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SHAREJUNCTION LUNAR NEW YEAR DINNER?
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Alligator
Veteran |
04-Jun-2009 06:39
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Yukitai, Quantico gave you the answers already. Yes, wait for June 11 to 12 and check you CDP account. |
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Alligator
Veteran |
03-Jun-2009 19:11
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x 0 Alert Admin |
wah you are so excited about Rights Trading Period... Although it is not yet announced, CDP had a typical procedure that Rights Trading Period start on BCD+3 and end on BCD+9. As BCD, book closure date on 29 June had been released , which means most likely Rights Trading Period will be 2 July to 10 July. However, please note that their announcement will come with actual dates. These are just my experience only and not oficial.
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Alligator
Veteran |
03-Jun-2009 18:19
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Yes, your 1000 'old' mother shares can be sold anytime. At this point, these 1000 mother shares has no relationship with your 900 rights entitlement and 1100 excess rights application.
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Alligator
Veteran |
03-Jun-2009 12:21
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hi anselmang, I read briefly on this 'entitlement' of 1 for 4 at 0.86 and find that this is " NON-renounceable", you should read your document properly. I just copy here from SGX website 4. No Entitlements trading Entitlements are non-renounceable and cannot be traded on the ASX, SGX-ST or any other exchange, nor can they be privately transferred. So what it meant is : This is different from all those RENOUNCEABLE rights issue you have been reading like DBS, Capland, Chartered , Kepland and so on. There is NO nil-paid rights trading period as you have read from those RENOUNCEable rights. For this SP Ausnet, i think you have only two choices: 1. Subscribed, pay 0.86. and you shall be credited with new shares. 2. Ignore it and let is lapse. As this one 1 for 4 will have odd lot, they have applied for a temporary odd lot counter to deal with odd lot trading ( that is AFTER you exercise your subscription). copy here for your reading: ODD LOTS TRADING COUNTER SET UP FOR THE NONRENOUNCEABLE ENTITLEMENT OFFER TO ELIGIBLE RETAIL SECURITYHOLDERS IN SINGAPORE (“RETAIL ENTITLEMENT OFFER”) Unless otherwise defined, all terms used herein shall bear the same meaning as in the offer booklet dated 14 May 2009 issued by SP AusNet in connection with the Retail Entitlement Offer. SP AusNet has applied for and obtained the approval of the Singapore Exchange Securities Trading Limited (“SGX-ST”) for the establishment of a temporary counter to facilitate the trading of New Stapled Securities in board lots of 50 Stapled Securities per board lot (“Temporary Trading Counter”), in addition to the existing board lot size of 1,000 Stapled Securities. The Temporary Trading Counter will be made available from and including 29 May 2009, being the day on which New Stapled Securities allotted on the Initial Allotment Date are listed for quotation on the Main Board of the SGX-ST, up to and including 17 July 2009, being one month after the day on which New Stapled Securities allotted on the Final Allotment Date, 17 June 2009, are listed for quotation on the Main Board of the SGX-ST. Securityholders can also trade odd lots of Stapled Securities in board lots of one Stapled Security on the SGX-ST’s Unit Share Market. For the avoidance of doubt, the Temporary Trading Counter is only available for trading of Stapled Securities on the Main Board of the SGX-ST. |
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Alligator
Veteran |
03-Jun-2009 10:39
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Citi upgrade from SELL ( 0.90) to BUY (TP 2.25) JPM Neutral CS up from Neutral to Outperform Goldman, i haven read report yet.
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Alligator
Veteran |
03-Jun-2009 10:28
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x 1 Alert Admin |
max, that is NOT my TP. That is Kim Eng's Target Price from today's report.
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Alligator
Veteran |
03-Jun-2009 10:24
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Be careful as it chiong up a lot over last two days. the last good entry was 1.2x from TA chart. but too late to look for that at this point. You dun need to buy 4 lots to get 3 Rights, you can buy the minimum, lets say 1 lot of 1000 shares, you get 750rights.
