【SAM】:Off Market disposal 9.1m Share



一般上大股東賣股, 給人的一般影響都是對公司前景沒有信心。這次off Market disposal 9.1 million 的股份, 是否又代表了SAM前景不樂觀呢?
先說DISPOSAL的詳情:

                            





Disposal Quantity: 9,100,000 Units
Disposal Unit: SPE
SPE Wholly own by SAM singapore
SAM SINGAPORE Wholly Own by ACCURON
ACCURON Wholly Own by Termasek



Termasek deemed Interest changes 
from: 5,7841,241Unit(68.51%)
To: 48,741,241 Units (56.46%)

Disposal Type: Off Market

我的看法:

投資者不用過度緊張, 有幾件事請要理清,
  1. 9.1m Units 是off Market trade, 那應該不是賣給一般散戶, 那是買給誰?
  2. 9.1m是總股數的9.48%,如果是賣給單一投資者/機構, 那該股東將成為大股東, 按交易所的規定超過5%的大股東必須對股東回報,必須有Annoucement。
  3. 既然是場外交易, 不是在市場賣給散戶, 很明顯的此交易很大可能是建立與welling to buy, welling to sell basic, 對散戶的利益沒有影響。

既然對散戶既得利益沒有影響, 那影響的是什麼?

股權比例





 有跟進SAM的投資者應該不會忘了對SAM而言大家一直以來的一個隱憂就是2017年9月ICULS到期轉換, TERMASEK 的持股會達到106.055m股, 是到時總股數135.167m股的78.46%, 超過了BURSA最低公眾持股25%的最低要求, 到時會面臨下市的下場。

現在買了9.1m之後, 就算2017年轉換后TERMASEK總持股只有71.73%, 公眾持股任然有28.27%, 達到了交易所的最低需求。

也就是說, 一直以來大家擔心的一個問題已經不存在了。

總結

對單單這件事而言, 不覺得是壞事, 不過有需要跟進後續進展,
  1. 這9.1m的股權是賣給誰, 如果是單一投資者, 這幾天一定會有ANNOUNCEMENT.
  2. Termasek 有很大可能會在近期提早轉換ICULS
  3. 如果真的如此, 今年很大可能會派特別股息
最近其實很不捨的出手了近20%的SAM, 原因不是SAM現在面臨的美金匯率和產能停滯問題, 而是加碼了另外一只讓我流口水又苦於投資資金不足的公司。。。

至於是那家公司, 有時間繼續和大家分享。。。

預知後事如何, 請待下回分曉!





菩提薩埵 依般若波羅蜜多故 心無罣礙 無罣礙故 無有恐怖 遠離顛倒夢想 究竟涅盤
投資如修行,”心“很重要。 【股海无涯】投資事件簿, 
記錄股海漂泊中的 潮起潮落 是非成敗

Share this

Related Posts

Previous
Next Post »

4 comments

comments
14 April 2016 at 15:16 delete

During last year AGM, an Indian (name unknown to me) who was a major shareholder. but has shares under numerous accounts (his family and relatives), told the Board he wanted to hold more. Highly likely I suspect the person behind is him. The reason why is because he was the previous beneficiary of past direct shareplacement

Reply
avatar
14 April 2016 at 15:24 delete

this move to me is positive as it helped SAM to increase its public spread, although the price transacted may spook some investors a bit as the price transacted was way below current price

Reply
avatar
14 April 2016 at 15:42 delete

ya, i think is the good things too.what is the price transacted? i dont see it from the annoucement.

Reply
avatar
14 April 2016 at 16:40 delete

Go to direct business transaction. Price transacted 5.40. Knee-jerked reaction today.

Reply
avatar

最新回復