Swissco   

C20

No more news on the Acquired or Merger of Swissco er ... guess what, the Swissco now only S$0.785 liao, so can buy and accept the buy up by C2O's offer of S$0.89, a good deal indeed ! ha ha LOL.

 

Mr Yeo of Swissco is near retirment age, no surprise that he wants to sell out of Swissco.

But Swissco has bigger mkt cap (my not so recent issue of Share Investment shows Swissco Mkt Cap as $150m and C2O Mtk Cap abt $130m) and net profits than C20.  Usually, bigger company acquire smaller co.  If similar size, could be a merger.  But in this case, since Mr Yeo wana sell out, can't be a merger.

If big co. acquire small co, either get bank loan, issue shares or use internal cash.  Dont think C2O has abt $75m to acquire 54.75% of Swissco or $150m to acquire 100% of Swissco  and not sure if they can get a bank loan with their small scale business and current credit markets. 

So, likely way if for C2O to issue new shares to Swissco... With C2O at 45.5 cts an Swissco at 85.5 (offer price 89) cts... they may say 2 C2O shares for each Swissco shares.  Just guessing at this pt since no concrete announcement yet... which is dangerous...  make such a big announcement without concrete numbers on how the acquisition will be funded and priced... can be abandoned anytime, like Utd & Asia Water. 

Anyway, if you are Swissco shareholders,  should you accept shares of C2O, which according to my not so new Share Investment, is trading at triple digits PE, for you Swissco shares, which is cheap at 5 or 6 times PE.  And I think some brokerage has TP of >$1 for Swissco, 

 

 

 

Then buy swissco share ! The share is now only 0.84, the proposed price for this acquired price is 0.89. Still got miserable 0.05 kopi $. But what I felt is the other way round. When they go further is what share exchange crap or whatsoever, then turn out is Swissco is the actual company acquired C2O. The smart move here is when they don't have $$ to pay, and then anounce they will use share value to pay, then it is exhanged. This happen many time! So open your eye wider and do some homework ! Where this company get $$ to pay Yeo. Hee HEE. It is just my own assumption and not at any circumstances would any of my  opinion here to cause any legal action against me. I hereby state my disclaimer. Do some homework. Be careful !

 

 C20 Holdings proposes to acquire Swissco International.. 

http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1014309/1/.html

teeth53      ( Date: 20-Sep-2009 17:13) Posted: Woww, like that placement share swee, swee lehh, make mony liao on last closed px of Time Last Volume Bid/Ask 17:05:01 0.525 727,000 A   Last Trades Volume Bid Volume Mid Ask Volume 0.515 6 327,000 260,000 0 67,000 0.520 33 2,595,000 2,145,000 100,000 350,000 0.525 174 10,426,000 5,333,000 100,000 4,993,000 0.530 95 7,978,000 3,174,000 0 4,804,000 0.535 21 680,000 10,000 0 670,000 TOTAL 329 22,006,000 10,922,000 200,000 10,884,000

 

Woww, like that placement share swee, swee lehh, make mony liao on last closed px of

Time	Last	Volume	Bid/Ask
17:05:01	0.525	727,000	A

 

Last	Trades	Volume	Bid Volume	Mid	Ask Volume
0.515	6	327,000	260,000	0	67,000
0.520	33	2,595,000	2,145,000	100,000	350,000
0.525	174	10,426,000	5,333,000	100,000	4,993,000
0.530	95	7,978,000	3,174,000	0	4,804,000
0.535	21	680,000	10,000	0	670,000
TOTAL	329	22,006,000	10,922,000	200,000	10,884,000

 

 

 

Just for sharing FYI (info): http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_FAF0BAD477CAE49548257631003ED6D8/$file/C2O_Announcement_14Sept09.pdf?openelement, C2O_Announcement_14Sept09.pdf

The board of directors of the Company (the “

September 2009 (the “

Shares, at an issue price of S$0.4688 for each Placement Share.

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_81A36A358C642F0148257634003B40BE/$file/C2O_Announcement_17Sept09.pdf?openelementpari passu in all respects with the existing Shares.

The Placement Shares were issued and alloted on 16 September 2009 and the Placement Shares are

expected to be listed and quoted on Catalist with effect from 9.00 a.m. on 18 September 2009.

The Placement Shares will rank Board”) refers to the announcement made on 7Announcement”) in relation to the placement of up to 128,000,000 Placement

 

sellers disappearing fast, wanna grab better do it fast, monday gap up further

 

looks like the next Ezion in the making

 

rather illiquid, will move very fast.........

 

Offshore related stocks like Ezion, Ezra and Swiber have rallied strongly over past week.

Looks like this laggard offshore play is finally getting some attention today.

Better grab it fast.

 

The share placement of 207m shares will enable them to have the funds to do what they want.

 

Another S$0.95 up ! Cheong liao !

 

Sudden push up again in one day , up S$0.16 ! Amazing!

 

Amazing jump today again

 

This company shares price which had been push up so much is

finally dropping. Next result I am not suprised that it will drop more.

 

Very successfully push up, it seem likely to........here ur chart. hope it help.  Vol hit lower just after Sep07

Splits:none

Last Trade: 0.79 SGD Trade Time: 5:05PM SGT Change: 0.005 (0.64%) Prev Close: 0.785 Open: 0.795 Bid: 0.79 Ask: 0.795 1y Target Est: N/A

Day's Range: 0.79 - 0.81 52wk Range: 0.04 - 0.88 Volume: 739,000 Avg Vol (3m): 3,108,080 Market Cap: N/A P/E (ttm): N/A EPS (ttm): 0.00 Div & Yield: N/A (N/A%

 

Result so poor yet share price so high. Can't understand the logic.

http://www.finanznachrichten.de/pdf/20071011_190041_5FD_A947B68D384115C448257371003B769A.1.pdf

 

This is the best counter. From 0.3 to 0.8. 150% percent gain. Hope this champ will goes higher.

 

Please guys don't bank on it too much.  This counter is highly volatile.  Be careful. Will be up 10cent in a day and may go down likewise also.

 

thank u c2o...balance 10 lots ....free...