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2,775 comment(s). Last comment by Jonathan Keung at Jan 20, 2021 11:14 PM
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TheContrarian
6203 posts

Posted by TheContrarian > Jan 20, 2021 2:57 PM | Report Abuse

It's a SCR lah, LTAT not buying, go buy a copy of The Edge Weekly and read properly. In a SCR the minority shareholders vote whether to accept the selective capital repayment (SCR) which requires 75% yes votes. If the SCR is approved by the minorities Boustead will pay out to all shareholders except LTAT. Boustead will then be 100% owned by LTAT.


andyvin07
96 posts

Posted by andyvin07 > Jan 20, 2021 3:58 PM | Report Abuse

something is brewing...price increase and gap up but transacted volume is still not big. People still holding tight for a good announcement.


TheContrarian
6203 posts

Posted by TheContrarian > Jan 20, 2021 3:58 PM | Report Abuse

When the formal announcement comes Boustead shares price might go GAP UP or gap down or flat ........ it's a trap.


Plantermen
1010 posts

Posted by Plantermen > Jan 20, 2021 4:06 PM | Report Abuse

SCR { selective capital reduction and repayment scheme of arrangement } takes app 10- 12 months to be implemented from their date of submission. Using Degem application { SCR } to Bursa last year. Their application to Bursa to delist via SCR was submitted in Sep 2019. Degem was last traded on Bursa on 5 June 2020 at 1.09 .Degem was delisted in July 2020 at 1.10. Whether SCR or otherwise LTAT will opt for the fastest route based on their needs. Just my 2 sen take on the Boustead saga


TheContrarian
6203 posts

Posted by TheContrarian > Jan 20, 2021 4:11 PM | Report Abuse

Have to wait one year. It's a trap.


Condom004
165 posts

Posted by Condom004 > Jan 20, 2021 4:44 PM | Report Abuse

Canot compare Degem and Bstead lar...somemore now all dunno offer price


TheContrarian
6203 posts

Posted by TheContrarian > Jan 20, 2021 4:51 PM | Report Abuse

Wear condom for protection from Covid-19.


BousteadInvestor
114 posts

Posted by BousteadInvestor > Jan 20, 2021 5:05 PM | Report Abuse

announce 70 sen gap down to 67 sen?


TheContrarian
6203 posts

Posted by TheContrarian > Jan 20, 2021 5:07 PM | Report Abuse

Announce 7 sen, gap down to 6.5 sen.


BousteadInvestor
114 posts

Posted by BousteadInvestor > Jan 20, 2021 5:13 PM | Report Abuse

is a trap


TheContrarian
6203 posts

Posted by TheContrarian > Jan 20, 2021 5:18 PM | Report Abuse

Yessss, it's a trap.


Condom004
165 posts

Posted by Condom004 > Jan 20, 2021 5:46 PM | Report Abuse

Stock market..most pantang is 自以为是 like today new Ipo Hpp holding..din dare to buy while 0.52 ..closing 0.7


Condom004
165 posts

Posted by Condom004 > Jan 20, 2021 6:07 PM | Report Abuse

last round election Dsonic court case i cut loss my Dsonic warant:0.095 ..only Mr W call me dun scare and should average..finally i din listen .. after 2 day rocket up..this round Mr W also got Bstead..he din sell and say worst senario is din privatise only mah..


TheContrarian
6203 posts

Posted by TheContrarian > Jan 20, 2021 6:10 PM | Report Abuse

Yes, don't be scared. Think of best case scenario : Boustead do a SCR at RM4.50. Wow 60,000 plus shares would be worth over RM270,000. Wow, wow, wow.


TheContrarian
6203 posts

Posted by TheContrarian > Jan 20, 2021 6:18 PM | Report Abuse

Condom004, you should change your ID to Condom888. 4 in hokkien sounds like the word die.


Jonathan Keung
2515 posts

Posted by Jonathan Keung > Jan 20, 2021 6:21 PM | Report Abuse

Best & worst case scenario offer price fixed betw 80 -1.00 { LTAT }


Condom004
165 posts

Posted by Condom004 > Jan 20, 2021 6:24 PM | Report Abuse

Now i see only got two paper&plastic stock not yet goreng up ...fundamental strong ..other like Pphb Orna Scgm Daibochi Boxpak Muda Tomypak all too high..Even Asiafile also up jo


TheContrarian
6203 posts

Posted by TheContrarian > Jan 20, 2021 6:31 PM | Report Abuse

@ Jonathan, SCR minimum offer price has to be 95 sen because in the offer document they have to state that it is at a premium over the highest market price in the last 12 months. But RM1 would appear to be more appealing figure. If the RM1 offer price is not acceptable to the minority shareholders and they make noise about it then the offer price would be likely be revised upwards to RM1.10 because they don't want the privatisation to fail.


BousteadInvestor
114 posts

Posted by BousteadInvestor > Jan 20, 2021 8:31 PM | Report Abuse

can’t do 700 or 650?


TheContrarian
6203 posts

Posted by TheContrarian > Jan 20, 2021 8:35 PM | Report Abuse

700 is possible, gap up to 650.


Condom004
165 posts

Posted by Condom004 > Jan 20, 2021 8:37 PM | Report Abuse

Got other cheap stock recomend that something like this kind company waiting privatising one? s


TheContrarian
6203 posts

Posted by TheContrarian > Jan 20, 2021 9:23 PM | Report Abuse

Got several candidates for possible privatisation but don't know when the major shareholders will make the move. You must have deep pocket and patience. My first success was MAA (made over 70% gain), second was TA Enterprise (30% gain) and this month FGV (only 10% gain).


Condom004
165 posts

Posted by Condom004 > Jan 20, 2021 9:51 PM | Report Abuse

STAR how?


TheContrarian
6203 posts

Posted by TheContrarian > Jan 20, 2021 10:21 PM | Report Abuse

I haven't monitored Star, so can't comment.


Jonathan Keung
2515 posts

Posted by Jonathan Keung > Jan 20, 2021 11:14 PM | Report Abuse

Contrarian: yup. The price need to be higher . Just wait for the good news

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