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+--- Thread: SPH take over valuation $2.03...should you buy...I am doing so... (/Thread-SPH-take-over-valuation-2-03-should-you-buy-I-am-doing-so)
SPH take over valuation $2.03...should you buy...I am doing so... - sgbuffett - 04-08-2021
Quote:Under the offer, SPH shareholders will receive 66.8 cents in cash per share, as well as 0.596 Keppel Reit units and 0.782 SPH Reit units per share.
Keppel Reits = 1.12
SPH reits = 0.89
Total value of takeover = 0.667+ 1.12x 0.596 + 0.89 x 0.782
= $2.03
Stock is now $1.92
A 5.7% gap.
Holding period is 3-6months.
Risk 1 : Takeover voted down Risk 2: The reits fall in price.
Risk 1 is very low chance as takeover is beneficial as Keppel stand to make $600M with Conservative valuation of SPH assets is at least $2.50
Risk 2 is possible but if you are buying reits anyway you are getting these at a 5.7% discount which is attractive.
RE: SPH take over valuation...should you buy. - keys - 04-08-2021
I rather own Keppel...
RE: SPH take over valuation...should you buy. - Gstalk - 04-08-2021
5.7% is not much.
Very risky as the 2 REITS may fall in prices.
Also you will get funny odd lots which will be very difficult to sell at the right price.
RE: SPH take over valuation $2.03...should you buy...I am doing so... - sgbuffett - 29-10-2021
Ong Beng Seng has now organised a group to buy at $2.10 cash.
Congrats to those who bought at around $1.90.....look for counter offer from Keppel....$2.25-$2.30...there is meat left on table.
RE: SPH take over valuation $2.03...should you buy...I am doing so... - Tangsen - 29-10-2021
Why Keppel Reits wanna makan SPH instead of SPH REITs?
RE: SPH take over valuation $2.03...should you buy...I am doing so... - sgbuffett - 29-10-2021
(29-10-2021, 10:37 AM)Tangsen Wrote: Why Keppel Reits wanna makan SPH instead of SPH REITs?
SPH assets are better than assets in the sph reits.
RE: SPH take over valuation $2.03...should you buy...I am doing so... - Tangsen - 29-10-2021
(29-10-2021, 10:39 AM)sgbuffett Wrote: SPH assets are better than assets in the sph reits.
Like that SPH must change name because Press Holding to Property Holdings liow.
Like that Keppel Reits might as well makan SPH and SPH Reits
RE: SPH take over valuation $2.03...should you buy...I am doing so... - forum456 - 29-10-2021
(29-10-2021, 10:31 AM)sgbuffett Wrote: Ong Beng Seng has now organised a group to buy at $2.10 cash.
Congrats to those who bought at around $1.90.....look for counter offer from Keppel....$2.25-$2.30...there is meat left on table.
Keppel will not counter offer because Keppel is forced to do national service so that SPH can get a counter offer.
RE: SPH take over valuation $2.03...should you buy...I am doing so... - sgbuffett - 29-10-2021
(29-10-2021, 10:45 AM)forum456 Wrote: Keppel will not counter offer because Keppel is forced to do national service so that SPH can get a counter offer.
So whole thing is a show for OBS and Temasek to cut meat? ...I won't be too happy if I were sph shareholder.
RE: SPH take over valuation $2.03...should you buy...I am doing so... - forum456 - 29-10-2021
(29-10-2021, 10:47 AM)sgbuffett Wrote: So whole thing is a show for OBS and Temasek to cut meat? ...I won't be too happy if I were sph shareholder.
Do you think that Keppel wants to buy SPH or SPH wants to sell SPH ?
Since SPH wants to split media to the govt, SPH has to change name or sell away.
Look like SPH cannot find private buyer, thus Keppel comes in to buy.
Keppel offer is low so that private counter offer can come in.
RE: SPH take over valuation $2.03...should you buy...I am doing so... - Tangsen - 29-10-2021
SPH sell liow …. General clueless Umbrage do what? Join Pest Anal Partee
RE: SPH take over valuation $2.03...should you buy...I am doing so... - starbugs - 29-10-2021
I think Keppel will counter offer. Not necessarily raise the price by a lot, but increase the cash component and reduce the non-cash components (Keppel Reit and SPH Reit).
This is partly why Keppel Reit rose 3.6% today on 30m units done so far.
