Practice Makes Perfect
Kencana + SapuraCrest Merger - Buy! Buy! Buy!
Chin Kok Tan
Publish date: Thu, 22 Sep 2011, 08:59 PM
Chin Kok Tan
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Welcome to CK's Mergers & Acquisitions Theme Park - The BEST Has Yet to Come!
CK>> Almost cannot believe my eyes when I first saw Kencana & SapuraCrest dropped to current share price level @_@'''. Nothing went wrong to them, progress of the on-going merger exercise is so smooth too, on top of that, quarterly results that released yesterday were damn strong and excellence too.
I believe the share prices of both stocks were pressed down by those weak retail shareholders who have just loss their patience and simply cannot wait. Patience is the main key in playing this kind of merger & acquisition theme, don't get panic when see the share price drop. In another way, you should see this as a golden opportunity to grab more. Don't panic in selling, merger is on-going, all went smoothly~
Conclusion>> Buy! buy! Buy! Accumulate in weakness! Accumulate!!! Go! Go! Go! Expecting 25% gain in 6-7 months, why not?
Wait! Why I bought SapuraCrest at 3.84 this morning? Erm, it is too tempting to see it at 3.80++ level, so I mah bought it lo~ Argh, I should wait and buy it at 3.60++ level. Mistake, haha~ But who knows it will drop to this level? Only Heaven knows.
In case you are not aware on what is going on here, and might think this CK must be crazy. Then take a look on the latest merger exercise announcement here dated on 21/9 (yesterday announcement from Bursa).
Link 1: SapuraCrest Announcement. http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/LsvAllByID/79309A92F080385548257912003FCDEB?OpenDocument
Link 2: Kencana Announcement. http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/LsvAllByID/7EE4D0443F85E3FC4825791200361935?OpenDocument
Link 3: Kencana Announcement in NanYang Daily.
http://www.nanyang.com.my/node/384531?tid=462
I believe the share prices of both stocks were pressed down by those weak retail shareholders who have just loss their patience and simply cannot wait. Patience is the main key in playing this kind of merger & acquisition theme, don't get panic when see the share price drop. In another way, you should see this as a golden opportunity to grab more. Don't panic in selling, merger is on-going, all went smoothly~
Conclusion>> Buy! buy! Buy! Accumulate in weakness! Accumulate!!! Go! Go! Go! Expecting 25% gain in 6-7 months, why not?
Wait! Why I bought SapuraCrest at 3.84 this morning? Erm, it is too tempting to see it at 3.80++ level, so I mah bought it lo~ Argh, I should wait and buy it at 3.60++ level. Mistake, haha~ But who knows it will drop to this level? Only Heaven knows.
In case you are not aware on what is going on here, and might think this CK must be crazy. Then take a look on the latest merger exercise announcement here dated on 21/9 (yesterday announcement from Bursa).
Link 1: SapuraCrest Announcement. http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/LsvAllByID/79309A92F080385548257912003FCDEB?OpenDocument
Link 2: Kencana Announcement. http://announcements.bursamalaysia.com/EDMS/edmsweb.nsf/LsvAllByID/7EE4D0443F85E3FC4825791200361935?OpenDocument
Link 3: Kencana Announcement in NanYang Daily.
http://www.nanyang.com.my/node/384531?tid=462
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Discussions
Be the first to like this. Showing 8 of 8 comments
if KLCI keep on dropping and recession is confirm, there is no one can stop from them to withdraw or revise the merger offer price... which director is stupid enough to offer that much of generousity.
2011-09-23 08:00
How could they simply revise the offer price. If market move up instead of going down, are they allow to revise UP the offer price?
2011-09-23 22:58
Share price dropped, but the fundamental of both kencana & sapcres are strong~ Dont judge a stock based on share price itself, in stead, based on its fundamental. So, i dont think offer price will be adjusted. RM3 and RM4.60 are reasonable...
2011-09-24 02:11
Possibility of takeover price being adjust UP, not DOWN, if:
--> Kencana or Sapcres been awarded new projects within this period.
2011-09-24 02:13
CK you are entitled to your views. Best of luck. However it is prudent to note that in the past mergers and takeovers did get aborted during downturns. Your assumptions of their respective prices are good for fair weather, but we are sailing through rough waters with strong headwinds. It is not unthinkable to ditch a leaky boat.
2011-09-26 10:20
Dont believe these politically linked counters ! They are just manipulated for them to dump the shares !
2011-09-26 12:43
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Stephenlee
What is good and benefictory to investors may not reap in the near future if the world recession fall on you. Be patience for a few months and watch and see. Do not be too tempting as we are on the downwards trend. Good luck.
2011-09-23 00:35