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Too many inactives wasting shareholders money

Yeah what you felt is not wrong.  The gov is always good in near sightedness planning things for us. But when some plans got hay wired, they would try their best to correct them thus showing their forecasting ability not too good for such plans going wrong.  So basically, gov must always be mindful that many items of life of citizens must be planned out also with the future taken into proper studies and considerations so as to achieve objectives. That is why many Singaporeans worry about ministers' pay and foreigners competing with locals. 

We need to make everybody happy, not just some. Hope the future will still be good for everyone.  Singaporeans must huat and make good money to enjoy life. Stock market huat arh!

 

our gov is very good.   truly from my heart not sarcasm.

the things they do r for the benefits of either the country or majority.

if they takan the coy for every little decrepancy then coy will pull out n migrate to other bourses.   even if u dont takan some good one will choose to move out like  the taiwanese coy WanWan, when it decided to move out normal ppl doesnt feel anything but insiders heart pains but this is too big a fish to be inside our little pond, the angry part is our scholars, those top manygers, din manage to stop them from delisting.....

actually i m not angry with our regulator but they should at least wayang abit more seriously so tat ppl wont have much to talk abt or dont have the feeling tat we r bunch of idiots.

 

 

Yes, the query and answer session looks like children playing with one another.  It serves very little if any purposes at all except to disturb the sync of the market for the counter in question.  

Basically I think the market lacks enough market makers.  Thus I see it absolutely imperative that SGX/CDP should begin to think of doing the right thing to improve on the situation and help the helpless investors who are caught in the cracks. Because on the one hand SGX wants to query why a counter is attracting pretty volumes and price movements while on the other hand their query often gives an ugly break or pause of activity of the company concerned.  Understandably the authority wants to ensure " fair" play without realizing that their action might result in " unfair" play ensuing, when it queries a company in the public domain or even in secrecy as secrets are seldom secrets after a short while.

One thing I believe that should be done beneficially is to allow small time market makers to enter the market and work out some procedures to achieve a sustainable fair playing field.  Cheers.


 

rutheone1905      ( Date: 17-Aug-2012 11:35) Posted: wow Bop u r the man. when i go thru the SGX listing to search for counters to add into our listing for easy trade n alerts i come across counters with mostly 0 transaction n stagnant price. however i also notice some good dividend paying coy have 0 transaction most of the time too.   this is ofcos nobody wanna sell them since they r good dividend paying coy. for those lousy counters with 0 transaction, sometime they will become choices of speculation when someone " leak" out some so called " MOU" to entice newbies to chiong into the mkt n later say bla bla reasons tat the " MOU" is cancelled. by doing so big shareholders got the monies n pass the shares to newbies n very soon the next patterns come out i.e. Share consolidation, right issues etc either one u lose money sigh.... as for our authority, aiyo those r scholars leh.   they know wat to do.   the queries they sent to coy asking for " QUERY REGARDING TRADING ACTIVITY" is of standard format.   then the best thing is those coy replying to these " queries" also use standard format i.e. copying from one another. n the best is tat the authority never probe deeper, hahahaha so u can see how our scholars works lor.  btw i dont play pennies so i know not too much except the above.    Bopanha      ( Date: 17-Aug-2012 11:16) Posted: There are too many illiquid (inactively traded) companies on our SGX bourse. I am sure these companies are paying through their noses plenty of fees to maintain their listing for no apparent good reasons except to give potentials for siphoning money into their own directors' pockets, amounting to dishonesty and beating of the regulatory system. The " poor" investors who are landed with these phantom-like draculas (blood thirsty directors) are literally being sucked of their blood and sweat (hard earned money), not only unable to realize their investment but also liquidate their shares for money. There are many things the SGX could do to prevent abuses, but so far we have not heard or seen any actions except those day to day ones of queries and answers types.  More should be expected of the watchdog to prevent a company listing turning into a hype to squeeze the innocent public.  Furthermore, with not much trading for a listed company being done, the question of why are they paying to remain in SGX brings to mind.  Frankly we need an efficient market and a level one. Please let me hear what are your feelings about all these companies and what suggestions the authorities might have to deal with them.  Cheers.

 

Agred with both of you.  SGX could be just a paper tiger in everyone's eyes. They only watch volume action of a counter and here they could also query only if their fancy takes the better of their minds, esp in cases where they thought it should not be the case for things to happen. I think we still require some additional if not unique  independant commissions for market control. 

 

wow Bop u r the man.

when i go thru the SGX listing to search for counters to add into our listing for easy trade n alerts i come across counters with mostly 0 transaction n stagnant price. however i also notice some good dividend paying coy have 0 transaction most of the time too.   this is ofcos nobody wanna sell them since they r good dividend paying coy.

for those lousy counters with 0 transaction, sometime they will become choices of speculation when someone " leak" out some so called " MOU" to entice newbies to chiong into the mkt n later say bla bla reasons tat the " MOU" is cancelled. by doing so big shareholders got the monies n pass the shares to newbies n very soon the next patterns come out i.e. Share consolidation, right issues etc either one u lose money sigh....

as for our authority, aiyo those r scholars leh.   they know wat to do.   the queries they sent to coy asking for " QUERY REGARDING TRADING ACTIVITY" is of standard format.   then the best thing is those coy replying to these " queries" also use standard format i.e. copying from one another.

n the best is tat the authority never probe deeper, hahahaha so u can see how our scholars works lor. 

btw i dont play pennies so i know not too much except the above. 

 

Bopanha      ( Date: 17-Aug-2012 11:16) Posted: There are too many illiquid (inactively traded) companies on our SGX bourse. I am sure these companies are paying through their noses plenty of fees to maintain their listing for no apparent good reasons except to give potentials for siphoning money into their own directors' pockets, amounting to dishonesty and beating of the regulatory system. The " poor" investors who are landed with these phantom-like draculas (blood thirsty directors) are literally being sucked of their blood and sweat (hard earned money), not only unable to realize their investment but also liquidate their shares for money. There are many things the SGX could do to prevent abuses, but so far we have not heard or seen any actions except those day to day ones of queries and answers types.  More should be expected of the watchdog to prevent a company listing turning into a hype to squeeze the innocent public.  Furthermore, with not much trading for a listed company being done, the question of why are they paying to remain in SGX brings to mind.  Frankly we need an efficient market and a level one. Please let me hear what are your feelings about all these companies and what suggestions the authorities might have to deal with them.  Cheers.

 

There are too many illiquid (inactively traded) companies on our SGX bourse. I am sure these companies are paying through their noses plenty of fees to maintain their listing for no apparent good reasons except to give potentials for siphoning money into their own directors' pockets, amounting to dishonesty and beating of the regulatory system.

The " poor" investors who are landed with these phantom-like draculas (blood thirsty directors) are literally being sucked of their blood and sweat (hard earned money), not only unable to realize their investment but also liquidate their shares for money.

There are many things the SGX could do to prevent abuses, but so far we have not heard or seen any actions except those day to day ones of queries and answers types.  More should be expected of the watchdog to prevent a company listing turning into a hype to squeeze the innocent public.  Furthermore, with not much trading for a listed company being done, the question of why are they paying to remain in SGX brings to mind.  Frankly we need an efficient market and a level one.

Please let me hear what are your feelings about all these companies and what suggestions the authorities might have to deal with them.  Cheers.