@Karlos Under SCR, it is more likely to drop than rising if SCR failed as the offeror has no mandate to buy at RM2 if that is the case.
But for a takeover plan similar to FGV (which we were referring to), the offeror just buys up whatever amount of shares at or around the offer price in the open market. So if their plan failed, the price will overshoot the offer price, as those who didn't sell at the offer price think FGV is worth more.
Anyhow, it is a happy day for us! We should celebrate and (of course) remember to attend EGM and vote tomorrow to make sure this is a done case! Cheers!
Just like that "Blablahaha" account from yesterday with a "friend work in mmc office", this "ravenhongwei996654" is another account with "friends working in registrar" and has no other comment history except for the 2 posts here. Not to forget that there is also the "Syndicates" account who also mentioned a "friend" telling him something about an announcement that is apparently pending. Anyone that is concerned with these messages should think, if you really receive info from a "friend" about some bad news , would you quietly sell all your shares ASAP at the highest price possible or publicly tell people about the bad news here and that you are "gonna sell all" (meaning you haven't sold yet and could risk causing the share price to fall by sharing this "bad news" publicly)? Completely illogical to do the later right? All of these accounts should be reported to the SC for market manipulative activity lah
The boardroom staff told me due to too many shareholders to register,the login ID only will send out later... I still not yet received the ID.Hopefully everything goes smoothly.
To avoid tomorrow might not able to login due to too many shareholders rushing to login ..you can opt to send e-proxy vote FOR and put X or him/her failing the chairman of the meeting to ensure your vote will not miss. No matter you able to login..the vote has done.
@ziyang8896, is it still within time to register for e-proxy now? Boardroom's website mentioned that the registration would be closed at 10am today and the option to register for the EGM is no longer listed at the website now. Anyway, personally I am not too concerned with a slight delay in sending the login ID so long as they send them out by this evening lah. Then at least we can sleep soundly tonight and wake up tomorrow to vote "FOR" at 10am ma!
Boardroom confirms over phone that my log in password will be sent after 7 p.m to-nite. My view: This SCR is a done deal. U know, i know, we all know Full stop. .
You will receive your remote participation user ID and password along with the email from Boardroom if your registration is approved by late evening on 29 September 2021.
Reply from Boardroom this morning but untill now I have not received user ID and password
when anyone know can post pls?I didn't manage to get in. I quite lucky la not to brag.. this one pure luck I TP before it crash.. and manage to TP that now.. hopefully later can ride the remaining in MMC FD rate until private. good luck everyone
just my 2 cents, 1.87 now, limited upside already, consider well if u still want to risk (although I agree risk is low), even the SCR pass u can't sell right away RM2, u need wait the exdate or sell slight cheaper
thanks for the advice Sincerestock... will do just market now like yuck.. unless I find something worth 2-3% minimal risk till exdate seems ok, for now la see if anything good come across.
chances to pass thru is very high as most of the retirees holders dont know how to join in thru remote way .don't care..go for morning exercise..miss it out the date. n PNB aldy kautim as GMD has done his job..
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MQ Trader 2909 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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ravenhongwei996654
2 posts
Posted by ravenhongwei996654 > 2021-09-29 15:48 | Report Abuse
CHILL guys, from what i got from my friends working in registrar the deal failed. im gonna sell all. Luckily i bought in 1.64.