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Latest Forum Topics / Genting Sing Last:0.765

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GenSp starts to move up again

risktaker
Supreme

11-Sep-2009 17:56

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Yells: "Sometimes you think you know, but in fact you dont"

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it depends on the genting direction.

1.10 is the support where BB by all means will not let it fall through. BB are getting Fresh funds next week. More Action coming.

abcdefg ( Date: 11-Sep-2009 17:06) Posted:

this is not the maximum earn, you hav to think a better formula for yourself...thanks.

Peg_li ( Date: 11-Sep-2009 16:57) Posted:

Smiley

so clever are you!

need learn more from you!

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gabjen
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11-Sep-2009 17:55

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Hi ,thanks everone for your replies.Was looking into this option since yesterday.But the price seems to go lower as days gone-by.Hopefully Mon will see some upward movements

Cheers.

abcdefg ( Date: 11-Sep-2009 17:06) Posted:

this is not the maximum earn, you hav to think a better formula for yourself...thanks.

Peg_li ( Date: 11-Sep-2009 16:57) Posted:

Smiley

so clever are you!

need learn more from you!

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abcdefg
Member

11-Sep-2009 17:06

abcdefg About Contact Quote this Post!

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this is not the maximum earn, you hav to think a better formula for yourself...thanks.

Peg_li ( Date: 11-Sep-2009 16:57) Posted:

Smiley

so clever are you!

need learn more from you!

abcdefg ( Date: 11-Sep-2009 16:36) Posted:

when gensp = 1.13

sell 15 lots = , 16950

buy 13 rights, 80-15 = 65 lots, 65 lots = 13 rights, 13 lots = 13 x 0.80 =10400

16950 - 10400 = 6550 profit and hold 65+13 = 78 lots.

when gensp 1.10

buy 2 lot = 2200,

from profit 6550 -2200 = 4300.

result : 4300 earn and hold 80 lots.

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Peg_li
Master

11-Sep-2009 16:57

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Smiley

so clever are you!

need learn more from you!

abcdefg ( Date: 11-Sep-2009 16:36) Posted:

when gensp = 1.13

sell 15 lots = , 16950

buy 13 rights, 80-15 = 65 lots, 65 lots = 13 rights, 13 lots = 13 x 0.80 =10400

16950 - 10400 = 6550 profit and hold 65+13 = 78 lots.

when gensp 1.10

buy 2 lot = 2200,

from profit 6550 -2200 = 4300.

result : 4300 earn and hold 80 lots.

Peg_li ( Date: 11-Sep-2009 16:24) Posted:

Sell half, make some profit.

leave half for long term!

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jonathant
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11-Sep-2009 16:45

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Hi Anthony, pity the current old remisier, will just stick to the same. Trade online no need to call, nowadays any questions, just email customer support (cdp, brokerage, etc), they will reply within 24hrs. Am still small, trading value less thn $300K, no remisier will be interested.

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abcdefg
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11-Sep-2009 16:36

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when gensp = 1.13

sell 15 lots = , 16950

buy 13 rights, 80-15 = 65 lots, 65 lots = 13 rights, 13 lots = 13 x 0.80 =10400

16950 - 10400 = 6550 profit and hold 65+13 = 78 lots.

when gensp 1.10

buy 2 lot = 2200,

from profit 6550 -2200 = 4300.

result : 4300 earn and hold 80 lots.

Peg_li ( Date: 11-Sep-2009 16:24) Posted:

Sell half, make some profit.

leave half for long term!

gabjen ( Date: 11-Sep-2009 16:12) Posted:

Hi,if I'm holding 80 lots at $0.645,what should be the most sensible thing to do now?

Any reply would be appreciated.

Thanks in advance.

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AnthonyTan
Elite

11-Sep-2009 16:35

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Hi jonathant, you r giving the remiser the business.

If he or she cannot advise you, it time to change remiser.

Alot of remisers are waiting for your business.

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limkt009
Veteran

11-Sep-2009 16:28

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Keep your holding and subscribe to the rights shares@80c to take advantage of the discount.

gabjen ( Date: 11-Sep-2009 16:12) Posted:

Hi,if I'm holding 80 lots at $0.645,what should be the most sensible thing to do now?

Any reply would be appreciated.

Thanks in advance.

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Peg_li
Master

11-Sep-2009 16:25

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sell half,make some profit.

should keep half, sorry!

Peg_li ( Date: 11-Sep-2009 16:24) Posted:

Sell half, make some profit.

leave half for long term!

gabjen ( Date: 11-Sep-2009 16:12) Posted:

Hi,if I'm holding 80 lots at $0.645,what should be the most sensible thing to do now?

