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Ascott
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moneyface
Senior |
07-Jan-2008 17:42
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suddenly i just hate those cap land management... but wonder whats the price of the offer...
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shplayer
Elite |
07-Jan-2008 17:24
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GO by CapLd for Ascott Group (AG) and ART. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_59842BCAC6948D32482573C90031BD41/$file/CL.Pre-offerAnncTAG.7Jan08.pdf?openelement Details will be out tomo. Now, it is clear why the price of AG was driven down from about 1.70+ to current levels despite strong fundamentals. On the way down, there were several married deals to push prices lower.....this is so that CapLd can buy AG on the cheap. I suspect the strategy was to boost CapiLd's flagging earnings with the expected property slowdown. Dirty BB play. But, no worries........the GO is a reflection of the fundamentals of AG. After the GO, CapitaLd will try to push up the price of AG. |
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edfedf
Member |
07-Jan-2008 17:17
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What does this mean? |
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alexmay
Veteran |
07-Jan-2008 17:15
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CapitaLand Limited (? its shares as well as the shares of its subsidiary, The Ascott Group Limited (? with a proposed voluntary general offer by a wholly-owned subsidiary of CapitaLand (? Subsidiary, will be set out in an announcement of its firm intention to make the offer,
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EastonBay
Master |
07-Jan-2008 16:45
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looks like it. 0638 GMT [Dow Jones] CapitaLand (C31.SG) may announce sale of property asset to partly owned serviced residences operator Ascott Group (A07.SG), which in turn could divest the asset into Ascott Residence Trust (A68U.SG), analysts say. "All three companies have halted the trading of their shares, so it must be a three-way deal," says OCBC analyst Winston Liew. Companies have declined to comment. Shares halted since early Monday pending announcement. CapitaLand last traded Friday at S$6.25; Ascott Group at S$1.21; Ascott Residence Trust at S$1.42. (PKK) |
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shplayer
Elite |
07-Jan-2008 15:54
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CEO Jennie Chua sold the assets of the company????? like she did with Raffles Hotel. Just a wild speculation. |
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xinreng
Member |
07-Jan-2008 11:38
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I hope so also .Keeping my fingers cross |
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ykjuay
Senior |
07-Jan-2008 09:54
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My broker said Ascott like discussing a leasing deal ....hopefully succeed ! |
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jennlsk
Member |
07-Jan-2008 09:50
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Ascott is in hospitality industry not property. Hospitality industry in growing in view of F1 & IRs in 08/09. |
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moneyface
Senior |
07-Jan-2008 09:44
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since it only halt ascott and cap land alone. it might be a merger or a break away from cap land.... very good news or very bad news... interesting and exciting to see what happens |
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cheongwee
Elite |
07-Jan-2008 09:41
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I think should be good to neutral...poperty doing well........vest 44lots..1.18c. |
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moneyface
Senior |
07-Jan-2008 09:30
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ascott and cap land merger? hahahaha |
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shplayer
Elite |
07-Jan-2008 09:28
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pikachu, If that is the case, then perhaps Spore Stock Exch should 'balek tidoh' everytime DOW has a big fall. 
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pikachu
Veteran |
07-Jan-2008 09:15
Yells: "Holy Cow!" |
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Maybe to avoid bloodshed today??! |
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shplayer
Elite |
07-Jan-2008 09:13
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CapitaLand, Ascott Gp and ART requested for trading halt. Wonder what it could be????? Anyone with any insights? |
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moneyface
Senior |
30-Dec-2007 15:55
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imho it seems like the selling preasure has subside. looks like the correction for this counter is over! formation of wave 1 looks to be in progress if it continue to gap up before the wave 2 formation that have a minor retracement. lets see... |
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singaporegal
Supreme |
27-Dec-2007 22:10
Yells: "Female TA nut" |
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Hi victor_lee, Hard to tell from the TA charts now. Like quite a lot of stocks currently, the volumes are low and the signals unclear. Better to wait till next year to see what happens. |
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victor_lee
Member |
26-Dec-2007 22:26
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Never break 1.20. And rise on small vol onli. Need few more days to confirm. Somemore got to see if STI can sustain uptrend and now near resistant 3490-3550. Singaporegal any comments? Thanks in advance. |
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moneyface
Senior |
26-Dec-2007 20:31
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it on road to recovery? |
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shplayer
Elite |
21-Dec-2007 09:33
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ghpreal, Agreed. It is on my radar screen. At current price, it is beginning to look interesting for medium to long term. |
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