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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » UBC- Mandatory offer at Rs.25/-

UBC- Mandatory offer at Rs.25/-

+2
Meman
sirimevan
6 posters

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26UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 11:08 am

SHARK aka TAH


Expert
Expert

sirimevan wrote:
So by spending Rs.200/- million extra they have indirectly earned 742 million shares times Rs.10/- that is 7.4 billion
So simply they invest 11.5 billion and make another 7.4 billion by spending 200 million extra
They will recover it through Warrant Issue  tongue 

27UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 11:45 am

sirimevan


Manager - Equity Analytics
Manager - Equity Analytics

check the announcement guys is this not what is said

28UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 11:47 am

SuGi


Manager - Equity Analytics
Manager - Equity Analytics

sirimevan wrote:check the announcement guys is this not what is said

Mokakda lokka eke thiyenne....? plz tell me

29UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 11:50 am

SHARK aka TAH


Expert
Expert

SHARK wrote:The 2% would be equivalent to 21,828,146 Very Happy thats to match the GAP 68%---> 70%

742,156,949 /68*2 =21,828,146

so from
349,250,000 existing shares only 6.25%
(21828146/349250000)

Am i missing something Very Happy



This is what i said yesterday so nothing has changed apart from GMO @25/-

30UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 11:52 am

SHARK aka TAH


Expert
Expert

SuGi wrote:
sirimevan wrote:check the announcement guys is this not what is said

Mokakda lokka eke thiyenne....? plz tell me
Sugi same thing what we said yesterday Very Happy lokka UBC down to 19

31UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 11:53 am

SHARK aka TAH

SHARK aka TAH
Expert
Expert

People are EXITING positions to grab better price ...as we said its coming down

32UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 11:54 am

SuGi

SuGi
Manager - Equity Analytics
Manager - Equity Analytics

SHARK wrote:
SuGi wrote:
sirimevan wrote:check the announcement guys is this not what is said

Mokakda lokka eke thiyenne....? plz tell me
Sugi same thing what we said yesterday Very Happy lokka UBC down to 19

 Sad 

33UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 11:57 am

SHARK aka TAH

SHARK aka TAH
Expert
Expert

The Real Game will be played with Warrants Very Happy and TPG Fund will make a kill out of the deal Very Happy Its a matter of time .....

34UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 12:04 pm

Top Trader


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

So if u have 100 shares, they ll buy 6 shares from u, is my understanding right

35UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 12:06 pm

visionstar


Senior Equity Analytic
Senior Equity Analytic

sirimevan

You are clever enough to see through this deal.
As you said they can earn another 7.4 B by spending 200 M extra by the mandatory offer at 25/= per share.

36UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 12:09 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

UBC in my opinion will settle around 15-16Rs... any thoughts

SHARK

37UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 12:11 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

Top Trader wrote:So if u have 100 shares, they ll buy 6 shares from u, is my understanding right
who ever subscribe for the GMO and based on the final offers it would be pro rata or something like that....

38UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 12:28 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

The new disclosure did not say about the Warrants and it was conveniently left out ...... as to why so much of Warrants issued when it required only 5%

Example 21828146/2%*5%=54,570,365 shares required by TPG to make up 75% from 70%
The Deal confirms 218,281,250 warrants to be issued = 163,710,885 (218281250-54570365)

Lets assume existing shareholders subscribe to the warrants then 349250000+163710885=512960885

349250000*25Rs=8731250000
163710885*16Rs=2619374160
Total = 113,5062,4160/512960885 =Cost 22Rs more or less for the existing share holders Very Happy

TPG will start selling at much lower (22Rs) as their cost is 16Rs and make 4-5Rs profit and thats a 31% Profit on their Investment one shot Very Happy

39UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 12:30 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

So My advise to the New BUYERS is to collect it below 15Rs effectively @Rs 11 Very Happy

40UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 12:40 pm

Meman


Manager - Equity Analytics
Manager - Equity Analytics

For all these to happen it will take months. No point buying expecting 7% of the shares to go at 25. Same like in IPO you will lose at the end.

41UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 12:47 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

We can give them min 2 years to see how this work out....

As said CBSL will pass anything and everything if they see Dollars coming into the Country

Imagine the CUT, Alex will get out of this deal and also the other Board of Directors ......

Who will have the last laugh Very Happy

42UBC- Mandatory offer at Rs.25/- - Page 2 Empty Re: UBC- Mandatory offer at Rs.25/- Fri Aug 15, 2014 12:48 pm

SHARK aka TAH

SHARK aka TAH
Expert
Expert

These will be channelled to Mauritius Bank Accounts Very Happy know ...very good ne

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