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2013-08-09 16:21 | Report Abuse
mathematically, there is no arbitrate gain. Any gain should come from share price movements after ex. of course, the bet is here that the share price will inch up after ex or the ICULS will trade at a premium to the share price after considering the conversion value.
2013-07-04 23:11 | Report Abuse
suka suka proposed something and then suka suka cancelled it...(both also so call "in the best interest" of the shareholders. How about the expenses? don't think it's going to be cheap for all the advisers' fees..sounds ridiculous...
2013-07-04 23:08 | Report Abuse
the directors of Goldis are shooting on themselves...
2013-05-30 12:24 | Report Abuse
already activated....but heading south....
2013-05-21 11:05 | Report Abuse
Yes, if the major shareholders are so keen to buy the 30% IGB stake, they can always participate to bid for that block of shares...
The major shareholders always like to mislead MI. Yesterday, The Edge article looks like they (the major shareholders) are the "GENEROUS GUY" to reward MI which in fact, it's a way to rob the wealth from MI...
2013-05-20 17:45 | Report Abuse
Just another creative structure from the banker to screw up MI Goldis shareholders for the benefits of Goldis major shareholder. The fairest way to do it is to carry out an open tender to sell the 30% stake in IGB and then the cash proceeds to be distributed to shareholders...
2013-05-20 17:43 | Report Abuse
another "buaya" bullying godis MI here. should this be lodged to MI watchdog? to fight for MI best interest?
2013-05-20 17:42 | Report Abuse
Put it in another way, should the 30% IGB shares held by goldis be open up for tender? in order to fetch the best value for MI? this current structure is another to screw up MI of Goldis or rather indirectly to force MI of Goldis to sell IGB share at rm2.34 to goldis major shareholder...
2013-05-20 17:40 | Report Abuse
actually the goldis deal is not fair to MI like us cuz the major shareholders buying IGB shares at 2.34 per share which is way below the fair value of IGB. Although SP share is being offered as option but who will want to own the unlisted shares? like it or not, as a MI, we will just opt for cash value. with this, the Goldis major shareholder will then buy up MI IGB shares at a cheap price of RM2.34 per share.
Stock: [SONA]: SONA PETROLEUM BHD
2013-10-01 18:20 | Report Abuse
SPAC88, could you share the research report from OSK/DMG on the target price of SGD1.47 for RH PetroGas?