Investing – Page 39 – Rock To Riches

The Day Aureus Died (Part 2 No More)

This is way long overdue.

But as much as we would like to give more information about the culprits, we could only do so much for now.

The investigation on Aureus Capital by the Commercial Affairs Department or CAD of the Singapore Police Force is still ongoing. However, the possibility of recovering the USD18 Million claims of victims lodged at the CAD is now almost uncertain.

Apparently, the culprits Michael Atkins and April Samson can not be located.

Meanwhile, if you are based in Singapore, you may try to reach the Chinese daily Lianhe Wanbao under Singapore Press Holdings for media support.

One of their journalists, Kerr Puay Hian, sent me an email to help the victims in whatever way they can and also to spread awareness to the public to avoid becoming victims again of these scams.

Please be aware that there are still more “managed trading forex companies” around the world that are currently recruiting clients for their schemes.

You may contact Kerr of Lianhe Wanbao, Singapore Press Holdings as they are currently working on an article regarding the Aureus Capital scam in Singapore. The media outfit has been receiving complaints from distressed victims and calling them for help and they want to help them as much as they can.

Singapore Press would be willing to listen to your part of the story, as the more information they can acquire the better they could express the situation to the community, help them to gain more traction in the case through public awareness, or at least inform the public to protect themselves from such scams.

You can either email Kerr at phkerr@sph.com.sg or call their hotline at 1800-7416388.

We’re one with our friends who are victims of this big-time scam.

For now we can only coordinate with the police and the media and wait for any development. We hope that the case be resolved soon.

End of the series that never was.

Gear Up for the ASEAN Integration

Manila Workshops, with partner LifeQuest Training and Consultancy Corporation, announced today that it will be hosting the “Gear Up for the ASEAN Integration” conference on September 5, 2015. The conference will take place at the SMX Convention Center, SM Aura in Bonifacio Global City, Taguig, Metro Manila from 9:00 am until 4:00 pm.

The integration of the ten ASEAN countries into one economic community is anticipated to generate significant opportunities for Filipino professionals and entrepreneurs. Thus, the organizers of the conference expect the event to help many understand and prepare well for the implications of the envisioned single market and production base.

Among the speakers at the conference are former Congressman Ruffy Biazon who will talk about “Customs Integration and Philippine Trade: Where are We?,” LEAN management expert Mr. Homer Villa who will explain “Transforming Philippine Manufacturing Through LEAN,” business builder Mr. Sonny Del Rosario who will discuss “Transforming Small Business for the ASEAN Community” and Mr. Elvin Uy who will talk about “K-to-12: How it prepares us for the ASEAN Community.”

For more details about the conference, please email chinky.magtibay@manilaworkshops.com or visit the registration page for Gear Up The ASEAN Integration at the Manila Workshops website.

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Rock your way to abundance!

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3 Reasons To Accept A Tender Offer

Whenever a company issues a “tender offer” to its shareholders, many new retail investors are clueless on what do to inspite of the announcement made by their the company through their stockbrokers.

But what is a tender offer?

A tender offer is an offer by the company to purchase some or all of shareholders’ shares in a corporation by direct means and not by purchasing them on the open market.

3 Reasons Why You Should Accept A Tender Offer

There are investors who are quite attached to a certain stock or company that they find it difficult to let go of their shares even if the stock is ripe for the selling. The same thing is true when there is a tender offer.

However, a shareholder must realize that not accepting a tender offer by the company may not be a very smart idea at all.

Here are some of the reasons why.

1) You may be not be able to sell your shares at your desired price.

There may be less trading activity for that particular stock with a tender offer.

You may not be able to sell your stock at the price higher than when you bought it especially if you purchased it just recently.

In the case of *LRI (LaFarge Republic, Inc.) shareholders who purchased shares in the late part of January 2015 at Php11.90 or even at Php12.00, selling their shares at the same price may not be possible anymore. The current market price is last traded at Php10.12 only.

* LRI has been acquired by AEV CRH Holdings, Inc.

2) Tender offers are usually made to shareholders higher than the current share prices.

The misery may not be too miserable at all if you fail to sell at your desired price.

However, if you are a shareholder in a company that is going private or voluntarily delisting and has purchased the stock recently, you will definitely gain by accepting the offer and selling the stock at the offered price.

The price offered per unit of stock is usually at a premium or above the current market price. Having LRI again as example, its tender offer is Php10.26. This is definitely higher than the current market price of Php10.12.

You might as well just let go and enjoy the ride.

3) Publicly-listed companies may choose to become private.

Another popular term for this is “delisting”.

Many companies make voluntary delisting to minimize or avoid strict compliance with SEC regulations that are imposed upon publicly-traded companies. Others choose to become private when majority of their shares are acquired or taken over by another company.

If you fail to accept the tender offer of a company that is going to be delisted, you will have a hard time selling your shares to the company and to the public when it has finally become private.

In fact, you will not be able to find the same stock and its stock code in your stockbroker’s list of companies any longer. Your shares will become very illiquid.

You may have to seek the assistance of a lawyer or a reputable CPA to help you out in selling your shares to the delisted company or to other interested parties.

Rock your way to abundance!

#moneyliferocknroll

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