Don't sell your TA. The real values is RM2.60 (BDO) or RM3.01 (BlueRock) unless Tony offers a better price. Even though Tony does not revise his offer, the price of TA will move up when the market recovers in near future. Don't sell in the rock bottom of the market.
The independent advisor, BDO Capital Consultants Sdn Bhd, has advised investors to reject TTK's offer to buy up all TAE shares not already held by the offeror at 66 sen a share. Why should we let go our TAE shares at 66 sen a share when the independent advisor has estimated that each TAE share has a fair value of RM2.60?
Why worry about sept 12? Tony can revise the offer up to D+46, which should be Oct 5th. Once he knows not enough sellers to achieve 50+% he can offer new price according to his estimate. Maybe can offer $1.50/share. Many will sell for a much more reasonable price, including those who bought at high price a few years ago and still holding.
1. 12Sep - Declared achieve 50% - very worry 2. 5Oct - Declared achieve 50% without revise offer price - worry as well 3. 5Oct - Declared not achieve 50% & without revise offer price - Is Ok, we still can buy/sell in the market 4. 5Oct - Declared not achieve 50% & revise offer price - Happy but need to know the price first
Revised price to: Below RM0.90 - Not reasonable price again. RM0.90 to RM1.20 - No feeling but expected this should be a price range to attract more sellers. RM1.20 to RM2.00 - Not reasonable, but will consider to sell around 20% to 40% to diversify the portfolio. RM2.00 to RM2.50 - Still not reasonable, but will consider to sell and keep at least 20% balance of my portfolio. Above RM2.50 - Reasonable & accepted all the offer.
Anyone agree with me?
I would like to say that the outcome mostly fall on 3 & 4 only, i never mentioned "worry" on 3 & 4 at all.
In conclusion, i just worry 1 & 2 only but I realized some of them too worry and focus too much on 3. Please analyze the whole pictures.
Crash = suddenly drop 20% to 30%.
Will TA crash if scenario 3 happen? Apparently No. Why? Ask some supporters here, will they going to sell if TA drop 20% once MGO failed? I am the first one who 100% will not sell it below RM0.66. Besides, everyone know TA is valued at RM2.60 & dividend yield & good fundalmental to support. All above factors will continue to support TA share price.
Soon there will also be a MGO for tagb. Tony is already close to 40% shareholding in TA. His tagb stake is also getting close to 40% as well. Interesting right?
Jackkin, people here are very clever, they wont simply follow blindly. Besides, I am not so powerful can influence people as well. Please get yourself to understand the last date Datuk Tiah allow to revise the price before you continue to give false/incorrect information here. Thanks.
The MGO rules are complex and can be very confusing. When mgo was announced on July 02, D+21 was supposed to be on July 23, Tony got bursa to extend and change to sept 12, which gave him a lot more time to purchase on open market. So a mgo with complex rules became more complex with this extension given to him. If one does not follow the news very closely will become very puzzled with the length of time this whole process is taking. We bloggers give updates to fellow bloggers just to share information. Take it with grace, please don't criticize. This forum is for sharing and encouraging. If anyone is not sure about somethings, please ask for clarification. we have a lot of helpful people here who will be willing to provide information and clarification. We are not experts, but try to help. To the best of my knowledge, TONY CAN REVISE OFFER PRICE DURING D+46 WHOSE LAST DAY FALLS ON OCT 05. If this is not accurate, I will be very happy to hear from anyone who thinks otherwise. Thank you.
Singh,you are absolutely right. I3investor is indeed a very helpful platform to share and exchange views among investors. We should respect each other no matter how much disagree. Best regards
Soon there will also be a MGO for tagb. Tony is already close to 40% shareholding in TA. His tagb stake is also getting close to 40% as well. Interesting right?
@singh1 If he can't get TA will surely get TAGB as the assets r mostly under this counter. May be this is what he is looking for. Just my opinion.
We have been notified by our holding company, TAE on the following :-
That TAE had on 2 July 2018 received a notice (“Notice”) from the Offeror to acquire all the remaining ordinary shares in TAE (“TAE Shares”) which are not already owned by the Offeror and persons acting in concert with him (“TAE PACs”) for a cash consideration of RM0.66 per TAE Share (“Offer”). TAE received a Supplemental Notice from the Offeror today on the following : In the event the Offer becomes unconditional (i.e., the Offeror and TAE PACs holding in aggregate, together with such TAE Shares that are already acquired, held or entitled to be acquired or held by the Offeror and the TAE PACs, more than 50% of the voting shares in TAE), the Offeror will trigger an obligation to undertake a mandatory take-over offer for all the remaining ordinary shares in TA Global (“TAG Shares”) not already owned by TAE, the Offeror and persons acting in concert with the Offeror in TA Global (“TAG PACs”) for a cash offer price of RM0.3101 per TAG Share, being the volume weighted average price of TAG Shares for the last 20 market days prior to the date of the Notice. As at todate, the Offeror and the TAG PACs hold 816,267,920 TAG Shares, representing 15.34% of the TAG Shares in issue, while TAE holds 3,202,334,270 TAG Shares, representing 60.17% of the TAG Shares in issue.
For further details on the Offer, kindly refer to the Notice and Supplemental Notice announced by TAE on 2 July 2018 and 4 July 2018.
MGO failed, 90 million shares to be returned to those who had accepted the offer. These people can't sell the shares until the shares have been credited back to their CDS accounts. Now Tony can't do another MGO for at least 12 months from today.
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....
BenPg
212 posts
Posted by BenPg > 2018-09-04 06:01 | Report Abuse
Still alot of sellers at 0.665. Doubt price can move above 0.665.