Guthrie GTS

(12-08-2013, 10:09 PM)Wildreamz Wrote: For those still vested kudos:

2Q2013 Earning results

Earnings up, NAV up, the usual good stuff.

With such good results, can the new up offer cross $1.00 say $1.20?

(13-08-2013, 07:42 AM)LOVE YOURSELF Wrote:

(12-08-2013, 10:09 PM)Wildreamz Wrote: For those still vested kudos:

2Q2013 Earning results

Earnings up, NAV up, the usual good stuff.

With such good results, can the new up offer cross $1.00 say $1.20?

I doubt so... He already got 80% in the pocket. If up the offer, also need to up those who previously accepted the offer....

(13-08-2013, 08:25 AM)desmondxyz Wrote:

(13-08-2013, 07:42 AM)LOVE YOURSELF Wrote:

(12-08-2013, 10:09 PM)Wildreamz Wrote: For those still vested kudos:

2Q2013 Earning results

Earnings up, NAV up, the usual good stuff.

With such good results, can the new up offer cross $1.00 say $1.20?

I doubt so... He already got 80% in the pocket. If up the offer, also need to up those who previously accepted the offer....

Thank you. But are u sure they need to up those have previously accepted?

(13-08-2013, 08:46 AM)LOVE YOURSELF Wrote: Thank you. But are u sure they need to up those have previously accepted?

Yes. If that is so, there is almost no reason to hold on to the shares since selling will get rid of the risk and retain the upside.

Yes. If that is so, there is almost no reason to hold on to the shares since selling will get rid of the risk and retain the upside.
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If they don't up the offer, the acceptance will remain around 80% and the offer will fail. What other options do they have?

(13-08-2013, 09:38 AM)LOVE YOURSELF Wrote: If they don't up the offer, the acceptance will remain around 80% and the offer will fail. What other options do they have?

For a major shareholder with a very long term horizon, unconditional tender offers are a means to buy large blocks of shares, vs the "following" they will acquire when they try to purchase on the open market. They can also see their chances of "getting lucky", as yeokiwi has aptly put in, and decide what to do with their offer (extend, up price etc) as time goes by and players at the table tender their stake, double down, or wait them out.

If the offer now fails, they keep the shares they have acquired so far @ 0.88 vs NAV of 1.05 (not RNAV) and say thank you very much see you five years later at another offer. At least that is what I will do if I am the owner.

(13-08-2013, 01:57 PM)thefarside Wrote:

(13-08-2013, 09:38 AM)LOVE YOURSELF Wrote: If they don't up the offer, the acceptance will remain around 80% and the offer will fail. What other options do they have?

For a major shareholder with a very long term horizon, unconditional tender offers are a means to buy large blocks of shares, vs the "following" they will acquire when they try to purchase on the open market. They can also see their chances of "getting lucky", as yeokiwi has aptly put in, and decide what to do with their offer (extend, up price etc) as time goes by and players at the table tender their stake, double down, or wait them out.

If the offer now fails, they keep the shares they have acquired so far @ 0.88 vs NAV of 1.05 (not RNAV) and say thank you very much see you five years later at another offer. At least that is what I will do if I am the owner.

Exactly, the offer is unconditional, they are not in the hurry to take the company delisted. They can keep extending the offer and play patience game. If the offer really lapsed, they will just keep whatever they got in pocket, at least 80% for now.....

If I am the owner and I have cash on hand, as well as a concrete plan to unlock the value of the company, I will be desperate to take over the company asap.

Why play the patience game and let other people make dividend profit, while letting my cash devalue along the way, then 5 years down the road, I still need to make a higher offer to delist the company? Doesn't make any business sense.

I am 60-70% confident that they would raise the offer to buy up the last 10% of outstanding shares.

However, I have sold out Guthrie today at $0.89 to buy another undervalued company.

I am not prepared to follow through the process, sending in the form, and wait for the money to enter my account. Too troblesome for me, and the counter offer is ultimately not confirmed also.

(13-08-2013, 09:23 PM)Wildreamz Wrote: If I am the owner and I have cash on hand, as well as a concrete plan to unlock the value of the company, I will be desperate to take over the company asap.

Why play the patience game and let other people make dividend profit, while letting my cash devalue along the way, then 5 years down the road, I still need to make a higher offer to delist the company? Doesn't make any business sense.

I am 60-70% confident that they would raise the offer to buy up the last 10% of outstanding shares.

However, I have sold out Guthrie today at $0.89 to buy another undervalued company.

I am not prepared to follow through the process, sending in the form, and wait for the money to enter my account. Too troblesome for me, and the counter offer is ultimately not confirmed also.

My friend also unloaded his shares at 89 cents and buy into another company......he cant wait ........

(13-08-2013, 09:23 PM)Wildreamz Wrote: However, I have sold out Guthrie today at $0.89 to buy another undervalued company.

I am not prepared to follow through the process, sending in the form, and wait for the money to enter my account. Too troblesome for me, and the counter offer is ultimately not confirmed also.

The 10c profit should be able to cover the brokerage fee instead of following through the process and wait