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Latest Forum Topics / Genting Sing    Last:0.77 --  Post Reply
GenSp starts to move up again
cathylmg
Elite
09-Sep-2009 15:28     
 
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 Alert Admin 		Will someone comment on this? What is the implication of the rights issue? How much will it affect current share price?

profitezi      ( Date: 09-Sep-2009 15:25) Posted:



SINGAPORE, Sept 9 (Reuters) - Casino operator Genting Singapore (GENS.SI) said on Wednesday it will raise S$1.63 billion ($1.15 billion) in a rights issue, confirming an earlier Reuters story.

The firm will offer shareholders one rights share for every five held at S$0.80 a share.

Genting, a unit of Malaysia's Genting Bhd (GENT.KL), said the funds raised will strengthen its balance sheet, enhance its financial flexibility and facilitate future business expansion.

The issue will be fully underwritten by DBS Bank (DBSM.SI), CIMB-GK Securities, J.P. Morgan (JPM.N), RBS (RBS.L), CLSA, Deutsche Bank (DBKGn.DE), HSBC (HSBA.L)and UBS (UBSN.VX) (Reporting by Kevin Lim; Editing by Saeed Azhar)

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loyfam88
Senior
09-Sep-2009 15:27     
 
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 Alert Admin 		Can we apply for excess rights and does it usually get alloted or based on take up rate?
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erictkw
Veteran
09-Sep-2009 15:25     
 
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Shares trade ex-Rights : Friday, 18 September 2009 from 9.00 a.m.

Books Closure Date : Wednesday, 23 September 2009 at 5.00 p.m.

Despatch of the Offer Information Statement, the ARE and the PAL (as the case may be) to Entitled Depositors and Entitled Shareholders
: Monday, 28 September 2009

Commencement of trading of “nil-paid” rights : Monday, 28 September 2009 from 9.00 a.m.

Last date and time for trading of “nil-paid” rights : Tuesday, 6 October 2009 at 5.00 p.m.

Last date and time for splitting of “nil-paid” rights Tuesday, 6 October 2009 at 5.00 p.m

Last date and time for acceptance of and payment for Rights Shares : Monday, 12 October 2009 at 5.00 p.m.
(9.30 p.m. for Electronic Applications)

Last date and time for renunciation of and payment for Rights Shares : Monday, 12 October 2009 at 5.00 p.m.

Last date and time for application and payment for excess Rights Shares : Monday, 12 October 2009 at 5.00 p.m.
(9.30 p.m. for Electronic Applications)

Expected date for issuance of Rights Shares : Tuesday, 20 October 2009

Expected date for the commencement of trading of Rights Shares : Wednesday, 21 October 2009 from 9.00 a.m.
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loyfam88
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09-Sep-2009 15:25     
 
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 Alert Admin 		What do you mean by the avg price of 1.125????

ruanlai      ( Date: 09-Sep-2009 14:58) Posted:



Average will be $1.125.

 

So the opening still have room to push up......further to $1.24....

 

Huat lar....
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profitezi
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09-Sep-2009 15:25     
 
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SINGAPORE, Sept 9 (Reuters) - Casino operator Genting Singapore (GENS.SI) said on Wednesday it will raise S$1.63 billion ($1.15 billion) in a rights issue, confirming an earlier Reuters story.

The firm will offer shareholders one rights share for every five held at S$0.80 a share.

Genting, a unit of Malaysia's Genting Bhd (GENT.KL), said the funds raised will strengthen its balance sheet, enhance its financial flexibility and facilitate future business expansion.

The issue will be fully underwritten by DBS Bank (DBSM.SI), CIMB-GK Securities, J.P. Morgan (JPM.N), RBS (RBS.L), CLSA, Deutsche Bank (DBKGn.DE), HSBC (HSBA.L)and UBS (UBSN.VX) (Reporting by Kevin Lim; Editing by Saeed Azhar)
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erictkw
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09-Sep-2009 15:09     
 
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My average price becomes lower after adding in the rights shares so will stay put and not do any selling. Smiley 
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jackjames
Elite
09-Sep-2009 15:02     
 
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 Alert Admin 		i don't think it will impact the current price greatly, it's 1 right share for every 5 shares, and the right price is pretty high at 80 cents, I believe the price is still well above $1 after they lift the trading halt.

ruanlai      ( Date: 09-Sep-2009 14:54) Posted:

The Rights Issue.

“

underwritten rights issue (the “

in the capital of the Company (the “

Rights Share (the “

existing ordinary shares in the capital of the Company (the “

Shareholders (as defined below) as at the Books Closure Date (as defined below),

fractional entitlements to be disregarded.

The Rights Issue is expected to raise gross proceeds of up to S$1.63 billion and is

undertaken to pro-actively strengthen the balance sheet of the Company and its

subsidiaries (the “

facilitate future business expansion.The Board of Directors (the “Board”) of Genting Singapore PLC (theCompany”) wishes to announce that the Company is undertaking a renounceableRights Issue”) of up to 2,043,716,094 new ordinary sharesRights Shares”) at an issue price of S$0.80 for eachIssue Price”), on the basis of one (1) Rights Share for every five (5)Shares”) held by theGroup”), enhance its financial flexibility and competitive position and
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ruanlai
Master
09-Sep-2009 14:58     
 
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Average will be $1.125.

