RIN - Rinker Group

[MAPfan]

You cant but a 50 cent bread roll without cash but you can walk away with $x billion icon company and no cash in sight..so how hows does the Aust stock market work? Finding out its been screwed over by the mexicans maybe? Still waiting for $ yet they have the company

 

[RM8]

I'm still waiting for my money here from the forced sale. Anyone else?



12345onceicaughtafishalive

Apparently they pay up 30 days after they accept your shares.

I've got at least another week or more yet which is a pain in the @=se. Could have put the doe to good use today.

 

[golfmos123]

Got my second cheque today. Both have arrived just inside the 30d mark from my acceptance of the offer.

Anyone else take advantage of the 19.50 loophole?? Could have picked up shares around the low 18s (taking your holding to only 2000 max) and then signed the form the next day to take 19.50 cash for them with no brokerage. Didn't allow you to make a packet but hey, free money is free money!!!

 

[niknah]

I purchased in 2 lots(one lot I had held for a year, the 2nd I brought when I saw all those people purchasing 2k shares when it was about 80% done). Received the first cheque at the beginning of this week. The cheque was fine, it's all in the bank.
I called them up and they said the 2nd cheque was coming next Friday.

I'm so glad with all this sub-prime + USD going badly, Cemex might have gotten a better deal if they waited till now to make a bid. I was in Florida earlier this year, even though the property market had gone bad already then, there were still lots of construction cranes on the sky line for apartments that haven't gone on the market yet.

 

[shinobi346]

You cant but a 50 cent bread roll without cash but you can walk away with $x billion icon company and no cash in sight..so how hows does the Aust stock market work? Finding out its been screwed over by the mexicans maybe? Still waiting for $ yet they have the company

Looking at it that way it does irritate me a little but when I think of the falling USD and how Cemex will be paying more for the 19.50 to give me, it gives me some sort of comfort.

Yes, it's good to see how badly the US is doing.

With interest rates tipped to go up soon, the AUD is expected to go up along with it.

 

[noirua]

Just a thank you to Cemex for buying our Rinker stock at A$19.50 a share and allowing us to keep our dividend of 25 cents. Rinker stood at A$12.50 before Cemex made their first bid and thoughts are that they would now be about A$10.

I've invested all the money in US Bonds and not only have they risen the US Dollar has as well. So it's a final thank you to Mexico.

Daft as a brush Cemex, you paid well over the odds.

 

[niknah]

Thanks from me too!

I'm sure they'll get their returns in like 5-10 yrs.

I transfered some of my moneys over to the US when the currency was at
89c but I brought stupid things like Citibank.

 

[Fung]

Just wondering what happens if you didn't respond to their offer? You still get the cheque from them but only $18.20 right? I've sent them back the offering letter in mid July but i still haven't received any cheques yet

 

[noirua]

Just wondering what happens if you didn't respond to their offer? You still get the cheque from them but only $18.20 right? I've sent them back the offering letter in mid July but i still haven't received any cheques yet

Hi Fung, If you are having any problems go to Rinker's Aussie website at: http://www.rinker.com.au

There is a link to click-on there - all the best

Or go to: http://www.cemex.com

 

[Ferret]

I'm also waiting for the money from the compulsory acquisition.

I held in super under national nominees (so wasn't going to get the $19.50) and I'd bought on 7/8/06 so wanted to hold out to get the 1 year CGT reduction.

Anyone received money from compulsory acquisition yet?

Ferret

 

[noirua]

I'm also waiting for the money from the compulsory acquisition.

I held in super under national nominees (so wasn't going to get the $19.50) and I'd bought on 7/8/06 so wanted to hold out to get the 1 year CGT reduction.

Anyone received money from compulsory acquisition yet?

Ferret

Cemex made an application to the US Securities and Exchange Commission regarding compulsory purchase of outstanding Rinker Group shares on 8th August 2007.

 

[Fung]

Received another letter and should be able to get the money in the next few weeks.... I hope.... haha

 

[Ferret]

To all those who held Rinker shares, I think Cemex did us a big favour. I hope they are choking on it!

Ferret

 

[noirua]

To all those who held Rinker shares, I think Cemex did us a big favour. I hope they are choking on it! Ferret

Yep! They surely are Ferret and under a load of bricks and concrete.
Seriously though folks! I should have sold at over $20 and they plunged to $12, and along came Cemex and I was paid dividends and dollars that came close to $20.
"May your large sombreros protect you from the sun whilst you lie held down under the bricks - noi