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Hope it can open at 67.5 above its immediate resistance.
DrEaMzZz ( Date: 08-Sep-2013 23:24) Posted:
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think can go either way....but market sentiments are good over the weekend with china reporting good figures too so kinda feel it should go up.
Ramba and Rex are definitely on my must-watch list tomolo
What will be the opening price for Tmr??? Any prediction???
muifan ( Date: 08-Sep-2013 23:06) Posted:
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short sell amount for ramba on Fri:
| Ramba | 1,080,000 | SGD | 704,800 |
1080 lots..i think most katek got caught as counter halted 1pm...dont think kateh in time to cover so early in the day.......so tomorrow should have covering...
jacelin84 ( Date: 08-Sep-2013 22:56) Posted:
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Hopefully to see a gap up when opens tmor as kateh make a stampede to cover their shorts.
In all GO,normally the price will trend upwards if the offeror price is not realistic.Offeror will likely to counter offer another price in an attempt to obtain its objective.
PT Sugih Energy sees synergy btwn the two companies especially the potenial of Lemang block hence it will not walk away if this 1st round of partial offer failed.
Sugih's offer is not beneficial to the shareholders. thinking whether will this takeover attempt will cause the share price to rise or not
Offer price too low
IMO, BBs and SSH will likely to push up the px ultimately within these 14 days.
Huat arh!!
Investors shld wait out a circular containing the advice of the IFA and the recommendation of the Independent Directors.It will be sent to the Shareholders within 14 days from the date of the despatch of the Offer Document to be issued by the Offeror.
Trading resumes on Monday,9 sep 13 at 9am.
Ramba is in the production of oil...and I feel the offer at 65cts may be too low...Imagine offer at 65cts ..hold potential for REX with major strong shareholders if oil is discovered(matter of time only)..crossing the $1 shd not be a problem..Ramba is still losing $$$ like REX....more upside for REX based on..
What is important is the fact that its cash fro IPO is ununtilised. The gunpowder is still dry and in the locker. Which also means there will be no fund raising for some time Quote from Elena Tang:.... As at 5 Sept the ipo funds not used yet but looks it will be used mainly for its exploration or investments activities,it's not the current last 2 year losses but what the market price should reflect the future-discovery of oil exploits and most important who is behind this counter-if they(BBs) want to push,who care about current losses, it's the future that matters,,,see by 4pm the price of REX climbed up again |
Octavia ( Date: 07-Sep-2013 15:34) Posted:
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Px shld edge up as sizeable amt of naked shorts were not covered on Friday.
Peter_Pan ( Date: 07-Sep-2013 08:34) Posted:
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This can be true if seller agrees to Prime Partner offer.
ytoh1688 ( Date: 07-Sep-2013 08:11) Posted:
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PrimePartners Corporate Finance Pte. Ltd. (" PPCF" ) wishes to announce, for and on behalf
of Sugih Energy Pte. Ltd. (the " Offeror" ), that subject to and contingent upon the satisfaction
of the Pre-Conditions (as defined in Section 2.1 below), the Offeror intends to make a
voluntary conditional cash partial offer (the " Partial Offer" ) to acquire 51% of the issued
ordinary shares (" Shares" ) in the capital of Ramba Energy Limited (the " Company" ) as at the
Record Date (as defined in Section 15 below).
As at the Announcement Date and subject to further enquiries to be made as described in
Section 12.4 below, parties set out in Appendix 1 of this Announcement are deemed acting in
concert with the Offeror (" Relevant Persons" ) and they own an aggregate of 112,201,200
Shares, representing approximately 32.74% of the total number of issued Shares1. Details of
the shareholdings of the Relevant Persons as at the Announcement Date (if any) are set out
against their respective names in Appendix 1 of this Announcement.
3.1 Principal Terms of the Partial Offer
Subject to and contingent upon the satisfaction or waiver of the Pre-Conditions and the terms
and conditions to be set out in the Offer Document, the Offeror intends to make the Partial
Offer in accordance with Rule 16.4 of the Code on the following basis:
(a) Offer Shares. The Partial Offer will be made for 51% of the issued Shares as at the
Record Date, not already owned, controlled or agreed to be acquired by the Offeror(the " Offer Shares" ).
