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Latest Forum Topics / Genting Sing    Last:0.765 --  Post Reply
GenSp starts to move up again
moneycow
Master
25-Feb-2010 15:22     
 
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Its bleeding again :(

Thought it would go up but the other way is more thrue.

News keep reporting that Sands will opens in ohsases from April (near end).

Thats less then 2 months from now.............

This could be a  selling reason...couple with the facts that was report of late that, genting  make huge looses sinces 3-4 years back.
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julybabe
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25-Feb-2010 15:09     
 
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 Alert Admin 		I am now so sad as i missed the selling at $1.3.  Now lao sai all the way...
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nickyng
Supreme
25-Feb-2010 15:00     
 
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 Alert Admin 		cut loss lah! it will drop to 70cts level in REALITY...dunno when..but not too far off if the CASINO revenue gain rate for RWS is not  catching up/over it's $$$ losing rate at each qtr announcement! :P


jm2212      ( Date: 25-Feb-2010 14:52) Posted:

sarah,

u hit the jackpot. i'm so silly that i sold my bonds thinking that after made a good profit as dont want to wait till apr 2012. din expect genting shares to be pushed up so fast and even brought forward the conversion date by 2 years, worst is i bought the shares instead after heard that the casino will open early. i've been holding genting shares for 10 over years, not a single cent of dividen, just need to pray hard it will start to make $ from next quarter onwards



zillion      ( Date: 25-Feb-2010 13:57) Posted:

The Bond market is a lot bigger market than the Share market. Most bond holders/players are big names not retail investors.  Funds raising via the bond market will not dilute the shares instantly but will slowly kill the share market side. They reported that the 0% S$425m Convettible Bond 2012 was already fully converted by 31 Dec 2009. The next report was a balance of 0%S$425m CB 2012 yet to convert at 0.95. That balance of 321.1 means all the bond holders MUST get new shares of 338m. Like share market players we love to hold shares. So bond holders will hold bonds not new shares. Now there is an beavy overhanging of shares....and the one that is carrying the baby is the retail long term investors. Buy on rumours sell on fact......in other words buy the official opening, sell on opening of the Sentosa Casino. Big funds already ran road. But this is not the end of the game as the co reported losses last round....means more fund raising in the future. FYI since Luxembourg listing to the otc here Genting reports more losses habitually. This gives me the feeling that out of Msia to suck more $$$$$$!!!
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jm2212
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25-Feb-2010 14:52     
 
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sarah,

u hit the jackpot. i'm so silly that i sold my bonds thinking that after made a good profit as dont want to wait till apr 2012. din expect genting shares to be pushed up so fast and even brought forward the conversion date by 2 years, worst is i bought the shares instead after heard that the casino will open early. i've been holding genting shares for 10 over years, not a single cent of dividen, just need to pray hard it will start to make $ from next quarter onwards



zillion      ( Date: 25-Feb-2010 13:57) Posted:

The Bond market is a lot bigger market than the Share market. Most bond holders/players are big names not retail investors.  Funds raising via the bond market will not dilute the shares instantly but will slowly kill the share market side. They reported that the 0% S$425m Convettible Bond 2012 was already fully converted by 31 Dec 2009. The next report was a balance of 0%S$425m CB 2012 yet to convert at 0.95. That balance of 321.1 means all the bond holders MUST get new shares of 338m. Like share market players we love to hold shares. So bond holders will hold bonds not new shares. Now there is an beavy overhanging of shares....and the one that is carrying the baby is the retail long term investors. Buy on rumours sell on fact......in other words buy the official opening, sell on opening of the Sentosa Casino. Big funds already ran road. But this is not the end of the game as the co reported losses last round....means more fund raising in the future. FYI since Luxembourg listing to the otc here Genting reports more losses habitually. This gives me the feeling that out of Msia to suck more $$$$$$!!!!

Sarahli      ( Date: 25-Feb-2010 09:55) Posted:

If I hold a 10mil bond, surely GS needs to make sure that when they ask me to convert into shares, they need to give me the dollar equivalent amt in share price ie, 10mil worth of shares, isn't it?  And to entice me to convert, they must also give me margin to do so from a very safe haven of principal guaranteed plus interest for a no. of years to a vehicle that fluctuates up and down with no guaranteed return.

Hence, my rationale that GS will likely do this when the price is higher eg, ask their bond holders to convert at 0.95 when the price is above 1.2 (in current round).  If they do a conversion exercise when the share is 0.6, imagine the no. of shares that will flood the market?!  That will sink the share price even more which in turn will surely not please themselves in the long run cos they will find it more difficult to raise funds from shareholders or from the market.  Current conversion has already turned off shareholders who had faith in this company in the long run. 

 
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hotokee
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25-Feb-2010 14:49     
 
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 Alert Admin 		Looks like 90 cents for it to reach not difficult.  Loh ah!


