Design Studio - exploded!

Mel
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13 years 9 months ago #4198 by Mel

Replied by Mel on topic Re:Design Studio - exploded!

PKC, do you think Depa will up its offer price? After all, it has a lot to gain from a more serious offer. On another matter, I have a feeling that another investor has been accumulating the stock. Who knows, maybe there will be an offer from it?

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PKC
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13 years 9 months ago #4202 by PKC

Replied by PKC on topic Re:Design Studio - exploded!

I guess so, considering the strategic value that DS will bring to Depa. As Kim Eng said, even at 87c, the acquisition will still be earning accreditive to Depa. However, whether they will offer that price is another matter. One forumer said that Merrill Lynch accumulated some minority stake. However, I think it\'s most likely only for potential short term gain. Any other offerer would have to be in similar business as DS.

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neontet
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13 years 9 months ago #4207 by neontet

Replied by neontet on topic Re:Design Studio - exploded!

PKC, I believe there is some Big Fish accumulating Design Studio, and it is not necessarily in the same biz as Depa or DS. Look at the queue this morning of 1 m shares waiting to buy at 55.5 cents. Since it cannot possibly be Depa, clearly Big Fish is recognising the value of the stock and wishes to accumulate big time. Design Studio shareholders who wish to sell out should never accept Depa\'s offer so long as there is an open market offer to buy at higher prices than 55 cents.

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Dongdaemun
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13 years 9 months ago #4216 by Dongdaemun

Replied by Dongdaemun on topic Re:Design Studio - exploded!

Chances are U r right that there is a Big Fish swallowing a lot of Design Studio shares. This morning, there was a married deal involving 500,000 shares at 55.5 cents. Big Fish is busy. Implication: a stock run-up to come?

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Dongdaemun
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13 years 9 months ago #4254 by Dongdaemun

Replied by Dongdaemun on topic Re:Design Studio - exploded!

Just read on SGX that Depa\'s offer closes Aug 12 - which is abt 2 weeks away. Realised that up to now, Depa has no announcement of acceptance of offers and no announcement of purchases on open market. The offer will not garner what Depa wants cos the 55 ct offer price is too low. every day, some investors (big or small, i dont know) appear to be accumulating at 56 and upwrds, which makes Depa\'s offer unattractive.

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mokooi
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13 years 8 months ago - 13 years 8 months ago #4277 by mokooi

Replied by mokooi on topic Re:Design Studio - exploded!

So, DEPA revised offer to $0.65 per share... is this the END for Design Studio? Straits co and the CEO must have sold out already.. pity.. can\'t even see $0.70 ...

Last edit: 13 years 8 months ago by niadmin. Reason: dont risk a defamation suit

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