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des_khor ( Date: 21-Jul-2011 00:24) Posted:
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Not too long SGX will cut minimum bid for those stuck pennies to 0.0009- 0.0001
Hulumas ( Date: 20-Jul-2011 21:56) Posted:
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I cut huge losses at Sgd. 0.003 already.
des_khor ( Date: 20-Jul-2011 21:06) Posted:
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Sunmoon ! I shorted millions of shares at 0.002 and hopefully can cover back at 0.001 .
Hulumas ( Date: 20-Jul-2011 08:10) Posted:
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ROTOL
des_khor ( Date: 20-Jul-2011 00:34) Posted:
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UE ! NAV $4.
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1141837/1/.html
Analysts on potential privatisation are usually those that have a majority shareholder owning between 50% - 70% of the company and are trading at a steep discount to their book value or revalued net asset value (RNAV).
Liu said: " Recently we've seen several delisting cases on the SGX, and names have popped up as potentials.....for example Guocoland and Ho Bee."
Analysts said listed companies may also want to take their companies private when their shares are thinly traded on the exchange.
They added that some companies may also choose to delist here but to be relisted on another bourse with more attractive valuations.
Terence Wong, co-head of research at DMG & Partners, said: " Some of the sectors that could likely see such privatisation would likely be in the consumer space, as well as some of the S-chips. Many of the S-chips are trading at just half of what they used to be trading at."
Some non-property companies that have delisted include Chinese retailer Time Watch and Taiwanese lender Financial One.
teeth53 thot: One teething issue must be arrested, that may crop up during delisting. Is the protection of minority shareholders' interests.