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Latest Posts By risktaker - Supreme      About risktaker
First   < Newer   9401-9420 of 11272   Older>   Last  

24-Apr-2010 14:53 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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Let u know a secret :) There a couple of traders out there waiting to cover their shorts on monday :P I want to see them Cry as they short in the friday morning and didnt have the chance to cover back.

I want them to cover high.



ruanlai      ( Date: 24-Apr-2010 14:48) Posted:



Monday Morning Short at the high follow by the high of DOW....

Then direction will go all the way to south as things not confirm yet as someone is not accepting.

Short it and huat lar....
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24-Apr-2010 14:48 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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Monday Morning Short at the high follow by the high of DOW....

Then direction will go all the way to south as things not confirm yet as someone is not accepting.

Short it and huat lar....
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24-Apr-2010 14:37 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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Barring  unforseen  circumstances,  without any NEW bad news,  BAKER TECH will BREAK OUT.

May be  even  for  YANGZIJIANG, as recommended by analyst  with a TP S$2.07  for  YANGZIJIANG.

CHECK OUT at  CHANNEL  NEWS  ASIA  FORUM  for  more information.

Please be  CASUAL,  no need to be formal.



xavier26      ( Date: 24-Apr-2010 13:01) Posted:



Yo Mr pharoah88,

  What will the counter open on monday???? Up or Down?
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24-Apr-2010 14:36 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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x 0 		so what does that mean? will YZJ up or down? headache~ i wish i know!
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24-Apr-2010 14:32 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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x 0 		Baker Tech accepts Yangzijiang's offer to buy PPLH

By NISHA RAMCHANDANI


BAKER Technology has accepted an offer from shipbuilder Yangzijiang Shipbuilding (Holdings) to buy PPL Holdings (PPLH) from Baker for US$155 million.


Baker, which received a letter of offer from Yangzijiang on April 16 to buy all of PPLH, said that accepting the offer allowed the company to unlock the value of its investment in PPLH. PPLH is an investment holding company that holds a 15 per cent stake in PPL Shipyard, which constructs offshore drilling rigs.

Baker also said it had received a letter from Sembcorp Marine on April 22 through its lawyers 'demanding that (Baker) not accept the offer' as Sembcorp Marine alleged that any sale to Yangzijiang would circumvent Sembcorp Marine's pre-emptive rights to have first right of refusal over the sale of PPLH's shareholdings in PPL Shipyard. Sembcorp Marine has an 85 per cent stake in PPL Shipyard.

'The board has sought and received legal advice that Sembcorp Marine has no basis for its claims,' Baker said in an announcement on the Singapore Exchange yesterday evening.

Yangzijiang, which is based in China, is making the purchase together with a Middle East investor, the shipbuilder said last week.

If the acquisition goes through, Yangzijiang, the Middle Eastern investor and Mediterranean Success Group - which is wholly owned by Yangzijiang's non-executive director Yu Kebing - will hold stakes of 50.1 per cent, 45 per cent and 4.9 per cent respectively in PPLH.

As part of the deal, Yangzijiang will place 83.55 million new shares to the Middle Eastern investor at $1.295 a share. The proceeds will be used for the acquisition.
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24-Apr-2010 13:01 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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Yo Mr pharoah88,

  What will the counter open on monday???? Up or Down?
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24-Apr-2010 12:36 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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WOW       WOW        WOW 

Baker Tech ACCEPTS Offer

SINGAPORE

In a filing on Friday, Baker said that it has received a binding letter of offer from Yangzijiang to buy the entire and paid up share capital of PPLH for US$155 million ($208 million).

Payment for the acquisition will be made in cash after the completion of the sale and purchase of the Sale Shares, the announcement said.

One condition of the agreement is an escrow agreement that requires the purchaser to deposit the Total Sum with an escrow agent.

*EXTREMELY SMART GOVERNANCE*

The sale of the shares is still subject to the approval of shareholders at an extraordinary general meeting to be convened.— Mainboardlisted Baker Technology said it has accepted Yangzijiang Shipbuilding’s offer to purchase Singapore- based PPL Holdings.