(b) Offer Shareholders. The Partial Offer will be extended to all holders of Shares in
issue as at the Record Date, including parties acting or presumed to be acting in
concert with the Offeror in connection with the Partial Offer (the " Offer
Shareholders" ).
(c) Offer Price. The Partial Offer will be made on the following basis:
For each Offer Share: S$0.65 in cash (the " Offer Price" )
7.1 Information on the Offeror
The Offeror is a company incorporated in the Republic of Singapore on 24 July 2013 and is a
direct wholly-owned subsidiary of Sugih. Its principal activities are those of an investment
holding company and was set up by Sugih for the purpose of the Partial Offer. As at the
Announcement Date, the Offeror has an issued share capital of S$2.00 comprising two issued
ordinary shares held by Sugih.
As at the Announcement Date, the directors of the Offeror are Mr Andhika Anindyaguna
Hermanto, Mr Fachmi Zarkasi and Mr Christopher Stanley Gani.
7.2 Information on Sugih
Sugih is an energy producer incorporated in Indonesia and is listed on the IDX. Sugih's core
businesses are (i) oil and gas exploration and (ii) oil and gas services. Within the energy
sector, Sugih offers a wide range of services, such as integrated drilling services, equipment
procurement and rental, rig mobilization, well work-over and enhancement services, as well
as drilling consulting throughout Indonesia.
Through its subsidiaries, Sugih currently holds equity interests in two exploration blocks in
Sumatra, Indonesia: (a) a 49% equity interest in Lemang PSC block (the other 51% being
held by the Company as mentioned below) and (b) a 100% equity interest in Kalyani PSC
block as an operator.
As at 5 September 2013, Sugih has a market capitalization of approximately IDR 10.73 trillion.
Based on Sugih's annual report for the financial year ended 31 December 2012 (" FY2012" ), Sugih recorded revenue and gross profit of approximately US$7,556,567 and US$5,331,196 respectively for FY2012.
As at the Announcement Date, the members on the Board of Commissioners of Sugih are Mr Erros Djarot, Mr Wally Abdullah Saleh, Mr John Aryananda and Mr Zaenal Asikin.
As at the Announcement Date, the directors of Sugih are Mr Andhika Anindyaguna, Mr Christopher Stanley Gani, Mr Fachmi Zarkasi and Mr Chia Hsin Wu.
8. INFORMATION ON THE COMPANY
The main businesses of Ramba and its subsidiaries (the " Ramba Group" ) are (i) oil and gas exploration and production in Indonesia and (ii) supply chain related logistic services in the region (including transportation activities, distribution management, seaport and airport cargo handling services, etc).
The Company also has a portfolio of oil and natural gas assets in Indonesia and has recently announced the discovery of oil reserves at Lemang PSC block in Sumatra, Indonesia.
Through its local subsidiary, Hexindo, the Company holds a 51% equity interest in Lemang PSC block as an operator.
9.3 Harnessing potential synergies
Sugih sees significant potential for achieving operational, geographical, and brand synergies by leveraging on the strengths of both entities in areas such as:
(a) enhancing the level of operational synergies between Sugih and its subsidiaries (the " Sugih Group" ) and the Ramba Group by establishing a global supply chain for the Sugih Group and the Ramba Group with a view to achieving savings in procurement due to demand aggregation, superior bargaining power and better terms with their suppliers and a more efficient business management system
(b) marketing of the integrated product offerings of the Sugih Group and the Ramba
Group under a unified brand name will help in capitalising on the opportunity to create a global brand name in the industry by leveraging each other?s resources, expertise and capabilities and at the same time will result in economies of scale in advertising and marketing spend
(c) potential synergies for the Sugih Group to work together with the Ramba Group to tap on the opportunities in the procurement of oil and gas contracts by the provision of a cross-geographical business network and
(d) greater collaboration between the Sugih Group and the Ramba Group to create the ability to drive regional expansion on a platform of providing advanced services and high-quality products across geographical boundaries.
