ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S. › ValueBuddies.com › Singapore Listed Companies › E - E v
Eastern Holdings

Eastern Holdings

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
brattzz Offline
Posting Freak
*****
Posts: 2,512
Threads: 24
Joined: Sep 2010
Reputation: 19
#441
22-09-2015, 09:45 PM
(22-09-2015, 08:01 PM)cyclone Wrote: Proposed voluntary delisting at 42.5 cents sgd per share. 41.7% premium to the last transacted price of 30 cents sgd.

waos! Big Grin

Is this official? Tongue

cannot find @ sgx leh!
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Find
Reply
ngcheeki Offline
Senior Member
****
Posts: 586
Threads: 7
Joined: Sep 2010
Reputation: 11
#442
22-09-2015, 10:14 PM
(22-09-2015, 09:45 PM)brattzz Wrote:
(22-09-2015, 08:01 PM)cyclone Wrote: Proposed voluntary delisting at 42.5 cents sgd per share. 41.7% premium to the last transacted price of 30 cents sgd.

waos! Big Grin

Is this official? Tongue

cannot find @ sgx leh!

Here is the sgx announcement

http://infopub.sgx.com/Apps?A=COW_CorpAn...isting.pdf
Find
Reply
brattzz Offline
Posting Freak
*****
Posts: 2,512
Threads: 24
Joined: Sep 2010
Reputation: 19
#443
22-09-2015, 10:22 PM
thank you sir! Big Grin

i am happy for holding onto this counter, long battle, great win and now finally a decent offer leh! Big Grin

What a ride! Tongue
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Find
Reply
pianist Offline
Posting Freak
*****
Posts: 2,808
Threads: 170
Joined: Sep 2010
Reputation: 1
#444
22-09-2015, 10:54 PM (This post was last modified: 22-09-2015, 10:57 PM by pianist.)
Santa claus really come early this Christmas... ho Ho ho?
Fully vested nil shares sold to-date
However I noticed there was a drastic drop in its share prices for sometime before the price consolidation... did the mgt take advantage of the depressed price to offer to delist it at a seemingly higher premium? Hmmm....
Anyway huat first ah.....
Find
Reply
dydx Offline
Posting Freak
*****
Posts: 2,966
Threads: 71
Joined: Sep 2010
Reputation: 52
#445
23-09-2015, 08:04 AM (This post was last modified: 24-09-2015, 08:28 AM by dydx.)
When compared to Stephen Tay's last GO at $0.18 made on 11Jun12 for each and all of the pre-2-into-1 consolidation (completed in Aug15) 'old' Eastern Holdings shares.....
http://infopub.sgx.com/FileOpen/44870442...ileID=3129
the latest GO at $0.425/share is 18% more.....
http://infopub.sgx.com/FileOpen/EHL-Join...eID=370527

But if we also include the last 2 dividends paid in 2014 amounting to a total and another $0.135/share on the pre-consolidation 'old' Eastern Holdings shares, minority shareholders would stand to receive another and a total of $0.1675/share - or 93% more! - since 2012 on top of the last GO price at only $0.18/share, for the additional 3-year 4 months wait. So in this case it has proven again that “Patience is golden”.

Celebration time for all those who still have Eastern Holdings shares, to pop a bottle of champagne, and dance with the following music video “Patience is golden” Big Grin .....
https://www.youtube.com/watch?v=TJevF_zvZ9c
Find
Reply
brattzz Offline
Posting Freak
*****
Posts: 2,512
Threads: 24
Joined: Sep 2010
Reputation: 19
#446
23-09-2015, 03:45 PM (This post was last modified: 23-09-2015, 03:47 PM by brattzz.)
all in all, 42.25+13.5 = 56cts value back

3x more than 18cts lowball offer!! ST is really@$!@#@!! Tongue

Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Find
Reply
PkNanas Offline
Member
***
Posts: 53
Threads: 0
Joined: Jul 2011
Reputation: 0
#447
23-09-2015, 04:10 PM
(23-09-2015, 03:45 PM)brattzz Wrote: all in all, 42.25+13.5 = 56cts value back

3x more than 18cts lowball offer!! ST is really@$!@#@!! Tongue

Big Grin

you did not factor share consolidation.
I think:

all in all, 42.25/2 + 13.5 = 34.625cts vs previous Offer of 18cts.
Find
Reply
pianist Offline
Posting Freak
*****
Posts: 2,808
Threads: 170
Joined: Sep 2010
Reputation: 1
#448
23-09-2015, 10:00 PM
If discounting that 13.5, is only a mere 3.175cent more pre_consolidation basis.
Find
Reply
brattzz Offline
Posting Freak
*****
Posts: 2,512
Threads: 24
Joined: Sep 2010
Reputation: 19
#449
23-09-2015, 10:36 PM
oh oppsss, too happy, missed out the 2:1 consolidation sir, Tongue

34.6 vs 18cts, decent 2x! Big Grin
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
Find
Reply
yawnyawn Offline
Member
***
Posts: 295
Threads: 3
Joined: Nov 2010
Reputation: 8
#450
03-12-2015, 09:26 AM
Any buddies still holding onto the shares like me?

Since the proposed delisting news was announced on 22 Sep, the company has managed to mop up another 2.5% of the total outstanding shares.

As of 02 Dec 2015, they own 86.5% of the company now.

The IFA was appointed on 01 Oct but they have taken so long to come out with the circular to advise minority shareholders! Huh Are they trying to stall for time so that impatient investors will give up and let go of their shares? In the previous GO, the GO and Circular was sent out after 2 weeks and 5 weeks respectively.

How long more do they want minority investors to wait! Angry
Find
Reply


Forum Jump:


Users browsing this thread: 5 Guest(s)