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Understand GOLD PEAK had since jun2010 accumlated huge percentage of this shares. What is the norm % for a offerer company will declare full takeover?
Would they have accumlate more than enough to make their full buyback for the rest in the market?
Where can I read their current buyback percentage n followup closely so to purchase a bit b4 their accouncement where it will soar and too late then. Pls advice.
1. Privatise = Delist
2. Chances are exit offer somewhere between current price to 75c (NAV). Not likely below current price or above NAV.
3. When can this happen? No one except the offeror knows.
Buy only when u can hold. Not safe to play contra - illiquid counters.
What is privitsation? And has it been announce?
Would there be a chance the offer price be lower than its current price as of around 60cts?
How long from today with your observation should really be materialise? Thanks, pls advice
Jackpot2010 ( Date: 12-Oct-2010 10:47) Posted:
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PRIVATISATION - near certainty! NTA >75c. Gold Peak HK (Listed on HKSE) owned 79.4% of GP Industry as at 18 Jun 2010 + Daily share buy-back since then, ownership should cross >80% by now.
like IDT...ending..delist..but not sure how much they will offer..
( 'o') ( 'o') ( 'o') WoW +989.8% !
GP Industries Limited
(Incorporated in the Republic of Singapore)
Co. Reg. No. 199502128C
Group income statement for the third quarter (“Q3”) and the nine-month (“YTD”) period ended 31
December 2009. These figures have not been audited.
Q3 ended 31.12.09 S$'000
Profit after taxation $13,938 +989.8% !
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_8DA909761813814B482576C10043BEA4/$file/GPInd_FY09-10_Q3_results.pdf?openelement
This stock is giving out dividend. Its on a uptrend.