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Another day another low ball offer!
https://www.sgx.com/mobileapp?action=vie...FZRNLNV8XB
Looking at the NAV, net cash, orderbook & future potential, the offer is kind of a joke!
I reckon Boustead shareholders are the obvious beneficiary of this (if they managed to get some BP shares via this), but otherwise this half-hearted offer price might just get underwhelming response from BP shareholders and waste the resources (times, efforts, money, papers and whatnot)
IMHO, if this is how Boustead treats BP minority shareholders, Boustead minority shareholders have to take note and be aware that they might get the same treatment in future.
https://www.sgx.com/mobileapp?action=vie...FZRNLNV8XB
Looking at the NAV, net cash, orderbook & future potential, the offer is kind of a joke!
I reckon Boustead shareholders are the obvious beneficiary of this (if they managed to get some BP shares via this), but otherwise this half-hearted offer price might just get underwhelming response from BP shareholders and waste the resources (times, efforts, money, papers and whatnot)
IMHO, if this is how Boustead treats BP minority shareholders, Boustead minority shareholders have to take note and be aware that they might get the same treatment in future.
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
"The flowers that bloom in the spring, have nothing to do with the case".