Neratel

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(30-07-2012, 09:50 AM)KopiKat Wrote: It'd appear so...
In the 1st place, I was wondering why they embarked on a Scheme Offer instead of immediately buying over Eltek's 50.05% stake and then doing a General Offer + mopping up shares in the open market. They'd have immdiately gotten majority control even if they don't succeed in privatising NeraTel.

I think this was the questions on a lot of shareholder's mind at the scheme meeting too. According to Jorgen Larsen (Non-Exec Director and Adviser to Eltek ASA), Eltek tried to sell their 50.05% stake to companies in many countries including Asia, China and ME. It appears that no one is interested in just buying over Eltek's stake.

Personally I still find it hard to believe that Eltek spend nearly 2 years trying to sell their stakes and all they managed to attract was a half-hearted offer from ST Eng.

So either the company is really being over-valued by Mr. Market and its shareholders or there are some pertinent and material facts not in the public domain that stop companies from buying into what appeared to be a fundamentally strong and well run company.

Frankly the whole thing is a little fishy or maybe I'm being watching too many conspiracy theories shows. Undecided (Vested)
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(30-07-2012, 02:23 PM)lonewolf Wrote:
(30-07-2012, 09:50 AM)KopiKat Wrote: It'd appear so...
In the 1st place, I was wondering why they embarked on a Scheme Offer instead of immediately buying over Eltek's 50.05% stake and then doing a General Offer + mopping up shares in the open market. They'd have immdiately gotten majority control even if they don't succeed in privatising NeraTel.

I think this was the questions on a lot of shareholder's mind at the scheme meeting too. According to Jorgen Larsen (Non-Exec Director and Adviser to Eltek ASA), Eltek tried to sell their 50.05% stake to companies in many countries including Asia, China and ME. It appears that no one is interested in just buying over Eltek's stake.

Personally I still find it hard to believe that Eltek spend nearly 2 years trying to sell their stakes and all they managed to attract was a half-hearted offer from ST Eng.

So either the company is really being over-valued by Mr. Market and its shareholders or there are some pertinent and material facts not in the public domain that stop companies from buying into what appeared to be a fundamentally strong and well run company.

Frankly the whole thing is a little fishy or maybe I'm being watching too many conspiracy theories shows. Undecided (Vested)

Nera Telecomm is basically just a distributor and a system solution provider.
The danger of buying Nera is that the Nera equipment source, Ceragon, may stop supplying NeraTel.
Or, Ceragon may setup another company to compete with Nera.

But, I thought it is kind of stupid since Nera network of business in asia is pretty extensive and also, the group's expertise and experience in provides system solutions.
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(30-07-2012, 02:54 PM)yeokiwi Wrote:
(30-07-2012, 02:23 PM)lonewolf Wrote:
(30-07-2012, 09:50 AM)KopiKat Wrote: It'd appear so...
In the 1st place, I was wondering why they embarked on a Scheme Offer instead of immediately buying over Eltek's 50.05% stake and then doing a General Offer + mopping up shares in the open market. They'd have immdiately gotten majority control even if they don't succeed in privatising NeraTel.

I think this was the questions on a lot of shareholder's mind at the scheme meeting too. According to Jorgen Larsen (Non-Exec Director and Adviser to Eltek ASA), Eltek tried to sell their 50.05% stake to companies in many countries including Asia, China and ME. It appears that no one is interested in just buying over Eltek's stake.

Personally I still find it hard to believe that Eltek spend nearly 2 years trying to sell their stakes and all they managed to attract was a half-hearted offer from ST Eng.

So either the company is really being over-valued by Mr. Market and its shareholders or there are some pertinent and material facts not in the public domain that stop companies from buying into what appeared to be a fundamentally strong and well run company.

Frankly the whole thing is a little fishy or maybe I'm being watching too many conspiracy theories shows. Undecided (Vested)

Nera Telecomm is basically just a distributor and a system solution provider.
The danger of buying Nera is that the Nera equipment source, Ceragon, may stop supplying NeraTel.
Or, Ceragon may setup another company to compete with Nera.