Through the Partial Offer, not only economies of scale can be derived through increased bargaining power, consolidation of purchasing volume and ompetitiveness, which would enable the Sugih Group and the Ramba Group to be accorded higher regard and priority in services amongst its suppliers, distributors and business partners but it will also lead to improved offerings to customers, exciting career opportunities for employees and long-term value for stakeholders
9.5 Realisation of part of their investments by the Offer Shareholders at a premium to the benchmark prices referred to in Section 6 above, coupled with an opportunity to stay invested in the Company The Partial Offer presents an opportunity for the Offer Shareholders to realise part of their investment at a premium to the benchmark prices of the Offer Shares referred to in Section 6
above while retaining the balance of their equity interest in the Company which will provide the option to continue to participate in the long-term growth of the Company under the guidance of Sugih.
9.6 Retention of listing status
The Partial Offer allows for the retention of the Company?s listing status on the SGX-ST and such continued listing will further enable the Company to provide the Offer Shareholders with an ongoing interest in its future financial performance and to remain invested in the long term growth of the Company.
of Sugih Energy Pte. Ltd. (the " Offeror" ), that subject to and contingent upon the satisfaction
of the Pre-Conditions (as defined in Section 2.1 below), the Offeror intends to make a
voluntary conditional cash partial offer (the " Partial Offer" ) to acquire 51% of the issued
ordinary shares (" Shares" ) in the capital of Ramba Energy Limited (the " Company" ) as at the
Record Date (as defined in Section 15 below).
As at the Announcement Date and subject to further enquiries to be made as described in
Section 12.4 below, parties set out in Appendix 1 of this Announcement are deemed acting in
concert with the Offeror (" Relevant Persons" ) and they own an aggregate of 112,201,200
Shares, representing approximately 32.74% of the total number of issued Shares1. Details of
the shareholdings of the Relevant Persons as at the Announcement Date (if any) are set out
against their respective names in Appendix 1 of this Announcement.
3.1 Principal Terms of the Partial Offer
Subject to and contingent upon the satisfaction or waiver of the Pre-Conditions and the terms
and conditions to be set out in the Offer Document, the Offeror intends to make the Partial
Offer in accordance with Rule 16.4 of the Code on the following basis:
(a) Offer Shares. The Partial Offer will be made for 51% of the issued Shares as at the
Record Date, not already owned, controlled or agreed to be acquired by the Offeror(the " Offer Shares" ).
(b) Offer Shareholders. The Partial Offer will be extended to all holders of Shares in
issue as at the Record Date, including parties acting or presumed to be acting in
concert with the Offeror in connection with the Partial Offer (the " Offer
Shareholders" ).
(c) Offer Price. The Partial Offer will be made on the following basis:
For each Offer Share: S$0.65 in cash (the " Offer Price" )
7.1 Information on the Offeror
The Offeror is a company incorporated in the Republic of Singapore on 24 July 2013 and is a
direct wholly-owned subsidiary of Sugih. Its principal activities are those of an investment
holding company and was set up by Sugih for the purpose of the Partial Offer. As at the
Announcement Date, the Offeror has an issued share capital of S$2.00 comprising two issued
ordinary shares held by Sugih.
As at the Announcement Date, the directors of the Offeror are Mr Andhika Anindyaguna
Hermanto, Mr Fachmi Zarkasi and Mr Christopher Stanley Gani.
7.2 Information on Sugih
Sugih is an energy producer incorporated in Indonesia and is listed on the IDX. Sugih's core
businesses are (i) oil and gas exploration and (ii) oil and gas services. Within the energy
sector, Sugih offers a wide range of services, such as integrated drilling services, equipment
procurement and rental, rig mobilization, well work-over and enhancement services, as well
as drilling consulting throughout Indonesia.
Through its subsidiaries, Sugih currently holds equity interests in two exploration blocks in
Sumatra, Indonesia: (a) a 49% equity interest in Lemang PSC block (the other 51% being
held by the Company as mentioned below) and (b) a 100% equity interest in Kalyani PSC
block as an operator.
As at 5 September 2013, Sugih has a market capitalization of approximately IDR 10.73 trillion.
Based on Sugih's annual report for the financial year ended 31 December 2012 (" FY2012" ), Sugih recorded revenue and gross profit of approximately US$7,556,567 and US$5,331,196 respectively for FY2012.
