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Let's see how the AGM result goes. I also wondered why no one raised this issue.
Sounds nice but why hasn't the price shot up? Based on this analysis it should.
Haven't received the letter yet, so I don't know details though.
luvkarena ( Date: 07-Sep-2011 14:15) Posted:
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You attend the EGM lo and you will learn there.....
hei , iam a tiger shareholder (bought 5000 sh @ 1.9) .What shud i do abt this circular nw? dont understand lah ! Help 2 understand. where u knw it will go upto 1.5 /sh. ?
Tiger airways is going to hold an AGM in 19Sep to decide on two important issues - Whitewash resolution and Rights issue.
As Tamesek holding two subsidiaries accidentally hold more than 40% of Tiger airways shares that prompted them to make a mandatory offer to other shareholders provided that the whitewash resolution isn't passed in the coming AGM.
The question is who on earth will let them pass the whitewash resolution to forgo the opportunity to get them in mandatory offer which the price paid will be the highest share price in the past 6 months which is around $1.50 per share. This will instantly give the investors 50% more upside by holding the Tiger Airways shares.
Another funny thing is inside the Circular to Tiger Airways shareholders, they hire Deloitte & Touche adviser to make a independent recommendation to shareholders that encourages the shareholders to approve the whitewash resolution because of some not so convincing data. If you happen to get the Circular, you will know what I mean.
I hope the whitewash resolution won't be passed and I can easily get a 50% upside on capital gain.
This is just my personal opinion. Pls voice out if you have similar or different opinions.
Thanks.