Latest Posts By Alligator
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| 06-May-2009 12:12 |
RickmersMaritime
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Container ships charterer with 170+ years history
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freeme, first part of your wish has come true. well i wish that after XD price remain.. haha. we sailed this same big ship. steady..
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| 05-May-2009 17:07 |
Oceanus
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RTO of Oceanus Bio-Tech
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up a lot today from 15.5 to 18.5 cents.. | |||||
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| 05-May-2009 14:28 |
Sinotel Technolo Rg
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Sinotel IPO
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May 15 is their 1Q result announcement | |||||
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| 05-May-2009 00:25 |
Others
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I want to be the number one in this forum
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hahaha, last time i learnt the sure things are death and TAX | |||||
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| 04-May-2009 22:57 |
Others
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I want to be the number one in this forum
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cheongwee, what is the % confidence of your call?
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| 04-May-2009 22:13 |
RickmersMaritime
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Container ships charterer with 170+ years history
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oh yes, you are welcome to buy over the remaining 21 million shares costing just over S$8 million and then no more dumped by FMR. then joined Capital group as substantial share holder. haha. can also collect S$260K dividend after May 7.. | |||||
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| 04-May-2009 18:10 |
RickmersMaritime
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Container ships charterer with 170+ years history
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RICKMERS MARITIME DIVIDEND : 010109-310309 USD 0.0214 TAX EXEMPT Ex-date 07 May 2009 | |||||
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| 04-May-2009 17:59 |
JurTech
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JurTech
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sorry to learn u are holding this, since counter is suspense, it is too bad, you really cannot do anything until they lift the trading..
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| 04-May-2009 15:11 |
Oceanus
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RTO of Oceanus Bio-Tech
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this one Abalone can have good upside... earning is good.. also they had insurance coverage.. | |||||
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| 03-May-2009 07:54 |
Keppel Land
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KepLand 's rights
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nil-paid rights is given free to entitled shareholders. can i sell my nil-paid rights without converting it mother shares? Yes, only during rights trading period therefore no need to make further payment right? Yes
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| 03-May-2009 00:04 |
Others
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S-Chip
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'IN all countries, in all jurisdictions, the stock market is an insiders' game versus an outsiders' game,' a friend said. It's the insiders who are in the know, it's the insiders' who make all the money. Rules and regulations are meant to level the playing field somewhat. But then, there are always questions about how complete the rules are and how strictly they are being enforced. Obviously, the advantage of the insiders is much more significant in emerging countries like China and India. But even in the most developed market in the world - Wall Street - the insiders have duped the people on Main Street time and again. Think Internet stocks and the numerous structured products. One only gets onto the insiders' track if one is somehow involved in the business of it all, or someone from the inside decides to spill the beans. Well, apparently one insider has decided to spill his guts out in an e-mail confession. The writer, who claimed to be a chief executive of an S-chip (Chinese company listed in Singapore), circulated a near 9,000-word confession e-mail to, according to him, 'hundreds of investors, bankers, regulators and journalists'. The e-mail detailed how his company was privatised, the difficulties of doing business in China, how he was approached by a Singapore 'deal-maker' to list the company, and what the deal-maker suggested they did to inflate sales of the company to make it attractive to investors. It also revealed the psyche and motivations of Chinese entrepreneurs, and how subsequent to the listing, they - tempted by greed - borrowed money against the company's cash to speculate in the Chinese and Singapore stock markets. It also showed how easy it was for these controlling shareholders and managers to dip into the company's cash pile when they faced margin calls on their personal accounts. Some doubt the authenticity of the 'confessions'. But whether the e-mail is indeed from an S-chip CEO or not is not entirely important. The thing is, a lot of the events described in it do happen in real life. So, there are lessons to be learnt for all investors out there. Said one former research analyst: 'I think it is so spot-on and hence probably genuine. It is a real revelation for outsiders. I lost my virginity a long time ago.' Said an S-chip investor: 'The e-mail is a de facto warning to investors against being too naive in believing what they see in prospectuses and what they read in the printed form.' So what are the lessons or insights that one can glean from the e-mail? One, in recounting the struggles in the earlier phase of the company, the 'CEO' said: 'Good profit margins never last in China. Good demand quickly attracts new entrants into the business as the barrier of entry is relatively low. At the same time, some of the so-called 'obsolete capacities' came back from the grave.' This would suggest that buying and holding a relatively small China company is not such a good idea. Size is probably a prerequisite for long-term survival in China. Two, there are millions of entrepreneurs in China that are looking for their big pay day by listing their companies. These private entrepreneurs have long envied their state-owned compatriots that can list in China. 