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China Eratat Sports Fashion IPO offer at 30ct

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AK_Francis
    18-Apr-2008 00:33  
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Come to basic principle, when market is bad, coy should postpone their IPO, likewise for traders, avoid IPO as well. AK experience and observation, can ponder about leow, my view.
 
 
serene
    17-Apr-2008 20:18  
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Quite a few got caught today - they'll have to carry the baby for some time, or to bear the pain and cut loss. I'm sure tomorrow will be another bloody day for this counter.

serene      ( Date: 16-Apr-2008 20:29) Posted:



Nearly under-subscribed. Remember this business can be easily duplicated. Competition is so tough - just visit the biggest consumer product market in Shanghai and you can find hundreds of sports wear brand on offer at cut throat prices. Just bought a few pieces of high quality sports wear that cost less than S$3 on my recent visit. So there will be lots of blood- letting tomorrow when it is being traded. Short-ah after it runs up 2-3 bids on opening. The run-up is what we called the 'bear trap'!


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Based on the total Invitation size of 163,000,000 Invitation Shares and total valid applications for 195,843,000 Shares (comprising 40,893,000 Offer Shares and 154,950,000 Placement Shares), the Invitation is approximately
1.2 times subscribed.

 
 
hotstock
    17-Apr-2008 18:30  
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Pls dun waste time on small timers. THere are so many good examples in our Mainboard. Which small timer flies?
 

 
AK_Francis
    17-Apr-2008 18:11  
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Highest 0.34, if you hv only few lots, brokage also not enough ah. Such a low margin, no confidence from small timers leow. Cheers
 
 
knightrider
    17-Apr-2008 16:44  
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Going Down hill liao ! Market closing, all getting out now !
 
 
AK_Francis
    17-Apr-2008 01:25  
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Ayoh, if you can affort to apply leave tomorrow , go ahead loh. Smiley 
 

 
teeth53
    16-Apr-2008 22:38  
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Wahliow DOW  177.01   +1.43%   12,539.48 points..hopefully >$0.40 cents coming...Smiley
 
 
teeth53
    16-Apr-2008 22:28  
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$0.40ct is coming......isit ???.
 
 
teeth53
    16-Apr-2008 22:27  
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DOW is 1.22% higher by 150 points to.......DOW    150.38    +1.22%   12,512.85
 
 
teeth53
    16-Apr-2008 21:45  
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My guess is as good as mine. I'm betting opening is above water. This one got kopi $$$.
 

 
teeth53
    16-Apr-2008 21:42  
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Lobang Bei KaPut...got Kopi $$$ must make. Good luck to all those vested.....Cheongg Ahh.Smiley
 
 
ericsim
    16-Apr-2008 20:52  
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if tonight DOW up, tomorrow cheong ahhhhhhhhhh contra contra dun hold baby over weekend. Hmmmm most probably DOW will cheong tonight based on the future but dun trust to much anything can happen
 
 
serene
    16-Apr-2008 20:47  
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My guess is just as good as yours. I'm betting opening between 28.5c - 30.5c.
 
 
bh704428
    16-Apr-2008 20:40  
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Anyone has any guess/prediction on it's opening price tomorow?
 
 
serene
    16-Apr-2008 20:29  
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Nearly under-subscribed. Remember this business can be easily duplicated. Competition is so tough - just visit the biggest consumer product market in Shanghai and you can find hundreds of sports wear brand on offer at cut throat prices. Just bought a few pieces of high quality sports wear that cost less than S$3 on my recent visit. So there will be lots of blood- letting tomorrow when it is being traded. Short-ah after it runs up 2-3 bids on opening. The run-up is what we called the 'bear trap'!


--


Based on the total Invitation size of 163,000,000 Invitation Shares and total valid applications for 195,843,000 Shares (comprising 40,893,000 Offer Shares and 154,950,000 Placement Shares), the Invitation is approximately
1.2 times subscribed.
 

 
AK_Francis
    15-Apr-2008 01:15  
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Lopang kaput leow, not for small timer like me ah. Shrimps will do. Cheers.
 
 
teeth53
    14-Apr-2008 23:16  
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Placement share is all but oredi completed, so now is up to those BBs vested, those cannot get it may have to buy from open market. Good or bad, cheap..cheaper, it will be decide upon overall by subscribtion rate and market sentiment. Will chk grey px on on the eve of trading nite. Smiley
 
 
teeth53
    14-Apr-2008 23:09  
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Here another one, cut and paste, hope it help also......Smiley For more info . Pls click B-low.
http://www.remisiers.org/research//Traders%20Spectrum%20-%20China%20Eratat%20_IPO_.pdf
 
 
AK_Francis
    14-Apr-2008 18:21  
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Got such good lopang!! Share share leh. What  I understand is that you may get discounted IPO if the listing is under subscript. The underwriter agency(s) have to absorb the unsubscripted open market shares. On the other hand, coy/coporate institutes may sell their placement share to others if they don't want to hold too many, after they hv signed the agreement on the palcement deal. In that instance, they ought to sell at a discounted price leow loh. All above may not be right, thinking too much, being as a Phd, permanent head damaged, ha ha.  
 
 
serene
    14-Apr-2008 17:13  
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My friend in the stock brokerage industry says I can buy it at a cheaper price than the IPO price after it is listed, if I am interested.
 
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