Posted by singh1 > 2018-09-12 21:07 | Report Abuse

Chang24 Yes, TAGB is indeed the main target. If Tony does not revise upwards the offer price for TA then TAGB mgo offer will be at 30 sen and another long wait while he keeps buying at low price from open market. Frustrating but minority investors can only watch this slow moving train and hope for something down the road. I will wait for however long it takes.

Posted by singh1 > 2018-09-12 21:11 | Report Abuse

I will urge all minority shareholders to not give up and sell at such a low price. Together we are big and strong. Hold tight and mati also don't let go. When we show courage, we will get support from our creator.

Posted by luckypunting > 2018-09-12 21:30 | Report Abuse

Tony has only 2 months plus to meet the Bursa deadline for TAGB public spread issues....

Posted by chkhooju > 2018-09-12 21:49 | Report Abuse

Tomorrow is D day how TA gonna move. Keep your fingers crossed.

Posted by TheContrarian > 2018-09-12 22:10 | Report Abuse

There's no such thing as Tony doing an MGO separately on TAGB as he already control 75%. The next step is to take TAGB private.

Posted by Jackkin > 2018-09-12 22:54 | Report Abuse

Singh, The contarian said Tony cannot do another MGO for at least 12 months from today... what do u think...

Posted by RVI123 > 2018-09-12 23:02 | Report Abuse

Can Tony buy TA shares at a price higher than 66sen after today?

Posted by calvintaneng > 2018-09-12 23:04 | Report Abuse

SO MANY STOCKS HAVE CRASHED THESE PAST FEW WEEKS AND YET TA STOOD FIRM

THAT ITSELF IS A BLESSING IN DISGUISE DUE TO TONY MGO

SO KEEP THE FAITH & HOLD TIGHT

TA NOW HAS STRONG SUPPORT

HIGH VALUE ASSETS

ABOVE ALL - NICE DIVIDENDS MORE THAN TWICE BANK FD RATE

SO JUST RIDE THE WAVE UP

Posted by apolloang > 2018-09-12 23:07 | Report Abuse

butaland also stood firm,until today......hehe

Posted by RVI123 > 2018-09-12 23:09 | Report Abuse

TT is really a veteran. You can not see what is his move until the last minute? Salute!

Posted by TheContrarian > 2018-09-12 23:20 | Report Abuse

Tony cannot buy higher than 66 sen for at least 12 months. However, controlling shareholders usually use unofficial proxies (friendly parties) to buy. Don't know how Tony will play it. He could still push up tomorrow (via friendly parties) or push down. He is allowed to sell if he wants to. At the close of the MGO this evening, there was acceptances of 90 million shares meaning these people wanted 66 sen for their shares. However, these shares will now be returned since it was a conditional MGO not an VGO. If it were an VGO then the shares would have been automatically accepted.

Posted by Sslee > 2018-09-12 23:58 | Report Abuse

Dear jackkin,
Datuk Tiah is forbib from trigger another MGO for one year period that mean he cannot buy from open market more than 2% in any rolling 6 months period. The price he ready to pay from open market has no restriction that mean he can buy above 66 cents. The rule only apply if he success 50% then within 6 months period he cannot offer any favorable term from his last offer.
Thank you.

Posted by RVI123 > 2018-09-12 23:58 | Report Abuse

TheContrarian, can those shareholders of the 90million shares sell their shareholdings in the open market tomorrow or they have to wait for the shares to be transferred back into their CDS accounts?

Posted by TheContrarian > 2018-09-13 00:18 | Report Abuse

If they sell tomorrow and the shares not credited back to their CDS accounts by T+3 then there will be penalty share buy-in of ten bids above the last done price. In IWCity's recent failed MGO I think it took about a week for the shares to be credited back. You can visit that forum to check on the comments.

Posted by TheContrarian > 2018-09-13 00:28 | Report Abuse

In the past six months Tony already acquired more than 2%. If he buys one more share in his name after the MGO has expired he would illegally trigger another MGO. After 6 months he may be allowed to buy up to 2% at any price but I am not sure on this.

Posted by singh1 > 2018-09-13 00:31 | Report Abuse

Jackkin The following announcement tells us of a pending mgo for tagb if Tony achieves 50%+ and the offer than goes from conditional to unconditional for TA Enterprise. With a successful mgo, tony would have triggered the mgo for tagb.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5845905


What we need to note is that Tony has been buying from the open market since the announcement. His tagb stake from 32%+ is now quite close to 40%. Therefore the mgo for tagb will be triggered even though he is not successful with the TA mgo.

