Zagro Asia

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#45
Having read some postings on this Zagro thread yesterday, I believe it is necessary to be clear that this S$ 0.15 per share offer by CEO Poh to all Zagro shareholders is but one component in the lengthy sequential Skopini - Zuellig process. This single component, announced in detail yesterday, should not be looked at in isolation - it was envisaged and outlined many months ago, in exactly this form. Because CEO Poh increases his already substantial holding by buying his share of Skopini's holding at S$ 0.15 per share, he is obliged - under the rules - to offer all remaining shareholders exactly the same offer. The actual intent of the process is that no other Zagro shareholder takes up CEO Poh's heavily discounted offer - only a fool would.

The above narrative should not and does not hide the fact that this whole Skopini - Zuellig process is a ridicolously contrived one, which I'm sure has cost Zagro (and thereby its shareholders) a lot more than it should have done - and, worst of all, the downright bad advice from Zagro's Financial Advisors has caused a larger drop in the share price than alternative, more transparent, more simple, less costly and expedient processes would have achieved. As I have said before on this thread, Zagro and its BoD have also badly alienated their overseas based shareholders, by following the silly badly-thought-through process they have adopted, which excluded foreign shareholders from participating. I know of three overseas shareholders who had significant holdings who a) have sold out totally (or almost totally) and b) do not want to hear of Zagro again - this cannot be good for Zagro's share price and its reputation.

It is clear that Zagro's BoD was concerned about the effect on the shareprice of having a large overhang of Zagro shares (~ 25%) on the market. Rightly so. This was the BoD's excuse for following the process they did. But there were and there are far simpler, far easier and far more inclusive processes (i.e. to all shareholders) that they could and should have followed - processes which would have given more robustness to Zagro's share price. For example, the Company could have bought Skopini's holding at S$ 0.15 per share and then cancelled the purchased shares - Zagro's balance sheet could accomodate this. All shareholders would benefit. If there were doubts about the adequacy of the balance sheet (why, I don't know), they could have had a generous (deeply discounted and not burdensome) rights issue, available to all shareholders.

I understand that more than a few in Singapore's financial district are expressing less-than-favourable remarks, even jokes, about Zagro and its financial and legal advisors, over this whole process. They have been mentioned alongside Eratat and Oceanus. Pity. Zagro is a good company, lead by a particularly good man ..........that has been badly advised, in this instance.

