Posted by smartly > 2017-10-10 12:05 | Report Abuse

buy now at 36sen and accept the offer at 38sen.
you make 2sen...low risk. :)

Posted by stockraider > 2017-10-10 12:14 | Report Abuse

Posted by smartly > Oct 10, 2017 12:05 PM | Report Abuse

buy now at 36sen and accept the offer at 38sen.
you make 2sen...low risk. :)

THE TAKEOVER CONDITION SUBJECT TO 90& ACCEPTANCE LOH....!!
HIGH RISK UNSUCCESSFUL LOH....!!

Posted by Diamond7 > 2017-10-10 12:16 | Report Abuse

Smarty is SMART!
Yes...correct move!Low risk too.....

Posted by Steven Tan Chong Yew > 2017-10-10 12:45 | Report Abuse

Hold until end date. They offer price is 0.38. If you don't sell, even if they privatise it, you still surrender at 0.38; that is the purchase price. If you sell now, its lower than 0.38. So might as well hold. nothing to lose.

Posted by stockraider > 2017-10-10 12:49 | Report Abuse

IF HOVID U THINK IS WORTH RM 0.38, THEN BUY LOH....!!
DON BUY JUST BCOS TAKEOVER RM 0.38, IF TAKEOVER UNSUCCESSFUL U END UP HOLDING HOVID SHARE....!!

U BUY BCOS HOVID BCOS IT IS GOOD & UNDERVALUE SHARE LOH....!!

Posted by I LOVE Hengyuan, SEXY BABE RM21 > 2017-10-10 13:58 | Report Abuse

LOUSY MGT, I GUESS NOT EVEN WORTH it.

Posted by anonboy > 2017-10-10 14:27 | Report Abuse

Kesm is a very good semiconductor stock with its low P/E.

Posted by sitia > 2017-10-10 15:14 | Report Abuse

Looks like somebody keep topping up at 365

Posted by Indahnya > 2017-10-10 15:46 | Report Abuse

so tmro hovid will still go up? or stay at this price?

Posted by ktsk88 > 2017-10-10 15:48 | Report Abuse

it is mandatory takeover at 38sen so the stock wont go beyond 38sen.

will you bought at 38sen with brokerage but later force to sell to the MD at 38sen and loose your brokerage?

Posted by ktsk88 > 2017-10-10 15:49 | Report Abuse

so buying now 365sen, you still made 1.5sen less brokerage when the company buy back from you.

Posted by Diamond7 > 2017-10-10 15:51 | Report Abuse

When is the takeover date? Must sign any document?

Posted by kevin5059 > 2017-10-10 15:58 | Report Abuse

The risk is still there la.. If they not manage to get 90% of the share, then they might call off the privatization, or increase the buy back price so that they can get 90%+.

What is this is their plot? Tell the public that they want to buy back at 0.38, so that everyone go get at 0.365, at the end, say can not meet the 90% so call off the privatization, price drop back to 0.30sen. Those buy at 0.365 today get stuck again. hahahaha.

Posted by Unknown404 > 2017-10-10 16:21 | Report Abuse

Have faith with the privatization of the company just like it happened years back on MAS.

Posted by sitia > 2017-10-10 16:26 | Report Abuse

wah, so many keep Hovid price low. 38 considered bad for Hovid?

Posted by sitia > 2017-10-10 16:28 | Report Abuse

kevin5059, they might change the price to 40? maybe? since anything can happened.

Posted by Steven Tan Chong Yew > 2017-10-10 17:22 | Report Abuse

its a conditional 'voluntary' take over offer, not mandatory, right? if they can not reach 90%, they might give 2nd offer, or you surrender at 0.38 at their offer price. no other way.

Posted by Syndicates > 2017-10-10 21:26 | Report Abuse

If they cannot get 90% of acceptance, those who accepted the offer will only get back their shares instead of 38sen. Isn't it?

Posted by Tze Xin Tze Yiu > 2017-10-11 09:14 | Report Abuse

I got 0.38 for 50k lots... shall I sell or kept

Posted by st999fc > 2017-10-11 09:17 | Report Abuse

I just bought 0.36.. they gonna buy back 0.38? 0.02 profit, sapu dulu

Posted by smartly > 2017-10-11 09:20 | Report Abuse

keep

Posted by smartly > 2017-10-11 09:20 | Report Abuse

36sen is safe.

Posted by Steven Tan Chong Yew > 2017-10-11 10:15 | Report Abuse

Here is what i understand from RHB investment banker:

1) If they manage to buy back 90% shares, they will proceed to privatize, and those who did not sell, will automatic surrender at 0.38 (*at offered price).

2) If they did not reach 90%, they can’t not privatize, then back to 2 scenarios:
Scenario 1: They abandoned the idea of privatization, and everything back to normal, price will determine by market forces
Scenario 2: They offer 2nd Price (*higher than 0.38)

If you sell now, it will be at market price.

Posted by ZulZA > 2017-10-11 11:31 | Report Abuse

any idea when it will happen?

