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I cOuld lOcate the sOft cOpy Of the Full Set Of CASH OFFER dOcument which iNcludes Page 13, CLAUSE 11.3 Listing Status of the Company, to post here.
Just wOnder WHY this Full Document is nOt pOsted anyWHERE On the INTERNET?
READ CAREFULLY
CLAUSE 11.3 Listing Status of the Company On Page 13 Of the CASH OFFER documented 18 March 2010 sent to your home.
You wOuld understand WHY the BUYERS On LAST Friday, 19th March 2010 were sO cOnfident.
GLENCORE GROUP is a PRIVATE GROUP withOut any LiSTED vEhiclE.
ChemOil Energy One gOOd Way fOr BACK-DOOR LISTING by GLENCORE.
WiTH GLENCORE DRiViNG ChemOil's Global Storage and Distribution Network, it is gOOd fUtUre fOr ChemOil tO SOAR its share PRiCE tO USD1.00.
C H E E R S !
From the Shareholders Statistics, GLENCORE almost has NO CHANCE to take Over 100% CONTROL at this CheapO & CheatO PRiCE.
As lOng as ALL the Public Shareholders NEVER accept the CASH OFFER.
That was the reasOn its share PRiCE SOAR On Friday, 19th March 2010.
gOOd CHANCE tO lOad Up on Monday, 22nd March 2010.
Once the CASH OFFER falls thrOugh, Share PRiCE will retUrn to US$0.600.
oceanblue ( Date: 20-Mar-2010 17:44) Posted:
| Just got the letter from CDP. They are making an offer for the shares at US$0.3552 in cash. Can I don't accept the offer? It is too low. |
|
Statistics Of Shareholding
as at 5 March 2008
Total number of issued shares : 1,292,612,000 shares
Issued and Fully Paid-up Capital : HK$16,175.65
Class of Shares : Ordinary Shares with equal voting rights
Size of Shareholding Number of Shareholders % Number of Shares %
1 – 999 5 0.12 1,154 0.00
1,000 – 10,000 2,719 64.45 16,327,765 1.26
10,001 – 1,000,000 1,479 35.05 62,239,000 4.82
1,000,001 and above 16 0.38 1,214,044,081 93.92
T O T A L 4,219 100.00 1,292,612,000 100.00
Substantial Shareholders
(As recorded in the Register of Substantial Shareholders)
DIRECT Interest DEEMED Interest
No. of Shares % No. of Shares %
Andorra Services Limited 107,388,194 8.31 – –
Chandran Family Trust – – 549,360,000
Vivian Pearl Johnston Chandran 549,360,000 42.50 107,388,194
Itochu Corporation 284,729,000 22.03 200,000,000
Itochu Petroleum Co., (Singapore) Pte. Ltd. 200,000,000 15.47 – –
(1) 42.50(2) 8.31(3) 15.47
Notes:
(1) Upon transfer of the 549,360,000 Shares held by the late Mr Robert Chandran to Mrs Chandran as the succeeding trustee of the Chandran Family Trust, Mrs Chandran shall hold the
Shares in trust for the Chandran Family Trust. It is the Company’s understanding that Mrs Chandran holds a life interest in the trust. Upon the death of Mrs Chandran, the children of
Mrs Chandran, namely Sharon Stacey Johnston Chandran, who is also a director of the Company, and Ashley Carolyne Johnston Chandran, shall hold equal life interests in the trust.
Under Section 4 of the Securities & Futures Act, Cap. 289, Mrs Chandran is presently deemed, and Sharon Stacey Johnston Chandran and Ashley Carolyne Johnston Chandran (upon
succeeding Mrs Chandran) will be deemed, to be interested in the Shares held in the Chandran Family Trust.
(2) Andorra Services Limited, a company incorporated in Hong Kong, all the shares of which were beneficially owned by the late Mr Chandran will be contributed to the Chandran Family
Trust. Under Section 4 of the Securities & Futures Act, Cap. 289, Mrs Chandran is deemed to be interested in 107,388,194 shares held by Andorra Services Limited through DBSN
Services Pte. Ltd.
(3) Itochu Petroleum Co., (Singapore) Pte. Ltd. is a wholly-owned subsidiary of Itochu Petroleum Japan Ltd, which is a wholly-owned subsidiary of Itochu Corporation. Under Section 4 of
the Securities & Futures Act, Cap. 289, Itochu Corporation is deemed to be interested in 200,000,000 shares held by Itochu Petroleum Co., (Singapore) Pte. Ltd.
