@Calvintaneng, are you same church with him? If yes, ask him don't be so stingy lah.... $$$ cannot be brought down with you. Do more charity, some more we are your long term investors and supported you for so long. :)
Quarterly report tomorrow. Time to up the offer price and race to 50%+ for Datuk. Make a good offer and there will be many sellers. Hope long term holding investors get a Merdaka!! Gift.
Tony is not allowed to revise upwards the offer price anymore and if MGO fails he cannot make buy above 0.66 for 12 months from expiry of the failed MGO. So, it is in the interest of minorities that Tony is successful in obtaining slightly above 50%. Otherwise Tony cannot support the price anymore for the next 12 months. If MGO is successful Tony can buy at whatever price after 6 months. If a person exceeds 50% there is no more restriction in price he can pay after 6 months.
Contarian, so you mean if the MGO fails, the price will most probably go down below 0.66, if MGO success, it will go up above 0.66... then why are so many still holdings it ? knowing that the price will crash if MGO fail..
If MGO fails, price can go either way. Tony can still use secret proxies to buy at higher price or price will drop in a panic first. Stockmarket is hard to predict in current bearish situation. From now until expiry date of MGO, Tony's objective is to acquire as much as possible at a price no higher than 66 sen.
RULE 21: Restrictions Following Offers and Possible Offers 21.01 Delay before subsequent offer Unless otherwise approved by SC, the offeror and all persons acting in concert with the offeror shall not, within 12 months from the date of the announcement that a take-over offer has been withdrawn, has lapsed or failed- a. Announce a take-over or possible take-offer offer for the offeree; or b. acquired any voting shares or voting rights of the offeree if the offeror would thereby become obliged to make a mandatory offer;
21.02 Six months delay before acquisition over offer price Unless otherwise approved by the SC, if an offeror and any person acting in concert with the offeror, holds more than 50 per cent of the voting shares or voting rights of an offeree, neither the offeror nor any person acting in concert shall make a second offer to, or acquire any voting shares or voting rights in the offeree, on more favourable terms than the previous take-over offer within six months after the close of the take-over offer
Note: The different on 21.01 and 21.02: 21.01 If offer failed and Datuk Tiah holding between 33-50% then within 1 year he cannot acquired from open market that will trigger another MGO (2% within any rolling 6 months. No restriction on acquire price.) Whereas 21.02 Clearly state if offer success and Datuk Tiah hold 50%-75% he cannot acquire any voting shares or voting rights in the offeree, on more favourable terms than the previous take-over offer within six months after the close of the take-over offer.
Dear all, Datuk Tiah is in the market to mop up all the willing seller share at 66 cents Wait for tomorrow bursa disclosure how many millions share he bought. Thank you
For a general offer, the authority shld requires the assets of the company to be revalued so that it will be fair and transparent to all the shareholders (both substantial and minorities).
RVI123 For a general offer, the authority shld requires the assets of the company to be revalued so that it will be fair and transparent to all the shareholders (both substantial and minorities).
TOTALLY AGREED WITH YOU BUT HOW CAN WE THE MINORITIES PASS THIS MESSAGE TO THE NEW MALAYSIA GOVERNMENT......................
We view that the Offer is Not Fair in view that:
The Offer Price of RM0.66 is lower than and represents a significant discount of
RM1.93 to RM1.94 or 74.5% to 74.6% to the estimated fair value per Offer Share of
RM2.59 to RM2.60.
“Accordingly, the non-interested directors recommend the holders to reject the offer. However, the decision to be made would rest entirely on the individual risk appetite and specific requirements of the holders,” they said
If there is land it won't benefit the share holder when there is no development or disposal. If Tony doesn't give it to you there's nothing you can do about it.
Actual Market Value ≠ Book Value ≠ Estimated Value
U sold at 66 or 66.5 sen. You may regret and would unable to buy back unless pay higher price. Now the surged trading volume maybe trap and tipu !!!!...cronies activities suspected.
Its is indeed shocking to note that the Independent Advisor reported FAIR price to be in the range of RM2.50 to RM2.60.
The members of the TA Board of Directors must be seen as unethical and downright unprofessional not to have divulved this significantt piece of information in the TAE Annual report.
In fact their subsequent acquisition of TAE shares in large volume could perhaps be defined as Insider Trading which in some countries like Singapore is subject to huge fines and probably inclusive of a mandatory jail sentence.
Perhaps the New Government could give priority to cleaning up the Equities and Investment Sector since there is so much talk on FAIR, EQUITABLE and TRANSPARENT approach to governing Malaysia. .
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....
RVI123
660 posts
Posted by RVI123 > 2018-08-28 14:30 | Report Abuse
The offer price is ridiculous. Tony is paying peanuts. Pls don't sell. Tony wii increase the offer price if nobody is selling.