'To us, having a listing status in China is like having the right to print money. One just has to cook up a nice investment story and he could get the Chinese investors to subscribe to the rights issues of a listed company at any price. It was so much more elegant a way to make money, rather than having to toil for a few cents by selling chemical fibres.' So if that's the motivation of most Chinese entrepreneurs for listing their companies - as a big pay-off for their years of toil and a fast ticket to riches - would they still be 100 per cent committed to running and growing the business to the best of their abilities? Three, deal-makers identify these potential Chinese companies and get their group of buddies in early. And when the companies get listed, they get pay-offs amounting to as much as 50 times their investment. 'These angel investors will see the company through the process from getting 'restructured' to 'listed', rendering their help in one way or another through exerting subtle influences on counterparties, bankers, regulators and other investors.' Teng Ngiek Lian of Target Asset Management noted the ludicrous compensation for such pre-IPO investors. When I spoke to him early last year, he noted: 'In recent IPOs, it was shown in the prospectus that the pre-IPO investors were given shares at one cent. At IPO, the stock was priced at 60 cents. I asked them, what has changed in such a short time to cause the value of the business to go up by 60 times!' Four, part of the deal-maker's job is to make the company as attractive to investors as possible. One way is to push new products to customers, offering them more favourable and longer payment terms. They will deal with the receivables later. 'After much financial twisting and engineering, our company looked like a well-funded high-tech textile fibre company on the verge of experiencing explosive sales take-off.' Indeed, empirical studies have shown that, on average, new listings showed increased sales and profitability in the one or two years leading up to the public offer. But for many, the performance slumps a year or two later. So it is wiser to go for companies with a longer listing track record, and those which have gone through at least one full business cycle. Five, managers of Chinese companies can get the local banks to lend them money to punt in the stock market by using the listed company's cash as 'invisible lien'. And when the stock market plunged and they faced margin calls, they dipped into the 'honey jugs' of the company. In better times, they were able to cover the shortfall in the company's cash balance by borrowing the sum from some other sources during the audit period. 'In the past, we could have 'arranged' for some cash to be credited into the bank account for a brief period to satisfy the auditors' check. However, there was no such 'temporary cash' to be found at any price as the sub-prime crisis had now developed into a full-blown credit crisis around world.' Such a practice of borrowing cash to meet the shortfall just for the audit period is common in India too, a friend said. The e-mail also claimed that 'Chinese banks which had lent him money simply deducted the amount he personally owed from his company accounts two days before their auditors came in, which was of course a few days before our company auditor came in. The rest is history . . .' The CEO claimed that he'd moved to a seaside town in China with enough money to last his family a lifetime, at least in China. Yes, the unfairness of it all is, many a time, due to limitations of the law, that such acts of dishonesty, lack of integrity and sometimes outright fraud do not have any consequences for the perpetrators. Perhaps, the bigger lesson is the whole process of bringing foreign firms to Singapore. In the US, almost everyone in the chain had a part to play in causing the crisis which originated from sub-prime loans. As a friend put it: 'So if there is a Singapore analogy, it would be the S-chips failure.' I leave the last words to the e-mail writer, whoever he is. 'I wonder who will speak on behalf of all the many ordinary people in Singapore who came to believe the investment potential of these S-chips companies after all the beautiful 'packaging' that the deal-makers and entrepreneurs wrapped around them, and went on to invest their life savings in the S-chips, only to find out one day that all these were worthless! 'Yes, I admit I am guilty of being greedy and unscrupulous. But how about those deal-makers who taught us how to cook the books? How about those intermediaries and professionals who were not vigilant enough to protect the interests of the investing public?' |
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| 02-May-2009 22:37 |
Keppel Land
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KepLand 's rights
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cannot pay via internet banking. can pay by ATM ( simplest method), or old method of Banker Draft/Money Order with ARE form filled, signed and mail to reach company/CDP before the deadline.
