Sakari   

Straits Asia

all stock moved up except this

 

q at 88 to short...offer only 80.7, sure cant substain long one...

 

$0.80 is too low for an offer. i believe they will counter offer and the deal will put through in the next couple of months.

 

Those who went long, keep it as long and take the dividends and sell it at a premum when the takeover is complete.

 

Thks, keepnosecrets.  Just follows some forumers but take a limited risk.  You may be right, the counter might even shoot past 90 cents, who knows?

 

Is it worth the risk?  I don't think so because there is news in the counter and the news is not bad news.  It might get you burnt if "they" want to catch you!

Laulan      ( Date: 24-Mar-2009 11:04) Posted: I shorted 10 lots at 0.86 and bt back at 0.84.  I If this worth the effort and the risk? cheongwee      ( Date: 23-Mar-2009 17:10) Posted: report said done deal at 80c...so how low below 80c???you thin

 

I shorted 10 lots at 0.86 and bt back at 0.84.  I If this worth the effort and the risk?

cheongwee      ( Date: 23-Mar-2009 17:10) Posted: report said done deal at 80c...so how low below 80c???you think tchoonw      ( Date: 23-Mar-2009 17:07) Posted: below 80

 

report said done deal at 80c...so how low below 80c???you think

tchoonw      ( Date: 23-Mar-2009 17:07) Posted: below 80c cheongwee      ( Date: 23-Mar-2009 17:05) Posted: what your target px?

 

below 80c

cheongwee      ( Date: 23-Mar-2009 17:05) Posted: what your target px?? tchoonw      ( Date: 23-Mar-2009 16:27) Posted: short this bugger once resume trading...confirm drops!

 

what your target px??

tchoonw      ( Date: 23-Mar-2009 16:27) Posted: short this bugger once resume trading...confirm drops!

 

short this bugger once resume trading...confirm drops!

 

How to kaychiao..when deal is done..but i think px is higher than 80c but below 83c..i think.

but this counter ok..so no worry if you got it..wish you well...buy some gold and silver for insurance..just 10%..is good.

keepnosecrets      ( Date: 23-Mar-2009 11:45) Posted: Can be very good and can be bad. Good, means price cheong because wah finally there is somebody seriously interested in the shares and offering $0.807.  Some big holders may become interested too by trying to kachiao the deal. Some competitors may say, I want to push the price higher so you people who sell regret, and I am not giving the vote for it. The bad side is that the buyer might use some shares to throw at a lower and lower price for their own benefit. So many possibilites..

 

Can be very good and can be bad.

Good, means price cheong because wah finally there is somebody seriously interested in the shares and offering $0.807.  Some big holders may become interested too by trying to kachiao the deal. Some competitors may say, I want to push the price higher so you people who sell regret, and I am not giving the vote for it.

The bad side is that the buyer might use some shares to throw at a lower and lower price for their own benefit.

So many possibilites..   

 

many months back I day trade earn couple of hundreds.... I'm dare not touch it as can see huge vol but price always stay there... quite same with China Hongxi....

 

r u vested..me not...but this is always seen in this forum...so look only...so what will be the px later..just for notice and knowledge..kind of a kaypoh..hope u dont mind..

des_khor      ( Date: 23-Mar-2009 10:58) Posted: insider news leak again I guess... as we can smell fishy always trade around 0.80 level for so long altought there is a rumours saying that will take over SA....

 

insider news leak again I guess... as we can smell fishy always trade around 0.80 level for so long altought there is a rumours saying that will take over SA....

 

i think they should let trading resume in the afternoon, since the dealt is done...interesting to see the reaction ..

 

sorry, ignore this post, me though it is still pending, read again and news said it was sold..60% stake...gone ...really.hope not so bad when trading resume...good luck

cheongwee      ( Date: 23-Mar-2009 10:43) Posted: But on the contrary, opposite to everyone view, it may cheong....why?..ppl assume they wont let go cheaply, so push up the share px., or seller wont let go for cheap..hope they dont sell cheap..

 

But on the contrary, opposite to everyone view, it may cheong....why?..ppl assume they wont let go cheaply, so push up the share px., or seller wont let go for cheap..hope they dont sell cheap..

 

louis_leecs...how now??? told u to move to citi...now hope it wont go down much...citi is a better bet...this one is sour...offer lower than market px, and they sell..becos i think they bought cheaply, so can just take and run...they know heavy deflation is upfront...commodities to come down more..

cheongwee      ( Date: 19-Mar-2009 23:44) Posted: This counter will make your money stalk...move your $ over to citi..or AIG... This one can wait later...i believe this one liquidity isa a good sign...but that not now..why miss $$$$...go AIG..and citi. Me got the other half of profit..that is Wall St money..casino money to roll...so i am not duly worried..am looking to next new low to go long... louis_leecs      ( Date: 19-Mar-2009 22:39) Posted: test so long for resistance,,,,,,,,,im a bit cautious coming day,,,,,,,,,,,,,im keep quiet for a wait,,,,,,,,,,,,,,,,,,,,,,,zzzzzzzzzzzz

 

gone case.... offer lower than current market price !!

Juzztrade      ( Date: 23-Mar-2009 10:19) Posted: Thailand’s PTT Offers to Buy Controlling Stake in Straits Asia Share | Email | Print | A A A By Jason Scott March 23 (Bloomberg) -- PTT Pcl, Thailand’s biggest energy company, agreed to buy 60 percent of Straits Resources Ltd.’s controlling stake in Straits Asia Resources Ltd. for as much as $335 million, to add coal mines in Indonesia. PTT International Co. will pay Straits Resources $220 million for the stake and a further amount of as much as $115 million, depending on “reserve upgrades” at a mine in Indonesia, the offer documents said. Because the deal involves a change of control in Straits Asia, the Bangkok-based company also made a takeover offer for the Singapore-based company. Straits Asia supplies coal to Japan, Taiwan and South Korea from mines in Indonesia. Perth-based Straits Resources, which owns a 47 percent stake in Straits Asia, said Dec. 4 it received approaches from potential buyers for its stake. “Coal represents an important long term diversification strategy and growth opportunity for PTT,” PTT said in today’s statement. “PTT will also benefit from the coal expertise of the management team who has been responsible for Straits Resources’s success and growth in coal.” PTT offered 80.7 Singapore cents a share, 4.5 percent less that their last traded price for Straits Asia as part of the transaction, valuing the company at S$882 million ($583 million). Straits Resources shares were halted from trade in Sydney. To contact the reporters on this story: Jason Scott in Perth at Jscott14@bloomberg.net; Last Updated: March 22, 2009 20:28 EDT