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(Post 1 of 13600) 06/11/1999.23:22:00 |
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Bought 3 lots of TAC at $3.00. Can anyone advice me what will be the short term and long term target ??? thanks |
| (Post 2 of 13600) 07/02/1999.17:16:00 |
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Fed had just raise yr interest hike by 25 basis point. Throughout the history, FED usually rise their interest rate twice. Hence, we may see the US currency moving higher against $S in near future. Let talk abt TAC sell in lot of 200shares Type : Speculative stock Reached a heigth of US5 and down at a height of US3plus. Business Unit of Thailand listed UCOM and Thai 2nd largest mobile phone operator.Just launched a new share placement in June. Parent companies is seriously searching for a big foreign investor to stake in it maybe this yr or next. As Asia economy start getting better we could predict that there will be much more market consumption in Thai cellular phone market. We could also expect that the market value of this companies to rise higher up in near future. If the parent company report any stake up by foreign investor during this period, it will further pushed the price up to its further height. Furthermore Thai bt is currently moving to neare height against US hence could see investors renew interest in Thai. One bad point is due to Thai government current effort is viewed by economists as not enough to push recovery to new height as compare to Korea. Thus if u are waiting for quick profit this is not a counter for you. NTA BT 23.21 PE 33.4 Trade wif care.... anyone wanna comment on their portfolio? I am moving out from penny stock.... |
| (Post 3 of 13600) 10/05/1999.00:28:00 |
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TAC(200shares/lot) Comparing of 9/18 days wma of closing against traded volume. In early August, notice of the increasing activities in traded volume while prices kept depressing until mid-August and a surprise mini-rally was observed. Prices surge to a height of US$2.78 before succumbing to close below 50 days ma (not shown here). Again, similar increasing activities in traded volume was observed starting around mid-September, while prices have since depress to a recent low of US$1.81(29/9/99) Wk ended 3/9 – 1.85mil shares traded. 2mil shares, 2.3mil shares, 2.7mil shares, 2.7mil shares traded for the following weeks. Suggest – 1st entry for trading buy between US$1.90 - $2.00 Support – US$1.90 / Resist – US$2.20 follows by US$2.76 (strong)  |
| (Post 4 of 13600) 10/11/1999.22:22:00 |
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just 12 comment... dun think TAC is much of a stock for TA analysis.. using a strong word, it is simply manipulated.. 8-P it is quite well known among remisiers that one particular brokerage house is the main player behind this illiquid counter.. they are the seller on some days, buyer on others.. when the counter was between 60cents ~ $1.50, it was alot more liquid.. and almost daily at around 4.50 you'd see some big players coming in to snap up 1000/2000 lots at each go.. on some days the transaction within the last 10 minutes can go up to 5/6000lots... anyway lately, if you look at the transaction record.. very 'beautifully' you'd see transaction of 1.6 0.4 1.6 0.4 0.6 1.4 lots consecutively.. or 2.2 0.8 3.8 1.2 0.2 0.8 etc. no retail buyers going to so coincidentally buy shares at 0.2 0.8 x1000... so it has to be some bored remisier being told to push up volume playing their own game.. hence.. the conclusion is.. can prob forget all about TA.. 8-P if you have bought it at 3$ or 2.5$.. just hold on to it for a while.. doubt the manipulators will let it drift too low.. there will be a chance.. as long as TAC doesn't go bankrupt.. 8-P |
| (Post 5 of 13600) 10/28/1999.16:26:00 |
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Anybody knows why TAC moving up more than 10% today. V Yong at 3.15 pm said of RUMOURS of somebody wanting to buy at $4.0. Just a rumour? |
| (Post 6 of 13600) 10/28/1999.16:41:00 |
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Fairpc, My broker says: "Market talk has it that a Norwegian telco (Telenor) is interested in taking a stake in TAC to increase the former's presence in Asia. Telenor is the 6th largest telco in Europe, and is keen to expand its presence in Asia, particularly Thailand and Taiwan." |
| (Post 7 of 13600) 10/28/1999.16:42:00 |
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Another version is: earnings turnaround: -10% increase in subscriber base, from current 1m -ebita 50% -gearing down by 40% to around 300m -talking again with singtel - for a tie-up -foreign s/h to be raised from 25% to 49% -dbs sec calling a buy... |
| (Post 8 of 13600) 11/05/1999.12:24:00 |
