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Cheong cheong cheong.......LLL:)
WallStreet3 ( Date: 17-Jan-2013 16:16) Posted:
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this SC Global saga only proves to show :
1. Simon Cheong very influential and powerful
2. Wheelock is no Li Ka Shing. We all respect Li Ka Shing.
Wheelock can buy millions of shares at open market $1.805 - $1.82 per share, director came out to say " $1.80 per share offer by Simon Cheong at a huge discount to RNAV" , and then later sold all their shares at $1.80 per share to accept Simon Cheong's offer.
OH, who can forget Wheelock advisers are GOLDMAN SACHS ? HEHE
What is this ? Playing monopoly game with not real $ ?
R u Wheelock or Simon Cheong ? you seem to know the SC Global outcome.
chinastar ( Date: 13-Jan-2013 08:08) Posted:
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Wait and see:)
tonylim ( Date: 22-Dec-2012 11:13) Posted:
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Wheelock bought an average price of about 1.60 to 1.70... so any offer below $2.00 will be out of the question to make the investment worthwhile. Moreover, the offer is far below the NAV
WallStreet3 ( Date: 21-Dec-2012 11:07) Posted:
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SC GLOBAL NOT = F & N based on its price moments
if there is board info, market sure know .
1.80 is neither a Santa Claus nor a 'classy' Simon Cheong style gesture. Anything below $2 / Share is not a nice good offer.
phil1314 ( Date: 21-Dec-2012 10:51) Posted:
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SC stands for Simon Cheong or Santa Claus?
WallStreet3 ( Date: 20-Dec-2012 16:53) Posted:
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Singapore property prices may seem " expensive" . But, to the HK people, it seems relatively " cheaper" as compared to HK.
Singapore and HK, both very similar cities.
Now, put it this way, if you want to own a piece of Orchard Road now, is it easy ?
Simon Cheong is well-known to make high price (" high class" ) transactions, right ?
It's time for Simon Cheong to show he is a " high class" CEO too : ) with a renewed higher offer bid (" high class bid" ).
Come on' it is Christmas ! : )
ball ball posting of Today's Raj Comment is trying to encourage acceptance at 1.80 is a case in point. Silly analysis and assumptions. Maybe he is paid to write by Simon for innocent readers to accpting this silly offer
WallStreet3 ( Date: 20-Dec-2012 16:15) Posted:
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guess the purpose of such " journalism" may be : inducing or asking the retail investors to 'offload' their shares ?
Some investors I know offload their F & N shares @ $8 ++ and they think they got a good deal.
When price is $9.60, they realized........what the.....
| ballball ( Date: 20-Dec-2012 14:52) Posted: |
my take is this :
Simon Cheong was a Ex Investment Banker. He knows the games too well. Before he announced his bid, I trust he had already studied every possible scenarios.
So , he knows a takeover bid usually needs to have at least 2 bids to be successful.
He knows his 1st bid $1.80 will not be enough. I guess he already has a takeover bid plan consists of:
1s bid $ 1.80
2nd increased bid of ..... $ xxxxx if (in case) 1st bid most likely will not do it.
I " gamble" on Wheelock to make a counter - offer @ more than $2 / share . Wheelock should be able to get financing easily from HK or even China funds.
WallStreet3 ( Date: 20-Dec-2012 15:24) Posted:
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Logic tells us very simply:
Look at it this way, Simon Cheong ' s offer $1.80 . Current Price : $1.91 (about 6% premium)
We gamble with only 6% PREMIUM. IF lose, we lose 6%. If win, ....well .....you think of the upside %.
Hi Tony Lim, I like your comments and views here on Sharejunction. Your analysis is good. One of the few " experts" here.
I know a Tony (also very wise man) who can even danced @ age 65. : )
tonylim ( Date: 20-Dec-2012 15:16) Posted:
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1 hour ago ASIA One..................... http://news.asiaone.com/A1Business/News/Story/A1Story20121220-390718.html
Agree some analyst cannot be trusted or lack the in depth knowledge. Got played out once by UOB Kay Hian analyst who said sell for SAT at $2.60 but it went up on the same day and is no trading at 2,96
WallStreet3 ( Date: 20-Dec-2012 15:04) Posted:
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Rule # 1 : Don't trust too much from the analysis of the media. zhen zhen jia jia, jia jia zhen zhen (haha , conrad raj will not understand this : )
2 : If Simon Cheong is a responsible corporate CEO, he should give a BETTER offer than $1.80 / share with respect to the NAV.
Don't tell me SC Global worth $1.80, so he bid $1.80 (then might as well not bid a takeover offer ?) (he must have valued SC Global at more than $2 / share so he thinks he is getting a good deal offer @ $1,80 / share. right ?)
3. Anyone still remembers NATSTEEL saga ?