Posted by jackfruit > 2018-08-22 18:33 | Report Abuse

You think TT want to share with shareholders. He is a crook and like to screw shareholders.

Posted by calvintaneng > 2018-08-22 19:39 | Report Abuse

Datuk Tony is ok. He has done nothing wrong.

Datuk Tony offers was triggered by the 33% threshold. He has to make this MGO as a formality as he knows that many will not let go at such a low price of 66 sen

Same thing happened last time in KAF when the Lady Boss offered Rm1.30 to take it private. Later, much later KAF Seagroat was taken private at more than Rm2.60 (double the original MGO price)

For TA or any other Companies with High Value Net Assets still at Old Book Value there is a need for SC & Bursa to make it compulsory for BOD to do a throughout REVALUATION OF ASSETS Before Privatisation is allowed.

This will be FAIR TO ALL MINORITY SHAREHOLDERS

Posted by TheContrarian > 2018-08-22 20:20 | Report Abuse

Tony will mop up as much as possible cheaply at a price no higher than 66 sen, then only years later will he up his offer unless he dies before then.

Posted by enid888 > 2018-08-22 20:42 | Report Abuse

TT as the major shareholder will surely want to pay the least possible for the shares not owned by him. It is free market, we as the minorities have the rights not to sell if the offer is too low. Unless he raises his offer price, I think not many will sell something worth RM3.01 at the price of RM0.66 a share.

Posted by enid888 > 2018-08-22 20:50 | Report Abuse

@Calvintaneng and TheContranian, your idea that TT may engage a series of two or more MGOs to achieve his plan, that is possible but the process will take at least one or few years longer.

Posted by TheContrarian > 2018-08-22 21:36 | Report Abuse

That's what I said ...... years later.

Posted by TheContrarian > 2018-08-22 21:38 | Report Abuse

Calvin should have switched all his TA to Eksons and make 25% in the process.

Posted by RVI123 > 2018-08-23 10:40 | Report Abuse

TA real value is so high. TT is paying peanuts to get a gem. There is no way for him to get my TA.

Posted by RVI123 > 2018-08-23 12:07 | Report Abuse

I think something is wrong with Bursa. Why don't they require all the property counters to revalue their investment properties so that all the investors can know the real value of the shares? Why let them hide the real values? Stupid Bursa

Posted by RVI123 > 2018-08-23 12:08 | Report Abuse

May be we can sue Bursa for our losses.

Posted by enid888 > 2018-08-26 18:10 | Report Abuse

Tony could hv taken 45 years to make the first RM1bil. However, if he is successful in buying all the TA shares, he is going to make the next RM4.4bil in two months time. He is going to become 4.4 times richer. He could suddenly become top 5 richest men in Malaysia. You see how lucrative and tempting the MGO to him?

Posted by enid888 > 2018-08-27 18:13 | Report Abuse

Another general offer today

Daiman

Major shareholder offers to buy at RM3.00 a share. Last trading price RM2.17 per share.
It is 38.2% higher than the last trading price. The Daiman management is more fair and reasonable as compared to Tony.

Posted by enid888 > 2018-08-27 18:21 | Report Abuse

That is the reason I said, property counters are too cheap, selling at "lelong" price. The management knows the real worth very well. They just need to offer may be 20% to 35% of the actual price for your shares.

For TA, it is even worse. Tony offers RM660k for your bungalow that worth RM3million.

Posted by RosAng > 2018-08-27 20:55 | Report Abuse

If we not sell shares to TT during tis period...and we still top up at RM0.66...wat will happen to our TA share if TT success take the MGO...

Posted by enid888 > 2018-08-28 00:43 | Report Abuse

If TT is able to get 90% of the shares, then the MGO become compulsory. All the remaining 10% shareholders will have to sell their shares to him at the offer price. However, if TT does not achieve 90%, the shareholders have the choice whether to sell to him or not.

Posted by enid888 > 2018-08-30 23:48 | Report Abuse

Tony may be using 40 years to make his first RM1bil. He just needs another two months to make his next RM4bil. So you can see how effective a general offer is for Tony to multiply his wealth by 5 times based on my calculations that RNAV = RM3.01 per share.

Posted by apolloang > 2018-08-30 23:49 | Report Abuse

apa Christian ini? pirate or pastor? hahaha

Posted by calvintaneng > 2018-08-31 00:07 | Report Abuse

Don't simply accuse Tony lah

It is just a formality since he already hit the 33% limit that triggered MGO

It is still a very very long way for Tony to reach 90% which is then compulsory.

Tell you all what you should do.

Don't sell to Tony. Just throw away the Offer letter. If you have extra cash not needed longer term you should even follow Tony & buy TA at 66 sen from open market

About 10 years ago Great Champion Master Sifu Dr Neoh Soon Kean recommended Harrisons to us at Rm1.30 being a High Net Asset Company of NTA over Rm3.00 and with good earnings

Then to our surprise the Harrisons' Boss from Indonesia made a conditional MGO offer for Harrison at Rm1.30

But there was one Investor called "Peter" from USA kept buying and buying Harrisons shares until it crossed 10% to block compulsory unconditional MGO

Harrisons share price finally crossed Rm3.00 and then Rm4.00 to reflect its real value finally. My Johor Sifu made lots and lots of monies from Harrisons

So if you will buy now and patiently wait I think compounded gain will eventually reward all when TA ENTERPRIZE Real Value finally emerge one fine day. Estimated to be Rm1.50 to Rm2.50 at the very least.

Posted by apolloang > 2018-08-31 00:11 | Report Abuse

harrisons is illiquid TA so many scripts cannot up so much

Posted by enid888 > 2018-08-31 00:14 | Report Abuse

A lot of minorities have faithfully invested their savings in the company for years, some since day one the company was listed. Off course, the main contribution is from Tony. However, the minorities also have contributed to the company although to a lesser extent.

Posted by enid888 > 2018-08-31 00:28 | Report Abuse

@Calvintaneng, I believe Tony is serious and want to buy as much TA as possible, even much more than 50%. He has purchased so much shares and increased his holdings from 33% to 38% from the open market just in a span of 6 weeks time. 5% incraese is a lot for such a short period.