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Friday, November 5 11:55 AM SGT Singapore Hot Stk: Total Access +11.9% On Takeover Talk SINGAPORE (Dow Jones)--Shares of financially troubled Total Access Communications PCL (H.TOA) are sharply higher Friday morning as rumors of a possible takeover resurface in the market, traders said. AT 0340 GMT (10:40 p.m. Thursday), shares of Total Access have jumped 29 U.S. cents, or 11.9%, to US$2.72 on 5.25 million shares. "It's the same old rumor about a possible takeover," a trader at a local brokerage house said. Total Access, a mobile phone operator in Thailand, has said it is looking for a strategic partner. |
| (Post 9 of 13600) 11/05/1999.18:38:00 |
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BANGKOK, Nov 5 (Reuters) - Thai cellular telephone operator Total Access Communication Plc denied on Friday rumours of a takeover which have helped push its shares up sharply. "We are not going to announce any kind of restructuring or any change in the shareholding," Thana Thienachariya, vice president of TAC, told Reuters. He was responding to market rumours Telenor, a Norwegian telecommunications firm, was planning to buy a 40 percent stake at $4 a share. He added there would be no such announcement at a news conference Total Access has scheduled for Monday. Norway's state-owned Telenor has recently agreed to a merger with Swedish counterpart Telia to form Telia/Telenor. Another executive from TAC said Telenor was among four firms shortlisted as a possible future strategic partner, but the pricing and percentage of any stake sale had not been decided yet. "I confirm that the reports of $4 and 40 percent are not true. This is old news with the $4 being added to the name of the potential investor," Nappadon Thongpresert, also a vice president of Total Access, told Reuters. "Yes UCOM (United Communications) (news) has shortlisted a few operators for an alliance with us and the said investor (Telenor) is among them, but no discussions have been held about price or percentage," he said. He declined to name the other firms. Telenor, which bought a 30 percent stake in Malaysian mobile operator, DiGi Swisscom Bhd (news) for $207 million, has said it is keen to expand in Asia and Europe. Fresh from a merger with Sweden's state-owned Telia to become Europe's sixth largest telecom group, Telenor has a modest presence in Asia with small stakes in mobile operators in India, the Philippines, Bangladesh and Hong Kong. It said it was interested in Thailand and Taiwan. A Norwegian newspaper reported late last month that Telenor was interested in acquiring either a 40 percent stake in TAC or investing 2.5 billion Norwegian crowns in the company. Telenor held talks with TAC, one of Thailand's largest mobile operators, last year before breaking up negotiations to concentrate on the merger with Telia. The report said Telenor had returned to the negotiating table at the same time as Bell Canada (news) , which had contacted TAC about a possible strategic alliance. ( (Umesh Pandey, Bangkok Newsroom +66-2 637 5500 ext 416 email: bangkok.newsroom@reuters.com) ) |
| (Post 10 of 13600) 11/06/1999.02:59:00 |
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today i buy 1 x tac @2.76 sold @3.08 |
| (Post 11 of 13600) 11/06/1999.09:41:00 |
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For friends who have TAC positions, this is extracted from CNA market talk forum: HEARD ON REUTERS TAC VP IN BANGKOK DENIED THE COMPANY IS FOR SALE. GOOD LUCK TO THOSE STILL HOLDING THEM. MONDAY BANGKOK PLAYERS WUD SELL THE STOCK THERE AND WE CUD OPEN ARD 2.35/2.40 . GD LUCK DEEPVALI SUCKERS. FYI. I have no interest in this stock, please. Cheers |
| (Post 12 of 13600) 11/06/1999.10:16:00 |
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How about discussing whether syndicates at work to con people and the way they operate - especially regarding TAC movement. I have been observing this stock for the last three years and seen it going from 40 cents to 5 dollars and yesterday from 2.4 to 3.2 and back to 2.75 and probably it will open at 2.3-2.4 range. To tell you the truth, the movement has never been convincing to me and hence I have NEVER taken position in it. It is not a case of sour grape - in fact it is otherway around as I think I am generally spared from the wild swings and as it often the case, the movement goes against the retailers. Any views on the pattern and the mode de operandi? Regards, |
| (Post 13 of 13600) 11/06/1999.11:18:00 |
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TAC likes to go against the flow of common thinking. When everyone thinks it will dip, it will go up...the converse is also true. When the stock smashed through 2.74 yesterday and subsequently broke 2.81..there was no stopping until it hit the day high of 3.22. Bottomline is..who the hell would've thought that it would go so high in the first place. The syndicate's ability to defy rational thinking is one reason why people get sucked in, even after it has run some 50-60 cts...common folks like us ..upon seeing the raging movement eventually get convinced enough to join in the ride. Hence, my gut feel is that the counter will try to test $3 again on Tues before closing weak. I doubt very much it will plunge that dramatically on Tues. Worse case scenario is 2.56 or so... Keeping my fingers crossed. Cleared most of what I had but still have 3,000 shares which I had bought at $2.40 left :) |
