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Kingster,
You are right! Not worth taking the risk. Must well put to other counters that have potential to move up in the long run. Anyway, if it is a slow recovery, then oil will be in doldrum for a while. Be careful, cyberspace is "oily"...
waterfalls ( Date: 26-May-2009 17:47) Posted:
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not to worrylah...tpetrochina not so stupid to go public the offer without the blessings of the chinese govt. china is hungry for oil to develop their country and resources. i'd consider it a done deal!
kingster ( Date: 26-May-2009 17:32) Posted:
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In this case, the Percentage (%) Return is Fine.
But for a Substantial Dollar ($) Return, it requires Substantial Capital because the Price is S$6.10.
Where Money is NOT enough, ONLY can SEE but canNOT GET.
This morning i went to ask for EXTRA CREDIT LINE but NOT POSSIBLE because of the SEVERE CREDIT CRUNCH SYNDROME (SCCS).
If the price is only S$0.61 or S$0.061, there is NO SUCH CHANCE ALREADY!
MONEY NOT ENOUGH canNOT make MORE MONEY!
Those with less money earn lower return.
Those with MORE MONEY earn HIGHER RETURN.
Those with less money buy from the market at HIGHER PRICE.
Those with MORE MONEY buy from PRIVATE PLACEMENT at lower price.
MONEY is ALWAYS NOT ENOUGH in HIGH PRICE COUNTRY especially at this TIME.
This is the IRONY!
the biggest worry is that china gov will not give the go ahead... that is the main doubt. if so, then there is NO general offer... else why u think everyone so stupid dont go buy meh? the risk of earning that few % compared to the risk of losing so much more when the go ahead is not given is just not worth it... gd luck to u guys anyway!
that is so logical maths! spc price will go up to the offer price soon.
SPC is IN THE MONEY.
PETROCHINA offer at S$6.25 is the Minimum General Offer Price.
If market price exceeds S$6.25, PETROCHINA General Office Price has to be higher.
Even at S$6,25, buying at S$6.21 is still IN THE MONEY because No Brokerage is charged for General Offer Acceptance.
Now SPC is trading at S$6.10.
Buying at S$6.10 means SURE PROFIT with LEAST GENERAL OFFER at S$6.25.
RETURN is at least 10% p.a. because the CASH OUT will take less than a year (360 bank days).
I am wondering WHY those depositors with CASH in the bank earning less than 1% p.a. for 12 months are STILL waiting????
Singapore Education is Financially inadequate.
Or even the Primary Math is also inadequate!?
This is just very simple computation to MULTIPLY the Annual Return on CASH in the Bank.
WHY leave CASH IDLE in the bank earning less than 1% per annum.