Wishing valuebuddies a Happy New Year!
It's very unfortunate that a lot of bwl shareholders felt unjust of the $1.36 offer, this is completely understandable because all the offers presented in SGX was at a premium to the last closed, last 30 days, last 60 days price. So, an offer at the last closed price is absolutely not acceptable.
Having says that, bwl had stopped giving out dividend. Official reason is of course C19 uncertainty, need to preserve cash, difficulty in financing, etc.... you got the idea, right?
Without dividend, plus minimally 2 years wait to resume trading - even after bwl gotten DS license would means that there will be weak hand who desperate enough to throw in the towel.... that's a fact, too.
The gesture announced today, at the last day of 2021, although seems very un-reasonable, could be a life-saving for some shareholders who really needs to cash out. Put it this way, for those shareholders who do not need to cash out, they could just ignore this offer. Take it as never happen and continue to live your life. But for those who need this offer, this offer is a excellent way out of bwl.
Obviously, the offer price should be higher. It should be $2.30. On the other hand, if bwl choose to be nasty, the offer price could be 30% lower than last closed price too. So, a safe offer price would be $1.36 aka last closed price.
QED.
What irritated me is Equal access offer messed up my plan of scooping up bwl at the cheap when it's trading resumed. What to do, SGX is too slow to response to our valuebuddies petitions. My only hope is not too many valuebuddies throw in the towel and hold dearly to their shares and SGX wake up and resume bwl trading soon.
Gratitude.
Enjoy: You're Beautiful - Korea OST
It's very unfortunate that a lot of bwl shareholders felt unjust of the $1.36 offer, this is completely understandable because all the offers presented in SGX was at a premium to the last closed, last 30 days, last 60 days price. So, an offer at the last closed price is absolutely not acceptable.
Having says that, bwl had stopped giving out dividend. Official reason is of course C19 uncertainty, need to preserve cash, difficulty in financing, etc.... you got the idea, right?
Without dividend, plus minimally 2 years wait to resume trading - even after bwl gotten DS license would means that there will be weak hand who desperate enough to throw in the towel.... that's a fact, too.
The gesture announced today, at the last day of 2021, although seems very un-reasonable, could be a life-saving for some shareholders who really needs to cash out. Put it this way, for those shareholders who do not need to cash out, they could just ignore this offer. Take it as never happen and continue to live your life. But for those who need this offer, this offer is a excellent way out of bwl.
Obviously, the offer price should be higher. It should be $2.30. On the other hand, if bwl choose to be nasty, the offer price could be 30% lower than last closed price too. So, a safe offer price would be $1.36 aka last closed price.
QED.
What irritated me is Equal access offer messed up my plan of scooping up bwl at the cheap when it's trading resumed. What to do, SGX is too slow to response to our valuebuddies petitions. My only hope is not too many valuebuddies throw in the towel and hold dearly to their shares and SGX wake up and resume bwl trading soon.
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Gratitude.
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Enjoy: You're Beautiful - Korea OST