Internet Technology Group

No point KP, the risk was known before the investment, but might be under estimated.

The total holding of WHL, and Undertaking Shareholders is 61.4%. The free float is slightly more than 40% as in AR2012.

Let's see the progress, next step is the IFA report.

My guess is 6-8% of all minority shareholders in any
listed company don't do anything. Meaning don't even tender
shares to Offeror.

So to resist the Offer, must get 5% not to accept the offer. These
guys are more active or at least know what they are buying. And
read newspapers.

If there is no awareness or no one to point to low ball, the Offer
will gain momentum + Offeror buys in mkt. Then too late Liao.

Getting people to do NOTHING is easier than getting them to do some thing.

My observation and guess only.

(26-09-2013, 03:08 PM)opmi Wrote: My guess is 6-8% of all minority shareholders in any
listed company don't do anything. Meaning don't even tender
shares to Offeror.

So to resist the Offer, must get 5% not to accept the offer. These
guys are more active or at least know what they are buying. And
read newspapers.

If there is no awareness or no one to point to low ball, the Offer
will gain momentum + Offeror buys in mkt. Then too late Liao.

My observation and guess only.

A free-float of more than 40%, has given me an assurance that there should be no easy buy-out, but I might be wrong.

Most of the minority shareholders' cost should be higher than the offer price. So it will be a tough job for Goh Brothers.

Let's see. May be a good learning experience.

(26-09-2013, 11:50 AM)CityFarmer Wrote: No point KP, the risk was known before the investment, but may be under estimated.

The total holding of WHL, and Undertaking Shareholders is 61.4%. The free float is slightly more than 40% as in AR2012.

Let's see the progress, next step is the IFA report.

Since the Goh brothers can vote for the Delisting Resolution, I suppose that is a foregone conclusion.

As for IFA report, 90% of the times, its useless and a waste of time and money. I probably can guess what the IFA is going to say. Reject the offer if shareholders continue to remain confident in the company or can get a better price from the open market. Accept the offer as its a fair offer at a premium and a chance for minority to realise their investment etc.

I'm not going to accept this rubbish offer. And I'll probably try to attend the EGM or at least send my proxy form in to vote against the Delisting Resolution. But then again, I usually reject all conditional/unconditional cash offer unless its crossed over the 90% threshold.

Oh...it is a delisting proposal. Then it is not about doing nothing. Must do something.
People must send in their votes. That's makes KP to the press more important.
I GUESS there are some journalists lurking around VB.

I don't look most IFAs up. No backbone. Shallow methodology and questionable comparables used for justifying recommendation.

Not the first company with a single big-break property project to be delisted.

The appointed Independent Financial Adviser (IFA) is Genesis Capital Pte. Ltd.

Reference: http://infopub.sgx.com/FileOpen/Announce...eID=258774

Revision of offer price to 13.8 cents.

http://infopub.sgx.com/FileOpen/SICRulin...eID=265385

Not vested

(21-11-2013, 09:39 PM)ngcheeki Wrote: Revision of offer price to 13.8 cents.

http://infopub.sgx.com/FileOpen/SICRulin...eID=265385

Not vested

Base on the number of shares have been acquired from open market so far, I am not surprised by the revision.

Well, 13.8 cents offer still not attractive to me. Let's see the market response on the new offer price.

(vested)

The market price of the company, is 13.2-13.3 cents with a volume of about 200 lots, even after the offer price revision of 13.8 cents.

I am puzzled by those sold their stake below 13.8 cents today. Isn't it irrational to accept a price below 13.8 cents?

(vested)