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rowsley can buy.... as much as you can, just buy.
this RTO different from Albedo
Every 1 Rowsley shares 2 free warrants exercisable into Rowsley shares at $0.18 each...theoretically ( 47+18 x 2)/3 =27.7cts..don't forget billions & billion of new shares will be issued at 15cts to RSP Architects & Iskander ppties..so all these parties hve instant profit..more dilution when the warrants are exercised into mother shares..so call free is not free after all..after ex-all will likley drop below theoretical price..normally the case..fyi..trade with care..Peter Lim he will milk you and noy U to milk him..see the Raffles Town Club..claim a few thousand members..turned up 30000 members
hydrocort ( Date: 21-Aug-2013 23:23) Posted:
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Does any one have details of the proposed bonus issue and how it will affect the share price? Much appreciated.
DESPATCH OF CIRCULAR
The board of directors of the Company (the " Board" ) wishes to announce that the Company has
today despatched to shareholders of the Company (the ?Shareholders?) a circular dated 20
August 2013 (the ?Circular?) setting out information on, inter alia, the Proposed RSP Acquisition,
the Proposed Land Acquisition and the Proposed Bonus Issue, and enclosing the notice of
Extraordinary General Meeting (?EGM?) to be held on 5 September 2013.
The board of directors of the Company (the " Board" ) wishes to announce that the Company has
today despatched to shareholders of the Company (the ?Shareholders?) a circular dated 20
August 2013 (the ?Circular?) setting out information on, inter alia, the Proposed RSP Acquisition,
the Proposed Land Acquisition and the Proposed Bonus Issue, and enclosing the notice of
Extraordinary General Meeting (?EGM?) to be held on 5 September 2013.
STATE AUTHORITY CONSENT
The board of directors of the Company (the "
The Board wishes to announce that the State Authority has consented to the transfer of the Land from Vantage Bay Sdn Bhd to Vantage Bay JB Sdn. Bhd. (a wholly-owned subsidiary of the Company).
Such approval is subject to
Details relating to
http://infopub.sgx.com/FileOpen/RowsleyAnnouncement_StateAuthorityConsent_20.08.2013.ashx?App=Announcement& FileID=253175
Board" ) refers to the Company?s announcement on 3 February 2013 where it was stated that one of the conditions precedent for the Land Acquisition is the Company having procured the written consent and approval of the Johor State Authority (" State Authority" ) in respect of the sale of the Land. inter alia the presentation of the land transfer instrument at the Pejabat Tanah dan Galian Johor within 1 year from the approval. inter alia the Land Acquisition can be found in the Circular dated 20 August 2013 which has been despatched to Shareholders today. The Board wishes to clarify that the condition precedent described in paragraph 3.5(b) on page 41 of the Circular has accordingly been satisfied..........more detail refer to below hyperlink....
OCBC Securities says...
ROWSLEY LIMITED | BUY | TP: S$0.67 TO S$0.85
Last Thursday, Rowsley received the approval in-principle from SGX for its proposed acquisitions of RSP Group and the Vantage Bay site in Iskandar, and a 2-for-1 bonus issue of warrants
Management reports that it would dispatch a circular and convene an EGM to seek shareholder approval in due course. We note that, on 2 Aug 2013, management announced that " barring unforeseen circumstances, the deal should complete in the second half of 2013 after regulatory and shareholders' approval."
In our research piece, we carry out an analysis of Rowsley's value under a successful RTO scenario, and also under a failed RTO scenario. If Rowsley's proposed deal fails, we value each existing Rowsley share at approximately S$0.034 - its book value per share as at end Jun 2013. However, if the deal succeeds, we calculate from our analysis a value of S$0.67 to S$0.85 for each existing Rowsley share (before the 2-for-1 warrant issue ex-date)
daylight28 ( Date: 20-Aug-2013 16:16) Posted:
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Also don't forget Entertainment companies like Lifebranz, (heard connected) will have integration at the projects too.
satans ( Date: 20-Aug-2013 15:12) Posted:
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y ocbc so positive to say up another 80% ??
| Date | Open Price | Target Price | Upside/Downside | Price Call | Source | News |
|---|---|---|---|---|---|---|
| 20/08/2013 | 0.465 | 0.85 | +0.385 (82.80%) | BUY | OCBC |
Maybe U all should also start looking at informatics & healthway.... worth watching now...
