Latest Forum Topics /
Eneco Energy
Last:0.011
+0.001
|
 Post Reply
|
|
Ramba Energy Limited
|
|||||||||
|
jacelin84
Member |
08-Sep-2013 23:41
|
||||||||
|
x 0
x 0 Alert Admin |
Hope it can open at 67.5 above its immediate resistance.
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
Gooners1975
Member |
08-Sep-2013 23:28
|
||||||||
|
x 0
x 0 Alert Admin |
think can go either way....but market sentiments are good over the weekend with china reporting good figures too so kinda feel it should go up. Ramba and Rex are definitely on my must-watch list tomolo |
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
|
|||||||||
|
DrEaMzZz
Member |
08-Sep-2013 23:24
|
||||||||
|
x 0
x 0 Alert Admin |
What will be the opening price for Tmr??? Any prediction???
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
muifan
Master |
08-Sep-2013 23:06
Yells: "Take the leap of faith dont regret 20 years later!" |
||||||||
|
x 0
x 0 Alert Admin |
short sell amount for ramba on Fri:
1080 lots..i think most katek got caught as counter halted 1pm...dont think kateh in time to cover so early in the day.......so tomorrow should have covering...
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
jacelin84
Member |
08-Sep-2013 22:56
|
||||||||
|
x 0
x 0 Alert Admin |
Hopefully to see a gap up when opens tmor as kateh make a stampede to cover their shorts. |
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
|
|||||||||
|
jacelin84
Member |
08-Sep-2013 22:53
|
||||||||
|
x 0
x 0 Alert Admin |
In all GO,normally the price will trend upwards if the offeror price is not realistic.Offeror will likely to counter offer another price in an attempt to obtain its objective. PT Sugih Energy sees synergy btwn the two companies especially the potenial of Lemang block hence it will not walk away if this 1st round of partial offer failed. |
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
Gooners1975
Member |
08-Sep-2013 19:43
|
||||||||
|
x 0
x 0 Alert Admin |
Sugih's offer is not beneficial to the shareholders. thinking whether will this takeover attempt will cause the share price to rise or not
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
Peter_Pan
Supreme |
08-Sep-2013 18:02
Yells: "did you order dunkin' donuts" |
||||||||
|
x 0
x 0 Alert Admin |
Offer price too low | ||||||||
| Useful To Me Not Useful To Me | |||||||||
|
|
|||||||||
|
Octavia
Elite |
08-Sep-2013 17:57
|
||||||||
|
x 0
x 0 Alert Admin |
IMO, BBs and SSH will likely to push up the px ultimately within these 14 days. Huat arh!! |
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
Octavia
Elite |
08-Sep-2013 17:51
|
||||||||
|
x 0
x 0 Alert Admin |
Investors shld wait out a circular containing the advice of the IFA and the recommendation of the Independent Directors.It will be sent to the Shareholders within 14 days from the date of the despatch of the Offer Document to be issued by the Offeror. |
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
Octavia
Elite |
08-Sep-2013 17:48
|
||||||||
|
x 0
x 0 Alert Admin |
Trading resumes on Monday,9 sep 13 at 9am. |
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
starlene
Elite |
07-Sep-2013 21:01
|
||||||||
|
x 0
x 0 Alert Admin |
Ramba is in the production of oil...and I feel the offer at 65cts may be too low...Imagine offer at 65cts ..hold potential for REX with major strong shareholders if oil is discovered(matter of time only)..crossing the $1 shd not be a problem..Ramba is still losing $$$ like REX....more upside for REX based on..
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
|
|||||||||
|
Octavia
Elite |
07-Sep-2013 15:44
|
||||||||
|
x 0
x 0 Alert Admin |
Px shld edge up as sizeable amt of naked shorts were not covered on Friday.
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
Octavia
Elite |
07-Sep-2013 15:40
|
||||||||
|
x 0
x 0 Alert Admin |
This can be true if seller agrees to Prime Partner offer.
