Shares & Derivatives
Stock Incubator Part 1.4 — Nordic Group
By ccloh Strategic Investor Zone  •  November 27, 2021
With reference to the news dated 10th Nov 2021 of Nordic Group launched an acquisition of Starburst Holdings Limited.  The announcement was for Nordic Group to acquire Starburst with a pre-conditional voluntary offer.  The offer shall only be triggered when it has satisfied or waived off the pre-condition on or before 10th February 2022.  Should the deal go through, the offer will be S$0.238/share in cash to all Starburst Holdings Limited's shareholders. As a shareholder of Nordic Group since 2014, this piece of news really caught me off guard.  Firstly, Starburst Holdings Limited is not a competitor of Nordic Group in term of business.  While Nordic Group's business is mainly focused on O&G or O&M sector, Starburst on the other hand is focused on the military related business.  Not even a bit of overlap and that really puzzled me about the news.  Another concern is the financial impact after the acquisition for Nordic Group....
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By ccloh Strategic Investor Zone
Am a typical retail investor who started investing in stock market in 1993, the same length of period as SingTel was listed in SGX and ironically SingTel was my first vested stock. Back then was a passive investor and started to turn more active in stock market in 2006. A year later when I switched my engineering job to a finance related one, I became what commonly known as trader ( trade for living ) and at the same time also strongly believe in fundamental/value investing that is the way to growth wealth. In a way I classify myself as a "Strategic Investor". As a trader, I track market movement daily and as an value investor, I am always on the lookout for cheap bargain to hold for long term.
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