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SMB takeover at 32 cts plse reject the offer!!!
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settowin
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29-Dec-2011 16:08
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Actually to be clean is better than to be dirty although to be dirty makes you some money for you. Culmulative effect is bad, though. The Japanese has a good name and are honoured for this although their past war-generation were a bit ruthless as told by our historians. Since correction after the war, they are a respected lots.
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settowin
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29-Dec-2011 16:01
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Total no. of companies lost to takeover and privatized works to out to 5 for me already. All of them slightly below my average buy prices, not counting interests lost on holding on for some time. That is why I see Sg market as a dirty market. Be careful, players/investors! Don't keep too long if there is a chance to sell for profit and stay away after selling. |
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francisd
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28-Dec-2011 15:26
Yells: "BUY LOW SELL HIGH" |
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Another good news for SMB shareholders. Japan's Osaki makes $152 mln bid for Singapore's SMB SINGAPORE, Dec 28 (Reuters) - Tokyo-listed Osaki Electric Co < 6644.T> has offered to buy Singapore's SMB United Limited The offer price is a 9.6 percent premium to the SMB United's last traded price. Osaki plans to delist SMB from the Singapore Exchange and privatize it, according to a filing to the Singapore bourse on Wednesday. The Singapore unit of Daiwa Capital Markets is the financial adviser to Osaki on the deal. |
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settowin
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28-Dec-2011 10:45
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Singaporean shareholders (public investors - uncles, aunties and some traders) could not be bothered even if they were actually shortchanged or scammed by takeovers arrangements. (Not this case specifically.) This is because individually no one dared to be a hero to lead a vote to reject any offer. From our stock market history, probably one or two big timers affected had thrown in a " NO" vote, but in most known cases, there had always been smooth sailing for takeovers of a public listed company. People always thought that share voting is like GE (General elections) voting, you cannot alter any determined course what, why waste your energy, sort of thinking. Actually this is a sad thing for our stock investors. We have no organization to protect us, and no certain authorities covering the jurisdiction of corporate takeovers, even if " robbing" is involved and what we can do or cannot do is LL and see things happening. Unlike USA investors, they are protected in many areas of frauds, bankruptcy of brokerages, or misuses of systems. Just hard luck for you, that is it.
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Singer88
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28-Dec-2011 10:20
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Should be a better offer this time from another interested party......haha | ||
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sgandy
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06-Dec-2011 19:55
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Hello, if for example, 70% accepted the offer, what will happened to the shares of the 30% who did not accept the offer. At what % will SMB be delisted or complusorily acquired? Thanks. |
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Singer88
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06-Dec-2011 16:31
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You can wait for a better offer or sell later as long as it still listed in SGX. SMB’s Board of Directors, after careful consideration of the terms of the Boer Offer and the advice of its independent financial advisor, has unanimously decided to recommend that shareholders reject the unsolicited Boer Offer. The Board agrees with the independent financial adviser that the Boer Offer price does not appear to represent an exit price that would adequately compensate shareholders for the loss of listing status of SMB and the SMB shares (if the privatisation of SMB materialises after the close of the Boer Offer and as intended by Boer). Accordingly, the Board recommends that SMB shareholders not tender any of their shares to Boer. Lee Phuan Weng, Chairman of the Board, stated, “SMB’s Board of Directors has evaluated Boer’s offer and concluded that it does not appear to reflect the value of SMB and its growth profile.” “We recommend SMB shareholders to reject Boer’s offer which fails to reflect our current financial position and growth profile,” said Lawrence Lee, SMB’s Chief Executive Officer. “The Boer Offer price does not appear to reflect any control premium for SMB, does not recognise the contribution of EDMI Limited (“EDMI”) as a wholly-owned subsidiary and does not appear to reflect the earnings and growth profile of SMB where EDMI contributed approximately 70% of the SMB Group’s earnings before interest and tax and EMDI’s revenue grew by 51% compared with the prior year period, based on SMB’s third quarter results.” |
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salimsait
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04-Dec-2011 20:15
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can anyone tell me what will happen if I dont take up the offer and keep the share with me.. and if I want to sell it after 6 moths what I should do and how i can sell it. Pls advice me. tks |
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jlim70
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31-Oct-2011 22:59
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Singer88
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31-Oct-2011 15:17
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Reject | ||
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