RE: SPH take over valuation $2.03...should you buy...I am doing so... - lionkingch55 - 29-10-2021
(29-10-2021, 10:31 AM)sgbuffett Wrote: Ong Beng Seng has now organised a group to buy at $2.10 cash.Good to have competitive offer. I think will close at $2:20
Congrats to those who bought at around $1.90.....look for counter offer from Keppel....$2.25-$2.30...there is meat left on table.
RE: SPH take over valuation $2.03...should you buy...I am doing so... - sclim - 29-10-2021
at a turning point where more vtl is opening, it is better to chase bigger margin counters like those in transport, hotel, casino.
RE: SPH take over valuation $2.03...should you buy...I am doing so... - Sharexchange - 29-10-2021
I bought Keppel corp recently. Purely base in laggard play and technical chart.
RE: SPH take over valuation $2.03...should you buy...I am doing so... - hansamu - 29-10-2021
(29-10-2021, 12:28 PM)Sharexchange Wrote: I bought Keppel corp recently. Purely base in laggard play and technical chart.
Sensible. Good move.
Higher dividend will be paid to shareholders soon.
RE: SPH take over valuation $2.03...should you buy...I am doing so... - sgbuffett - 08-11-2021
Now $2.17 nice rise since the Keppel offer....
![[Image: 3Nr4s1z.jpg]](https://i.imgur.com/3Nr4s1z.jpg)
RE: SPH take over valuation $2.03...should you buy...I am doing so... - sgbuffett - 10-11-2021
(29-10-2021, 10:31 AM)sgbuffett Wrote: Ong Beng Seng has now organised a group to buy at $2.10 cash.
Congrats to those who bought at around $1.90.....look for counter offer from Keppel....$2.25-$2.30...there is meat left on table.
Counter offer is $2.35
I believe OBS group will go to $2.40 ...and that will be the one share holders take. There is still some meat left ...but not as much as before.
-------------
Kang Wan Chern
PUBLISHED 4 HOURS AGO
SINGAPORE - Keppel Corporation has raised its offer to take over and privatise Singapore Press Holdings (SPH) to $2.351 per share
......
The improved offer is 12 per cent higher than Keppel's original offer for SPH announced on Aug 2 and a 9 per cent premium to SPH's last trading price of $2.16 on Nov 9. It also represents a premium of 56.7 per cent to the last undisturbed SPH share price of $1.503 on March 30 and a 7.9 per cent premium over SPH's net asset value per share of $2.184.
......
The move comes after a rival, all-cash offer of $2.10 per share made on Oct 28 by Cuscaden Peak to privatise SPH.
RE: SPH take over valuation $2.03...should you buy...I am doing so... - Sharexchange - 10-11-2021
(29-10-2021, 12:28 PM)Sharexchange Wrote: I bought Keppel corp recently. Purely base in laggard play and technical chart.
How ah..keppel keep spending money.
RE: SPH take over valuation $2.03...should you buy...I am doing so... - sgbuffett - 15-11-2021
(10-11-2021, 08:56 AM)sgbuffett Wrote: Counter offer is $2.35
I believe OBS group will go to $2.40 ...and that will be the one share holders take. There is still some meat left ...but not as much as before.
-------------
Kang Wan Chern
PUBLISHED 4 HOURS AGO
SINGAPORE - Keppel Corporation has raised its offer to take over and privatise Singapore Press Holdings (SPH) to $2.351 per share
......
The improved offer is 12 per cent higher than Keppel's original offer for SPH announced on Aug 2 and a 9 per cent premium to SPH's last trading price of $2.16 on Nov 9. It also represents a premium of 56.7 per cent to the last undisturbed SPH share price of $1.503 on March 30 and a 7.9 per cent premium over SPH's net asset value per share of $2.184.
......
The move comes after a rival, all-cash offer of $2.10 per share made on Oct 28 by Cuscaden Peak to privatise SPH.
OBS group has come back with a new proposal at exactly the price I predicted of $2.40
This will be the final offer.
Congrats to all who bought for good gains
https://www.straitstimes.com/business/companies-markets/cuscaden-raises-offer-for-sph-to-240-per-share-enters-into-implementation
RE: SPH take over valuation $2.03...should you buy...I am doing so... - Galilo_l - 15-11-2021
If successful takeover wat will hapen to hwz forum?
RE: SPH take over valuation $2.03...should you buy...I am doing so... - Sharexchange - 15-11-2021
How ah i own Keppel corp..will hold until next year..