Icon8888 Gossips About Stocks
(Icon) Ong Leung Huat Shoots Himself On The Foot via Ill-Conceived Merger Scheme
Today, OSK launched take over offers for OSK Property and PJ Development principally via issuance of new OSK shares.
After studying the proposals, it suddenly dawned on me that Ong Leung Huat is the biggest loser of the scheme (and he apparently is not aware of that)
I believed the scheme was cooked up in a haste without giving proper thoughts on the actual implication on Ong Leung Huat's financial interest (Probably as a knee jerk reaction to recent market downturn which they thought provides a window of opportunity to create a smart deal to benefit Ong Leung Huat)
Whoever that conceptualize the deal should be fired by Ong Leung Huat. The old man has been badly advised.
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Discussions
Be the first to like this. Showing 13 of 13 comments
Historically, OLH is known to have many tricks and hanky panky. You can profit from OLH counters but you can never expect a fair deal from him.
2014-10-16 02:52
I don't think we really have to avoid OLH stock. Just remember to take profit ...
2014-10-16 02:55
the deal is likely to go through with so many "minorities" as his proxies...
2014-10-16 09:43
What Icon8888 said is correct. OLH is so stupid to come out this deal, everyone is losing include himself.
Look like it is hard to play with a broker. It is now a matter of patience game to see who can last longer.
2014-10-16 10:04
Ita a no brainer to grab pjdev and wc now..grab more this morning..sure win if can hold
2014-10-16 10:18
laughdie and optimus classic case of people who don't have $$ to invest but want to wayang!!! Wakakaka
2014-10-16 10:32
Insurance is 1.60 for the mother and 60 cents for wc...limited downside, but mid term will be rewarded in multiples......go grab some.
2014-10-16 10:37
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like i black list seal for myself earlier, should avoid OLH stock in future?!
2014-10-16 01:32