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Don't know should I laugh or cry...
Zhongshan park Valuation $702 million. 50% stake = S$351 million
Beverly + Balmoral $223 million. 40% stake = $89.2 million
rest of the properties = $79.7 million
Debt = 24.5 million
NTA is around $1.50 per share.
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07-10-2013, 09:53 PM
(This post was last modified: 07-10-2013, 10:04 PM by opmi.)
KP to the press lor. if big concentrated position.
If just 1 of 100 stock portfolio, anything also can.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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07-10-2013, 09:55 PM
(This post was last modified: 07-10-2013, 09:55 PM by opmi.)
k1 offer was a pre-conditional offer. and it failed.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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just to clarify, after reading their offer letter, their only pre condition is that they must receive at least 90% of the shares before they agree to acquire the shares?
is there any other pre condition that i missed out? thanks
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well, 75cents will be the base for the share price for superbowl for now onwards
Don't think the minority shareholders will sell.
Any white knight/big time speculators to pump up the price tomorrow?
And should the offer fails, what will the company do next?
1)nothing
2) increase the offer price
3) mop up the remaining shares either by share buyback or/and own purchases
vested
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07-10-2013, 10:59 PM
(This post was last modified: 07-10-2013, 11:00 PM by opmi.)
White knights won't come coz no chance of taking control. HH pte ltd owns 71% already.
If minority shareholders do nothing and/or expects others to do something, chances that SB will be privatized.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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Huh, 50 to 90% min acceptance condition... can like that suka suka change one meh? SIC, like that acceptable?
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Likely to trade above offer price tomorrow....
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(07-10-2013, 11:00 PM)smallcaps Wrote: Huh, 50 to 90% min acceptance condition... can like that suka suka change one meh? SIC, like that acceptable?
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Been done before. E.g. Furama. Another hotel company privatized.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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