Shares & Derivatives
Poker Game Over CH Offshore & UE E&C
By (The) Boring Investor  •  January 26, 2015
After the last poker game (i.e. privatisation offer) with Capitaland over CapitaMalls Asia in Jun last year, I was invited to another 2 poker games, this time over CH Offshore and UE E&C. How should I play these 2 poker games to extract maximum value from them? CH Offshore This game should end very soon, with the cash offer from Falcon Energy at $0.495 expiring on Mon at 5.30pm. The Independent Financial Advisor recommended that shareholders should reject the offer or sell the shares (if they so wish) in the open market if they could get a higher price. The largest shareholder, Chuan Hup Holdings, has also announced that they would not accept the offer. In fact, they have even increased their stake in the company. For me, a key consideration for not selling is the fact that the revalued Net Tangible Asset (NTA) of the ......
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By (The) Boring Investor
nvestor, Engineer, Photographer, Blogger, Friend and Son.
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