As for TheContrarian claim that Tony has 75% stake in tagb is a miscalculation on his or her part.
The mistake is by adding TA's 60% stake in tagb and tony, alicia and joo kim stake of 15% to make a grand total of 75%.
Doing that is a mistake as TA's stake is not entirely Tony's stake in tagb, not until he buys over all TA shares and achieve 100%.

For now tony has close to 40% stake in TA and also close to 40% stake in tagb.

TAGB MGO IS JUST ABOUT TO HAPPEN. Hold on tight. Thanks for asking Jackkin. God bless you with knowledge and lots of wealth. Cheers!!!!

Posted by Chuah Seong Kok > 2018-09-13 00:41 | Report Abuse

12th Sept 2018, as at 5.00 p.m. (Malaysian time) on the Closing Date, the Offeror and PACs held (together with TAE Shares for which valid acceptances in respect of the Offer have been received and TAE Shares that are already acquired, held or entitled to be acquired or held by the Offeror) 44.30% of the total issued share capital of TAE. As such, the Acceptance Condition has not been fulfilled.

Accordingly, the Offeror shall return all the Offer Shares (which have been transferred into the Offeror’s Central Depository System account) to the respective holders who have accepted the Offer.

Posted by luckypunting > 2018-09-13 07:06 | Report Abuse

D day for TAGB is 28-Dec-2018. TT needs to do something ... another corp. exercise?

Posted by freddiehero > 2018-09-13 07:28 | Report Abuse

steady counter..

Posted by TheContrarian > 2018-09-13 08:35 | Report Abuse

Tony AND PERSONS IN CONCERT already own more than 75% in TAGB. You can't have a separate MGO in TAGB if already exceeded 50%. You can only have an VGO to take it private by offering to buy 90% and then compulsorily acquire the balance after the 90% achieved.

Posted by Sslee > 2018-09-13 08:43 | Report Abuse

Dear TheContrarian.
I refer:
https://www.sc.com.my/wp-content/uploads/eng/html/resources/guidelines/tom/171206/tom_rules_171206.pdf
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;

The 12 months delay subsequent offer is from the date of the announcement that a take-over failed- that is on 12th Sept 2018.

Dear all,
Datuk Tiah had succeed in overcome the first hurdle the 33% shareholding. He can now slowly accumulate not more than 2% in any rolling 6 months at whatever price he ready to pay in open market. Next AGM he will propose resolution on share buyback up to 10% max of pay-up capital to support the price.

In TAGB case: Currently TAE holds 60.17% and Datuk Tiah together with PAC hold 15.34% of TAGB share. Bursa had given another 6 months extension to TAGB until 28 DEC 2018 to comply with the public shareholding spread of min 25%.

So the solutions to address the shortfall in public shareholding spread are:
1. Datuk Tiah or TAE sell min. 0.51% (27.15 million) of TAGB share in open market.
2. Distribute 1.61% (85.6 millions) TAGB held by TAE to existing TAE shareholder in ratio 1 : 20
3. TAE take TAGB as 100% ownership subsidiaries by offering every 1 TAGB (value as RM 1.17 per share) share exchange for new issue of 0.45 TAE (value as RM 2.60 per share) share with Datuk Tiah and PAC committed to exchange their TAGB share for new issue TAE share. (Datuk Tiah can apply exemption from MGO TAE again (more than 2% TAE share in rolling 6 month): The offeror is issued new voting share as consideration for the sale or disposal of assets and/or interest by him.
4. Datuk Tiah taking TAGB private by offering RM??? for every TAGB share not own by Datuk Tiah, PAC and TAE. Is this case TAGB will be delisted and will become 60.17% TAE subsidiaries with the rest own by Datuk Tiah , PAC and other private shareholders.
5. Acquired new assets payment by new issue of TAGB share so that the enlarge TAGB share holding spread comply with the min 25% spread.

In conclusion: Datuk Tiah is a very patience and Savvy investor with his interest came first. Calvin Tan should meet Datuk Tiah and tutor him on joy of wealth sharing and divine grace.

