jjhsn

Ambang Sejati offer RM2.9 per share, any comment on this?can go for it ?

2012-07-31 07:27

Maliki BAR

indicative value....

2012-08-06 12:05

1M168

it wont revise the current offer price .. share price alr reflect the value.

2012-08-06 12:08

grss

If Ambang Sejati is buying out the whole company at 2.90, why hasn't the current price reflect the offer of 2.90? Same goes to BRDB WA, yet to reach 1.90. Any one wonders why?

2012-08-06 21:10

KC Loh

because when you wanna take something off someone, you pay a premium to its FV. Who wants to sell their company to you at FV when they are losing potential future earnings?

as noted: In a note today AmResearch said the takeover deal which involves a total consideration of about RM1.2 billion, will provide a 21 per cent upside to its fair value of RM2.40 per share and 22 per cent discount to an estimated fully-diluted net asset value (NAV) of RM3.70 per share.

2012-08-06 21:15

grss

KC Loh, thanks for your explanation. But I am still unclear about one point. 21% upside to FV is 2.90. But y this stock not valued at 2.90 at market price yet? Usually stocks prices go up to takeover price when it's acquisition target. But this stock seems to be sleeping n lack interest from market. Any idea why it's like that?

2012-08-13 07:40

KC Loh

You are proposing high price chasing higher price theory!

Sometimes its a question about timing. Sometimes its a question of S&P between two interested parties vs the evaluation of millions since the company is on its way being privatized. Punters will go in hoping to gain the extra few sens usually! That causes the rise. With the high price theory, the quedtion of will it subsequently rise or not, now depends on the goreng skill of the punters then! Most analysts in this case also becomes cheerleaders because of market buzz and business it subsequently entails!

My 2 sens

2012-08-13 07:58

andy118

Grss, I think the price will not be near to the offer price of RM2.90 because (1) there is no likelyhood that the offer will be raised
hence (2) there is a risk that offer price maybe lowered (like Eng Tegnology's case) as the offer is still pending (3) waiting time (who would pay you RM2.90 now and wait say one month later to get back RM2.90)
(4) some buying cost involved like brokerage, stamp duty. So when the offer is firm the price will be nearer to or at RM2.90. Just my 2 sens. hope it is what you are looking for. Good luck.

2012-08-13 08:39

ahjib

i would personally buy and hold BRDB, still a very cheap and attractive counter, fundamentally!

2012-08-14 21:58

grss

Proposed disposal of certain assets (Proposed Disposal)
On 5 September 2011, the board of Directors of the Company received an offer from the Company’s major shareholder,
Ambang Sehati Sdn. Bhd. (Ambang Sehati) to acquire collectively the following assets (Assets) from the Group:
CapSquare Retail Centre;
Permas Jusco Mall; and
100% equity interest in BR Property Holdings Sdn. Bhd. which owns The Bangsar Shopping Centre and Menara
BRDB.
On 19 September 2011, the Directors of the Company agreed to the disposal of the Assets to Ambang Sehati for a total
cash consideration of RM430 million. In addition, the Company proposed to distribute part of the disposal proceeds to
the ordinary shareholders of the Company via a net cash dividend of RM0.80 per ordinary share.
On 26 September 2011, the Company and Ambang Sehati mutually agreed to cease all negotiations and for the
Company to undertake the Proposed Disposal by way of a tender exercise, whereby Ambang Sehati would be invited to
participate in the tender.
On 22 November 2011, the Directors of the Company decided that in view of Ambang Sehati’s expressed intention to
explore the possibility of increasing its stake in the Company via various means which may or may not result in a
general offer, the tender exercise in respect of the Proposed Disposal would be deferred to the first quarter of 2012.
On 27 March 2012, the Directors of the Company decided to proceed with the Proposed Disposal via tender.

2012-08-23 09:25

danielttoob

Trailing events likely will be deferred as both decision maker is same person...correct me if im wrong

2012-08-23 11:33

grss

yup..from takeover proposal become open tender.. dono what theyre are trying to do.. but im monitoring this stock, though not yet buy any stock yet..if it drop to 2.30 level,i may enter.

2012-08-23 22:44

jc_ooi

Hi, might to ask as this stock is already de-listed and my friend still holding the stock. Now, is the Ambang Sejati will return money automatically to ex-share holder?

2012-11-01 18:04