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| Beyonics Technology gets takeover offer from Channelview Investment |
Beyonics Technology gets takeover offer from Channelview Investment
Beyonics Technology, the provider of electronics manufacturing services, says it has received a takeover offer from Channelview Investment by way of a scheme of arrangement which will see Channelview pay 26 cents for each share in the company.
Written by The Edge
Watch this counter, today sudden surged to >25c on high vol 11m. This 1 was being dumped by investors since it stopped paying dividend last year.Vested.
If I am not mistaken, it is often mentioned as "on of the leading contract manufacturers" but defintely not in share price !!!
Anybody can explain what ails this company ?
Probably because it didnt issue any div this year.. every yr also got last year i think 2cents..
(NTA very high on this one)..
I went to their last AGM. This top mgt don't appear to be any technopreneur material, more ah beng type. In 2007, it was supposed to be a takeover target during 2007 (as reported by DBSV) but noting materialise cos the pte equity people don't think well of this mgt.Coming AGM on 20 Nov. must go n question them on their salary increase when share price is still @ 19.5c.
Many thanks to Tonylim and Investsmart for the advice and concern.
Now i have to place this stock in the Sick Bay until a 'miracle cure' comes true.
Gone with the glory days. Extremely disappointed................
Breakeven at $0.77, not worth to sell at current price.
There is something very wrong with this stock. By right, after the almagation of stocks (4 to 1), it should be worth a least 60 cents. Get rid of it and switch now.
intruder68 ( Date: 31-Oct-2009 23:06) Posted:
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a very stock, no dividend declared this year and yet Directors' Fees increased from S$170K to S$173K.
Bought over so many counters - Uraco, Flairis and yet the stock is way below my breakeven price of 77cents......... Sigh !!!