| (Post 14 of 13600) 11/06/1999.11:52:00 |
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Thanks e.g.g. for your carefully worded analysis and best luck for your holding which I think you should get out at the first opportunity - I hope I am wrong for your sake. But this counter gives one an uneasy feeling of being in a casino which I hate as equity investment should not be that way especially with so many checks and balances around. Regards, |
| (Post 15 of 13600) 11/06/1999.12:39:00 |
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its amazing why SES never clamped down on the famous stock broking firm that has been manipulating the counter... i suspect the net sellers and the net buyers (at different period) are all the same group of traders... they have a large amount of script for this counter allowing them to control the market either way they want... by pushing up and down the counter, it entice interest from the retailers and the ppl can slowly let go some of their shares... if you see the trend, usually large amount are transacted during a very short period of time to push up/down the market.. subsequently its small distribution.. i suspect the counter will drop to close to 2.30 monday.. drift lower till less than 2$, but there will be another round of play when the next rumour comes out.. but that wld be in months as TAC in thailand actually stepped out to stop rumours yesterday... |
| (Post 16 of 13600) 11/06/1999.12:53:00 |
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Freeier, great observations and perfectly inline with what I had in mind is going on. Why don't THEY calmp down? On one such day, most (atleast lots of) of retailers can die on such counter and profits made from several small trades over months can get wiped out instantaneously. We are at whose mercy? Absolutely no safeguard or laws to protect us? Amazingly true that inspite of all these developments it is still a jungle out there and law of jungle prevails very much. Regards, |
| (Post 17 of 13600) 11/06/1999.13:43:00 |
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Folks...if they did so, the stock market would close down overnight. There will be no more Genting, AFP, Somerset and what have u to play with any more. At the end of the day, people punt because the buy a "glimmer of hope" (same reason why we buy 4D and Toto). If trades go sour..one should not blame the system but the foolishness of having succumbed to greed. Having stringent regulations in place (save for insider trading laws) would stifle us and is contrary to making Singapore a freeier (no pun intended) market. My 2 cts worth. Freeier...am keeping fingers crossed. |
| (Post 18 of 13600) 11/06/1999.14:32:00 |
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freer is spelt without the ie.. 8-P not blaming the system... our overall capitalization is too small for a totally fair system.. small retailers have to follow the big players and hope to catch some scraps they left along the way... anyway believe you wld take a good profit cos most of your position already closed.. from the look of it, i won't be surprised if THE big player will push the counter down from the morning to entice shorter, and allow a rebound and push the counter high up for the whole week to catch the short sellers.. that wld depend alot on the volume as well... opportunity if any1 want to punt.. |
| (Post 19 of 13600) 11/06/1999.19:58:00 |
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my contact told me buy TAC on thursday & queue to sell around 3++ the following day. tat's the exact instruction, i gave to my broker. if i had taken time to monitor the 'crazy price movement', i would have fainted(heehee). e_g_g, my advice is to get out asap since 3lots is not exactly a hefty. this is purely stockist play, and if there is any abnormality, it would be as wat freeier said - to catch shortist. and 7+1 later, it won't be that significant. |
| (Post 20 of 13600) 11/09/1999.11:02:00 |
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Cleared all TAC at 2.91. Good luck to all still holding on . |
| (Post 21 of 13600) 11/09/1999.23:10:00 |
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SINGAPORE, Nov 9 (Reuters) - Total Access Communication Plc said on Tuesday it was in preliminary talks with some potential strategic partners which had not reached any conclusion. The Thai cellular phone company was attempting to clarify rumours that a foreign company was buying a 40 percent stake in TAC. The rumours, that Norway's Telenor was interested in taking a stake in TAC, had pushed its shares up sharply last week. "TAC wishes to clarify TAC has not had any share selling agreement with any particular foreign company and the negotiation was just in a preliminary stage with some potential strategic partners and not yet reached any conclusion," it said. The TAC statement to the Stock Exchange of Singapore did not identify the potential partners. ((Doreen Siow, Singapore Newsroom +65 870 3080, Fax +65 776 8112 singapore.newsroom@reuters.com)) |