Thank you.
PS: Datuk Tiah did share the wealth of TAE by adopted a dividend policy, which will pay the shareholders consistent yearly dividends ranging between 40% and 60% of the Group’s net realised profit (excluding TA Global Berhad Group’s Profit After Tax but including dividend receivable from TA Global Berhad for the same financial year) for that financial year.

Posted by calvintaneng > 2018-09-13 08:55 | Report Abuse

Very good news

Star paper reported that Tony has failed to privatise TA at 66 sen.

Most possible scenario now is TA share price will go up to cross Rm1.00 target

Last time Harrison Boss failed to take it private at Rm1.30. Harrison layer gone up 200% to reach Rm4.00

So for TA the longer we keep the higher only it can go up.

And along the way TA will be like Harrison with good yearly dividend supporting it all the way.

Why TA can give sustained dividends?

Answer:

The capex for building now over. Plus the Cash contribution from Hotel & Resort rental plus earnings from stock brokering can now be given out as regular dividends.

Posted by calvintaneng > 2018-09-13 08:58 | Report Abuse

After Harrison failed to privatise at Rm1.30 Harrison later gone up 200% to cross Rm3.90

HARRISON WAS AN UNDERVALUE STOCK THEN AT RM1.30 WITH NTA OVER RM3.00

SO TA IS ONLY 66.5 SEN WITH REVISED NTA OVER RM2.00

AT VERY MINIMUM VALUE IS SHOULD BE RM1.50 TO RM2.50 ( REFLECTING THE MGO FOR KAF SEAGROAT AND AFFIN HWANG)

Posted by calvintaneng > 2018-09-13 09:01 | Report Abuse

One more strong support is the dividend of TA

If next year dividend just maintained at 4.1 sen the yield is a nice 6.1% at current price. This is anytime better than Bank FD

So from all angles the risk and reward favours those who buy and hold

Posted by plroo7 > 2018-09-13 09:23 | Report Abuse

Ok, Calvintaneng.... 10q for ur advice....

Posted by CharlieSim > 2018-09-13 10:21 | Report Abuse

tumbling down ....

Posted by calvintaneng > 2018-09-13 10:27 | Report Abuse

Those short term holders are letting go for lack of temporary excitement.

As price sold down cheaper by them it is a good time to buy cheaper than Tony now.

Posted by luckypunting > 2018-09-13 10:34 | Report Abuse

when people offer 0.66 dun wan sell, last few weeks saw thousands lot parking at 0,66.... now selling below offer price .... really funny :p

Posted by CharlieSim > 2018-09-13 10:36 | Report Abuse

:))))

Posted by CharlieSim > 2018-09-13 10:44 | Report Abuse

Small players ...

Posted by Lukesharewalker > 2018-09-13 11:53 | Report Abuse

no revised offer. stagnant for another year

Posted by Bruse > 2018-09-13 13:47 | Report Abuse

Are you not ashamed of the statements you had posted on 12/09/2018 17:58 and 12/09/2018 23:04 ?

Posted by jordanmaggie61 > 2018-09-13 14:11 | Report Abuse

Good job ! keep rising....

Posted by chang24 > 2018-09-13 14:20 | Report Abuse

If TT's intention is to increase his stake in TA, he has done a great job. But the shareholding for TAGB still unsolved...

Posted by RVI123 > 2018-09-13 15:46 | Report Abuse

TT is really veteran and savvy. You can not read him until the last minute.

Posted by villa1668 > 2018-09-13 21:50 | Report Abuse

Yes, small players determine the share price today. Once the sell block 33007 lots @ 0.665 disappear, i have a reason to believe TA will start to trade above RM0.665.....For those who wanna quit mostly have sold, resistance become lesser and lesser.

Posted by Jackkin > 2018-09-14 00:07 | Report Abuse

Villa, u said Tony can revise the offer price again by 5 Oct ? pls clarify..

Posted by villa1668 > 2018-09-14 08:04 | Report Abuse

Jackkin, the information stated in the offer document dated 20Aug2018, page 12, no.2.

No.2(i) The offer will remain open for acceptances until 5pm on 12 September 2018, which is the first closing date, or such later date as TA Securities may announce on behalf of the Offeror unless the Offeror withdraws the offer with the SC's written approval and in such event, all parties will be released from any obligation arising pursuant to the offer.

