AF Global (formerly: LCD Global Investments Ltd)

[propertyinvestor]

Marred by writeoffs... GO buyers really generous to bid for LCD

http://infopub.sgx.com/FileOpen/2014%203...eID=295600

I dont think you have a full understanding on the intrinsic value of the company.

THe shares are easily worth 40c a piece.

Quote
The date for handing over the units as per the sale and purchase agreement is 30 June 2014.

[greengiraffe]

http://infopub.sgx.com/FileOpen/eFORM3V2...eID=299583

Koh Wee Seng related to Fragrance Koh Wee Meng?

[investor2014]

http://infopub.sgx.com/FileOpen/eFORM3V2...eID=299583

Koh Wee Seng related to Fragrance Koh Wee Meng?

should be right?

koh wee seng from aspial/ lee hwa/world class land?

[investor2014]

http://infopub.sgx.com/FileOpen/eFORM3V2...eID=299583

Koh Wee Seng related to Fragrance Koh Wee Meng?

with a new substantial shareholder coming in, it has certainly helped to bring the share prices closer to the "full" value of the company.

HPL was another case whereby the controlling shareholders of the company saw good value at current prices and decided to launch a takeover.

[specuvestor]

HPL was another case whereby the controlling shareholders of the company saw good value at current prices and decided to launch a takeover.

Just an observation and food for thought: ever wondered why OBS didn't do the takeover at say $1-2 when HPL was trading there?

Value is usually the main underlying reason, but almost never the catalyst.

[investor2014]

HPL was another case whereby the controlling shareholders of the company saw good value at current prices and decided to launch a takeover.

Just an observation and food for thought: ever wondered why OBS didn't do the takeover at say $1-2 when HPL was trading there?

Value is usually the main underlying reason, but almost never the catalyst.

you got a good point! i never thought of that.

wonder what the catalyst might be then?

[greengiraffe]

http://infopub.sgx.com/FileOpen/eFORM3V2...eID=300043

Aspial Koh very aggressively accumulating on mkt - main reason behind LCD's sterling performance.

[investor2014]

http://infopub.sgx.com/FileOpen/eFORM3V2...eID=300043

Aspial Koh very aggressively accumulating on mkt - main reason behind LCD's sterling performance.

yes. he has 10.78% now.

very aggressive buying from him.

his purchases today average around 23.8 cents.

of course he bought others cheaper in the earlier days.

[investor2014]

PUBLISHED JUNE 03, 2014
LETTER TO THE EDITOR
Review rules on takeovers and privatisations
PRINT |EMAIL THIS ARTICLE
MICHAEL Dee has written two very good analyses on the recent takeover offer for CapitaMalls Asia (CMA) by Capitaland (CL): "CMA shareholders should stand their ground against 'fair offer'" in BT of April 22 and "Offer for CMA is still undervalued" in BT of May 29. All his points are very pertinent and can be equally applied to other recent takeover attempts, including that of LCD Global Investments (LCD) by RDL Investments (RDL).
It is the minorities who are greatly impacted by all these takeover attempts, and they have to protect their own interests. They have to let their voices be heard and not leave it to others to speak up for their rights. They should be wary of the advice of the "independent directors" who invariably follow the advice of the "independent financial advisors" (IFA), the independence of which may need to be questioned.
The Securities Investors Association (Singapore) (SIAS), being the watchdog for retail investors, should fight for a higher offer price for them. It should maintain a neutral stand and not advise retail investors to either accept or reject a takeover offer. Besides, SIAS does not hold a financial advisor licence, and is in no position to offer financial advice.
The same "conflict of interest" issue cited by Mr Dee in CL's takeover for CMA also resurfaces in RDL's takeover of LCD, as the two major shareholders of RDL are also majority shareholders of LCD. This is also manifested in other recent takeover attempts of other listed companies

[investor2014]

IFA report put the NAV at 27.2 cents.

now its trading at 27 cents.