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
Octavia
Elite |
07-Sep-2013 15:34
|
||||||||
|
x 0
x 0 Alert Admin |
PrimePartners Corporate Finance Pte. Ltd. (" PPCF" ) wishes to announce, for and on behalf of Sugih Energy Pte. Ltd. (the " Offeror" ), that subject to and contingent upon the satisfaction of the Pre-Conditions (as defined in Section 2.1 below), the Offeror intends to make a voluntary conditional cash partial offer (the " Partial Offer" ) to acquire 51% of the issued ordinary shares (" Shares" ) in the capital of Ramba Energy Limited (the " Company" ) as at the Record Date (as defined in Section 15 below). As at the Announcement Date and subject to further enquiries to be made as described in Section 12.4 below, parties set out in Appendix 1 of this Announcement are deemed acting in concert with the Offeror (" Relevant Persons" ) and they own an aggregate of 112,201,200 Shares, representing approximately 32.74% of the total number of issued Shares1. Details of the shareholdings of the Relevant Persons as at the Announcement Date (if any) are set out against their respective names in Appendix 1 of this Announcement. 3.1 Principal Terms of the Partial Offer Subject to and contingent upon the satisfaction or waiver of the Pre-Conditions and the terms and conditions to be set out in the Offer Document, the Offeror intends to make the Partial Offer in accordance with Rule 16.4 of the Code on the following basis: (a) Offer Shares. The Partial Offer will be made for 51% of the issued Shares as at the Record Date, not already owned, controlled or agreed to be acquired by the Offeror(the " Offer Shares" ). (b) Offer Shareholders. The Partial Offer will be extended to all holders of Shares in issue as at the Record Date, including parties acting or presumed to be acting in concert with the Offeror in connection with the Partial Offer (the " Offer Shareholders" ). (c) Offer Price. The Partial Offer will be made on the following basis: For each Offer Share: S$0.65 in cash (the " Offer Price" ) 7.1 Information on the Offeror The Offeror is a company incorporated in the Republic of Singapore on 24 July 2013 and is a direct wholly-owned subsidiary of Sugih. Its principal activities are those of an investment holding company and was set up by Sugih for the purpose of the Partial Offer. As at the Announcement Date, the Offeror has an issued share capital of S$2.00 comprising two issued ordinary shares held by Sugih. As at the Announcement Date, the directors of the Offeror are Mr Andhika Anindyaguna Hermanto, Mr Fachmi Zarkasi and Mr Christopher Stanley Gani. 7.2 Information on Sugih Sugih is an energy producer incorporated in Indonesia and is listed on the IDX. Sugih's core businesses are (i) oil and gas exploration and (ii) oil and gas services. Within the energy sector, Sugih offers a wide range of services, such as integrated drilling services, equipment procurement and rental, rig mobilization, well work-over and enhancement services, as well as drilling consulting throughout Indonesia. Through its subsidiaries, Sugih currently holds equity interests in two exploration blocks in Sumatra, Indonesia: (a) a 49% equity interest in Lemang PSC block (the other 51% being held by the Company as mentioned below) and (b) a 100% equity interest in Kalyani PSC block as an operator. As at 5 September 2013, Sugih has a market capitalization of approximately IDR 10.73 trillion. Based on Sugih's annual report for the financial year ended 31 December 2012 (" FY2012" ), Sugih recorded revenue and gross profit of approximately US$7,556,567 and US$5,331,196 respectively for FY2012. As at the Announcement Date, the members on the Board of Commissioners of Sugih are Mr Erros Djarot, Mr Wally Abdullah Saleh, Mr John Aryananda and Mr Zaenal Asikin. As at the Announcement Date, the directors of Sugih are Mr Andhika Anindyaguna, Mr Christopher Stanley Gani, Mr Fachmi Zarkasi and Mr Chia Hsin Wu. 8. INFORMATION ON THE COMPANY The main businesses of Ramba and its subsidiaries (the " Ramba Group" ) are (i) oil and gas exploration and production in Indonesia and (ii) supply chain related logistic services in the region (including transportation activities, distribution management, seaport and airport cargo handling services, etc). The Company also has a portfolio of oil and natural gas assets in Indonesia and has recently announced the discovery of oil reserves at Lemang PSC block in Sumatra, Indonesia. Through its local subsidiary, Hexindo, the Company holds a 51% equity interest in Lemang PSC block as an operator. 