AnthonyTan      ( Date: 25-Feb-2010 14:27) Posted:



If long cannot make $$$$$$, short oso can make

coffee $$$$$$. Cheers and good luck
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AnthonyTan
Elite
25-Feb-2010 14:27     
 
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If long cannot make $$$$$$, short oso can make

coffee $$$$$$. Cheers and good luck
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AnthonyTan
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25-Feb-2010 14:22     
 
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 Alert Admin 		Wah pian, lau sai, all red (sell down)
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AnthonyTan
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25-Feb-2010 14:18     
 
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Genting sp share px. down.

Nobody shout huat ah, huat ah.

Where are the forumers? hahaha
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zillion
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25-Feb-2010 13:57     
 
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 Alert Admin 		The Bond market is a lot bigger market than the Share market. Most bond holders/players are big names not retail investors.  Funds raising via the bond market will not dilute the shares instantly but will slowly kill the share market side. They reported that the 0% S$425m Convettible Bond 2012 was already fully converted by 31 Dec 2009. The next report was a balance of 0%S$425m CB 2012 yet to convert at 0.95. That balance of 321.1 means all the bond holders MUST get new shares of 338m. Like share market players we love to hold shares. So bond holders will hold bonds not new shares. Now there is an beavy overhanging of shares....and the one that is carrying the baby is the retail long term investors. Buy on rumours sell on fact......in other words buy the official opening, sell on opening of the Sentosa Casino. Big funds already ran road. But this is not the end of the game as the co reported losses last round....means more fund raising in the future. FYI since Luxembourg listing to the otc here Genting reports more losses habitually. This gives me the feeling that out of Msia to suck more $$$$$$!!!!

Sarahli      ( Date: 25-Feb-2010 09:55) Posted:

If I hold a 10mil bond, surely GS needs to make sure that when they ask me to convert into shares, they need to give me the dollar equivalent amt in share price ie, 10mil worth of shares, isn't it?  And to entice me to convert, they must also give me margin to do so from a very safe haven of principal guaranteed plus interest for a no. of years to a vehicle that fluctuates up and down with no guaranteed return.

Hence, my rationale that GS will likely do this when the price is higher eg, ask their bond holders to convert at 0.95 when the price is above 1.2 (in current round).  If they do a conversion exercise when the share is 0.6, imagine the no. of shares that will flood the market?!  That will sink the share price even more which in turn will surely not please themselves in the long run cos they will find it more difficult to raise funds from shareholders or from the market.  Current conversion has already turned off shareholders who had faith in this company in the long run. 

 



stevenk      ( Date: 25-Feb-2010 08:54) Posted:

hi, i do not see the rationale why the share price will go up before the bond conversion. possible to advise on the details that you based on
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AnthonyTan
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25-Feb-2010 13:22     
 
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A down to earth realistic posting.

To inform, educate and learn from one another.

That's the spirit and purpose of this forum.

Cheers



skbeng      ( Date: 25-Feb-2010 12:45) Posted:

Why people think this company is good in the long-term? Even with the UK casino, it is losing money. How can one casino in tiny SG turn the company around?

Even Disneyland HK got a hard time turning in profit, so would Universal Studio here be different? How is the profit split between Universal studio and Genting?

I don't think I remember Genting annoucing a profit at all in recent times. The most I heard is rights issue, Lim family sell shares and whatever that they do that supposed to dilute the share price.

I say speculate on this share but never think of this as a long term investment with the current management.

Anyway, think this share is gone case liao, it's slowly going down day by day and those holding slowly and cannot feel the pain because it goes down 1-2cents per day. Good luck.
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skbeng
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25-Feb-2010 12:45     
 
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 Alert Admin 		Why people think this company is good in the long-term? Even with the UK casino, it is losing money. How can one casino in tiny SG turn the company around?

Even Disneyland HK got a hard time turning in profit, so would Universal Studio here be different? How is the profit split between Universal studio and Genting?

I don't think I remember Genting annoucing a profit at all in recent times. The most I heard is rights issue, Lim family sell shares and whatever that they do that supposed to dilute the share price.

I say speculate on this share but never think of this as a long term investment with the current management.

Anyway, think this share is gone case liao, it's slowly going down day by day and those holding slowly and cannot feel the pain because it goes down 1-2cents per day. Good luck.
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nickyng
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25-Feb-2010 12:06     
 
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92.5cts going...gone !! hee...

 

wow 92cts now!

 

90cts coming! :D
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star-trader
Senior
25-Feb-2010 11:44     
 
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purelotus,

Well said. :)

Everyday in the trading market , it is a battle of emotions and whether you can overcome it, it will be another thing. The TA is only assisting you, decision still based on your last hurdle.. Emotion and always think what other opinions are true or not before making any trades forward...

rgds,

star-trader

 



hotokee      ( Date: 25-Feb-2010 09:53) Posted:

Risktaker is CW, so sometimes he gives and sometimes he takes. Hahaha.

purelotus      ( Date: 24-Feb-2010 22:20) Posted:



Someone post this before. I copy it and read it everytime i want to buy a stock.

 

Do not follow blindly; Buy what you know; Sell what you earn.

Don't buy when many people are buying; it may be already at its highest 

Don't sell when many people are selling; it may be already at its lowest 

Start buying when many people are selling; it may be at your bargain 

Start selling when many people are buying; it may be at your best profit. 