| (Post 22 of 13600) 11/10/1999.02:42:00 |
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Total Access says shr sale agreement at preliminary stage SINGAPORE (AFX-ASIA) - Total Access Communication Public Company Ltd said negotiations for a share sale agreement with potential strategic partners are still at a preliminary stage. The company is responding to speculation that a foreign company is to buy 40 pct of Total Access. |
| (Post 23 of 13600) 11/10/1999.12:00:00 |
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Total Access in preliminary talks with potential strategic partners SINGAPORE (AFX-ASIA) - Total Access Communications Public Co Ltd said it is in preliminary talks with potential strategic partners. However, no agreements have been concluded nor any share sale deal signed, it said. The company issued the statement to the Stock Exchange of Singapore following rumours last week that a Norwegian company is buying a stake in the company. At 11:50 am, Total Access was down 0.04 at 2.86 usd on 518,000 shares. |
| (Post 24 of 13600) 11/16/1999.09:44:00 |
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Total Access Q3 opg income 520 mln baht vs 436 SINGAPORE (AFX-ASIA) - Total Access Communications Plc third quarter results: Revenues - 4.69 bln baht vs 3.75 bln Opg income - 520 mln baht vs 436 mln EBITDA - 2.16 bln baht vs 2.06 bln The company said it had an unrealised foreign exchange loss of 4.07 bln baht due to the weakening of the the baht against the U.S. dollar. As of end-September, Total Access said it had 1.0 mln cellular phone subscribers or 43.10 pct of the Thai market. Of these subscribed, 638,600 are analog subscribers while 373,100 are digital subscribers. jb/gms AFN KCS54-16Nov99 01:40 GMT |
| (Post 25 of 13600) 11/17/1999.02:02:00 |
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Tuesday, November 16 3:28 PM SGT Singapore Hot Stk: Total Access Up After 3Q Earnings SINGAPORE (Dow Jones)--Shares of Thai cellular phone company Total Access Communication Pcl. (H.TOA) are up sharply late Tuesday after a third-quarter report showed an improvement in recurring net profit. Around 0720 GMT (2:24 a.m. EST), Total Access shares are up 6%, or US$0.18, at US$3.18 on heavy volume of 3.7 million shares. Total access reported earlier Tuesday afternoon it had a third quarter net loss of THB3.54 billion, compared with a net profit of THB3.94 billion a year earlier (US$1=THB38.735). Pornrat Janejarassakul, an analyst at HSBC Securities in Bangkok, said recurring net profit for the third quarter of 1999 came to THB520 million, up from THB436 million last year. With about US$1 billion in dollar-denominated debt, Total Access's net profit fluctuates sharply with changes in the dollar-baht rate, he said. |
| (Post 26 of 13600) 11/23/1999.11:08:00 |
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Total Access Communications to halve handset prices, upgrade system BANGKOK (AFX-ASIA) - Total Access Communications (TAC) Plc will halve the price of its mobile phone handsets next year in a bid to lift its subscriber base to between 120,000 and 150,000, the Bangkok Post quoted TAC vice president Jaturon Himathongkom as saying. After suspending investment for some years, TAC said it will also launch a 4-bln baht programme to install network infrastructure next year as part of its business restructuring, the daily said. Jaturon said the company is also spending 120 mln baht to advertise promotion packages. He said the network expansion is aimed at maintaining the company's 45 pct market share and improving coverage. The network expansion would largely benefit the PCN 1800 system because the company's analogue 800 MHz system was already providing nationwide coverage, he said. Next year, TAC's PCN 1800 network coverage would be boosted to cover 95 pct of the population, compared with almost 70 pct now, he said. Separately, Mustapha Man-Nga, managing director of TAC said: "We are now in final talks with creditors to provide advance loans for 2001 and next year. Under the 535 mln usd debt restructuring deal, TAC has been allowed to invest up to 1.1 bln baht until the end of next year. In 2001, the company will be allowed to invest 1.7 bln baht, Mustapha said. "We are confident that creditors will provide additional lending of 2.8 bln baht for TAC next year. The creditors are now considering an extra loan of 1.2 bln baht for TAC - giving a total of four bln baht for next year," he said. |
| (Post 27 of 13600) 11/26/1999.13:12:00 |
