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Any Sifu out there that can advise a bit on Libra?
Look isn't it a con job, next ipo just buy early and take profit and run.
which one ...TA of course.
I have been reading here and somebody once said, never to buy Singpaore IPOs. It is usually inflated before listing and then when it gets listed, the price will trade downwards owing to these reasons:
1. Free loaders who load the share via private placements and brokers earning placement commissions.
2. Relatives and friends who will seize the opportunity to buy pre IPO and pre-evaluated share price (cheap like mad type) and buy them substantially.
3. Once listing, everybody will rush to take money off the table, and laugh to the bank.
Why are we in such a dire situation? We are Singapore.
hi no any how short short.. be careful..
medivh ( Date: 16-Nov-2011 11:49) Posted:
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Still got chance if you haven't get in... this IPO price at 20.5c.. still long way to fall.. LOL (" ,)
freeme ( Date: 16-Nov-2011 10:45) Posted:
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good la.. knn i miss it.. bec see yanlord up so much damn
medivh ( Date: 16-Nov-2011 10:18) Posted:
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Woo hooo.. anyone short this in the morning?
I played around with 30lots at 56c... now see px 46c (" ,)
Too good to be true..
See page 57. Pre-IPO Investor
The Pre-IPO Investor has undertaken not to sell, transfer, assign, dispose of, realise or enter into any
agreement that will directly or indirectly constitute or will be deemed as a disposal of all or any part of
her shareholdings in our Company being the profit portion of her investment as at the date of our
Company’s admission to Catalist as set out below (the “Pre-IPO Investor’s Moratorium Shares”) for
a period of 12 months from the date of our Company’s date of admission to Catalist.
| Preliminary Offer Document | 12-Oct-2011 |
(02) Libra Group Preliminary Offer Document.pdf |
| Offer Document (Clean) | 2-Nov-2011 |
(03) Libra Offer Document (Clean).pdf |
http://www.sgx.com/wps/wcm/connect/sgx_en/home/catalodge/20111012+_+libra+group+limitedLibra
| Libra | Op-0.340 | Cls-0.570 | Vol-71,872,000 | 5,000 | 0.570 | 0.575 | 15,000 | Hi-0.570 | Lo-0.280 |
The Company placed out 31m Placement Shares (26m New and 5m Vendor) at $0.205 each.
Libra closed much higher on it 1st day trading, it IPO - catalist offer at 0.205c, at closing, it closed 0.57 or +178.05%, obversely BBs got a hand in determined who want to perform shorting on it 1st trading day.
Believe their stake bot it much, much cheaper, (it like institution investor - cannot sell for a year) they oso did make, make much for today to prepare for next day battle. 2moro profiting maybe less then today profiting.
Today, Shortist die, pain, pain, very badly on this stk.
Today those who shorted in the morning 
Saw alot of short covering near afternoon.
Those who play intraday long will be like this..
Very happy and smiling all the way to bank.
Saw alot of short covering near afternoon.
Those who play intraday long will be like this..
Very happy and smiling all the way to bank.
I check the trade, it is quite suspicious, take care, the px go up with no resistance at all..it is a con job in the making.
It is the green shoe effect..........
victortan ( Date: 15-Nov-2011 17:41) Posted:
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this is what i copy from shareinvestment site...........
Co provides integrated mechanical and electrical engrg (M& E) svcs in the air-conditioning & mechanical ventilation (ACMV) biz and mfg, sale & trdg of related pdts.
do you think their business nature worth 0.57c???think again,so good to nake money in this line??? take care.
Andrew ( Date: 15-Nov-2011 17:12) Posted:
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If you have notice most of the new IPO, it is always push up on lisitng and then, most of them sink later, but some are even worse, no one to push.
But mostly all, so if you want to speculate, quick to take profit, before game over. take care.
Izzit a Catalist stock ?? What does it do for a living ?
anyone can lend me shares to short it at 53cts?
any views on this ipo Libra's tomoro debut performnce?