Posted by Steven Tan Chong Yew > 2017-10-11 12:11 | Report Abuse

offer last 21 days base on announcement, they have 21 days to collect 90%

Posted by PenguinDad > 2017-10-11 13:22 | Report Abuse

Everybody know that Hovid got new product coming and more earning. Why sell at this price and don't SHARE with other HOLDERS. Should do private placement rather then privatization.

Posted by Syndicates > 2017-10-11 14:24 | Report Abuse

people want set condition to 90% of acceptance, u think the owner want extra 10% of controlling stake only? if the offer cannot go through the market price will not be high as now

Posted by Czarll > 2017-10-11 17:12 | Report Abuse

是要扣除自己手上的票后然后收购剩下的90%股份才对 ：
100% - 34.06% = 65.94%
65.94 x 90% = 59.346%

所以必须向市场收购59.346%的股份才会抵触强制收购的门槛

Posted by Steven Tan Chong Yew > 2017-10-11 17:33 | Report Abuse

对的 correcto. deducted what he currently holding in hand, and to collect 90% of what is correctly in market/public.

Posted by Czarll > 2017-10-11 17:54 | Report Abuse

如果超过93.406% 0.38投降
如果少过93.406%,David ho 平均价近一步接近0.38,而 fajar 0.36_0.38

Posted by kwh1218 > 2017-10-11 21:41 | Report Abuse

how to accept the offer 0.38? anyone can guide me?

Posted by Huatlar > 2017-10-11 22:20 | Report Abuse

如果他把手上的 181 millio warrant convert 就超过50%了

Posted by hoplanner > 2017-10-11 23:40 | Report Abuse

Kwk1218 asks an important qt. How to accept the offer? How and where to obtain the form? Buy 36.5 & accept the offer can make 1.5 sen ...... better tahan FD

Posted by Syndicates > 2017-10-12 09:31 | Report Abuse

they will distribute the form within 14days if not mistaken. u can refer the recent takeover offer of ablegrp, which u can find on bursa announcement page. or u can ask ur remisier/dealer, they earn ur brokerage

Posted by Czarll > 2017-10-12 10:34 | Report Abuse

2014-2015,30大股东从个体换基金单位，那时股价都徘徊在.42_.46时间较长，预计基金持股都在.42以上。大约是14%左右。warrant换母股应该会是在有把握的最后一刻才会，因为如果不成功就触碰了流动数量少过25%的问题。

Posted by hoplanner > 2017-10-12 11:30 | Report Abuse

Syndicate tks. Ive been trading online since 2005. No remisers. Fr yrs of trading, their knowledge is hopeless. Biased views as long as they make something out of you.

Posted by Steven Tan Chong Yew > 2017-10-12 12:11 | Report Abuse

@syndicates,

According to my RHB investment banker, surrender do not need to fill up form. No need to do anything.

Posted by Syndicates > 2017-10-12 12:35 | Report Abuse

of course surrender no need to fill up the form. when u had to surrender, that already become a compulsory acquisition situation. the offeror must receive more than 56% shares, by way of receiving acceptance form from shareholders, to take compulsory acquisition action.

Posted by Syndicates > 2017-10-12 12:44 | Report Abuse

this is similar to privatisation through EGM, which also need 90% of acceptance from the shareholders

Posted by Steven Tan Chong Yew > 2017-10-12 14:45 | Report Abuse

today lot of buy pressure 0.360...

Posted by rocketer > 2017-10-13 10:29 | Report Abuse

A lot seller also

Posted by sitia > 2017-10-13 18:52 | Report Abuse

Sorry wish to find out, at currect price is in between 360-365. If I want to sell at 38 can or nt?

Posted by sitia > 2017-10-13 18:55 | Report Abuse

Where to get the form?

Posted by sitia > 2017-10-13 18:56 | Report Abuse

So far, Hovid is it compulsory acquisition??

Posted by Unknown404 > 2017-10-14 13:18 | Report Abuse

sit deng deng wait for profit!

Posted by sitia > 2017-10-14 16:40 | Report Abuse

unknown404, what do you mean sit deng deng? If you didn't submit the form, your Hovid be toilet paper!

Posted by Syndicates > 2017-10-15 16:06 | Report Abuse

offer document will be distributed soon. date unknown. probably have to wait more than 2 weeks from the first day of announcement, by referring to the recent takeover of ablegrp.
but u will still have to wait the acceptance rate become 90%, otherwise they will return the share to you if they let the offer lapse.

Posted by Syndicates > 2017-10-15 16:20 | Report Abuse

for those whose holding cost is above 38sen, this is the time to average down.
if offer go through, you wont lose much.
if cannot go through, your holding cost wont be so high as the price will drop further from current price.
even if you are hoping them to revise a higher offer price, u can earn more by averaging down. it depends on whether u want to take further risk or not, since you have incurred a unrealised loss.

my 2cents

Posted by Syndicates > 2017-10-16 08:37 | Report Abuse

it's a conditional offer. with the condition of 90% of shareholders (not including the offeror and party related to offeror) accepted this offer, otherwise this offer plan is fail.

Posted by Syndicates > 2017-10-16 08:45 | Report Abuse

typo: with the condition of 90% of shares (not including the offeror and party related to offeror)