Posts: 1,733
Threads: 21
Joined: Sep 2010
Reputation:
31
Don't know should I laugh or cry...
Zhongshan park Valuation $702 million. 50% stake = S$351 million
Beverly + Balmoral $223 million. 40% stake = $89.2 million
rest of the properties = $79.7 million
Debt = 24.5 million
NTA is around $1.50 per share.
Posts: 2,744
Threads: 23
Joined: Mar 2013
Reputation:
25
07-10-2013, 09:53 PM
(This post was last modified: 07-10-2013, 10:04 PM by opmi.)
KP to the press lor. if big concentrated position.
If just 1 of 100 stock portfolio, anything also can.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Posts: 2,744
Threads: 23
Joined: Mar 2013
Reputation:
25
07-10-2013, 09:55 PM
(This post was last modified: 07-10-2013, 09:55 PM by opmi.)
k1 offer was a pre-conditional offer. and it failed.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Posts: 37
Threads: 0
Joined: May 2013
Reputation:
1
just to clarify, after reading their offer letter, their only pre condition is that they must receive at least 90% of the shares before they agree to acquire the shares?
is there any other pre condition that i missed out? thanks
Posts: 342
Threads: 2
Joined: Jul 2011
Reputation:
0
well, 75cents will be the base for the share price for superbowl for now onwards
Don't think the minority shareholders will sell.
Any white knight/big time speculators to pump up the price tomorrow?
And should the offer fails, what will the company do next?
1)nothing
2) increase the offer price
3) mop up the remaining shares either by share buyback or/and own purchases
vested
Posts: 2,744
Threads: 23
Joined: Mar 2013
Reputation:
25
07-10-2013, 10:59 PM
(This post was last modified: 07-10-2013, 11:00 PM by opmi.)
White knights won't come coz no chance of taking control. HH pte ltd owns 71% already.
If minority shareholders do nothing and/or expects others to do something, chances that SB will be privatized.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Posts: 820
Threads: 12
Joined: Jun 2012
Reputation:
7
Huh, 50 to 90% min acceptance condition... can like that suka suka change one meh? SIC, like that acceptable?
Sent from my GT-I9305 using Tapatalk 4
Posts: 271
Threads: 5
Joined: Dec 2010
Reputation:
3
Likely to trade above offer price tomorrow....
Posts: 2,744
Threads: 23
Joined: Mar 2013
Reputation:
25
(07-10-2013, 11:00 PM)smallcaps Wrote: Huh, 50 to 90% min acceptance condition... can like that suka suka change one meh? SIC, like that acceptable?
Sent from my GT-I9305 using Tapatalk 4
Been done before. E.g. Furama. Another hotel company privatized.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
Homepage
PR Newswire
