the offeror is a dutch company where their country is famous of "coffee". Very good prospect for oldtown. They can really challenge starbuck this time. Just hold your share for revise offer price.
The Dutch can afford to pay more. Our ringgit is still weak compare to 3.80 for 1 USD few years ago. Probably the offer price 3.80 will be the best price.
Wtf? Something wrong is it? Why rush to sell when expanding in China? Something really not right? Whatever, I have stop old town white coffee many years ago.....Good luck to shareholders
Either we wait till all pre-condtions been fulfilled and met, offeror will pay us at RM3.18 without incurring brokerage and trading costs, at the same we still can entitled dividends. 2nd choice is if the price shoot beyond RM3.18, we can immediately dispose off in the open market. Why we want to accept RM3.18 if the market willing to pay more for it?
Dont even need to rush sell. Coming quarter report is confirmed to be better than last year and the p/e ratio will be drag down. 3.18 is not the fair value of oldtown, we will see what happens once the coming quarter report shows an even better result than all previous one.
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Posted by Dennis Chew > 2017-12-11 12:25 | Report Abuse
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