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Allgreen
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chipchip66
Master |
08-Nov-2006 22:29
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if this baby drops, i will pick up some more! Next year property stocks will be taking a head start in the Jan rally if it does happen.It should happen bcos the economy feeds it wwith healthy GDP figures. I wonder if Big Brother will restore back our CPF cuts. |
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singaporegal
Supreme |
08-Nov-2006 21:48
Yells: "Female TA nut" |
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Strong downtrend... like what rouge_trader says. |
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NiToyo
Member |
08-Nov-2006 20:08
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Seems like $375 div + 60cts right are not attractive... |
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rogue_trader
Master |
04-Nov-2006 01:25
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A/D Lines and Chaikin pointing to a sharp downtrend. Stochastic pointing to a downtrend too. Next week might see a correction. |
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rogue_trader
Master |
04-Nov-2006 01:25
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A/D Lines and Chaikin pointing to a sharp downtrend. Stochastic pointing to a downtrend too. Next week might see a correction. |
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Nostradamus
Supreme |
04-Nov-2006 01:21
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DBSV has increased its target price to $1.94 from $1.59 sgd, while keeping its "buy" rating for the stock, after raising its valuations for the company's investment properties in the light of the boom in the property market here. The brokerage said Allgreen's third-quarter results had been better than expected. "Prices of private residential properties continue to rise while average hotel room rates have improved and the leasing momentum is strong for both the office and retail space," DBSV said in a note to clients. "We continue to remain upbeat on the residential sector and expect Allgreen to benefit from the residential market up-cycle as it still has a number of un-launched residential projects on hand," it said. |
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chipchip66
Master |
03-Nov-2006 16:03
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u missed all the action! nevermind, relax and enjoy yr weekend. Next week should have some action also! |
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shplayer
Elite |
03-Nov-2006 16:02
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patseow8, Yes. |
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knightrider
Elite |
03-Nov-2006 15:49
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Hi johnttc & Chipchip, Thks for highlighting all good stocks to me ! At around 10 am, my finger got burn accidentally when soldering some electronic components for my home theatre system, thus went to clinic just returned ! I also did not chase the 2 IPO this morning. Did i missed any good deals ? |
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patseow8
Member |
03-Nov-2006 15:06
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Thanks shplayer, so for my case after exercising the rights issue i will have 15 lots and the cost per share will be about $1.25. Am I right?
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chipchip66
Master |
03-Nov-2006 15:03
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sorry wrong cal. You are rite. Just hope its PE is lower than its peers. |
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shplayer
Elite |
03-Nov-2006 14:56
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hestia23, yes, sure....you will be entitled to rights and div up to the day before xd. xd has not been ascertained yet and will probably be announced after Co. gets approval from SGX and MAS. |
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hestia23
Member |
03-Nov-2006 14:45
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Hi shplayer If I buy now, would I be entitled to the 'rights' issue? Thanks! |
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shplayer
Elite |
03-Nov-2006 14:27
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2 lots @ $2.00 bought during cd will cost you $4000 + comm etc. Upon xd, you are entitled to net div of 30cts per share ($600). You can use this div to subscribe for your 'rights' of 1 lot @ 60cts per share, So, you now have 3 lots but your cost is still $4000 + comm, etc Cost per lot on xd is 4000/3 = $1333.33 Hope this is clearer. |
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chipchip66
Master |
03-Nov-2006 13:02
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If i bought 2 lots at $2.00 and subscribe my rights, I would have paid $5200 for 3 lots. So 1 lot would be around $1733. Is that rite? |
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shplayer
Elite |
03-Nov-2006 12:56
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chipchip66, @ cd price of 2.00, theoretical xd price is 2.00/1.5 = $1.33 |
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chipchip66
Master |
03-Nov-2006 12:51
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tks shplayer! I actually got xd price of $1.60 TO $1.70 if price during cd is about $1.90 to $2.00. Even at $1.80 now, it is still a good price to pay as after xd and accepting the rights, the average price is $1.20 a share! |
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shplayer
Elite |
03-Nov-2006 12:43
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Another consideration for exercising the 'rights' is: Current NAV is 1.56. XD NAV will be 1.56/1.5 = $1.04 The rights give shareholders to buy new shares @ 42.3% discount to NAV(xd). |
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shplayer
Elite |
03-Nov-2006 12:32
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patseow8, chipchip66, Allgreen's proposed div and rights issue is nothing more than a modified 'bonus' issue with a difference.If shareholder does not want more shares, he/she can opt for cash @ 60cts per share. Assume all shareholders exercise their 'rights', then, for each 1 lot they have, upon xd, they will have 1.5 lots....paid for in full by their div of net 30cts per share. Based on today's trading price of about 1.80, adjusted price on xd will be 1.80/1.5 = $1.20. If I am a shareholder, I will undoubtedly accept the rights cos the xd value is $1.20 per share.......compared to receiving div valued @ 60cts for the foregone 'rights'. Hope this helps. |
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chipchip66
Master |
03-Nov-2006 10:48
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Hi pat, b4 announcement price traded at $1.69. Company announced Div of 30c net with rights issue of 60c for 500 shares. I think xd price should be around $1.60 - $1.70. Just my opinion. Maybe Shplayer can help? |
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