Sinomem said it has achieved more than 90% acceptance to the takeover offer -- so it's compulsory acquisitoin of the remaining shares and then delisting from sGX (probably to surface somewhere like HK or China).

The offer price was very good at 70 cents (correct?) - ard there anyway. Time Watch tonight also made announcement regarding acceptance level to takeover offer ---- but this fella is having some difficulties --0 cos now still at 88%. I think this price was not so attractive but god knows who is holding out.

Anyway, Time Watch was illiquid and low profile - so might as well sell out by minorities and move on.

Yoketiong, looks like people are reading your postings, so the stock is up and away.
51.5 cents. Wishing for 65 cents.

Part of the reality of the market is that companies which have promising prospects and are already doing well - they should go out and tell their story to fund managers, analysts, the media, etc. Sinomem seems pretty low key. If you are not actively courting investors, you don't get much success in terms of a more reasonable valuation for your stock. btw, yoketiong, are you sure of the 5.5X forward PE? it is very attractive

Sinomem seems to consolidated long enough. At $0.475 it is trading at 10% discount to its NAV. ROE 12.9% FY09 and estimated to improve to 15% and 16.3% in the next 2 year (2011 and 2012). Currently have 12 BOT projects and going for at least 40 BOT Projects by 2012...a growth stock trading at 5.5x Forward Earning is a steal to me...