Potential Take-Over

More
26 Jul 2017 09:53 #23928 by walterlim
Tung Lok

1. Sam Goi, founder of Tee Yih Jia, who is a substantial shareholder has been buying up shares since May this year.

2. Public float is less than 10%, which makes it easy to make an offer

3. Shares buy up has pushed prices to 52 weeks high as of today.

4. Company has been struggling to break even or make meagre profits in recent years.

5. Potential privatisation offer by Tee Yih Jia to focus on growing business instead of answering to shareholders

Please Log in or Create an account to join the conversation.

More
28 Jul 2017 08:04 #23934 by walterlim
Replied by walterlim on topic Potential Take-Over
For the past three days Sam Goi has been consistently buying up more shares of Tung Lok.

As the 10th richest guy in Singapore, there must be a reason for buying up the shares of a company even though the PE ratio indicates overvaluation at 99 times.

Ownership of the shares has hit almost 20%. With the F&B industry looking so competitive it is highly possible that Tung Lok will be privatised in due course.

Am heavily vested as I am confident of the takeover

Please Log in or Create an account to join the conversation.

More
31 Jul 2017 08:18 #23935 by walterlim
Replied by walterlim on topic Potential Take-Over
Tung Lok chairman has just announced a strategic review this morning.

Again this reinforces the notion of a potential takeover

Please Log in or Create an account to join the conversation.

More
03 Aug 2017 09:23 #23945 by Poh
Replied by Poh on topic Potential Take-Over
well done and thanks Walter. Suddenly now the liquidity is not an issue . sigh

Please Log in or Create an account to join the conversation.

More
03 Aug 2017 09:32 #23946 by walterlim
Replied by walterlim on topic Potential Take-Over
Hi,

What did you mean by liquidity is not an issue?

Anyway, share price has hit $0.215 today since they announced strategic review. Very possible that a buy over offer will materialise soon as Tee Yih Jia accumulates more shares

Please Log in or Create an account to join the conversation.

More
04 Aug 2017 11:00 #23952 by walterlim
Replied by walterlim on topic Potential Take-Over
The stock has risen almost 100% since I pointed out its potential takeover/turn around, congrats to those who ate vested

Please Log in or Create an account to join the conversation.

Share Prices

Counter NameLastChange
AEM Holdings1.450-0.020
Alliance Mineral0.360-0.005
AusGroup0.047-
Avi-Tech Electronics0.4100.005
Best World Int.1.2600.020
China Sunsine1.470-0.020
DISA Limited0.009-
Dutech Holdings0.290-0.005
Federal Int. (2000)0.2600.010
Food Empire0.670-0.005
Geo Energy0.230-
Golden Energy0.360-
GSS Energy0.151-0.001
Heeton Holdings0.5650.005
ISOTeam0.360-
KSH Holdings0.645-
Lian Beng Group0.630-
Miyoshi0.059-0.001
Nordic Group0.540-
Oxley Holdings0.460-
REX International0.051-0.001
Riverstone1.0000.010
Roxy-Pacific0.505-0.005
Serial System0.165-
Sing Holdings0.4350.005
Sino Grandness0.2250.005
Straco Corp.0.760-0.010
Sunningdale Tech1.3300.050
Sunpower Group0.495-0.005
The Trendlines0.125-
Tiong Seng0.395-0.010
Trek 2000 Int.0.155-0.001
Uni-Asia Group1.400-0.010
XMH Holdings0.245-
Yangzijiang Shipbldg0.980-0.100

NextInsight RSS

rss_2 NextInsight - Latest News

Online Now

We have 882 guests and no members online