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We are too small, they got 49%, just need another 40%, that is not difficult, if they got 90% then your share is their.31% is major share hdr. easy to buy them over. Like someone sadi under the table.
another 10% can get form mkt, no wonder the resistance is always ard 66, not vested. Wish all buy at low px. Best wishes.
There is chance BB may push, but i do not think likely.
Peter_Pan ( Date: 07-Sep-2013 08:34) Posted:
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Maybe the market may choose to let the price go higher when trading halt is lifted to send a message to them leh.
WanSiTong ( Date: 07-Sep-2013 07:24) Posted:
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Yes...offer is lousy
I think Sugih is prepared to pay up till 70 cts but because the Rupiah has dropped, it has offered 65 cts instead. Do not accept the offer,
This is their 1st attempt. Wanting to acquire 100% of lembang block when they already have 49% means that there are a lot of potential in there. Lembang block is quite near Singapore if you check so the distance to market is definitely attractive. Don't forget PT Sugih is in the O& G industry, they know what they are doing...they are offering it for a song now.
Wondering why the mgt wants to sell now at this level? They properly do not have the expertise or $ to move it forward to production and PT Sugih knows this and move in to kill. But there are other ways to work this, selling it for a Song is not the way to go. Unless shareholders are being dig for this?
Who knows what the under table amount in Indonesia may be? These are all indonesians and PT Sugih could jolly well agree with Ramba owner to receive 20 cts extra in indonesia and 65cts on paper to show SGX. SGX and the Singapore shareholders & Singapore employees would think 65cts is a fair price. So Win Win for Sugih and the Owners,
The owners just reap a handsome profit and got out, after all they do not have the expertise to hold on any more or the patience to work out a winner for shareholders
Sugih, now realising the potential of Lembang block got it cheap at 65 cts (he knows that the real worth is beyond 85 cts say its $1) and it achieves a couple of things for Sugih, a proven pipeline of oil revenue (additional 51%)to feed into their group and possibility to extend it reach into Singapore cap mkt via a cheap listing means. They can raise more SGD money if they want to go production
Shareholder does not gain at the moment as the offer price is not attractive but just have to wait a lot longer when market realise the real worth.
Have to hope ramba don't sell, then Monday open will be good, if ramba sell then game over loh
WanSiTong ( Date: 07-Sep-2013 07:24) Posted:
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Offer price same as Friday closing price. Not very swee leh !
Peter_Pan ( Date: 07-Sep-2013 00:09) Posted:
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In the event this offer goes thru Pt Sugih will control 100% of the lemang block as they currently own 49% this shows there is a lot of interest in d Lemang block. Sounds like a lot of oil potential in this block.
So it means they are buying their shares for at the price of 65cents, does that means their price will hang around 65cents or go up further? I m not good in this. Can explain to me ma? xie xie ni =)
Pre-conditional Partial Offer by PrimePartners Corporate Finance Pte. Ltd. for and on behalf of Sugih Energy Pte. Ltd. to acquire 51% of the issued ordinary shares in the capital of Ramba Energy Limited
Offer price : SGD 0.65
Offer price : SGD 0.65
Thank You Bro Octavia! I wanted to ask You post an uplifting picture. This one is Purrfect!
Octavia ( Date: 06-Sep-2013 23:56) Posted:
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HUAT ARH!!!
Thanks victor, comments like this will help me go a long way ) )
victortan ( Date: 06-Sep-2013 17:30) Posted:
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You are rite,bro Victor.Agreed,risk is there whenever there is a halt or suspension.
Frankly speaking I dont quite like what I saw in the share px earlier.Hope it is not a rights issue.
Sound like you have exited this counter.
I guess CMZ investors are damn lucky this time rd.
victortan ( Date: 06-Sep-2013 17:25) Posted:
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last point before i go off,
people do not like shortist, but shorting is a skill equate to hedging.
If u trade to go long, and suddenly the counter traded down, we shd immediately go short. This is to make up for your loses on the long side.
u would not like to cut lose and st by to see it go down without doing anything to your loses on long side, would you?
victortan ( Date: 06-Sep-2013 17:25) Posted:
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To good guy I will talk gently, to bad guy, I will talk to him like beng kia.
I think you are good guy, but Risk is everywhere in everything, right?
Thus risk management is important, so bet small, it take just second to lose what we make for the whole year.
imagine 50 lots of celestial gone, like my friend,
Thing like unexpected halt, and or suspension. How to stop lose, except to lose all, if bad news.
CMZ, guy are lucky, but i m skeptical abt CMZ, for me i would have sell and move elesewhere even if i have bought at 1.4 high.
good luck to you.
Octavia ( Date: 06-Sep-2013 17:17) Posted:
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Could be right, u got a point, most likely good news, congra
Today , last min queue to buy Rowsley and CNA , tak dapat. sigh!!!
Octavia ( Date: 06-Sep-2013 15:33) Posted:
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The penalty will be S$1000 or 5% of the value of the failed trade, whichever is higher. This is in addition to the processing fee of S$30 per contract imposed on all failed trades.
muifan ( Date: 06-Sep-2013 16:48) Posted:
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I never short la... I jus curious lol
Smiles ( Date: 06-Sep-2013 17:03) Posted:
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have u bought back in? if no jiu hong gan lorr ~ ~
I got one qn... For those that naked short today how leh??
Ya,no more trading for the day.Hope it is a gd news.
Huat arh!!
ytoh1688 ( Date: 06-Sep-2013 16:15) Posted:
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