I know he secretly sold butaland for u bro contrarian......hahaha.now sell the green ones and buy the red ones rite? sell ta,ekson and tambun and buy butaland is it?
old dato buta yap believe in buy low sell high cos many years already we seen butaland up down up down many times already,so just follow the old man,when down buy when up only sell
Once he acquires 50%+ will trigger mgo for TAGB. Meanwhile he can continue to buy TA from open market up to 75% level without restrictions from Bursa and don't need to issue another mgo. Once 75% level is achieved will trigger free float minimum requirement, same as TAGB. Looks like this could be the plan. I believe this is gonna be quite a ride for the next year or two.
Looks like Datuk has fallen in love with TA & TAGB and wants to accumulate all. Sorry Datuk, I also love TA & TAGB, I will not sell at all. He! He! He!
Many people who invest in TAGB still lose money because they had bought it at a higher price. Actually, they have picked a right counter but the market price remains low as the market is unaware of this hidden gem. Tony knew very well about the company and had been slowly accumulated TAGB for the last 18 months until the minimum shareholders' spread reduces to below 25%. After that, he started to buy into TA until it crossed the 33% threshold and triggered the MGO. Please do not lelong your shareholdings and sell them away at such a cheap price. Tony wants your shares at a cheap and unfair price. Unless he increases the offer price to at least RM1.20, otherwise just don't sell to him.
Those who got the split from TA in 2009 were the ones who gained. Those who bought TAGB after listing have been through a very long disappointing time. The company needed time to grow. Now starting to look better but most investors are fed up. Free float not much with TA and Tiah family together owning 75%+ I believe now is the time to not let go. Dig in and hold tight and receive your reward after going through such a long frustrating time. Datuk should be willing to pay a fair price to all loyal investors who placed their hard earned money into this businesses. When he needed the funds to grow the company, retail investors were there to support him. Now is the time for him to show his appreciation. All the best.
@SINGH1, I THINK YOU RAE NOT SO CORRECT ON THE THIS........... Those who got the split from TA in 2009 were the ones who gained
I CHECKED BACK THAT THOSE WHO BOUGHT TA AT RM1 IN 2009 WERE ENTITLED OF TAGB SHARES FREE AT AT RATIO OF 6 TAGB FOR EVERY 5 TA. AT CURRENT MGO PRICE THOSE SHAREHOLDERS ARE ONLY GETTING 1.03 BACK AFTER 9 YEARS OF TRUSTING TONY TIAH.
WE CAN'T BLAME HIM AS THIS IS HOW MARKET WORKS BUT MORALLY IS IT CORRECT TO TAKE ALL THE MEATS HIMSELF .............?
TA has a total of 1.7 billion shares. To increase from 33% to 50% Tony Tiah need to buy around 290 million shares. For anyone with 290 million shares want to sell at 0.66?
TA IS ONLY GOING THROUGH STAGE ONE IN CONDITIONAL MGO.
WAIT PATIENTLY FOR THE ULTIMATE OFFER.
I THINK IT SHOULD BE AT LEAST RM1.50
ONE GOOD EXAMPLE IS THE PRIVATISATION OF KAF SEAGROATT.
IF I REMEMBER CORRECTLY ABOUT 10 YEARS AGO KAF WAS OFFERED CONDITIONAL MGO AT AROUND RM1.3O WHEN ITS NTA WAS ABOVE RM2.00 (ITS CASH POSITION THEN WAS ALSO ABOVE PRICE VALUE). EVERYONE THEN THOUGHT THE LADY BOSS OF KAF TO BE VERY STINGY.
FAST FORWARD TO YEAR 2015/6
KAF SEAGROATT WAS FINALLY TAKEN PRIVATE FOR RM2.70....MORE THAN DOUBLE THE PRICE FIRST OFFERED.
SO I THINK THE SAME WILL GO FOR TA ENTERPRIZE. JUST HOLD TILL YOU GET THE FULL VALUE.
AND WHILE WAITING WE CAN ENJOY GENEROUS YEARLY DIVIDENDS AS WELL.
@calvin, agree you. All just be patient and buy if opportunity arise. I managed to grab some at 0.65 and I would like to thank those sold their shares at that price recently. They don't believe it, I just patiently queue and grab them.
hopetobecorrect You are right, with TA at Rm1.00 there has been no gain. When the announcement was made in early 2009, TA was at about 60 sens. Those were the lucky investors. The price went up to RM1.00 within 2 months after that.
TheContrarian So, how to achieve 75%? Even 50% also not achievable.
Currently Datuk and pac members have 33%. He is allowed to accumulate up to 2% within 6 months without having to revise the offer price. It is possible he may breach current offer price after collecting the 2% and issuing new offer before the 46th day from day of first offer. Once he can convince investors to sell to him with a higher offer and achieves 50%+ , his conditional offer becomes successful. He can go on to purchase from open market after offer close by chasing after the stock even with the price going up. So if he is serious about the buyout, TA share price is likely to continue to rise after close of second offer. Once he achieves 75%, liquidity or minimum free float requirement rule comes in so he will need to make one final offer to round up from 75% to 100%. Interesting then will be the 75% to 90% level as once he reaches 90%+ he can convert offer to unconditional and also apply for delisting. Once delisted, any shares not sold to him, cannot be traded on Bursa. In my humble opinion (don't take this seriously, I have been wrong many times) Datuk would want the 60% stake TA has in TAGB. If he can round this up at bargain prices, his and family's stake will shoot up all the way to above 75%. It would be very lucrative for him to do that. Both stocks are way below true value, especially TA. Therefore his first target would be TA followed by TAGB. It would be much easier for him to buyout TAGB once he completes buyout of TA.
MGO offer of 66 sen is way too low, just wait until the independent adviser's recommend price. The daily traded volume is expected to reduce in the days ahead.
Tony is a con man, good friend of John Soh. Chee Wen now being remanded in Singapore for stock manipulation.........for information of newbies....refer to news of past scandals....
John Soh another conman also the past ? Now in Changi prison....waiting for trial on a bigger scandal. Tony spoke a lot about God even before the Omega scandal days.....A crook will find it hard to change his own character......
EPF should consider a volture takeover of TAE and offer RM1 per share. When it achieves majority shareholding it should get itself to be represented in the BOD of the TAE.
It should then take the decision to canabalise the assets of TAE. Or it can conduct a revaluation of the TAE assets.
There will be a huge increase in the NTA of TAE.
This will result in a win-win for TA minority shareholders and the contributors of EPF.
"I believe it might not be that difficult for Tiah’s MGO to meet the 50%+1 requirement that will make the offer unconditional,” a dealmaker told the weekly." Extracted from The Edge. What is an offer unconditional?? Calvin can assist?TQ
It is a sure win if a vulture investor make an reaonable offer at RM1.00. Most of the assets are land and hotels which are so easy to calculate their real values as compared to technologies or manufaturing stocks. This risk of vulture takeover is small.
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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....
apolloang
18,163 posts
Posted by apolloang > 2018-07-06 15:34 | Report Abuse
then tell datuk calvin sell all TA and switch to BUTALAND cos TA the limit up is only 66cts.....hehe