Be alert when market is too hot, it is your sign of exit 

Be alert when market is too soft, it is your sign of entrance 

Practice Practice Practice and you will perfect it one day.  

Do not GAMBLE

 

Once I also try to believe Genting can reach 1.5 before opening. But I sold mine mostly at 1.2+.

I read everyone post, but i made the last decision base on my way of trading.

I remember risktaker call to buy China Milk. I know China Milk from him. But after research, my decision is not to buy. Luckily i did not buy, else kena halt. Haha.

So do your own research and believe in yourself. If you make the wrong decision, you can improve and learnt the lesson.

If you just follow blindly, you learn nothing even you earn million. 

 
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nickyng
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25-Feb-2010 11:39     
 
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 Alert Admin 		hee...92.5cts reached!! this wk testing 90cts is a matter of time ! :P
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AnthonyTan
Elite
25-Feb-2010 10:34     
 
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Uncles & aunties are buying and selling now.

Where are the BB's?
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AnthonyTan
Elite
25-Feb-2010 10:13     
 
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Another saying:- if you gamble ten times, you will loss nine times

Hahaha
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AnthonyTan
Elite
25-Feb-2010 10:10     
 
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 Alert Admin 		PPL, always remember this:-

AnthonyTan      ( Date: 22-Feb-2010 08:49) Posted:

I like this saying very much.

THE TRUTH AND NOTHING BUT THE WHOLE TRUTH.



AnthonyTan      ( Date: 19-Feb-2010 11:07) Posted:

MM Lee said "I don't understand why they want to gamble.

THEY DEFINITELY WILL NOT WIN! They feel their luck

is good during the festive season. In the end? On the first day,

the House earned $3.5 million. The second day, the House earned

$3.7 million. The moral of the story is :DON,T GAMBLE. THEY

DEFINITELY WILL NOT WIN."
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hotokee
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25-Feb-2010 09:55     
 
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 Alert Admin 		If you remember during the global financial crisis, some companies lost billions overnight, and then they made billions overnight again.  Nothing is for sure in the game.

AnthonyTan      ( Date: 25-Feb-2010 09:48) Posted:



Sentosa IR project is a vast investment, about $6.59 billion.

Can anyone advise me how long it takes to break even.
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Sarahli
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25-Feb-2010 09:55     
 
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If I hold a 10mil bond, surely GS needs to make sure that when they ask me to convert into shares, they need to give me the dollar equivalent amt in share price ie, 10mil worth of shares, isn't it?  And to entice me to convert, they must also give me margin to do so from a very safe haven of principal guaranteed plus interest for a no. of years to a vehicle that fluctuates up and down with no guaranteed return.

Hence, my rationale that GS will likely do this when the price is higher eg, ask their bond holders to convert at 0.95 when the price is above 1.2 (in current round).  If they do a conversion exercise when the share is 0.6, imagine the no. of shares that will flood the market?!  That will sink the share price even more which in turn will surely not please themselves in the long run cos they will find it more difficult to raise funds from shareholders or from the market.  Current conversion has already turned off shareholders who had faith in this company in the long run. 

 



stevenk      ( Date: 25-Feb-2010 08:54) Posted:

hi, i do not see the rationale why the share price will go up before the bond conversion. possible to advise on the details that you based on.

Sarahli      ( Date: 24-Feb-2010 23:41) Posted:



If there is another round of bond conversion, then there will first be an upward price momentum to give the dollar equivalent plus a margin for bond holders to convert their bonds to shares.  So an opportunity for sellers or if you like, shorters.

For those who bought at 1.2 to 1.3, don't worry.  The price will come back if you hold it long enough unless you wish to cash out and buy other counters you are sure will make you some money to cover the loss you suffered in GS.


 
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hotokee
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25-Feb-2010 09:53     
 
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 Alert Admin 		Risktaker is CW, so sometimes he gives and sometimes he takes. Hahaha.

purelotus      ( Date: 24-Feb-2010 22:20) Posted:



Someone post this before. I copy it and read it everytime i want to buy a stock.

 

Do not follow blindly; Buy what you know; Sell what you earn.

Don't buy when many people are buying; it may be already at its highest 

Don't sell when many people are selling; it may be already at its lowest 

Start buying when many people are selling; it may be at your bargain 

Start selling when many people are buying; it may be at your best profit. 

Be alert when market is too hot, it is your sign of exit 

Be alert when market is too soft, it is your sign of entrance 

Practice Practice Practice and you will perfect it one day.  

Do not GAMBLE

 

Once I also try to believe Genting can reach 1.5 before opening. But I sold mine mostly at 1.2+.

I read everyone post, but i made the last decision base on my way of trading.

I remember risktaker call to buy China Milk. I know China Milk from him. But after research, my decision is not to buy. Luckily i did not buy, else kena halt. Haha.

So do your own research and believe in yourself. If you make the wrong decision, you can improve and learnt the lesson.

If you just follow blindly, you learn nothing even you earn million. 

 
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