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10-08-2012, 07:16 PM
Just saw yet another SGX Annc that they'd utilised more of their rights proceed for investments in listed equities.
Could it be a listed SGX entity? If so, which is likely? Would they go for something like MIIF or Rickmers which gives ~10% Yield? I was thinking they may try to takeover some local distressed co. (esp. distress due to high gearing). Possible? I did check on the market cap and vol for MIIF and Rickmers after the previous announcement. But, Vol traded for Rickmers looks too low (unless they'd patiently accumulated over many days before they annc). Rickmers market cap is also small enough to be easily swallowed up. As for MIIF, the market cap is just too large to be able to take control (unless they borrow more).
Let's see if they annc anything on 13-Aug with the results.
Just throwing up possibilities..Don't throw rotten eggs at me...
<Not Vested>
Could it be a listed SGX entity? If so, which is likely? Would they go for something like MIIF or Rickmers which gives ~10% Yield? I was thinking they may try to takeover some local distressed co. (esp. distress due to high gearing). Possible? I did check on the market cap and vol for MIIF and Rickmers after the previous announcement. But, Vol traded for Rickmers looks too low (unless they'd patiently accumulated over many days before they annc). Rickmers market cap is also small enough to be easily swallowed up. As for MIIF, the market cap is just too large to be able to take control (unless they borrow more).
Let's see if they annc anything on 13-Aug with the results.
Just throwing up possibilities..Don't throw rotten eggs at me...
<Not Vested>
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------