Nope, OZ sold them at open market. See here http://stxosv.listedcompany.com/stock_insider.html.
jamesng ( Date: 02-Mar-2013 23:16) Posted:
I thought Oz agreed to sell at 1.22...look at the announcement below. Am I correct???
The OZ Parties (defined below) refer to the mandatory unconditional cash offer made by Fincantieri Oil & Gas S.p.A. (“Offeror”) for all the issued ordinary shares in the capital of STX OSV Holdings Limited (“SOP”) other than those already owned, controlled or agreed to be acquired by the Offeror, its related corporations and their respective nominees.
Prior to the Transactions, the OZ Parties and their concert parties owned or controlled or had agreed to acquire an aggregate of 80,898,000 SOP Shares, representing approximately 6.86 per cent. of the total number of SOP Shares.
Following the Transactions, as at 28 February 2013, the OZ Parties and their concert parties, owned, controlled or had agreed to acquire an aggregate of 77,063,000 SOP Shares, representing approximately 6.53 per cent. of the total number of SOP Shares.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4853BFC1800FF0A348257B21000FC6F1/$file/Dealings_Disclosure.pdf?openelementhttp://stxosv.listedcompany.com/stock_insider.html.
jamesng ( Date: 02-Mar-2013 23:16) Posted:
I thought Oz agreed to sell at 1.22...look at the announcement below. Am I correct???
The OZ Parties (defined below) refer to the mandatory unconditional cash offer made by Fincantieri Oil & Gas S.p.A. (“Offeror”) for all the issued ordinary shares in the capital of STX OSV Holdings Limited (“SOP”) other than those already owned, controlled or agreed to be acquired by the Offeror, its related corporations and their respective nominees.
Prior to the Transactions, the OZ Parties and their concert parties owned or controlled or had agreed to acquire an aggregate of 80,898,000 SOP Shares, representing approximately 6.86 per cent. of the total number of SOP Shares.
Following the Transactions, as at 28 February 2013, the OZ Parties and their concert parties, owned, controlled or had agreed to acquire an aggregate of 77,063,000 SOP Shares, representing approximately 6.53 per cent. of the total number of SOP Shares.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4853BFC1800FF0A348257B21000FC6F1/$file/Dealings_Disclosure.pdf?openelement |
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too complex to understand even after reading the booklet that was sent to me.
anyway I am not worry as I already sold mine .
at least I can sleep soundly now.
Nope, OZ sold them at open market. See here http://stxosv.listedcompany.com/stock_insider.html. jamesng ( Date: 02-Mar-2013 23:16) Posted:
I thought Oz agreed to sell at 1.22...look at the announcement below. Am I correct???
The OZ Parties (defined below) refer to the mandatory unconditional cash offer made by Fincantieri Oil & Gas S.p.A. (“Offeror”) for all the issued ordinary shares in the capital of STX OSV Holdings Limited (“SOP”) other than those already owned, controlled or agreed to be acquired by the Offeror, its related corporations and their respective nominees.
Prior to the Transactions, the OZ Parties and their concert parties owned or controlled or had agreed to acquire an aggregate of 80,898,000 SOP Shares, representing approximately 6.86 per cent. of the total number of SOP Shares.
Following the Transactions, as at 28 February 2013, the OZ Parties and their concert parties, owned, controlled or had agreed to acquire an aggregate of 77,063,000 SOP Shares, representing approximately 6.53 per cent. of the total number of SOP Shares.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4853BFC1800FF0A348257B21000FC6F1/$file/Dealings_Disclosure.pdf?openelement |
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I thought Oz agreed to sell at 1.22...look at the announcement below. Am I correct???
The OZ Parties (defined below) refer to the mandatory unconditional cash offer made by Fincantieri Oil & Gas S.p.A. (“Offeror”) for all the issued ordinary shares in the capital of STX OSV Holdings Limited (“SOP”) other than those already owned, controlled or agreed to be acquired by the Offeror, its related corporations and their respective nominees.
Prior to the Transactions, the OZ Parties and their concert parties owned or controlled or had agreed to acquire an aggregate of 80,898,000 SOP Shares, representing approximately 6.86 per cent. of the total number of SOP Shares.
Following the Transactions, as at 28 February 2013, the OZ Parties and their concert parties, owned, controlled or had agreed to acquire an aggregate of 77,063,000 SOP Shares, representing approximately 6.53 per cent. of the total number of SOP Shares.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4853BFC1800FF0A348257B21000FC6F1/$file/Dealings_Disclosure.pdf?openelement
OZ sell at open market i think, definitely not at $1.22, the deal are all based on open market price. jamesng ( Date: 02-Mar-2013 22:03) Posted:
| Why OZ want to sell at 1.22? Have I correct about this? |
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Why OZ want to sell at 1.22? Have I correct about this?