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Total Access Communication sees strategic partner deal clinched mid-2000 Total Access Communication Plc (TAC) expects to conclude a deal to forge links with a new strategic partner by mid-2000, TAC chairman Boonchai Benjarongkul said. Boonchai said TAC is in talks with one potential investor but at the moment no conclusion has yet been reached, he said. Boonchai said the delay in seeking a strategic partner is due to technical considerations, and is covered by a non-disclosure agreement. "More importantly, the potential partners want to buy at a cheap price and want to have majority control," he said. "TAC is not in a severe financial position and in no hurry to find a partner but we see that a partner is necessary to intensify our aim to improve market share and to further strengthen our financial position," he said. Currently, United Communication Industry Plc of which Boonchai is also CEO holds 68 pct in TAC and wants to maintain a 50 pct holding, Boonchai said. TAC's total debt currently stands at 900 mln usd. 400 mln usd in European Certificate of Deposits fall due in 2001, Boonchai said, adding that the company is in talks with ECD holders whether to convert the paper into equity or extend the maturity date. TAC president Mustapha Munnga said TAC has about 100,000 subscribers using its 800 and 1800 systems and currently revenues are 1.2 bln baht per month. Monthly net cashflow remains positive and is enough to service debt, Mustapha said. "Last year we were obliged to repay 30 mln usd in debt, but we actually repaid 200 mln usd, he said. "The company has announced a restructuring of our marketing department which will significantly improve our financial standing next year in terms of sales and administration costs in particular," he said. The restructuring will reduce costs by 30-50 pct but there will be no layoffs, Mustapha added. "Our combined advertising budgets currently stand at about 100 mln baht per annum,but the restructured marketing effort should save us about 50-60 mln baht annually," he said. Meanwhile, Boonchai added that UCOM's unconsolidated annual revenues currently total about 10 bln baht and the company has outstanding debt of about 10 bln baht. |
| (Post 28 of 13600) 11/29/1999.03:30:00 |
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Total Access Communication cashflow/revenue/costs TAC president Mustapha Munnga said TAC has about 100,000 subscribers using its 800 and 1800 systems and currently revenues are 1.2 bln baht per month. Monthly net cashflow remains positive and is enough to service debt, Mustapha said. "Last year we were obliged to repay 30 mln usd in debt, but we actually repaid 200 mln usd, he said. "The company has announced a restructuring of our marketing department which will significantly improve our financial standing next year in terms of sales and administration costs in particular," he said. The restructuring will reduce costs by 30-50 pct but there will be no layoffs, Mustapha added. "Our combined advertising budgets currently stand at about 100 mln baht per annum, but the restructured marketing effort should save us about 50-60 mln baht annually," he said. Meanwhile, Boonchai added that UCOM's unconsolidated annual revenues currently total about 10 bln baht and the company has outstanding debt of about 10 bln baht. |
| (Post 29 of 13600) 12/04/1999.00:03:00 |
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TAC tops WDR best buys Hong Kong, Dec 3 -- Warburg Dillon Read has recommended investors buy the debt of Thai mobile phone operator Total Access Communication Plc (TAC), a unit of UCOM. TAC is currently in the process of restructuring $900 million of debt with its creditors and plans to detail a proposal to them in January 2000. Of the total debt, $400 million involved bonds due in 2001, and $500 million comprises Yankee bonds and other loans. "We expect continued improvements in TAC's credit profile, supported by sustained debt reduction and our expectation of Thai baht stability of over the medium term," Warburg said. Source: Reuters |
| (Post 30 of 13600) 12/09/1999.21:48:00 |
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BUY BUY BUY good buy |
| (Post 31 of 13600) 12/10/1999.00:08:00 |
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TAC heads for 4.11 From the TA view, TAC looks poise to clear the 3.36 level, followed by 3.65 and 4.11. Momentum looks very strong from the surge today. I have no vested interest in this counter. |
| (Post 32 of 13600) 12/10/1999.00:20:00 |
