AF Global (formerly: LCD Global Investments Ltd)

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(06-10-2014, 11:04 PM)rainmaker Wrote:
(06-10-2014, 08:02 PM)propertyinvestor Wrote: I CALL UPON ALL SHAREHOLDERS TO VOTE AGAINST RESOLUTION 4A and 4B on the appointment of the 2 Japenese representative of J Trust. ALL MINORITY SHAREHOLDERS SHOULD DENY THEM THE ACCESS TO EXECUTIVE CONTROL OF THE COMPANY
The LUMs try to short the minority and not able to face anymore pressure, sold to JT. We need to give a chance to the new mgmt and see what value they can deliver. If voted them out, then who can come in and manage. KWS hand is full and if he is interested, he can come out with a better offer. So what is your valid reason?

The Japanese has no experience in the hospitality business. Would you also want to hand control of the company to a person who deliberately skirt the takeover code just to gain control of a company while coming up with only 29% capital outlay?

Obviously, the minority shareholders should work together to deny them access to the board. Why pay them the director fees? If they so badly want the directorship, they should jolly well extend the 30cent offer and make a GO to everybody.
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(06-10-2014, 11:10 PM)propertyinvestor Wrote:
(06-10-2014, 11:04 PM)rainmaker Wrote:
(06-10-2014, 08:02 PM)propertyinvestor Wrote: I CALL UPON ALL SHAREHOLDERS TO VOTE AGAINST RESOLUTION 4A and 4B on the appointment of the 2 Japenese representative of J Trust. ALL MINORITY SHAREHOLDERS SHOULD DENY THEM THE ACCESS TO EXECUTIVE CONTROL OF THE COMPANY
The LUMs try to short the minority and not able to face anymore pressure, sold to JT. We need to give a chance to the new mgmt and see what value they can deliver. If voted them out, then who can come in and manage. KWS hand is full and if he is interested, he can come out with a better offer. So what is your valid reason?

The Japanese has no experience in the hospitality business. Would you also want to hand control of the company to a person who deliberately skirt the takeover code just to gain control of a company while coming up with only 29% capital outlay?

Obviously, the minority shareholders should work together to deny them access to the board. Why pay them the director fees? If they so badly want the directorship, they should jolly well extend the 30cent offer and make a GO to everybody.

What's wrong with the Japs with buying 29% if thats what it takes to control the company via the Board? Die die must cross 30% and make an offer meh???

How come you never complain when Lums controls 29%?
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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(06-10-2014, 11:14 PM)opmi Wrote:
(06-10-2014, 11:10 PM)propertyinvestor Wrote:
(06-10-2014, 11:04 PM)rainmaker Wrote:
(06-10-2014, 08:02 PM)propertyinvestor Wrote: I CALL UPON ALL SHAREHOLDERS TO VOTE AGAINST RESOLUTION 4A and 4B on the appointment of the 2 Japenese representative of J Trust. ALL MINORITY SHAREHOLDERS SHOULD DENY THEM THE ACCESS TO EXECUTIVE CONTROL OF THE COMPANY
The LUMs try to short the minority and not able to face anymore pressure, sold to JT. We need to give a chance to the new mgmt and see what value they can deliver. If voted them out, then who can come in and manage. KWS hand is full and if he is interested, he can come out with a better offer. So what is your valid reason?

The Japanese has no experience in the hospitality business. Would you also want to hand control of the company to a person who deliberately skirt the takeover code just to gain control of a company while coming up with only 29% capital outlay?

Obviously, the minority shareholders should work together to deny them access to the board. Why pay them the director fees? If they so badly want the directorship, they should jolly well extend the 30cent offer and make a GO to everybody.

What's wrong with the Japs with buying 29% if thats what it takes to control the company via the Board? Die die must cross 30% and make an offer meh???

How come you never complain when Lums controls 29%?

Thats because I willingly became a shareholder when the Lums were in charge of the company. I cannot accept a change of management with a change of controlling shareholder as well.

