58cts is not fair as Lcth has about rm104million in their bank. After paying the remaining 29% ,only cost them Rm61 million, then the balance of rm43million goes to the offeror, who should offer us minority shareholders 88cts to be fair...
in the letter, it mentioned all our share will be cancel if it is success. and FuYu will hold 100% share and not maintain listing in Bursa. doesn't it sound same like the privatization ?
The offerors Fu Yu are definitely whacking all sellers below 55 and if hold 90% , only pay to minority rm6million from rm104 million from LCTH bank balances as today...definitely will offer higher price later ...
If LCTH do not have RM104 million and they offer 58, very good but taking LCTH money to pay back LCTH shareholders, very dirty play by the Singaporeans...
Not much are sold at current price. Maybe those bought under 50c are selling now. Or maybe those who doesn't think the privatization will success also selling.
Looks like the FU Yu operators are selling all those shares they bought and collected at 44 within the year before planning this move, making 10 and those who bought at 54!still can still make at 58"""", insider trading should be looked into by KLSE
I agree with fl888 that the offer price is too low.Fu Yu control 70% n 30% of 360 =108 ml shares @ .58=rm62.64 ml to get hold of rm104ml. .A gain of rm41.36.ml valuation should be rm104÷108 shares=rm0.96
30% still in minority shareholder but must be wary of how many % of the 30% are parked under nominees by Fu Yu to manipulate the market share to their whims and fancies or pump and dump or ?
I though my LCTH will keep in my drawer within 1 yrs but finally its can see the sun light now. After rainning always can see rainbow. Now the sell price is higher than my buy price and I wait @0.57 to sell or wait Fu Yu buy from me with cash 0.58.
if LCTHs' BOD acknowledged & agreed & recommend shareholders to take the SCR, BOD's rep need to return the written agreement by 5th Jan 2018 else,the proposal will lapse.
Why Yu Fu do not buy all present seller until 58 cts,which will save them a lot of money to be privatised, unless Fu Yu is trying to unload their 70%, hoping more Buyers will queue at 54 ctss,,,Could be trying to create a dumping campaign, hopefully not ???
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
onlyinvestment
303 posts
Posted by onlyinvestment > 2017-12-07 20:47 | Report Abuse
Yahoo....ho say liao this time