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Thai Total Access Sees 2000 Net Profit Up 15% On Year By Suttinee Yuvejwattana/wsj BANGKOK -- Thailand's Total Access Communication PCL (H.TOA), a major mobile phone operator, said Thursday its net profit in 2000 will rise 15% from an estimated 1.5 billion baht to THB1.6 billion ($1=THB38.587) this year. Total Access managing director Mustapha Man-nga told Dow Jones Newswires the company expects its subscriber base to grow by 15% next year as the country emerges from its worst recession in decades. "After the economic crisis (in 1997) people slowed down purchasing cellphones, but next year they'll really start to buy again," he said. The Singapore-listed company had 1.07 million subcribers as of October this year, up 10% compared with the same period last year, Man-nga said. Advanced Info Services PCL (H.AIS), its main competitor in Thailand's effective cellular duopoly, has slightly more subscribers. Only 3% of Thailand's 60 million people use cell phones, leaving huge room for growth, analysts say. Total Access plans to invest up to THB4 billion in the next two years on improving its network, Man-nga said. Under a $537 million debt restructuring deal last year, Total Access is limited by creditors to spending THB1.1 billion until end 2000, and THB1.7 billion after this date. Man-nga said the company will talk to its creditors early next year, asking for a formal approval to increase the capital expenditure ceiling. "We don't think they will have any problem on the budget," Man-nga said, adding Total Access was already ahead of schedule on repaying debt. Most of the budget will go to expanding the coverage of its digital system to reach 95% of the country by early 2001 from a current 67% coverage rate now. Total Access' analog system already covers most of the country, but like Advanced Info, the company is trying to focus on the higher margin digital service. Man-nga said the company has generated enough cashflow to increase capital expenditure and pay back interest and principal on restructured debt ahead of schedule. "We expect to settle the $537 million restructured debts by 2002, two years faster than the schedule," he said. Under the restructuring deal, creditors agreed to extend loans coming due in 1998 until 2004. Total Access was unable to repay the loans after the crash of the baht in mid-1997 pushed up the cost of servicing foreign currency debt, and the ensuing economic crisis slashed demand for cell phones. The company was only able to stop a subscriber hemorrhage through offering huge price discounts, analysts say. Creditors also asked Total Access to sell shares to improve its financial position as part of the restructuring. Thailand's United Communication Industry PCL (H.UCM),or Ucom,which has a 65% in the cell phone operator, has resisted giving up management control to a foreign strategic partner, analysts say. But after a private placement this year raised only $70 million - half the amount Total Access hoped to get - Ucom's stance may have softened, they add. The company has to raise a further $80 million by April 2001, under the debt restructuring. "Actually, we can survive without a partner in terms of both financial and technical aspects," Man-nga said. "However, we still want them to strengthen our connection to the global market," Man-nga said. Man-nga said two potential strategic partners had completed due diligence and sent proposals to Ucom. "The decision is now depending on our parent," he said. Although he declined to name the parties, market talk says Norway's state-owned Telenor Asa (Y.TLN) and Bell Canada International Inc (T.BI) are the front-runners. Advanced Info's decision to sell a 20% stake to Singapore Telecommunications Ltd. (P.SGT) earlier this year, has put pressure on Total Access to follow suit. Without foreign telecoms expertise, Total Access might find itself less competitive than its rival, analysts say. Money from a strategic partner would also help to roll-over a further $350 million debt in the form of Yankee bonds and Euro Convertible Debentures coming due in 2001. If the company can't get a strategic partner before 2001, it will look at other ways of refinancing the bonds such as borrowing money from aboard or issuing domestic bonds, Man-nga said. |
| (Post 33 of 13600) 12/11/1999.08:37:00 |
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TAC has appreciated by > 20% in the past 2 days, anyone care to share yr view on my investments bot at average of $2.80. Have conflicting views on the Price earning ratio, PE of about 3 and > 30 times. If PE of 3, would you say that it is pretty undervalue? Thanks in advance |
| (Post 34 of 13600) 12/28/1999.10:42:00 |
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What's with TAC? |
| (Post 35 of 13600) 12/30/1999.20:02:00 |
