Ascott   

Ascott

Yes, very intriguing......

Now that CapLd has >90% of Ascott....they will apply to SGX to delist the company after offer closes. Once its approved, they will have the right to acquire all outstanding share at 1.73 (less div payout....if any).

If, CapLd bought a single share from the open market at >1.73, they will have to revise their offer to all the highest price they paid and this will be retroactive to all who have accepted their offer. Looks like some ppl just have too much $$$$ to throw.

 

But curious leh, why people want to buy above 1.73, or rather way way above 1.73? Too much money huh? Unless got inside news....or what?

 

Ya not angry, VERY angry

 

 

I read it says within 10 days.  But CDP counter told me 10 - 21 days.  What a contrast!

Capland has gotten more than 95 % according to CNA yesterday.  The price done yesterday and this morning sure get lots of people fed-up, including me!

 

That means CapitaLand have not got 90%. Aiya, I should not have send it off last Friday.

Shit!

 

Trading and closed at 1.850. Really amazing.

 

If you read the offer carefully, CapLd said they will make payment 'within 10 days' of receipt of acceptance.

 

 

 

After I submitted to CDP, I asked them how long will it take for payment. The ans: 10 to 21 days. I left CDP with a heavy heart.

 

I am also not sure when they will pay us, but it is definitely slower than selling through the market.

 

 

How long does it take for them to pay us if we hand in the letter of acceptance last Thursday?

 

Aiyo, send my letter on Friday and to see today buyup at 1,74. Sickening....

Hmm..... what if I just sell now through the mkt???

What will happen?

 

 

89.74%.........one more trading day and it'll all be over. Perhaps it already over cos, don't forget, agent banks have not  submitted acceptances from those using CPF.

 

If Cap got 90%, they can 'FORCE' all investors to sell to them. They will probably delist to save cost.

 

 

Can anyone share what will happen if they do have more than 90%? What will happen to those investors that did not opt to fill in the form and sell the Ascott shares back to Cap. Will the share price of Ascott head south or north?

 

Actually come to think of it, Q at 1.74 has a risk factor attached.  If only one lot of our total lots are done at 1.74, we still have to pay the min brokerage. I will march down to CDP tmr morning, unwillingly.  I think CapLand is very confident of the 90% hold by 26 feb.  They ride on market sentiments.  Management very quick-witted!

 

I am so sad to hear that they are so close to 90%.  I am very reluctant to fill up the form....

I have also try to queue for 1.74 but didn't get it as I was told a lot of brokers queue very early in the morning each day.

sianz.............

 

Will try one last time for 1.74 Queue before submitting form tomorrow. They should get hold of more than 90% by Friday.

 

Thanks for the advice shplayer. I'll go fill up form and submit.

 

ccktsp,

well you need to calculate your sales proceed if you sell at 1.74 (less brokerage+ stamp duty+GST etc).vs accepting offer at 1.73 (no brokerage etc).....which will give you more.

If selling at 1.74 results in more $$$, then you need to consider if you can get into the Q at 1.74 to sell early enough. Bear in mind at the end of today's trade, 314 lots were done @ 1.74 (another 650 lots married deal) vs almost 6000 lots in the Q to sell at 1.74.

Hope this helps.