Vested
(31-08-2012, 10:23 PM)pianist Wrote: the purpose is to comply with sgx guidelines?
RBM, Retired Botanic MatSalleh
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Messages In This Thread
Zagro Asia - by SLC81 - 12-02-2011, 12:42 PM
RE: Zagro - by Blackjack - 16-02-2011, 12:16 PM
RE: Zagro - by RBM - 29-02-2012, 08:56 PM
RE: Zagro Asia Limited - by Musicwhiz - 29-02-2012, 10:03 PM
RE: Zagro Asia Limited - by RBM - 02-03-2012, 08:04 PM
RE: Zagro Asia Limited - by dydx - 01-03-2012, 10:43 AM
RE: Zagro Asia Limited - by RBM - 01-03-2012, 12:27 PM
RE: Zagro Asia Limited - by portuser - 01-03-2012, 01:03 PM
RE: Zagro Asia Limited - by portuser - 01-03-2012, 01:03 PM
RE: Zagro Asia Limited - by RBM - 01-03-2012, 01:40 PM
RE: Zagro Asia Limited - by weijian - 09-03-2012, 11:54 PM
RE: Zagro Asia Limited - by RBM - 11-03-2012, 01:19 PM
RE: Zagro Asia Limited - by Nick - 03-03-2012, 01:28 AM
RE: Zagro Asia Limited - by RBM - 08-03-2012, 10:56 PM
RE: Zagro Asia Limited - by d.o.g. - 09-03-2012, 12:25 AM
RE: Zagro Asia Limited - by weijian - 11-03-2012, 10:16 PM
RE: Zagro Asia Limited - by dydx - 18-07-2012, 11:15 PM
RE: Zagro Asia Limited - by Blackjack - 19-07-2012, 10:45 AM
RE: Zagro Asia Limited - by RBM - 20-07-2012, 09:15 AM
RE: Zagro Asia Limited - by dydx - 30-07-2012, 07:07 PM
RE: Zagro Asia Limited - by RBM - 31-07-2012, 01:49 PM
RE: Zagro Asia Limited - by RBM - 31-07-2012, 05:39 PM
RE: Zagro Asia Limited - by RBM - 01-08-2012, 08:48 PM
RE: Zagro Asia Limited - by pianist - 01-08-2012, 09:33 PM
RE: Zagro Asia Limited - by RBM - 02-08-2012, 01:02 AM
RE: Zagro Asia Limited - by wsreader - 02-08-2012, 11:01 AM
RE: Zagro Asia Limited - by dydx - 03-08-2012, 12:40 PM
RE: Zagro Asia Limited - by RBM - 03-08-2012, 04:08 PM
RE: Zagro Asia Limited - by dydx - 03-08-2012, 09:42 PM
RE: Zagro Asia Limited - by dydx - 04-08-2012, 02:53 PM
RE: Zagro Asia Limited - by psolhawk - 06-08-2012, 04:22 PM
RE: Zagro Asia Limited - by dydx - 06-08-2012, 06:58 PM
RE: Zagro Asia Limited - by RBM - 06-08-2012, 08:06 PM
RE: Zagro Asia Limited - by pianist - 30-08-2012, 09:24 PM
RE: Zagro Asia Limited - by RBM - 31-08-2012, 08:49 AM
RE: Zagro Asia Limited - by cyclone - 31-08-2012, 11:54 AM
RE: Zagro Asia Limited - by valuehunter - 31-08-2012, 12:37 PM
RE: Zagro Asia Limited - by maniac - 31-08-2012, 01:05 PM
RE: Zagro Asia Limited - by ngcheeki - 31-08-2012, 01:29 PM
RE: Zagro Asia Limited - by freedom - 31-08-2012, 01:41 PM
RE: Zagro Asia Limited - by wsreader - 31-08-2012, 01:41 PM
RE: Zagro Asia Limited - by psolhawk - 31-08-2012, 03:22 PM
RE: Zagro Asia Limited - by Share Investor - 31-08-2012, 04:14 PM
