many retailer investors have been trapped at RM2 - 3. if take private at RM0.8 -RM1 is unfair. same like FGV ipo at RM4. now privatisation at RM1.30 . don't let them play us out.
If tht is true, thn 2 Feb will have offer, coz still can change... winmal, tht is fact of life, like FGV, no1 expects it to make so much loss and so many issues... tough luck... for bstead, the retail investors still can have chance to average down their cost. Perhaps the SCR offer might break even their loss if now they sapu enough shares before the announcement
If LTAT , govn and DUMNO is willing to SELL off Boustead ....... There will be Private syndicates that can muster up CAPITAL to COMPLETLY BUY over Boustead. Then "ASSET STRIP' whilst putting unprofitable entities under RECEIVERSHIP or SALES. Unfortuantely ..... DUMNO , etc which have got their "PRIZE" 30 years ago WILL NOT allow this to happened. Politics will play a part . Plus ... SCR is the most likely way for LTAT to take Boustead Private. Then ASSET STRIP . Question is ..... Which of the "PRIZED" companies ( AFFIN Bank or Pharmanagia or BPlant or Etc) which are "profitable" are going to WHO ? ... No Accountability since PRIVATE !!!
Bstead grp have lots of land coming from LTAT which can be sold off at slightly lower thn arms length price but yet gives LTAT handsome profit as its being valued at book.
Retailers unite,push up the price like wat had happen on the game sport....everybody win ..don’t let ltat scar so easy with unreasonable price....hoot9 e
See the last sentence ."It was reported by a financial daily that LTAT may increase its offer price and would take three more weeks to make an announcement of its privatisation plan."
retail players around the world have taken a leaf from the US. Never let the shorties and funds manager manipulate and depress their share prices. Be the ants, moths or ikan ibilis never bend our kness
Boustead if using the SCR way need to put the intial offer price at between 85 - 90 { higher end for the past 54 weeks transacted price } as a way to entice minorities to take up the offer { against the NAV 1.85 } Whereas LTAT if opt to use a general restricted offer may be fixed the price at 80 sen { based on an independent advisor recommendation appointed } come Feb 2 the minorities will know what LTAT will offer
hopeless counter, better switch to other potential tech stock....retailer been con by the edge ...RUN RUN RUN while u still can sell above RM0.7 , after next week NO MORE
rm0.72...now new low is coming to town...last call last call to sell above RM0.7....grab the chance to sell now or else regret ....NO PRIVATISE ,PRICE NO MORE ABOVE RM0.70...THE EDGE CONS RETAILER
last call to sell at RM0.72 , afternoon section alot margin call /force selling will gap down below RM0.70....RUN RUN RUN ...NO PRIVATISE ,PRICE NO MORE ABOVE RM0.7
0.715 now.... last call to sell above RM0.70 ,,,,afternoon section alot margin call /force selling will gap down below RM0.70....RUN RUN RUN ...NO PRIVATISE ,PRICE NO MORE ABOVE RM0.7
NP will just hold for a little longer term if no privatize. Have confidence in the new management . anyway believe may proceed privatize or SCR come next week will know..
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....
winmal
1,128 posts
Posted by winmal > 2021-01-28 22:38 | Report Abuse
many retailer investors have been trapped at RM2 - 3. if take private at RM0.8 -RM1 is unfair. same like FGV ipo at RM4. now privatisation at RM1.30 . don't let them play us out.