JunJie2525
2022-03-08

$Razer(01337)$I read the joint announcement issued on 24/01/22 and 21/02/22 from Razer website, these are some key info I found:


24/01/22: as per HK securities rule, Scheme Document on the privatization cannot be issued in the 60 days preceding the publication of annual results.

Razer expect to publish annual results on or before 17/03/22, thus Scheme Document cannot be issued yet. Also before issuing the document, Pre-Condition (ie: filings clearances from relevant Authorities) must be fulfilled.


21/02/22: razer has been granted a further waiver and deadline for dispatch of Scheme Document is now change to 04/04/22 or before.

As of 18/02/22, Pre-Condition has been fulfilled, next step is subjected to the satisfaction or (where applicable) waiver of the Conditions.


In conclusion (I'll put my money where my mouth is) I think we should expect to get a firm and finalise date of privatisation. We know the price is HKD 2.82, so I'm plan to buy a few more lots and then cash out on the date of privatisation. 


I would love to hear your thoughts (Good or bad all welcome!!!)

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Comments

  • Kim Jeong 金熔
    2022-03-09
    Kim Jeong 金熔
    Thank you! Please keep us posted...
  • AyKing
    2022-03-08
    AyKing
    Now seems like a bear market. I Might consider to buy more if share price drop below $2. Whats ur target price?
    • JunJie2525: 
      I don’t have a specific target price but I always do dollar cost averaging. It might not go below $2.1 anytime soon, unless a big shock or sudden withdrawal of privatisation offer
  • jollyfo
    2022-03-08
    jollyfo
    RAZER has recently fallen to the recent bottom, around 2.15. Whether you can buy it depends on the overall performance of the Hong Kong stock market. As you know, the index has also been falling recently.
    • JunJie2525: 
      Yes agree. I realise i am very very bad at catching the stock at a good price, so I stock to dollar cost averaging to mitigate my risk
  • fluffik
    2022-03-08
    fluffik
    Thank you for your timely information, which will be of great help to me.
    • JunJie2525: 
      I do what I can. Hope you prosper too :)
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