Gul Technologies Singapore

[propertyinvestor]

Gosh, current price at 0.137 compared to yesterday close 0.117. Up another hefty 17%.

http://info.sgx.com/webcoranncatth.nsf/V...7007F7A31/$file/GBA-120913-HoldingAnnouncement-Final.pdf?openelement

Possible buyout offer. They probably will offer a low price. Anyway, they are only 4% away.

Those who got it on the cheap, it is a good gain. But, for those that have followed through the thicks and thins with the company throughout the years, they are screwed to the max.

You are fast. Thanks for the info. Yes, those who follow thru the company since IPO are screwed very hard. Even those who bought since year 2006/7 are also screwed if the buyout offer is low. This reinforce the view that Tuan Sing management is not for minority shareholders. Company turned around and started making reasonable profits, they tried to delist it. Lets see how much is the buyout price and i do agree with yeokiwi it wont be high.

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Current price 0.147 now. At that price PB is 0.96 and PE is 3.18 assuming final year net profit is US$35 mil which is conservative imo.

May i ask, once the SGX announcement is made, can the offerer make purchase from the exchange direct?

As i am typing this, price is now 0.152. Gosh.

What are you talking about? There is no mention that Tuan Sing is the one making the offer. It could be an unrelated 3rd party.