this partial offer? the further it drops, the less the offeror has to pay
anyway i count myself a little lucky.. i squeezed out all my money to buy 9 lots at 1.18 on wednesday
Its certainly good news for the share price which should go up once trading resumes but I will reject the offer as I think its too low! And if its a partial offer, I''ll be left with an odd number of shares and I don't like that one bit.