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

TTJ Holdings

Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
smallcaps Offline
Senior Member
****
Posts: 820
Threads: 12
Joined: Jun 2012
Reputation: 7
#231
28-09-2015, 09:29 AM
Woah!!! Got 60mil volume already from married trades. Wonder if its a hostile delisting in the works...
Find
Reply
CityFarmer Offline
Moderator
*****
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation: 64
#232
28-09-2015, 09:47 AM
(28-09-2015, 09:29 AM)smallcaps Wrote: Woah!!! Got 60mil volume already from married trades. Wonder if its a hostile delisting in the works...

Yes, it is about 17% of the total issued shares. We should see related announcement soon.

(vested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Find
Reply
pianist Offline
Posting Freak
*****
Posts: 2,808
Threads: 170
Joined: Sep 2010
Reputation: 1
#233
28-09-2015, 10:44 AM
(28-09-2015, 09:47 AM)CityFarmer Wrote:
(28-09-2015, 09:29 AM)smallcaps Wrote: Woah!!! Got 60mil volume already from married trades. Wonder if its a hostile delisting in the works...

Yes, it is about 17% of the total issued shares. We should see related announcement soon.

(vested)

seems like 37-38 is a fair value?
fully vested and nil shares sold to-date since 18cents, averaged upwards 2x cents, and low 3x cents..
huat ah!
Find
Reply
brattzz Offline
Posting Freak
*****
Posts: 2,512
Threads: 24
Joined: Sep 2010
Reputation: 19
#234
28-09-2015, 07:12 PM
no news? Big Grin maybe its Tat Hong offloading TTJ, 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
smallcaps Offline
Senior Member
****
Posts: 820
Threads: 12
Joined: Jun 2012
Reputation: 7
#235
28-09-2015, 08:58 PM
I guess what's important is who is the buyer? If its a nearly substantial holder, then no free float liao...
Find
Reply
CityFarmer Offline
Moderator
*****
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation: 64
#236
28-09-2015, 09:50 PM
(28-09-2015, 08:58 PM)smallcaps Wrote: I guess what's important is who is the buyer? If its a nearly substantial holder, then no free float liao...

The shares are unlikely from the free-float, since it is a married deal.

A sell from the existing SSHs? I reckon it is very unlikely from Mr. Teo.

(vested)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
Find
Reply
smallcaps Offline
Senior Member
****
Posts: 820
Threads: 12
Joined: Jun 2012
Reputation: 7
#237
28-09-2015, 09:59 PM
Buyer is CEO:

http://infopub.sgx.com/FileOpen/_eFORM1V...eID=371065

He is now holding 294.9 mil shares, 84.38%
Find
Reply
dydx Offline
Posting Freak
*****
Posts: 2,966
Threads: 71
Joined: Sep 2010
Reputation: 52
#238
28-09-2015, 10:17 PM
With CEO Mr Teo Hock Chwee's purchase of 60.0m shares at $0.345/share in 2 separate off-market transactions today - likely from the Ng Family behind the Tat Hong Group - which has raised his total beneficial holding in TTJ to 84.38%, and his transfer of 120.0m shares from his CDP account to CIMB Bank.....
http://infopub.sgx.com/FileOpen/_eFORM1V...eID=371065
, it is almost certain that Mr Teo will soon have to make a GO to buy the remaining shares and privatise TTJ.

A relevant question : Why does Mr Teo wish to privatise TTJ?
Find
Reply
ksir Offline
Member
***
Posts: 488
Threads: 5
Joined: Jun 2013
Reputation: 23
#239
28-09-2015, 10:25 PM
Purchase price at S$0.345, interesting. Will we be able to find out the counterparty? From the amount, quite likely to be TH investment?
My views are your Gilbert & Sullivan's:
"The flowers that bloom in the spring, have nothing to do with the case".
Find
Reply
smallcaps Offline
Senior Member
****
Posts: 820
Threads: 12
Joined: Jun 2012
Reputation: 7
#240
28-09-2015, 10:35 PM
Seller of 54.723 mil shares is the other Chwee (THI):

http://infopub.sgx.com/FileOpen/_28%20Se...eID=371070
Find
Reply


Forum Jump:


Users browsing this thread: 17 Guest(s)