Posted by simon2020 > 2017-11-12 23:39 | Report Abuse

I am keeping my shares until a better offer comes along, actually the 1st offer of 38 sens was the the share price around October last year before the suspension of Hovids' manufacturing license so there was actually no premium at all for medium to long term investors. See profitability trend
below:
2013 Profit of RM20.327 million
2014 Profit of RM18.084 million
2015 Profit of RM20.909 million
2016 Profit of RM17.896 million
2017 Loss of RM1.528 million (loss incurred due to revocation of manufacturing licence and not loss due to lack of demand)

Now since the Manufacturing licence has been reinstated and manufacturing capacity has increased by 200%,, I can only see growth and profitability for Hovid for 2018 and beyond! otherwise Tael Partners would not has identified Hovid's as a growth oriented investment ripe for acquisition camouflaged as "Privatisation Exercise". Once they successfully acquire Hovid at a bargain price, they will sell their shares profitably to the highest bidder or relist again as a new entity in one to 2 years time.

https://edgemarkets.s3-ap-southeast-1.amazonaws.com/pictures/Hovid_Chart_fd_161017_theedgemarkets.jpg

Posted by PeterNg > 2017-11-13 16:17 | Report Abuse

I believe Hovid is a potential share for next 10 years. I will not sell the share.

Posted by smartly > 2017-11-13 18:47 | Report Abuse

result so poor.... :(

Posted by Syndicates > 2017-11-13 20:37 | Report Abuse

Just a tactic to force shareholder to accept the offer

Posted by sitia > 2017-11-13 23:33 | Report Abuse

This year result need to be discounted due to MOH interfered in the high blood pressure medicine.

Posted by simon2020 > 2017-11-14 10:15 | Report Abuse

Hovid bounced back very fast...The latest quarter to quarter profits increase by 133.5% to RM2.155 million which is a sign of recovery...the next few quarters will show even better profitability once the extra capacity from Chemor plant is ready by December, as the factories are running at 24 hours which means plenty of orders to meet!

13-Nov-2017 30-Sep-2017 49,657 2,972 2,155 2,130 4.34% 1.07% 0.26 0.00 0.2436 133.50%
https://klse.i3investor.com/servlets/stk/annqtyres/7213.jsp

Posted by kevin5059 > 2017-11-14 10:38 | Report Abuse

The revenue is higher as compared to previous year. However operating expenses also higher as I expect they need to pay double pay for those OT shift workers as the manufacturing lines need to operate 24 hours to chase back the production.

MOST importantly, it is profitable now, I expect the operating expenses will go down once the production lane stable down.

Still, RM 0.38 NO SELL...

Posted by simon2020 > 2017-11-14 12:56 | Report Abuse

Just raise my shareholdings in Hovid during its moments of weakness...expect the 2nd offer to be RM0.41 or more!

Posted by October > 2017-11-14 14:29 | Report Abuse

Can someone please advise what will happen if I do not accept the offer.

Posted by sitia > 2017-11-14 14:47 | Report Abuse

simon2020, like your confident with Hovid.

Posted by sitia > 2017-11-14 14:47 | Report Abuse

October, please refer to above comments

Posted by simon2020 > 2017-11-14 15:22 | Report Abuse

The first closing date is 20/11, the joint offerors may announce a new closing date if they have not achieved 90% acceptance from the shareholders at least 2 days before the closing date, that is Friday 17/11. The 2nd closing date will be extended at least 14 days from the first closing date that is 4 December with the revised offer.

Posted by choyminwai > 2017-11-14 16:46 | Report Abuse

what is the progress till now ? how many percent achieved ?

Posted by simon2020 > 2017-11-15 09:54 | Report Abuse

Wait for the official announcement by CIMB...anyway if the offerors offer to buy from open market at 41 sens...I am very sure there will be more sellers. Last check Cold Eyed is still keeping his shares :)

Posted by HouSuSah > 2017-11-15 10:32 | Report Abuse

Then wat do u think the reasonable offer price will be? rm1? chance to let u get out from losses not happy? find another undervalue stock very difficult?

Posted by Steven Cheah > 2017-11-15 10:40 | Report Abuse

i didn't accept the offer....wait

Posted by simon2020 > 2017-11-15 11:17 | Report Abuse

Good decision...actually the hint for a better offer from the Offerors is already up there...last count most of the institutional shareholders, both local and foreign already owns more than 10% of the shares excluding Cold Eyed...mark my words there will be a revised offer and extension of time...

