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yes sir!
thank you heber and tbird for your work to make this known many moons ago.
The latest from Maybank fwiw...
http://research.maybank-ib.com/pdf/document/UMWH_CU_20130204_MIB_3126.pdf
A simple google search on WSP ADS ratio change might clear it up...
http://ir.wsphl.com/phoenix.zhtml?c=216706&p=irol-newsArticle&ID=1656378&highlight=
dawn breaks on Marblehead...
yes, that is irrelevant however as the offer was made per ads.
but that is per Wuxi common stock share? IE q1 WH is 1ADS = 10 Wuxi Common??
alzheimers... is it the end of Q1 yet? :)
I have 15K I'd like to have turn into $3. (each to be clear!)
anything resembling an update?
Has nothing to do with the ADS ratio...the 1 for 5 reverse split adjusted offer is $3.00 (original offer of $0.60 X 5).
I see that but I was sure it was 6:1 which made the 50 cent per share going private proposal $3.
I don't know when 10:1 started appearing nor do I know where $0.67 came from. I suspect $0.67 per WSP share might be book value?
From page 1 of the most recent annual report...
“ADSs” refers to our American depositary shares, each representing ten ordinary shares
http://www.sec.gov/Archives/edgar/data/1418225/000148662012000007/d29418.htm
Interesting- where'd you hear that one?
Last time I checked, the well-capitalized Yiduo Group/HDS Investments was planning to take them private with the assistance of Oaktree Capital and UMW Holdings. UMW Holdings, one of the largest public names in Malaysia & 23% owner of WSP, has even made public statements about participating in the privatization of their WH position. I'm sure you know of Oaktree Capital and Howard S Marks.
I'd love to hear more about the source of this rumor. I suppose .67 per common share doesn't sound all that bad when factoring in the ADS ratio. I will gladly accept $6.70 for each of my ADS shares.
Any additional insights you can provide or is this a personal thing between you and Scandle?
Rumor has it WH is going to liquidate at .67/share.
Thoughts?
Is there a liquidation involved with going private?
Notification to Importers
This notice serves as a final reminder to importers of their responsibility under 19 CFR 351.402(f)(2) to file a certificate regarding the reimbursement of antidumping duties prior to liquidation of the relevant entries during this period. Failure to comply with this requirement could result in the Secretary’s presumption that reimbursement of antidumping duties occurred
and the subsequent assessment of double antidumping duties.
Notification Regarding Administrative Protective Order
Update on WSP anti-dumping duties:
http://www.ofr.gov/(S(nvfkydqxbabysl4gqkptm2je))/OFRUpload/OFRData/2013-01045_PI.pdf
Added 5k here and will be picking up more on opportunities. Definitive agreement should be soon if planning to close q1 or q2
any news in regards to the closing of the offer?
amen, but after I get filled on my *last* 1000 shares
Bursa Ends 2012 With a Bang
http://www.btimes.com.my/Current_News/BTIMES/articles/20121231233103/Article/index_html
Could we please finalize this deal already?
Just got a confirmation from WSP IR regarding the sales of Houston asset.
I think Bird mentioned to this line
I'm a little burnt out right now, but I missed it...
Look like Houston's sale is already finalized but WSP didn't provide an update
http://www.steeltimesint.com/news/view/southern-tubes-acquires-wsp-houston-octg-jointing-facilities
Still no update on Houston's unit & privatisation . I don't why they have such a poor disclosure. It might be a good sign though (keeping share price low makes it easier for privatisation)
Well, the dip presented itself but I wasn't able to get much.
WH WSP Holdings Announces Third Quarter 2012 Results
http://en.prnasia.com/story/73246-0.shtml
Hoping to hear of definitive agreement in conjunction with Q3 results but ready to buy any dips if presented.
WSP Holdings Announces Results of Its Annual General Meeting 12/20 05:00 AM
--------------------------------------------------------------------------------
WUXI, China, Dec. 20, 2012 /PRNewswire-FirstCall/ -- WSP Holdings Limited (WH:$1.72,00$0.01,000.58%) ("WSP Holdings (WH:$1.72,00$0.01,000.58%) " or the "Company"), a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction ("Oil Country Tubular Goods" or "OCTG"), and other pipes and connectors, today announced that its shareholders approved each of the proposals submitted for approval at its 2012 Annual General Meeting of Shareholders held on December 19, 2012.
