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What will be the outcome?
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tonylim
Master |
14-Feb-2011 16:13
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Drop a few cents each day can be quite scary.  Must be brave to cut loss.
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tonylim
Master |
14-Feb-2011 15:40
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I am afraid people are buying as they thought it is dirt cheap to go in. Anyway, Jaya had not been spectacular during the bulls.
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Jackpot2010
Master |
14-Feb-2011 14:51
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My gut feel is it won't go so low as 48c. No one knows the game plan of BBs. They can scare ppl to sell then rebound sharply. So far no panic selling  b'cos  Only 10m out of 355m (free float excluding new investors' holding) done, i.e. < 3% of free float. | ||||
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tonylim
Master |
14-Feb-2011 14:42
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still have time to let go and cut loss before it hit 48 cents if the mandatory unconditional offer comes true
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Jackpot2010
Master |
14-Feb-2011 10:18
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58c -8c offshore shipping 25%, vessel sales 75%,  when no vessel sales, its revenue plunged sharply. |
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Andrew
Master |
13-Feb-2011 22:46
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So.....what does jaya do for a living ? Does NOS inhibit these activities ? hmmmm....maybe can play.......
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Jackpot2010
Master |
13-Feb-2011 22:05
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52-wk low = 55c, NAV  31/12/10 = 67c. IF it drop to around 55c, can BUY! |
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des_khor
Supreme |
13-Feb-2011 21:45
Yells: "Tell me who is the God or MFT from this forum??" |
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Luckily I didn't trust the MFT from DBSV.... I bought it at 0.715 and sold at 0.73 ....
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Hulumas
Supreme |
13-Feb-2011 18:30
Yells: "INVEST but not TRADE please!" |
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I used to your statement already!
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rickyw
Master |
13-Feb-2011 11:06
Yells: "keep happy..." |
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ehh..so scary... | ||||
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timqoo
Senior |
13-Feb-2011 10:36
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mr market will not like uncertainties ... 27.3%? if only sgx can say not more than 10% discount. | ||||
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lesliesiaky
Member |
13-Feb-2011 09:18
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Yep, similar to PTT issuing the offer to Straits Asia at $0.80 in May 2009 when the share price is at $1. Net asset per share is at $0.68, when given a choice no point go for the unconditional cash offer, it will just benefit the consortium  offerer.
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Andrew
Master |
12-Feb-2011 23:41
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I doubt anyone with a sound mind will sell at this price.....NOS did not have a choice. You have !!!  OK ??
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Andrew
Master |
12-Feb-2011 23:34
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Another case of shares pledged to bank.  As early as Feb 4th already know what........
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des_khor
Supreme |
12-Feb-2011 23:04
Yells: "Tell me who is the God or MFT from this forum??" |
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Oh no ! another scandal......so scary !! | ||||
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acetron
Member |
12-Feb-2011 23:02
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Run Road..... | ||||
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Jackpot2010
Master |
12-Feb-2011 20:41
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http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_17198728C064A5DA4825783500188BA8/$file/MGO_Offer_Announcement_120211.pdf?openelement JAYA Major shareholder (NOS) sold off 54.7% at 48c. Mandatory cash offer now  : 48c (discount 27.3% to last traded px 66c.) Minority shareholders will be badly hurt on Monday (14 Feb). |
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lesliesiaky
Member |
11-Feb-2011 01:23
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hmm...is there any reason  for  the 12 months target price to be based on a discount acquisition? Is there a risk that they will delist?  Shouldn't  the long term price target  be based on book value or earning potential...anyone can shed some lights?     |
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rickyw
Master |
10-Feb-2011 17:25
Yells: "keep happy..." |
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PT: 0.66? just give 0.005?
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bsiong
Supreme |
10-Feb-2011 17:15
Yells: "The Greatest Wealth is Health" |
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Jaya Holdings: HOLD S$0.68 Bloomberg Code: JAYA SP Buyers for Affinity’s 54.7% stake in Jaya emerge Price Target: 12-month S$0.66 Buyers emerge for Jaya. According to news sources, buyers have emerged for Affinity Equity Partners’ 54.7% stake in Jaya (held via Nautical Offshore Services). Among the buyers is a consortium led by Jaya’s current CEO, Mr. Chan Mun Lye. Quoting sources involved in the matter, it was reported that discussions are at an advanced stage, and a definitive agreement could be reached soon after the release of its 2Q11 results on 11 February 2011. 7-13% discount to market price possible. While it is understood that a few bids came in, and that the final deal would not be sufficient to fully repay the bank lenders (up to 13 involved), around 70-75% of the lenders’ principal could be recouped from the sale. Based on this and the lenders’ original principal of US$233m (c. S$352.5m at S$1.513 per USD at the prevailing exchange rate in July 2007), we estimate a sale price of S$246.8m to S$264.4m (S$0.585 to S$0.626 per share), or a discount of 7-13% from yesterday’s closing price of S$0.675.   /dbsV/ |
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