Posted by mayyen > 2017-11-15 11:44 | Report Abuse

All masters here, the price dropped. Is it a tactic to force holder regret not to sell at 0.38?

Posted by kevin5059 > 2017-11-15 14:44 | Report Abuse

I heard that if they revise the price, those who willing to sell at 0.38 also will get the new price. It is so unfair to those who hold. Those coward should just take the 0.38 and those who hold shall get a better offer.

Posted by mamakspecial > 2017-11-15 14:51 | Report Abuse

Posted by kevin5059 > Nov 15, 2017 02:44 PM | Report Abuse

I heard that if they revise the price, those who willing to sell at 0.38 also will get the new price. It is so unfair to those who hold. Those coward should just take the 0.38 and those who hold shall get a better offer.

Look man...when you type 'I HEARD THAT' ...it means at this point it is still a rumour.

Posted by multi530 > 2017-11-15 16:09 | Report Abuse

well, if they revise offer price...all holders will entitled for it .

Posted by multi530 > 2017-11-15 16:10 | Report Abuse

once i able to realise other counter will move my proceeds to buy hovid

Posted by multi530 > 2017-11-15 16:24 | Report Abuse

I oready at favour position, why not expect HSS to raise 20% more than 0.38. If i holding the shares and not doing anything, my minimum return at least 16% (the annualised rate of return on 0.015 / 0.037 = 16%).

Posted by Ming Tzy > 2017-11-15 16:42 | Report Abuse

Keep ur share my dear investor...do u willing to sell ur underwear to someone by 2nd hand price in fact it is new underwear?

Posted by multi530 > 2017-11-15 16:47 | Report Abuse

ha ha, i dun want to cheap sell my underwear. its 原味的，price should be higher.

Posted by Tze Xin Tze Yiu > 2017-11-17 07:43 | Report Abuse

If revise more then to 0.38 , u will get the new new price ... jus sell. I have sell all my share last week at 0.365 100lots

Posted by leelc70 > 2017-11-17 08:31 | Report Abuse

Wonder how many ppl will accept the offer. I m waiting for the 2nd offer

Posted by kevin5059 > 2017-11-17 09:46 | Report Abuse

just keep the share for now la.. Even they goes unlist this round, they will trying to relist HOVID again in next 2-3 years. At that time, they will sell at higher premium and you will still gain. When we talk about investment, talk about long term. Don kill the chicken that lay egg now.

Posted by kevin5059 > 2017-11-17 09:48 | Report Abuse

mamakspecial, when I said "I heard" it depend on which source I heard from. If I heard from i3 forum here, then high chances it is a rumour. If I heard from a reliable/remisier, it is almost 99% confirmed.

Posted by ttengooi > 2017-11-17 09:50 | Report Abuse

Agree

Posted by Syndicates > 2017-11-17 10:08 | Report Abuse

would they extend the offer? 20th is the last day of acceptance isnt?

Posted by kevin5059 > 2017-11-17 10:37 | Report Abuse

Interesting simon2020, where can we check those information from?

Posted by simon2020 > 2017-11-17 10:42 | Report Abuse

You can verify with PenguinDad?

Posted by PenguinDad > 2017-11-17 15:25 | Report Abuse

simon2020, wait for announcement on better offer.

Posted by Huatlar > 2017-11-17 19:13 | Report Abuse

Simon2020
你算的DH share holding 应該是重叠了。

Posted by PenguinDad > 2017-11-17 21:04 | Report Abuse

extend to 4/12

Posted by PenguinDad > 2017-11-17 21:04 | Report Abuse

announcement is out

Posted by PenguinDad > 2017-11-17 21:04 | Report Abuse

http://www.malaysiastock.biz/Company-Announcement.aspx?id=1014413

Posted by PenguinDad > 2017-11-17 22:31 | Report Abuse

TAEL could be related OUB and they can paid better with the exchange rate different of SDG 1 to RM3

Posted by PeterNg > 2017-11-18 01:33 | Report Abuse

i will attend the Hovid AGM on 19-Dec-2017. May be will be the last.

Posted by PeterNg > 2017-11-18 01:35 | Report Abuse

i will attend the Hovid AGM on 19-Dec-2017. May be will be the last.

