Both SMRT & MEGB will go on suspension mode next Monday and SMRT will hold a news conference for a crucial business activity's declaration.
Creador's Raphia proposed to bid for 32.9% of MEGB's stocks held by Siva Kumar last November. The existing 19.2% of MEGB stocks held by Creador's Raphia was transferred to Creador II 's Arenga Pinnata. If an additional 32.9% MEGB stocks were to be bought over by both Creador & SMRT , the total MEGB shares held by SMRT/Creador would sum up to 52.16%, which would exceed the 33% threshold for enforcement of 100% take over and resulted in delisting of MEGB. With regards to this, SMRT/Creador had earlier agreed upon for SMRT to hold not more that 23% of MEGB's shares for MEGB to be remained listed.
I hope above translation is as close as possible....
If you ask for my opinion, I would think cancellation of main board transfer application is a right move, but this move would create a -ve impact. It will depend on how smrt mitigate the situation in next Monday conference, as for me , I think this -ve impact creates a chances for to collect cheap for long term investor who has faith in the company....
If viruses, bacteria, toxic substances..... are mixed into the air " oxygen ", not just stomach problem.... ppl will get " sick ". Sincerely hope minds with evil intention do not disguise as "oxygen" in the air and affecting innocent folks out there ..... ; )
CIMB ANALYSIS HAVE TAKEN RETAIL INVESTORS TO HOLLAND
(1) OH MY ENGLISH .... "SMRT is trading at only 9-11x FY16. P/E. Assuming SMRT’s FY16 net profit to be around RM21m to RM27.5m (without Pro ELT and with Pro ELT) and pegging the value of the stock at 16x FY16 P/E (in line with the education sector), it could trade up to RM1.04-1.38, giving investors 40-86% upside. Potential re-rating catalysts are its transfer from the ACE market to the Main Board and award of the Pro ELT contract" ......... 30 Oct 2014 https://brokingrfs.cimb.com/gxzJUBTgOQBByQJoHSRZVvRi0i56SnpGERnwDti8ff3mMIeGAWZxoHTk2Aok84HR3AetXKIPrmRWNg2.pdf
I also no idea, some said good news but some said bad. I also feel not so confident. There will be a press conference on Monday and Tuesday only start trading. My t3 is on Tuesday, so if drop like hell then no choice will pick up since I believe SMRT is a potential company.
Of course is good, as expected because of private placement and acquisition of megb, the main market transfer have to be delayed, good news for smrt and megb shareholders
But bro Alpha Trader, why they offer 60c when market price is 71c for MEGB. That means tomorrow MEGB will fall to around ~60c correct (correct me if i am wrong).
How is that a good thing for either SMRT or MEGB..?
Esl bro, chills! Don't get too nervious. Just enjoy the ride tmr bro. For all smrt holders, enjoy the ride tmr. Opening probably will gap up 5%, to 1.10 is not too far from my expectations. Somehow megb holders don't be too sad, even smrt bought their shares at 0.60c doesn't mean it won't follow smrt to go up. However if you would like to switch your fund to smrt by tmr is not too late yet. Anything below 0.70 will be a strong recommended good buy!
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Tornado
1,938 posts
Posted by Tornado > 2015-01-10 23:47 | Report Abuse
In a nutshell , nanyang is saying that:-
Both SMRT & MEGB will go on suspension mode next Monday and SMRT will hold a news conference for a crucial business activity's declaration.
Creador's Raphia proposed to bid for 32.9% of MEGB's stocks held by Siva Kumar last November. The existing 19.2% of MEGB stocks held by Creador's Raphia was transferred to Creador II 's Arenga Pinnata. If an additional 32.9% MEGB stocks were to be bought over by both Creador & SMRT , the total MEGB shares held by SMRT/Creador would sum up to 52.16%, which would exceed the 33% threshold for enforcement of 100% take over and resulted in delisting of MEGB.
With regards to this, SMRT/Creador had earlier agreed upon for SMRT to hold not more that 23% of MEGB's shares for MEGB to be remained listed.
I hope above translation is as close as possible....