Millet Enriquez

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24-Apr-2010 12:34 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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THANK YOU VERY MUCH for KIND SHARING

GOOD  KARMA



tradersgx      ( Date: 24-Apr-2010 04:36) Posted:



tradersgx      ( Date: 24-Apr-2010 03:08) Posted:

Rationale: YZJ To Enter The Robust Offshore Sector (^.^  )

The Board of Yangzijiang is of the view that this strategic acquisition would be in the best interest
of the Group as Yangzijiang’s post-Acquisition involvement in PPL Shipyard's business for the
design and construction of offshore drilling rigs would add to, and further strengthen Yangzijiang's
capabilities in this area and further the Group's development and competency strategies.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

19 April 2010 CIMB

Yangzijiang Shipbuilding; Move into Offshore

OUTPERFORM;  Target: S$2.07
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24-Apr-2010 11:52 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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Without prejudice, I see no reason why BT should turn down the offer by YZJ. The offer is just too good. YZJ is probably one of the top 3 wealthiest (if not the wealthiest) shipbuilders in the region and they could splash a lot of vitamin M in to expand PPL. I remember the times when the economic is doing badly, profits of YZJ is still pouring in like waterfall. I dont think it’s wise for SCM to counter offer as the amount offered by YZJ is out of this world. Unless, TH(temasek) want to step in to help a bit. But this will affect their other investments and they will have to answer to the shareholders. Even if SCM do counter offer, don’t forget YZJ is capable of counter offering back with another better offer.

Looking at Part A section 8 - Interests of Directors and Controlling Shareholders, of the announcement release by BT, the only director that has got shares of YZJ is Tan Yan Guan who is holding 50,000 shares. 50 000 shares at current market price is not worth a lot. Furthermore, none of the Directors or controlling shareholders of the Company has any interest, direct or indirect, in the Proposed Disposal. Hence, I don’t think the acceptance of offer by BT is of personal interest/profits/gains within the directors board. Otherwise, every director will be holding on to tons of shares now. The acceptance is of best interest of the shareholders of BT.

It just doesn’t make sense for SCM to disagree with the deal, after all, if YZJ help PPL to expand and increase profits, SCM will benefits as well. The disagreement is perhaps personal? Not wanting competition from others? Remember the time when there’s only 1 telco in Singapore?

Just my personal view, I may be wrong. Lol~ let’s wait and see!

looks like oil is up! Time to stock oil? ChinaOilField? any advice?

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24-Apr-2010 11:38 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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The news is out.  YZJ has received the letter of acceptance from BT but also aonther letter that SML does not accept the offer.  http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_FB78E113DFBC228A4825770F00124AE7/$file/Announcement_PPLH.pdf?openelement

What's next?

 
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24-Apr-2010 04:36 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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tradersgx      ( Date: 24-Apr-2010 03:08) Posted:

Rationale: YZJ To Enter The Robust Offshore Sector (^.^  )

The Board of Yangzijiang is of the view that this strategic acquisition would be in the best interest
of the Group as Yangzijiang’s post-Acquisition involvement in PPL Shipyard's business for the
design and construction of offshore drilling rigs would add to, and further strengthen Yangzijiang's
capabilities in this area and further the Group's development and competency strategies.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

19 April 2010 CIMB

Yangzijiang Shipbuilding; Move into Offshore

OUTPERFORM;  Target: S$2.07



risktaker      ( Date: 23-Apr-2010 23:44) Posted:



Ok guess its time to let YZJ cruise to $1.60 next week. Since Baker accepted the deal. Its good news for YZJ :)

 
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24-Apr-2010 03:08 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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Rationale: YZJ To Enter The Robust Offshore Sector (^.^  )

The Board of Yangzijiang is of the view that this strategic acquisition would be in the best interest
of the Group as Yangzijiang’s post-Acquisition involvement in PPL Shipyard's business for the
design and construction of offshore drilling rigs would add to, and further strengthen Yangzijiang's
capabilities in this area and further the Group's development and competency strategies.

