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long term holding for this baby.........better than fixed deposit by a factor of at least 10X by year end.
I bought at 11.8 cts average, so can see profit tho not enough to be happy yet. Hope to sell at 15 cents. Any advice whether to sell or keep at 15 cts & above?
tell me about it........paid 11.5c and 12c to buy back some......
Anyway, busy with other counters now so will re-visit this baby later on. In anycase, this baby got a year to play with so not too concern.
Looks like someone is trying to wake this sleeping beauty up. Biz plans still not out, this Arthur fella is sleeping lah. Wakie, wakie....
It seems that to make money on this beauty, I have no choice but to buy higher than what I thought I could get earlier.
victorian2 ( Date: 11-Dec-2009 17:39) Posted:
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high activity detected on achieva today..
gotta break 12.5 to move further..
11.5! n top vol!
counter will stay range bound for 1mth or so. 10.5 to 12c max.
prob AT
pointer ( Date: 29-Dec-2009 17:34) Posted:
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Check out the last deal of the day...2200 lots buy up @ 11.0c
I guess we just gotta wait till end Feb'10. That's when they announce FY result & maybe next course of action.
Likely will be trading around this price for now.
Quite obvious block at 10.5 (buy) and 11.0 (sell). Sign of syndicate accumulation.
Patience is the order of the day. Think about it......SUTL bought in at 12.5c........no prizes for guessing that they will do something to enhance the value of Ach above this price. How they plan to do it?....I wrote a post of my view earlier......but the outcome may differ.
In anycase, the current traded price of 10.5 to 11.0c is 12% to 16% discount to the price SUTL paid........not a bad head start for anyone getting on board now.
As usual, .....Caveat emptor....
clickshop1628 ( Date: 29-Dec-2009 12:41) Posted:
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Any chance for window dressing? Why Arthur Tay so quiet about his plans for Achieva? Sleeping man...
HI Laulan..... it's probably hover around this range for a while just to shake out weak players so best to buy with the intention to hold as oppose to contra. As to going back to 8c.....(That'll be my wish too)
Laulan ( Date: 11-Dec-2009 09:44) Posted:
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I missed this bugger at 8 cents, but now its 11 cents. Can I go in now? Will it go back to 8 cents or instead spring up above 15 cents?
With 25%, SUTL is the single largest shareholder by far and can already control the board. All (or most) the other major shareholder (ex founding shareholders) have sold out or pared their stake during the last 4c div. The remaining shareholders are probably fragmented......much less than 5%.
As for risk of GO and going private, the GO will need to gain control of >90% of the shares.......at 12.5c (current GO offer price), its unlikely.
They won't do a GO. ( my hunch). They need to control the board 1st by putting in their directors.
If they do a GO it is to get 51% to effectively control the company for them to ensure their corporate objectives are met....like dividend payouts or use of cash to acquire (inject) SUTF businesses into Achieva.
kittyhawk ( Date: 10-Dec-2009 20:45) Posted:
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If they make a GO, then what happens? Can't be going private right? If so, not logical for them to buy achieva in the first place.
If they cross 30%, they will have to make a GO. GO offer price will be the highest they bought in the past 6 mths? (I think). Currently, its 12.5c.
Lets see how it goes.
2nd day already started to increase stake...looks like something up its sleeves. Buy more & declare divident payout perhaps.