E-Pay Asia Share Discussion Threads

[freddie ferret] 10/10/2013 13:07

PROPOSED EXEMPTION
As at LPD, Simon Loh is the largest shareholder of GHL with a total direct and indirect shareholdings of 55.69 million GHL Shares, representing approximately 30.64% of the issued and paid-up share capital of GHL (less treasury shares).
Simon Loh is also the largest shareholder of EPY with indirect shareholdings of 35.07 million EPY Shares, representing approximately 61.60% of the issued share capital of EPY, held via his wholly-owned company, Tobikiri Capital Limited.
Pursuant to the Proposed Acquisition, and assuming the Offer is implemented and Simon Loh accepts the Offer in return for GHL Consideration Shares, Simon Loh's direct and indirect equity interest in GHL may increase up to 54.69% upon completion of the Proposed Acquisition and excluding the impact of the Proposed Share Issuance. In this event, pursuant to the provisions of the Code, Simon Loh and his PAC will have an obligation to undertake a mandatory takeover offer for all the remaining GHL Shares not already held by them.
Simon Loh and his PAC propose to seek an exemption from the obligation to extend the aforesaid mandatory takeover offer pursuant to the Code.

[monkey puzzle] 10/10/2013 11:34

Freddie,

The way I am reading this is that we are being offered 2.75 shares in GHLSYS for every EPY shares we own.

At a rate of @5:1 between the Ringgit and the £ I can see that the total value on offer from the new shares is pretty much on a par with the cash offer from them at 40c a share, in fact they are almost identical (albeit I have converted Aussie Dollars to the £ etc etc etc).

On that basis, unless we see a big shift in the price of GHLSYS there seem little attraction to take the shares instead of the cash for me at least.

Happy to be educated/corrected re the above.

[monkey puzzle] 10/10/2013 11:21

Freddie,

I found this, looks like the best site I could find as it is the company's home page and it has all the links you could wish for...go indulge yourself...

www.ghl.com/announcements-to-exchange

[monkey puzzle] 09/10/2013 17:55

Cheers for doing that.

Not a clue on the other market options, never really heard of it until now.

What do you reckon to the share allocations, sounds like it would bet better than taking 40c...but as you say what could you with the shares?

[freddie ferret] 09/10/2013 17:01

MP.

Done.
The problem is how you trade Malaysian shares?
TDW does seem to trade Singapore.
I need to know more.
If I can find the ticker for GHL.......
For ISA purposes the market needs to be a "main" market.

[monkey puzzle] 09/10/2013 16:48

Could you put that article link into the header btw....tia

[monkey puzzle] 09/10/2013 16:48

Freddie,

Thanks for sharing that...nice article...wish we had more journos who write like that elsewhere...interesting last para....wonder if the offer of 2.75 shares would stick if their share price keep moving up though?

[freddie ferret] 09/10/2013 15:49

On the FX chart it is looking quite hopeful 1.685 as I write.

[monkey puzzle] 09/10/2013 13:39

That would be very good.....all helps

[freddie ferret] 09/10/2013 13:36

Interesting on the FX chart, we may see a break downward IMHO.

[freddie ferret] 08/10/2013 14:47

This has now trebled in price in less than three months. The trigger was the vast improvement in the six month results. By Dec we might see $1 Australian however the icing will come from a strengthening of the AU$/£ rate, parity would be nice. :-8))))

[monkey puzzle] 08/10/2013 14:44

Indeed there were offers from both a US company who ended up being a large shareholder and from Loh himself...although they were much lower at around 17c/20c as I recall.....

[freddie ferret] 08/10/2013 14:42

I seem to remember some while back there was an offer from another party 2-3 years back?. I'm not going to dig for it.

[monkey puzzle] 08/10/2013 13:11

Bid closed at 0.45c last night so looks like people are buying on the basis that another offer will come in with the bottom being the 0.40c offer anyway as security....not much risk for them if it works out either way.

[freddie ferret] 07/10/2013 17:03

Links to the current offer are at the bottom of the header.

[freddie ferret] 07/10/2013 16:38

Links to this offer are at the bottom of the header.

The current bidder is listed on the main market of the Bursa Malaysia Securities Berhad, I am not sure if that counts as a main market for ISA purposes also I am not yet sure if I could trade on that exchange through TDW, anyway if you want it you have the option of 2.75 GHL for one EPY. It is interesting that the two boards share directors, and the IBC (independent board committee) comprises only two directors. The IBC is not due to report until December so there is good time for other parties to enter the fray.

[monkey puzzle] 07/10/2013 09:44

At $1.7AUS to £1GBP that makes the share price around 23.5p......so after all these years of sitting on huge losses, this bid price plus the large special dividend we got previously means my losses here have narrowed considerably....had it got to 50c on the bid I would come out with profit....still happy to be here rather than at 13c and no big dividend after all this time...and maybe we might see another bid yet.....all in all a reasonable outcome from the nightmare that was EPY not so long ago.

[monkey puzzle] 07/10/2013 09:39

BIG News out in Ozz.....

Bid offer made for EPY at 40c per share.....due to complete in Jan 2014 and looks like a done deal to me unless a superior offer materialises....Loh has committed to accept via his TCL holding of 20% and a further 40% seem to be in the bag too leaving just 40% unnaccounted for.....so we will get a nice New Year cheque in the post or sharehodlers can opt for shares in the company proposing the takeover...see details below:

[monkey puzzle] 07/10/2013 05:56

Another big volume rise....

[freddie ferret] 24/9/2013 15:44

Phone them, there is a 0800 number and as a new client I am sure they will talk to you. Will try to find it. Here it is 0800 1381900

[monkey puzzle] 19/9/2013 10:44

wouldn't you need to transfer your shares to TD or can you do it from paper certs?

[freddie ferret] 19/9/2013 10:40

TDW trades Oz shares, place your order when the Oz market is open in my experience.