As at the Announcement Date, the members on the Board of Commissioners of Sugih are Mr Erros Djarot, Mr Wally Abdullah Saleh, Mr John Aryananda and Mr Zaenal Asikin.
As at the Announcement Date, the directors of Sugih are Mr Andhika Anindyaguna, Mr Christopher Stanley Gani, Mr Fachmi Zarkasi and Mr Chia Hsin Wu.
8. INFORMATION ON THE COMPANY
The main businesses of Ramba and its subsidiaries (the " Ramba Group" ) are (i) oil and gas exploration and production in Indonesia and (ii) supply chain related logistic services in the region (including transportation activities, distribution management, seaport and airport cargo handling services, etc).
The Company also has a portfolio of oil and natural gas assets in Indonesia and has recently announced the discovery of oil reserves at Lemang PSC block in Sumatra, Indonesia.
Through its local subsidiary, Hexindo, the Company holds a 51% equity interest in Lemang PSC block as an operator.
9.3 Harnessing potential synergies
Sugih sees significant potential for achieving operational, geographical, and brand synergies by leveraging on the strengths of both entities in areas such as:
(a) enhancing the level of operational synergies between Sugih and its subsidiaries (the " Sugih Group" ) and the Ramba Group by establishing a global supply chain for the Sugih Group and the Ramba Group with a view to achieving savings in procurement due to demand aggregation, superior bargaining power and better terms with their suppliers and a more efficient business management system
(b) marketing of the integrated product offerings of the Sugih Group and the Ramba
Group under a unified brand name will help in capitalising on the opportunity to create a global brand name in the industry by leveraging each other?s resources, expertise and capabilities and at the same time will result in economies of scale in advertising and marketing spend
(c) potential synergies for the Sugih Group to work together with the Ramba Group to tap on the opportunities in the procurement of oil and gas contracts by the provision of a cross-geographical business network and
(d) greater collaboration between the Sugih Group and the Ramba Group to create the ability to drive regional expansion on a platform of providing advanced services and high-quality products across geographical boundaries.
Through the Partial Offer, not only economies of scale can be derived through increased bargaining power, consolidation of purchasing volume and ompetitiveness, which would enable the Sugih Group and the Ramba Group to be accorded higher regard and priority in services amongst its suppliers, distributors and business partners but it will also lead to improved offerings to customers, exciting career opportunities for employees and long-term value for stakeholders
9.5 Realisation of part of their investments by the Offer Shareholders at a premium to the benchmark prices referred to in Section 6 above, coupled with an opportunity to stay invested in the Company The Partial Offer presents an opportunity for the Offer Shareholders to realise part of their investment at a premium to the benchmark prices of the Offer Shares referred to in Section 6
above while retaining the balance of their equity interest in the Company which will provide the option to continue to participate in the long-term growth of the Company under the guidance of Sugih.
9.6 Retention of listing status
The Partial Offer allows for the retention of the Company?s listing status on the SGX-ST and such continued listing will further enable the Company to provide the Offer Shareholders with an ongoing interest in its future financial performance and to remain invested in the long term growth of the Company.
Recall it ran up to 79c on 3 Jun13 and halted. Management said the company has received an offer at 65 and found it insufficient....they are looking for more than 80 cents.Presumably the offer came from one of the SSH,Chee Heong back then.After the lapse, from the SGX filings,think he has reduced his stake below 5%.
Buyer values it at 65ct means it will not drop below 65ct. Since they want 51%, they have to pay for it as shareholders like DMG and BBs won't agree to that price.Whether seller wants to sell or not is another thing so the price can only go up now until they counter offer again.As Sugih does not intend to privatise it they may push it higher after the acquisition.
PRE-CONDITIONAL PARTIAL OFFER BY PRIME PARTNERS
http://infopub.sgx.com/FileOpen/Pre-conditional_Partial_Offer_Announcement_6Sep13.ashx?App=Announcement& FileID=255573
You sound like you buy below this 65, I do not wish to know what px.
good luck,
Peter_Pan ( Date: 07-Sep-2013 10:47) Posted:
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If u bought, just leave it, at least save broker fees. let them come and take from you,
I see. Well will see how when trading resumes. Now we know 0.65 is safety net liao.
kelvinLim123 ( Date: 07-Sep-2013 10:42) Posted:
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