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good... wished had bought more...now hold on to see this grow...
mcking ( Date: 08-Aug-2013 06:37) Posted:
No, they did not buy recently. And they probably cannot as it is within one month of announcing their final results for the year.
Should be a very interesting final year result or corporate action within the result, judging by the fact they converted all their warrants although the expiry date is 4 1/2 years away. Also the company is already flushed with cash, there is very little logic of cash injection via warrant conversion by the 87% controlling shareholder. |
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Errr.... what happened to your " wait for FY results" and " hold on for privatisation" ???? I think the next time you write any letter to a CEO, he will ignore you for sure.
edwinjup ( Date: 12-Aug-2013 11:19) Posted:
| Well done..haileck....i have lock in all profit liao..thanks |
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Well done..haileck....i have lock in all profit liao..thanks
No, they did not buy recently. And they probably cannot as it is within one month of announcing their final results for the year.
Should be a very interesting final year result or corporate action within the result, judging by the fact they converted all their warrants although the expiry date is 4 1/2 years away. Also the company is already flushed with cash, there is very little logic of cash injection via warrant conversion by the 87% controlling shareholder.
hi folks...anyone here can tell me if cheng bought back shares recently at 255 ? i cannot open the file on sgx thanks ...
What if the Chengs take private, pay a premium and share price shoot up to 0.40 ?
What if Chang BP not interested to take private ? Many retail investors will panic and dump, share will fall back to 0.20.
If someone scope up more than 5% hl share now..maybe the counter will be susp and pending for actions as available for public fall below ten percent
jackson5 ( Date: 28-Jul-2013 11:33) Posted:
Hope someone with strong financials , scoop up more than 10.1% of HL shares and upset Cheng's privatization plan, like what is happening to Hong Leong Cap in Malaysia , then we minority can even hope for a better offer from Cheng. Still hopeful on this !
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U really make everyone a happy weekend..let see any actions after fy result...cheer
jackson5 ( Date: 28-Jul-2013 10:30) Posted:
| If the offer price is not more than 0.35, The chengs are unlikely to succeed to take private.
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Hope someone with strong financials , scoop up more than 10.1% of HL shares and upset Cheng's privatization plan, like what is happening to Hong Leong Cap in Malaysia , then we minority can even hope for a better offer from Cheng. Still hopeful on this !
U really make everyone a happy weekend..let see any actions after fy result...cheer
jackson5 ( Date: 28-Jul-2013 10:30) Posted:
| If the offer price is not more than 0.35, The chengs are unlikely to succeed to take private.
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If the offer price is not more than 0.35, The chengs are unlikely to succeed to take private.
sorry ..should be more diplomatic ... yahoo.
tea444u ( Date: 27-Jul-2013 13:41) Posted:
yipppppeeeeeeeeeee!!!! thank you Jackson..... made my day!!!
jackson5 ( Date: 27-Jul-2013 11:55) Posted:
The chengs spent almost S$9 millions to convert the warrants 4 and 1/2 years before the expiry of it ?
For the dividend ? Maybe but highly unlikely because every 1 cent will give them 68K extra of dividend.
Take private ? Maybe but highly likely because it can save millions yearly and can operate with more freedom and flexibilities. After all HL is a very small listed company and HL do not need a listing status to give a good and high profile for borrowing monies from banks.
If the chengs want to have effective control over HL , all they need is just 50% plus one share , and the rest of the expenses are shared by the minorities.
Now they hold about 86% , practically they bear more of the expenses , not really shared by the minorities.
Hold on to your shares for the privatization, the chengs will have to pay a premium to take private.
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yipppppeeeeeeeeeee!!!! thank you Jackson..... made my day!!!
jackson5 ( Date: 27-Jul-2013 11:55) Posted:
The chengs spent almost S$9 millions to convert the warrants 4 and 1/2 years before the expiry of it ?
For the dividend ? Maybe but highly unlikely because every 1 cent will give them 68K extra of dividend.
Take private ? Maybe but highly likely because it can save millions yearly and can operate with more freedom and flexibilities. After all HL is a very small listed company and HL do not need a listing status to give a good and high profile for borrowing monies from banks.
If the chengs want to have effective control over HL , all they need is just 50% plus one share , and the rest of the expenses are shared by the minorities.
Now they hold about 86% , practically they bear more of the expenses , not really shared by the minorities.
Hold on to your shares for the privatization, the chengs will have to pay a premium to take private.
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Thanks...but may need to wait a while as cheng might not be able to buy or sell any share around one month before fy result..expected in 26aug
jackson5 ( Date: 27-Jul-2013 11:55) Posted:
The chengs spent almost S$9 millions to convert the warrants 4 and 1/2 years before the expiry of it ?
For the dividend ? Maybe but highly unlikely because every 1 cent will give them 68K extra of dividend.
Take private ? Maybe but highly likely because it can save millions yearly and can operate with more freedom and flexibilities. After all HL is a very small listed company and HL do not need a listing status to give a good and high profile for borrowing monies from banks.
If the chengs want to have effective control over HL , all they need is just 50% plus one share , and the rest of the expenses are shared by the minorities.
Now they hold about 86% , practically they bear more of the expenses , not really shared by the minorities.
Hold on to your shares for the privatization, the chengs will have to pay a premium to take private.
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The chengs spent almost S$9 millions to convert the warrants 4 and 1/2 years before the expiry of it ?
For the dividend ? Maybe but highly unlikely because every 1 cent will give them 68K extra of dividend.
Take private ? Maybe but highly likely because it can save millions yearly and can operate with more freedom and flexibilities. After all HL is a very small listed company and HL do not need a listing status to give a good and high profile for borrowing monies from banks.
If the chengs want to have effective control over HL , all they need is just 50% plus one share , and the rest of the expenses are shared by the minorities.
Now they hold about 86% , practically they bear more of the expenses , not really shared by the minorities.
Hold on to your shares for the privatization, the chengs will have to pay a premium to take private.
The cheng will give offer before they decide to cross 90%. An EGM will be called ,
and the circular will state the Cheng will apply SGX listing Section xxx after crossing 90%.
I was shareholder of PST , I refused to accept PIL's offer , thought worst case scenario for me was to hold the shares in an unlisted company like CK Tang , but this Section xxx is just like property Enbloc rule , if the offeror apply it , game over for all minority.
Even I did not sign any consent letter, CDP deducted my PST shares from my CDP account and transfer it to PIL, and PIL just sent me a bank draft few days later.
Hi tea..still not sure ceo actions..just need to wait for fy result in end aug to get cue..cheer and stay cool...
tea444u ( Date: 27-Jul-2013 01:53) Posted:
not mandatory... voluntary... rite?
tea444u ( Date: 26-Jul-2013 20:51) Posted:
| also cheng holds 87 percent...bit more mandatory takeover |
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not mandatory... voluntary... rite?
tea444u ( Date: 26-Jul-2013 20:51) Posted:
also cheng holds 87 percent...bit more mandatory takeover?
jackson5 ( Date: 26-Jul-2013 10:00) Posted:
| Cheng will take private and delist it, can save millions yearly .
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hi to delist he would still haf to pay a small premium above the last traded price right?
jackson5 ( Date: 26-Jul-2013 22:40) Posted:
Cheng need another 3-4% to cross 90% , game over for all minorities . HL will be privatised and delisted automatically.
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