any reason for this ? just contemplating on this stocks also

It is all over for SPsetia saga!

http://www.themalaysianinsider.com/busines...selling-shares/

PNB has certainly upstage LKS...

S P Setia has yet to receive a competing offer from other interested parties to purchase the company’s shares and warrants following the
proposed takeover by Permodalan Nasional Bhd (PNB). The property developer said on Wednesday, Oct 12 that “as at todate, there has
been no competing offer”.

just let go SP Setia and join the Fry for UOADEV!!!!..the answer to SP Setia as investor's darling for capital gain and possible dividend!!!!

SP Setia share price won't go beyond RM3.90 unless got new higher offer from other competitor. Just curious, how much needed to buy the entire SP Setia?

More news about SP Setia

http://klse.i3investor.com/quoteservlet.jsp?sa=ss&q=SPSETIA

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Added on December 13, 2011, 11:23 amEm, so silent for SP Setia..... the price still moving in the range of 3.8 to 3.9. It never break 3.90 because that is still the price offered by PNB to take over.

For the last week report, SP Setia still having the good sales performance and profit. Also, the sales forecast is 4 billions for 2012 and the land bank that they having will make them busy for the next 10 years and the land value will be appreciated over the time.

Their future project will be Semenyih Eco City, that is going to be another booming.

For me, SP Setia's share price will go up because RM3.90 offer price is really under value. PNB will be no choice to raise the price in order to hold Mr.Liew and his management team. Or, Liew found another buyer for higher price where i think he is still doing right now.

Liew still very active to grow SP Setia as we can see the activities in Singapore, Australia and Vietnam. Also, they are seeking opportunity in London too.


I think it is psychology where ppl still waiting for clearer picture. But by the time the thing is clear, it will be too late as the price will be pushed up. SP Setia is a steady stock (because of steady management team ), the price don't fluctuate much and grow very steady.

I quite like property investment as the risk is lower but need huge up-front money. So, buying a good property stock could be another alternative where i still can have liquidity instead of buying physical property.


Read the past news and share price chart movement for SP Setia: http://klse.i3investor.com/quoteservlet.jsp?sa=ss&q=SPSETIA


Another news is TA just put Price Target for SP Setia (Buy, target RM4.44)

http://klse.i3investor.com/servlets/ptres/5611.jsp



This post has been edited by machoman_13: Dec 13 2011, 11:23 AM

Just got my re-imberstment to my SPSETIA shares. I noticed the price drop today. What happens for those who didn't sell @ 3.95 ?

SPsetia good chance to buy now.

it seems like the prive bounce back..up up !!!

Just for sharing, SP Setia is doing some share placement with minimum purchase of RM1million and discount price of 7% from market price for clients.
It is going to be hell lots of shares float and heavy selling pressure will occur soon.
Share price will drop below RM3 after share allocation completed.
my 2 cents view.

Thanks for sharing. Good info indeed.

have them fixed the placement price yet?

Placement price will be 5-Day average before closing. Estimate about RM3.04 based on recent price movement.
Estimated shares credit on 24th December 2012.
Free Float of shares will increased from currently 20.7% to 31.0% and upto 35.8% if all ESOS/Warrants are exercised.
If i were the client sure i will immediately sell to materialized the 6% profit (after taking 1% brokerage) if possible.
SP Setia dividend yield is about RM0.11 a year / 3.6% based on current price.

thanks!

aiyo, i sold it at 3.05, now....3.16,

This post has been edited by tnang: Dec 12 2012, 03:55 PM

latest news, the SP Setia share placement has been postpone till mid of Jan 2013.
Please take note.

means?

Initially Tan Sri and PNB is disposing their shares via private placement of minimum block RM1million, with discount from market value and to get total of RM1b to fund project in UK.
the date of completion expected to by end of this month, where the most possible impact is heavy selling pressure due to realizing the profit.
now it has been postpone to mid Jan 2013.

so the delay will cause the selling pressure reduce ah ?

sorry for asking such a noob questions

This im not sure lah.
But at least you guys know agak agak when is the day that selling pressure start happening (very likely)
and im not a pro bro....

we r the market student !

thank you for your kind explanation