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It's time to rebound ????
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pharoah88
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26-Apr-2010 20:22
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Singapore Hot Stocks-Baker falls on SembCorp's move on PPL Reuters - Monday, April 26 SINGAPORE, April 26 - The benchmark Straits Times Index <.FTSTI> was 0.41 percent higher as of 0237 GMT on Monday. The following stocks were on the move: ** BAKER TECH DOWN AFTER SEMBCORP MARINE ISSUES LAWYER LETTER Shares of oil service provider Baker Technology <BATE.SI> fell as much as 10.6 percent to 50.5 Singapore cents after Sembcorp Marine <SCMN.SI> said it had the first right of refusal over the 15-percent stake in PPL Shipyard which Baker is selling to a group led by Yangzijiang Shipbuilding <YAZG.SI>. [ID:nSNZ8rCbrR] Baker Technology said on Friday, Sembcorp, through a lawyer's letter, demanded that the sale of PPL shipyard circumvents its pre-emptive rights to buy the remaining shares in PPL which it does not already own. Sembcorp Marine owns 85 percent of PPL Shipyard. Baker Technology said the board has sought and received legal advice that SembCorp Marine has no basis for its claims. Traders said the Sembcorp's move creates some confusion on whether Baker's deal with Yangzijiang will go ahead. "I don't think it makes any difference whether Baker Tech sells to SembCorp or Yangzijiang," said a trader at a Singapore brokerage firm, "but some investors may have interpreted that the deal won't go through". Around 0237 GMT, Baker Technology was down 6.19 percent at 53 Singapore cents with over 31 million shares changing hands.
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pharoah88
Supreme |
26-Apr-2010 18:20
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WRONG WRONG RIGHT RIGHT RIGHT WRONG WRONG RIGHT WRONG RIGHT WRONG RIGHT |
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pharoah88
Supreme |
26-Apr-2010 18:06
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Their REACTION was sO FAST ?
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pharoah88
Supreme |
26-Apr-2010 18:03
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yOur brOker is gOd's mOther ? ? ? ? sO RiGHT ? ? ? ?
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buysell
Member |
26-Apr-2010 15:12
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Have some thoughts after the announcement from SCM. Many would interpret as a negative and complication hence the sell off this morning which is expected. However, if you view the overall picture, BT is still a winner regardless on the eventual outcome. Watch the volume & sell off this morning and the price sentiment now. Still sell? ponder further. |
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wishbone
Master |
26-Apr-2010 14:41
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Very Obvious BT will be the ultimate WINNER as for NOW.
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MarkLiao60
Member |
26-Apr-2010 14:17
Yells: "Mark" |
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What If YZJ only got the 15% of PPL without SCM blessing? 1. What will happen to BT? 2. What will happen to YZJ? 3. Who benefit from this? SCM? YZJ? or BT?
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wishbone
Master |
26-Apr-2010 12:30
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I doubt this will happen. 1. Unlikely that SCM will sell its
85% stake in PPL The bone of contention is now on the 15% stake owned by BT,to whom it will sell it, with SCM having the pre-emption rights to buy. So keep watching the drama unfolds and ultimately BT will still be the winner.
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boliaoguy
Member |
26-Apr-2010 12:25
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Bakers is hot~!!! Hot like oven~!!! GOOOD~~ Thanks to SCM and YZJ~! | ||||
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samson
Veteran |
26-Apr-2010 12:14
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Tjen YZI had to Buy Both SEMBCORP MARINE LTD 85% of PPL and baker 15 % of PPL. |
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philgoh
Member |
26-Apr-2010 12:06
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ANNOUNCEMENT BY SEMBCORP MARINE LTD Singapore, April 26, 2010 : The Company presently holds an 85% shareholding stake in PPL Shipyard Pte Ltd (“PPL Shipyard”). PPL Holdings Pte Ltd (“PPLH”), a wholly owned subsidiary of Baker Technology Limited (“Baker Tech”), holds an aggregate direct and indirect 15% shareholding interest in PPL Shipyard. On 17 April 2010, the Board of Yangzijiang Shipbuilding (Holdings) Ltd (“Yangzijiang”) announced, inter alia, that it had issued a binding letter of offer to Baker Tech to acquire the entire issued and paid-up share capital of PPLH (“the Offer”). The Company had through its solicitors, Drew & Napier LLC, sent a letter to Baker Tech and PPLH asserting, inter alia, that the circumstances have triggered its pre-emption rights over its aggregate 15% stake in PPL Shipyard. The Company has also put Yangzijiang on notice of its rights. The Company is now assessing the position taken by both Baker Technology and Yangzijiang and will make the appropriate announcement in due course. |
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MarkLiao60
Member |
26-Apr-2010 11:44
Yells: "Mark" |
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What If SEMBCORP MARINE LTD not buying PPL? what will happen? :)
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samson
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26-Apr-2010 11:33
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this morning some people use CFD to short selling. now they had to buy back , so |
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buysell
Member |
26-Apr-2010 11:22
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Absolutely right. Whether this deal materialise or not , it benefits bakertech. A matter of realished hugh profit or generate the cash cow. Wonder why people panic and sell this morning.
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samson
Veteran |
26-Apr-2010 11:19
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SEMBCORP MARINE LTD or YZI will be Buying PPL . to baker is Good the News |
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wishbone
Master |
26-Apr-2010 11:12
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I suppose SCM has the first bit last call option with the pre-emption rights if its offer is the same or better than YZJ otherwise BT has every right to accept the offer from YZJ. Whatever the case, BT will emerge as the winner.
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samson
Veteran |
26-Apr-2010 10:26
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SEMBCORP MARINE LTD MAY BUY BACK THE 15% OF PPL . Then YZI had to look for another company if They got the projects. |
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tradersgx
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26-Apr-2010 09:45
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▼ BakerTech 0.520 -0.045 -7.965% | ||||
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DnApeh
Master |
26-Apr-2010 08:49
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selling today | ||||
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samson
Veteran |
26-Apr-2010 00:19
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I Think YZi got some offshore project on hand so they nee d to buy PPL and offeer High Price. |
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