$NeraTel (N01.SG)$ What kind of rubbish company gets lower offer than market price ?
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romantic Rhino_7665
:
Why SGX allowed them to offer lower than the market price? Morningstar Research Fair Value 0.115 , Market trading price 0.079 to 0.080 offer price 0.075 .Big fish eat small fish .
103693475
OP
romantic Rhino_7665
:
No idea...maybe it is triggering the mandatory takeover criteria but they just want to keep it listed so they put in a ridiculous price.
$NeraTel (N01.SG)$ Announced on 6 Sept 2022, company recently secured a 12 months contract of $17m covering period from Jan to Dec 2022. Why only get secured and announced after 8 months into the contract performance? Don’t understand.
$NeraTel (N01.SG)$ Just announced another contract awarded of S$8m for 1 year with option for further 2 years. Was awarded a S$13.7m two year contract in early Aug. Business is on the recovery. Potential writeback of doubtful debts with legal proceedings this 2 months.
Good morning mooers! Here are things you need to know about today's Singapore: ●Singapore shares opened lower on Friday; STI down 0.25% ●MAS transfers S$75b of official foreign reserves to the govt through new RMGS mechanism ●Stocks to watch: Sembcorp, Frasers Hospitality Trust, EC World Reit, NeraTel -moomoo News SG Market Trend Singapore shares opened lower on Friday. The$FTSE Singapore Straits Time Index (.STI.SG)$decreased...
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romantic Rhino_7665 : Why SGX allowed them to offer lower than the market price? Morningstar Research Fair Value 0.115 , Market trading price 0.079 to 0.080 offer price 0.075 .Big fish eat small fish .
103693475 OP romantic Rhino_7665 : No idea...maybe it is triggering the mandatory takeover criteria but they just want to keep it listed so they put in a ridiculous price.
Richardggs 101737937 : What to do if not accept the offer? Can we still trade after the offer deadline?
103693475 OP Richardggs 101737937 : as long as the counter is not delisted or suspended?