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When u r a small fish.. its very hard to gobble up a big fish.. its like koi trying to swallow arowana.. not possible right.. the small fish is being overly ambitious.. so they might need to get the help of other small fishes...
Now the major hurdle for them is the major shareholders..
teeth53 ( Date: 27-Apr-2010 22:06) Posted:
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For more info, pls click following,
http://www.channelnewsasia.com/stories/singaporebusinessnews/view/1052934/1/.html
SINGAPORE: The dual listing by United Kingdom-based insurer Prudential could likely hit a snag if moves by its biggest shareholder to break up the company pushes through.
The Capital Group, which owns 12 per cent of Prudential is said to have approached three other UK-based insurers for a consortium bid, according to the London-based Times.
Acquisitions vehicle Resolution and Aviva were among the names that surfaced in the reports amid growing shareholder concern over Prudential"s bid to takeover AIA.
Prudential is set to acquire the Asian arm of American Insurance Group for US$35.5 billion and some shareholders believe the insurer may be overpaying for the acquisition.
They also raised concerns over the lack of information and the details on what exactly Prudential is buying into.
"The market seems to agree with the notion that Prudential is overpaying for the takeover of AIA's Asian operation," said Roger Tan, vice president of SIAS Research.
Prudential is intending to list on Hong Kong and Singapore stock exchanges to gather more shareholders in Asia, before the annual general meeting to vote on the takeover convenes on May 27.
It is undertaking a US$21 billion rights offer to fund the deal, which will make its market capitalisation higher than rivals AXA and Allianz.
Very likely, book making in progress and even more remote selling cheap. After all not cheap to bot over AIA, in others word small fish eat big fish, now asking GIsick cum Temasick to vest.
Expensive investment, buy high, sell higher.
My guess...hmm.. $5 ?? The total amt they paid to buy AIA is TWICE that of their market capitalisation in Asia.. analysts have downgraded PRU stock in UK.. plus they need to issues lots and lots of rights shares to fund this rather ambitious expansion plan of theirs.. aiming to monopolise the whole asian markets?? very likely..
It is okay for CMA, the fund eventually still sculates in Singapore, nowhere else!
des_khor ( Date: 27-Apr-2010 15:51) Posted:
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This one will be like anotehr CapMAsia... expensive !!
This burger prudential no money yet want go all out to bid high high to buy AIA assets in asia. Now they go begging around asia to ask investors for money to help fund that egoistic purchase. They need your money, lots of it thru high high valuation, for AIG (seller of AIA assets) to repay back the bailout money that AIG owed the US Govt.
GIC wants to invest so should we also invest? No lah, dont let the financiers take us for patsies.
i guess abt $2-$2.50
i think won't be that cheap.. Looking at Great Eastern its trading around $15 plus right now? Haven't check GE price for sometime lo.. i think most prob PRU ipo won't be cheap too on a comparative note.. and more suitable for those with more $$$$ on hand.. plus looking at Great Eastern daily trading volume n liquidity, i dun think this PRU ipo will bring about much hype or excitement..
Any educated guess how much per share they will be offering?
Pru shares to start trading here on May 11
http://news.asiaone.com/News/The%2BBusiness%2BTimes/The%2BBusiness%2BTimes.html
BRITAIN'S largest life insurer, Prudential, has confirmed its plans to float its shares in Singapore, giving the Republic its most high-profile listing to date. Prudential's shares will start trading in Singapore on May 11 and on the same day in Hong Kong, where the company has also just received regulatory approval to be listed.