| Latest Forum Topics / Ascott |
 Post Reply
|
|
Ascott
|
|
|
shplayer
Elite |
26-Feb-2008 10:09
|
|
x 0
x 0 Alert Admin |
Yes, very intriguing...... Now that CapLd has >90% of Ascott....they will apply to SGX to delist the company after offer closes. Once its approved, they will have the right to acquire all outstanding share at 1.73 (less div payout....if any). If, CapLd bought a single share from the open market at >1.73, they will have to revise their offer to all the highest price they paid and this will be retroactive to all who have accepted their offer. Looks like some ppl just have too much $$$$ to throw. |
| Useful To Me Not Useful To Me | |
|
Fairygal
Veteran |
26-Feb-2008 09:43
|
|
x 0
x 0 Alert Admin |
But curious leh, why people want to buy above 1.73, or rather way way above 1.73? Too much money huh? Unless got inside news....or what? |
| Useful To Me Not Useful To Me | |
|
|
|
|
limhpp
Veteran |
26-Feb-2008 09:37
|
|
x 0
x 0 Alert Admin |
Ya not angry, VERY angry  
|
| Useful To Me Not Useful To Me | |
|
Fairygal
Veteran |
26-Feb 09:04
|
|
x 0
x 0 Alert Admin |
I read it says within 10 days. But CDP counter told me 10 - 21 days. What a contrast! Capland has gotten more than 95 % according to CNA yesterday. The price done yesterday and this morning sure get lots of people fed-up, including me! |
| Useful To Me Not Useful To Me | |
|
limhpp
Veteran |
25-Feb-2008 17:07
|
|
x 0
x 0 Alert Admin |
That means CapitaLand have not got 90%. Aiya, I should not have send it off last Friday. Shit! |
| Useful To Me Not Useful To Me | |
|
|
|
|
Ucrano
Member |
25-Feb-2008 17:03
|
|
x 0
x 0 Alert Admin |
Trading and closed at 1.850. Really amazing. |
| Useful To Me Not Useful To Me | |
|
shplayer
Elite |
25-Feb-2008 17:00
|
|
x 0
x 0 Alert Admin |
If you read the offer carefully, CapLd said they will make payment 'within 10 days' of receipt of acceptance. |
| Useful To Me Not Useful To Me | |
|
limhpp
Veteran |
25-Feb-2008 16:30
|
|
x 0
x 0 Alert Admin |
|
| Useful To Me Not Useful To Me | |
|
|
|
|
Fairygal
Veteran |
25-Feb-2008 10:53
|
|
x 0
x 0 Alert Admin |
After I submitted to CDP, I asked them how long will it take for payment. The ans: 10 to 21 days. I left CDP with a heavy heart. |
| Useful To Me Not Useful To Me | |
|
limhpp
Veteran |
25-Feb-2008 10:47
|
|
x 0
x 0 Alert Admin |
I am also not sure when they will pay us, but it is definitely slower than selling through the market.  
|
| Useful To Me Not Useful To Me | |
|
Fairygal
Veteran |
25-Feb-2008 10:34
|
|
x 0
x 0 Alert Admin |
How long does it take for them to pay us if we hand in the letter of acceptance last Thursday? |
| Useful To Me Not Useful To Me | |
|
limhpp
Veteran |
25-Feb-2008 09:55
|
|
x 0
x 0 Alert Admin |
Aiyo, send my letter on Friday and to see today buyup at 1,74. Sickening.... Hmm..... what if I just sell now through the mkt??? 
What will happen? |
| Useful To Me Not Useful To Me | |
|
|
|
|
shplayer
Elite |
20-Feb-2008 23:54
|
|
x 0
x 0 Alert Admin |
89.74%.........one more trading day and it'll all be over. Perhaps it already over cos, don't forget, agent banks have not submitted acceptances from those using CPF. |
| Useful To Me Not Useful To Me | |
|
limhpp
Veteran |
20-Feb-2008 12:13
|
|
x 0
x 0 Alert Admin |
If Cap got 90%, they can 'FORCE' all investors to sell to them. They will probably delist to save cost. |
| Useful To Me Not Useful To Me | |
|
Ucrano
Member |
20-Feb-2008 11:37
|
|
x 0
x 0 Alert Admin |
Can anyone share what will happen if they do have more than 90%? What will happen to those investors that did not opt to fill in the form and sell the Ascott shares back to Cap. Will the share price of Ascott head south or north? |
| Useful To Me Not Useful To Me | |
|
Fairygal
Veteran |
20-Feb-2008 09:54
|
|
x 0
x 0 Alert Admin |
Actually come to think of it, Q at 1.74 has a risk factor attached. If only one lot of our total lots are done at 1.74, we still have to pay the min brokerage. I will march down to CDP tmr morning, unwillingly. I think CapLand is very confident of the 90% hold by 26 feb. They ride on market sentiments. Management very quick-witted! |
| Useful To Me Not Useful To Me | |
|
limhpp
Veteran |
20-Feb-2008 09:21
|
|
x 0
x 0 Alert Admin |
I am so sad to hear that they are so close to 90%.  I am very reluctant to fill up the form....
I have also try to queue for 1.74 but didn't get it as I was told a lot of brokers queue very early in the morning each day. sianz............. |
| Useful To Me Not Useful To Me | |
|
Fairygal
Veteran |
20-Feb-2008 08:40
|
|
x 0
x 0 Alert Admin |
Will try one last time for 1.74 Queue before submitting form tomorrow. They should get hold of more than 90% by Friday. |
| Useful To Me Not Useful To Me | |
|
ccktsp
Member |
19-Feb-2008 22:40
|
|
x 0
x 0 Alert Admin |
Thanks for the advice shplayer. I'll go fill up form and submit. |
| Useful To Me Not Useful To Me | |
|
shplayer
Elite |
19-Feb-2008 22:32
|
|
x 0
x 0 Alert Admin |
ccktsp, well you need to calculate your sales proceed if you sell at 1.74 (less brokerage+ stamp duty+GST etc).vs accepting offer at 1.73 (no brokerage etc).....which will give you more. If selling at 1.74 results in more $$$, then you need to consider if you can get into the Q at 1.74 to sell early enough. Bear in mind at the end of today's trade, 314 lots were done @ 1.74 (another 650 lots married deal) vs almost 6000 lots in the Q to sell at 1.74. Hope this helps. |
| Useful To Me Not Useful To Me | |