The Italian cannot acquire in open market outside of the offer price, don't see how they can acquire more than 90%. It will likely make SGX history if the GO goes through, don't think it ever occur before where GO is a success when the offer price is lower than open market trading price.
your face look worried and confuse, sell or don't a decision that is hard to decide. GorgeousOng ( Date: 02-Mar-2013 16:51) Posted:
I am.....
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Let us help to talk it up... Chiong Aaaaaaaaaaaarh!!!...
 GorgeousOng ( Date: 02-Mar-2013 18:23) Posted:
He did not " MAU" last week, thinking to" MAU" or " Dump" next week lah!
He is very confuse!
iPunter ( Date: 02-Mar-2013 17:45) Posted:
Did the man " mau " on this counter last week?... lol...
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He did not " MAU" last week, thinking to" MAU" or " Dump" next week lah!
He is very confuse!iPunter ( Date: 02-Mar-2013 17:45) Posted:
Did the man " mau " on this counter last week?... lol...
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Did the man " mau " on this counter last week?... lol...
I am.....
As long as the GO is still on-going , it won't go below 1.22... After the GO ... anything can happen though ... jamesng ( Date: 02-Mar-2013 16:16) Posted:
nothing is for sure.....once below 1.22, anyways, be careful....
The OZ Parties (defined below) refer to the mandatory unconditional cash offer made by Fincantieri Oil & Gas S.p.A. (“Offeror”) for all the issued ordinary shares in the capital of STX OSV Holdings Limited (“SOP”) other than those already owned, controlled or agreed to be acquired by the Offeror, its related corporations and their respective nominees.
Prior to the Transactions, the OZ Parties and their concert parties owned or controlled or had agreed to acquire an aggregate of 80,898,000 SOP Shares, representing approximately 6.86 per cent. of the total number of SOP Shares.
Following the Transactions, as at 28 February 2013, the OZ Parties and their concert parties, owned, controlled or had agreed to acquire an aggregate of 77,063,000 SOP Shares, representing approximately 6.53 per cent. of the total number of SOP Shares.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4853BFC1800FF0A348257B21000FC6F1/$file/Dealings_Disclosure.pdf?openelement
neon31 ( Date: 02-Mar-2013 16:10) Posted:
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Based on the facts, the stock won't be listed. Recent buy call by MacQuarie and OSK mentioned the target price as 1.82. So I expect the the stock would raise rather than fall towards 1.22. |
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nothing is for sure.....once below 1.22, anyways, be careful....
The OZ Parties (defined below) refer to the mandatory unconditional cash offer made by Fincantieri Oil & Gas S.p.A. (“Offeror”) for all the issued ordinary shares in the capital of STX OSV Holdings Limited (“SOP”) other than those already owned, controlled or agreed to be acquired by the Offeror, its related corporations and their respective nominees.
Prior to the Transactions, the OZ Parties and their concert parties owned or controlled or had agreed to acquire an aggregate of 80,898,000 SOP Shares, representing approximately 6.86 per cent. of the total number of SOP Shares.
Following the Transactions, as at 28 February 2013, the OZ Parties and their concert parties, owned, controlled or had agreed to acquire an aggregate of 77,063,000 SOP Shares, representing approximately 6.53 per cent. of the total number of SOP Shares.
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_4853BFC1800FF0A348257B21000FC6F1/$file/Dealings_Disclosure.pdf?openelementneon31 ( Date: 02-Mar-2013 16:10) Posted:
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Based on the facts, the stock won't be listed. Recent buy call by MacQuarie and OSK mentioned the target price as 1.82. So I expect the the stock would raise rather than fall towards 1.22. |
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Based on the facts, the stock won't be listed. Recent buy call by MacQuarie and OSK mentioned the target price as 1.82. So I expect the the stock would raise rather than fall towards 1.22.
No matter if there's any panic selling, I don't think the price will drop much below 1.22. Probably they can use the price as an 'arm-twisting' technique to make people sell, eg by offering a lower price than 1.22, but only if that is allowed by the exchange rules. If it's permitted, a likely outcome is for them to suspend and halt trading and then continue to negotiate. jamesng ( Date: 02-Mar-2013 14:13) Posted:
| if fall below 1.22, will there be panic selling and people start to decide to accept the offer??? |
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if fall below 1.22, will there be panic selling and people start to decide to accept the offer???
After 13 Mar, is there any possibilty at all for them to make another offer, eg. @ 1.10, since the stock holders have rejected the 1.22 initial offer? ...  ksloi1 ( Date: 02-Mar-2013 13:15) Posted:
I will go in big again at 1.24 .....
E& Y report has a very good analysis and comparison data already......... From there , you can work out the fair value ..... I believe it will go back to where it should be worth after all the " dust has settled" ...... Let's see after 13th Mar .....
iPunter ( Date: 02-Mar-2013 11:54) Posted:
This one can go back down to 1.24...
The (previosuly) beautiful chart pattern is already koyak...
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