Well guys, Looks like I am out. Those that tendered at $0.41...

First 10 Last

Share
Profile

Follow
hummms

1,415 Posts.

1

27/01/15

17:25

Post #: 14647409
Share

Originally posted by Klogg ↑

It's worth mentioning that there are still plans for the on-market buyback, even after the Dutch auction.

Expand

Originally posted by hummms ↑

Hi ,

Thanks for the ASX listing link.

The management is trying to buy up your shares on the cheap. Your sellout loss transfers across to them as profit.
The threat to move to UK means professional investors decline to buy. Shareprice drifts.

We dont know the agenda [ but mop up of small parcels is telling us they want to clear a pathway ] so the most disruptive stance is to delay the accumulation of shares by TSM
What they hope to achieve with the buyback tender in 2 months might take 3 years in the open market.

My response is to tender my shares @$0.41 cents. But not all shares. I have held onto 4000 shares ; ie 2 parcels of $500 worth. If we all did this it should help negate the present proposed mop up of small holdings as evidenced in the buy back tender. Cl 2.10 in ASX rules talks about insufficient shareholder spread and the conequences.

Delisting from the ASX could be achieved by not paying the listing fees. [ My interpretation ]
I don't know but imagine that a cowboy attitude like that would bar a subsequent listing on the AIM in London

Expand

Well guys,

Looks like I am out.
Those that tendered at $0.41 were accepted and the $0.42 people were scaled back.

Was it the right call ? It all depends on the next purchase !

TSM Price at posting: 35.0¢ Sentiment: Hold Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

HotCopper Highlights: Your most watched stocks for Week 48, 2024

ADD

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

RSG

Resolute shares bounce back as second payment made to Mali government to secure workers' release

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher

There are more pages in this discussion • 1 more message in this thread...

First 10 Last

Add TSM (ASX) to my watchlist

Well guys, Looks like I am out. Those that tendered at $0.41...

Top Stories

HotCopper Highlights: Your most watched stocks for Week 48, 2024

Parkes Au-Cu project to 'transform' Adavale Resources with key targets

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Dale Gillham's weekly wrap: Bold moves in NZ, caution in Australia

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

Resolute shares bounce back as second payment made to Mali government to secure workers' release

Ice-cold winner: Cryopreserver Vitrafy escapes November's IPO struggles to end debut week higher