But, I thought it is kind of stupid since Nera network of business in asia is pretty extensive and also, the group's expertise and experience in provides system solutions.

lonewolf,
Thanks for the info!


yeokiwi,
I believe Ceragon is already a competitor to NeraTel.
Also, don't forget that NeraTel is not only in Telecom but also in InfoComm, which was contributing a bigger share of Revenue and Profits in recent years. Even in Telecom, they're also carrying other brands although it's likely Nera brands is the main product for this segment.
Further, I see their core competence to be in System Integration + Support, so, it's not inconceivable for them to switch to another Principal if they can get the distributorship.
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------
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thanks.previously 60/6-----> now 9/6 become clearer now...thanks
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Anything brewing? Rise to 43 cts just now
The thing about karma, It always comes around and bite you when you least expected.
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(06-09-2012, 02:40 PM)WolfT Wrote: Anything brewing? Rise to 43 cts just now

Nothing brewing here except Kopi and Teh... Big Grin
Don't tell me you are out again... Tongue
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------
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(06-09-2012, 07:33 PM)KopiKat Wrote:
(06-09-2012, 02:40 PM)WolfT Wrote: Anything brewing? Rise to 43 cts just now

Nothing brewing here except Kopi and Teh... Big Grin
Don't tell me you are out again... Tongue

I'm still vested. Target price not met yet! Smile
Seem like no chance for me to enter at 405 liao..Confused
The thing about karma, It always comes around and bite you when you least expected.
Reply
(06-09-2012, 09:22 PM)WolfT Wrote:
(06-09-2012, 07:33 PM)KopiKat Wrote:
(06-09-2012, 02:40 PM)WolfT Wrote: Anything brewing? Rise to 43 cts just now

Nothing brewing here except Kopi and Teh... Big Grin
Don't tell me you are out again... Tongue

I'm still vested. Target price not met yet! Smile
Seem like no chance for me to enter at 405 liao..Confused

I guess I'm not the only one waiting then. Tongue
Reply
(10-09-2012, 07:51 PM)Jon-san Wrote:
(06-09-2012, 09:22 PM)WolfT Wrote:
(06-09-2012, 07:33 PM)KopiKat Wrote:
(06-09-2012, 02:40 PM)WolfT Wrote: Anything brewing? Rise to 43 cts just now

Nothing brewing here except Kopi and Teh... Big Grin
Don't tell me you are out again... Tongue

I'm still vested. Target price not met yet! Smile
Seem like no chance for me to enter at 405 liao..Confused

I guess I'm not the only one waiting then. Tongue

Wah... there were many days in early Aug when it was going for that price. On 8-Aug, I thought the sky was falling when someone even dumped 1Mil shares at $0.40. Altho' immobilised by fears, I managed to grab the last few lots...Tongue
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ,百战不殆 ;不知彼 ,不知己 ,每战必殆 ------------
Reply
(10-09-2012, 09:20 PM)KopiKat Wrote:
(10-09-2012, 07:51 PM)Jon-san Wrote:
(06-09-2012, 09:22 PM)WolfT Wrote:
(06-09-2012, 07:33 PM)KopiKat Wrote:
(06-09-2012, 02:40 PM)WolfT Wrote: Anything brewing? Rise to 43 cts just now

Nothing brewing here except Kopi and Teh... Big Grin
Don't tell me you are out again... Tongue

I'm still vested. Target price not met yet! Smile
Seem like no chance for me to enter at 405 liao..Confused

I guess I'm not the only one waiting then. Tongue

Wah... there were many days in early Aug when it was going for that price. On 8-Aug, I thought the sky was falling when someone even dumped 1Mil shares at $0.40. Altho' immobilised by fears, I managed to grab the last few lots...Tongue

Ah Yes! on 8 aug.It is only for a short while around 1426hrs. Managed to grab a hundred lot.
The thing about karma, It always comes around and bite you when you least expected.
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