RE: Zagro Asia Limited - by pianist - 31-08-2012, 10:23 PM
RE: Zagro Asia Limited - by RBM - 01-09-2012, 02:27 PM
RE: Zagro Asia Limited - by cif5000 - 01-09-2012, 10:55 PM
RE: Zagro Asia Limited - by RBM - 01-09-2012, 11:19 PM
RE: Zagro Asia Limited - by pianist - 01-09-2012, 11:27 PM
RE: Zagro Asia Limited - by d.o.g. - 02-09-2012, 03:47 AM
RE: Zagro Asia Limited - by RBM - 02-09-2012, 10:07 AM
RE: Zagro Asia Limited - by CityFarmer - 02-09-2012, 11:13 AM
RE: Zagro Asia Limited - by propertyinvestor - 02-09-2012, 11:18 AM
RE: Zagro Asia Limited - by Contrarian - 02-09-2012, 05:16 PM
RE: Zagro Asia Limited - by pianist - 02-09-2012, 12:29 PM
RE: Zagro Asia Limited - by propertyinvestor - 02-09-2012, 01:38 PM
RE: Zagro Asia Limited - by ngcheeki - 25-09-2012, 07:40 PM
Zagro Asia Limited - by godjira1 - 25-09-2012, 09:55 PM
RE: Zagro Asia Limited - by dydx - 16-11-2012, 06:12 PM
RE: Zagro Asia Limited - by maniac - 17-11-2012, 11:26 AM
RE: Zagro Asia Limited - by dydx - 31-01-2013, 08:54 AM
RE: Zagro Asia Limited - by wozhaodaole - 31-01-2013, 10:17 AM
RE: Zagro Asia Limited - by felixleong - 31-01-2013, 11:43 AM
RE: Zagro Asia Limited - by dydx - 31-01-2013, 04:14 PM
RE: Zagro Asia Limited - by dydx - 01-04-2013, 08:26 PM
RE: Zagro Asia Limited - by thistimenotdifferent - 15-06-2013, 01:05 PM
RE: Zagro Asia Limited - by thistimenotdifferent - 13-08-2013, 09:32 AM
RE: Zagro Asia - by cyclone - 14-11-2013, 05:52 PM
RE: Zagro Asia - by pianist - 14-11-2013, 08:56 PM
RE: Zagro Asia - by dydx - 03-02-2014, 07:08 PM
RE: Zagro Asia - by dydx - 25-02-2014, 06:39 PM
RE: Zagro Asia - by dydx - 29-03-2014, 12:28 AM
RE: Zagro Asia - by dydx - 31-03-2014, 10:03 PM
RE: Zagro Asia - by BlueKelah - 30-05-2014, 11:52 PM
RE: Zagro Asia - by valuebuddies - 31-05-2014, 12:22 AM
RE: Zagro Asia - by ksir - 14-08-2014, 10:15 AM
RE: Zagro Asia - by madagnet - 14-08-2014, 10:31 AM
RE: Zagro Asia - by ksir - 14-08-2014, 10:48 AM
RE: Zagro Asia - by madagnet - 14-08-2014, 01:35 PM
RE: Zagro Asia - by learner88 - 14-08-2014, 11:06 AM
Zagro Asia - by ksir - 14-08-2014, 11:43 AM
RE: Zagro Asia - by learner88 - 14-08-2014, 11:49 AM
RE: Zagro Asia - by dydx - 12-08-2015, 06:28 PM
RE: Zagro Asia - by brattzz - 12-08-2015, 06:40 PM
RE: Zagro Asia - by changwk - 03-11-2015, 11:10 AM
RE: Zagro Asia - by dydx - 03-11-2015, 11:27 AM
RE: Zagro Asia - by hailstorm87 - 03-11-2015, 05:25 PM
RE: Zagro Asia - by Nebula - 03-11-2015, 05:55 PM
RE: Zagro Asia - by hailstorm87 - 03-11-2015, 06:04 PM
RE: Zagro Asia - by dydx - 03-11-2015, 06:05 PM
RE: Zagro Asia - by greengiraffe - 03-11-2015, 06:13 PM
RE: Zagro Asia - by Nebula - 03-11-2015, 06:15 PM
RE: Zagro Asia - by hailstorm87 - 03-11-2015, 06:21 PM
RE: Zagro Asia - by dydx - 03-11-2015, 06:39 PM
