Guthrie GTS

(11-07-2013, 10:08 PM)desmondxyz Wrote: Then GUTHRIE will remain listed in sgx....

That will be awesome.

(11-07-2013, 10:10 PM)poseidonlee Wrote: Nothing puzzling. It just means that those holding to it and wants to sell at 0.88 can now simply fill the form and get the money without any fees paid. As such, logically market need to pay 0.005 more to get pple to sell. Simple as that.

Make sense.

Based on its 31/3/13 results, its NAV is $1.01.

Extrapolated PE = 6.23 (based on 31/3/13 EPS and MV of $0.88).

My personal opinion, Guthrie is worth more than the offer of $0.88.
At $0.88, the voluntary cash offer is buying the business at 12.8% discount to its NAV.

With its leisure business, engineering business and its property business, its brand value has not been included which could drive its NAV higher than $1.01. The revaluation of its properties could also drive its NAV higher.

In conclusion, $0.88 is not a fair value for minority shareholders to divest Guthrie.

Hope they dun behave like sup pack case where offeror keep dragging without increasing offer.

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(27-06-2013, 10:42 PM)smallcaps Wrote:

(27-06-2013, 10:24 PM)greengiraffe Wrote: strangely no open mkt purchase by offeror since lifting of trading halt

IIRC, this issue was brought up at Eastern Holdings AGM before. A shareholder felt that it's not right for offerer to buy off the market before advice by IFA is given, even if it's allowed by the rules.

Seems like offerer only started buying from the market after offer document was dispatched.

(12-07-2013, 12:03 AM)Kelvin Wrote: Hope they dun behave like sup pack case where offeror keep dragging without increasing offer.

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I don't mind, as long as they keep increasing company intrinsic value.

By the way, Adora Green TOPing next month

boss so desperate?

Open market : 0.885/0.89 now.....

It looks like some people are buying/mopping up Guthrie GTS shares up to $0.89/share may be to challenge or upset Salim/Masagung's unconditional GO at $0.88, or they see something positive coming that would raise the value/price of the shares further to provide them a gain.

Insider buying? Higher offer imminent?

Lots of shares sold by insiders today also.

The English in the offer document is too cheem for me

If I don't accept the offer now and when the deadline closed and they got > 90%. Will they send me another offer letter for me to sell my holding to them at $0.88 again?