Dbhd once move hard to catch. The MGO throws in an uncertainty. Chances of keeping it listed is v high. Otherwise, wud have follow through news aladi and not the same repeat.
hi, i am newbee here. .. i receive the uncondition take-over offer letter of RM0.50 per share, do i need to do any thing if i do not want to accept the offer. Obviously this is not a good offer as compare to the current market price.
Sang-jero should really change name to Sang-Jumbo,
Don't simply close your eyes and buy below RM1.50.
D Bhd has NTA of only about 40 Cts. Last quarter made a loss. And unconditional take over offer is only 50 cts.
Years ago another far better Johor Company Called Pelangi Berhad took my shares private around 77 cts only. So tell people to "close your eyes blindly and buy"?
Calvintaneng.....thanks for your advise.......DBHD is a different story.......I will wait,,,,,I have make many rounds from this counter after thorough analysis.....uptrend or down trend....Long or short......Last Quarter minimal losses is not a concern......Study the cashflow & Assets in hand........
On the current date Damansara realty Position is Neutral - Flat based on Medium Term analysis and is Long - Strong Buy based on Long Term. Asset "Volatility Risk" is Medium - High and "Liquidity Risk" is Medium.
Analyse the cashflow, asset and liablities of this company if you wish to invest in Dbhd...plus TA......Use your judgement...stay away should you think that Dbhd got no future and is not able to grow...
The MGO is just a formality and no ordinary human being will accept the offer which is RM0.88 lower than market price...Once the MGO is over, the new management will proceed with their plan and you may see some corporate exercise to happen...the modus operandi will be quite similar to Ecoworld.So, if u believe the new management will add value to the co, just buy and hold...or else just sell it off...
You may check with your remisier for more details about MGO as I am not expect in this regards.So far, I see everything is going smooth with the recent cases such as Sunsuria(Maica) & Ecoworld (Focal Aim) where I see the new managements proceeded with their gameplans (rights issue, bonus, split etc and acquiring of new assets / biz)
JTI is latest example of takeover bid. Today's announcement appears to be game over.
If a major shareholder has 51% of a company total ordinary shares MGO is triggered. As long as major shareholder or it's agent has not acquired 90% of a company total shares the MGO is unconditional. This means those who has cornered the remaining shares need not sell at the offered price but wait for a revised offer. Until such a time the Offeror acquires more than 90% than the Regulator will suspend trading of the company. Then comes the takeover offer. Another extended story ...
Focuz, JTI is a different case as this is a privatisation case where the Offeror doesn't intend to maintain the lisitng status of the company. As for Dbhd, it will be similar to Sunsuria and Ecoworld where the Offeror intend to maintain the listing status.
When the MGO is over by 05 June, you will see Seaview's gameplan.Again,if you believe Seaview can add value to Dbhd then buy and keep, or else just sell it off.Period.
Bonus.....Tecnically...Damansara Bhd is still oversold....Higly likely already at the bottom or almost at the bottom........Personally I like this stock.............
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....
wt222
1,228 posts
Posted by wt222 > 2014-05-22 14:45 | Report Abuse
I think almost bottom.....Look forward to a better June month ahead