checking in
me -28 now
my turn to ask anyone worse than me?

GENM another counter closed in green
swung from lowest to closing price in a range of 24sen

How I wish it's only RM28
warrants form 30% of my portfolio only
but they are the worst hit
contributing 70% of my loss

Other markets up so much in terms of percentage
we can't even breached 2%
local investors still staying sideline look see look see?

now mother share price is almost on par with warrant+ex price already

So many MGOs lately
It's MGO for SP Setia

KUALA LUMPUR (Dow Jones)--State fund manager Permodalan Nasional Bhd has offered to buy the shares it doesn't already own in SP Setia Bhd (8664.KU) for MYR3.90 per share, said adviser Maybank Investment Bank Bhd.

The offer represents an 11.4% premium to SP Setia's closing share price Tuesday of MYR3.50 and values the Malaysian property developer at MYR6.94 billion ($2.20 billion).

Permodalan Nasional intends to maintain SP Setia's listing on Bursa Malaysia, according to the offer letter seen Dow Jones Newswires by Maybank.

The takeover offer is in accordance with Malaysian rules that require companies to make a general offer once their holdings in a listed company surpass 33%. Permodalan Nasional's stake in SP Setia rose to 33.2% after it bought shares on the open market recently, the offer letter said.


Our gomen really Boleh
eat up all the money making private companies

PNB's intention is still unknown
they might have real intention to take control on the board as the offer price of RM3.90 is conditional
provided they are able to obtain >50% acceptance
they might revise the price upwards if they really intend to take control

or they maybe just simply offer a price just to fulfill the obligation by Bursa's ruling
and let the offer goes down the drain after 21 days if the acceptance is less than 50%

we shall see

I also got confused initially, 100% take over yet remain listed? wtf
I would blame the information was not conveyed properly as it's a conditional offer in the end
or is it purposely done to create confusion?

I concur with u that our government always act like the country belongs to them
keep on eating up profit making good companies
and benefiting their cronies

panajiejie the way u wrote seems like u r a '肉食一族'
the very aggressive and initiative type
no offend, just being 'keh poh' a bit

The ball is now on the remaining 2 major shareholders: EPF & KWAP
If PNB+EPF+KWAP, already > 50% acceptance liao
being 'abang adik' ...

so the take over will go through even others objected
Tan Sri Liew also cannot do anything

That's Bolehland
anything that fits gomen's appetite, and can enrich their cronies
'ngeh ngeh lai'

MGO triggered
so have to make official offer for the remaining shares

panajiejie, ur panamy is giving a stellar performance today
Top gainer, very aggressive

too bad miss the boat to average down
still holding those bought @ 22.80

it's fully-owned by PNB
"MIDF Amanah Investment Bank Berhad (MIDF Investment) formerly known as Utama Merchant Bank Berhad, commenced operations in January 2007. It is a wholly-owned subsidiary of Malaysian Industrial Development Finance Berhad, which in turn is wholly-owned by Permodalan Nasional Berhad (PNB), the national investment trust company."

still dare to come out with research paper
thought people are stupid

Only PNB (perhaps our gomen) can answer your questions as the whole saga was started by them
their true intention is still unknown

Along the offer period which is 21 days, with 60 days extension optional
can they offer a revised price within that period?
If they were to offer, is it another 21 days from the date of new offer?

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Added on September 30, 2011, 2:58 pmI heard that also
that's our country, 阿公(朋黨)化私人產業
sad

This post has been edited by robinlim: Sep 30 2011, 02:58 PM

Well said

Due to the PNB-SPS saga
my portfolio turned from red to green on paper
(of coz the Tuesday rally helped a bit)

but why am I not feeling happy?