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No I do not know that case but the offer has to still be at the recent average price. They cannot just make any offer.
So likely, just like Tangs, the shareholders were screwed by majority owner. Tangs had claimed losses for more than ten years till price from high of more than $3.00 drop to below .80 cents. But all along they owned the goldmine property at Orchard Road that they refused to capitalise.
With CNA, they have been declaring profit and now dividend. So if they want to delist, it has to be above current price. Just how much above ?
propertyinvestor ( Date: 29-Feb-2012 11:49) Posted:
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You still remember what happen to FinaOne Corporation? The bugger delist here without a premium and a discount to their NAV and go relist in Taiwan for triple the price!
GuavaXF30 ( Date: 29-Feb-2012 11:46) Posted:
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No. To delist, they need to make an offer to all shareholders. Usually means must put a premium. Delisting is good news most times.
Only example where it was bad news was with Tangs where the majority owner just kept bleeding the company over the years until valuation really bad, then delisted the company. Delisting price was based on avareage trading price but very very much lower than NTA in that case.
propertyinvestor ( Date: 29-Feb-2012 11:33) Posted:
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If it delist and leaves the listing on HK, wont the shareholders here be stuck?
Keep a close watch on this. It may be the next target for play. Has not risen much and lately have noted some nibbling that is more than usual. BB's may be quietly accumulating....
Howe123 ( Date: 09-Feb-2012 20:23) Posted:
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can someone tell me what was the ipo price for China Animal Health?
Anyone knows?
In tis market, no chance to 'quietly' collect. The better strategy is to block -- and it discourages accumulators.
gregorsamsa ( Date: 09-Feb-2012 16:18) Posted:
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so from the look of things, is it confirmed a delisting is imminent within the next 6 mths?
That is one theory.
But if they sell more shares to public, they would still have to buy it back as with most privatization exercises. My limited experience tells me that they should be quietly collecting shares then selling them.
Always got big sell blocks, so how to move up?
Why got sell blocks? :-)
Not difficult to guess. It's to prevent the price from running high. Otherwise delisting exit price will have to be set higher,mah.
U see Ernest has noted the big sell queues:
Why got sell blocks? :-)
Not difficult to guess. It's to prevent the price from running high. Otherwise delisting exit price will have to be set higher,mah.
U see Ernest has noted the big sell queues:
today s-chips rallying again but this counter again not moving
All these takeover takes time to disscuss amongst the SS holders and agree the price and other things.
So have to wait till they sort out all these things. BE PATIENT and you will make money. Cheers.
GuavaXF30 ( Date: 09-Feb-2012 08:30) Posted:
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May be soon.
Pennies rally have been mostly rotational and fnuds are moving around. CAH shares had little volume but yesterday's volume picked up a little. I see this as possibly some nibling starting....
Howe123 ( Date: 08-Feb-2012 22:17) Posted:
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Despite China Animal Health's good results and good delistment potential, but why is this stock not rallying in this current broad penny rally?
Even those lousy penny stocks including other s-chips oso rally liao.
Anyone wanna share his views why?
francisd ( Date: 06-Feb-2012 12:52) Posted:
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Holding on...
Has been 025-0255 for quite some time. Time to move up. Be patience.
francisd ( Date: 06-Jan-2012 09:32) Posted:
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This counter is worth more than .30 cents( I believe the delisting price should be more than .30 cents).
Hold on guys and buy if you have not bought. Cheers
China Animal moving upwards, the DELISTING move may be on the cards looking at the high vol.
Cheers.
quietly moving downwards.
any advice on this counter guys
By DBS vicker
Expect attractive offer for delisting. On 18 Oct
2011, CAL announced that it is exploring a possible
delisting from the SGX. The promoters of the delisting
from SGX are keen and hence we believe the exit offer
will be favourable to ensure success.
Outlook continues to be positive. Export of FMD is
another potential share price catalyst. We believe
outlook will continue to be positive having obtained
indicative orders for the next six to 12 months. Demand
will be supported by high wholesale pork prices and
strong domestic pork consumption. Potential export of
animal foot and mouth disease (FMD) vaccine would be
another stock catalyst.
Maintain Buy, TP S$0.46. We have tweaked our EPS
forecasts by -6.6%/-1.3% for FY11F/FY12F on slower
than expected ramp up FMD in 3Q11, but expect
margins to recover from 3Q11. We maintain our
valuation and target price at 13x FY12F PE and S$0.46,
supported by positive growth outlook and potential
delisting.
Exit offer needs to be attractive. SGX's " no objection" to
CAL's potential delisting is subject to controlling shareholders
abstaining from voting at the EGM. This means that it will be
more difficult to achieve the " 75% present and voting in
favour of the delisting" criteria at the EGM without
controlling shareholders' vote (promoters have approximately
53%). The exit offer price needs to be attractive to win over
the independent shareholders in order to fulfill the " 75%
voting in favour" threshold. Also the EGM must fulfill the
criteria of not more than “10% voting against” the delisting.
Positive outlook
Outlook continues to be positive sustained by strong
domestic demand for pork. Outlook for the next 6-12
months remains positive with healthy indicative orders for its
swine fever vaccines and PRRS vaccines from 17 provinces
and municipalities worth approximately RMB25m and
RMB50m respectively. Demand for drugs and vaccines will be
supported by high wholesale pork prices (RMB25.47/kg on 21
October 2011) and strong domestic pork consumption.