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URA has released the Real Estate statistics...oops..i think more selling for properties counter after lunch :D
http://www.ura.gov.sg/pr/text/2009/pr09-17.html
Hmm Gent Int got AGM ds morning, didn't go, got something on. Hope dun follow Kpld loh, big wok ah.
Resolution 7: propose share issue mandate.
Resolution 8: propose issuance of shares at a discount of up to 20%.
Ha ha, Special Resolution propose change coy name to Genting Spore PLC, IR going to start biz ah.
$0.005
maxcty ( Date: 24-Apr-2009 10:00) Posted:
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cock loh...first give dividend...then issue rights...what is this?
err....typical wan lah...give u $1 take back $10..and u still suck up to it as u got $1 in your hand mah :D hmm...seems quite familiar loh...hmm...thot i just got my GST credit sometimes back? :P
des_khor ( Date: 24-Apr-2009 10:31) Posted:
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funny lo... if need money don't give dividend lo...
anyone know of this piece?
Keppel Land Ltd: Announced 9-for-10 Rights issue
Summary: Keppel Land (KepLand) has announced that it will be raising gross proceeds of ~S$712.3m through a renounceable 9-for-10 Rights issue. Up to 653.5m new KepLand shares will be issued at a subscription price of S$1.09 per Rights shares. The subscription price of S$1.09 is at a discount of 42% to KepLand’s closing price of S$1.88 on 23 April and 27.6% to the theoretical ex-rights price of S$1.50. As a demonstration of support, Keppel Corporation, which holds ~52.64% of KepLand, has undertaken to subscribe for its entitlement in full. The balance Rights shares will be fully underwritten by Merrill Lynch, of which 90% is being sub-underwritten by Keppel Corporation. Upon the completion of the Rights issue, KepLand’s net debt/equity ratio will decline from 0.52x to 0.22x and NTA per share will decrease from S$3.50 per share to S$2.35 per share. We are now putting our fair value of S$1.76 and HOLD recommendation for KepLand under review. (Foo Sze Ming)
wow..this counter bleeding now...keep going down...anyone SHORTED?
(10 x 1.88 + 9 x 1.09)/19 = $1.5057
yongk666 ( Date: 24-Apr-2009 10:18) Posted:
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so , wat is the theortically fair price after shares issued?
how much lower that this counter will go till? 1.5??
sian liao...this counter...no hope of hitting $2 liao....bought at 1.78, sold at 1.81 just now...so disappointed with this counter...
relax lah shoot back to 1.82 now wat?!?! u shld worry abt Kepcorp as 9% profit with uncertain outlook and stock still in RED now :D
SHIT!!!!with this rights issue price will tumble down...
The Company wishes to announce that it proposes
to undertake a renounceable rights issue (the “Rights Issue”) to raise
gross proceeds of approximately S$712.3 million.
Pursuant to the Rights Issue, up to 653,462,397 new ordinary shares in the capital of the Company (“Rights Shares”) at the issue price of S$1.09 (the “Issue Price”) per Rights Share, will be offered at the ratio of nine (9) Rights Shares for every ten (10) existing ordinary shares in the capital of the Company (the “Shares”) held by Shareholders (as defined below) as at a books closure date to be determined and announced by the Board
of Directors (the “Board”) for the purpose of determining Shareholders’ entitlements to the Rights Shares (the “Books Closure Date”).
Merrill Lynch (Singapore) Pte Ltd (the “Lead Manager”) is acting as the sole lead manager, underwriter and financial advisor to the Company.
Pursuant to the Rights Issue, up to 653,462,397 new ordinary shares in the capital of the Company (“Rights Shares”) at the issue price of S$1.09 (the “Issue Price”) per Rights Share, will be offered at the ratio of nine (9) Rights Shares for every ten (10) existing ordinary shares in the capital of the Company (the “Shares”) held by Shareholders (as defined below) as at a books closure date to be determined and announced by the Board
of Directors (the “Board”) for the purpose of determining Shareholders’ entitlements to the Rights Shares (the “Books Closure Date”).
Merrill Lynch (Singapore) Pte Ltd (the “Lead Manager”) is acting as the sole lead manager, underwriter and financial advisor to the Company.
Just contra at $1.79 x 20... Will be back tomorrow... Good luck to all vested...
Tks for your reply. It is going up. :)
ozone2002 ( Date: 17-Apr-2009 14:35) Posted:
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TP $5 - $6 on recvery.
niuyear ( Date: 17-Apr-2009 14:35) Posted:
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Moving up hope to reach $2 soon
depends if u are the kind kan cheong when price fall (short term speculative)...
or relax jack those kind (long term view like the sage of Ohama..)