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Amtek Engineering Post Reply Rate topic
choohian Senior	06-Jun-2007 09:31        choohian About Contact  Quote this Post!
x 0   x 0  Alert Admin	sohguanh, for your information, if I sell my 43,000 Amtek through my broker, there will be a brokerage of $131.24, clearing fee $18.74, SGX fee 43.52, 5%gGST $7.68 ( total =$161.18)  Direct to CVC, I'll have to pay handling charges to my broker.
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choohian Senior	06-Jun-2007 09:02        choohian About Contact  Quote this Post!
x 0   x 0  Alert Admin	sohguanh, no need to pay brokerage charges but you may have to pay some handling charges. The problem will be the delay in payment by the buyer. You may ask your broker such things.
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sohguanh Veteran	05-Jun-2007 12:35        sohguanh About Contact  Quote this Post!
x 0   x 0  Alert Admin	When the CVC buy back from us at $1.10 do we still have to pay the sell transaction brokerage charges? If need pay then may as well sell off ourselves. If no need pay then wait for them to send the form can save on $25++ correct?
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tuntan8888 Senior	05-Jun-2007 12:10        tuntan8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	This means the bidder (CVC) is obliged to buy from u @ 1.10 (ie unconditional) but at this moment, you r not 'forced' to sell until CVC reach 90% holdings when they can take Amtek private (ie delist).
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sohguanh Veteran	05-Jun-2007 12:00        sohguanh About Contact  Quote this Post!
x 0   x 0  Alert Admin	New announcement of Mandaory Unconditional as the Offeror has obtained 54% of total shares. Does that mean all we small shareholders are now FORCED to sell to the Offeror at their asking price? They will mail us the form to fill in and then submit?
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tuntan8888 Senior	05-Jun-2007 11:08        tuntan8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Would be better IF CVC deal is called off....but because they've bought over 50%, offer is now UNconditional. More likely is: UP offer 'cos of low pickup or announcing other competing bids...
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mavenkg Member	05-Jun-2007 09:47        mavenkg About Contact  Quote this Post!
x 1   x 0  Alert Admin	Maybe to increase the price !!!
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spurs88 Senior	05-Jun-2007 09:44        spurs88 About Contact  Quote this Post!
x 0   x 0  Alert Admin	CVC to call off acquisition..................
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tuntan8888 Senior	05-Jun-2007 08:11        tuntan8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	TRADING HALT (5 Jun) ! http://info.sgx.com/webcorannc.nsf/ef3ba6cb188613ea482571b2003641d3/7c4051156c2fc4df482572f0007fee3e?OpenDocument
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tuntan8888 Senior	29-May-2007 20:56        tuntan8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Deloittes hv been appointed as Independent financial adviser, but is merely a mouthpiece of the majority shareholders - of no use to us. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_6D90CAF6FECDF322482572E90042C654/$file/AppointmentOfIFA.pdf?openelement
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sunshinesz Member	29-May-2007 00:17        sunshinesz About Contact  Quote this Post!
x 0   x 0  Alert Admin	Today CVC bought about 3.6m average is 1.099. Still far less than it needs to meet. I hold within this week before their deadline. haha
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lucky168 Veteran	28-May-2007 18:36        lucky168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think today last min buy-in @ $1.10 with high volume of 1.8m shares. CVC getting desperate?
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tuntan8888 Senior	28-May-2007 17:38        tuntan8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Very quiet. But up a cent to 1.10. I believe no more sellers left @ 1.09 after today. Last Trades Volume BuyVol Mid SellVol 1.090 55 736,000 700,000 0 36,000 1.100 6 3,602,000 0 0 3,602,000 TOTAL 61 4,338,000 700,000 0 3,638,000
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lucky168 Veteran	26-May-2007 01:23        lucky168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	hope for white knight. keep your fingers crossed!
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tuntan8888 Senior	25-May-2007 22:18        tuntan8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Rather disappointing, nobody pushing it today. I'm confused whether to hold on or sell n move on.! The scenario here is similar to First Engineering Ltd, whereby the latter's acceptance was only 85%. Difference is that Amtek is even worse, 56.9% as of yesterday. Obviously CVC will not be able to secure the 90% mark to take it private. But what's going to happen after, will it fall below $1.10 if CVC did not continue supporting it after offer closed. Though I believe CVC is intent to take it private so that they can stripped its assets and sell it piecemeals to others at higher prices later on. Any views to share?
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lucky168 Veteran	25-May-2007 20:25        lucky168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	CVC Group already secured 56.9% of Amtek as at yesterday. Today volume for Amtek is only 965 lots, so assuming they are the only buyer for this entire volume, what they secured is definitely less than 58%. Next week has only 4 working days, how much more can they secure? Whoever wanted to sell has already sold off during the last 2-3 days. Let's wait for the drama to unfold.
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sohguanh Veteran	25-May-2007 13:29        sohguanh About Contact  Quote this Post!
x 0   x 0  Alert Admin	Let's lion open big mouth and ask the company who wanna buy Amtek to DOUBLE their bid and we see how. Maybe that will attract sellers hahahah
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lucky168 Veteran	25-May-2007 13:18        lucky168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	at the rate they are going, unlikely to hit 90% by 4Jun cannot even reach 60% now since no >5% shareholders pledge to sell to them goes to show how misery the price is !
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tuntan8888 Senior	25-May-2007 11:25        tuntan8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Ya not many sellers left @ 1.10. Most of the contrarians already exit. Up to 24 May, CVC Group secured ONLY 56.9% of Amtek, so unlikely to reach the min. 90% mark to take it private. They only pick up another 300 lots in morning trade so far. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_AE02848067395281482572E6000E2213/$file/DealingDisclosure_post25May2007.pdf?openelement
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lucky168 Veteran	25-May-2007 09:44        lucky168 About Contact  Quote this Post!
x 0   x 0  Alert Admin	practically no seller at $1.10? what does that imply?
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