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Yes. My OCBC 5.1% also still holding since IPO.Very good interest rate which can't find in Singapore !!
Sept11 ( Date: 24-Nov-2010 22:52) Posted:
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I just sold 1 lot.....is the brokages fees as normal shares?
Jet
Still holding? Anyway u r rich, lots of cash in hand. Applied 11 lots...
des_khor ( Date: 23-Nov-2010 12:31) Posted:
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I will profit around $750 for 3 lots....
If i sell now @ 102.64, can get $500 instant profit for 200 shares i own, who said NCPS is for long term?
Not bad for the $940 per annum interest credited to my POSB a/c on 22 May and 22 November every year. Looking forward to hold as alternative savings & serve only small part of my investment portfolio. Happy investing!
Normally, investors buy preference shares for their higher interest.
Trading activities are limited unless one need the money.
Sept11 ( Date: 22-Nov-2010 12:40) Posted:
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UOB Bk 5.05% NCPS 100 106.000
OCBC Bk 4.5% NCPS 100 103.500
So chances are DBS Bk 4.7% NCPS 100 likely will be open tomorrow with price in between UOB & OCBC.
When applying, good to put in wife and children' name oso.
Better chance of allotment. Anyway, buying preference shares
with higher interest is one form of diversification. Good luck.
Got 3 lots only....
des_khor ( Date: 19-Nov-2010 23:03) Posted:
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You apply 2 lots and get 2 lots.... I apply 11 lots and hopefully get 11 lots too !
Sept11 ( Date: 19-Nov-2010 22:35) Posted:
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Result already out:
Check ur internet banking.
| Security | Price | No. Applied | Allotment | Status | |||
| Cash | CPF | Total | Cash | CPF | |||
| DBS PREF | Fixed S$100.00 |
200 | - | 200 | 200 | 0 | Successful |
9pm already, results still not out.
SINGAPORE, Nov 18 - DBS Group <DBSM.SI> will issue S$800 million in non-cumulative, non-convertible and non-voting preference shares after its initial offer of S$500 million was over 3.5 times subscribed, the bank said on Thursday.
The preference shares, which pay an annual dividend of 4.7 percent and qualify as Tier-1 capital, will start trading on Nov 23.
The latest series, aimed at retail investors, are denominated in units of S$100 and will trade in lots of 100 preference shares. [ID:nSGC003835]
joshlai86 ( Date: 19-Nov-2010 13:01) Posted:
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I'm fairly confident all who applied for 1lot would get their 1lots. Everybody would get something. No need ballot, just need to allocate.
Sept11 ( Date: 19-Nov-2010 12:36) Posted:
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Hope can grab some from tonight's ballot....
DBS: 4.70% Offer Of Non-Cumulative, Non-Convertible, Non-Voting Preference Shares More Than 3.5 Times Subscribed.
18 Nov 2010 17:25
DBS Bank announced that its offer of SGD 500 million in aggregate liquidation preference of 4.70% non-cumulative, non-convertible and non-voting preference shares has closed. The offer attracted strong interest and was more than 3.5 times subscribed. As at the close of the offer, total applications amounting to more than SGD 1.8 billion had been received. Of this, retail subscriptions via ATMs and Internet banking alone amounted to more than SGD 1.4 billion, while the placement and reserve tranches meant for institutional investors and employees of DBS saw total demand of more than SGD 400 million...
Luckily I already apply 11 lots last night...
joshlai86 ( Date: 18-Nov-2010 16:38) Posted:
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Application has already closed! it closed 4hours ago at 12pm.
WeiQiQi ( Date: 18-Nov-2010 16:05) Posted:
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application closes tonight at 9pm if u r applying through ATM. FYI, if u have an ibanking account with posb or dbs, can actually apply online. Dun need to go the ATM. LOL, dun need to pay the $2 fee :)