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1061-1080 of 4131
obviously sgx price partificially pusehed up before listing so as to match the other side
what must drop has to drop ............... law of gravity in stocks
Ahhhh thanks James,
will wait for monday news then decide on my holdings.
cheers.
In the long run, it will be very good for sgx..short term really depend on the price they pay......the new ceo is quite good so far, so hope he can do a good job this time.....ASX got a lot of good mining stocks that will be strong for the next few years at least....
Look for stocks listed in sgx but has exposure in Aust....such as StamfordLand that got hotels and properties development in Aust and Guocoleisure that got oil and gas stake in Aust.....this is like a dual listing for the stocks......
fun_trader ( Date: 23-Oct-2010 11:18) Posted:
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I c, thanks a lot for enlighten me.
So short term no good, maybe long term should be ok right.
It seems tt many are thinking the future businesses will be affected by this marriage...px is affected by future earnings.
BROTHER - THATS THE FURE EARNINGS U ARE TALKING ABOUT .....
NOW SGX BUYS - SGX HAS TP PAY ....
SO HOW TO PAY EXCEPT ASK U INVESTORS TO COUGH UP NOW VIA RIGHTS ISSUE ... ETC BANK LOAN , ETC
AS SUCH, PEOPLE WHO DO NOT WANT E.G RIGHTS - WILL SELL IN MKT AND PRICE WILL DROP .....
ESPECIALLY IF CURRENT SHARE PRICE IS TOO HIGH OR PURCHASE PRICE IS HIGH ......
Hi, I am new to this forum.
I came to this forum by chance and found a lot of interesting posting here. Would love to learn from all
the sifu's here and hope to make some profit out of trading. texolowa
Please give me your valuable advise, thanks!
For SGX merger with ASX, am I right to say that after they merge, more people(Australin) can also buy SGX shares directly. Isn't it true that it's profit should go up?
Please correct me if wrong.
Thanks.
SGX STOCK PRICE CON INVESTORS ............
PUSH UP PRICE HIGH SO THAT THE RIGHTS PRICE WILL BE HIGH PRICE ALSO
ALL HOLDERS EITHER BUY RIGHTS OR SELL THEM AWAY .....
RUN FOR YOUR LIFE!!!!!!!!
ha ha ha -- very very huge dilution coming !!!!!!!!!!!!!!!
Haha....can load up more on Mon on this piece of good news.
Richman ( Date: 22-Oct-2010 22:47) Posted:
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Better run... will fall some more. From 7.2 rally to 10.26... Technical analysis MACD showed cross over... Last week The Edge newspaper give a "maintain sell" rating... Target 7.9. Far too high liao... Time for it to correct. U may see monday whether it fall again, if fall better sell....
bofbof ( Date: 22-Oct-2010 23:17) Posted:
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i still cannot understand why SGX price falls...
is it good news? why the price goes in opposite direction?
Last Update: October 22, 2010 09:23 ET
SGX (SES:S68) the Singapore exchange, is launching a takeover offer of more than A$6B (US$5.8B) for its Australian counterpart, ASX (ASX:ASX), as early as Monday in a deal that would combine 2 of Asia’s biggest exchange operators.
Shares in SGX and ASX were suspended from trading Friday afternoon, with the Australian Group adding it was in talks about a “possible business combination”.
ASX did not name the party that had “re-activated confidential discussions” but a person close to the situation said Robert Elstone, ASX Chief Executive, had held merger talks with Magnus Böcker, his SGX counterpart.
The deal is a sign that both exchanges recognize they cannot rely on their domestic markets for growth in a region where markets for stock, futures and options trading is growing faster than US and European markets for the first time.
It comes as Asia is seeing share trading fragment away from established national exchanges as nimbler competitors emerge and “high-frequency” players flock to the region in search of trading opportunities.
Such trends have already swept Western markets and have prompted both ASX and SGX to up-grade their trading systems and offer new platforms to cater to these players in recent months. This week, SGX admitted Getco, one of the world’s largest proprietary trading firms, as a member.
The 2 exchanges also share the same technology platform, provided by Nasdaq OMX, the US exchange operator.
Also Friday, SGX and Nasdaq OMX said they had expanded a co-operation agreement and would now allow companies listed on each market to cross-list on the other, as well as providing dual listing opportunities for new initial public offerings.
Mr. Böcker said: “The partnership will bring a wider selection of investment choices to our investors and offer companies access to an enlarged pool of investors. This strengthens our Asian gateway strategy.”
The SGX placed its shares in a trading halt “pending release of an announcement”. It did not make any further comment.
ASX shares rose just under 3% to A$34.96 before trading was halted.—Paul A. Ebeling, Jnr. www.livetradingnews.com
SGX launches A$6B bid for ASX
SGX (SES:S68) the Singapore exchange, is launching a takeover offer of more than A$6B (US$5.8B) for its Australian counterpart, ASX (ASX:ASX), as early as Monday in a deal that would combine 2 of Asia’s biggest exchange operators.
Shares in SGX and ASX were suspended from trading Friday afternoon, with the Australian Group adding it was in talks about a “possible business combination”.
ASX did not name the party that had “re-activated confidential discussions” but a person close to the situation said Robert Elstone, ASX Chief Executive, had held merger talks with Magnus Böcker, his SGX counterpart.
The deal is a sign that both exchanges recognize they cannot rely on their domestic markets for growth in a region where markets for stock, futures and options trading is growing faster than US and European markets for the first time.
It comes as Asia is seeing share trading fragment away from established national exchanges as nimbler competitors emerge and “high-frequency” players flock to the region in search of trading opportunities.
Such trends have already swept Western markets and have prompted both ASX and SGX to up-grade their trading systems and offer new platforms to cater to these players in recent months. This week, SGX admitted Getco, one of the world’s largest proprietary trading firms, as a member.
The 2 exchanges also share the same technology platform, provided by Nasdaq OMX, the US exchange operator.
Also Friday, SGX and Nasdaq OMX said they had expanded a co-operation agreement and would now allow companies listed on each market to cross-list on the other, as well as providing dual listing opportunities for new initial public offerings.
Mr. Böcker said: “The partnership will bring a wider selection of investment choices to our investors and offer companies access to an enlarged pool of investors. This strengthens our Asian gateway strategy.”
The SGX placed its shares in a trading halt “pending release of an announcement”. It did not make any further comment.
ASX shares rose just under 3% to A$34.96 before trading was halted.—Paul A. Ebeling, Jnr. www.livetradingnews.com
Ha ha, congrates, all sifus making profit all counters ard. Can go for 2nd or even 3rd honey moon in Dec liao. AK most can go back kampong again loh. Cheers.
Congrat !
soloman ( Date: 22-Oct-2010 21:04) Posted:
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SGX Buying ASX = SINGTEL buying OPTUS Australia.
Till now Singtel has NOT recouped its investment in OPTUS. History repeating itself again. SGX Likely to stay halted till Tuesday then dropped below $9!
JUST MADE $3,000 FROM GLP AND MIT.....................
Richman ( Date: 22-Oct-2010 20:39) Posted:
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i agree! monday sure die..for those hoping for it to go back up to $10 mark..
soloman ( Date: 22-Oct-2010 20:01) Posted:
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I am holding 10 lot at an average cost of 7.95.
Anyway, it is nice to see you back again.
soloman ( Date: 22-Oct-2010 20:01) Posted:
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