hahaa. seems like it. I wonder when he wants to push above 0.40 it would be better for CNY. he meet his relatives, can show off, say stock price higher. can boast!
b ) For TAGB ~ TA Enterprise Berhad ( 60.1748% ) ~ Datuk Tiah Thee Kian ( Direct 10.006% / Indirect 19.1223% ) ~ Mr. Tiah Joo Kim ( 5.003% ) ~ Datin Tan Kuay Fong ( Direct 0.1269% / Indirect 0.1861%)
*** Total no of securities for TA + Datuk Tiah families is 75.3107% ( Balance in the open market is 24.6893% / 1,313,964,550 units )
momo It is actually quite easy for TA to take it private. If they offer 55 sen each, it would cost about RM 1.2 B , which is not much. I would prefer they offer a 1:1 Reit at a low offer price of 10 sen each. In that way TAGB can raise RM500M + to further reduce debt or fund and operate more hotels. Debt is currently being reduced from about 2.5B to about 1.9B with proceeds from little bay sale. I see interesting times ahead.
Very good assets. Tagb is a diamond in the rough. Polish it and it shall shine brilliantly. The low price is making the investment community at large not notice it. When it does rise higher which should happen over the next two quarterly results, it is going to be too late for many. The horse would have left. I have invested bigly in TA as it gives me both with just one investment. (2 birds with one stone). Every TA share holds 1.8 Tagb shares by virtue of it's 60 % stake. Surprisingly that is TA share price. 0.38 x 1.8 = 0.685 The rest of TA is absolutely FREE !!
hi @singh1 could you kindly explain further "Every TA share holds 1.8 Tagb shares by virtue of it's 60 % stake. Surprisingly that is TA share price. 0.38 x 1.8 = 0.685 The rest of TA is absolutely FREE !!"
momo Here are the numbers. Tagb total number of shares = 5,322,000,000 or 5.322B TA owns 60.1748% of Tagb. That is 3,202,000,000 or 3.202B shares TA total number of shares = 1,712,000,000 or 1.712B shares Shares of Tagb that TA owns divided by total number of TA shares is 3,202,000,000 / 1,712,000,000 = 1.87 So for every TA share that you own, it owns 1.87 Tagb shares. So if Tagb is at 38 sen then 1.87 x 0.38 = 0.71 or 71 sen There you see !! TA Enterprise is selling for less than what it owns of Tagb. The rest of TA enterprise is absolutely free for investors. Hard to believe but absolutely true. That is the reason I sold all my Tagb shares and bought TA Enterprise. If you are still not sure, I encourage you to contact TA Enterprise and ask them if the above calculation is true or not. If anyone still don't agree, tell me why.
The Board of Directors of TA Global Berhad (“TAG”) wishes to announce that its public shareholding spread of 24.76% based on Records of Depositors as at 29 December 2017 is not in compliance with the public shareholding spread requirement pursuant to Paragraph 8.02(1) of the LR of Bursa Securities.
The percentage represents a shortfall of 0.24% from the minimum required percentage of 25% of the total listed shares (excluding treasury shares) to be in the hands of public shareholders.
TAG will be applying to Bursa Securities to seek approval for lower level of public shareholding spread and/or an extension of time to address the shortfall in the public shareholding spread, vis-à-vis current prevailing market conditions.
b ) For TAGB ~ TA Enterprise Berhad ( 60.1748% ) ~ Datuk Tiah Thee Kian ( Direct 10.044% / Indirect 19.1223% ) ~ Mr. Tiah Joo Kim ( 5.003% ) ~ Datin Tan Kuay Fong ( Direct 0.1269% / Indirect 0.1861%)
*** Total no of securities for TA + Datuk Tiah families is 75.3487% ( Balance in the open market is 24.6513% )
Tony should know the rule and regulations that public need to hold at least 25% from the beginning. Believe Tony will continue to buy TAGB shares, and maybe he have other plans.
Tony is fully aware that the public spread will fall below 25% at end of December. He continued to buy this month knowing very well that he has to seek bursa approval. He has a plan. Hope is good for share price
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....
momotrader
111 posts
Posted by momotrader > 2018-01-11 10:39 | Report Abuse
open market has 24.7437%
who's selling when datuk keep buying.
lol.