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this counter will be a very interesting one in the months to come.
What's great is with all these trading, it's probably more of less comfirm there's a new guy in town.....My bet is a rights issue at some point after the initial action dies down
clickshop1628 ( Date: 07-Dec-2009 12:38) Posted:
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clickshop1628 ( Date: 07-Dec-2009 12:38) Posted:
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Yah, it has been a long long wait and now we are finally seeing some action. Someone in another forum hinted that the buyer want in at 12cts but seller want out at 15cts.
If this is true, the buyer will mop up from the market, its cheaper. Is that's what happening?
well....we've waited for a long time. the next few months is going to be very very interesting to see what the potential buyer does with Achieva, its existing business, its shitload of cash and any corporate action resulting from the 6mths left of the approved resolutions for any 1 for 1 rights issue which shareholders approved at the AGM in July 09.
Assuming he buys up founder's stake.......or has a controlling stake
lawcheemeng ( Date: 04-Dec-2009 19:14) Posted:
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Strong buying at 10.5 the last 12 min of the day.....about 7.7m BU from 1648hrs. 1 trade BU 215 lots and 2 trades BU 1000 lots....and several trades in the hundreds lots.
Subsequently, sellers appeared to SD 1,770 lots at 10.5.
Buying activity today.....forming certain pattern...cycles of T+4 or T+5.
Short term hurdle, gotta clear weak holders up to 10.5c
Yup...definitely not retail investors buying of the huge lots. As u mentioned, this probably is the start of a new chapter for achieva...it should'nt end that soon.
Accumulation continues...
I think there would. Why should the founder cash out without much of a premium unless there is a side deal since the coy has so much cash.
Anyway, looks like accumulation at the 9c / 9.5c once again. The SGX querry really killed the momentum.
There was a huge 1.8m buy up at 10c yesterday. That trade alone doesn't symbolise retail. The number of big buy ups at 9.5c yesterday was several so I should think the appetite is greater now.
clickshop1628 ( Date: 20-Nov-2009 09:13) Posted:
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Agree kitty. These type of talks usually have been done long time ago. Just not transacted as accumulation has been going on for months.
On top of the AGM were resolutions were tabled to have rights issue etc. Such major resolutions usually have some sort of approval from controlling shareholder.
My guess is buyer has not mopped up enough of the shares and now has to buy out controlling shareholder's stake.
kittyhawk ( Date: 20-Nov-2009 07:08) Posted:
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