Hai Leck

(21-11-2012, 05:18 PM)portuser Wrote: Yes, not paying a dividend is one sure way of wearing out and frustrating shareholders.
The AGM was held at the new site which was acquired for the PEC project, and the chairman was keen to inform shareholders that Hai Leck is moving up the value chain. He seemed to be encouraging shareholders to hang on.

I attended LY's AGM (2011) , less than 5 investors attended , believe the rest were their own people.
It was rather like a family biz gathering , seemed 'informal ', but the chengs were very friendly to all and quite proactive in sharing their biz experiences.

How was this year AGM ? hope you can share , thanks.

Its seems like PEC should acquire Hai Leck for expansion!

Very obvious , cheng family wants to take private;
Old man cheng is always a typical Chinese businessman.
He refuse to borrow from bank, refuse to take in talents from outside of his family, a hand-on man. With 85% , why should he spend on listing costs, paying director fees to 3 IDs, listing fee to SGX , printing of ARs, keep a share registrar, hold AGMs facing public scrutiny and sometimes unreasonable SHs........ etc. all this too costly for a small company like Hai Leck , he finds it too troublesome and meaningless for his biz operation.
Perhaps, if he finds all these extras are not adding value to his biz.

Delisting offer, if any, likely to be 26c...same as IPO price. But why delist when they can issue warrants, use the money and buy over other companies? There are more benefits to being listed than unlisted in the kind of industry they are operating in.

(22-11-2012, 09:33 AM)propertyinvestor Wrote: Delisting offer, if any, likely to be 26c...same as IPO price. But why delist when they can issue warrants, use the money and buy over other companies? There are more benefits to being listed than unlisted in the kind of industry they are operating in.

Even the cheng family also want to underwrite the warrant by themselves, they do not need a bank .

The chairman has indicated before that listed status matters in bidding for larger contracts. Not sure whether Hai Leck, with its two recent EPC contract wins, is entrenched enough to bid as a unlisted entity now.

Im seeing some signs of accumulation over the past 2 days...

ya, the trading volume for Hai Leck is considered "high" by its own context.,If the privatised price is 26c , it is a premium of 30%, no so bad la.

Interesting, sellers from Lim & Tan and UOB today

(22-11-2012, 10:43 AM)portuser Wrote: The chairman has indicated before that listed status matters in bidding for larger contracts. Not sure whether Hai Leck, with its two recent EPC contract wins, is entrenched enough to bid as a unlisted entity now.

Pros=Better profile for the company.
Cons= More for smaller outfit.