Specifically, the shareholders approved:
1. to re-elect Mr. Weidong Wang as a director of the Company;
2. to re-elect Mr. Xizhong Xu as a director of the Company;
3. to re-elect Mr. Longhua Piao as a director and Chairman of the Company;
4. to appoint MaloneBailey, LLP as the Independent Auditor of the Company for the fiscal year ending December 31, 2012; and
5. to authorize each of Mr. Longhua Piao and Mr. Choon Hoi Then (each, an "Officer") to take any and every action that might be necessary to effect the foregoing resolutions as such Officer, in his absolute discretion, thinks fit.
WSP Holdings Announces Conference Call to Discuss Third Quarter 2012 Results 12/20 05:30 AM
--------------------------------------------------------------------------------
WUXI, China, Dec. 20, 2012 /PRNewswire-FirstCall/ -- WSP Holdings Limited (WH:$1.72,00$0.01,000.58%) ("WSP Holdings (WH:$1.72,00$0.01,000.58%) " or the "Company"), a leading Chinese manufacturer of API (American Petroleum Institute) and non-API seamless casing, tubing and drill pipes used in oil and natural gas exploration, drilling and extraction ("Oil Country Tubular Goods" or "OCTG"), and other pipes and connectors, today announced that the Company will host a conference call at 9:00 a.m. Eastern Time on Thursday December 27, 2012 to discuss its unaudited financial results for the third quarter of 2012.
Conference Call
To participate in this live conference call, please dial the following number five to ten minutes prior to the scheduled conference call time: 866 519 4004. International callers should call +1 718 354 1231. The conference pass code is 841 791 14.
A replay of the conference call will be available from 12:00 p.m. ET on December 27, 2012 to 11:59 p.m. ET on January 3, 2013. To access the replay, call 646 254 3697. International callers should call +1 855-452-5696. The conference pass code is 841 791 14.
This conference call will also be broadcast live over the Internet and can be accessed by all interested parties on WSP Holdings (WH:$1.72,00$0.01,000.58%) ' IR website: http://ir.wsphl.com/. To listen to the live webcast, please go to WSP Holdings (WH:$1.72,00$0.01,000.58%) ' IR website at least fifteen minutes prior to the start of the call to register, download and install any necessary audio software. For those unable to participate during the live broadcast, a replay will be available shortly after the call on WSP Holdings (WH:$1.72,00$0.01,000.58%) ' IR website for 90 days.
US Rejects China’s Request For Panel To Mediate WTO Dispute
http://madeinusanews.com/2012/12/11/us-rejects-chinas-request-for-panel-to-mediate-wto-dispute/
Eh, i had to move almost $100k to a private start up... Had to sell something. All my UGLD, LLEN, and TWN, most of my USLV, half my LPH and WH.
Bad timing but I put it off too long already.
I so agree, well worth the wait imo. Cheers!
well, I had to sell some a week or so ago but 15K shares say January is going to be appreciated.
Oh yes WH is sitting right there and once the cross happens UP we go!!! I am still holding all my shares, though I almost sold on that spike above $1.90 I am glad I didn't.
WH is consolidating nicely here for the next big leg after that golden cross. I think most of the short term sellers are now gone and the buyers are beginning to be back in control.
Cheers Mate!
Golden cross just about up on that chart
UMW listed as a stock to watch in Malaysia next week.
http://www.theedgemalaysia.com/business-news/226787-stocks-to-watch-scomi-umw-dayang-ingress-.html
Nothing new, but a WSP privatization mention nonetheless.
Great! I will wait for $2.50+ if it doesn't breakdown along the way. Cheers & Thx Mate!
Malaysia's UMW Plans $500 Million IPO of Oil Unit
http://online.wsj.com/article/SB10001424127887323751104578150631164464850.html
The take private proposal is for $3.
When definitive agreement is announced (anyday IMO), I'd expect it to trade at a 10-15% discount to that. Anything is possible between now and then.
It is probably in my ISP's cache .Or we accessed to different Hoovers' DB servers
http://img255.imageshack.us/img255/6199/imagenyg.jpg
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