Maxis offered RM15.60. I have some Maxis shares previously and the accepted the offer. During tat time, market still quite ok so the offered price is acceptable.
I have some of my friend who rejected the offer and later sell direct to his broker at 15.80. Later Arab bought maxis shares in overseas..
In Uembldr case, its price drop from about 1.90 - 2++ to lowest 0.95+/- den slowly climb up back to 1.36 +/-. The offer from UEM is only RM1.42.
It was during the market crash time and its easy for UEM offer to get accepted as many shareholders already wanted to exit.
At current price, zelan 0.56.. it will be very cheap if MMC plan to privatise it.
MMC have denied any plans to privatise or inject Zelan with MMC Engineering last year.
http://www.mmc.com.my/content.asp?menuid=1...ouncementId=394http://tobeasuccesstrader.blogspot.com/200...n-nov-2008.html"Financial Health …
Zelan’s net cash and short term current investments amounted to RM115 million as of Sept 2008, after deducting its total debts of RM93 million. On top of that, it holds 82 million shares or 9.57% stakes in IJM. The stake was worth Rm205 million based on closing price of Rm2.50.
Zelan’s net cash, its current investments and the IJM stake amounted to RM320 million or about 57 sen per share. The company does not have warrants or convertible loan stocks outstanding that could dilute its share price."IJM closing price last friday was RM 3.58 compare to last year Nov which is only rm2.50... tat time Zelan price drop to 0.78.
It seems weird as Zelan's current IJM shares price value have increase by rm1 from last year but Zelan shares still plunge to 0.56..
Drop about 80%. I feel some1 is pushing down Zelan price either foreign sharesholder, big pocket tycoon or panic sell from minority sharesholder.
QUOTE(cherroy @ Mar 8 2009, 04:37 PM)
Maxis being privatised at around Rm15 if not mistaken.
Your won't lose money in the privatisation process, they will acquire the share from you at a price, but if your initial buying price of the share is higher than privatisation price then you will lose the money even though the company has good future.
Privatisation process is not be a surely smoothly process, if offer price too low, shareholders might not agree to sell their stake, eventually privatisation won't be succeeded.
Yup, for normal and well managed company, the company doesn't bother the share price of the company, it doesn't affect the company business operation at all, except company need to raise capital through right issue etc.
It is very difficult to secure finance backing from banks for privatisation in current situation. Even for the like Airasia is not able to secure financing for its privatisation as reported previous. So even though share price is low which enable to privatise it cheaply, but financing is the most problematic part for those interested to do so.
Immediate potential privatisation target is Resort. Because Resort is holding significant amount of cash and with significant positive cashflow from operation each year, those privatised it can access and utilise the cash for their own usage which amounted 4 billion +
But Resort price tag won't come too cheap, as even at Rm2.00 and with share issued of near 6 billion, they need to come out 12 billion or more, because if they offer 2.00, I don't think they will succeed. So any amount below 15 billion, don't think privatisation can easily be taken place.
Mar 3 2009, 09:26 PM
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