And now a potential general offer for Asiatravel shares @ 30 cents.
"....ZhongHong’s intention to make a conditional general cash offer for all of the issued and paid-up ordinary shares in the Company (“Proposed Offer”) at S$ 0.30 per share (“Offer Price”)."
With share price now at 26.5 cents, there is an upside of 13% for those who buy and wait.
On annualised basis, if the wait is 6 months, the return is 26%. Bao chiak one as we say in Hokkien.
PUBLISHED JUNE 04, 2014
Top Chinese firms eyeing Asiatravel.com
No firm offer yet from potential suitors but 'beauty parade' possible
BYANITA GABRIEL
anitag@sph.com.sg @AnitaGabrielBT
The potential bidders have yet to put a firm offer on the table of Asiatravel, an online travel reservation service provider, but a "beauty parade is on hand", according to an industry source - PHOTO AFP
TWO Chinese giants - a leading online travel firm and an e-commerce heavyweight - may be vying for a slice of Singapore-listed Asiatravel.com to tap the booming e-ticketing travel space in China.
The potential bidders have yet to put a firm offer on the table of Asiatravel, an online travel reservation service provider, but a "beauty parade is on hand", according to an industry source.
Mother share is a good pick for yield-hungry investors. 26.5 cents / 27 cents = 10% yield for holding 6-9 months. annualised is about 20% possible.
I don't understand people who are buying the warrants. at 1.9 cents. Exercise price is 27.3 cents. Where got meat left when the chinaman GO is going to give you only 30 cents?
26.5/27 cents will stay this way for a while before rising to 27/27.5 cents and then higher as the process for finalising the 30-cent offer gets underway. Currently, the yield is pretty good because of uncertainty over whether the 30-c offer will indeed materialise. Such is the nature of the market.
And yes, the warrant buyers at 1.9 cents are just crazy, imho.
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