Another GPACKET in the making. Something similar... Both start with merger speculation. Last year after goreng GPACKET, OLH dump 9696 This year after goreng OSK, will OLH dump 9696 ?
If RHB to eat up CIMB and MBSB, I am worried to enter OSK because the real value of RHB held by OSK cannot be unlocked. If players run away, how OSK can go up now ? Profit is more important. Because u can use it to play other stock too. I prefer CIMB and MBSB.
I anticipate that this is just a trick to suppress the price of RHB shares to make the offer at RM 10.80 ~ RM 11.20 (close to 1.6 x book value) more attractive and acceptable to minor shareholders. A merger will always happen in a way that benefit the seller and the management who control the business in the end. If CIMB management is the one that rule in the end, then it must make majority of RHB shareholders happy for the deal to be successful. That's why the proposal is to sell everything back to CIMB Islamic bank finally.
For the best of all just sell at current price u get 2.4 Billion cash. Then All Orang Sudah Kaya must be the most cash rich in bursa n I can live with it. Lol.
Why they talk about changing plan? Because if they go against Aabar demand, they will pull out mid-east multi billion investments from Malaysia, which could be too costly for politicians.
unlikely people boycott you just due to 1 incident lah. They want to create bigger Islamic Bank, maybe Aabar get to own that. MBSB after this might be world biggest Islamic Bank, imagine that and Aabar I assume more interested on this than conventional. So?
PJ Development does not have any plans to merge with OSK Property at this juncture
PJ Development Holdings does not have any plans to merge with OSK Property at this juncture. Both have a common substantial shareholder Tan Sri Ong Leong Huat, but this does not discount a consolidation in the future. "If restructuring can bring benefits to shareholders in the future, why not? We don't discount that, but right now as it is, it is all rumours", said PJD MD Andrew Wong. (Financial Daily)
don believe all these temp rumors....it will be one holding bank...where everyone sell to it. cimb, rhb & mbsb selling to this vehicle....based on their respective valuation mah.....!!
if use any of the current bank vehicle....they have problem convincing the shareholder on its respective valuation mah...!!
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Posted by jjoker > 2014-08-23 14:57 | Report Abuse
Another GPACKET in the making.
Something similar...
Both start with merger speculation.
Last year after goreng GPACKET, OLH dump 9696
This year after goreng OSK, will OLH dump 9696 ?