Posted by Ring > 2017-05-21 21:27 | Report Abuse

For short term Goldis may hit 4 then 5, Goldis name may change

Posted by Hk Wong > 2017-06-06 09:51 | Report Abuse

goldis may take a hit..

Posted by 860000 > 2017-06-07 10:42 | Report Abuse

what hit?

Posted by Hk Wong > 2017-06-16 11:21 | Report Abuse

perhaps Goldis can recognise some cost-savings from the merger. Clearly, there will be some savings from maintaining only one listing status.

But beyond that, will there be more restructuring?

“It’s too early to speculate. Let us finish the deal first, then the board can sit down and decide how we want to strategise and proceed,” explains Ng.

Looking ahead, IGB’s minorities may find themselves in an interesting position. If they share AllianceDBS’ view and expect Goldis, as a merged entity, to unlock value trapped in its assets, then they should opt for option 2.

But if they expect value to be unlocked over a longer period of time, then they should opt for option 3.

Of course, investors could always opt for option 1 — take the cash and invest directly in IGB REIT, a company that has clear visibility in earnings and dividends.

Posted by Hafid > 2017-06-16 22:38 | Report Abuse

Down already. Wait fir 2.50

Posted by kaikai > 2017-06-21 20:01 | Report Abuse

Timing of the offer ? anyone got an idea ?

Posted by Hafid > 2017-06-22 20:01 | Report Abuse

July

Posted by danny123 > 2017-06-30 16:24 | Report Abuse

if igb egm reject d offer, then goldis will come down to 2.30
i gb share will go up, maybe 3.50

Posted by danny123 > 2017-06-30 16:25 | Report Abuse

hopefully IGB shareholder will reject d offer during EGM

Posted by Ring > 2017-06-30 21:38 | Report Abuse

http://www.theedgemarkets.com/article/goldis-revises-options-igb-takeover

Posted by Ring > 2017-06-30 21:45 | Report Abuse

KUALA LUMPUR (June 30): Goldis Bhd is revising the options for its takeover offer for IGB Corp Bhd.

Originally, Goldis offered three options available to IGB shareholders — cash only or a cash plus Goldis shares on a 30:70 ratio respectively, and the third option is cash plus new redeemable convertible cumulative preference shares (RCCPS) on a 20:80 ratio respectively. Meanwhile, shareholders owning fewer than 100 IGB shares would be offered cash only.

However, Goldis said it wants to allow all scheme shareholders to have the same election rights, whereby those with fewer than 100 IGB shares can elect for the Cash Option, the Cash and Share Option or the Revised Cash and New RCCPs Option.

Secondly, the proportion of cash to new RCCPS to be offered under the Cash and New RCCPS Option has been revised from 20% in cash and 80% New RCCPS to 12% in cash and 88% new RCCPS.

“This is to cater to scheme shareholders who wish to maximise their equity holdings in Goldis with the aim to benefit from and realise the long-term potential value in the consolidated group,” said Goldis.

Goldis said the revised option will not have any material effects on the group structure, share capital, substantial shareholders’ shareholding and audited consolidated net assets per share and gearing.

On Feb 23, Goldis announced that it had offered to pay IGB shareholders RM3 a share in either cash or a combination of cash and shares in Goldis, a move that would see it delisting IGB and turning it into its wholly-owned subsidiary.

It also said the move would likely eliminate its holding company discount on IGB, provide it with greater liberty to plan and decide on the strategic and business directions of IGB, and create a more cohesive and efficient operating structure going forward.

Should the scheme be approved, Goldis said it plans to rename itself IGB Bhd, which stands for Ipoh Goldis Bersatu.

Goldis settled 0.4% or one sen higher at RM2.90 today, valuing it at RM1.77 billion.

Posted by Hafid > 2017-07-02 07:23 | Report Abuse

I doubt there will reject. Maybe something is in offering with the deal. There is safety of margin of rm1.00. very good

Posted by Hk Wong > 2017-07-21 09:28 | Report Abuse

KUALA LUMPUR: Goldis Bhd, which is seeking to take subsidiary IGB Corp Bhd private, has sweetened its offer for the remaining IGB shares it does not own by waiving its right to all dividends and/or distributions declared, paid or made after the date of its Feb 23 proposal letter.

IGB Corp, the developer of Mid Valley City, told Bursa Malaysia that it had received a letter from Goldis on Thursday stating that the scheme shareholders would now be entitled to retain any dividend that IGB might declare, make or pay for this financial year ending Dec 31, 2017 (FY17), prior to the date of sanction of the proposed scheme by the High Court.