SHAREHOLDING PROFILE
Twenty Largest Shareholders
No. Name of Shareholders Number of Shares %
1. Itochu Corporation 284,729,000 22.03
2. Chandran Robert Viswanathan 264,360,000 20.45
3. DBSN Services Pte Ltd 239,166,000 18.50
4. Itochu Petroleum Co (S) Pte Ltd 200,000,000 15.47
5. HSBC (Singapore) Nominees Pte Ltd 129,782,000 10.04
6. Raffles Nominees Pte Ltd 42,173,000 3.26
7. Morgan Stanley Asia (Singapore) Securities Pte Ltd 28,650,000 2.22
8. Citibank Nominees Singapore Pte Ltd 5,721,000 0.44
9. Merrill Lynch (Singapore) Pte Ltd 4,067,900 0.31
10. United Overseas Bank Nominees Pte Ltd 3,697,000 0.29
11. UOB Kay Hian Pte Ltd 3,509,000 0.27
12. DBS Nominees Pte Ltd 2,801,181 0.22
13. OCBC Securities Private Ltd 1,523,000 0.12
14. Liew Chee Kong 1,389,000 0.11
15. Phillip Securities Pte Ltd 1,382,000 0.11
16. DBS Vickers Securities (S) Pte Ltd 1,094,000 0.08
17. CIMB-GK Securities Pte. Ltd. 974,000 0.08
18. Kim Eng Securities Pte. Ltd. 824,000 0.06
19. Ng Wee Han 800,000 0.06
20. Chia Kok Seng 700,000 0.05
T O T A L 1,217,342,081 94.17
Percentage Of Shareholding In Public’s Hands
Approximately 11.67% of the Company’s shares are held in the hands of public.
Accordingly, the Company has complied with Rule 723 of the
Listing Manual of the Singapore Exchange Securities Trading Limited.
This is standard procedure since Glencore has acquired the majority. Can ignore. Let's hope Itochu do not accept as well..
Just got the letter from CDP. They are making an offer for the shares at US$0.3552 in cash. Can I don't accept the offer? It is too low.
Hi bro ... where to view this ? thks !
pharoah88 ( Date: 19-Mar-2010 16:24) Posted:
| Chemoil US$ |
Symbol:
AV5 |
Currency:
US Dollar |
| Last: |
0.385 |
 + 0.025 |
Vol (K): 7951.0 |
| Trading |
| Updated Time |
19-Mar 15:57 |
| Open |
0.36 |
High |
0.405 |
Low |
0.36 |
| Prev Close |
0.36 |
Buy |
- |
Sell |
- |
| Volume(K) |
7951.0 |
Buy Vol(K) |
- |
Sell Vol(K) |
- |
| 52 Wk High |
0.565 |
52 Wk Low |
0.23 |
52 Wk Avg Vol |
1871.122 |
| All Time High |
0.965 |
All Time Low |
0.1 |
|
|
| Comments |
No Info |
*Reporting Currency in USD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
| Financials |
| Date Updated |
26 Feb 2010 |
Financial Year |
31 Dec 2008 |
Current Year Profit
(After Tax) $'000,000 |
47.069 |
Previous Year Profit
(After Tax) $'000,000 |
30.331 |
| Net Asset Per Share |
0.21 |
Turnover $'000,000 |
3.24 |
Current Year EPS
(After Interest and Tax) |
0.04 |
Previous Year EPS
(After Interest and Tax) |
0.02 |
| PE Ratio (After Tax) |
9.1 |
Times Covered |
7284.0 |
| Price (at update time) |
0.365 |
Dividend Yield |
0.01 |
*Technical Analysis Information is updated Daily
| Technicals |
| RSI |
42.05 |
Williams %R |
-100.0 |
| Comments (RSI) |
No Info |
Comments (W%R) |
Oversold |
|
|
It is not speculative. If you remember who bought over Chemoil, you will understand why.
Hulumas ( Date: 19-Mar-2010 17:25) Posted:
Speculative buying due to oversold position, as simple as that!
greendino ( Date: 19-Mar-2010 14:05) Posted:
| What's the story of chemoil today? sudden surge in interest? any news to justify? |
|
|
|
ChemOil TOP GAiNS CHART tOday
SembMarine dOwn S$0.08 tO S$3.94
Speculative buying due to oversold position, as simple as that!
greendino ( Date: 19-Mar-2010 14:05) Posted:
| What's the story of chemoil today? sudden surge in interest? any news to justify? |
|
| Chemoil US$ |
Symbol:
AV5 |
Currency:
US Dollar |
| Last: |
0.385 |
+ 0.025 |
Vol (K): 7951.0 |
| Trading |
| Updated Time |
19-Mar 15:57 |
| Open |
0.36 |
High |
0.405 |
Low |
0.36 |
| Prev Close |
0.36 |
Buy |
- |
Sell |
- |
| Volume(K) |
7951.0 |
Buy Vol(K) |
- |
Sell Vol(K) |
- |
| 52 Wk High |
0.565 |
52 Wk Low |
0.23 |
52 Wk Avg Vol |
1871.122 |
| All Time High |
0.965 |
All Time Low |
0.1 |
|
|
| Comments |
No Info |
*Reporting Currency in USD
Important: ShareJunction obtains our finance data from a third party. Check financial year before use. EPS values are recorded up to two decimal points.