As rowsley keep going up, there are plans to integrate informatics & healthway in the iskandar projects... and myammar going to get stock exchange soon, informatics education subsidiary has been there for years and perhaps both informatics & healthway get listed?
At your own risks! huat liao not need thank me.
lorann ( Date: 20-Aug-2013 15:08) Posted:
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This is definitely worth the while to keep it for the bonus issue or whatever issue. With the Sultan backing, how to go wrong?
ilo-Dino wrote:
Come I paste the full paragraph so as not to be misled
SPECIAL SITUATION: ROWSLEY LTD
19 Aug 2013
A SCENARIO-BASED ANALYSIS OF VALUE
- Has SGX approval in-principle for proposed RTO
- Expect dispatch of circular and EGM ahead
- If deal succeeds, estimate value at S$0.67?S$0.85/ share
Last Thursday, Rowsley received the approval in-principle from SGX for its proposed acquisitions of RSP Group and the Vantage Bay site in Iskandar, and a 2-for-1 bonus issue of warrants. Management reports that it would dispatch a circular and convene an EGM to seek shareholder approval in due course. We note that, on 2 Aug 2013, management announced that ?barring unforeseen circumstances, the deal should complete in the second half of 2013 after regulatory and shareholders? approval.? In our research piece, we carry out an analysis of Rowsley?s value under a successful RTO scenario, and also under a failed RTO scenario. If Rowsley?s proposed deal fails, we value each existing Rowsley share at approximately S$0.034 ? its book value per share as at end Jun 2013. However, if the deal succeeds, we calculate from our analysis a value of S$0.67 to S$0.85 for each existing Rowsley share (before the 2-for-1 warrant issue ex-date). (Eli Lee)
On 2nd thoughts...mkt price( 46.5 +0.18 x 2)/3= 0.275 if shares of Rowsley went ex -all for every 1 share held 2 free bonus warrants exercisable at 0.18cts.Besides after Rowsley issue more shares to finance Iskander land and bought RSP Architects..the number of shares will be like Fragrance(nearly ever year 1 for 1 bonus) so that the no of shares now is more than Keppel Corpn and Capitalland combined,hence can't move liao..not forgetting if the warrants are exercised..a lot of dilutions-
Wonder is it still worth to wait for bonus...besides OCBC normally not very accurate..your views please?
Aiyah, today moved up a miserable 1 cent.
I thought can cross 50 cents.
This week will it huat further? Congrat to those still holding
yewhuan ( Date: 16-Aug-2013 13:24) Posted:
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Big investment opportunities in Johor with the Sultan. $$$$ sign all year round
Thanks Sis Starlene!! Will prepare bullets for Oct :) Cheers!
starlene ( Date: 16-Aug-2013 14:07) Posted:
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Thanks Shifu!
Woohoo... sounds good. Then I shouldn't let go now.
starlene ( Date: 16-Aug-2013 14:07) Posted:
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Last few days suddenly movement of Rowsley from low of 41.5cts to 44.5cts,means mkt already got news of this approval..may take at least 3 months before it goes cum...after shareholders EGM..anymomnet this time should it drop..esp since near Oct,typical of a bad month..may buy more again
yewhuan ( Date: 16-Aug-2013 13:24) Posted:
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APPROVAL IN-PRINCIPLE FROM THE SGX-ST
The board of directors of the Company (the " Board" ) refers to the announcements made on 21
December 2012, 3 February 2013 and 24 April 2013 in connection with the Proposed RSP
Acquisition, the Proposed Land Acquisition and the Proposed Bonus Issue.
The Board wishes to announce that the Singapore Exchange Securities Trading Limited (the
" SGX-ST" ) has today granted its approval in-principle for the Proposed RSP Acquisition, the
Proposed Land Acquisition and the Proposed Bonus Issue and the listing and quotation for, on
the Official List of the SGX-ST, the RSP Consideration Shares, the Land Consideration Shares,
the Warrants and the New Shares, subject to the following conditions:
yenlee_sk ( Date: 16-Aug-2013 10:46) Posted:
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What news make the surge? Any shifu can advice?
bishan22 ( Date: 16-Aug-2013 09:14) Posted:
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