olh looks to win this game, he leverage on market fear, $1.68 still present a gain to many; despite it is such a disgrace. the longer he drag, it's just a matter of time to reach 90% at $1.68
best of all, he can U-turn anytime and still gain. olh knows how to play $ thru $ with $, and u can forget about "susah" to help u.
oskprop for instance, collectively, olh and related already capture 76% (maybe more). u bet unknown collection by olh in osk? he obviously has planned this thing for a long time already
he didn't put u in hell, he didn't bother to share wealth with u either, that's how good he is
instead of getting dragged into this game, better sell and look for new opportunity. there might be potential in this stock, but once the major shareholder made up his mind for take-over, he can reduce the dividend payout or just making it a sleeping company. we as retail has no upper-hand.
I think the strength of OSK at the moment is only the value kept in RHBCap, which unable to distribute at the moment, as Ong need to maintain the % share even to fully benefit of dividend reinvestment into RHBcap so that his leading role at RHBCap Investment Banking will not be replaced. Therefore it's make sense for him to continue to increase his shares while it's undervalue. The weakness is the stock in short term will for sure no appreciation. I think he's also plan for transition planning to his son in business in this few year. The opportunities for OSK is restructuring the business most probably into properties development as well as reit, maybe again merging of oskprop & oskvi into the company. However this will need funding, maybe privatize and relisted, for short term again will not benefit the small shareholders
you guys cannot like that say one, if you think it is good then you all can buy also what. I think we should be fair and not make wild allegations and unkind name calling here.
MANDATORY TAKE-OVER OFFER OFFER BY OSK EQUITY HOLDINGS SDN BHD (“OSKE” OR “OFFEROR”) THROUGH RHB INVESTMENT BANK BERHAD (“RHBIB”) TO ACQUIRE ALL THE REMAINING ORDINARY SHARES OF RM1.00 EACH IN OSKH NOT ALREADY HELD BY OSKE AND THE PERSONS ACTING IN CONCERT WITH IT (“PAC(S)”) (“OFFER SHARE(S)”) AT A CASH CONSIDERATION OF RM1.68 PER OFFER SHARE (“OFFER”)
can i know if i dun take the offer...what will happen?
the most bearish forcast from maybank ib that BV of RHB Cap will increase by 76.6 sen(OSK 9.8% stake = 7.5 sen) in FY13, 82.3 sen (OSK : 8 sen) in FY14...olh can't take over as their stake in osk is around 36-37% and need 90% stake for the deal to go thru http://cdn1.i3investor.com/my/files/dfgs88n/2013/08/07/1479200700-935988493.pdf
1 % stake = 9.68 million shares. olh can't even grab 1% share since 1.68 offer though he might get over 3 mil shares including yesterday 500,000 shares which is only 0.3% stake. he can't even cross the 40% barrier, 90% is totally impossible
Affin IB (independant adviser) have today conclude that the offer is NOT FAIR and NOT REASONABLE(which is damn obvious) and advise shareholders to REJECT the RM1.68 offer
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limitup5053
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Posted by limitup5053 > 2013-07-18 08:40 | Report Abuse
agree w lkloke 100%..will buy some again at 1.70..