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This company is going privatisation.
dun tink is any bad sign.. just profit taking for those who had hold tis counter for veri veri long..
There is a massive sell down. Is this a bad sign?
but how come still trading at 23.5 cents?
Kudos to the Dude who said FL has the potential to hit 25c....that close!
Now FL has shown its worth or at least BT thinks so! Cheers and Santa Clause is coming to town early for all FLers....hohohohoho...!
Yeah.. tks cashiertan.. lesson learnt.
Yes, still will get divvy.
| nickyng Veteran |
Posted: 05-Dec-2007 16:40 |
 x 0  x 0 * Alert Admin |
take over price of 24.5cts and share now trading at 22.5cts? if i buy and keep many lots ...do i earn alot ?!??!?!??!?!??! WAT am i WAITING for ?!??!?! hee |
will still get the dividend payout right?
huatah, the key to my trading is never regret all transaction. cut if needed and let it run if needed.
even if frontline turned against me also i dun feel anything when i just cut it. same when frontline ran up, i try not to attach emotions in my trade else i will make the same old mistakes which i made in early days of trading. man those are regretable trade!
i make more losing trades than winning trades but i am lucky to make more than i lose.
ability to pick close to 80% winning trade is a level to high for me yet.
Cashiertan... guess this counter had not failed you and prove it's worth rite.... lol..
I guess de management had fought take over price higher than 0.245... anyway.. let's hope that this counter continue to shine and CHEONG further...
warren buffett used to do that; provided the deal is 100% on.
take over price of 24.5cts and share now trading at 22.5cts? if i buy and keep many lots ...do i earn alot ?!??!?!??!?!??! WAT am i WAITING for ?!??!?! hee
pity they did not manage to get a higher price
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| SINGAPORE (Thomson Financial) - BT Singapore, a unit of BT Group plc, has offered to fully acquire Singapore-based information technology services provider Frontline Technologies Corp Ltd for about 202 million Singapore dollars or 24.5 cents per share
The acquisition is still subject to regulatory approvals, the companies said in a joint statement Wednesday BT's offer values Frontline at a 28.7 percent premium to the company's market capitalization of 157 million dollars on December 3, before it requested a trading suspension Macquarie Securities (Asia) Pte Ltd is advising BT on the deal The acquisition "will create one of the leading providers of networked IT solutions... to local, regional and global customers," said Francois Barrault, chief executive officer of BT Global Services |
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But, you will have to wait for 3 to 6 months before the takeover complete. It is one way of arbitrage.....
higher than ipo 22 in 2001
is 0.245 a fair valuation?
Good news Frontline to be acquired @0.245. by BT, Now about 4++% mgmt has agreed to sell. All vested Congrats.
The wait will be over soon. FL is calling for a press conf @ 1.30 today at Ritz Carton. Must be good announcements since it is calling a press conf. Cheers!