thanks for the answer. In principle you are right... what I am trying to clarify to you is that bar all the evaluation how much E&O worth and whether it is by law that after 6 months, SIME do not need to comply to the MGO 2.30 price. I know that. BUT...when coming to jurisdicial review, it all boils down to is the acquisition done in a right way or not...the result is a YES OR NOT. IF YES, SIME will have to comply to the 2.30 MGO price for the rest of the minority. It is that simple.
Precisely, that is why we here do not want ppl to buy in base on FALSE Insider news.......note this is different fr rumors, with false insider news, the benefactor is the one creating this news.....if it doesn't happen, everyone dies except him.....see the diff with rumors
The last was 650 million shares changing hand when it was reported on Malaysia insider......did it benefit you ? The general public was the last to know the announcement was wrong but the one sending out the new has alredi benefited .....BIG....just count 650 million and if majority is done by the ONE
So now look closely if the 8 Nov is to hold true....look at the volume and price this 3 days.....the feel is there is volume but no confident buyer ....you can see fr the share price everyday up in the morning down in the evening.....
This is only 1 chance and FA won't hold the price for you. Take it fr Batman, the price for EO won't stay long if no further development......if it goes 159, 1.58....it will drop to 1.45
Those who have been long in this counter know this is the 5 to 6 time, Terry tham has been rumored wanting to sell his shares for years and it is happening down with his par down. Apart fr GO or NO GO Terry Tham is instrumental in ensuring the share price and confidence.....
I respect batman view. but I am strongly holding my 'believe' too. I am not asking people to follow me. Follow your instinct and feeling... things will come like a thieves in the night
diablo88: very confident on your analysis & views, salute. Got some questions to ask you, hope it is not too sensitive ?
1) looking at your postings, looks like you have some experience knowing how the corporate legal team works. Normally how long does a legal case like this conclude ? what will be the estimated time frame base on your historical references, if any ?
2) under what conditions that the legal suit by the minority shareholder vs SC become void ? - is it possible for the case to become void if the E&O move above 2.30 before the juridical review conclude ?
3) did you attend all the court proceedings for the current case by the minority shareholder vs SC ?
tommylou, do you believe me if I tell you sometime due to 'face' and ego, people will do stupid things. Things that you may not thought of and might apply in E&O :)
Sime rank 2nd after Maybank in the index related counter.
Whatever footsteps Sime is doing now will be used as the benchmark by other. Imagine if acquiring 30% of company shares by gaining control of the company without offering any MGO is the "correct steps". If other mid-cap & small-cap counters start to follow the footstep , what kind of image is Bursa or SC is trying to tell to the foreign investors?
"You all shall go away as we have lousy corporate governance here, go to Singapore, Thailand, Indonesia or Philipine , don't come to M'sia ?"
still in with small amount for speculation - i'm small fly only, won't any movement to price movement :)
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....
tommylou
1,918 posts
Posted by tommylou > 2012-11-05 10:13 | Report Abuse
I should say if it does increase despite some announcement you have got your answer!