(29-04-2014, 09:44 PM)MINX Wrote: [ -> ]CMA is worth at least $2.50 to $2.60, don't shortchange yourself and sell for anything less.
Just receive the the circular of offer today.Common sense will tell you nobody going to offer you something better then " intrinsic" value. i always wait till the last minute to see what the market going to do . If the market agrees what can i do?
(29-04-2014, 10:24 PM)Temperament Wrote: [ -> ] (29-04-2014, 09:44 PM)MINX Wrote: [ -> ]CMA is worth at least $2.50 to $2.60, don't shortchange yourself and sell for anything less.
Just receive the the circular of offer today.Common sense will tell you nobody going to offer you something better then " intrinsic" value. i always wait till the last minute to see what the market going to do . If the market agrees what can i do?
I think it has more to do with a mindset. The shares are currently owned by you. If all minority shareholders do not accept the offer, they are forced to come back with a more compelling offer for the simple reason that CMA is simply worth it.
(25-04-2014, 08:28 PM)egghead Wrote: [ -> ]70.3% as of today. Interestingly, out of 113 million shares transacted today, they only managed to buy 60 million shares. Who bought the other 53 millions?
Dealings Disclosure 25 Apr
Seem like they have stopped buying after reaching 70.51%. No further notice in SGX website.
Let see if they can get the remaining 9.49% through their offer.
(01-05-2014, 12:51 AM)intellect Wrote: [ -> ] (25-04-2014, 08:28 PM)egghead Wrote: [ -> ]70.3% as of today. Interestingly, out of 113 million shares transacted today, they only managed to buy 60 million shares. Who bought the other 53 millions?
Dealings Disclosure 25 Apr
Seem like they have stopped buying after reaching 70.51%. No further notice in SGX website.
Let see if they can get the remaining 9.49% through their offer.
Should be remaining 19.49% to reach 90%. right?
Most transactions this week are done at prices above the offer of $2.23/$2.21 which is beyond the reach of the current offer of $2.22/$2.2025 - meaning very few seller left willing to accept the offer.
(01-05-2014, 05:40 AM)starcraft_76 Wrote: [ -> ] (01-05-2014, 12:51 AM)intellect Wrote: [ -> ] (25-04-2014, 08:28 PM)egghead Wrote: [ -> ]70.3% as of today. Interestingly, out of 113 million shares transacted today, they only managed to buy 60 million shares. Who bought the other 53 millions?
Dealings Disclosure 25 Apr
Seem like they have stopped buying after reaching 70.51%. No further notice in SGX website.
Let see if they can get the remaining 9.49% through their offer.
Should be remaining 19.49% to reach 90%. right?
Ops, fail my mental sum.
(01-05-2014, 10:55 AM)egghead Wrote: [ -> ]Most transactions this week are done at prices above the offer of $2.23/$2.21 which is beyond the reach of the current offer of $2.22/$2.2025 - meaning very few seller left willing to accept the offer.
A glimpse of hope for us.
Summary for today from
BTInvest
Majority of volume (87%) is by bigger players at above offer price.
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(02-05-2014, 05:47 PM)smallcaps Wrote: [ -> ]Summary for today from BTInvest
Majority of volume (87%) is by bigger players at above offer price.
What does that mean? There is going to be a higher offer for CMA by a third party?
Temasek bought CMA shares at $2.22.