Posted by simon2020 > 2017-11-18 13:33 | Report Abuse

The premium for the Ordinary Shares (with voting and dividend rights & no expiry date) is only 20.55% to 5 days the VWAP i.e from 31.5 sens to 38 sens, while the Warrants (no voting and dividend rights expiry date 5 June 2018, exercise 18 sens (1:1) to convert to Ordinary Share) gets a premium of 45.02% to the 5 days VWAP i.e from 13.5 sens to 20 sens.

Hovid Warrants B - expiry date 5 June 2018, exercise 18 sens (1:1) to convert to ordinary share.
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7213WB

Why the offerors gave a higher premium of 45.02% for Warrants compared to only 20.55% for Ordinary Shares?, why the disparity in premium offered for Warrants & Ordinary Shares?, if they offer the same premium of 45.02% for Ordinary Shares, the offer price should be 45 sens.

e.g.
1. If they raise the offer price to 41 sens, the extra 3 sens payable (RM0.03 x 544,085,171) only cost extra RM16.32 million, in Singapore Dollars only $5.94 million.
2. If the offer price is 45 sens, the extra 7 sens payable (RM0.07 x 544,085,171) only cost extra RM38.05 million, in Singapore Dollars only $12.55 million

Mind you this is a privatisation exercise, meaning the medium and the long-term shareholders would be deprived of the future benefits through better share price and dividends in future should the privatisation be successful and their shares are taken over through a mandatory offer, if they achieve 90% at the current offer price of 38 sens for ordinary shares.


Quote "Ho is the single-largest shareholder of Hovid, with an equity interest of 33.72%. He is also Hovid’s managing director.

Fajar Astoria is a special-purpose vehicle incorporated to undertake the offer with Ho. It was set up by TAEL Two Partners Ltd.

“The joint offerers (Ho and Fajar Astoria) offer to undertake a conditional voluntary takeover offer to acquire 544,085,171 ordinary shares not already held by them, representing about 66.28% of the total shares.

“In addition, the joint offerers wish to acquire 181,841,209 units of outstanding five-year warrants, representing about 56.43% of the total warrants,” the announcement said.

The offer price for the remaining ordinary shares represented a premium of 20.55% to the adjusted five-day volume-weighted average market price (VWAP) of the shares until Oct 6.

As for the warrants, the offer price stood at a premium of 45.02% to the five-day VWAP until Oct 6"

https://www.thestar.com.my/business/business-news/2017/10/10/hovid-receives-voluntary-takeover-offer/

Posted by PenguinDad > 2017-11-18 17:52 | Report Abuse

TEAL fund is USD not SGD. That is multiple 4 not 3. See website of TEAL PARTNERS.

Posted by PenguinDad > 2017-11-18 17:53 | Report Abuse

Lelong Lelong!!!

Posted by simon2020 > 2017-11-19 00:38 | Report Abuse

Currently 1USD = RM4.16
e.g.
1. If they raise the offer price to 41 sens, the extra 3 sens payable (RM0.03 x 544,085,171) only cost extra RM16.32 million, in USD only USD$3.92 million.
2. If the offer price is 45 sens, the extra 7 sens payable (RM0.07 x 544,085,171) only cost extra RM38.05 million, in USD only USD9.13 million

But don't delay too long with the revised offer, since Malaysia GDP has gone up to 6.2% and crude oil price is increasing, the RM will strengthen further and the Offerors may end up paying more if the Privatisation Exercise drags into next year! They may end up penny wise but pound foolish...

Posted by PenguinDad > 2017-11-19 12:56 | Report Abuse

http://www.klsescreener.com/v2/news/view/308419

Posted by PenguinDad > 2017-11-19 12:57 | Report Abuse

55% for Hovid n 71% for Hovid-WB

Posted by PenguinDad > 2017-11-19 13:06 | Report Abuse

Hovid total share is 820,889,000

Posted by PenguinDad > 2017-11-19 13:07 | Report Abuse

The percentage is about 70%. The foreign fund will be trapped.

Posted by PenguinDad > 2017-11-19 13:23 | Report Abuse

http://www.enanyang.my/news/20171119/%E5%A4%A7%E8%82%A1%E4%B8%9C%E7%8C%AE%E8%B4%AD%E4%BD%95%E4%BA%BA%E5%8F%AFbr-%E5%BB%B6%E8%87%B3%E4%B8%8B%E6%9C%884%E6%97%A5%E6%88%AA%E6%AD%A2/