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StockGod
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« on: September 03, 2011, 04:27:05 PM » |
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Both hold more than 10%, and instead of launch General Offer for around RM1.80 per share like Kathy Fong (the Edge) stated, incorporate a company to share swap with E&O shareholders and take over E&O listing status. It is stupid to pay so much for E&O but with share swap, can offer at up to RM2.10 per share.
With more 10%, they just need another 40% acceptance to delist E&O. As a non-listed entity, the new holding co can suck all the money into new listed co without giving any return to Sime 30%. Sime will be forced to do a General Offer in cash or else their so call RNAV will be equal to zero.
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Malaysia's Biggest Investment Forum
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« on: September 03, 2011, 04:27:05 PM » |
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StockGod
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« Reply #2 on: September 03, 2011, 05:02:53 PM » |
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Did u notice Sime justify paying RM2.30 because it represents 20% discount of RNAV?
Then it goes on to state its expertise as township developer only yield 20% - 25% while niche developer like E&O can yield more than 30%.
Paying at 20% discounts of E&O RNAV, isn't it bringing the return from this investment to 20% margin? And if the RNAV is before tax, the return will be even lower than 20%, worst that its township margin. What about the time value of money? Putting in FD, RM700m can generate RM21m per annum. Taken into account in the RNAV?
The 70% shareholders should work out a scheme to force Sime to buyout at RM2.30. Based on report, Sime only ask for continuing service of Datuk Terry Tham but didn't state they can not sell their remaining shares.
So, ECM Libra & Tan Sri Azman Hashim, two of you with investment banking arms should be able to easily formulate a scheme to force Sime to buyout the remaining shareholders at RM2.30. Show Sime your capability bros
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dali victim
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« Reply #4 on: September 03, 2011, 08:13:21 PM » |
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use brain la. sime already the single largest shareholder in E&O...
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StockGod
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« Reply #5 on: September 03, 2011, 09:13:33 PM » |
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use brain la. sime already the single largest shareholder in E&O...
Sime 30% only 31% is more than 30% ? |
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dali victim
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« Reply #7 on: September 03, 2011, 09:28:36 PM » |
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walao...how old are u ah? are u new to malaysia? u just landed malaysia from outerspace isit? who dare to challenge Sime? challenge Sime is challenge govt lar. ******!!!!  |
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Dorky
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« Reply #8 on: September 03, 2011, 09:36:25 PM » |
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dali victim
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« Reply #9 on: September 03, 2011, 09:37:54 PM » |
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ok sifu, but i learned from u mah. now what should i do? dont simply call ******? under what circumstances i call and dont call? sifu. |
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ikan Besar
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« Reply #10 on: September 03, 2011, 09:39:33 PM » |
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dali victim
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« Reply #12 on: September 03, 2011, 09:41:11 PM » |
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no wonder la... was talking to alien... |
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Dorky
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« Reply #13 on: September 03, 2011, 09:41:36 PM » |
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ok sifu, but i learned from u mah. now what should i do? dont simply call ******? under what circumstances i call and dont call? sifu.
Your question is too deep. Dorky don't know how to answer.  |
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StockGod
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« Reply #14 on: September 03, 2011, 09:58:45 PM » |
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walao...how old are u ah? are u new to malaysia? u just landed malaysia from outerspace isit? who dare to challenge Sime? challenge Sime is challenge govt lar. ******!!!! u work for Sime? I think u must be very young. U are not aware that Sime tried to hostile take over Palmco Holding but lost to IOI. |
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dali victim
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« Reply #15 on: September 03, 2011, 10:00:33 PM » |
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u work for Sime? I think u must be very young. U are not aware that Sime tried to hostile take over Palmco Holding but lost to IOI.
i m almost double ur age la.... almost har. palmco...u know how much IOI is spending to win back or not? i know ppls in sime and also know how influential they r, until no lawyer dare to take up any legal case against them. |
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Dorky
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« Reply #16 on: September 03, 2011, 10:04:11 PM » |
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i m almost double ur age la.... almost har. palmco...u know how much IOI is spending to win back or not?
i know ppls in sime and also know how influential they r, until no lawyer dare to take up any legal case against them.
Like those billion dollar Sime misinvestment fraud case ah. All the managers involved let go scot-free ah. Must be government connected lar. C!bai government. |
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StockGod
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« Reply #18 on: September 03, 2011, 10:06:37 PM » |
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i m almost double ur age la.... almost har. palmco...u know how much IOI is spending to win back or not?
i know ppls in sime and also know how influential they r, until no lawyer dare to take up any legal case against them.
if ECM Libra and Tan Sri Azman Hashim don't sell, then there is hope they will attack. If the sell, E&O game over if IOI can do that, why can't ECM Libra and Tan Sri Azman Hashim launch a counterattack to maximise the value of their investment in E&O? Since u know the people in Sime, boleh let us know why Sime so stupid, paid so much for E&O? |
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all33
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« Reply #19 on: September 03, 2011, 10:07:05 PM » |
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wah...now few days u all talk abt E&O, u all got buy or not? no just say only but no buy in, but must buy early coz next week is sell week ok
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dali victim
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« Reply #20 on: September 03, 2011, 10:08:55 PM » |
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ok, after u, when u kick the bucket, pls inform me hor. then only i see how. |
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all33
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« Reply #21 on: September 03, 2011, 10:09:54 PM » |
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wait for rm2.00 then monitor closely....set ur botton line from their
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dali victim
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« Reply #22 on: September 03, 2011, 10:11:06 PM » |
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if ECM Libra and Tan Sri Azman Hashim don't sell, then there is hope they will attack. If the sell, E&O game over
if IOI can do that, why can't ECM Libra and Tan Sri Azman Hashim launch a counterattack to maximise the value of their investment in E&O?
