Post Reply
41-60 of 522
Anyone can shed some lights on this counter. Worth investing? And is the fundamental strong?
| 1. | Date of notice to issuer * | 16-02-2009 |
| 2. | Name of Director * | John Gokongwei, Jr. |
| 3. | Please tick one or more appropriate box(es): * |
|
|
| >> PART II |
| 1. | Date of change of Interest | 13-02-2009 |
| 2. | Name of Registered Holder | DBS Vickers Securities (Singapore) Pte Ltd |
| 3. | Circumstance(s) giving rise to the interest or change in interest | Open Market Purchase | |
| # Please specify details |
|
| 4. | Information relating to shares held in the name of the Registered Holder | ||||||||||||||
|
| No. of shares held before the change | 0 | 484,647,000 |
| As a percentage of issued share capital | 0 % | 35.183 % |
| No. of shares held after the change | 0 | 484,847,000 |
| As a percentage of issued share capital | 0 % | 35.198 % |
| Footnotes |
|
| 1. | Date of change of Interest | 12-02-2009 |
| 2. | The change in the percentage level | From 11.995 % To 10.939 % |
| 3. | Circumstance(s) giving rise to the interest or change in interest | # Others | |
| # Please specify details |
|
| 4. | A statement of whether the change in the percentage level is the result of a transaction or a series of transactions: |
|
| No. of shares held before the change | 0 | 165,228,005 |
| As a percentage of issued share capital | 0 % | 11.995 % |
| No. of shares held after the change | 0 | 150,680,005 |
| As a percentage of issued share capital | 0 % | 10.939 % |
| Footnotes |
|
In Scenorio 3, the counter offer is by MS.The average price GKW paid is very much less than $2.85.
Let said, GKW sold UIC to MS at $1.50 on condition and the counter offer by MS at $1.50.
WCY will has to raise the offer. Strategicaaly it is good for MS and GKW.
In stock mkt nothing is sure and nothing is impossible.
Scenerio 2 ....highly unlikey.....price too low ....MS wont sell.
Scenerio 3.....very, very highly unlikely.......lowest price GKW can counter offer is 2.85...the highest price he paid for UIC in past 6 mths. Cost to him if he counters will be about $ 3 bil...see BT article in other thread.
Scenerio 1......highly probable......price too low. As stated earlier..this GO by WCY is not serious.......shareholders will not accept GO. Current price of 1.25.......common sense dictates which way shareholders who want to liquidate will go.
No brainer....
derekchong ( Date: 18-Jan-2009 17:59) Posted:
|
derekchong ( Date: 18-Jan-2009 17:59) Posted:
|
3 possible scenario.
Scenario 1
WCY offer failed and can only buy 1% of UIC share in any 6 month period.
Scenario 2
Morgan Stanley took the offer and WCY shares increased to 42 %
GKW now the second largest shareholder with 36 %
Scenario 3
Morgan Stanley with the support from GKW , a counter offer with higher price.
Combined they have 48 %.
If this happen, WCY will has a hard time.
Ha ha, DIC also in the same ship. Wondering how much perks d people can get fr d new budget.
Much hard cash had been evapourated fr our pockets. D amount getting fr d new budget to put back inside our pocket, negligible liao, guesses.
Nonetheless, as d old folk said, investment is 5-30yrs down d line ones. Thats not wrong either. Wait long long is the words loh. Still worth a cheer.
Time for break.
shplayer ( Date: 16-Jan-2009 12:16) Posted:
|
Temasick got no more $$$. Lost all in foreign banks, Foreign telecom cos, Aussie Child care...etc. Now, sold or trying to sell assets (SpFood, power stations) to recoup some $$$. So, don't think they can afford such a venture at this time. Perhaps its better this way, cos whatever they touch, they lose $$$$, which is our $$$$.
Also, many years ago, Temasick, thru DS, tried to takeover OUB Group.......but got outsmarted, out manueovered by WCY....and OUB fell into the hands of WCY and was merged with UOB.
Today, UOL still controlled by WCY......so, looks like Temasick's effort to block was in vain.....
Many years ago, Sp Food was a subs of SembCorp. Xx Jinx tried to sell the shares of Spfood back to SCI shareholders thru a rights issue. SCI shareholders revolted on the grounds of why should they pay for something they already own.....Xx Jinx thot sharholders were stupid......but this did not work. In the end, Temasick bought Spfood from SCI.
Not so long ago, before the oil rig boom, Temasick made a GO for SembMar for $1.10.......intending to take it private.......This exercise failed cos shareholders saw the value of SM.
4 years ago, Temasick made a GO for NOL at 2.80......increasing their stake from about 28% to 68%.....today, NOL is trading at 1.10.
derekchong ( Date: 16-Jan-2009 10:33) Posted:
|
Many years ago, WCY tried to buy UOL at dirt cheap price and
was challenged by Temasek. This time he try on UIC.
Will Temasek challenge him again.
Wah Tycoon buying up most of the office landbank space at half price in singapore... Rich still rule man... buying at 50% of NTA..
Meaning most of the valuation office space in shenton at market price @ 50% discount for him... Privatisation of UIC and sell to the market at lower still make fat fat money
How not to make money for the rich with the current depress property counters., trading at 60% below book value.. Buy up the company and delist it.. I think more of such deal will come..
elf,
No big deal lah...this is a DUD.
elfinchilde ( Date: 14-Jan-2009 11:42) Posted:
|
augh! and i haven't bought it yet!! *bangs head on wall*
lol.
g'luck to those vested! :))))
shplayer ( Date: 14-Jan-2009 09:15) Posted:
|
UIC & SpLand trading halt.
GO announcement?