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

19 April 2010 CIMB

Yangzijiang Shipbuilding; Move into Offshore

OUTPERFORM;  Target: S$2.07



risktaker      ( Date: 23-Apr-2010 23:44) Posted:



Ok guess its time to let YZJ cruise to $1.60 next week. Since Baker accepted the deal. Its good news for YZJ :)

 
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23-Apr-2010 23:46 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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was worried about the counter offer from SCM :) Guess Its already done and close :P



DnApeh      ( Date: 23-Apr-2010 22:15) Posted:

Do we have a counter offer?

lucky44      ( Date: 23-Apr-2010 21:59) Posted:


The announcement from BT's side is out.  Seems like SCM is objecting to the sale of PPL to YJ.  Any comments on this?

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9C327E0AEF06A9B34825770E00465681/$file/AnnDisposalofPPLH.pdf?openelement

.


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23-Apr-2010 23:44 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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Ok guess its time to let YZJ cruise to $1.60 next week. Since Baker accepted the deal. Its good news for YZJ :)

 
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23-Apr-2010 23:22 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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x 0 		The price of YZJ has dropped to the level before the initial announcement of the deal. Even though the deal concelled, we may not see panically sell-down Monday, espeicially if Dow performs well tonight, stay calm and enjoy weekend with your special ones.,
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23-Apr-2010 22:24 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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It doesn't matter anymore whether SCM is objecting the sale or not. This is because there's only one FACT from the annoucement, Bakers Tech has accepted the offer from YZJ. Main Highlight of the announcement is probably Part A(1) of the announcement,

"The Board wishes to announce that the Company has today accepted the Offer by the
Purchaser, for the Company to sell to the Purchaser the entire issued and paid-up share
capital of PPLH held by the Company on the terms and conditions as set out in the Letter
of Offer (the “Proposed Disposal”)."

Highlight of Part B is


"The Board has sought and received legal advice that SCM has no basis for its claims."

Whether SCM like it or not is not going to change the fact that BT has accepted the offer.

 So... Is it good news for YZJ and bad news for SCM? If so... is YZJ price going up and SCM going down? Someone please advice! Smiley
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23-Apr-2010 22:15 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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x 0 		Do we have a counter offer?

lucky44      ( Date: 23-Apr-2010 21:59) Posted:


The announcement from BT's side is out.  Seems like SCM is objecting to the sale of PPL to YJ.  Any comments on this?

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9C327E0AEF06A9B34825770E00465681/$file/AnnDisposalofPPLH.pdf?openelement

.

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23-Apr-2010 21:59 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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The announcement from BT's side is out.  Seems like SCM is objecting to the sale of PPL to YJ.  Any comments on this?

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9C327E0AEF06A9B34825770E00465681/$file/AnnDisposalofPPLH.pdf?openelement

.
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23-Apr-2010 19:47 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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Common sense will tell you la.....

Price up and halt will be for Good News......(Insiders know first)

Price Down and hlat will be for Bad News..... (From where.......Insiders know first).

SO WHAT DO YOU THINK ........  ? BAD NEWS OR GOOD NEWS
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23-Apr-2010 19:31 YZJ Shipbldg SGD   /   Cruising with the ship ..Yangzijiang       Go to Message
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I think YZJ is taking the similar path like Cosco but nobody can predict the future now.

The risk for downside is low as Semb has major stake in PPL. So this should be a portion of the good NEWS.



pharoah88      ( Date: 23-Apr-2010 17:11) Posted:

if  BAKER TECH  passed  ALL  RESOLUTIONS  including SELLING  PPL to YANGZIJIANG,  that is gOOd  news.

YANGZIJIANG can expand into  new business sector for additional growth.

But i cannot open the Notice of AGM AGENDA at Baker Tech website.



amyear76      ( Date: 23-Apr-2010 17:04) Posted:

Why like that means good news for Yangzijiang huh??
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