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Bharti Tel gave up...
Now, it's Reliance Comm turn.... if failed again...
Then, Singtel has a chance right!...
A summary for today.
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 3.580 | 75 | 2,632,000 | 2,052,000 | 0 | 580,000 |
| 3.590 | 154 | 6,173,000 | 2,002,000 | 0 | 4,171,000 |
| 3.600 | 241 | 7,810,000 | 3,180,000 | 249,000 | 4,381,000 |
| 3.605 | 1 | 50,000 | 0 | 50,000 | 0 |
| 3.610 | 382 | 11,620,000 | 4,546,000 | 876,000 | 6,198,000 |
| 3.618 | 1 | 13,000 | 0 | 13,000 | 0 |
| 3.620 | 123 | 4,729,000 | 657,000 | 1,062,000 | 3,010,000 |
| 3.630 | 21 | 522,000 | 293,000 | 0 | 229,000 |
| 3.631 | 1 | 360,000 | 0 | 360,000 | 0 |
| 3.638 | 1 | 69,000 | 0 | 69,000 | 0 |
| 3.640 | 3 | 47,000 | 0 | 0 | 47,000 |
| TOTAL | 1,003 | 34,025,000 | 12,730,000 | 2,679,000 | 18,616,000 |
Green green grass of home, by Tom Jones. Eat grass leow, if drops further.
another perspective w.r.t the failure to merge:
Bharti has ended its merger talks with MTN as no
consensus could be reached on the structure of the
deal. DBS Research expects SingTel’s share price to
benefit from this news in the near term due to two
key reasons (1) Bharti’s stock price has fallen by close
to 10 per cent from its peak in the last one month on
possible overpayment concerns. As Bharti constitutes
33% of our SOTP valuation for SingTel, if Bharti stages
5-10% recovery, SingTel can register 2-3% recovery.
(2) SingTel had omitted special dividends with its FY08
results (we had expected 8 cents) possibly to reserve
cash for MTN deal. With no cash outlay required for
the MTN deal now, investors can hope SingTel to
announce special dividends in FY09, given its net debt
to EBITDA at 0.9x is much below the optimal ratio of
1.5x-2.0x. Maintain Hold with TP of S$3.98.
it's against the odds...brace for a bumpy ride....
Telcos are usually national interests and are difficult to buy over.
Recall Shin Corp?
definitely a bad news for singtel.
limkt009 ( Date: 24-May-2008 16:45) Posted:
|
Merger talks between India's biggest mobile phone services firm, Bharti Airtel, and South Africa's flagship MTN Group have been called off, the Indian company said in a statement on Saturday.
Alright...very near $3.60 now....under my monitor list....watch and observe first.
Recently noticed high volume...of average 30m plus the last few days....somethings up???