Aabar Arabtec takeover

[maq3012]

ARTC closed at 15% (up) lock in on speculation that AABAR Investment is intrested to take a stake in ARTC. AABAR closed at 2.32.

[bandakok]

[Cash King]

Hi Friends ,

Do we believe that the Current move at the ARTC counter looks like a Hostile Takeover ?

Good for small share holder & alarming for the current management.

The Chairman ARTC Mr. Raid Kamal has already off loaded his share holding since 2007 todate.

Any way interesting developments.

lets wait and see.

Cheers

[Novice_investor]

[Cash King]

Hi Novice,

Yes we try to track the record through DFM web site.

Actually I bought the shares on Jan 05,2005 The First Day of Listing on the DFM and I am still holding the shares.

I saw AED 20 per shares and also AED 0.73 per shares. LOL

So if you are invested you keep a track even your eyes are closed.

Thanks

Cheers

[Novice_investor]

[Cash King]

Dear Friends,

Today ARTC issued press release at DFM web site regarding the latest news. Which is in arabic.

Can any one knows what it means? Translation.

Thanks

[AUHanalyst]

Reuters 30 December 2009:

Arabtec says no truth to Aabar stake buy rumor DUBAI - Arabtec (ARTC) said on Wednesday there was no truth to market speculation that Abu Dhabi's Aabar Investment (AABAR) would take a stake in the construction heavyweight. The rumors had driven the Dubai-listed firm's stock more than 20 percent higher this week. On Monday, Arabtec's chief executive told Reuters he was unaware of any reason for the sharp run-up in the company's shares.

[Cash King]

Dear Friends,

First Happy New Year to all.

The Year 2010 bring happiness to both Bulls & Bears of the markets.

Q: Do we ask ARTC's Management when we buy the shares of ARTC from the open market?

A: NO

So why Aabar Investment will talk and discuss with ARTC before buying Shares of ARTC from Open market?

What I guess that market rumours is misinterpret?

In my opinion Aabar Investment may sense some big Contracts in Abu Dhabi, Saudi Arabia may be buying the shares of ARTC from the open market.

Further more What I guess is that ARTC Management may be holding less controling share.

No smoke without fire.

Thanks & Cheers

[ixtira]

The press release on the 30th denied rumors that Aabar are going to invest in the company.

I agree with Cash King ... No smoke without fire

[sharewadi]

[Novice_investor]

happy new yr friends... grt start...

no smoke without fire... i agree... but where is the fire...

i think the fire may not be the aabar thing... though it may have added some oil to it...

artc is a strong co. anyways... with well diversified projects... cash flow problem was anticipated but now money is coming back in the market...

to come to the point... looking at the stock movement... i am expecting a very pleasant surprise on the bod meeting of artc... and i doubt it would be a dividend... considering that they need the money now to complete and expand... infact being a shareholder i would not want a dividend... maybe a rights issue?

thats more like it...

rgds
Novice

[sharewadi]

[OnlineTrader]

I been watching and monitoring ARTC for past couple of sessions, Most of trades look very manipulated to me.
I mean it is like you already agreed with someone to sell/buy an specified amount of share at an agreed price.

I have have this feeling, only feeling!, that this takeover is taking place right now.

[Novice_investor]

[Cash King]

Dear Friends,

The ARTC & Aabar Case is a simple Hostile Take over in my opinion . It happens in most of the markets. Not a new phenomenon.

Please try to understand that it usualy happens when:

1) In bear market or crisis some time management sell their own shares OR some Major share holder offload and increase the market floating shares . Ultimately some smart investors take advantage and pick the share slowly and steadly.

2) The smart investors never buy from his own account and use a number of proxy accounts in his staff or friends names.

I know that there are too much experience and well trained people sitting at DFM, ADX and ESCA. They Know very well about such circumstances. so all such press release are of No value.

I have seen such thing in my stock market life many times.

Most of the time small share holder are beneficial.

If you read the Accounts of Aabar Investment 2009 then we are force to think that they want to take the advantage of huge infrastructure construction boom in GCC.

Only CDS - Central Depository Settlement can issue report about the current status of Share Holding by the current Managment.?

Lets see what happen on the BoD meeting on Jan 06,2010.

Cash Dividend - Out of Question
Bonus - May be 50:50- How Much ?
Right Issue : May be 50:50- How Much ?

They can announce Bonus as they earn around 50% of the Capital. EPS is 0.50+ per share.

Any way tomorrow is the historical moment for all Residents of UAE.

Congratulation to entire team of Burj Dubai.

Cheers

[sharewadi]

[bandakok]

If anyone has noticed although Emaar was shooting up ARTC was kept at bay. It could be very well be a takeover and keeping the share value as low as possible .
In my openion there is a takeover happening which will increase share value close to 5 .last 3 week of DEC can anyone find the n# of shares traded? There is no smoke without fire .

[OnlineTrader]

[ixtira]

[Maha]

Hi all

lets assume if... there will be hostile takeover / merger (in my view it is unlikely in UAE) will happen than what will be the prices of;

ARTC 2.73... to 5... or more less than 2.73
AABAR 2.25 ...to 5... or more than 5 a well

means which share is better to buy now which have more upside. I think aabar is better as it is giving hostile bid and the shareholders of aabar will benefit

time will show, however all experts views are required

[bandakok]

normaly the company being taken over shares go up in value to increase share value and could go up higher in case of more than 1 bidder..
i wish i knew the office boy of ARTC or ABAAR, he he. We all know there will be also Saudi guys looking to buy or have a share of ARTC, its a matter of time only.

[bandakok]

BOD meeting delayed till 7th (Thursday), i wonder why always news comes when market is closed.

[maq3012]

I feel the Aabar bid to takeover Arabtec shares is on. Both the companies are on high volumes. Wait and watch for another press release.

[OnlineTrader]

Again 2.96 looks very strong to be broken.
However bulls have taken control of ARTC ans it seems since both ARTC and AABAR going up simoltaniously, then there are some serious discussions which will be in the meeting.