Zultrades87Is realy..woaw..goodfeelig u athink Jay. So im see je' today..
Jayread it carefully, they intend to maintain the listing status.
it's just a mandatory takeover, they don't want to buy your shares, maybe that's why they time their announcement to push up the price so that nobody will accept their offer
Kris Wongnet asset per share 45 sen but takeover price only 8.12 sen ?
B4b4Maybe 8.12sen is fair price. If too high price, very difficult to find a buyer . Someone take over the company inject new funds, then the stock will move up much higher. My 2 cents idea.
B4b4Hi JackMa123, just curious about this stock. Looking for new opportunities to invest.
B4b4Scomi 7158 is also in my radar with IJM as their major shareholder. Scomi certainly good , looking at upward trend soon.
Ultrainvestorwow, this will be interesting to see today "The formula for the NAVPS is simply:
NAVPS = (assets - liabilities) / number of outstanding shares
Read more: Net Asset Value Per Share - NAVPS http://www.investopedia.com/terms/n/navpershare.asp#ixzz4YWINRXDA ". That offer really want to maximize whatever profits they have planned to get in the future.
Kris WongKelvin, u may got a point on this matter if the takeover offer is triggered by the ICULS conversion !!! if can, U should report it to Bursa ASAP
Kris WongAlso ask Tanco &/or Bursa to explain how they arrived at an offer price of 8.12 sen and not the ICULS converson price of 20 sen !!!
Kris WongExcellent & TQ Kelvin !!! But note that this is Bursa normal standard reply n need a lot of follow up effort
UltrainvestorInteresting, in the latest QR the Net Asset Value has been reduced to 41 cents.
ryan7642Actually is good buy at 0.08 range which highly likely will be like Shell case majority shareholders reject n revise price above 0.1..from my point of view the NAV 0.4 at least the price worth 30-40% of it kua..some more the PD got plenty gold land there to develop n JV with other developer..just my point of view la happy investing^^
ryan7642anyway i will just buy n hold surely big % margin play via this counter^^ 0.083 vs 0.3 is huge diff therefore price revise is just matter of time...Happy investing^^
ForwardInvestorGood candidate for Corporate vultures to raid this stock. Free float 40+% Tan family and group not controlling group.
richkidFrom 8 sen to 12 sen 50% fibonacci reached...Time to take some profit. TANCO thanks...hahahaha!
Buy1sell2Hey..richkid you target this counter ? So fast make 50%. I thought can still go in you already so fast take profit. I think I sudah trapped lah...I bought 11.5 sen...still can go up??? Boleh tahan?? Hope they don't go down so fast...if not I burnt...
richkidYeah..this counter is a bit speculative today. I always try not to be so greedy. 50% is not bad. So take a bit of profit first as this is a major fibonacci point. Another point is at 14 sen and 16 sen. So watch out for it. Keep some bullets. You never know when those contra players will start selling.
FX LeeTanco: Minority shareholders urged to reject offer. Tanco Holdings’ independent directors and adviser have advised minority shareholders to reject the takeover offer by the company’s major shareholders. In a circular posted to the exchange, independent adviser BDO Capital Consultants SB deemed the proposed takeover offer as “not fair but reasonable”. “Although the offer can be deemed reasonable, BDO is of the view that the ‘not fair’ view outweighs the ‘reasonable’ view, as the share offer price and RCN offer price represent a significant discount of 73.4% against the estimated fair value per offer share of 30.54 sen and the estimated fair value per offer RCN of RM6.108, respectively. Accordingly, BDO recommends that shareholders reject the offer,” BDO said. (StarBiz)
ryan7642Yea baby!!!manage take my 30% above profit within wks^^tqtqtq <3
hklcheng7 million q to sell suddenly happen...up mode come ;p
eatsmallMANDATORY TAKE-OVER OFFER - what is this or how to react to this..do i need to sell my shares to open market now..or else my shares gone..is this same as privatisation..?? no more TANCO..
JackMa123See, i has suspected they will extend the date. Lolx
Ilovesharewhat does it mean by MANDATORY TAKE OVER OFFER? good or bad news to investor?
FX LeeThe Board of Directors of the Company wishes to announce that the Company has today received the attached press notice from Mercury Securities, on behalf of the Joint Offerors, informing that the closing date and time for acceptance of the Offer has been extended from 5.00 p.m. (Malaysian time) on 24 March 2017 to 5.00 p.m. (Malaysian time) on 7 April 2017. Notice of the said extension will be despatched to the Holders accordingly.
Please refer to the attached press notice for further details.