Practice Makes Perfect

Eng Teknologi Privatisation - Still a BUY Call?!

Chin Kok Tan
Publish date: Mon, 26 Sep 2011, 09:32 PM
Welcome to CK's Mergers & Acquisitions Theme Park - The BEST Has Yet to Come!
CK>> Still a BUY call for me, potential 28% gain if privatisation deal get thru. Dropped 10 cents today, the steepest drop since takeover news was announced on 18-July. About to drop back to the price before the announcement of privatisation.



What happened to ENG's share price today? Who were those who sold and pressed down the share price since morning? A quick view here (look carefully on those highlighted in yellow box):














CK>> Someone seems like very happy, keep pushing share price from 2.05 to 1.96 with only 1 lot for each transaction @_@'''

So, privatisation is going to be aborted and panic selling observed in ENG today? Big shareholders are disposing their shares today? It seems like someone is playing to create a fake "panic selling".

Don't worry, perhaps all the questions above are not valid and have no strong & solid proof. Why? A picture paints a thousand words.

















CK>> Ask yourself the following questions:
1) Where are those high volume goes (as circles in blue above, from mid July to early August)?
2) Is there any panic selling today or last week? Compare the volume as displayed on graph above, so obvious.
3) Who will run first if the takeover deal is going to be aborted?

Haha, just BUY~ But I have no more $$$ for it @_@'''
Discussions
Be the first to like this. Showing 3 of 3 comments

suhayryz

hahaha.. i agree. the price is drop, but the volume is still there. u can reconfirm with accummulation/distribution and volume MA

2011-09-27 00:17

mancon

Simple logic, if the share is good, why would it drop ? If I want to take over, I would only need the controlling stake 51%, whats traded in the market is only PLAY... nothing more. Theres not going to be mandatory general offer

2011-09-27 11:37

Tan Chin Kok

Hehe, the person who wanna takeover ENG is Mr. Teh (CEO, major shareholder & FOUNDER of ENG). Here are the reasons as he mentioned:
(1) Continued undervaluation from market since listing.
(2) Privatisation will enable ENG to be more competitive as it grows larger.
(3) No longer be bound to the funding requirements of a listed company such as dividends and other commitments.

Those are the reasons why Teh & his wife setup new company called
TYK Capital to takeover ENG. There must always be A-Z reasons why a CEO/Founder/Major Shareholder wants to privatise his/her own hard builded and went public listed company~~~ :)

Wish me luck~ Yes, simply luck~

2011-09-27 21:51

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