| Financials |
| Date Updated |
26 Feb 2010 |
Financial Year |
31 Dec 2008 |
Current Year Profit
(After Tax) $'000,000 |
47.069 |
Previous Year Profit
(After Tax) $'000,000 |
30.331 |
| Net Asset Per Share |
0.21 |
Turnover $'000,000 |
3.24 |
Current Year EPS
(After Interest and Tax) |
0.04 |
Previous Year EPS
(After Interest and Tax) |
0.02 |
| PE Ratio (After Tax) |
9.1 |
Times Covered |
7284.0 |
| Price (at update time) |
0.365 |
Dividend Yield |
0.01 |
*Technical Analysis Information is updated Daily
| Technicals |
| RSI |
42.05 |
Williams %R |
-100.0 |
| Comments (RSI) |
No Info |
Comments (W%R) |
Oversold |
What's the story of chemoil today? sudden surge in interest? any news to justify?
12:09pm
9th pOsitiOn On tOp vOlume CHART tOday
Friday, 19th March 2010
ChemOil done at USD0.405.
Start Of NEW ERA fOr ChemOil.
AcquisitiOn targEt Of CNOOC and PETROCHINA ?
Glenocare will bring Chemoil to greater height , with its strong asset and trading backing. Should touch above .40 soon
m2d4pc ( Date: 18-Dec-2009 13:55) Posted:
|
Chemoil to go private is in Glencore best interest.
By privatizing it, Glencore can easily strip or restructure chemoil into Glencore business without needing to report to sgx about it!
In oil trading, speed and privacy is utmost important, SGX listing pose restriction to this kind of business.
The compulsory share buy back suggests that they are interested in taking it private.
Minority shareholders hope that the Jap fund would lead a counter-attack. But Glencore already has more than 50%, so the Jap would be wasting time doing a counter attack.
|
|
Chemoil to go private is in Glencore best interest.
By privatizing it, Glencore can easily strip or restructure chemoil into Glencore business without needing to report to sgx about it!
In oil trading, speed and privacy is utmost important, SGX listing pose restriction to this kind of business.
The compulsory share buy back suggests that they are interested in taking it private.
Minority shareholders hope that the Jap fund would lead a counter-attack. But Glencore already has more than 50%, so the Jap would be wasting time doing a counter attack.
The unconditional offer for Chemoil's remaining shares is mandatory under SGX rules. Glencore's low offer could reflect that it has no intention to delist this counter. Hence offering a low ball price that does not attract take up.
However, the messages they have sent out so far, as in Chemoil's shares has been overpriced, does not bore well for this counter. If we look across the market, how many counters have not doubled or tripled since March's low? If Chemoil is overpriced, the rest of the mkt jolly well are as well. In addition, if they have the intention to grow this investment, they should be sending out positive messages to prop up the share price which would immediately bump up the value of their 50.8% stake.
All said, I reckon they are with the intention to force the minority shareholders to sell it cheap like the Chandran Trust did i.e. take Chemoil private.
It is no longer meaningful to question why the Chandran family could be so hard up to have to sell their stake at such a low price. Afterall, this company should mean a lot to them in terms of sentimental value.
The issue now is, what if Itochu does not want so sell. That would mean Glencore will not be able to privatise Chemoil. What next then? Will Itochu be interested in a tug-of-war or in the process of throwing in the towel?
It remains unclear whether Glencore's intention is to take Chemoil private. Utimately what Glencore wants is to make decent profit from it's investment. Until delisting, it would not like to see falling share price as it may have pledged its equity stake to creditors.
Like in the case of Xstrata, a major ore/alloy producer, I believe Glencore has equity stakes while it controls the sales channels. Glencore's model has that it always seeks to be the sole sales channel for companies/products worldwide. It generate profits by trading, representation, and shipping.
At the end of the day, it is a renowned and respected company in the world of commodities. Glencore's taking over of Chemoil is a postive development on many fronts. On this counter, I feel there are upsides in terms of USD, oil and shipping industry. Over the long term, Chemoil will grow stronger with Glencore.
The immediate concerns for me may be share price slipping and delisting. Weighing the concerns versus prospects, I am prepared to take a chance. But like in all investment, always be prepared to lose.
You will be shareholder of a private company. You still get dividends and your rights to vote etc. But note that it is nearly impossible to sell away your stake once it is delisted.
Best to admit defeat and take up the offer if they are going to delist it.
