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Done Deal. At the close of offer on 13 Nov 5pm, level of acceptance = 97.79% (minimum required 90% to delist).
Ossia Int'l is expected to receive cash = $31.2m. Potential special distribution to shareholders.
PERTAMA HOLDINGS LIMITED
LEVEL OF ACCEPTANCES OF THE EXIT OFFER AND DISSENTING SHAREHOLDERS' RIGHTS
SGX Announcement today. Means the deal is firm? And Ossia is expected to get cash?
Potential Special dividend for Ossia shareholders - after Pertama exit offer of $31.2m
Pertama Holdings Ltd (PH) Exit Offer at 65c close on 19 Nov 2013
Harvey Norman Ossia (HNO) holds 120m shares (49.4%) in PH
Ossia holds 40% of HNO x120m = 48m shares x 65c = $31.2m (offer)
Cost of investment in associate HNO (40% x HNO) = $13.2m, expected profit =$18m
Post-exit offer NAV of Ossia = 25c
N.B. Australian parent Harvey Norman offer to privatise Pertama Holdings Ltd.
Ossia looks bottomed..i guess..it is..time to start bottom fishing.....
Ossia is going down to the near term support . If this support fails , it would go down further to 200MA at 19 cents . Hope it would not go down to the unfilled gap at 14.2 cents
Bintang ( Date: 16-Oct-2013 16:36) Posted:
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The rebound could not break 28 cents .
Bintang ( Date: 13-Oct-2013 11:02) Posted:
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The near term support is at 21 cents .
Bintang ( Date: 13-Oct-2013 11:02) Posted:
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hi bros,
anyone know what is happening to Ossia today? dropped so much...
On 6 Oct 2013 , chart showed that it would to go down to 28 cents if breaking 44 cents . But due to market sentiments , it fell sharply to 25.5 cents on 7 Oct 2013 . Breaking the 55MA , the trend is weakening . It had a technical rebound recently , but only touching the 55MA at 35 cents n came down immediately to close at 31 cents . Now 55MA is a major resistance .
Bintang ( Date: 07-Oct-2013 09:20) Posted:
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master muifan,
r u around? any advice on our fav. Ossia?
oh no! that is bad... :(
limkt009 ( Date: 10-Oct-2013 14:37) Posted:
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Think SGX will suspend OSS saying share manipulation
attack by who??
Octavia ( Date: 10-Oct-2013 14:32) Posted:
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kena attack...going dwn fast
any advice on this counter?
quiet and low
Big tks to you bro, with your warning call I'm able to cut when the market open. Again tks.
stockmarketmind ( Date: 07-Oct-2013 17:45) Posted:
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Ossia went to a low of 0.255!!
Don't t can be considered a " crash" with low vol.
stockmarketmind ( Date: 07-Oct-2013 10:04) Posted:
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It went down to 25.5 cents
Bintang ( Date: 06-Oct-2013 20:18) Posted:
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