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All this takeover talks and yet with the price is as low as it is now, isn't it the time for the SSH to gobble it up now? Surprised its not being bought up at much bigger volumes today at .014
Thanks for the summary csk1217 - so they essentially have nearly doubled the Shareholdings in 3 weeks by increasing almost 10%.
189m should be 19 days to go, at their current pace of 10.39m shares a day. ( So 3 Tuesdays from now. )
| SSH buy | |||||||
| Announcement date | Date of change in interest | SSH opening | Quantity | Amount | Unit price | SSH closing | % of the SHH |
| May 28 2013 | May 22 2013 | 284,481,515 | 14,236,000 | 186,068.00 | 0.01307 | 298,717,515 | 12.56% |
| No announcement | Not disclosed | 298,717,515 | 6,500,000 | Not disclosed | 305,217,515 | 12.83% | |
| Jun 08 2013 | Jun 06 2013 | 305,217,515 | 7,157,000 | 100,698.00 | 0.01407 | 312,374,515 | 13.13% |
| No announcement | Not disclosed | 312,374,515 | 20,500,000 | Not disclosed | 332,874,515 | 14.00% | |
| Jun 11 2013 | Jun 10 2013 | 332,874,515 | 1,670,000 | 23,380.00 | 0.01400 | 334,544,515 | 14.07% |
| No announcement | Not disclosed | 334,544,515 | 22,000,000 | Not disclosed | 356,544,515 | 14.99% | |
| Jun 12 2013 | Jun 12 2013 | 356,544,515 | 5,000,000 | 75,000.00 | 0.01500 | 361,544,515 | 15.20% |
| No announcement | Not disclosed | 361,544,515 | 10,000,000 | Not disclosed | 371,544,515 | 15.62% | |
| Jun 14 2013 | Jun 13 2013 | 371,544,515 | 10,000,000 | 150,000.00 | 0.01500 | 381,544,515 | 16.04% |
| No announcement | Not disclosed | 381,544,515 | 21,247,000 | Not disclosed | 402,791,515 | 16.94% | |
| Jun 15 2013 | Jun 14 2013 | 402,791,515 | 10,000,000 | 148,000.00 | 0.01480 | 412,791,515 | 17.36% |
| No announcement | Not disclosed | 412,791,515 | 10,000,000 | Not disclosed | 422,791,515 | 17.78% | |
| Jun 15 2013 | Jun 14 2013 | 422,791,515 | 13,000,000 | 195,000.00 | 0.01500 | 435,791,515 | 18.32% |
| No announcement | Not disclosed | 435,791,515 | 10,000,000 | Not disclosed | 445,791,515 | 18.74% | |
| Jun 18 2013 |
Jun 17 2013
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445,791,515 | 10,000,000 | 150,000.00 | 0.01500 | 455,791,515 | 19.17% |
| No announcement | Not disclosed | 455,791,515 | 10,000,000 | Not disclosed | 465,791,515 | 19.59% | |
| Jun 18 2013 |
Jun 17 2013
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465,791,515 | 13,000,000 | 195,000.00 | 0.01500 | 478,791,515 | 20.13% |
| No announcement | Not disclosed | 478,791,515 | 19,764,000 | Not disclosed | 498,555,515 | 20.96% | |
| Jun 20 2013 | Jun 19 2013 | 498,555,515 | 10,000,000 | 170,000.00 | 0.01700 | 508,555,515 | 21.38% |
| No announcement | Not disclosed | 508,555,515 | 5,000,000 | Not disclosed | 513,555,515 | 21.59% | |
| Jun 20 2013 | Jun 19 2013 | 513,555,515 | 10,000,000 | 170,000.00 | 0.01700 | 523,555,515 | 22.01% |
| Total shares acquired to-date | 239,074,000 |
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Share capital of Teledata = 2,378,239,500
I have summarised the acquisitions by SSH based on SGX announcement. SSH had acquired 239,074,000 shares over the past month and increased their stake from 11.96% to 22.01%, they need to acquire another 189,916,335 shares to reach 30% shareholding. Maybe will take another month to reach there.
I just curious why no announcement was made for certain acquisitions by the SSH? Does anyone know is it not all acquisitions by the SSH need to be disclosed?
How many percent liao worrrrrrr....cepat lahhhh
Meritus Resources Ltd bought 10mil shares at $0.017 on 19th Jun as per disclosure with SGX.
So should be comfortable to buy in at this current price now.
http://info.sgx.com/webcorannc.nsf/AnnouncementLast3MonthsByCompanyNameAndCategory/95CF82DA009CC25D48257B8F007B9CFE?opendocument
sg225551 ( Date: 20-Jun-2013 17:07) Posted:
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Minimum Offer Price (Rule 14.3): Currently, an offeror who incurs an
obligation to make a take-over offer must pitch the offer at the highest price paid by
him and his concert parties for offeree company shares in the preceding 12 months.
In view of increasingly volatile markets, the revised Code shortens the price
reference period to 6 months to strike a better balance between market efficiency
and equity.
JarolLo ( Date: 20-Jun-2013 17:05) Posted:
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ok. So what is the highest price that SSH purchases? This could be the comfort level for those who vested.
sk6666 ( Date: 20-Jun-2013 16:59) Posted:
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Oh! Really? That will ease my concern. Thanks.
sg225551 ( Date: 20-Jun-2013 16:55) Posted:
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Correct me if i am wrong. The takeover code states that the offer price should be higher than the highest price the SSH accumulated.
sk6666 ( Date: 20-Jun-2013 16:50) Posted:
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Ya...I know. What if the GO price is way below 1.4 cents? Maybe slightly above NAV?
If really GO, offer price sure based on something as a benchmark.
Sorry, I am not against you. Just want to clear my doubts.
iwonder ( Date: 20-Jun-2013 16:33) Posted:
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Would it be better to buy when the current price is below NAV? Or when the current price is above NAV?
JarolLo ( Date: 20-Jun-2013 15:39) Posted:
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Buy a stock based on its future potential.
No venture, no gain.... SSH don't accumulate for nothing.
The current price is still way above the NAV.
sk6666 ( Date: 20-Jun-2013 14:42) Posted:
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SSH means substantial shareholder...in this case is Meritus Resources.
sg225551 ( Date: 20-Jun-2013 14:39) Posted:
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NAV (Group) 31.3.13 0.563 cents
NAV (Co.) 31.3.13 0.085 cents
currently trading at 1.4/1.5 cents. Still can enter now?
by the way, what is or who is SHH? thanks
csk1217 ( Date: 20-Jun-2013 14:09) Posted:
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Support found at 0.014? Seem like SHH won't lets the share price up too much before they are finishing the accumulation. SHH may step in to buy up more shares at 0.014-0.015 again. Looking for another 10mil share buy up at 0.015 soon.
守 得 云 开 见 月 明
playing share two important factors must have: holding power and patience.
duofu1285 ( Date: 20-Jun-2013 13:08) Posted:
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How how....is it cummmminggggg
Problem is there are a lot of force selling.
A lot of people goes in thinking of making a quick buck but end up paying more.
Today expect more buy ups by SSH ( cheaper...thanks to forced sellers)
In stock investment/trades one must be prepared to make losses in order to win.
yiewkhong ( Date: 20-Jun-2013 10:46) Posted:
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