Nothing to worry at all, these is very rare opptunity offer by fund and actually, many know these is one off selloff due to fund adjustment end of NOV. The one off big selloff volume Is absorb well by market and the fact that these one time selloff volume had NOT top up its volume throughout last 10 min, but buying volume rush absorbing until end of session.
Can a shareholder/person own more than 33% of a listed company shares? Tiah got almost 32% now. What will happen when he reach 33% of shareholdings? Any one can advise? :)
Taktau From what I read previously, once a shareholder has 33.33% it will automatically trigger MGO or mandatory general offer. So in this case brother Tony will have to make an offer to acquire remainder of shares.
i think hes going to privatize the company, the son will take helm and Dato enjoy life in Canada with ahmoi ahmoi western!!! syok ponya life... kongket evday
I hope TA will distribute the tagb shares to shareholders. That is almost 2 tagb shares for every 1 TA share. Then he can privatize and do whatever he wants.
Under Securities Commission regulations, any party whose interest pushes past 33% of a listed firm’s total share base must make a mandatory general offer for the rest of the shares it does not own.
Singh 1. What you said is true. All the hotels in Australia, China, Canada, Singapore and Thailand were bought at very cheap price. The hotels in Australia, China, Canada and Singapore have appreciated more than 100% or 200% from their original price (still booked the purchase price in the accounts). I think Tony has the intention to take the company private.
Like what Lele stated earlier, Tony and related parties have accumulated
TA - 32.0874% shareholding
TAGB - 72.8727% shareholding (including TA shareholding)
They are very near to the MGO trigger line.
Tony will be more than 100% richer if he can take the company private. Furthermore, he can choose to list it in other more active bourse like HK, London, Toronto or NY. TAGB assets are more than eligible for him to do that. All are 4 stars, 5 stars or even 6 stars hotels in premium locations.
The Net Asset Value (NAV) of TAGB in the financial report is RM0.54 / share. However, if you calulate its Revised Net Asset Value (RNAV) by calculating their assets based on the current market values, the RNAV should worth about RM1.30 / share.
The market including institutional and individual investors overlook the counter and trade the company at RM0.27 instead of RM1.30, that is really an unbelievable bargain. Tony knows that the company is worth RM1.30/ share. Now, there are still people willing to sell at RM0.27, he surely will buy whatever sale quantities in the market. I think he will privatise the company to reap this full benefits of the market ignorance on the counter. The local investors do not know how to appreciate the premium quality and premium locations of the development land, hotels and office buildings (None of its assets is in hulu hulu place).
Some of its properties
In Malaysia KLCC Land ______________________ NAV : RM 716/sq ft______Market Value : RM3,500/sq ft Bukit Bintang Land ( near to Pavillion) __NAV : RM 682 /sq ft ____Market Value : RM 3,300/sq ft Damansara Avenue ________________ NAV : RM 88/sq ft ______Market Value : RM 500/sq ft
Outside Malaysia Radison Plaza Hotel, Sydney, Australia _NAV : RM 262mil______ Market Value : RM 838mil Westin Hotel, Melbourne, Australia_____NAV : RM452 mil ______ Market Value : RM 865mil Swisstotel MCt, Singapore ___________ NAV : RM 593mil ______ Market Value : RM1,488mil
To Tony, the best business is to collect TA and TAGB shares. It will be best of the best if they can be privatised.
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Posted by taktaumacammana > 2016-11-30 18:17 | Report Abuse
ya... my remiser told me today is final day of the month, ppl clearing position