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intertaken, I derived $1.30 at 2x NTA for Amtek. But if the hungry buyer is willing to snap up Amtek, $1.50 is not too high a pricing since it is only valuing Amtek at 2.5 times NTA.
Using MMI as reference, KKR paid 3 times NTA for the takeover.
Last week, globally, MSFT paid aQuantive 85% premium over the last trading price.
Cheers for those who believed.
Heavily vested in this counter but 1.50 seems like an impossible target.
Sorry. tuntan8888. One 8 missing from my last post.
Cheers! tuntan888.
Over 5m done in less than 2 hr., & mainly at sellers' price (very bullish). Price is likely to close @ $1.10 if competing bids continue into PM.
Cheers! hanwudi.
At the rate prices are going shooting UP, it is a done deal! Timeline: using MMI as ref. - it 1st announced on 9 Feb & finalised on 5 Apr, ie. less than 2 mth. So as Amtek 1st announced on 15 Apr, by 15 Jun, deal could be done! Those who've missed the boat, it's still not too late to go in today. 1st hr of trading done 3.6m, mostly @ $1.05 & higher.
hi lucky 168 - Due diligence checks for a suitor takes about a week or at most 2 weeks. takeover price could be at $1.30 - 1.50. Just sit tight everyone who already has the stock. If not, you may take a punt if you believe that the takeover is only a matter of time.
cheeers
Amtek price has burst over the psychological barrier of $1.00. It id moving towards $1.50 in the coming week.
Has anyone here got any knowledge usually how long it takes for such "due diligence" check? A month or two? Any accountant here?
Looks like Amtek is going to have a
GOOD time! Now there are more suitors going for the bride, so let's hope that will turn into a
bidding war!
<<The Board wishes to inform shareholders that it has received a number of approaches directly from other parties on a possible transaction involving the shares of the Company which may or may not lead to an offer for the Company. In addition to the due diligence access which was previously granted to the party referred to in the Company?s announcement of 15th May 2007, the Board has currently also agreed to grant due diligence access to one of the interested parties that approached the Board directly.>>
Takeover sentiment dampened by UTAC's denial. But Amtek is for real, so just sit tight over the consolidation.
 |
| 18-05-2007 |
Singapore Hot Stocks-UTAC down, firm says no "concrete" talks |
SINGAPORE, May 18 (Reuters)
United Test & Assembly Center fell as much as 6.2 percent on strong volume, after the rochip-testing firm said it was not in "concrete" discussions with potential bidders, in response to speculation that the firm was a takeover target. "We get requests for talks all the time from bankers," Chong Chow Pin, director of investor relations at UTAC, told Reuters on Thursday. "There's really nothing concrete that's on the table."
For more details, click on [ID:nSIN118788]
0116 GMT ((Reporting by Jamie Lee, editing by Doreen Siow; Reuters |
closed lower than opening today...
hmmmm??? seem like not everyone believe in the takeover story?
Strong support at $0.995. Shall see more up movement tomorrow.
lucky168, I'll keep my eyes glued to this counter. As it is I am very happy with the rise. It makes a good month's salary for me. Thanks for advice.
hanwudi, Thank you for your guidance. I just can't believe that I had picked such a good stock from out of the blues.
choohian, it's a matter of how much greed only you yourself know.
tuntan888 had suggested between $1.65 to $2.25, but for me, I will stick to my conservative target of $1.30
tuntan888, Thank you.Your prediction came true. The problem is, do I let go now or when?
WoW, Amtek crossed 1$, now SEKSUN Turn, Pls. watch it!
