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China Minzhong Food forum
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BMW320
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02-Sep-2013 10:30
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Everything will settle at the stock market where to play and how to win. Reminds me of a recent HK movie... the situation is familiar.
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1035834
Member |
02-Sep-2013 10:29
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Indofood May Bid for Rest of China Minzhong Amid Glaucus AttackPT Indofood Sukses Makmur, the Indonesian noodle maker, may bid for the rest of China Minzhong Food Corp. (MINZ) after a slump in the vegetable processor?s shares following a report by short-seller Glaucus Research Group.
Putian, China-based Minzhong received a letter from Indofood saying an offer may be made today, according to a statement from Minzhong. Indofood doubled its stake in Minzhong this year to 29 percent, according to data compiled by Bloomberg. Laborers unload boxes of PT Indofood CBP Sukses Makmur's Indomie instant noodles at a port in Pekanbaru, Riau province, Indonesia. Photographer: Dimas Ardian/Bloomberg Minzhong tumbled 48 percent on Aug,. 26, the most since its April 2010 share sale in Singapore, taking its market value to S$347 million ($272 million) after Glaucus questioned the company?s accounts in a report. The company last night denied the allegations, describing them as going beyond fair comment. The statements by Glaucus, which has an office in Newport Beach, California, were made with the sole objective of driving down the company?s share price and gaining from the decline, Minzhong said yesterday. Jakarta-based Indofood said last week it?s comfortable with its investment. Indofood conducted due diligence before making its investment, Director Thomas Tjhie said Aug. 26, adding he had spoken to Minzhong?s chief financial officer about the Glaucus report. |
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Peter_Pan
Supreme |
02-Sep-2013 10:27
Yells: "did you order dunkin' donuts" |
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Will they offer 20% premium above last traded price? | ||||
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heavenknow
Member |
02-Sep-2013 10:26
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So key takeaway from this incident is want to hit the dog, have to see who is the master first. |
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BMW320
Member |
02-Sep-2013 10:24
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My frn, director no need to sell now. They will buy. Shortist have to buy at whatever price Indofood offered.
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BMW320
Member |
02-Sep-2013 10:19
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The whole idea of Indofood buying is to kill the shortist and increased the market share. When investor regain the confidences, all the securities fund be it retailer will start to follow in where the price will move higher.
I believe they are plotting how much do they need to offer for glaucus and all the shortist to buy back - dig their own grave. |
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Slowturtle
Member |
02-Sep-2013 10:19
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Only 655 Mil shares issued. If majority shareholders unwilling to sell at low price, short sellers in limbo and will have to buy up to cover. |
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ysh2006
Senior |
02-Sep-2013 10:18
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Or current price, average of 5 days also can ! MAS ruling also apply lah...
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Blanchard
Senior |
02-Sep-2013 10:12
Yells: "Winners cry..... Losers smile....." |
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Glaucus Research: |
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Henry$$$
Senior |
02-Sep-2013 09:50
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I guess Salim won't be stupid offer > 50C, depended how sereve is their accounting problem!!! | ||||
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iuhne1
Member |
02-Sep-2013 09:49
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Those who bought at $0.5x really earn until bu qin bu chu, at the expense of shortists. | ||||
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GorgeousOng
Elite |
02-Sep-2013 09:44
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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The most is $1. More likely .80.... Salim will only buy cheaper than 1.12 大 家 一 起 发 ！
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notmybiz
Member |
02-Sep-2013 09:40
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Wrong la.. Olam got Ah Ma Temasek CMZ got Ah Gong Salim (richest man of Indonesia)
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Peter_Pan
Supreme |
02-Sep-2013 09:38
Yells: "did you order dunkin' donuts" |
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Now is to see what will be Indoagri's offer price...if above $1...Glaucus can go holland liao... | ||||
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guragon
Member |
02-Sep-2013 09:30
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Glaucus did not learn from Muddy Waters!!! Olam has big Ah Gong GIC CMZ has big Ah Gong Salim, the richest man in Indonesia Chinaman cannot lose face!!! |
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GorgeousOng
Elite |
02-Sep-2013 09:25
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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Sista, Baca PM. |
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1035834
Member |
02-Sep-2013 09:23
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Or might be it is part of the plan for Indo and ask Glaucus Research to provide help to lower down the price. Both win -win, get low and sell high. | ||||
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dippyboy
Member |
02-Sep-2013 09:22
Yells: "Plsdoyourownhomework.Personalopinion,Disclaimerapplies." |
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Indofood shortsqueeze. Shortsellers worst nightmare came true. You dont go around creating panic and reaping millions out of frighten souls, even if wrong. | ||||
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WanSiTong
Master |
02-Sep-2013 09:14
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Cup noodles from Indofood ?
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notmybiz
Member |
02-Sep-2013 09:12
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Skali Indofood offer $1.00 another conglomerate counter-offer $1.20 like F& N saga. Investors sitting on holding will be laughing their way to the bank. |
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