SMRT

[kichialo]

Smrt trading at 1.65 now, 3c below offer price
Does it mean confirm profits for people who buy at this price?
And why does it not trade at offer price?

Because as seen from the SOA, the vote outcome at the shareholders meeting is not a sure pass.

[specuvestor]

Looks like Temasek is not so enthusiastic, skipping the chicken dance altogether. It's all up to the minorities to decide if this "service" is acceptable

http://infopub.sgx.com/FileOpen/Announce...eID=413675

Security now last only 15 years

I think this deal is pretty watershed on the govt's thinking of what is a reasonable margin for transport business in an operator model. I'm not sure how the profit collar works in reality ie for example does a one year bonus for staff pushing OM to below 3.5% qualify? But of course on the structure side transport companies can improve the ROE through capital management but without sizable assets it will be limited.

I think it is a good deal for the public consumer. I think the operator model is a good compromise between capex spending for public / social infrastructure vs Singapore Inc mentality.

but... but...S$1.68 is low leh...considering the 1b stuck...

i REJECT the offer!

Offer $1.88 pls!

Brattzz though we suspect Temasek will do the standard chicken dance and up the price next week or so, whether $1.68 or $1.78 is good price already under this new framework, which if u read between my lines that it's a good deal for the public consumers

I suspect that without the deal u would be staring at $1.38 instead

[brattzz]

yaloh, ok lah, follow them go through the whole process,

[BlueKelah]

Is this possibly linked to the upcoming high speed rail thing? Maybe they are planning to have a wholly gov owned entity to run the HSR in the future, there should be massive growth and profits in that new line.

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[opmi]

Is this possibly linked to the upcoming high speed rail thing? Maybe they are planning to have a wholly gov owned entity to run the HSR in the future, there should be massive growth and profits in that new line.

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5% EBIT collar again?! All profit all cream away...hahah

[brattzz]

Is this possibly linked to the upcoming high speed rail thing? Maybe they are planning to have a wholly gov owned entity to run the HSR in the future, there should be massive growth and profits in that new line.

Sent from my MotoG3 using Tapatalk

yes! it makes sense but 2026, (maybe 2056? ) is really too far away to wait n see...  
so, cash in hand is better than waiting forever??...

new entity may also emerged smrt+comfortDeg+MayRail+Chinarail+Japrail..etc....

cash is KING!

[kichialo]

Is this possibly linked to the upcoming high speed rail thing? Maybe they are planning to have a wholly gov owned entity to run the HSR in the future, there should be massive growth and profits in that new line.

Sent from my MotoG3 using Tapatalk

I very highly doubt HSR can break even, let alone profitable.

[brattzz]

Is this possibly linked to the upcoming high speed rail thing? Maybe they are planning to have a wholly gov owned entity to run the HSR in the future, there should be massive growth and profits in that new line.

Sent from my MotoG3 using Tapatalk

I very highly doubt HSR can break even, let alone profitable.

all the more the entity must be privatised to hide the cost and increase the fares?

[CityFarmer]

IIRC, all analyst reports are saying Yes to the offer...

(not vested)
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Take Temasek’s SMRT offer, says OCBC
http://www.theedgemarkets.com.sg/sg/arti...-says-ocbc

[brattzz]

who dare to say no? temasek makes its move leh...