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Alligator
Veteran |
03-Jun-2009 10:19
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x 0
x 0 Alert Admin |
Kim Eng said BUY with TP 1.91 | ||||
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Alligator
Veteran |
03-Jun-2009 10:01
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Wow, the BUT IN for Kepland is 1,612,352 shares and it costs S$ 4,638,736.70 ( less those fines). |
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Alligator
Veteran |
03-Jun-2009 09:16
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if you want to exercise your rights, then HOLD your share until Ex-Rights date, that will qualify you as entitled shareholder (to the Rights Issue). Then you pay via ATM before the CLOSING date. These dates will be announced later
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Alligator
Veteran |
03-Jun-2009 09:02
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x 0
x 0 Alert Admin |
XR today, open 97cents, or equivalent to old price of 1.35, | ||||
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Alligator
Veteran |
03-Jun-2009 08:58
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OCBC also upgrade from SELL to HOLD and raise price...in a very short time to DOUBLE.... Upgrade to HOLD on inorganic growth potential. In our view, the rights issue is a timely move by NOL to recapitalise in anticipation of weak operating cash flows in FY09 and FY10. The group's ability to raise substantial funds amid tight credit markets allays financing concerns. More importantly, with its enhanced financial flexibility, NOL can now review acquisition opportunities that were previously unavailable to it due to lack of credit. While we remain cautious over the shipping industry's outlook, NOL's stronger financial position and the enhanced likelihood of inorganic growth have prompted an upward revision of our rating. We upgrade NOL to HOLD and raise our fair value estimate to S$1.63 (prev S$0.815) based on 0.8x FY09F NTA, in line with its peers. Our ex-rights price will be S$1.39. (Lee Wen Ching) |
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Alligator
Veteran |
03-Jun-2009 08:54
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Philips just upgrade it from SELL to BUY Upgrade from SELL to BUY with fair value raised from S$1.14 to S$2.12. The rights issue reduces the need to acquire bank loans to meet its operating and capital expenditures. It also reduces its net debt to equity ratio from 0.8 to 0.0 for FY2009F. However, it leads to lower earnings per share for all shareholders and dilution of interests for shareholders who do not take up the rights issue. We like the rights issue as it allows NOL to tap the existing shareholders for cash to reduce its debts and improve its cash position. We upgrade our recommendation from sell to buy and raise the fair value from S$1.14 to S$2.12, which works out to 1.2 time book value for FY2009F. Subscribe for the rights shares. We recommend that shareholders subscribe for the rights shares. This is because the rights shares are priced at a discount of 38.7% to the fair value of S$2.12 for the stock. Moreover, with cash from the rights issue, NOL will be able to continue with its operation needs and pay for new vessels. It will be in a stronger financial position as it weathers the downturn in the shipping industry. |
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Alligator
Veteran |
03-Jun-2009 00:05
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I mean I got 2000 Mother share on hand, I already paid 1800 share via ATM before 02/06. If I sell my 2000 mother share before 12/06/09, ( you can sell these 2000 ANYTIME, dont have to wait for 12June.) Can i still keep
the 1800 Rights ?(YES, you will have your 1800 rights converted to new shares around 12June, if your payment are in order)
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Alligator
Veteran |
02-Jun-2009 23:44
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what do you mean by you bought 1800 Rights? did you buy nil-paid rights in market? have you PAID for the rights via ATM, deadline over already at 930pm just now.
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Alligator
Veteran |
02-Jun-2009 22:00
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x 0
x 0 Alert Admin |
Right trading period : not yet announced |
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Alligator
Veteran |
02-Jun-2009 17:15
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Haha, just read Lim and Tan issue BUY call. copy some here COMMENTS 1. We would have been surprised if NOL did not take advantage of a strongly improved share price to raise fresh capital, which it needs not only because of its own capex plans, but also because the crisis must bring with it opportunities for it to seize. 2. So investors should put behind them what had happened earlier, reprimand and all, and take up their entitlement in full. 3. What enables NOL to price its rights at such a narrow 9% discount to the theoretical ex-rights price of $1.43, is the full backing of Temasek Holdings, presently with a 67.43% stake. 4. Temasek will not only take up its entitlement in full, it has undertaken to subscribe for any shares not taken up by minority shareholders. 5. In that event, Temasek’s stake will rise to 81.4%. This is however unlikely to happen, what with green shoots sprouting everywhere. NOL’s latest operating statistics (Period 4 from Apr 4 to May 1) showed the decline (in Revenue per FEU) has slowed, basis for our BUY call. |
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Alligator
Veteran |
02-Jun-2009 14:36
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Just a reminder, today is last day, or CLOSING date for Rights payment, 2 June. Please remember to pay up your nil-paid rights by 9pm tonight via ATM, or else it become worthless after that. |
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Alligator
Veteran |
02-Jun-2009 14:31
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that means people who naked short kepland.. 1.6million is a lot, but perhaps nothing to them when they played big, if the share dropped and buy in price become much lower, they even make big money
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Alligator
Veteran |
02-Jun-2009 12:30
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x 0
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Uncle AK, r u not affected by so many SELL call on NOL? | ||||
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