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The Battle for Investment Survival
{Markets values are fixed only in part by balance sheets and income statements; much more by the hopes and fears of humanity; by greed, ambition, acts of God, invention, financial stress and strain, weather, discovery, fashion, and numberless other causes impossible to be listed without omission.}
Another words, anything can happen to a company. Even the "TooMuchSick" or "The I C" stable of companies in Singapore.
If i am not mistakened some "Big shot" in SPH had been charged for "corruption" in the past. And it was in the public news.
Only the corruption was only a very small dent to SPH.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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Offeree circular will be released within 2 weeks of dispatch of offer documents, which is latest by the 4th of October 2013 (next Friday).
If anybody is still holding on to this counter, I think it is still better to wait for the release before making any decision.
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01-10-2013, 10:18 AM
(This post was last modified: 01-10-2013, 10:19 AM by Wildreamz.)
Correction: Offeree Circular will be released earliest on 4th October (this Friday) and latest by 11th October (next Friday).
Most likely this Friday after trading hours since the offer will end by 18th October, it is only fair to give more time to shareholders for consideration.
Indofood now owns 63.57% of outstanding shares.
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It is indeed interesting (and surprising too) how close they got. Previous estimates bought up in this thread were in the range of 60-70% (including myself).
With Management holding 6.64% of shares and assuming that they intend to hold it, rendering this bunch of shares relatively illiquid as well, this effectively means only 100-89.03-6.64 = 4.33% of shares are now considered liquid. This 4.33% represents about 30-40mil of free float market cap. From a highly liquid+free float situation, CMZ now becomes a pretty low free float listed entity. It will be interesting to see how things pan out in the future.
disclosure: did not tender out my relatively small portion of CMZ shares
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Looking at how SEHK-listed First Pacific underlying businesses tend to pay cash-flow upstream to holding companies in the form of distributions, maybe we can see China Minzhong paying a reasonable dividend going forward ?
(Not Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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19-10-2013, 01:45 PM
(This post was last modified: 19-10-2013, 01:52 PM by opmi.)
If mgt is considered one block of 6.64%, then public free float already below 10%.
Wait 6 months to see if there is another offer.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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