Neratel

[VestedInterest]

Looking at the past 3 years chart, it appears that it would go down once xD. Let's see if we can collect some below 40 cents...

Yes, will drop 4 cents near the opening, then move up or down by a further half a cent, can buy some more if one has a longer term horizon. Closing price would be between 40.5 to 41.5. Of course if DJ plunges tonight, then it should drop below 40 cents. The above is pure conjecture. Hoping that my prediction is wrong and that the counter closes higher.

[Liubei]

So ST Engg will put a full stop here....??? Not taking further action?

[KopiKat]

So ST Engg will put a full stop here....??? Not taking further action?

It'd appear so...
In the 1st place, I was wondering why they embarked on a Scheme Offer instead of immediately buying over Eltek's 50.05% stake and then doing a General Offer + mopping up shares in the open market. They'd have immdiately gotten majority control even if they don't succeed in privatising NeraTel.

Perhaps they didn't want to go thro' the hassle + it's either a 100% or nothing kind of offer. If that's so, then it'd appear that STEng may not have been very keen on NeraTel in the 1st place ie. ok to have but not of strategic importance to have it or another way to look at it - Take it or Leave it...

When I was doing my studies on NeraTel, one thing that struck me was that 4 faces had appeared on their IPO prospectus (1999) till now. These are,

Mr Ang Seong Kang Samuel - CEO

Directors
Mr Lau Ping Sum
Mr S Chandra Das
Mr Sitoh Yih Pin

For those who are familiar with Singapore political scene, the names of the 3 directors ought to look familiar.

My guess is, the offer by STEng may be to a large extent due to their political network of contacts. It may also explain STEng somewhat half-hearted (my perception) attempt.

In the meantime, what's happening next?

From Eltek Q212 presentations pg 20,

Eltek will take a more active role in the development of the
company, while considering its strategic options

I guess Eltek will continue to try to divest their stake in NeraTel as it no longer fits their strategic focus (on Power Electronics).

At the same time, on pg 21, there're facing some claims from Ceragon that appeared to have arisen from this failure to divest NeraTel. Not much info is available at the moment and I have no idea if it'll impact NeraTel as it's likely related to their agreements signed on Jan-11 (sell Nera Norway to Ceragon ; sell Nera brand + MENA rights to NeraTel).

In the meantime, NeraTel share price and volume seems to have gone into hibernation and will likely awake on new developments or closer to year end...

[WolfT]

There is a chance ST may offer again before next year june 2013 due to some potential projects in e pipeline...
Hearsay hearsay hor...
Btw i am vested again
Bought back last wk at 40cts.

[KopiKat]

There is a chance ST may offer again before next year june 2013 due to some potential projects in e pipeline...
Hearsay hearsay hor...
Btw i am vested again
Bought back last wk at 40cts.

Nice to have you back! We have a higher chance to learn more technical stuff from you again ...
My itchy fingers added some more at 40 and 40.5..

[freedom]

it is not strategic and costly for ST Engg to continue to maintain Neratel as a listed company (Vicom and Comfort in similar position?). So it is natural for ST Engg to either have it all or just leave it.

[WolfT]

There is a chance ST may offer again before next year june 2013 due to some potential projects in e pipeline...
Hearsay hearsay hor...
Btw i am vested again
Bought back last wk at 40cts.

Nice to have you back! We have a higher chance to learn more technical stuff from you again ...
My itchy fingers added some more at 40 and 40.5..

It only takes 900lots to be in e top 20shareholder, i presume u be on e list next yr?

[KopiKat]

There is a chance ST may offer again before next year june 2013 due to some potential projects in e pipeline...
Hearsay hearsay hor...
Btw i am vested again
Bought back last wk at 40cts.

Nice to have you back! We have a higher chance to learn more technical stuff from you again ...
My itchy fingers added some more at 40 and 40.5..

It only takes 900lots to be in e top 20shareholder, i presume u be on e list next yr?

Hey! That's lesser than the absolute amount of $$ required, compared to Popular Hldgs at current mkt prices! But, I'll have to put in a lot more work to understand the co. better, in order to sleep well.. Hmm....

PS. I think u see me too up, only a tiny fish lah...

[WolfT]

There is a chance ST may offer again before next year june 2013 due to some potential projects in e pipeline...
Hearsay hearsay hor...
Btw i am vested again
Bought back last wk at 40cts.

Nice to have you back! We have a higher chance to learn more technical stuff from you again ...
My itchy fingers added some more at 40 and 40.5..

It only takes 900lots to be in e top 20shareholder, i presume u be on e list next yr?

Hey! That's lesser than the absolute amount of $$ required, compared to Popular Hldgs at current mkt prices! But, I'll have to put in a lot more work to understand the co. better, in order to sleep well.. Hmm....

PS. I think u see me too up, only a tiny fish lah...

We are all tiny fish trying to hide from whale and shark.
900lots still less than 1%... but nice to have your own name in an annual report...Haha..

[KopiKat]

There is a chance ST may offer again before next year june 2013 due to some potential projects in e pipeline...
Hearsay hearsay hor...
Btw i am vested again
Bought back last wk at 40cts.

Nice to have you back! We have a higher chance to learn more technical stuff from you again ...
My itchy fingers added some more at 40 and 40.5..

It only takes 900lots to be in e top 20shareholder, i presume u be on e list next yr?

Hey! That's lesser than the absolute amount of $$ required, compared to Popular Hldgs at current mkt prices! But, I'll have to put in a lot more work to understand the co. better, in order to sleep well.. Hmm....

PS. I think u see me too up, only a tiny fish lah...

We are all tiny fish trying to hide from whale and shark.
900lots still less than 1%... but nice to have your own name in an annual report...Haha..

Perhaps we can ask them whether we can combine all our interest together and put it as ValueBuddies. Then we get the best of both worlds. No need to invest >$360k on one counter. Plus those who wish to see their names there can have a footnote under 'Deemed Interest' while the rest can perhaps have a choice to stay anonymous?