“For the avoidance of doubt, notwithstanding the waiver set out above, Goldis will not reduce the offer price by an amount equivalent to the net dividend for each IGB share which the scheme shareholders are entitled to retain,” it said.

“Similarly, if Goldis declares, makes or pays any dividend before the consideration shares and the consideration new RCCPS (redeemable convertible cumulative preference shares) are issued, the consideration shares issue price and the consideration new RCCPS issue price will not be reduced by an amount equivalent to the net dividend for each consideration share or consideration new RCCPS that the scheme shareholders are not entitled to.”

(Earlier this month, Goldis declared a first interim dividend of 2 sen per share for FY17. IGB, which paid an interim dividend of 10% for FY16 on March 17, has not declared any interim dividend for FY17.)

All other terms and conditions to the proposed scheme as set out in the proposal letter dated Feb 23 and as revised by the revised proposal letter dated June 30 remain the same.

The proposed scheme offers RM3 for each IGB share held, to be settled by either one of three options that the scheme shareholders can choose (100% cash, 30% cash and 70% Goldis shares, and 12% cash and 88% new Goldis RCCPS).

Goldis directly holds 73.43% of IGB’s share capital (excluding treasury shares). The Employees Provident Fund is the second largest shareholder with a 5.02% stake.

Kenanga Investment Bank Bhd, was appointed on April 14 as independent adviser on the proposed scheme. IGB has not posted any advice from Kenanga IB to-date on Bursa Malaysia's website on whether shareholders should accept or reject the offer.

IGB shares closed unchanged at RM2.83 on Thursday.

Read more at http://www.thestar.com.my/business/business-news/2017/07/20/goldis-sweetens-offer-for-igb-shares/#GEvM5ESfGeldbejc.99

Posted by danny123 > 2017-07-25 16:18 | Report Abuse

igb pay 10- 15 cents div
goldis pay 2 -5 cents div
for the past 3 yrs.
most likely, monority shareholder of igb will reject d offer.

Reasons;
-igb shares will be diluted UNDER OPTION 2 AND 3, therefore dunt get good div anymore
- Some analysis say igb valuation 4 -6 ringgit, therefore offer 3 ringgit not attrative.

SO VOTE NO DURING IGB EGM

Posted by Hafid > 2017-07-27 13:35 | Report Abuse

When is the voting date

Posted by magus > 2017-07-28 13:25 | Report Abuse

goldis wants to buy igb for cheap and given the market rules, they will most likely succeed too; talk about the rich getting richer and the not so rich getting screwed.

Posted by YoungInvestor > 2017-08-09 22:55 | Report Abuse

Justin : Where did you get the news , is it a well known news ?

Posted by jtpc2006 > 2017-08-16 17:21 | Report Abuse

What is Goldis management waiting for now?

Posted by Hafid > 2017-08-17 20:35 | Report Abuse

Wait for approval

Posted by jtpc2006 > 2017-08-21 16:38 | Report Abuse

Goldis management wait for approval? For goodness sake get a move on !!

Posted by Hk Wong > 2017-08-23 10:36 | Report Abuse

already submit to SC.

Posted by Hk Wong > 2017-08-23 10:37 | Report Abuse

goldis dividend is low. but once the merger is done and economy recover than...
with the e-commerce come will affect the mall operator.

Posted by Hk Wong > 2017-08-28 16:13 | Report Abuse

The Group's revenue for the 6 months period ended 30 June 2017 decreased by 6.7% to RM552.9 million as compared to
RM592.5 million for the 6 months period in the preceding year. The decrease in revenue was mainly due to lower contribution
from the hotel segment. The previous year’s revenue had included revenue from Cititel Express Kuala Lumpur, Micasa Hotel
Yangon and Renaissance Kuala Lumpur Hotel which were disposed in March 2016, July 2016 and January 2017 respectively. The
contribution from these three hotels were RM57.4 million. However, this was mitigated by the higher revenue contributed by
The Tank Stream Hotel in Sydney.
However, the Group has recorded higher profit before taxation of RM239.3 million for the 6 months period ended 30 June 2017
as compared to RM168.5 million for the corresponding 6 months period in the preceding year, which represented an increase of
42.0%. This was mainly due to a one-off gain on disposal of Renaissance Kuala Lumpur Hotel.

Posted by Hk Wong > 2017-08-28 16:16 | Report Abuse

On 21 July 2017, the Company have submitted an application to Bank Negara Malaysia for the proposed issuance of the New
RCCPS to non-residents in relation to the Consideration New RCCPS pursuant to the Proposed Scheme.

