Guthrie GTS

(30-07-2013, 07:02 PM)Wildreamz Wrote:

(29-07-2013, 11:23 PM)pianist Wrote: as usual, next quarter numbers, we may start to see waves after waves of impairment charges across the balance sheet..after the failed 1st round of attack on the castle, mortars may start flying across the moat from the invaders..keke..get ready to hold yr shield

Sorry, I am new to this. To my understanding, impairment charge is the writing off of goodwill etc. Are there any such potential write-offs on the balance sheet? They have even went so far to declare that their RNAV is about $1.13 (http://infopub.sgx.com/FileOpen/Guthrie-...eID=248968 Page:34)

Correct me if I am wrong, thanks in advance.

FWIW, EHL had done an impairment on its development land before. Fu yu dunno write down its PPE how many times. Manufacturing firms also write down inventories like steel, aluminium. Watch companies can write down their luxury watches until they get sold. Think they r many ways to write down stuff...

Deadline of the offer approaching.

Will trading immediately resume next Monday?

This is last minute work.
I refer to the Offer Documents, Appendix 1

1.1 First Closing Date....will close at 5.30pm on 7 Aug 2013.
1.3 Offer to Remain Open for Further 14 Days. Pursuant to Rule 22.5 of the Code, the Offer will remain open for a period of not less than 14 days after the date on which the Offer would otherwise have closed.

Question: if there is no further announcement from Offeror by tomorrow (i.e First Closing Date), does it mean the Closing Date is automatically extended 14 days?

Is it common practice of having "First Closing Date"?

(06-08-2013, 09:12 PM)PkNanas Wrote: This is last minute work.
I refer to the Offer Documents, Appendix 1

1.1 First Closing Date....will close at 5.30pm on 7 Aug 2013.
1.3 Offer to Remain Open for Further 14 Days. Pursuant to Rule 22.5 of the Code, the Offer will remain open for a period of not less than 14 days after the date on which the Offer would otherwise have closed.

Question: if there is no further announcement from Offeror by tomorrow (i.e First Closing Date), does it mean the Closing Date is automatically extended 14 days?

Is it common practice of having "First Closing Date"?

Good that you are at least doing your homework. The answer is "NO". It is not automatic. If they want to extend another 14 days, they will have to announce it. Even if they want to let the GO lapse, they will also have to do an announcement to say so. in any case there will be an announcement after the closing tomorrow.
extending the closing date is only practical if they already have close to the desired %age. As it is now, this looks like not going to happen. So it's either let it lapse(no extension) or up the offer(extend 14 days). so stay tune for tomorrow.

[/quote]
Good that you are at least doing your homework. The answer is "NO". It is not automatic. If they want to extend another 14 days, they will have to announce it. Even if they want to let the GO lapse, they will also have to do an announcement to say so. in any case there will be an announcement after the closing tomorrow.
extending the closing date is only practical if they already have close to the desired %age. As it is now, this looks like not going to happen. So it's either let it lapse(no extension) or up the offer(extend 14 days). so stay tune for tomorrow.
[/quote]

Thanks.
If they intend to revise the Offer, when is the last minute that Offeror can do so?

Theoretically speaking, the Closing is 5.30pm tomorrow, any revised or extension announcement must be made before 5.30pm?
Any minute beyond this means the Offer has lapsed, and Offerror can not revise nor extend. Is this correct understanding?

What I wanted to establish is, Offeror will announce during the office hour (likely in the morning), if it intends to revise or extend. If so, we still have time to react.

Make the announcement between 1705hrs and 1730hrs. You won't get to trade and the offer hasn't lapsed.

(06-08-2013, 09:44 PM)Jacmar Wrote:

(06-08-2013, 09:12 PM)PkNanas Wrote: This is last minute work.
I refer to the Offer Documents, Appendix 1

1.1 First Closing Date....will close at 5.30pm on 7 Aug 2013.
1.3 Offer to Remain Open for Further 14 Days. Pursuant to Rule 22.5 of the Code, the Offer will remain open for a period of not less than 14 days after the date on which the Offer would otherwise have closed.

Question: if there is no further announcement from Offeror by tomorrow (i.e First Closing Date), does it mean the Closing Date is automatically extended 14 days?

Is it common practice of having "First Closing Date"?

Good that you are at least doing your homework. The answer is "NO". It is not automatic. If they want to extend another 14 days, they will have to announce it. Even if they want to let the GO lapse, they will also have to do an announcement to say so. in any case there will be an announcement after the closing tomorrow.
extending the closing date is only practical if they already have close to the desired %age. As it is now, this looks like not going to happen. So it's either let it lapse(no extension) or up the offer(extend 14 days). so stay tune for tomorrow.

What is the % now? How can we can the info?

Aiya, don't need to speculate and play with the Indonesians.

They are already kind enough to pay $0.88. In any case, they will continue to hang around should the deal fail to go through.

They are the substantial owners and have more stamina than anyone of us. Without the deal, it is obvious that share price will not be supported at 88.

(06-08-2013, 11:16 PM)greengiraffe Wrote: Aiya, don't need to speculate and play with the Indonesians.

They are already kind enough to pay $0.88. In any case, they will continue to hang around should the deal fail to go through.

They are the substantial owners and have more stamina than anyone of us. Without the deal, it is obvious that share price will not be supported at 88.

Why is that so?

I believe that Guthrie has both the assets and earning prospect to warrant that price.

(vested, hence biased)

Each one will have to make his/her decision. I am inclined to think that the offer will be revised upward because there is still a lot of meat left for the controlling shareholders even if the offer is revised upward by 10% to 97 cents.

Assume that the controlling shareholders made an offer at 97 cents to start with, other shareholders would still expect a revision of the offer; hence, if I am the controlling shareholders, I will also first offer a price lower than the final price I am willing to offer, and then revise the price upward later.

I believe 97 cents is fair to both parties. I am one who bought more at 88 cents from the market after weighting the risk and reward.