(12-07-2021, 07:34 PM)ghchua Wrote: [ -> ] (12-07-2021, 06:58 PM)Yoyo Wrote: [ -> ]SGX Corporate Action Form Submission. Has anyone try to submit more than one time in accepting an offer? For instance on day 1 submit accepting 10k and day 2 submit accepting 15k. What is the final quantity been accepted - 10k, 15k or 25k or nil (discard due to conflicting instructions).
Thanks in advance for your assistance.
There is no conflicting instructions. Each time you accepted an offer, they are considered as separate submission instruction. So, in your example, the total number of shares tendered is 25k.
hi yoyo,
Can see what you are trying to do here - Taking a realized loss to cap your downside while allowing the upside to play out - in other words, buying a call option.
Hi weijian
Yes. First time trying out this method. Has gathered 253k shares todate. (but not chasing price). Hopefully Lady Luck comes home.
Probability is much higher than that of 4D.
My apology for my postings deviating from value investing.
Anyone knows what happens if I sell my shares on market AFTER I submitted my acceptance of the tender offer?
If after the offer closing, the acceptance rate is low and the free float does not fall below the 10%.
Is it possible that the offeror walks away with whatever share accepted and the company remained listed?
How come UOB Kay Hian/offeror do not publish the acceptance percentage?
Can anyone enlighten me. Thanks.
Hi setan
The assumed outcome mirror that of Penguin, which remained listed (managed 80%).
If acceptance level is high, make sense to actively publish results, to encourage more to accept the offer. But if otherwise, better to play dumb, in my opinion.
(14-07-2021, 03:10 PM)Yoyo Wrote: [ -> ]If acceptance level is high, make sense to actively publish results, to encourage more to accept the offer. But if otherwise, better to play dumb, in my opinion.
Under SGX listing rules, material information should be disclosed to the market. Daily acceptance level are not material information, I guess, so its up to the offeror.
However when they hit milestone events like offer turning from conditional to unconditional, closing date acceptance level etc should be promptly disclosed.
(14-07-2021, 01:44 PM)madagnet Wrote: [ -> ]Anyone knows what happens if I sell my shares on market AFTER I submitted my acceptance of the tender offer?
That would be considered as short selling, aka selling a stock that you did not own.
I do not wish to speculate..but my broker from CIMB just rang me..informing me that the offerer has managed to garner >70% but unlikely to hit 90%. My guess is Droege Capital GmbH + Stone has likely accepted the offer. Do be careful for those thinking of a speculative punt.
DYODD...
(14-07-2021, 05:00 PM)mslee888 Wrote: [ -> ]I do not wish to speculate..but my broker from CIMB just rang me..informing me that the offerer has managed to garner >70% but unlikely to hit 90%. My guess is Droege Capital GmbH + Stone has likely accepted the offer. Do be careful for those thinking of a speculative punt.
DYODD...
If either Droege Capital GmbH or Mr Robert Stone had accepted the offer, that would require a disclosure on SGXNet as they are substantial shareholders of the company. So, until we read about it, we should assume that they are still holding onto their shares.
I am still holding my 100k shares. This is the first time I am not surrending my shares to majority shareholder at a delisting offer (last time I surrended my shares in another company to major shareholder but after privatization the major shareholder quickly realised multiples of value by selling the businesses in parts). Looking forward to seeing what would happen this time.