Those that wanted to sell should have done it today when there were plenty of buy ins waiting for the selloffs. Tomorrow should start to stabilize or technical rebound and move back up thereafter.
low take over price is to make sure minority shareholders don't accept the offer and continue listing. If you read the offer , it is their intention to keep the listing status of kub. Believe me Temasek Padu got a very very big plan for kub....buy and keep you could see the fruit within a few months.....
The offeror will make the offer by posting the offer document not later than 21 days from the date of take over notice i.e 5 june 2017. The offer will remain open for acceptance until 5 pm on the 21st day after the posting date ..........
First you will receive the offer document which is soon. Then you have 21 days from the posting date of the offer document to reply yes or no . On that 21st day, Kenanga will announce the result of acceptance.....which for sure it will be zero acceptance and the process of unconditional take over completed....from then on......KUB will fly !!!!!!!!!
@ruslimz, can u elaborate on why u think kub can fly?
I mean I see there have been structural changes to the company and that earnings are getting more stable hence why I bought in. To me, fundamentally it looks like a turnaround story but not very aggressive turnaround as the earnings doesnt seem too likely to grow very strong. That being said, the stock is still trading cheap-ish so i've no issue with buying a little and just keep it in the deep freezer for awhile. Maybe will look back after a year..
On speculative side, it has the GE theme on its side but Im not sure if that will do much for it as the earnings are still too soft to have any expectation that it can move based on anything.
limit down will happen anytime. Shark will pull low anytime with this news. i will stay sideline as 35c is crazy low price which create alot uncertainty behind
Under the call option agreement signed on 7 june 2015 between MOF Inc. and the offeror, the call option when exercised by the offeror, requires MOF to sell KUB shares ( call option shares) to the offeror for a cash consideration of RM0.35 per call option share. On that signing day, KUB close at only 41 sen . The agreement valid for 2 years up to 7 june 2017. On 6 June, the offeror exercised the call option according to the agreement.........Can you change the call option agreement now ??????? make it RM 0.60 or RM 0. 80 or RM 1.00.......then all investors will sell the shares to the offeror and Kub will be delisted . In the offer document it is clearly stated that the intention of the offeror to keep the listing status of Kub......why ...because they have a big plan for this listed company.......
What is the plan? How will they grow the topline and bottom line? Their plantation certainly cannot create much growth. The LNG segment not big enough or high margin enough. The other segments are also all low margin. I dont see any fundamental prospects for high growth. Please elaborate..
Did not find anything exceptional. They specialize in ship building and offshore services? Chartered rates and margins are so compressed. Anyone attached in this industry is unlikely to see good growth levels..
yes, i believe as a small shareholder just ignore the buy back offer at rm0.35 and i believe kub will fly in future, i will top up when its price further down ... it is your choice ...
I don't think KUB will want its share price to dip to 0.35 so as the offeror, this is just to catch the attention of the crowd to wait for the panic sell down stabilize before the next up trend. KUBfundamentals is still there, TP should be around 0.65-0.80. My 2 cents for sharing
I think Kub will consolidate until closing of the acceptance of the offer......not sure the bottom ....simple guide..it is when less fluctuation of the price with a small volume...at the moment disgruntled investors who don't favor the offer is not finish selling yet.......
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....
Eldon Ong
158 posts
Posted by Eldon Ong > 2017-06-06 19:37 | Report Abuse
game over soon……