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SuperBowl
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Jackpot2010
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17-Oct-2013 21:50
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some fireworks today. Out of total vol 1.421m - all were done at 74c, vs 53k at 73.5c. Today's buyers not going to sell to HH at 75c for sure. | ||
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Jackpot2010
Master |
17-Oct-2013 12:23
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slowly move 1 tick up. 74 vs 74.5. Besides Siah Ooi Choe Francis there is another minority shareholder to watch, i.e. Morph Investment Ltd. The latter is a private fund focused on under-valued stocks that are target for privatisation. Its portfolio investment include Lion Teck Chiang, Guthrie GTS, former Courts, Stamford Land and Singapura Finance. Hopefully Suerbowl can cross > 80c soon.  |
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derekchong
Veteran |
10-Oct-2013 11:33
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like that no hope of a substantial shareholder > 5% giving a counter offer at higher price. |
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Jackpot2010
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10-Oct-2013 10:52
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Background check: Siah Ooi Cheo Francis He was the ex-MD of Lamipak Industries in Singapore. Was once a corporate high flier & featured in New York Times articles, but subsequently hit the rock & declared bankrupt in 1986 (27 yrs ago) for owing $120m to 20 banks here. Since then been discharged from bankruptcy. He can't be on the side of Teo family to accept a lousy 75c-offer. Thus I expect SB px to start moving up from today. DYODD - opposite scenario is this: IF offer price is not revised upward then SB may fall. |
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Jackpot2010
Master |
09-Oct-2013 21:13
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Besides the husband & wife team (5.258%) there are 2 others big minorities, viz. Morph Investment (2.81%) and Pang Heng Kwee (1.13%) - assuming the last 2 are still vested per annual report.  1) Husband (Siah Ooi Choe Francis) direct interest in Elinton P/L + deemed interest in Wife (Geraldine Tan Wan Cher). They have been accumulating SB shares over the years, so not so easy for them to accept 75c-offer. Previous Holdings at 20/3/2013: 11.800m (3.63%) per annual report Previous Holdings at 7 Oct 2013: 16.120m (4.951%) Latest Holdings at 8 Oct 2013: 17.120m (5.258%) 2) Morph Investment at 20/3 : 9.137m (2.81%) per annual report 3) Pang Heng Kwee at 20/3: 3.67m (1.13%) per annual report Bottomline is this: The above minority holding nearly 10% is likey to reject the 75c-offer. Thus with other minorities, the minimum 90% to delist SB may not be achieved. Decision-time:   Buy more SB shares tomorrow? there are risk either way, not straight forward. DYODD. |
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derekchong
Veteran |
09-Oct-2013 18:25
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there is a 3rd party holding more than 5% of superbowl, hard time for hiap hoe. has to increase the offer price no choice. |
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derekchong
Veteran |
08-Oct-2013 09:19
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take over $0.75 cents but some fool selling $0.735. |
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Pauperman
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07-Oct-2013 22:19
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75c is way too low lor. They taking advantage of the weak sentiment. I was expecting $1 or more. 
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Jackpot2010
Master |
07-Oct-2013 21:39
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HH offer 75c to privatise S/Bowl. Don't sell too fast. Can hit 80c, offer is too low.  |
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Jackpot2010
Master |
02-Oct-2013 19:44
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Tomorrow still on trading halt pending full reply to sgx later on.....don't know when? Question 1: Are you aware of any information not previously announced concerning you (the issuer), your subsidiaries or associated companies which, if known, might explain the trading? - If yes, the information must be announced immediately.  " The Company is exploring potential corporate restructuring opportunities. Subsequent to this  announcement, the Board will make additional announcement(s) via SGXNet to provide an  update on any such corporate transactions before the lifting of the trading halt." |
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Jackpot2010
Master |
01-Oct-2013 15:20
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Hiap Hoe oso halted at 3.05pm. High chance making an offer to privatise SB. Good luck.
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Jackpot2010
Master |
01-Oct-2013 12:58
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SGX query on share price up. but expect a template reply: " Do not know of any circumstances..." . bcos Hiap Hoe not halted, continue to trade = means takeover is not now. If just bought then Hold, RNAV of SBL is more than $1.30 by most conservative estimates (due to ZSP Hotel revaluation n other retail properties gain). |
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Pauperman
Veteran |
01-Oct-2013 12:53
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discover this jewel late but manage to get in before the halt. hehe.... something big coming? | ||
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Jackpot2010
Master |
01-Oct-2013 10:40
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63c - All-time High. Only few of us interested in value investing. Family feud recently settled out-of-court but no details released yet. I believe a restructuring of the group is coming, M& A of HH & SBL. |
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derekchong
Veteran |
30-Sep-2013 15:13
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price and volumn are higher than yesterday. something brewing. |
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derekchong
Veteran |
30-Sep-2013 09:21
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its on the move to new high. hiap hoe will follow also. |
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derekchong
Veteran |
27-Sep-2013 09:57
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on your radar screen please. going to move. |
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derekchong
Veteran |
24-Aug-2013 09:02
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Director/CEO buying at $0.490. more good news coming. |
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derekchong
Veteran |
21-Aug-2013 10:50
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from hope to waiting for it to happen. just cross my fingers and wait. |
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oceanblue
Senior |
21-Aug-2013 10:20
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Went up today in a down market. | ||
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