Vard   

STXOSV

So long exceed 50 percent in accordance with SGX listing rules, it is mandatory for the acquirer to extend the offer to the rest of the shareholders....

Short term wont fall below $1.22..... Rule of thumb is to mark up 10%.... So it shall trade between $1.34 to $1.40.....

I doubt the Italians want to privatize the whole company....

Definitely wont fall below $1.22 otherwise the Italians would come after the Nowergians....

I may dispose it once I make some kopi money and switch using CPF to buy for long term.....

Of course I am not a God...Just personal feel

 

 

 

 

 

going down to $1.22 soon.

 

Can someone help to enlighten me on the issue of STXOSV's sale of the 50.75%  the Italian company. What happen to  shares we  own after  sales after the completion of the sales transaction in the 1st quarter of 2013? Will we be forced to accept the ridiculous  conditional offer of S$1.22 per share? Do we contionue to own the shares after the sales transaction is completed? Will the stock price recover in the  near future? Heartache?

 

Merlin, if you don't mind how many lots you bought?

merlin_magic      ( Date: 21-Dec-2012 11:31) Posted: Done. Bought at 1.31

 

Hi, anyone here loaded on this discount round other than merlin? 

 

Done. Bought at 1.31

 

Thanks for your concern. Go worry about your own stocks first

bishan22      ( Date: 21-Dec-2012 11:22) Posted: Those on shorts r sitting on nice profit. The price actions are so obvious.  bishan22      ( Date: 17-Dec-2012 12:13) Posted: Expected to come. Short. Short. Short

 

Those on shorts r sitting on nice profit. The price actions are so obvious. 

bishan22      ( Date: 17-Dec-2012 12:13) Posted: Expected to come. Short. Short. Short. bishan22      ( Date: 12-Dec-2012 16:43) Posted: If 1.425 cannot hold, it will drift lower.

 

l loaded some more just now.

Holding until next April for the price to shoot up when they have to purchase the remaining shares from the public. 

 

1.305 :(

 

not always. Hero dies first in trading story......

MtFaber      ( Date: 21-Dec-2012 11:04) Posted: The market is always irrational! Fear is taking its grip. The brave will be rewarded.

 

after the Italian company declared that they are buying at 1.22 they are restricted to buy any shares from the public till the transaction is over. 

srichipan      ( Date: 21-Dec-2012 11:08) Posted: Can the Italian company buy in open market? Or They must declare? MtFaber      ( Date: 21-Dec-2012 11:04) Posted: The market is always irrational! Fear is taking its grip. The brave will be rewarded.

 

i cant remember off hand but they first got to buy from the major shareholders first then us.

so an offer is way to far from sealing the deal....it may inch up n up....u see F& N still hvnt end yet n many already sold at discounted price

this time ard many will also sell at discounted thinking 1.22 is the end of the story........

 

srichipan      ( Date: 21-Dec-2012 10:43) Posted: At what percentage can they do mandatory takeover? rutheone1905      ( Date: 21-Dec-2012 10:41) Posted: any price u dislike u can choose not to sell....... they can force u only when they purchase enough to mandatory take over.

 

Can the Italian company buy in open market? Or
They must declare?

MtFaber      ( Date: 21-Dec-2012 11:04) Posted: The market is always irrational! Fear is taking its grip. The brave will be rewarded.

 

The market is always irrational! Fear is taking its grip. The brave will be rewarded.

 

Yah. People panic selling now when they saw the offer price of 1.22. Happened to ezion befoee

MtFaber      ( Date: 21-Dec-2012 10:59) Posted: Kind of thinking along this view. Have to offer a good premium for a fundamentally sound company.   srichipan      ( Date: 21-Dec-2012 10:56) Posted: I think next news will give an indication of the price range they offering to retail investors. Personally I think it would be near the average of 1.48 if not at least a premium above it. If not cant be possibly they are held under our control. Holding up the price till very high before selling.

 

Kind of thinking along this view. Have to offer a good premium for a fundamentally sound company.


 

srichipan      ( Date: 21-Dec-2012 10:56) Posted: I think next news will give an indication of the price range they offering to retail investors. Personally I think it would be near the average of 1.48 if not at least a premium above it. If not cant be possibly they are held under our control. Holding up the price till very high before selling. ethanetoh      ( Date: 21-Dec-2012 10:02) Posted: why still don't lift the trading halt? after bad news got good news to come?

 

I think next news will give an indication of the price range they offering to retail investors. Personally I think it would be near the average of 1.48 if not at least a premium above it.

If not cant be possibly they are held under our control. Holding up the price till very high before selling.

ethanetoh      ( Date: 21-Dec-2012 10:02) Posted: why still don't lift the trading halt? after bad news got good news to come?

 

Ficantieri will be most happy to snap them up at cheap prices. 

 

You think we care?

bishan22      ( Date: 21-Dec-2012 10:42) Posted: Can say bye bye to this counter. Used to make $$$ from this darling.