Post Reply 
Indofood offers $1.12 per share for China Minzhong
Author Message
2-9-2013 8:53 PM
Post: #11
tangowhisky Offline
Senior Member

Posts: 1,818
Reputation: 19
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
2-9-2013 8:57 PM
Post: #12
cala Offline
Elite Member

Posts: 18,801
Reputation: 47
2-9-2013 8:53 PMtangowhisky 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.

Life is short! Have fun, be merry and enjoy!
Find all posts by this user Quote this message in a reply
2-9-2013 9:11 PM
Post: #13
tangowhisky Offline
Senior Member

Posts: 1,818
Reputation: 19
2-9-2013 8:57 PMcala 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
2-9-2013 9:25 PM
Post: #14
afktan Offline
Senior Member

Posts: 1,923
Reputation: 9
2-9-2013 9:11 PMtangowhisky 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
2-9-2013 9:57 PM
Post: #15
gambler Offline
我是赌圣

Posts: 3,910
Reputation: 12
2-9-2013 9:11 PMtangowhisky 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? parrot
Find all posts by this user Quote this message in a reply
2-9-2013 10:16 PM
Post: #16
tangowhisky Offline
Senior Member

Posts: 1,818
Reputation: 19
2-9-2013 9:57 PMgambler 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: 2-9-2013 10:23 PM by tangowhisky.)
Find all posts by this user Quote this message in a reply
2-9-2013 10:32 PM
Post: #17
ah pan Online
Baby

Posts: 8,930
Reputation: 18
2-9-2013 8:53 PMtangowhisky 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 ....

Keywords: TEST
Find all posts by this user Quote this message in a reply
2-9-2013 10:54 PM
Post: #18
starbugs Offline
Senior Member

Posts: 1,799
Reputation: 12
2-9-2013 8:53 PMtangowhisky 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
2-9-2013 11:03 PM
Post: #19
Goodyear Offline
Elite Member

Posts: 2,146
Reputation: 3
Agreed...anyway, CMZ management not ready for any take over or let CMZ be privatized yet....the move is a calculated one to shoot the ang moh B-side red red and let them tengkor go horland only...teach a lesson.
Find all posts by this user Quote this message in a reply
2-9-2013 11:03 PM
Post: #20
tangowhisky Offline
Senior Member

Posts: 1,818
Reputation: 19
2-9-2013 10:54 PMstarbugs Wrote: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.

Thank for the info. Big Grin
Find all posts by this user Quote this message in a reply
Post Reply 

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

Forum Jump:

Contact Us | # Privacy Policy | # Rules | RSS | Back-to-Top