VT will be very happy, the market price is around 80 sen now. won't think he will care abt this counter. he is busy with privatization of other counter now
Berjaya is hungry for this company's shares! Ask the directors to accept the offers in oder to achieve their target of 51% and make REDTone their subsidiary. This kind of announcement will triger more people to accept offers too, so they might end up much more than 51%, if that happen, wonderful, not much free float shares in the market, then only all the good news will come in and by then the share price can be skyrocket high. Just look at how they pushed up BJAUTO, from an IPO price of 75.0 sen to now RM4.00! Huge profits.
I am very sure now that they will get more than 51%, looking at the way the price being pushed down and force investors to accept the offers. I am hoping that the announcement can come very very soon.
Mayb Directors fully aware the future performance might not be as rosy as it projected , hence they all agreed to sell to VT , unlike to HRH Johore ??? Looks likely price is heading South below "Johore" .ha ha After the latest qtr result , EPS 0.61 !!!! Could be gd timing to collect if it drop below 0.65 ??? Bear in mind, somewhere down the round mafia VT will b their Chairman ????
GO: The closing date and time for the acceptance of the Offer has been extended from 5.00 p.m. (Malaysian time) on 8 May 2015 to 5.00 p.m. (Malaysian time) on 22 May 2015 (“Extended Closing Date”.
If you read the press release carefully, Berjaya has actually obtained 49.77%, just short by 0.23%! But if take the 40.85M ICULS that owned by Berjaya yet to be converted, they have more than 50.0% already, so it is unconditional by right by now. Then why? My simply logic is : they still want more and more share, that's why extended the closing date.
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: Precision engineering components manufacturer, Northeast Group Berhad aims to list on the Ace Market!
MQ Trader 347 views | 1 d ago
0:17
New IPO: Imaging, analytical and test solutions provider, Crest Group Bhd aims to list on the Ace Market!
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....
Sebastian Sted Power
3,429 posts
Posted by Sebastian Sted Power > 2015-04-21 10:28 | Report Abuse
FFFFFFFFFFFFFFFFFFFFFFF that tycoon TAN
When redtone price start to stable at 80-90cents, then he wayang