Theres a reason why most banks extend credit on the condition that there will be no change in management and controlling shareholder during the tenure of the loan Rolleyes
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(06-10-2014, 11:24 PM)propertyinvestor Wrote:
(06-10-2014, 11:14 PM)opmi Wrote:
(06-10-2014, 11:10 PM)propertyinvestor Wrote:
(06-10-2014, 11:04 PM)rainmaker Wrote:
(06-10-2014, 08:02 PM)propertyinvestor Wrote: I CALL UPON ALL SHAREHOLDERS TO VOTE AGAINST RESOLUTION 4A and 4B on the appointment of the 2 Japenese representative of J Trust. ALL MINORITY SHAREHOLDERS SHOULD DENY THEM THE ACCESS TO EXECUTIVE CONTROL OF THE COMPANY
The LUMs try to short the minority and not able to face anymore pressure, sold to JT. We need to give a chance to the new mgmt and see what value they can deliver. If voted them out, then who can come in and manage. KWS hand is full and if he is interested, he can come out with a better offer. So what is your valid reason?

The Japanese has no experience in the hospitality business. Would you also want to hand control of the company to a person who deliberately skirt the takeover code just to gain control of a company while coming up with only 29% capital outlay?

Obviously, the minority shareholders should work together to deny them access to the board. Why pay them the director fees? If they so badly want the directorship, they should jolly well extend the 30cent offer and make a GO to everybody.

What's wrong with the Japs with buying 29% if thats what it takes to control the company via the Board? Die die must cross 30% and make an offer meh???

How come you never complain when Lums controls 29%?

Thats because I willingly became a shareholder when the Lums were in charge of the company. I cannot accept a change of management with a change of controlling shareholder as well.

Theres a reason why most banks extend credit on the condition that there will be no change in management and controlling shareholder during the tenure of the loan Rolleyes
KWS is also not experience guy nor many of the top businessman cos they need to oversee their other business group. Sitting on board is different from day-to-day management which is anchored by another group of professionals. JT will not takover without a plan. The fees is for a group of directors same as other AGM. Will attend the AGM and voted for Jap unless KWS came out and state his intention of taking over.
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The whole Geyland Koh empire is into LCD... Now Aspial...

http://infopub.sgx.com/FileOpen/eFORM3_7...eID=317506

http://infopub.sgx.com/FileOpen/Form%203...eID=317501

Koh controls 19.86% liao
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(08-10-2014, 08:59 PM)greengiraffe Wrote: The whole Geyland Koh empire is into LCD... Now Aspial...

http://infopub.sgx.com/FileOpen/eFORM3_7...eID=317506

http://infopub.sgx.com/FileOpen/Form%203...eID=317501

Koh controls 19.86% liao

looks like koh still keen to buy more....Big Grin
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^^^ Confirmation then... But what does Koh see in LCD at 30cts

(27-09-2014, 11:52 AM)specuvestor Wrote: Looks like Koh is catalyst for JTrust to be white knight then

(22-09-2014, 12:49 PM)specuvestor Wrote: interesting... how does Koh fit into this... is he opportunistic or he was catalyst
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
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RNAV is 45-50c per share depending on how the Xuzhou project turns out. Koh's Average cost is less than 30cents anyway taking into account his earlier acquisitions
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Thanks Propertyinvestor.

What is the margin and profit contribution you looking at in Xuzhou to achieve this RNAV given the conditions in China now and LCD book of ~27cts?

His cost is not relevant since he is still buying now at 29cts while Lum sold at 30cts Smile
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
Reply
(09-10-2014, 01:20 PM)specuvestor Wrote: Thanks Propertyinvestor.

What is the margin and profit contribution you looking at in Xuzhou to achieve this RNAV given the conditions in China now and LCD book of ~27cts?

His cost is not relevant since he is still buying now at 29cts while Lum sold at 30cts Smile

Assuming the WHOLE project (retail/hotel) is completed and all residential units are sold, the RNAV will be 56-61cents.

Assuming just the residential is completed with half the units handed successfully over to buyers, RNAV will be 35-41cents.
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