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STXOSV
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srichipan
Master |
21-Dec-2012 10:43
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At what percentage can they do mandatory takeover?
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bishan22
Elite |
21-Dec-2012 10:42
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Can say bye bye to this counter. Used to make $$$ from this darling. 
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rutheone1905
Veteran |
21-Dec-2012 10:41
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any price u dislike u can choose not to sell....... they can force u only when they purchase enough to mandatory take over. |
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zacaroo
Member |
21-Dec-2012 10:36
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bid price now at 1.34
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MtFaber
Member |
21-Dec-2012 10:21
Yells: "PRICE may not equal VALUE" |
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Don't think you should sell. I believe the 1.22 price is a discount for block deal for the 50.75% stake. They are using the market price of 1.40 for December and 1.48 for the last 3 months as a basis for this figure. So in order for Fincantieri to take it private, they must offer a premium to the rest of the share holders which is a norm for taking it private.
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zacaroo
Member |
21-Dec-2012 10:11
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are u guys q-ing to sell? or still holding on to it | ||
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ethanetoh
Member |
21-Dec-2012 10:02
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why still don't lift the trading halt? after bad news got good news to come? | ||
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MtFaber
Member |
21-Dec-2012 09:29
Yells: "PRICE may not equal VALUE" |
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They are also offering to buy up the remaining shares. I think the remaining share holders may think 1.22 is too low.
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zacaroo
Member |
21-Dec-2012 09:27
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sian bought at 1.365 | ||
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merlin_magic
Senior |
21-Dec-2012 09:20
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I seriously hope so too so that I can buy cheap cheap...Evil me. | ||
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MtFaber
Member |
21-Dec-2012 09:19
Yells: "PRICE may not equal VALUE" |
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Question is: How much will they offer to buy up the remaining shares? | ||
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heavenknow
Member |
21-Dec-2012 09:19
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No worries on stx osv falling below 1.22, they already stated this offer will apply to minority share holders as well, which also translate to we got a floor price of 1.22...
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MtFaber
Member |
21-Dec-2012 09:18
Yells: "PRICE may not equal VALUE" |
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Under the transaction Fincantieri will buy, through its wholly owned subsidiary Fincantieri Oil & Gas S.p.A., 50.75% of STX OSV at a price of SGD 1.22 per share, totalling approximately Euro 455 million (approximately SGD 730 million). The offer price represents a discount of 12.9% to the closing price on 20 December, equal to SGD 1.40 per share, and of 17.5% to the weighted average price of the past three months, equal to SGD 1.48 per share. The closing of the acquisition will take place within the first four months of 2013 after the conditions precedent have been satisfied. Once these conditions precedent are satisfied, Fincantieri Oil & Gas S.p.A. will launch a mandatory cash offer for the remaining shares, in compliance with the rules of the Singapore Code on Take-overs and Mergers. Extracted from Press Release from Fincanteri |
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merlin_magic
Senior |
21-Dec-2012 09:09
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It simply means that the share price would go down... Usually, they would offer about 10% discount to the current share price for bulk purchase by large insitutions..... So, I guess a good entry price for retailer investor would be $1.34 ..... Ok...put in my q order already to long.... |
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jamesng
Veteran |
21-Dec-2012 09:09
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I think share price likely to fall to near 1.22 and very likely below it..... Share price was up last time because of likely sale of stake at much higher price.....and the high dividend.. I feel that the high dividend are likely not to be continued................ |
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brenocav
Member |
21-Dec-2012 08:53
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A couple weeks ago I read the offering price would be around 1.66 for the sale, what does the change to 1.22 mean for us?
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heavenknow
Member |
21-Dec-2012 08:51
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The offer price for 50.75% of stx osv is 1.22, I do not think this is the price they will offer for us retailers.
http://info.sgx.com/webcorannc.nsf/AnnouncementToday/D73505CB6BED071848257ADB0000F70E?opendocument |
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merlin_magic
Senior |
20-Dec-2012 10:44
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1.41 already! Regret | ||
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merlin_magic
Senior |
20-Dec-2012 09:29
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Escaped...Sold at 1.405... Yesterday I bought at 1.395.... Will I regret later? | ||
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rutheone1905
Veteran |
19-Dec-2012 22:27
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just to share: for those contra players if u enter huge vol at price 1.385, 1.38 n 1.375 then if u wanna let go before week end, then just take note that there will be a strong resistance at 1.415 (this in non TA figure, dont ask how i know, just listen). 
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