Design Studio - exploded!

You can go to DS website under Insider Trades. Depa has been major share holder since 2006 and progressively buying since 2008. I also visited Depa website, they are now one of the world\'s largest interior design companies, and growing through organic and M&A. They have targeted South East Asia as their mid-term growth area.

should hit 40cts next week.. :side: mokooi wrote:

looks pretty disappointing to me... should trade lower from here on... toward 40cts probably .. :side:

BROADWAY, DESIGN STUDIO: What analysts now say..... www.nextinsight.biz/content/view/2604/60/ Management firmly declared that the alleged claim was without substance and stood ready to defend the case. No contingent liability would be made. We believe that the market has overreacted and see this as a good opportunity to accumulate the stock on weakness.

Depa offer to buy DS at 0.55, seems like trying to get DS on the cheap, I fear current management or major shareholders is also in cohort with Depa, if that the case, minority shareholders will get the short end of the stick.. PKC wrote:

I\'m not surprised if Depa may acquire DS taking opportunity of current low price. It has progressively increased its stake to 25% now. If they cross over 30%, then they have to make general offer.

Can the takeover offer succeed? Depa owns only 25% currently and it wants to own more than 50%. I dont think they will get enough acceptances of the offer by minorities at such a cheap price of 55 cents. There is no irrevocable undertaking by management or other SS to sell to Depa, so I think this Depa is trying its luck. :laugh:

My prediction finally came true. I have been observing Depa moves for quite some time in the Insider Trading of DS\' Website. About 6 months after the litigation case appeared in Mar 09. Depa bought 10m shares from the CEO also at 55c. About 1 month after the case appeared again, now Depa is taking opportunity from the low price and offered to buy the rest of the shares. I don\'t think the mgt in cohort with Depa to buy on the cheap. After all they are not the buyer. As for me, I definately will not sell at 55c.