CH Offshore

[smallcaps]

30% = mandatory offer.

Peh and Falcon can combined to make an Offer


Sent from my iPhone using Tapatalk

Wondering that this kind of situation dun need trading halt? Is there also a time limit to meet to make an offer once cross 30%?

[opmi]

30% = mandatory offer.

Peh and Falcon can combined to make an Offer


Sent from my iPhone using Tapatalk

Wondering that this kind of situation dun need trading halt? Is there also a time limit to meet to make an offer once cross 30%?

unless they and their connected parties already have 30%. the investment holdings holding the stake that Peh bought may have been related party. So it may be a transfer of assets.

Why is Peh want to consolidate everything under his name???

Falcon Energy and CH Offshore bosses know each other. I guess it will be more collaborative than competitive. Take out minorities then share the spoils..

[freedom]

Unlikely there is going to be a mandatory offer.

If you look at top 20 shareholders, you can find another Peh in the list with more than 2% of shareholding. I would assume that they will act in concert in terms of their shareholding.

Plus, if there is going to be a mandatory offer, he has to announce it together with increase of shareholding.

[smallcaps]

Unlikely there is going to be a mandatory offer.

If you look at top 20 shareholders, you can find another Peh in the list with more than 2% of shareholding. I would assume that they will act in concert in terms of their shareholding.

Plus, if there is going to be a mandatory offer, he has to announce it together with increase of shareholding.

Yes, u r right. I juz read the Code. If got mandatory, need to announce within 30 mins.

[smallcaps]

Unlikely there is going to be a mandatory offer.

If you look at top 20 shareholders, you can find another Peh in the list with more than 2% of shareholding. I would assume that they will act in concert in terms of their shareholding.

Plus, if there is going to be a mandatory offer, he has to announce it together with increase of shareholding.

Yes, u r right. I juz read the Code. If got mandatory, need to announce within 30 mins.

So I guess it means if Peh acquires around 2.7 mil more shares within 6 months, it will then really be a mandatory offer. Unless he has so many friendly forces to add up to more than 50%...

[smallcaps]

Here's a link to Hong Leong's research on a pure osv malaysia IPO (Icon Offshore). The size quite similar to CHO except that it is not pure AHTS and it lacks bigger size AHTS, net profit around the same. But the valuations are vastly different... It is an IPO after all.

The report does have some interesting day rates information for its vessels by type, BHP.

Icon Offshore Berhad
http://cdn1.i3investor.com/my/files/dfgs...306019.pdf

[smallcaps]

http://infopub.sgx.com/FileOpen/FORM1.JC...eID=295379

Interesting insider purchase...

Exactly one month later, now its Mr Peh's turn. His total interest has increased from 29.94% to 30.56%. Wonder how Falcon feels about it?

http://infopub.sgx.com/FileOpen/_FORM1.P...eID=300350

The change in interest arose from the purchase by Mr Peh Kwee Chim of 100% of the issued shares in a company,
Grassroots Ltd, which holds 4,360,000 shares in the Listed Issuer.

Juz one day later (today), Peh's interest has increased by another 356 lots to 30.61%, purchased through Chuan Hup. Makes me wonder if he's hinting about the level of dividend that CHO is going to give this FY ending soon, and whether those buy up near the end of the day to 45 cents knows something I dun know about...

[smallcaps]

Another reminder of the likely reason why insiders of a pure AHTS owner like CHO, are buying now, from today's issue of Seatrade Asia Week:

http://seatradeasiaweek.com/207_SAW_6June2014.pdf

OSV oversupply fears dismissed
...
The AHTS segment, in fact, is increasingly
looking undersupplied as relatively few vessels
were ordered in the last two years, due partly
to fears of an oversupply situation during the
secondhalf of 2012. Lee highlighted that new
supply of AHTS vessels has been readily
absorbed by the market, and it is “now clear
that no oversupply situation exists.”

[orangetea]

Another reminder of the likely reason why insiders of a pure AHTS owner like CHO, are buying now, from today's issue of Seatrade Asia Week: http://seatradeasiaweek.com/207_SAW_6June2014.pdf OSV oversupply fears dismissed ... The AHTS segment, in fact, is increasingly looking undersupplied as relatively few vessels were ordered in the last two years, due partly to fears of an oversupply situation during the secondhalf of 2012. Lee highlighted that new supply of AHTS vessels has been readily absorbed by the market, and it is “now clear that no oversupply situation exists.”

I see quite a few offshore use vessels in bright orange anchored near Marina jetty and they have been sitting there for quite some time already...
If its tight, then i am sure they won't sit there for so long.

[smallcaps]

Another reminder of the likely reason why insiders of a pure AHTS owner like CHO, are buying now, from today's issue of Seatrade Asia Week: http://seatradeasiaweek.com/207_SAW_6June2014.pdf OSV oversupply fears dismissed ... The AHTS segment, in fact, is increasingly looking undersupplied as relatively few vessels were ordered in the last two years, due partly to fears of an oversupply situation during the secondhalf of 2012. Lee highlighted that new supply of AHTS vessels has been readily absorbed by the market, and it is “now clear that no oversupply situation exists.”

I see quite a few offshore use vessels in bright orange anchored near Marina jetty and they have been sitting there for quite some time already...
If its tight, then i am sure they won't sit there for so long.

Yep not yet, accordingly to the reports. More like within one to two years down the road and its dependant on vessel type, size and age.