NeraTel    Last:0.083    -0.001

Merger of NeraASA and EltekASA approved

The merger (not hearsay, pse) was approved by both the companies. Pse log on to SGX website for Neratel's announcement dated 25 October  for the details.

 

Thanks you your tips, but please confirm the merger news is official or just another rumour trying to push the price northwards!

 

Confidence stems from the merger, which shd bode well for the merged entity..  Neratel  is "debt-free" and has been paying an attractive dividend for the past three years. Juz my opinion - pse make your own decision after reading its latest report on 25 October 2006 

 

you seemed to be very confident about its growth :-)

 

Moving north with decent volume.  Announcement of the approved merger soon is the catalyst?  After all the directors have already approved it - the synergy is good for the merged entity. 

 

Don't forget to jump on the bandwagon today!.  Ex will be on THIS Friday 3 November,  tantalising $150 dividend per 1000 shares payable on Mon  13 November .   High volume today , holding well past few days - think about it.  All bought , hoping to lose?

 

It shd be a further cash payment upon conversion to
Eltek shares, according to its announcement on 25 Oct (available on SGX website). The cash payment is over and above the $150 (net of tax) dividend payment payable on 13 November 2006

 

Directors approve merger.  Annoucement soon. There will be a cash payment and a conversion to Eltek share.  Shd  augur well for this share.  Value investors - catch it b4 it shoots up to sky like a "rocket". .