9.3 Harnessing potential synergies Sugih sees significant potential for achieving operational, geographical, and brand synergies by leveraging on the strengths of both entities in areas such as: (a) enhancing the level of operational synergies between Sugih and its subsidiaries (the " Sugih Group" ) and the Ramba Group by establishing a global supply chain for the Sugih Group and the Ramba Group with a view to achieving savings in procurement due to demand aggregation, superior bargaining power and better terms with their suppliers and a more efficient business management system (b) marketing of the integrated product offerings of the Sugih Group and the Ramba Group under a unified brand name will help in capitalising on the opportunity to create a global brand name in the industry by leveraging each other?s resources, expertise and capabilities and at the same time will result in economies of scale in advertising and marketing spend (c) potential synergies for the Sugih Group to work together with the Ramba Group to tap on the opportunities in the procurement of oil and gas contracts by the provision of a cross-geographical business network and (d) greater collaboration between the Sugih Group and the Ramba Group to create the ability to drive regional expansion on a platform of providing advanced services and high-quality products across geographical boundaries. Through the Partial Offer, not only economies of scale can be derived through increased bargaining power, consolidation of purchasing volume and ompetitiveness, which would enable the Sugih Group and the Ramba Group to be accorded higher regard and priority in services amongst its suppliers, distributors and business partners but it will also lead to improved offerings to customers, exciting career opportunities for employees and long-term value for stakeholders 9.5 Realisation of part of their investments by the Offer Shareholders at a premium to the benchmark prices referred to in Section 6 above, coupled with an opportunity to stay invested in the Company The Partial Offer presents an opportunity for the Offer Shareholders to realise part of their investment at a premium to the benchmark prices of the Offer Shares referred to in Section 6 above while retaining the balance of their equity interest in the Company which will provide the option to continue to participate in the long-term growth of the Company under the guidance of Sugih. 9.6 Retention of listing status The Partial Offer allows for the retention of the Company?s listing status on the SGX-ST and such continued listing will further enable the Company to provide the Offer Shareholders with an ongoing interest in its future financial performance and to remain invested in the long term growth of the Company. |
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
Octavia
Elite |
07-Sep-2013 15:30
|
||||||||
|
x 0
x 0 Alert Admin |
Recall it ran up to 79c on 3 Jun13 and halted. Management said the company has received an offer at 65 and found it insufficient....they are looking for more than 80 cents.Presumably the offer came from one of the SSH,Chee Heong back then.After the lapse, from the SGX filings,think he has reduced his stake below 5%.
Buyer values it at 65ct means it will not drop below 65ct. Since they want 51%, they have to pay for it as shareholders like DMG and BBs won't agree to that price.Whether seller wants to sell or not is another thing so the price can only go up now until they counter offer again.As Sugih does not intend to privatise it they may push it higher after the acquisition.
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
Octavia
Elite |
07-Sep-2013 15:24
|
||||||||
|
x 0
x 0 Alert Admin |
PRE-CONDITIONAL PARTIAL OFFER BY PRIME PARTNERS http://infopub.sgx.com/FileOpen/Pre-conditional_Partial_Offer_Announcement_6Sep13.ashx?App=Announcement& FileID=255573 |
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
kelvinLim123
Master |
07-Sep-2013 10:55
|
||||||||
|
x 0
x 0 Alert Admin |
You sound like you buy below this 65, I do not wish to know what px. good luck,
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
|
kelvinLim123
Master |
07-Sep-2013 10:48
|
||||||||
|
x 1
x 0 Alert Admin |
If u bought, just leave it, at least save broker fees. let them come and take from you, | ||||||||
| Useful To Me Not Useful To Me | |||||||||
|
Peter_Pan
Supreme |
07-Sep-2013 10:47
Yells: "did you order dunkin' donuts" |
||||||||
|
x 0
x 0 Alert Admin |
I see. Well will see how when trading resumes. Now we know 0.65 is safety net liao.
|
||||||||
| Useful To Me Not Useful To Me | |||||||||