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something tat might shed some light! NAVA VICKERS BALLAS INVESTMENT RESEARCH Page 1 of 4 15th Floor Siam Tower, 989 Rama I Rd., Pathumwan, Bangkok 10330, Thailand Tel (662) 658-1222 Fax (662) 658-1399 Thailand – 27/12/1999 § UCOM – Clarification of potential sale price for TAC Stake. UCOM – Bt29.2L/Bt33F, TACC $3.34 · UCOM has stated that it must maintain control and therefore a maximum of 18% of UCOM’s 68% stake in TAC is likely to be sold. If 18% of TACC was sold for US$100m this would indicate a price of $1.37 which is considerably below the market price and therefore a sale at this price is unlikely. Applying the US$3600 per sub for ADVANC (based on the foreign price) to TAC’s subscriber base of 1m a figure of $3.6b is obtained as the total value of TAC. Divided by 404m shares this yields a price per share of $8.90. Bearing in mind that TAC has a US$100m Yankee bond and a further $250m in Euro Convertible Bonds due in 2001 and a maximum of 18% of the company to sell if control is to be retained, it is likely that UCOM will hold out for a price corresponding to this requirement i.e. 18% at $350m or less than 6% at $100m (regarded as most likely) corresponding to a price of $4.81/share. NAVA VICKERS BALLAS DAILY BRIEFING |
| (Post 36 of 13600) 01/04/2000.10:24:00 |
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Something about TAC from NAVA VICKERS BALLAS INVESTMENT RESEARCH Siam Tower, 989 Rama I Rd., Pathumwan, Bangkok 10330, Thailand 27 December 1999 § UCOM announces corporate rationalisation: 1 To focus on seven profitable businesses 2 Targets $978m debt reduction through asset sales 3 Still offering 20% of TAC; our targeted stake sale price is $7.35 UCOM to reorganise business units United Communications Industry, Total Access Communication (UCOM – Bt29.25-L/Bt33-F, TACC $3.34) UCOM announced that it would continue with only seven profitable businesses, selling or closing the remainder. Retained businesses are broadband services, network solutions, web brands and distribution, cellular, trunk radio, radio broadcasting and subscriber sales. Money raised from sales would be used to pay down total debt of $978m. · UCOM expects to sell 20% of TAC for US$100m in 1Q 2000, valuing the stake at $8.1/share. However of the rumored potential buyers Bell Canada and Telenor, Bell Canada have informed NVS that they have withdrawn and Telenor has internal rifts, with its acquisition plans now appearing shaky. · UCOM expects broadband data networks to provide major revenue stream after cellular. This business has strong potential as demand for transmission speed/capacity increases. But we understand that of the Bt557m generated currently, most is captive business from TAC’s cellular network. · UCOM’s engineering business has Bt10b in contracts – understood to be sufficient for two years. Future infrastructure upgrade spending is likely to benefit UCOM’s Network Solutions engineering business. NVS View: TAC has 1m subs and a huge spectrum allocation on the 1800MHz frequency. Recent worldwide re-evaluations of what cellular companies are worth, and an economic recovery may make UCOM’s asking price more realistic than previously, but other terms may be too tough for buyers. However, an eventual buyer is not ruled out. Based on the current market value of ADVANC (US$3,600 per sub, but European acquisitions have been priced above US$6,000 per sub), the target price for any TAC stake sale is US$7.35 per share, over twice the current market price. A deal seems likely before 2Q 2001 but it appears that new suitors will have to be found. Whilst UCOM’s restructuring decision is a positive long-term move, it’s insufficient for us to change our UNDERPERFORM rating. Our previous underperform rating on TAC is under review. Philip Manz (662) 658 1442 NAVA VICKERS BALLAS DAILY BRIEFING |
| (Post 37 of 13600) 01/14/2000.10:42:00 |
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By Echo on Friday, January 14, 2000 - 10:38 am: BUSINESS 14/01/00 - Telecom tycoon Boonchai Bencharongkul on Thursday took personal control of Thai mobile phone operator Total Access Communication , turfing out a friend and another top executive in a major management shake-up (BANKGOK POST) © Reuters Limited. ===== **Echo, thks a million, hope others will give this one a second thought!!! |
| (Post 38 of 13600) 01/14/2000.16:52:00 |
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Hands up for those that bought!!! |
| (Post 39 of 13600) 01/14/2000.17:01:00 |
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??????? \(O.O)/ |
| (Post 40 of 13600) 01/14/2000.17:02:00 |
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Went in this morning, from a technical buy signal generated yesterday. TA wise, the first hurdle is 4.4 and 4.68 after that. |
| (Post 41 of 13600) 01/14/2000.17:12:00 |
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Keep fingers crossed that we see an article this weekend in this... something is amissed BIG time, cheers!!! vested interest |
| (Post 42 of 13600) 01/14/2000.18:52:00 |