RE: Zagro Asia - by greengiraffe - 03-11-2015, 08:08 PM
RE: Zagro Asia - by opmi - 03-11-2015, 08:50 PM
RE: Zagro Asia - by theasiareport - 03-11-2015, 06:40 PM
RE: Zagro Asia - by Dividend Hermit - 03-11-2015, 08:37 PM
RE: Zagro Asia - by ryan - 03-11-2015, 08:53 PM
RE: Zagro Asia - by dydx - 03-11-2015, 09:05 PM
RE: Zagro Asia - by PkNanas - 03-11-2015, 10:32 PM
RE: Zagro Asia - by pianist - 04-11-2015, 12:03 AM
RE: Zagro Asia - by hailstorm87 - 04-11-2015, 12:19 AM
RE: Zagro Asia - by pianist - 04-11-2015, 11:17 PM
RE: Zagro Asia - by hailstorm87 - 06-11-2015, 01:03 AM
RE: Zagro Asia - by pianist - 04-11-2015, 10:53 PM
RE: Zagro Asia - by AQ. - 04-11-2015, 08:20 AM
RE: Zagro Asia - by brattzz - 04-11-2015, 09:34 AM
RE: Zagro Asia - by kehyi4 - 04-11-2015, 09:43 AM
RE: Zagro Asia - by dydx - 04-11-2015, 09:48 AM
RE: Zagro Asia - by brattzz - 04-11-2015, 10:01 AM
RE: Zagro Asia - by CityFarmer - 04-11-2015, 10:09 AM
RE: Zagro Asia - by SpeedingBullet - 04-11-2015, 09:52 AM
RE: Zagro Asia - by brattzz - 04-11-2015, 10:16 AM
RE: Zagro Asia - by hailstorm87 - 04-11-2015, 10:28 AM
RE: Zagro Asia - by dahuai84 - 06-11-2015, 09:21 PM
RE: Zagro Asia - by pianist - 07-11-2015, 08:37 AM
RE: Zagro Asia - by dahuai84 - 08-11-2015, 11:45 PM
RE: Zagro Asia - by theasiareport - 09-11-2015, 08:12 AM
RE: Zagro Asia - by sgmystique - 09-11-2015, 10:27 AM
RE: Zagro Asia - by brattzz - 09-11-2015, 09:37 AM
RE: Zagro Asia - by Jacmar - 09-11-2015, 11:13 AM
RE: Zagro Asia - by ghchua - 09-11-2015, 01:18 PM
RE: Zagro Asia - by theasiareport - 09-11-2015, 04:32 PM
RE: Zagro Asia - by dahuai84 - 11-11-2015, 11:36 PM
RE: Zagro Asia - by opmi - 12-11-2015, 12:04 AM
RE: Zagro Asia - by dahuai84 - 13-11-2015, 09:23 AM
RE: Zagro Asia - by CityFarmer - 09-11-2015, 04:55 PM
RE: Zagro Asia - by pianist - 09-11-2015, 09:05 PM
RE: Zagro Asia - by CityFarmer - 09-11-2015, 09:12 PM
RE: Zagro Asia - by pianist - 09-11-2015, 10:29 PM
RE: Zagro Asia - by theasiareport - 11-11-2015, 09:01 PM
RE: Zagro Asia - by snapsnap - 12-11-2015, 03:46 PM
RE: Zagro Asia - by theasiareport - 17-11-2015, 03:11 AM
RE: Zagro Asia - by dahuai84 - 24-11-2015, 11:01 PM
RE: Zagro Asia - by greengiraffe - 24-11-2015, 11:09 PM
RE: Zagro Asia - by dahuai84 - 24-11-2015, 11:24 PM
RE: Zagro Asia - by CityFarmer - 25-11-2015, 10:25 AM
RE: Zagro Asia - by dydx - 25-11-2015, 10:21 PM
RE: Zagro Asia - by SpeedingBullet - 26-11-2015, 08:36 PM
RE: Zagro Asia - by ZZF - 26-11-2015, 11:03 PM
RE: Zagro Asia - by opmi - 26-11-2015, 11:30 PM
RE: Zagro Asia - by ZZF - 27-11-2015, 10:02 AM
RE: Zagro Asia - by pianist - 03-12-2015, 07:38 AM
RE: Zagro Asia - by dahuai84 - 03-12-2015, 10:28 AM
RE: Zagro Asia - by opmi - 03-12-2015, 11:07 AM
Zagro Asia - by ksir - 03-12-2015, 11:57 AM
RE: Zagro Asia - by pianist - 03-12-2015, 12:23 PM