Posted by Hk Wong > 2017-08-28 16:16 | Report Abuse

On 31 July 2017, the Company have submitted an application to Bursa Securities for the listing of and quotation for the
Consideration Shares, the Consideration New RCCPS and new ordinary shares in the Company to be issued upon the conversion
of the Consideration New RCCPS pursuant to the Proposed Scheme on the Main Market of Bursa Securities.

Posted by Hk Wong > 2017-09-21 14:46 | Report Abuse

RANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
(I) PROPOSED ACQUISITION BY GOLDIS BERHAD ('GOLDIS' OR 'COMPANY') OF THE ENTIRE
EQUITY INTEREST IN IGB CORPORATION BERHAD ('IGB') NOT ALREADY OWNED BY GOLDIS
BY WAY OF A MEMBERS SCHEME OF ARRANGEMENT TO BE UNDERTAKEN BY IGB PURSUANT TO
SECTION 366 OF THE COMPANIES ACT, 2016 ('PROPOSED SCHEME');(II) PROPOSED CHANGE
OF NAME OF GOLDIS FOLLOWING THE COMPLETION OF THE PROPOSED SCHEME ('PROPOSED
CHANGE OF NAME'); AND(III) PROPOSED CHANGE TO THE CONSTITUTION(COLLECTIVELY THE
'PROPOSALS')

Posted by Hk Wong > 2017-10-27 07:53 | Report Abuse

Notice extraordinary meeting 20/11/2017

Posted by Hafid > 2017-11-21 18:52 | Report Abuse

Takeover done

Posted by jtpc2006 > 2017-11-22 15:40 | Report Abuse

Now for Goldis and IGP Corp, the sky is the limit, price will shoot up!

Posted by jtpc2006 > 2017-12-27 19:21 | Report Abuse

what a slow coach !

Posted by jtpc2006 > 2018-01-09 16:47 | Report Abuse

Still a slow coach!

Posted by member41 > 2018-01-22 16:57 | Report Abuse

Golden share upupup can $4?

Posted by member41 > 2018-01-23 11:30 | Report Abuse

Gold mine up 25 today

Posted by jtpc2006 > 2018-01-23 14:21 | Report Abuse

Still waiting for Goldis to show its true colors

Posted by Hafid > 2018-01-23 21:02 | Report Abuse

i hope can go up to 5.00

Posted by Hafid > 2018-01-24 11:48 | Report Abuse

AllianceDBS’ investment case is straightforward. As it stands, Goldis has a fully diluted revised net asset value (RNAV) of RM8.04 per share. Hence, it is currently valued at a whopping 65% discount to its RNAV.
The merger with IGB Corp should be a re-rating catalyst for Goldis, allowing it to command a slightly higher discount-to-RNAV of 50% or RM4 per share.

Posted by Ring > 2018-01-24 12:47 | Report Abuse

http://www.theedgemarkets.com/article/stock-momentum-goldis-bhd

Posted by tipumakan > 2018-01-24 21:55 | Report Abuse

one major problem with goldis is that they are stingy on dividend

Posted by stevenwongg > 2018-01-25 16:38 | Report Abuse

Wow, cut loss

Posted by tipumakan > 2018-01-25 16:43 | Report Abuse

Cut loss? I though everyone should earn with recent gain?

Posted by stevenwongg > 2018-01-25 17:11 | Report Abuse

I just enter today, but seem like dropping after lunch..

Posted by kaikai > 2018-01-25 20:30 | Report Abuse

Good buy , easily worth RM4 !

Posted by tipumakan > 2018-01-25 21:48 | Report Abuse

It already worth more than RM4 long time ago but price at lower low. Need more corporate exercise carry out to boost the price, or give better dividend.... Otherwise will be dead water again

Posted by member41 > 2018-01-26 09:47 | Report Abuse

Every time drop buy more. But need to wait.

Posted by tipumakan > 2018-01-26 10:04 | Report Abuse

Its time to buy, already drop

Posted by jtpc2006 > 2018-01-26 14:13 | Report Abuse

such a slow coach, cannot take one step forward

Posted by member41 > 2018-01-29 16:46 | Report Abuse

Below 3 buy

Posted by jtpc2006 > 2018-01-30 10:03 | Report Abuse

very slow tortoise

Posted by jtpc2006 > 2018-02-21 19:19 | Report Abuse

Fantastic financial results, where's the bonus and dividends?

Posted by Hafid > 2018-03-07 08:36 | Report Abuse

nothing from the goldis