Penguin International

(21-12-2020, 08:47 AM)¯|_(ツ)_/¯ Wrote: Keppel?

Stay home and stay safe, everyone.

Keppel currently has 6.24% deem interest. 

So maybe not big enough to launch a privatisation offer.

But Penguin only has 220+ mil shares. Say they offer 10% premium over the current price of ard 64c. It would only cost $131 mil. Not insignificant but definitely within Keppel's financial capability.

Penguin (PIL)
As per yesterday announcement, Ng Kok Wah 
+100,000@0.5825 (increase his % from 4.995 to 5.04%)
+  50,000@0.58    (increase to 5.064%)

A review of AR shows that he was rank #11 with 1.34% @ 15 Mar 2020



Stay home and stay safe, everyone.

Penguin (PIL)
As per yesterday announcement, Ng Kok Wah 
+100,000@0.5825  (increase his % from 4.995 to 5.04%)
+  50,000@0.58     (increase to 5.064%)

+ 220,000@0.6078 (increase to 5.164%)



I was collecting recently from 43-48.
I'm wondering whether it is still worth my time to collect.
I think the answer is yes.

What do you think?

Stay home and stay safe, valuebuddies.

(30-12-2020, 08:56 AM)¯|_(ツ)_/¯ Wrote: Penguin (PIL)
As per yesterday announcement, Ng Kok Wah 
+100,000@0.5825  (increase his % from 4.995 to 5.04%)
+  50,000@0.58     (increase to 5.064%)

+ 220,000@0.6078 (increase to 5.164%)



I was collecting recently from 43-48.
I'm wondering whether it is still worth my time to collect.
I think the answer is yes.

What do you think?

Stay home and stay safe, valuebuddies.

BTW, any info who is NKW? is he just an individual investor? any background info on him?

Penguin (PIL)
As per yesterday announcement, Ng Kok Wah 
+100,000@0.5825  (increase his % from 4.995 to 5.04%)
+  50,000@0.58     (increase to 5.064%)

+ 220,000@0.6078 (increase to 5.164%)

31/12/2020 SGX +14,500@0.60597 (increase to 5.171%)
https://links.sgx.com/FileOpen/_FORM3_Fi...eID=644002

Happy New Year and this is a map of Australia First wind farm:

https://www.evwind.es/2019/11/16/marine-...nces/71841

AI and automation in wind farm inspection video:

Stay safe and stay healthy, everyone.

PIL
Halt

Stay home and stay safe, everyone.

Conditional Offer $0.65.

OFFER ANNOUNCEMENT

Is it a fair offer? 

It's not a GO by one of the big guns but seems more like a pre-emptive strike by management to secure control of the company.

(21-01-2021, 12:41 PM)lonewolf Wrote: Conditional Offer $0.65.

OFFER ANNOUNCEMENT

Is it a fair offer? 

It's not a GO by one of the big guns but seems more like a pre-emptive strike by management to secure control of the company.

High chance that this will not go through and price need to be revised higher, given that market has gone up, last trade price is already 65c, and Sunningdale precedence

(21-01-2021, 12:48 PM)DCF Wrote: High chance that this will not go through and price need to be revised higher, given that market has gone up, last trade price is already 65c, and Sunningdale precedence

Do you mean it won't even clear 50% at 65c?

The offeror currently has 21.56%. So it only needs another 29% or so.

I agree that it probably won't reach the 90% level for delisting but I think some shareholders may want to cash out. Of cos, if the market price is also 65c, then the incentive to accept the offer is definitely lower.

It must be crazy to offer to buy at 65c, which value the company below its book value and under 10 PE. Am surprised why would Jeffrey and James given green light to this, given that it was traded at 71c pre-covid pre-Swissco deal.