RE: Zagro Asia - by dahuai84 - 03-12-2015, 12:41 PM
RE: Zagro Asia - by high powered - 04-12-2015, 02:23 PM
RE: Zagro Asia - by learner88 - 04-12-2015, 07:55 PM
RE: Zagro Asia - by dydx - 04-12-2015, 09:19 PM
Zagro Asia - by ksir - 04-12-2015, 10:56 PM
RE: Zagro Asia - by pianist - 05-12-2015, 08:47 AM
RE: Zagro Asia - by CityFarmer - 06-12-2015, 09:20 PM
RE: Zagro Asia - by testwrite - 06-12-2015, 08:17 AM
RE: Zagro Asia - by pianist - 06-12-2015, 08:41 AM
RE: Zagro Asia - by thor666 - 06-12-2015, 11:53 AM
RE: Zagro Asia - by CityFarmer - 06-12-2015, 09:26 PM
RE: Zagro Asia - by testwrite - 15-12-2015, 03:38 PM
RE: Zagro Asia - by ZZF - 08-12-2015, 05:26 PM
RE: Zagro Asia - by hailstorm87 - 08-12-2015, 06:11 PM
RE: Zagro Asia - by brattzz - 08-12-2015, 07:47 PM
RE: Zagro Asia - by pianist - 08-12-2015, 09:12 PM
RE: Zagro Asia - by testwrite - 09-12-2015, 08:00 AM
RE: Zagro Asia - by dydx - 09-12-2015, 08:57 AM
RE: Zagro Asia - by sgpunter - 09-12-2015, 09:39 AM
RE: Zagro Asia - by dydx - 09-12-2015, 02:04 PM
RE: Zagro Asia - by learner88 - 09-12-2015, 11:54 PM
RE: Zagro Asia - by desmondxyz - 10-12-2015, 01:28 AM
RE: Zagro Asia - by dydx - 10-12-2015, 07:29 AM
RE: Zagro Asia - by pianist - 10-12-2015, 07:42 AM
RE: Zagro Asia - by ghchua - 10-12-2015, 10:44 AM
RE: Zagro Asia - by desmondxyz - 10-12-2015, 02:20 PM
RE: Zagro Asia - by desmondxyz - 11-12-2015, 11:00 PM
RE: Zagro Asia - by pianist - 12-12-2015, 09:14 AM
RE: Zagro Asia - by ghchua - 13-12-2015, 10:21 PM
RE: Zagro Asia - by pianist - 13-12-2015, 11:30 PM
RE: Zagro Asia - by ghchua - 14-12-2015, 11:32 AM
RE: Zagro Asia - by ZZF - 14-12-2015, 11:46 AM
RE: Zagro Asia - by ghchua - 14-12-2015, 12:00 PM
RE: Zagro Asia - by ZZF - 14-12-2015, 04:38 PM
RE: Zagro Asia - by ghchua - 14-12-2015, 11:50 AM
RE: Zagro Asia - by pianist - 14-12-2015, 10:20 PM
RE: Zagro Asia - by pianist - 14-12-2015, 10:26 PM
RE: Zagro Asia - by thor666 - 15-12-2015, 03:48 PM
RE: Zagro Asia - by brattzz - 15-12-2015, 04:36 PM
RE: Zagro Asia - by testwrite - 13-01-2016, 08:18 AM
Zagro Asia - by ksir - 13-01-2016, 09:31 AM
RE: Zagro Asia - by testwrite - 13-01-2016, 09:45 AM
RE: Zagro Asia - by dydx - 03-02-2016, 09:43 PM
RE: Zagro Asia - by pianist - 04-02-2016, 04:31 PM
RE: Zagro Asia - by desmondxyz - 04-02-2016, 05:58 PM
RE: Zagro Asia - by pianist - 04-02-2016, 10:25 PM
RE: Zagro Asia - by CityFarmer - 05-02-2016, 09:38 AM
RE: Zagro Asia - by ZZF - 05-02-2016, 01:50 PM
RE: Zagro Asia - by hailstorm87 - 09-02-2016, 09:08 PM
RE: Zagro Asia - by exastar - 14-02-2016, 12:38 AM
RE: Zagro Asia - by ghchua - 14-02-2016, 11:49 AM
RE: Zagro Asia - by exastar - 14-02-2016, 11:19 PM
RE: Zagro Asia - by pianist - 16-03-2016, 10:06 PM
RE: Zagro Asia - by brattzz - 17-03-2016, 09:17 AM

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