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| 02-May-2009 22:35 |
RickmersMaritime
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Container ships charterer with 170+ years history
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hard to say, the FMR (FIdelity) fund had been dumpling , from their 10% holding to less than 5% holding( now no longer major shareholder). But they still hold 21040 lots and if they dump these 21 million shares some big fund or BB must pick up to sustain the price. Their HK branch dumped 37838 lots before 6 Oct 2008 creating the big frop of price from more than 1 dollar. BTW, the Capital Group buy up about 5882lots around 3April increasing their stake from5.08% to 6.47%.
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| 02-May-2009 12:58 |
Keppel Land
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KepLand 's rights
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assuming you do not understand rights issue, then here is roughly the options for you, dealing with Rights issue, most important thing is to be very sure of the DATEs that are already set. Cum-Rights date (11 May), Rights trading period (19 - 27 may). Payment date (2 June) 1. BUY nil-paid right shares on market: this can be done ONLY during rights trading period. which is 19 may to 27 may. Rights issue price is typically traded arounf Mother share price minus the Rights issue price ( 1.09). However, market determine the actualprice. Your cost of total purchase = price you paid for on nil-paid rights + trade commision/tex + exercise price of 1.09 per share We dun know the price of nil-paid rights until trading begins, so you really cannot work out your cost.. 2. BUY mother share, from now till 11 may ( Cum Rights ). when you buy during Cum rights period, you get 9/10 nil-paid rights. Says you buy 5 lot mother shares before or on 11 may, then you get 4.5 lot of nil-paid rights. but u must exercise your rights by paying up 1.09 before June 2. To calculate your cost: 2.1 mother share, says based on 1.70, it is then 5000x1.70==8500 + small trade commission 2.2 you get nil-paid rights , 4.5 lots, no cost to you 2.3 you must convert them to mother share, cost is 4500x1.09=4905 2.4 your total cost become = 8500+4905+trade commision=13405 2.5 on 12 june, you will have total 9500 shares, thus your cost per share is = 13405/9500=1.411. |
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| 02-May-2009 09:11 |
RickmersMaritime
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Container ships charterer with 170+ years history
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i m curious, so i check the price beforeand after ex-div date. here are the last few data: Date Ex-Div Price on Ex- Div Price on Cum Div( one day b4 Ex-Div) 05 mar 2009 33.5 33.5 27 nov 2008 40.0 40.0 29 aug 2008 103 103 30 may 2008 110 110 27 mar 2008 102 100
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| 01-May-2009 14:16 |
M1
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Trading in malaysia stocks
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You can read this from their website on TRADING:
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| 30-Apr-2009 20:17 |
FrasersComm
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FrasersComm
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Frasers Commercial Trust (FCOT) says that its manager is presently
considering various options and is in discussion with banks to
refinance existing debt. Although one of the raise fund-raising options being considered is by way of a rights issue, FCOT’s manager says “no firm decision has been taken to proceed with any of these options as these will be subject to, among other things, favourable market conditions and the approval of the board of the manager”. FCOT’s clarification came in response to a report published yesterday in The International Financing Review Asia which discussed FCOT’s existing debt becoming due for refinancing in July 2009 amidst the current volatile market conditions and tight credit market. FCOT’s manager has assured shareholders that If it proceeds with any of these options, it will make the relevant announcements at the relevant time. |
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| 30-Apr-2009 20:16 |
FrasersComm
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FrasersComm
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wah.. halt just to announce result?? |
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| 30-Apr-2009 16:48 |
Midas
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Midas
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I like the chart. Join in also.. | |||||
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| 30-Apr-2009 13:53 |
Osim Intl
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OSIM
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just when some people are pessimistic about this OSIM and throw their shares away, then witness its triple jump recently, first it spring from 5c to settle first at 9 cents, then second jump and settle at 13 cents, today, after releasing its first profit, it made a third large jump to current 17 cents.... imagine 3.4x capital appreciation over 5 weeks...that is the unpredictability of stock market... | |||||
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