lehubeng, this happened when market opened at 2:30pm, one buyer want to buy 4,000 lots at 0.045 and a seller willing to sell 4,000 lots at 0.04 (so, he/she queued in front of you at 0.04), and hence a transaction of 4,000 lots at 0.045 done but not from you.
This double takeover is too glaring that the minority shareholders are bring cornered and unfairly treated. If not careful, the IPS's IAC could render the authorities to disapprove the takeover and derail this plan.
If the motive of the offeror is not to acquire 100% of the shares, he don't even needed to spend a cent to get RHBIBB to initiate the takeover exercise. He can easily get his friendly parties to force the company into delisting status. Wonder why?
TheContrarian, could you elaborate a bit more on the scenario after delisting? Do you mean if the offeror really need 100% of the shares, he will have to make private arrangement with those holding the delisted shares at mutual agree price ? Thanks
Hi, be fair to the remisier/broker. They are not part of the takeover party and most of them just there to earn a honest living. With the current market conditions, most hardly earn enough commission to meet ends needs.
The offeror could easily acquire shares from the market so to hold 75%. Why is that the offeror invoke "take over" which incur RHBIB consultation fees? Why emphasis strongly that the offeror does not intend to maintain listing status?
It's very clear that from the offer document that "YOU DO NOT NEED TO TAKE ANY ACTION IF YOU DECIDE NOT TO ACCEPT THE OFFER" Read section 5.1 & 5.2, and be a dissenting shareholders and let the offeror to invoke the provision to compulsory acquisition. Just my personal opinion.
It's all manipulation by big player. How on earth a 5 star hotel shares listed on main board can be so cheap, even a goreng pisang worth more than 7 kbunai shares! Thanks to pvjsabah, jt888 and those who took the trouble and efforts to write and highlight this unfair issue to SCM. Will SCM take action is another story.
Just to elaborate, assume the announcements (buy or sell) are always delayed by 4 days. When a fund manager bought aggressively on 01/12/14, it would only announced on 05/12/14 and you bought to react to that piece of good news. Four days later (09/12/14), you then noticed the announcement of an even more aggressive selling of that same fund manager on 05/12/14 (the day you reacted and buy). You are trapped because of the earlier news of the aggressive buying on 01/12/14. :(
announcements from bursa website are good indicators on fund managers movements, but unfortunately they were usually outdated (buy on Dec 2, 3 only announced now). Just when you think the funds are buying, they are actually selling already :(
When crude oil price is falling beyond argument, O&G business is no more lucrative like before and RTO could become a non issue and a non viable option. Its only wise to reconsider or reduce holdings on shares of O&G listed companies. Falling in love with a stock is a big NO in investing in the stock market, no doubt that's anybody's right to jealousy guarded it. There are ALWAYS more mature investors than you are out there! Just for sharing only.
All are talking about selling and selling now. But,...if you believe that the offer can be 5 sen or more higher after the EGM (in order to push the plan through), it is not crazy to think of buying, but maybe at 0.25 and below. (But you need guts, like the olden time chinese soldiers having the word "Brave" in front their chest. ) BTW, all at your own risk. :) :)