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January 14, 2000 Thai Total Access Takeover Paves Way For Partner -Report BANGKOK -- A management takeover of Total Access Communication PCL (H.TOA) was undertaken to clear out executives who were holding out in talks with a potential strategic foreign partner for too high a share price, Thai media reported Friday. Boonchai Bencharongkul resigned Thursday as chairman of United Communication Industry PCL (H.UCM), the parent company, to take up the post of managing director at the Singapore-listed Total Access. He said talks with an unnamed potential partner are going well, and a contract will be signed in February if nothing goes wrong. Total Access is required under terms of a debt-restructuring agreement signed with creditors last year to raise another $80 million. Industry sources have said that partner should be Telenor ASA (Y.TLN), a Norwegian telecommunications company. Officials at Total Access, Thailand's second-largest mobile telephone operator, weren't immediately available for comment. Daily newspapers cited industry sources as saying that the U.K.-based Somers investment group, which owns 36% of United Communications following a debt restructuring last year, pressed Boonchai to remove officials opposed to foreign involvement in the restructuring of Total Access. Boonchai said United Communications will reduce its 67% stake in Total Access, giving a stake of more than 25% and management control to a strategic partner. About $350 million worth of Total Access debt will mature in 2001. Boonchai said the company won't be able to meet the obligations without help. |
| (Post 43 of 13600) 02/05/2000.11:49:00 |
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I love TAC, because it up down very fast, good for contra player, but adviseable to play not more than 10 thousands share. Watch out for us$3.66(sell indicator) and us$4.42. If traded at $4.42 with low volume, but immediately. Otherwise, wait for 3days, buy between 4.00 to 4.12.If this counter break $5.40, nobody know the limit,except the operators.If us$3.66 done. wait for 3.52. The game is not over yet. |
| (Post 44 of 13600) 02/11/2000.16:29:00 |
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Folks, Hearing this strange rumour: Telstra might be taking over TAC. |
| (Post 45 of 13600) 02/12/2000.22:09:00 |
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I agreed with contraman, TAC good for nothing but cheong cheong and cheong.......... but why must be 1,2 minutes b4 closing. The Ops team so kiasu. On 8 Feb morning, done 4 thousands lots at $3 for no reason. Confused the charts marker? or....... |
| (Post 46 of 13600) 02/14/2000.06:28:00 |
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Telstra In Talks For Thai Total Access Stake - Report BANGKOK (Dow Jones)--Total Access Communication PCL (H.TOA) is in talks to sell a minority stake to Australia's Telstra Corp. (A.TLS), the Bangkok Post reported Friday. The newspaper quoted an unnamed source as saying Total Access, a local cell phone operator, would continue negotiations with other prospective partners. The Singapore-listed company was rumored to be close to a deal with Norway's state-owned Telenor ASA (Y.TLN) earlier this year, but Friday's report said the talks were running into difficulty. Thailand's United Communication Industry PCL (H.UCM), which has majority control of Total Access, is reportedly frustrated with the slow progress of talks with Telenor. Total Access, which is the second player in Thailand's cellular duopoly, couldn't be contacted Friday. |
| (Post 47 of 13600) 02/14/2000.17:18:00 |
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Total Access Up 16% On Telstra Talks Shares of Thai telecom company Total Access Communications PCL (H.TOA) are up 16% Monday afternoon after Australia's Telstra Corp. (TLS) confirmed it was in talks to buy a 25% stake in the company. The transaction is reported to be worth A$500 million. A Telstra investment could be a turning point for Total Access, dealers say. Total Access needs a financial partner to plug the hole in its balance sheet. Total Access, Thailand's second largest cellular-telephone operator, is controlled by United Communication Industry PCL (H.UCM). |
| (Post 48 of 13600) 02/20/2000.08:47:00 |
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Share price of TAC has been falling. It closed at US$4.12 on Friday, 18 Feb 2000. I have invested interested in this stock. Should it be a good time to buy some on Monday if it falls further. Any advise from the gurus. Thanks and have a nice day. |
| (Post 49 of 13600) 02/20/2000.12:59:00 |
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I'm not the guru but have been monitoring this counter for the past 1 month, trading range from US3.60 to US5.10. Expected sell-down on this counter to continue on monday. The best entry price to go in for me is US3.50 to US3.70. |
| (Post 50 of 13600) 02/20/2000.19:22:00 |
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To buy some on Monday if it falls further is a good try. Remember to unload when it rebound on the same day or next day. Wednesday might fall due the high volume (7190) traded on 14 Feb. May be Thursday could be better. Is not easy to predict the movement of TAC cos it is a ‘CONTROL’ counter. TAC very good for long short long purpose. If drop below $3.62,better keep out. |
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