Since u know the people in Sime, boleh let us know why Sime so stupid, paid so much for E&O?
stupid meh? that amt paid control the whole company wor, u think again la. wait til u go take a harvard mba then u unlestand the M&A logic la. no offence har, dont flame me har, my opinion onli la. |
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all33
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« Reply #23 on: September 03, 2011, 10:11:33 PM » |
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monday u all will goreng it coz u all now are interest on it  |
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« Reply #24 on: September 03, 2011, 10:11:41 PM » |
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Laughing Gor
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Investlah is your free Harvard Business School!
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« Reply #25 on: September 03, 2011, 10:17:10 PM » |
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The minority shareholders should come together and counter an offer for sime to takeover the whole company.
If the minority dun do it, they won't be able to get another better deal anytime soon.
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LG Investment Holdings 笑天集团
None, all sold out
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StockGod
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« Reply #26 on: September 03, 2011, 10:18:12 PM » |
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if i have 5% of E&O, i will be the first to launch an attack. No shares, not worth doing
Step 1 - incorporate a company
Step 2 - issue 10m convertible preference shares at RM0.01 per share, that's RM100,000. 1 preference share can convert to 1 ordinary shares
Step 3 - offer to acquire all E&O shares at RM2.10 per share by way of 1 for 1 share swap, subject to acquiring at least 51% of E&O
Step 4 - delist E&O
Step 5 - transfer all E&O assets to the holding co at book value or at RM1, leaving Sime RM0.30
Step 6 - list the new holding co
Actually, don't need to reach step 4, Sime would probably offer to acquire the remaining shares at RM2.30 via cash. Sime will not be able to accept the offer, as that would mean it will have to write off about RM70m lost and its shareholding will be diluted to below 30% due to the convertible preference shares.
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dali victim
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« Reply #27 on: September 03, 2011, 10:20:35 PM » |
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in real life, no banker would finance u. no authorities would approve ur proposal even u get the financing...
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StockGod
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« Reply #29 on: September 03, 2011, 10:22:23 PM » |
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in real life, no banker would finance u. no authorities would approve ur proposal even u get the financing...
hmmm... which part of my proposal need cash? Isn't ECM Libra and Tan Sri Azman Hashim bankers? |
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dali victim
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« Reply #30 on: September 03, 2011, 10:24:53 PM » |
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hmmm... which part of my proposal need cash? Isn't ECM Libra and Tan Sri Azman Hashim bankers?
do u know who is behind tansri azman? |
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StockGod
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« Reply #31 on: September 03, 2011, 10:27:31 PM » |
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do u know who is behind tansri azman?
do hope is Sime, so trigger MGO is it? |
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StockGod
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« Reply #32 on: September 03, 2011, 10:29:08 PM » |
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do u know who is behind tansri azman?
sorry, .... do u mean Awar? Physically behind? After Saiful, now TanSriAzman also being ride? |
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ikan Besar
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« Reply #33 on: September 03, 2011, 10:31:09 PM » |
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ringgityen
Moderator
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Posts: 1,993
Im hot..
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« Reply #34 on: September 03, 2011, 10:35:53 PM » |
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I've no idea why they want to buy E&O when their property division can survive without one. E&O earning is very unconsistence, plus the latest profit also mostly boasted by fair value gain rather than property development business. They should've bought Mahsing instead.  |
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>＞＞ 頑張ります
RM ¥ $ € £
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Don't have negative thoughts or things you cannot control. Instead invest your energy in the positive present moment. ~
C.I.HOLDINGS/MAHSING/MYEG/WINGTM/YTLP-WB
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dali victim
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« Reply #35 on: September 03, 2011, 10:38:34 PM » |
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I've no idea why they want to buy E&O when their property division can survive without one. E&O earning is very unconsistence, plus the latest profit also mostly boasted by fair value gain rather than property development business. They should've bought Mahsing instead. there is a reason....ask urself who stay in Penang? what type of ppls? who is incharge of penang? |
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arostock
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« Reply #36 on: September 03, 2011, 11:49:32 PM » |
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I've no idea why they want to buy E&O when their property division can survive without one. E&O earning is very unconsistence, plus the latest profit also mostly boasted by fair value gain rather than property development business. They should've bought Mahsing instead. Do u think mahsing shareholder wanna sell? Even E&0 Sime has to pay a premium of 54% above market value |
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StockGod
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« Reply #37 on: September 04, 2011, 01:39:21 PM » |
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let's hope E&O shoot up to RM2.00 on monday
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ikan Besar
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« Reply #38 on: September 04, 2011, 02:13:47 PM » |
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StockGod
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« Reply #39 on: September 04, 2011, 02:47:13 PM » |
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as long as ECM Libra & Tan Sri Azman don't sell, then is ok. Once they sell, run as fast as possible
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kittima
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« Reply #40 on: October 25, 2011, 08:34:34 PM » |
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Why just concentrate on what will happen in E&O, should thinking of taking position on ECM, if ECM sell the E&O at RM2.30 to SIME, than it should be gaining quite a lot.............
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simple-cheese
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« Reply #41 on: October 25, 2011, 09:26:21 PM » |
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I don't think SIME is interested to buy at RM2.30
In fact i don't think SIME is interested to trigger a GMO (they would have done it a long time ago if they really want to take over E&O)
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arostock
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« Reply #42 on: February 05, 2012, 08:37:18 AM » |
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walao...how old are u ah? are u new to malaysia? u just landed malaysia from outerspace isit? who dare to challenge Sime? challenge Sime is challenge govt lar. ******!!!! an on going court case sued by michael chow hold on tight to your e&o stocks |
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ckhkbursa
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« Reply #43 on: February 05, 2012, 09:33:05 AM » |
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