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Everything will settle at the stock market where to play and how to win. Reminds me of a recent HK movie... the situation is familiar.
heavenknow ( Date: 02-Sep-2013 10:26) Posted:
So key takeaway from this incident is want to hit the dog, have to see who is the master first.
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PT Indofood Sukses Makmur, the Indonesian noodle maker, may bid for the rest of
China Minzhong Food Corp. (MINZ) after a slump in the vegetable processor?s shares following a report by short-seller Glaucus Research Group.
Putian, China-based Minzhong received a letter from Indofood saying an offer may be made today, according to a statement from Minzhong. Indofood
doubled its stake in Minzhong this year to 29 percent, according to data compiled by Bloomberg.
Enlarge image 
Indomie Instant Noodles
Laborers unload boxes of PT Indofood CBP Sukses Makmur's Indomie instant noodles at a port in Pekanbaru, Riau province, Indonesia.
Laborers unload boxes of PT Indofood CBP Sukses Makmur's Indomie instant noodles at a port in Pekanbaru, Riau province, Indonesia. Photographer: Dimas Ardian/Bloomberg
Minzhong tumbled 48 percent on Aug,. 26, the most since its April 2010 share sale in
Singapore, taking its market value to S$347 million ($272 million) after Glaucus questioned the company?s accounts in a report. The company last night denied the allegations, describing them as going beyond fair comment.
The statements by Glaucus, which has an office in
Newport Beach, California, were made with the sole objective of driving down the company?s share price and gaining from the decline, Minzhong said yesterday.
Jakarta-based Indofood said last week it?s comfortable with its investment. Indofood conducted due diligence before making its investment, Director Thomas Tjhie said Aug. 26, adding he had spoken to Minzhong?s chief financial officer about the Glaucus report.
Will they offer 20% premium above last traded price?
So key takeaway from this incident is want to hit the dog, have to see who is the master first.
My frn, director no need to sell now. They will buy. Shortist have to buy at whatever price Indofood offered.
Slowturtle ( Date: 02-Sep-2013 10:19) Posted:
Only 655 Mil shares issued. If majority shareholders unwilling to sell at low price, short sellers in limbo and will have to buy up to cover.
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The whole idea of Indofood buying is to kill the shortist and increased the market share. When investor regain the confidences, all the securities fund be it retailer will start to follow in where the price will move higher.
I believe they are plotting how much do they need to offer for glaucus and all the shortist to buy back - dig their own grave.
Only 655 Mil shares issued. If majority shareholders unwilling to sell at low price, short sellers in limbo and will have to buy up to cover.
Or
current price, average of 5 days also can ! MAS ruling also apply lah...
notmybiz ( Date: 02-Sep-2013 08:46) Posted:
Am I right to say Offer Price must be higher than six months average? If correct, those vested HUAT!! |
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Glaucus Research:
???
I guess Salim won't be stupid offer > 50C, depended how sereve is their accounting problem!!!
Those who bought at $0.5x really earn until bu qin bu chu, at the expense of shortists.
The most is $1.
More likely .80....
Salim will only buy cheaper than 1.12
大 家 一 起 发 ！
Peter_Pan ( Date: 02-Sep-2013 09:38) Posted:
| Now is to see what will be Indoagri's offer price...if above $1...Glaucus can go holland liao... |
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Wrong la..
Olam got Ah Ma Temasek
CMZ got Ah Gong Salim (richest man of Indonesia)
guragon ( Date: 02-Sep-2013 09:30) Posted:
Glaucus did not learn from Muddy Waters!!!
Olam has big Ah Gong GIC
CMZ has big Ah Gong Salim, the richest man in Indonesia
Chinaman cannot lose face!!! |
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Now is to see what will be Indoagri's offer price...if above $1...Glaucus can go holland liao...
Glaucus did not learn from Muddy Waters!!!
Olam has big Ah Gong GIC
CMZ has big Ah Gong Salim, the richest man in Indonesia
Chinaman cannot lose face!!!
Sista,
Baca PM.
Or might be it is part of the plan for Indo and ask Glaucus Research to provide help to lower down the price. Both win -win, get low and sell high.
Indofood shortsqueeze. Shortsellers worst nightmare came true. You dont go around creating panic and reaping millions out of frighten souls, even if wrong.
Cup noodles from Indofood ?
Aberdeen123 ( Date: 01-Sep-2013 22:58) Posted:
Strangely, I find the release of CMZ response report was a very calculated one.Look like what some have said is to buy time so that Glaucus will not have sufficient time to response for all to study in time for the 1st trading after the halt.This is to stablize the share px.
Looking at the scale of the report I do not think it requires 2 and 1/2 day duration to come up with.Besides the picture did not come with date/time stamped and marjority of the pictures seemed taken from IPO catelogue time.The factory space looked so new and sparsely.Some of machinery pics looked so clean and new like for demo purposes only.Only the production line on cup noodles was acceptable.
brunica ( Date: 01-Sep-2013 21:30) Posted:
Yes maybe you are right, they did in purpose to reply so late today , then they have time to sell their shares tomorrow before Glaucus respond to their announcement..
Good I can sell at good price and then short sel |
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Skali Indofood offer $1.00 another conglomerate counter-offer $1.20 like F& N saga.
Investors sitting on holding will be laughing their way to the bank.
