| Latest Forum Topics / Ascott |
 Post Reply
|
|
Ascott
|
|
|
shplayer
Elite |
30-Jan-2008 23:05
|
|
x 0
x 0 Alert Admin |
CapLd stake is now 74%+. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_6FDE13424391C48B482573E0004D3A5F/$file/CL.Ascott.dealingsdisclosure.levelofacceptances.30Jan08.pdf?openelement |
| Useful To Me Not Useful To Me | |
|
limhpp
Veteran |
30-Jan-2008 14:59
|
|
x 0
x 0 Alert Admin |
Yes, they are not going to up the offer but I believe people who bought at 1.74 today will not sell it to CapitaLand (i.e. to make a lost). If more people is buying up at 1.74 for the coming weeks, thing might change. Nobody know yet who is the winner? Let's hope for the best. Good Luck to those who are vested. Cheers! 
|
| Useful To Me Not Useful To Me | |
|
|
|
|
Fairygal
Veteran |
30-Jan-2008 14:05
|
|
x 0
x 0 Alert Admin |
According to TODAY's newspaper, Capland will pay $1.73 and will not up the offer. So sad.......but you are right, we have at least another 3 weeks before 26 Feb to decide. If not for this type of volatile market recently, I wouldn't even consider sell or don't sell, I will HOLD. However, reality is such, I shall have to make a wise choice before 26 Feb. |
| Useful To Me Not Useful To Me | |
|
shplayer
Elite |
30-Jan-2008 11:06
|
|
x 0
x 0 Alert Admin |
He he....some lots done at 1.74........this is getting interesting. |
| Useful To Me Not Useful To Me | |
|
alexmay
Veteran |
30-Jan-2008 10:27
|
|
x 0
x 0 Alert Admin |
They know that they have short changed the long term share holders. They are now collection from mkt to esure that they have 90% hold on don't que to sell. You don't know who is collecting until it is announced. HOLD. |
| Useful To Me Not Useful To Me | |
|
|
|
|
limhpp
Veteran |
30-Jan-2008 09:22
|
|
x 0
x 0 Alert Admin |
Today there is no more buying queue for 1.72 only 1.73 and sell queue is 1.74. This is a good sign! This shows that other companies may be interested and try to buy up before CapitaLand. No hurry, I got about a month to decide whether to sell it to CapitaLand or in the market since the price may be going up. Hope that the price will go up........... |
| Useful To Me Not Useful To Me | |
|
shplayer
Elite |
29-Jan-2008 20:57
|
|
x 0
x 0 Alert Admin |
Letter of offer out today. Last date of acceptance is 26 Feb. Payment will be made within 10 days of receipt of acceptance. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_6CCC5BA4EB68CA2F482573DF003C9880/$file/SomersetOfferDoc.29Jan08.pdf?openelement |
| Useful To Me Not Useful To Me | |
|
Fairygal
Veteran |
29-Jan-2008 15:53
|
|
x 0
x 0 Alert Admin |
Oh well, just make do with $1.73 I guess, and eat less bak gua! Thanks Splayer! |
| Useful To Me Not Useful To Me | |
|
|
|
|
limhpp
Veteran |
29-Jan-2008 15:15
|
|
x 0
x 0 Alert Admin |
It sounded like we retail investors have no other choices......  