Any reply would be appreciated.

Thanks in advance.

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Peg_li
Master

11-Sep-2009 16:24

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Sell half, make some profit.

leave half for long term!

gabjen ( Date: 11-Sep-2009 16:12) Posted:

Hi,if I'm holding 80 lots at $0.645,what should be the most sensible thing to do now?

Any reply would be appreciated.

Thanks in advance.

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gabjen
Member

11-Sep-2009 16:12

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Hi,if I'm holding 80 lots at $0.645,what should be the most sensible thing to do now?

Any reply would be appreciated.

Thanks in advance.

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jonathant
Member

11-Sep-2009 16:01

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yes, the brokerage people seemed to have no time for the average joe/jane....be patient, u will be big one day.......

internet/forum provides us the platform to obtain & share info. imagine our parents/grandparents time who use phone to trade, and sit in front of the big screens....

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niuyear
Supreme

11-Sep-2009 15:53

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Jonathant,

Yeah, i dont dare to bother broker becos :

1) they might laugh at our silly questions;

2) i always think i am small fry and they probably wont bother

so, we can only find our own way to solve our problems.

I find SGX quite polite when i ask some 'silly' questions, though, they sometimes engage but, they do call back after office hour.

jonathant ( Date: 11-Sep-2009 15:43) Posted:

hi niuyear...tq. I was once a newbie too 2 & half years ago, clueless, ask remisier they don't tell you much....i learn some & i share some

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AnthonyTan
Elite

11-Sep-2009 15:44

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Yells: "patience"

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It's rather amazing to watch this counter.

Ppl push up prices to sell very very big quantities of shares.

Ppl push up prices and make cash call.

I am fascinated and stay on sideline to watch.

Not vested.Have patience.

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jonathant
Member

11-Sep-2009 15:43

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hi niuyear...tq. I was once a newbie too 2 & half years ago, clueless, ask remisier they don't tell you much....i learn some & i share some

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niuyear
Supreme

11-Sep-2009 15:36

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Its kind of you to bother to inform newbies about right issue etc. Appreciate that. :)

jonathant ( Date: 11-Sep-2009 14:14) Posted:

...for the newbies, ...my 2cents worth….At this stage, some are worried why price moves against expectation, especially after the good vibes then the rights announcement, then the mixed/-ve news & whatnot…

Closing price on 9Sep $1.19, rights offer price $0.80, 1rights for 5.

Theoritical XR Price, Formula 5 x 1.19 + 0.80 divide by 6 (1+5) --> 1.125, round up 1.13

Expected to see price hovering around this as most people use this as a guide to trade

Genting expected to trade X Rights on 18Sep09, Friday, 9am

The XRights price may change according to close price on 17Sep

Assumming close price is 1.13, --> XR price on 18Sep will be 1.075, round up 1.08

Assumming close price is 1.21 (latest high), --> XR price on 18Sep will be 1.14

Example, Your current holding: 10000 unit

Your entitlement, Rights Shares (10000/5) : 2000 unit

If you don't subscribe (some think too troublesome) but still wanna hold current shares for long term

Sell your rights shares between 28Sep-6Oct, assuming it open at 0.1, your immediate realised cap gain/profit, 0.1 x 200 rights shares $200

Moving forward, factors that will affect the price movement include but not limited to:

(a) Rights shares expected issue dt 20Oct, tradeable 21Oct, meaning there'll be more shares in the mkt by 21Oct, estimate additional 1930million shares (if the rights shares are fully subscribed), these add shares cost price is $0.80, expect profit taking

(b) Bonds converted & ESOS exercised, & their rights shares subscribed, expect profit taking

And, any plus side will be based on:

Any further news announcement such as gaming licence, acquisition.

Local, regional & global market sentiment

If you are long term investor, just ignore everything, set your own TP, simply.

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jonathant
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11-Sep-2009 15:27

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they will hv enough muscle to support the price, otherwise it defeat the whole purpose of having the rights shares exercise.

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AnthonyTan
Elite

11-Sep-2009 15:18

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Caveat emptor

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risktaker
Supreme

11-Sep-2009 15:12

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Must come in and support liao

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teeth53
Supreme

11-Sep-2009 14:40

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Pls do ur home work 1st. assumming yesterday average is $1.13,while today err...average $1.075

Genting expected to trade X Rights on 18Sep09, Friday, 9am

The X-Rights price may change according to last of, close price on 17Sep

Assumming close price is 1.13, --> ex-right price on 18Sep will be 1.075ct

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