No.2(iii) If the offeror revises the offer after the posting date, the offer will remain open for acceptances for at least 14 days from the date the written notification of the revision is posted to holders. If the Offeror revises the terms of the offer, the offeror will make the benefits of the revised offer available to the accepting holders who have previously accepted the offer.

The offer shall not be revised after 5 October 2018, being the 46 day from the posting date.

Apparently, Offeror - Datuk Tiah withdraws the offer with the SC's written approval on 12Sept, which i think is good to all the majority shareholders which they no need to wait and worry about the price cant break 0.66 anymore. It is back to company fundamental and depends on the overall market sentiment now. Look at the small trading volume and closing price yesterday, it proved that small players had let go during the MGO period, but most of the big players still remain here as they look at the value of the company.

Here again, the TA share price did not crash yesterday. In the event that TA cant submit its quarterly report, then the share price confirmed crash.

Posted by Sslee > 2018-09-14 08:37 | Report Abuse

Dear Jackkin,
The important time-line as follow:
Day
T: Announcement of take over.
T+21 (“D”): Last day to dispatch the offer document.
D+10: Last day to circulate independent advice circular and company’s BOD comments on the takeover offer.
D+21: Earliest day to close the offer.
D+46: Last day for posting revised offer (if any).
D+60: Takeover offer close if the acceptance condition (50%) is not fulfilled.

Datuk Tiah (offeror) have the choice whether to closed the offer at the earliest day D+21 or latest day D+60 with last day for posting revised offer (if any) D+46.
It look like all this while Datuk Tiah only intend to increase his holding above 33% thus he chose the earliest closing date without revised offer even though independent adviser value TAE at RM 2.60 and the independent directors concur that the 66 cents offer price is unfair and unreasonable.
Datuk Tiah must be very confident he is able to accumulate TAE slowly (2% at any rolling 6 months period) at lower cost to him from open market nor he is worry about losing the control of TAE from hostile take-over from third party. (Note: Datuk Tiah is forbidden from doing another TAE MGO for 1 year period)

So the only game plan left is for Calvintaneg and his Johor Sifus or institute investors making a hostile VGO and take over the control of TAE.
So brother Calvintaneng we are now waiting for your next move. (Just make a VGO at better offer and I will sell all my TAE to you)

Thank you

Posted by villa1668 > 2018-09-14 09:06 | Report Abuse

Yes, Calvintaneng, please help to do something.
Sslee, are u intend to buy more in the open market?

Posted by plroo7 > 2018-09-14 09:39 | Report Abuse

Hi Calvintaneng, i m a small investor & maintain TAE shares for more than 7 years. Hope to get your advice on it. 10q & hv a nice day to all.

Posted by jordanmaggie61 > 2018-09-14 10:39 | Report Abuse

Wow! earn more again! good stock, i have earned a lot to pay my bills.

Posted by Yael Jasper > 2018-09-14 11:01 | Report Abuse

Good time to accumulate more and gain more profit :)

Posted by luckypunting > 2018-09-14 11:15 | Report Abuse

slowly .....

Posted by luckypunting > 2018-09-14 11:15 | Report Abuse

surely .....

Posted by TheContrarian > 2018-09-14 17:01 | Report Abuse

On the day of the closing of the MGO shareholders with 90 million shares accepted Tony's offer to buy at 0.66 but as Tony didn't achieve above 50% there 90 million shares were declined and is in the process of been returned to them. 90 million!

Posted by singh1 > 2018-09-14 19:00 | Report Abuse

Looking back, there were two main outcomes of this mgo.
1. Datuk increase his shareholding from 32%+ to 38%+
2. TA NTA went from $1.55/share to $2.60/share

What next?

Posted by calvintaneng > 2018-09-15 00:09 | Report Abuse

plroo7

Good you have kept this TA like keeping mau sang wang durian.

Now at last TA is fruiting:

1) Expect good dividends from now onward as capex for building expenditure now over. All extra cash can be given out as dividends

2) Tony failed in NGO at 66 sen shows majority of TA holders expect a better MGO price....say Rm1.50?

So just hold on for further gains

Posted by plroo7 > 2018-09-18 15:39 | Report Abuse

10q v much Calvintaneng... Happy to hear fr u again since i hv been keeping d shares for so long.....

Posted by chang24 > 2018-09-19 16:14 | Report Abuse

After MGO failed TT still acquiring...