Great Eastern Holding

[greengiraffe]

Red Lion roared past $15.50 with little resistance encountered. The previous sell order in excess of 200k is no longer there with only 69k done at 15.50 today.

It appears that Marathon's closing down sale may well be over and a stronger hands may well be holding GE shares now.

Given that OCBC controls slightly over 87% stake and Marathon was previously rumoured to hold around 3% stake plus some die-hard never sell shareholders, the strong hands that accumulated the rumoured Marathon stake would certainly be a force to reckon with.

More importantly, how can value for GE to unlock given that it is trading well below its embedded book value between S$17 - S$18 and certainly well below OCBC's previous attempts to privatise it around 1.5 times embedded book value.

Today is also officially the day Jeremy Hosking retires from marathon asset management...

below is an except from one of vanguard's funds recent prospectus
http://www.vanguard.com/pub/Pdf/sp129.pdf

Important Change to Vanguard Global Equity Fund
Marathon Asset Management LLP (Marathon-London) has announced the retirement of Jeremy J. Hosking effective December 11, 2012. Mr. Hosking is a co-manager of the Marathon-London portion of Vanguard Global Equity Fund. William J. Arah and Neil M. Ostrer, who serve as co-managers with Mr. Hosking, will remain as co-managers of the Marathon-London portion of the Fund upon Mr. Hosking’s retirement.

Ha so the stronger admirer of GE is celebrating the retirement of Hosking by buying up the less stubborn sellers post Marathon's rumoured liquidiation...

[cfa]

Will his retirement cause any impact on Guoco Leisure ?

[greengiraffe]

If you have noticed, the last bit of relentless selling in Guoco Leisure ended during the last spike down to 56.5 - 57.

Since then Guoco Leisure rebounded on low volume until the pending privatisation of Guoco Group lifted interests in Guoco Leisure since 4 Dec 12.

We can only guess but seems right so far.

Will his retirement cause any impact on Guoco Leisure ?

[cfa]

If you have noticed, the last bit of relentless selling in Guoco Leisure ended during the last spike down to 56.5 - 57.

Since then Guoco Leisure rebounded on low volume until the pending privatisation of Guoco Group lifted interests in Guoco Leisure since 4 Dec 12.

We can only guess but seems right so far.

Will his retirement cause any impact on Guoco Leisure ?

Hi GG , Agree totally.

[kbl]

Full year results on Friday, 8 February 2013, before the trading market opens.


http://info.sgx.com/webcorannc.nsf/Annou...endocument

[kbl]

Full year results on Friday, 8 February 2013, before the trading market opens.


http://info.sgx.com/webcorannc.nsf/Annou...endocument

What will be the opening px on 08-02-2013?

[greengiraffe]

GE share price has been doing well - presumably Marathon's retiring fund manager's selling has been well absorbed by investors.

As holders we can only hope that GE will not disappoint with special dividends after its once in a life time sale of F&N and APB.

Perhaps the better question to ask: When is OCBC going to have another privatisation attempt on GE and what is the price they are willing to entice the remaining iron-will minorities.

Opening price on 8 Feb will not be one that will answer the above all important question.

[kbl]

Hi GG,

as minorities..we can only sit tight, pray & hope.

GE share price has been doing well - presumably Marathon's retiring fund manager's selling has been well absorbed by investors.

As holders we can only hope that GE will not disappoint with special dividends after its once in a life time sale of F&N and APB.

Perhaps the better question to ask: When is OCBC going to have another privatisation attempt on GE and what is the price they are willing to entice the remaining iron-will minorities.

Opening price on 8 Feb will not be one that will answer the above all important question.

[kbl]

24-01-13 rubber stamp 16.73

2wks more to 2012 full yr results

vested

Not A Call To Buy or Sell

[toiletsiao]

24-01-13 rubber stamp 16.73

2wks more to 2012 full yr results

vested

Not A Call To Buy or Sell

yup... vested and waiting too