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I presume since he bought at highest maybe 24.5 cents? It means kind of like set a bottom price for offer, if any? I actually thought he would try to wait for price to drop after no dividends again this year and then make a lousy offer at 25 cents. Seems I am totally wrong...
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This 24.5 cents is the minimum price only IF the VOLUNTARY offer comes in within 3 months from yesterday. For VGO, reference price is highest price for the 3 months period.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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If 3 months, then that will be like just before the 1H14 results where lots of profit would be announced. Guess we'll have to see if ST keeps buying... quite hard also since illiquid.
Maybe its because minority shareholders kept up such a strong resistance at the AGM. Fed up with us, hehe.
There's 666 shareholders holding 10 lots to 1000 lots, wonder how many r die hard dun sell.
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Well thanks to an activist shareholder, minorities were a much more coordinated than in previous agms and came prepared with a barrage of questions and counters (4+ hours leh). Probably could feel that we r die hard won't sell minorities...
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Also, this was the first time actually felt got chance that the new ID would look after minorities and help to keep management in check. He was well prepared and seemed to be knowledgeable about company stuff and rules. Bothered to explain to us and seemed sincere. Not a pushover either.