|
| Useful To Me Not Useful To Me | |
|
kohchiwei
Member |
29-Jan-2008 15:12
|
|
x 0
x 0 Alert Admin |
However if the BB is unable to get 90% but the remaining outstanding shares are hold by another few big institutions, SGX will still request it to be delisted due to insufficient liquidity, If I remember correctly the free float should be more than a certain percentage to ensure sufficient liquidity. |
| Useful To Me Not Useful To Me | |
|
shplayer
Elite |
29-Jan-2008 14:12
|
|
x 0
x 0 Alert Admin |
Then it will continue to be traded on the SGX. |
| Useful To Me Not Useful To Me | |
|
limhpp
Veteran |
29-Jan-2008 12:03
|
|
x 0
x 0 Alert Admin |
Another scenario: What if they acquire less than 90% and are unable to delist? |
| Useful To Me Not Useful To Me | |
|
|
|
|
shplayer
Elite |
29-Jan-2008 11:03
|
|
x 0
x 0 Alert Admin |
Fairygal, Not unless they revise the offer. However, if the take up of their offer is low, and they are determined to delist Ascott, there may be a possibility.....but I won't hold my breath. I suspect they may have, thru proxy, been acquiring Ascott shares since the offer announcement. There were big 'buy' lots at 1.71 to 1.73.......which keeps them within their offer of 1.73.......i.e. if the bought a single share at >1.73....say 1.80, they will need to revise their offer to 1.80. On the other hand, the big 'buy' lots could be some BB trying to block the acquisition and force CapitaLd to up the offer. But, this will be risky cos CapitaLd alreday holds 66% of Ascott and thay can always walk away with whatever they have after the offer closes. With Robinsons and STC is different. The offerers hold don't have majority stake < 50% which means they are not assured of control of the company.......there are other substantial shareholders who can challenge their offer. CapitaLd already controls Ascott.....which means they call the shots. |
| Useful To Me Not Useful To Me | |
|
Fairygal
Veteran |
29-Jan-2008 10:46
|
|
x 0
x 0 Alert Admin |
Looking at Robinson's and Straits Trading, this Ascott group general offer is not as good. It is really a matter of timing at a time like this when it's the Big Boss who decides what, when and how much. |
| Useful To Me Not Useful To Me | |
|
Fairygal
Veteran |
29-Jan-2008 10:41
|
|
x 0
x 0 Alert Admin |
Shplayer, So no chance of a $1.73 + 6 cts? hehehe......hoping for a windfall to celebrate the CNY. |
| Useful To Me Not Useful To Me | |
|
shplayer
Elite |
29-Jan-2008 10:37
|
|
x 0
x 0 Alert Admin |
Fairygal, Just a technical point. It is not that 'all divvy announced after 8 jan will not be included.' Rather, CapitaLd, in its statement is implying that they will engineer their 'close of offer' before xd......bear in mind they are 66% owners in Ascott and they can well infuuence the Ascott board and management to pick an xd suitable to them. If shareholder rejects their offer and hold onto their share after xd, they will receive the divvy. However, if CapitaLd manages to acquire >90% of Ascott, they will make a mandatory purchase of all remaining shares (i.e. those who did not accept the offer will have to sell.......no choice about that...i.e. CDP will transfer your shares to CapitaLd)......and that purchase price will be 1.73 less divvy.....i.e 1.67. Unfortunately, BBs will always have an advantage over minorities......that is the reality of the situation. :( |
| Useful To Me Not Useful To Me | |
|
Fairygal
Veteran |
29-Jan-2008 10:19
|
|
x 0
x 0 Alert Admin |
At $1.73 of the general offer, those who accept the offer will NOT get the divvy of 6 cts cos all divvy announcements made on or after 8 Jan will not be included. My question is what if a shareholder reject the general offer? |
| Useful To Me Not Useful To Me | |
|
kohchiwei
Member |
28-Jan-2008 11:34
|
|
x 0
x 0 Alert Admin |
Hey guys ever thought of this scenarios: Capitaland holds 66% of Ascott, net profit increased 8% to $177.3mill, when consolidated back into Capitalands Blance sheet they will get all the profits (not just the dividend), and they also holds more than 30% of Ascott residence trust with is also generating 83% increase in distributable income year on year. My position: Sell The Ascott Group @ 1.73 and get the cash to buy capitaland which has fallen way below its $8 mark and even as low as $5 on last Tuesday and participate in the full profits, thru capitaland. Since Ascott stock price is protected from the downside of the market since the announcement while the market has dropped so much to around 3000pts now, if you still believe in the growth story of Ascott buy into Capitaland with the 40% premium. One more point: My last analysis on Ascott was a target of 21,000 units by 2010 but Ms Jennie Chua is so good to grow it to 20449 by end 2007 and targeting at 25,000 units by 2010. Imagine the large number of cash cows coming on board in 2010 with 6000 of those 20,449 (~15,000 current units) expected to be completed by then, Capitaland has got a good deal @ 40% premium. |
| Useful To Me Not Useful To Me | |
|
limhpp
Veteran |
28-Jan-2008 09:21
|
|
x 0
x 0 Alert Admin |
This is one of the best dividends Ascott is paying their shareholders. Don't sell to CapitaLand unless they pay up......... |
| Useful To Me Not Useful To Me | |
|
alexmay
Veteran |
27-Jan-2008 22:00
|
|
x 0
x 0 Alert Admin |
moneyface if you refer to shplayer 's post, you will not get your dividend if you sell Ascott to Capitaland. The $1.73 offer include any claims to div pay out by Ascott. |
| Useful To Me Not Useful To Me | |