Jde use Oldtown as a stepping stone to enter China market and to divert the business into food and beverage chain.
China will become the most important and major coffee consuming country. Do not compare the food store between MY and China. Oldtown restaurant in China and Australia are famous and grant.
If I have a choice, I still will hold this stock for long term. It is pity to delist from bursa.
yes i also think so why rush to sell... maybe they know expanding in china later need lots of cash... may need to raise lots of cash to expand, why not sell first and realise the profit...
re: HENGYUAN @RM21 CONFIRM COMING Wtf? Something wrong is it? Why rush to sell when expanding in China? Something really not right? Whatever, I have stop old town white coffee many years ago.....Good luck to shareholders
lets vote no for the take over.. heres why: 1)its a malaysian company with malaysian heritage.. china ppl already have a mindset of nanyang (southsea/malaysia) white coffee in their mind.. such a waste to give this status quo to outsiders.. 2)the take over intend to delist the share from bursa.. we loss a good company to invest.. 3)valuation of 3.18\share is a daylight robbery... with such a good growth stock with good dividen... should be atleast rm4\share.. 4)JDE might move the production out of malaysia... locals loss job.. GDP\export figure comedown 5)JDE might close oldtown kopitiam.. no more lunch at oldtown...
just like Musang King durian, when we malaysian supported the fruits, they forget about us after they found the footing in foreign country... now malaysian need to pay so much to taste musang king. same as old town, later malaysian expect to pay RM10 and above to enjoy a cup of old town white coffee... malaysian screw malaysian...
Starbuck .... this company is growing fast in China. Those wishing to invest into this company should just look at the parent company, Starbuck. Growth will be driven by its rapid growth into China.
Jacobs Douwe Egberts Holdings Asia NL B.V. PRE-CONDITIONAL VOLUNTARY CONDITIONAL GENERAL OFFER ANNOUNCEMENT
4.1.2 Save for the interim dividend of 3.0 sen per OldTown Share in respect of the financial year ending 31 March 2018 announced by the Board of the Offeree on 29 November 2017 to be paid to entitled shareholders of the Offeree on 2 February 2018 (“February 2018 Dividend”), if the Offeree declares, makes or pays any dividend and/or other distribution (“Dividend”) on or after the date of this Pre-Conditional Offer Announcement but prior to the closing date of the Offer (“Closing Date”) and the Holders are entitled to retain such Dividend, the Offeror may reduce the Offer Price by the amount equivalent to the net Dividend per OldTown Share which the Holders of such Offer Shares are entitled to retain.
Takeover price is at RM 3.18.So why the hurry to sell at 3.18.The stock price will move higher towards the offer price.Just wait for further development.
We posted this article about the harsh reality of takeovers for Oldtown. Not sure why the site did not include in the headlines. Here is the link to the original!
look at it this way, without the takeover, Oldtown will only be about rm2.50 (compared to 3.08 now). Oldtown was hovering at 2.50, until insider did illegal INSIDER TRADING started buying about 1+ weeks ago.
Posted by jenngu > Dec 12, 2017 07:51 PM | Report Abuse
My view is since someone has offered 3.18, at least it is worth this much now. For me, there is no hurry to sell a this juncture. Besides, it is a performing company, still a good investment for long term if the deal didnt go through.
lol 3.08 so low,new management ,road to rm4,fast in,gogo
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Posted by Tai KT > 2017-12-12 10:25 | Report Abuse
I think it will be an egm for the privatize. playing use you right to vote.