It was reported on Chinese daily (东方日报,财经版)on 11/4/2016, the transacted price stated on the paper is $5.40 with 9.1 millions shares change hand !
This is expected due to Tamasek going to convert the ICULS, only with such they can slowly convert the ICULS to mothers shares without exceed the 70% holding limit which will trigger the General Offer ruling.
the price transacted 5.40 was based on willing buyer willing seller basis. this action helps SAM to increase public spread, in order to avoid trading suspension. now we don't have to worry that SAM would be suspended for having not enough public participation. apparently, the price of 5.40 has spooked investors and I like this
Instead, Temasek should offer the same to minority share holders at 5.40 with moratorium to hold for one year or 6 month instead of crony. By nature Sharks are selfish mammals.
Interest still strong out there. Cannot understand. It announced 100 mil to invest in next 2 years, cash will be down, dividend may be cut to conserve cash. If convert all remaining ICULS, then dividend will be much lesser
A very POSITIVE article on SAM appearing today in a Financial Newspaper. Investing RM100 Million in two (2) new high tech complementary products that will bring in additional income steam SURELY IS GOOD for the company and the shareholders. Funny do not understand why someone think this is negative ! a very narrow view. This is a Counter to watch as the barrier to enter is very high for other companies.
I think this stock has great potentials to grow further. Any sell down below rm6.00 is a good opportunity to collect. Based on its order books of RM 3.5billion which can last the company for many years to come, I shall be enjoying my life and will not be bothered by ups and downs of the share prices. For I know that this stock is well managed by professionals and experienced people and it is in good hands. SAM Singapore does not have intention to issue a MGO for the rest of the shares it does not hold, that is why it is selling out some 9mil shares out to the public to have a piece of cake of the company. I belief it will be stronger in times to come.
SAM belongs to Temasek group in Singapore. Recent low oil prices has forced them to change their strategy to grow in non-oil and gas sectors as its core holding in Keppel has been badly affected. Travelling in the air has become more and more affordable, look at the millenials, how many have not travelled with plane before? The demand for passenger plane is no longer as cyclical as decades ago, the time when flight was only for the rich and famous.
I believe this is a sector that Temasek would like to explore. I have no insider news, just my observation and personal opinion.
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....
TheRock
193 posts
Posted by TheRock > 2016-03-15 18:56 | Report Abuse
@Jerry Jerry, what kind of show?? Tiger show????? :D