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(13-09-2012, 11:07 AM)Bibi Wrote: (13-09-2012, 10:07 AM)yeokiwi Wrote: (13-09-2012, 09:51 AM)Bibi Wrote: Gosh, current price at 0.137 compared to yesterday close 0.117. Up another hefty 17%.
http://info.sgx.com/webcoranncatth.nsf/V...7007F7A31/$file/GBA-120913-HoldingAnnouncement-Final.pdf?openelement
Possible buyout offer. They probably will offer a low price. Anyway, they are only 4% away.
Those who got it on the cheap, it is a good gain. But, for those that have followed through the thicks and thins with the company throughout the years, they are screwed to the max. You are fast. Thanks for the info. Yes, those who follow thru the company since IPO are screwed very hard. Even those who bought since year 2006/7 are also screwed if the buyout offer is low. This reinforce the view that Tuan Sing management is not for minority shareholders. Company turned around and started making reasonable profits, they tried to delist it. Lets see how much is the buyout price and i do agree with yeokiwi it wont be high.
Current price 0.147 now. At that price PB is 0.96 and PE is 3.18 assuming final year net profit is US$35 mil which is conservative imo.
May i ask, once the SGX announcement is made, can the offerer make purchase from the exchange direct?
As i am typing this, price is now 0.152. Gosh.
What are you talking about? There is no mention that Tuan Sing is the one making the offer. It could be an unrelated 3rd party. 
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Tuan Sing has announce it is not the one making the offer. Judging from Gultech price of a mere 0.15, the public seems to be guessing the 3rd party is Nuri Holdings which is mostly held by Liem family. Ka Ki Lang.
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(13-09-2012, 01:44 PM)Bibi Wrote: Tuan Sing has announce it is not the one making the offer. Judging from Gultech price of a mere 0.15, the public seems to be guessing the 3rd party is Nuri Holdings which is mostly held by Liem family. Ka Ki Lang.
Nuri wouldnt mind overpaying for Gultech either way since its a left to right pocket transaction. But hope they offer 20cents so they can show the world they are magnanimous people with a good heart 
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(13-09-2012, 02:52 PM)propertyinvestor Wrote: (13-09-2012, 01:44 PM)Bibi Wrote: Tuan Sing has announce it is not the one making the offer. Judging from Gultech price of a mere 0.15, the public seems to be guessing the 3rd party is Nuri Holdings which is mostly held by Liem family. Ka Ki Lang.
Nuri wouldnt mind overpaying for Gultech either way since its a left to right pocket transaction. But hope they offer 20cents so they can show the world they are magnanimous people with a good heart Bro, 20 cts pe is still less than 5 leh. If they want to be fair, offer 25 to 30cts. If they want to show they magnanimous pp, please offer 35 to 40 cts.
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(13-09-2012, 03:06 PM)Bibi Wrote: (13-09-2012, 02:52 PM)propertyinvestor Wrote: (13-09-2012, 01:44 PM)Bibi Wrote: Tuan Sing has announce it is not the one making the offer. Judging from Gultech price of a mere 0.15, the public seems to be guessing the 3rd party is Nuri Holdings which is mostly held by Liem family. Ka Ki Lang.
Nuri wouldnt mind overpaying for Gultech either way since its a left to right pocket transaction. But hope they offer 20cents so they can show the world they are magnanimous people with a good heart Bro, 20 cts pe is still less than 5 leh. If they want to be fair, offer 25 to 30cts. If they want to show they magnanimous pp, please offer 35 to 40 cts.
You should not complain since you have already made twice your original investment
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(13-09-2012, 03:11 PM)propertyinvestor Wrote: (13-09-2012, 03:06 PM)Bibi Wrote: (13-09-2012, 02:52 PM)propertyinvestor Wrote: (13-09-2012, 01:44 PM)Bibi Wrote: Tuan Sing has announce it is not the one making the offer. Judging from Gultech price of a mere 0.15, the public seems to be guessing the 3rd party is Nuri Holdings which is mostly held by Liem family. Ka Ki Lang.
Nuri wouldnt mind overpaying for Gultech either way since its a left to right pocket transaction. But hope they offer 20cents so they can show the world they are magnanimous people with a good heart Bro, 20 cts pe is still less than 5 leh. If they want to be fair, offer 25 to 30cts. If they want to show they magnanimous pp, please offer 35 to 40 cts. It represent only a puny 1.8% in my portfolio la. I didn't complain, I just saying if they want to be fair, offer price sh be at least 20 cts. If they wan to eat you, they can offer 10 cts.
You should not complain since you have already made twice your original investment
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Trading halt requested for tomo. I am eager to know who is the 3rd party and if its Nuri, how magnanimous they are.
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Why is Tuan Sing not halted from trading? WTF.
Looks like Gultech takeover offer price is 20c judging from the current buy bids on gultech!
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the Tuan Sing family is professional blood sucker...
Gul delists itself @0.162.
It was traded as high as 0.19.
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Quote:No Compulsory Acquisition. However, in view of the fact that the Exit Offer will not be extended to any Shares owned, controlled or agreed to be acquired by Nuri Pacific and Tuan Sing (who collectively hold approximately 86.29% of the issued Shares), the requisite 90% threshold as stated in paragraph 6.1 above will not be achieved (since they are neither related corporations (as defined in the Companies Act) nor nominees of the Offeror notwithstanding that they are Concert Parties). Accordingly, it will not be possible for the Offeror or the Shareholders to exercise their respective rights under Section 215 of the Companies Act. Nonetheless, it remains the Offeror’s intention for the Company to proceed with the Delisting, subject to the Shareholders’ approval. If the Company is delisted from the Official List of the SGX-ST, each Shareholder who holds Shares that are deposited with The Central Depository (Pte) Limited and does not accept the Exit Offer will be entitled to one share certificate representing his delisted Shares.
Take note for current shareholders.
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