I think ppl are scare the takeover at rm1 is sucesful.. So they r reluctant to buy.. With so many good news flowing in, the share px stil umable to go up.. Once the takeover fail, fuyoh, ghl wil up like rocket
independent Advisor - AmInvestment Bank recommended shareholder to reject the offer. The offer is unfair and unreasonable. Board of Directors also recommend the same. The equity value for GHL is RM 1.39 (From AmInvestment Bank)
What I see is that ghlsys is trying to defend themselves by releasing positive news to increase their price to prevent actis from taking over easily. Even ghlsys themselves realised the danger. Good luck guys
Announcement Subject OTHERS Description GHL SYSTEMS BERHAD ("GHL") PRESS RELEASE ON GHL PARTNERS WITH AF PAYMENTS INC. IN PHILIPPINES DATED 2 MAY 2017 Further to our announcement dated 2 May 2017, GHL wishes to inform the following additional information pertaining to GHL Partners with AF Payments Inc. in Philippines as follows (“Partnership with AF Payments Inc.):-
The initial contract term of the Partnership with AF Payments Inc. is for five years and is renewable.
The Partnership with AF Payments Inc. will not have any material effect on the share capital, shareholding structure, gearing, net assets per share and earnings per share of GHL Group for the financial year ending 31 December 2017.
None of the directors or major shareholders of GHL or persons connected to the directors and/or major shareholders of GHL have any interest, direct or indirect in Partnership with AF Payments Inc.
It means the take over is confirmed not going to happen. I wish to buy more below 1.50 and wait for the news of the launching of the Alipay in Malaysia.
This one more powerful than MyEG.....you think they will let it go so easy??? South East Asian just starting to use this platform one (0.1%) , one penetration up to 30%. you only know.
Actis got no money to buy but obligated to trigger an offer which will never materialise as stipulated in the bylaws. They know nobody will sell to them as the price offered is only 2/3 of what was traded. This is the only way to satisfy the requirement . Buat malu aje....
With 100% of acquisition, the price shall be lower, for example you buy things in bulk they give u offer, but RM1.00 is definitely unreasonable, however the acquisition is till 12th May, so lets see how market act. Ask yourself, if you are holding gem (good company), would you sell cheap to people?
I happen to speak to a staff frm GHL...and the person told me he has no idea about what the top management deciding regarding the takeover but most likely the rm1 offer will fail and Actis might counter offer higher.
So in case that happens, what should we retail investors do?
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Posted by xuewenapeng > 2017-05-02 20:24 | Report Abuse
Sure drop back to 1.40 then only rebound