ryei, who told u it will delist at 7.80 sharp, unless ur god or the oracle of omaha. There's 28 remaining days till offer expire. The incoming days will be interesting. 7.80/share is proposed. read proposed. So, if the remaining 3+.++% shareholder don't want to dispose, JTIH have to go for go or mgo, depends on how much they accumulate in open mart and comply with bursa rules.
I didn't see volume where EPF and KWAP has disposed significantly or otherwise. together, both have about 14.++% shares.
For me, I shall wait for EGM, then only decide to cash out or not. who knows maybe epf and kwap nego for a higher offer.
for a small fish like me in the big ocean, better to follow big fish that don't want to eat me. hehe..
For take-over offer like this, there is no EGM since it is not via selective capital reduction (SCR).
The most important thing is the acceptance level. The offer is conditional upon minimum acceptance level of 90% (section 4.3 of announcement). However, they reserve the right to revise the condition to lower acceptance level or remove the acceptance condition.
It is better to wait for the offer to become unconditional before you accept by doing CDS transfer & send back the forms. Otherwise it may be aborted if the condition is not met.
Are you referring to the “RECEIPT OF NOTICE OF CONDITIONAL TAKE-OVER OFFER”? It is only to inform you that the company has received the take-over offer. The offer document (forms, etc) will be posted to you within 21 days.
Hate to spoil your mood, but: In section 4.1(b) of announcement dated 31/3/14: "... pays any dividend ..., the offeror may reduce the offer price by amount equivalent ...."
Sometimes I wonder, why got people buying at RM7.74 when take over price is RM7.80? Or is it the takeover company buying up slowly as long as it is below RM7.80?
To accept the offer, you need to go to the CDS department of your broker to do a CDS transfer first, after that you need to send back the transfer receipt together with the completed 'form of acceptance & transfer' to the offeror.
My advice is to wait for the offer to become unconditional before you proceed.
"Holders of the Offer Shares who have accepted the Offer at the original offer price of RM7.80 per Offer Share will be entitled to receive the revised cash consideration of RM8.20 per Offer Share under the Revised Offer."
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....
L. C. Chong
536 posts
Posted by L. C. Chong > 2013-11-24 21:50 | Report Abuse
JTINTER Analysis – http://lcchong.wordpress.com/2013/11/24/jtinterfundamental-analysis-24-nov-2013/