luckily there is a superman collecting all (+-25m shares!), otherwise today osk will see 1.4 again, hahahaaa... hope this fellow is not on leave next few days!
RHB CAPITAL BERHAD (“RHB CAPITAL”) ADVERTISEMENT: DIVIDEND REINVESTMENT PLAN (“DRP”) THAT PROVIDES THE SHAREHOLDERS OF RHB CAPITAL THE OPTION TO ELECT TO REINVEST THEIR FINAL CASH DIVIDEND IN NEW ORDINARY SHARES OF RM1.00 EACH IN RHB CAPITAL
Convert price: RM7.63 what do you think OSK will do? :)
osk will take up the shares, crucial for better position during negotiation with epf, power play in rhbcap top mgmt. this is well known already, olh didn't sell oskib for cash, he has always wanted POWER and not cash
Now question is, if take up all shares to avoid % diluted and good for nego if really privatize happen; but dividen will not benefit to shareholder in near term. Invest for you own cash convenient level; OSK will still payout div, but should be lesser. ROI based in shorterm will not benefit much. Happy trading.
1.68 is really not fair and also not reasonable...last dealing 12/06/2013 between Tan Sri Ong and OSKE only done by RM1.50 per share already shown their motif...
The RHB shares that OSKB holds already worth more than RM2. How about the land beside OSK plaza for future development? How about the OSK building?.. Tan Sri really treats the minority 'Socai'!!
Just like what soon9913 said the RHB shares that OSKH holds already worth more than RM2.00 n what about the rest of the properties like the OSK building n the land beside OSK plaza which has good value for future development..
olh want to deny us of at least 10 sen dividend per year and totally ignore the value of rhb shares. Only those with no holding power will fall into this corporate shark trap that eat the meat and melt all the bones
note that is bcos a dark horse came in silently and held high % (10?) of stakes, causing quek to pull hand brake. suspect olh silently getting ready (or close to) capturing up to 90% of total outstanding shares. if olh does, the case of hlbcap will not happen
DON'T SELL!! I don't have the urge to SELL....hehe...i have been holding OSK shares for 3 years, i don't mind holding them for another 3 years...lai..lai..offer a fair price, don't deny our smaller shareholders' right...
On 9 Jul, OSK Equity Holdings Sdn Bhd (OSKE) acquired 4.41% of OSK Holdings via direct business transaction and open market. Post acquisition, OSKE together with Tan Sri Ong Leong Huat and persons acting in concert hold a total of 36.72% of OSK Holdings. Thus, it has triggered a Mandatory General Offer (MGO) at an offer price of RM1.68. MGO is conditional upon major shareholder obtaining more than 50% stake and the offeror intends to maintain the listing status. Comment We view the offer price as not attractive given that the offer price is significantly below its SOP of RM2.45 as well as below the value of its 9.82% in RHB Cap which is worth RM2.14. The major shareholder’s decision to add on its stake in the company (which triggered the MGO) reflects its confident in the value of the company. Moreover, given the intention of maintaining the listing status, we believe the MGO is more a regulatory issue rather than taking the company private. Thus, minority shareholders should not accept the offer.
As mention in HLIB research, even RHB also pay >RM2 to buy OSK share; why OLH think that shareholder will sold off to at Rm1.68? Non sense, unless they hold >90% of OSK share and can apply force take over.
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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....
sephiroth
14,131 posts
Posted by sephiroth > 2013-07-09 16:52 | Report Abuse
foreign fund didn't buy this counter, who's selling?