Penguin International

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if we don't take up the offer and hold on to this stock. 
After it get privatize or delisted, will retail investor still be handed out dividends?
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(12-06-2023, 01:36 PM)nornot Wrote: if we don't take up the offer and hold on to this stock. 
After it get privatize or delisted, will retail investor still be handed out dividends?

Hi nornot,

The above will not happen as the offeror will exercise compulsory acquisition to acquire all the remaining shares out there when it reaches 90% acceptance and delist the company.

If they cannot achieve 90%, the shares will remain listed on SGX.
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Looks like another huge order of 24 CTVs from Farra Marine..
https://www.linkedin.com/posts/marine-gr...er_desktop
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(15-06-2023, 03:52 PM)dydx Wrote: Looks like another huge order of 24 CTVs from Farra Marine..
https://www.linkedin.com/posts/marine-gr...er_desktop

hold on tight to your shares! Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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Another order for 2 fast passenger & car ferries for Abu Dhabi Ports Group signed at 2023 Seawork..
https://www.linkedin.com/search/results/..._posted%22
https://workboat365.com/commercial-marin...t-ferries/

The report also mentioned another order of 2 patrol boats for Nigeria Customs signed last year.
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that's like an estimated cool +20 millions worth of contracts awarded already... Smile

Kongsberg is a front-runner for autonomous vessels, Big Grin

Keep a tight hold on your shares! Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
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2 days to go till the close of offer.

Quote:As at 6.00 p.m. (Singapore time) on 20 June 2023, based on information available to the Offeror, the Offeror has received valid acceptances amounting to 187,273,141 Shares, representing approximately 85.06% of the total number of Shares in the Company, which includes the acceptances received from persons acting or deemed to be acting in concert with the Offeror.

Source: SGX Annoucement
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(20-06-2023, 08:09 PM)lonewolf Wrote: 2 days to go till the close of offer.

Quote:As at 6.00 p.m. (Singapore time) on 20 June 2023, based on information available to the Offeror, the Offeror has received valid acceptances amounting to 187,273,141 Shares, representing approximately 85.06% of the total number of Shares in the Company, which includes the acceptances received from persons acting or deemed to be acting in concert with the Offeror.

Source: SGX Annoucement

can extend at least 2x... drag out 2-4 months... Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Reply
(20-06-2023, 08:09 PM)lonewolf Wrote: 2 days to go till the close of offer.

Quote:As at 6.00 p.m. (Singapore time) on 20 June 2023, based on information available to the Offeror, the Offeror has received valid acceptances amounting to 187,273,141 Shares, representing approximately 85.06% of the total number of Shares in the Company, which includes the acceptances received from persons acting or deemed to be acting in concert with the Offeror.

Source: SGX Annoucement

The most important consideration has to be whether the current offer at $0.83/share is good enough, bearing in mind the intrinsic value of the underlying group businesses continues to grow - and based on the current market information, the businesses are doing exceptionally well backed by a massive inflow of orders and technological advancement. If the answer to the above is "not to sell" or "better to hold for the longer term" or "sell together with the controlling consortium shareholders", the closing date of the offer - which most likely will be extended - would become irrelevant.
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Right on cue and eloquently articulated by dydx and prophecised by brattzz, the offer has been extended by 2 weeks to 6 July 2023. The current level stands at approximately 86.83%.

SOURCE: SGX Annoucement
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