Saturday, August 24, 2013

How To Process SMDC Shares After Tender Offer

UPDATED as of 9/13...

Were you not able to exchange your SMDC shares to SMPH shares?

There are a lot of people who have been asking me how they can process their SMDC shares since the tender offer had passed. I haven't experienced this so I really can't share a firsthand experience but I was able to contact a more knowledgeable person and stock market mentor in the Truly Rich Club forum through our "facebook-like" social networking. It's a lot easier to post queries.

I called the numbers given to me by the mentor from Truly Rich Club and I was transferred to this number below.

Contact numbers:
+632-840-7000 loc. 32104


I was able to talk to a person named Michelle. Tell her you weren't able to exchange your shares during the tender offer.

Here are the questions I asked her and below are the answers I got from her:

1. Can an SMDC shareholder still tender his/her shares even if the offer has ended?
Answer:
Right now, SM Land Inc. has already acquired their targeted percentage of share. (As far as I can remember they targeted for 95% and they were able to acquire more than that). As of the moment, it is under discussion on whether SM Land Inc. will still consider processing the acquisition of the remaining stocks of those who weren't able to tender their share. Please tell Michelle your name and how many shares you still have as they are listing it down. There's no assurance that SM Land will still buy those but they might use the information (on how many shareholders are still willing to sell their shares) in deciding what to do. Again, there's no assurance that they will buy it but at least give it a try to have your name and number of shares included in the list.

2. Can I still post a sell order to my SMDC shares in PSE?
Answer:
No. Since transacting of SMDC shares has been suspended and SMDC filed for voluntary delisting already. This means SMDC will not be actively participating in the buy and sell transactions in PSE.

3. If I can't tender my shares to SMDC and I can't sell it in PSE, what will I do with my shares?
Answer:
Option #1. Sell it. To whom? To individuals who are willing to buy it from you. It will be your responsibility to look for a buyer and to process the buy and sell manually to SMDC office.

Option #2. Keep it and enjoy the benefits of being a shareholder like receiving dividends. Dividends will be sent to you directly.


I know this is a not-so-good news for those who weren't able to tender their shares but I hope this post enlightened you with how things are going to be. Appreciate your feedback if you have any. Please post comments below.


P.S. Again, for newbies out there who wanted to join the stock market but have no idea how to do it. Do not be discouraged if you aren't knowledgeable enough or you have ZERO knowledge in stock market. There's a club who can help and guide you, and that is the Truly Rich Club.

Join Truly Rich Club so you can send direct messages to stock market experts. I was able to get information on the contact numbers through a stock market mentor in the club. The club also releases newsletter and stock alerts whether to buy, sell or hold their suggested stocks. No need to worry about researching and narrowing down a list from all the very good companies to invest in. The club does those researches for you. If you want to join the club, just click on the image below:

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Happy Investing everyone! And may success be to you.







14 comments:

  1. Called them and they advise me to wait for PSE announcement for SMDC. If news is SMDC delisted, Now what?

    ReplyDelete
    Replies
    1. If a stock is delisted, it is no longer traded freely in PSE.
      When that happens, other investors won't have visibility on your stocks.
      You cannot post a "SELL" order in PSE. Therefore, you are restricted to sell your shares to SMDC or to some other investors who are willing to complete a transaction (processing stuff by yourselves) on buying your shares.

      It might result to very low value of the shares you are holding (or worst, no value at all for other investors). One good thing that might happen is that SMDC will at least buy your shares since they want to privatize SMDC. Bad news, they will most probably buy it at a lower price since it will be harder for you to sell it to other investors. So you are pretty much left with no other good option than to sell your shares to them. Again, I haven't experienced this. What I am sharing you is based from researches I have made.

      Delete
  2. Call your broker today . . . there seem to by last minute negotiations to accommodate non tendered shares.

    ReplyDelete
    Replies
    1. Thanks for the tip. Please call the number I have given above also.

      Delete
  3. Not so usefull info, the numbers listed is for BDO Securities who got a commission for during the tender offer and are not interested in the remaining share holders or outstanding shares, they did their job and have washed their hands clean of it all now, the brokers are useless, I use FirstMetroSec, and they havn't been helpfully at all, no information, no contact details, nothing just saying that the shareholders are on their own, that it's out of their hands.

    ReplyDelete
    Replies
    1. The lady I talked to in the number above offered to list down all those who are willing to sell their shares still and inform SM Land. You might want to give it a try. Thanks for your comment by the way. I admit not all posts give good news.

      Delete
  4. Board approval of acquisition of #SMDC shares that were not tendered during tender offer conducted by SM Land, Inc. http://ht.ly/qsde9 #PSEi

    ReplyDelete
  5. Hello there. I received an email from my broker (BPI Trade) that there will a shareholders meeting for SMDC shareholders on November 25. Emails mentioned SMDC is willing to pay shareholders that were not able to tender their shares. Would like to know if there other shareholders like me who were not able to tender their shares??? Kindly email me ecfernan@yahoo.com

    ReplyDelete
    Replies
    1. smdc will buy our shares but how much? will u attend the special board meeting?

      Delete
  6. I am sad that this happened.
    can anyone advise what is the current status of those people who are not able to tender their shares of smdc for the given period?
    thanks for helping.

    ReplyDelete
  7. Hello! Please count me in. I haven't attended the board meeting scheduled today, what will happen to smdc stocks not tendered?? TIA for the reply! :)

    ReplyDelete
  8. Any update on this matter? Thanks.

    ReplyDelete