This is bad news if it really happen! Really unfair to shareholders to takeover at current price!

---

Added on September 28, 2011, 11:04 amdigi tak ada drop also wanna rebound!

This post has been edited by yok70: Sep 28 2011, 11:04 AM

bull watching dow futures.... indecisive which direction to go.

timecom's 20% discount price for Time shareholders is 0.53, and now it's 0.465.

KUALA LUMPUR: Permodalan Nasional Bhd is offering RM3.90 per S P Setia Bhd share under its proposed takeover exercise, which is 40 sen above the last traded price of RM3.50.

Maybank Investment Bank Bhd said on Wednesday, Sept 28 at RM3.90 per share, this was a premium of 21.50% or 69 sen above the five-day volume weighted average price (VWAP) of RM3.21. PNB also offered 91 sen per warrants, which was a premium of 45 sen or 97.8% to the last closing price of 46 sen.

http://www.theedgemalaysia.com/business/19...etia-share.html

I think the offer price is pretty much confirm, just waiting for spsetia to say yes and then the "not so powerful" small shareholders voting. we sold too fast yesterday! i sold off 25% of my entire holding yesterday.

This post has been edited by yok70: Sep 28 2011, 12:45 PM

bought at high price few months ago. so now only left kacam puteh profit.

VERY UNHAPPY INDEED!!!
I bought the warrant for the hope of price rebound by 2013, not now! the "recession mood market"!!! how can they privatize at such time but giving at depressed price?! really treat loyal shareholders as trash! Not much difference from VT lah! Sian jor! Losing faith in holding stock for long term investment anymore. Even spsetia, i thought is great company, also treat shareholders as trash.
anyway, they still not yet confirm, i hope they reject.


This post has been edited by yok70: Sep 28 2011, 12:50 PM

In fact, when VT privatize his companies (cosway, bjretail), he offered on a very high premium price to market price. That's exactly the original reason to privatize it -- since it's highly undervalue! So now i think, holding long term on VT's cheap cheap companies is much better. Privatize spsetia at 21% premium price at current depressed market after its share price dropped 20%?? That simply means privatize at 1% premium lah! What the #@$!@$!@$

Holding a company hoping for its stunning future growth is no longer valid in Bursa. Have to start looking elsewhere now. Sian jor.

This post has been edited by yok70: Sep 28 2011, 12:59 PM

this i dunno. i hope they reject.

eat with dignity lah. don't eat like fox mah!

my mistake. i apologies to them (for now). please, reject it!!

---

Added on September 28, 2011, 1:03 pm

This post has been edited by yok70: Sep 28 2011, 01:03 PM

big fish eating small fishes laughing to the bank. malaysia still bolehland.
sign~~~~

---

Added on September 28, 2011, 1:41 pmwb gearing is 7x, so practically, it should be 21.5*7=150% to be fair!
so the deal is totally unfair for warrant!

This post has been edited by yok70: Sep 28 2011, 01:41 PM

with such a depressed offer price, no happy.

....+ at a depressed low price.

china needs 10 yrs?? wow, you are really bearish! i'd say 3-5 yrs. so i'm super bullish then. now the situation is like: china up, others down. so the gap is accelerating.

This post has been edited by yok70: Sep 28 2011, 01:57 PM

mahsing?

correct, better be cautious all the time.
i am planning to start accumulating china index ETF every qtr after EU + US issue stabilize.

---

Added on September 28, 2011, 2:02 pmso if the minority shareholders vote "no", also the deal cannot successful? really? we so powerful?
can wb warrant holder vote?

This post has been edited by yok70: Sep 28 2011, 02:02 PM

wanna ask, how exactly it works?
contracts got different expiry dates and same price (RM5000 each)? if so, everyone will be buying those with longest expiry date?
so anytime before expiry date, can sell the contract and get the profit/loss?
anyone familiar with trading future contract here?

world market is shaking today. dunno look up or look down...

I read that thread but can't find answer. sorry to ask further here.
so the contract is on monthly basis?
if i buy sept contract, i must sell it in sept?
if i buy oct contract now, can i sell it in sept?
is sept and oct contract same price?

thanks!!

This post has been edited by yok70: Sep 28 2011, 03:30 PM

i feel today bull is a bit stronger.