(29-01-2016, 09:50 AM)desmondxyz Wrote: http://infopub.sgx.com/FileOpen/HTL_2016...eID=387657
What now? The proposed acquisition is a bluff??
HTL plunged.... Congrat to those who sold at 80+
I do not think that the whole thing is a bluff...... if thats the case the share px would hv gone down to $0.4 (before the announcement in Nov 2015). However, the px seems to be well supported at ard $0.6.
I have reproduced a portion of the announcement. Take note of the items highlighted in bold:
The Board of Directors has noted the contents of the Announcement and wishes to reiterate to investors that the Company is not a party to the Proposed Acquisition, and
no approach, whether formal or informal has been made to the Board of Directors in connection with the Proposed Acquisition. Accordingly, the
Company was not consulted and has no prior knowledge of the contents of the announcements released by Yihua on SSE (“SSE Announcements”), nor is it likely to be consulted or receive prior notification in relation to future SSE Announcements.
These first item is consistent with what they have mentioned all along:
- there is no offer yet. buy at your own risk.
The second item is just ordinary, nothing surprising:
- the board will not be consulted before Yihua post any announcement on SSE. there is no obligation on Yihua to do that.
To summarise the risks:
- Maybe no offer
- Maybe the offer px will not be $1.
There are no good stocks. Stocks are only good when they go up after you bought them.