CapitaLand   

CapitaLand: Too early to bottom fish

gee....this is GOOD new for me!! this burger is definitely worth a SHORT !! :D ...$2.20 rite? haha....ok at least we hv a target in mind... :D

 

rumours rumours

but seems like this one may come true

 

Oh.. so means that until mid feb, capital's share price might be driven down even more...

ticklish8      ( Date: 23-Jan-2009 11:18) Posted: SINGAPORE (Dow Jones)--CapitaLand Ltd. (C31.SG) is considering a rights issue to raise about S$1.5 billion by offering one new rights share for every four existing shares at S$2.20 each, people familiar with the situation said Friday. "The consideration is for the capital increase to take place around mid-February, but there is no firm decision," one person said. Shares of the developer traded down 2.4% at S$2.44 each at 0235 GMT. A spokesman couldn't be immediately reached for comment. Last month, it said it wouldn't comment on market rumor or speculation, after Dow Jones Newswires reported the company was mulling the rights issue. CapitaLand had about 2.8 billion shares outstanding and S$4.2 billion in cash and cash equivalents at Sept. 30. Analysts say CapitaLand isn't in need of capital, but raising more money would allow it to buy distressed assets in attractive markets and put the company in a better position to face challenges in the current property market. The sector in Singapore and the region has cooled considerably since last year. Chief Executive Liew Mun Leong has said the company could consider acquiring some distressed real estate companies in Asia, including China and Australia. If the issue takes place, it would be the second major Singapore company to raise money through a rights issue in recent months. In late December, DBS Group Holdings Ltd. (D05.SG) said it planned to raise about S$4 billion to bulk up its capital base.

 

SINGAPORE (Dow Jones)--CapitaLand Ltd. (C31.SG) is considering a rights issue to raise about S$1.5 billion by offering one new rights share for every four existing shares at S$2.20 each, people familiar with the situation said Friday. "The consideration is for the capital increase to take place around mid-February, but there is no firm decision," one person said. Shares of the developer traded down 2.4% at S$2.44 each at 0235 GMT. A spokesman couldn't be immediately reached for comment. Last month, it said it wouldn't comment on market rumor or speculation, after Dow Jones Newswires reported the company was mulling the rights issue. CapitaLand had about 2.8 billion shares outstanding and S$4.2 billion in cash and cash equivalents at Sept. 30. Analysts say CapitaLand isn't in need of capital, but raising more money would allow it to buy distressed assets in attractive markets and put the company in a better position to face challenges in the current property market. The sector in Singapore and the region has cooled considerably since last year. Chief Executive Liew Mun Leong has said the company could consider acquiring some distressed real estate companies in Asia, including China and Australia. If the issue takes place, it would be the second major Singapore company to raise money through a rights issue in recent months. In late December, DBS Group Holdings Ltd. (D05.SG) said it planned to raise about S$4 billion to bulk up its capital base.

 

might as well Q at 2.29 ?!?! :P hee...

freeme      ( Date: 23-Jan-2009 11:12) Posted: im q-ing @2.32 duno can hit anot..

 

1mil lots blocking 2.4

interesting

 

Probably still sleeping. I'll Q 228.

L.....      ( Date: 23-Jan-2009 11:02) Posted: need elfin to verify capland has always been a trader counter.. not for faint hearted

 

im q-ing @2.32 duno can hit anot..

 

need elfin to verify

capland has always been a trader counter.. not for faint hearted

 

KAOZ!!! Wat ever happened yesterday afternoon is HAPPENING again :S

 

good things worth waiting huh? haha

will go in after it release its poor 2H results

 

Haha! 52 wks low at 2.28, its fast approaching judging from the downward speed recently. Will wait patiently to accumulate.

 

think it will test new lows...lowest price past mths at 2.38. Tradin vol is low, and with CNY next week, investors buyin may not push up the price..Q under 2.40s mebbe

 

oh oh 2.42..........

 

resistance somewhere around there ma??

 

hi doug31,

maybe monitor awhile more today. I just went in at 2.46....

 

i went in yesterday... average down to 2.69. :(

 

falls to range 242~250 already. maybe can go in today

 

Is it. going to go down further???

 

Hittin mid 240s...is it going to break its support?

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