Post Reply 
Indofood offers $1.12 per share for China Minzhong
Author Message
02-09-2013 08:01 PM
Post: #11
afktan Offline
Senior Member

Posts: 997
Reputation: 8
GO price is lower than IPO price, yet indofood shareholders clearly are not happy about this (indofood down ~10% today).

I wonder who got the bargain in the end?
Find all posts by this user Quote this message in a reply
02-09-2013 08:08 PM
Post: #12
cala Offline
Elite Member

Posts: 10,350
Reputation: 39
GO by Indofood definitely save China Minzhong from a lot of troubles. It's a confidence vote from Idofood which will help China Minzhong avoid losing financial credibility with banks and finance companies.

"Germany's Weimar Constitution was changed into the Nazi Constitution before anyone knew," "It was changed before anyone else noticed. Why don't we learn from that method?"
--------- Taro Aso
Find all posts by this user Quote this message in a reply
02-09-2013 08:53 PM
Post: #13
tangowhisky Offline
Senior Member

Posts: 989
Reputation: 6
Why they offer $1.12 when they can do nothing first, then quietly scoop up at half the price???
Find all posts by this user Quote this message in a reply
02-09-2013 08:57 PM
Post: #14
cala Offline
Elite Member

Posts: 10,350
Reputation: 39
(02-09-2013 08:53 PM)tangowhisky Wrote:  Why they offer $1.12 when they can do nothing first, then quietly scoop up at half the price???

It's not worth buying a company which has lost banks' and finance companies' confidence.
Confidence and credibility are very important in the world of business.

"Germany's Weimar Constitution was changed into the Nazi Constitution before anyone knew," "It was changed before anyone else noticed. Why don't we learn from that method?"
--------- Taro Aso
Find all posts by this user Quote this message in a reply
02-09-2013 09:11 PM
Post: #15
tangowhisky Offline
Senior Member

Posts: 989
Reputation: 6
(02-09-2013 08:57 PM)cala Wrote:  It's not worth buying a company which has lost banks' and finance companies' confidence.
Confidence and credibility are very important in the world of business.

Their action seem more on punishing the short seller than wanting to take the company private.
Find all posts by this user Quote this message in a reply
02-09-2013 09:25 PM
Post: #16
afktan Offline
Senior Member

Posts: 997
Reputation: 8
(02-09-2013 09:11 PM)tangowhisky Wrote:  Their action seem more on punishing the short seller than wanting to take the company private.

Its to save their investment, they already got nearly 30% in this thing before it blew up, the GO is effectively a "doubling-down" (or triple down) strategy.
Find all posts by this user Quote this message in a reply
02-09-2013 09:57 PM
Post: #17
gambler Offline
我是赌圣

Posts: 1,865
Reputation: 12
(02-09-2013 09:11 PM)tangowhisky Wrote:  Their action seem more on punishing the short seller than wanting to take the company private.

then how ? just let the ang mo short and earn???

Why gamble in casino when you can gamble in the stock market? Tongue
Find all posts by this user Quote this message in a reply
02-09-2013 10:16 PM
Post: #18
tangowhisky Offline
Senior Member

Posts: 989
Reputation: 6
(02-09-2013 09:57 PM)gambler Wrote:  then how ? just let the ang mo short and earn???

Looking at the open price, they definitely fare better than Olam Big Grin
(This post was last modified: 02-09-2013 10:23 PM by tangowhisky.)
Find all posts by this user Quote this message in a reply
02-09-2013 10:32 PM
Post: #19
ah pan Offline
Baby

Posts: 6,922
Reputation: 15
(02-09-2013 08:53 PM)tangowhisky Wrote:  Why they offer $1.12 when they can do nothing first, then quietly scoop up at half the price???
very dark one, darker on the edge .... Laughing:

they could mop up every share before halt at 50+ cents, then short today and get some more, later this week then announce also not late mah .... Rolling on the flor laughing:

Everything will be alright in the end, so if it is not alright it is not yet the end ....

Find all posts by this user Quote this message in a reply
02-09-2013 10:54 PM
Post: #20
starbugs Online
Senior Member

Posts: 706
Reputation: 6
(02-09-2013 08:53 PM)tangowhisky Wrote:  Why they offer $1.12 when they can do nothing first, then quietly scoop up at half the price???

They already hold close to 30%. Once shareholding crosses 30%, they have to launch a takeover according to Singapore rules.

The GO price must also be not lower than the price paid in the last 12 months, so Innofoods has no chance to accumulate on the cheap.
Find all posts by this user Quote this message in a reply
Post Reply 

User(s) browsing this thread: 1 Guest(s)

Possibly Related Threads...
Similar Threads Author Replies Views Last Post
Is a director, share holder n CEO of a pte ltd company consider self employ? NukePower 16 291 Yesterday 04:41 PM
Last Post: blackjack21trader
GALLANT VENTURES - WHAT NEWS SPUR SHARE RALLY TODAY????????????????? DavidVilla 0 84 16-04-2014 07:02 PM
Last Post: DavidVilla
Sperm donor offers free sex to childless women bloom 9 751 15-04-2014 08:04 AM
Last Post: Casanova
GIKEN MOU IN RELATION TO THE PROPOSED ACQUISITION OF 51% OF THE SHARE CAPITAL jiro 0 64 12-04-2014 07:53 AM
Last Post: jiro
Gems TV Holdings exit offer price per share TuscanSun 10 500 11-04-2014 08:53 AM
Last Post: Casanova

Forum Jump:




  About | Contact Us | # Rules | RSS