KLSE (MYR): DELLOYD (6505)
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5.13
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I'm curious and need advice from you all. The offer price is rm4.8 and now market is rm4.56. is it due to the privatization maybe will fail? is it worth for us to buy at the current price now with about 4% earning?
2014-05-19 17:19
but normally there will be big buy queue at the price near with offer price right? do you think the privatization will fail?
2014-05-21 13:56
I have offered to fight them, anyone want to join?
We can engage a lawyer to jam the Tees, hopefully get a better price. Anyone interested? I will organise
19/05/2014 11:19
2014-06-05 00:16
any idea how much is the cost ? Do you need to hold certain amount of shares ?
2014-06-05 08:51
The cost can be on contingency, meaning the lawyers share a portion of our profits from the action. No cost to us if we lose the case, except some disbursement which should be minimal.
2014-06-05 14:43
One needs not to have a substantial shareholding to mount an action. Look at Lii hen, the plaintiff only has 100 shares and dragged the company to court for more than a year now
2014-06-05 14:44
I see last week the price go up to 4.70. Since then not much volume any more now price down to 4.60. Hehe...if I guess correctly, I think somebody is buying shares to jam the Tees since it doesn't make sense to pay 4.70 just to earn 10sen profit, right?
Can someone tell me what happens if they succeed to jam the Tees? Does it mean the deal is off?
2014-06-10 09:45
Once the deal is jammed, Delloyd stays listed. Why should we be forced to sell to the Tee family for a peanut, knowing fully well that it is worth the north of at least $8?
2014-06-10 11:32
Do like Ireka. If the deal falls through, punish the minority shareholders by having a big rights issue.
2014-06-10 11:52
Ireka owners wanted to privatise Ireka around 90 sen but minorities blocked it. Now owners revenge minority. Owners always have the last laugh
2014-06-10 11:53
FatFLOM....interesting nick, hehehe. :)
This share has been trading at around 3.30 for the past year or so. If the deal falls through do you think there'll be continued support at the current price of 4.60? I could be wrong but I just can't see how the price will go up unless there's an improved offer or if its supported by the market (very unlikely given the history of this share).
2014-06-10 15:13
The Tee family is suppressing the market price so they can control the EGM and keep the privatisation cost down for maximum profits
2014-07-17 11:33
their land bank alone already worth more than rm5.20, not even counting their auto part manufacturing biz yet.
same like Bplant, their landbank already worth more than 1.60, not even count their plantation biz.
2014-08-12 09:29
This company privitization really undervalued, retail investors can opt for better price la. Make sense. Very high intrinsic value.
But if MAS delist also want fight better price without any fundamental (somemore burning cash 5m per day), really laugh my x off lo.
2014-08-12 09:33
so long time taken to give the 5.15 ...... should add another 20sen lah .........
2014-11-26 16:22
haiz.. if I am largest shareholder I will ask all relative and friend buy 100 lot and vote privatise. and using prime minister trick"u help me, I help you" pay rm300 each vote.
2014-12-17 22:55
This company is cash rich loh, can buy land with cash in indon, built their own mill with cash, but too bad kena sued.
2014-12-23 06:02
i'm going to list out why i think Delloyd would be quite a safe investment:-
1. Privatization offer at 5.15, subject to EGM on 15 January 2015, which is about two and half weeks from now. Based on share price at 4.90, you are likely to make 5% or so.
2. Share price did not trade pass 5.15 for the past 5 years, so it's safe for me to assume that Delloyd's shareholders cost are not 5.15 or above, which means if the privatization is approved at the upcoming EGM, no shareholders will be at lost. I cant think of a reason why shareholders would reject since nobody will be at lost. Sure, the fair value is RM7.60 or higher, but bear in mind, Delloyd has never trade at its fair value for the past 5 years. I do not see why Delloyd will go to RM7.60 again if the privatization deal is rejected. And 5.15 might be the best we can get already for now.
3. With the current market condition and uncertainties, i think Delloyd would be the safest and the fastest way to gain 5% from your investment. I believe once the EGM approve the privatization, share would be traded at 5.145? Just like how MAS trade at 0.265.
So yeah, a 5% gain within 2 week. Only risk is the deal is rejected at the upcoming EGM. I believe the persons behind this privatization will do their best to make sure the privatization go through. Since there is not so much hype in this stock, i don't think shareholders will work together to reject during the EGM.
What do you all think?
2014-12-27 20:06
delloyd 'con job' ventures ma. very normal to privatize low. that normal in Malaysia. Since 1998 like than wan. No suprise.
2014-12-28 00:11
which is why 5.15 is probably the best deal this stock can get. and there's still a chance of 5% gain within a 2 weeks timeframe
2014-12-28 10:29
The only risk is the SCR is rejected at the upcoming EGM. If it is passed, it is almost certain that the share price could go higher to 5.15
2015-01-01 23:39
If buy at 4.96 & EGM fails then the share will definitely drop immediately to 4.50 & drift lower day after day.......... So the risk is high..... High bcos you don't just 1 lot, you buy a lot, like MAS
2015-01-08 22:56
sebelum diambil alih (MAY I KNOW WHAT'S THE MEANING LONG TIME I NOT TRADING)
2015-02-04 09:44
Recd SCR payment today. Achieved 9% pa return for 80days. it's a calculated investment move thus gains were g'teed.
GoodDay
2015-03-20 15:44
hoplanner, u bot before the EGM, right? by that time the gain was not guarantee!
2015-03-20 15:54
Took some risks & bought some on the EGM day. It's a judgement call. Can try Hunza, fire hawk? This should make you a few thousand ringgit richer as the outcome would be more predictable.
2015-03-21 23:34
Fortuneball
Many such example in Singapore, UOL, UOB, WB.....etc
2014-05-19 16:32