Design Studio - exploded!

mokooi, i now believe that Depa is serious about something - it wants to increase its stake. It made an offer at 55 c in order to entice people to sell out. As can be seen today, there was big volume. And the big queue to buy at 55 was prob Depa. In short, Depa is keen on upping its stake from a mere 25% currently. It wants to see how much it can accumulate using 55 c as the bait. I dont think it will go beyond 50% stake. Fat hope, Depa! Then after a period of time, such as after the offer has closed, it may make a revised offer at a higher price, assuming it wants to increase its stake some more or even take over DS completely. For now, Depa has no hope of taking over the company completely. Not with a 55 cents offer, and not when it\'s starting pt is 25% only. Just my 2 c.

liquidity will be an issue in future if Depa can accumulate a lot of shares by queueing at 55 cents. i agree Depa is the one who was queueing 10 m shares at 55 cents yesterday. Hope people wont sell out at 55 cents to depa, otherwise, liquidity will dry uppp

it\'s disappointing that Prudential did not took the opportunity to drive the share price above 0.55, this indicate that they are actually ok to sell at the price, probably their average price is much lower.. sad case for minority shareholders ... :side:

Prudential bought about 600+ lots at 66c in Jan 10, then on 29 Apr they averaged it down with purchase of 2,000+ lots at about 60c. Hence, their average cost should be around 62c

mokooi, if i were a fund mgr with Pru, i wont necessarily want to do drive up the price as i may have accumulated enough Design Studio shares. in addition, it\'s probably futile as the stock price has to be supported for a sustained period above 55 c. so, just let the market dynamics take its natural course.currently, Depa is the one who wants it badly, just look at the 19 m shares queueing to buy at 55 cents. Depa cannot raise its queue price above 55 cents, so it looks like it\'s going to be trading at the level for some time - unless someone comes in and gobbles up the shares at higher prices. in other words, another suitor.....:laugh:

Hmm... if Deepa successfully acquired sufficient shares of Design Studio, will DS be delisted from sgx? If minority shareholders don\'t accept the 55 cents / share price, can we choose not to sell? Problem now is no small fry dare to buy above 55 cents. 55 cents too cheap liao.. at least 65-70 cents. Those who bought after the news of the litigation came out will be quite happy to exit at 55 cents, when it plunge below 50 cents... But definitely not those who bought before the news...