 

So the opening still have room to push up......further to $1.24....

 

Huat lar....
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erictkw
Veteran
09-Sep-2009 14:56     
 
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 Alert Admin 		Some elaboration will eliminate many anxiety for many forumers here.  Smiley.

risktaker      ( Date: 09-Sep-2009 14:28) Posted:

There is a meaning for each queue. Depending on what the Controlling BB want to do.

Anyway Genting Die die has to rise $1.24 & hold its position.



erictkw      ( Date: 09-Sep-2009 14:20) Posted:

Still have someone Q to buy at 1.3??????
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ruanlai
Master
09-Sep-2009 14:54     
 
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The Rights Issue.

“

underwritten rights issue (the “

in the capital of the Company (the “

Rights Share (the “

existing ordinary shares in the capital of the Company (the “

Shareholders (as defined below) as at the Books Closure Date (as defined below),

fractional entitlements to be disregarded.

The Rights Issue is expected to raise gross proceeds of up to S$1.63 billion and is

undertaken to pro-actively strengthen the balance sheet of the Company and its

subsidiaries (the “

facilitate future business expansion.The Board of Directors (the “Board”) of Genting Singapore PLC (theCompany”) wishes to announce that the Company is undertaking a renounceableRights Issue”) of up to 2,043,716,094 new ordinary sharesRights Shares”) at an issue price of S$0.80 for eachIssue Price”), on the basis of one (1) Rights Share for every five (5)Shares”) held by theGroup”), enhance its financial flexibility and competitive position and

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bondbond
Member
09-Sep-2009 14:40     
 
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any idea will it be trading today for genting?

anyone can advise? thks
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bondbond
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09-Sep-2009 14:36     
 
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ya me still holding on it. of cos at tat time shut down everything din go and see until recently, see it moving was relief a bit.

cos when it went down to 0.60 tat time i was cash tight din buy in cos still got many counters on hand oso.

so when yesterday it reaches 1.20 was so happy tis morning heard halt haiz.....

hope tis genting can help me to recover some of my losses since last year. btw, my malaysian friend ask me not to sell hold till the day b4 the casino open. 



iPunter      ( Date: 09-Sep-2009 14:27) Posted:

You bought last year @1.16... then it went down (until up got heart attack?) ...

Then the god/s now saved you and you and give you a chance, it went back to 1.20, and you still want to hold? ...

But maybe the god/s want you to be rich... hehehe...  Smiley



risktaker      ( Date: 09-Sep-2009 14:15) Posted:

Relax :)
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TuaPekGong9413
Elite
09-Sep-2009 14:31     
 
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 Alert Admin 		make a bit let go liao...dun greed to wan to reap large $.....in this very volatile time, hard cash most important....the other day i sold half my portfolio then went to bank to cash out.....damn shiok to hold the cash in my hand....only when u reap profit then can buy other counters....if not all is just paper profit....
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leong3k
Member
09-Sep-2009 14:30     
 
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 Alert Admin 		Why most of the counter b4 right issue share px will signal downtrend but for genting sg it opposite direction... any senior or expert can explain ?
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risktaker
Supreme
09-Sep-2009 14:28     
 
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There is a meaning for each queue. Depending on what the Controlling BB want to do.

Anyway Genting Die die has to rise $1.24 & hold its position.



erictkw      ( Date: 09-Sep-2009 14:20) Posted:

Still have someone Q to buy at 1.3??????
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iPunter
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09-Sep-2009 14:27     
 
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You bought last year @1.16... then it went down (until up got heart attack?) ...

Then the god/s now saved you and you and give you a chance, it went back to 1.20, and you still want to hold? ...

But maybe the god/s want you to be rich... hehehe...  Smiley



risktaker      ( Date: 09-Sep-2009 14:15) Posted:

Relax :)



bondbond      ( Date: 09-Sep-2009 14:12) Posted:



i had some on hand since last year 10 lots for $1.16 hope this halt won't make me heart attack sia

cos i was hoping it can move up some more b4 i sell, cos burn badly on last year contra haiz............

now got cross fingers liao
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jng1103
Senior
09-Sep-2009 14:26     
 
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 Alert Admin 		LOL once bitten twice NOT shy? LOL good luck :)

bondbond      ( Date: 09-Sep-2009 14:12) Posted:



i had some on hand since last year 10 lots for $1.16 hope this halt won't make me heart attack sia

cos i was hoping it can move up some more b4 i sell, cos burn badly on last year contra haiz............

now got cross fingers liao
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erictkw
Veteran
09-Sep-2009 14:20     
 
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 Alert Admin 		Still have someone Q to buy at 1.3??????
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risktaker
Supreme
09-Sep-2009 14:15     
 
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Relax :)



bondbond      ( Date: 09-Sep-2009 14:12) Posted:



i had some on hand since last year 10 lots for $1.16 hope this halt won't make me heart attack sia

cos i was hoping it can move up some more b4 i sell, cos burn badly on last year contra haiz............

now got cross fingers liao
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bondbond
Member
09-Sep-2009 14:12     
 
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i had some on hand since last year 10 lots for $1.16 hope this halt won't make me heart attack sia

cos i was hoping it can move up some more b4 i sell, cos burn badly on last year contra haiz............

now got cross fingers liao
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