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Correct the wording is expectant of an offer being made at any time. Watch out could be close of play today. Or even tomorrow end of day just before the vote.
Interesting... i just re-read the wording of the RNS. On the previous occasion when the counter 'offer' was announced the board used a very dismissive tone in their counter RNS... saying they still urge shareholders to back nats deal. However, this time round... nothing mentioned about still urging shareholders to back nats deal in absence of an confirmed offer... they must now be thinking and believing an offer is likely to come and hence have distanced themselves slightly from nat's deal. just a thought
circa 23% + 4.5% should give them circa 27.5%. I think they only need 25.1% to scupper Nats deal as i believe under the takeover code Nat needs 75%. I believe they must be confident in getting the 23%.... and therefore have played in cool...
Discussions with austrian banks 23% stake. Get them on side. And the rest is history. Good buying pressure so far.
Alexios - you are brave shorting. We will see who prevails soon. I hope you are wrong... but good luck anyway.
Whoever gets Raiffeisen Bank's shares wins. I think the delay in an offer forthcoming is related to the delayed negotiation between Widjaja and the austrian bank. I think this will be concluded today. Widjaja needs Arms... simple.
Arms officials must be waiting at the doors or watching the phone. They are aa excited as we are that they had to let us know. A few may sell today but ACE is a serious outfit with big backers. Its time to hold your nerve. The brave will win.
Don't believe anything you read in the papers. These guys announce intentions to buy and sell assets and nothing ever happens. It is a stalling tactic to run ARMS into its financing deadlines and go bust. The only thing that can save this company is to get a refinancing done and get on with business. Otherwise shares will go to zero.
To date, no offer has been forthcoming. The Company will inform its shareholders if and when any such offer is received, as to the details thereof notified to the Company and, following due consideration, as to the Board's recommendation in relation thereto. Short
Nat needs 75% I think. Therefore if the Austrian bank sells it's 23% to Sinar Mas, to the will Argles share they will have enough to scupper nats deal. No wonder they have not been in a panic to make offer known asap. They can afford to stake it out till 22 April's vote. We should have an interesting day of trading tomorrow. Early 30s is my guess.... unless if red dot hits at 7am. If it comes late 30s possible... good luck
As I have said and as that really interesting article confirms, the ACE offer is so much better than the NR offer. "The offer is stronger than Nat's on all fronts," Argyle's chief investment officer Kin Chan told The Business Times. "Nat's open offer is essentially a takeover to get to 60 per cent by stealth which would box in shareholders to only one route with no possibility of an exit. Our offer provides stakeholders with a real choice," said Mr Chan. Can,t wait for the fireworks tomorrow.
Widjaja said Nat is a banker what's he going to do if he gets control?. How true what the hell has he done over the years? . Share price from £10 to 28p well done Nat.
Article lovr this line . An attempt by a banker to wrest control of a distressed asset that may never recover. Also Austrias raiffeisen bank is thought to be in talks with several buyers including the sinar mas group for its 23% stake in ARMS.
I read this as well and you are right this is a must read by all share holders. This explains the bigger picture. Now we know why a shell company ACE is being used to bid for ARMS. And the backers and numbers involved are massive. Now it all makes sense. Happy holding. Red dots will appear soon.
This has been the best article I have read in recent days which explains the complex Web behind the takeover. http://business.asiaone.com/news/unifiber-pinning-hope-asia-resource-takeover Looks promising... could have a battle on our hands ...
U better not be serving those stale donuts again in ur next illuminati chapter meeting or Nat and I ain't coming
U have been watching to many game of thrones reruns lol
Wants to share his warm thoughts during these troubled , turbulent times. Always brings tears to dear ole nanny www.youtube.com/watch?v=qde5NMy7WTU
Me too
That's not the way I read it. I could be wrong. I thought Nat's offer was to give with one hand (25p per share offer) and take from the other (dilution from capitalisation usd 100m). Net effect would be be a new SP <25p. If we do not get noises of a confirmed offer over the weekend I think it will be too late to influence the voting on 22 April. If no offer over the weekend I fear the Templar Night and a member of the Illuminati is going to win out. If that happens Monday will be carnage....I hope not.
Proxy vote is on 22 April. By May / June Nat will be basking in the sun counting his profit.
... but sadly not the one we are looking for...wait continues...
....market closed. For those like me still here good luck. Hope the Indonesians come through with a confirmed offer.
Doubt offer would be confirmed during trading hours. If it comes it would have to after close or before open on Monday. I am hoping for post close as otherwise they are going to miss out on shareholder votes that go for Nat s proposal.