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GenSp starts to move up again

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AnthonyTan
    26-Feb-2010 09:18  
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Anyway, let's hope for a technical rebound.

My guess oni.
 
 
hotokee
    26-Feb-2010 09:17  
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This counter cannot buy already. Wait for two years before you go into this counter.  By then things can be clearer.  Exopect it to be below 50 cents!
 
 
AnthonyTan
    26-Feb-2010 09:15  
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Wah pian, all the way down down down.

Once, uncles and aunties favourite

Uncles & aunties, don't you want to support

to push it up, hahaha
 

 
leoleo
    26-Feb-2010 01:01  
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Tmr no eye to see...better don't turn on pc if u r long.For shorter go to bed early tmr is ur 'huat 'day.
 
 
hyruga
    26-Feb-2010 00:45  
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Gentings' main support is at 0.89 to 0.90. If drop below 0.89, better cut loss because with the current poor local sentiments and global sentiments, gentings can easily drop to 0.80. 
 
 
Sarahli
    25-Feb-2010 22:27  
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Don't remind me about CLOB.  What a stinking move that was!  Their come-uppence is that few Singaporeans now want to buy M'sian shares.  GS was slyly change their registration from Singapore to Malaysia just before their casino opened.  Well, all it takes is one good upswing for alot of pple to forget about their wild ways.  Universal Studios opening should give it a mild upswing.  But from what price ie, 0.8, 0.9 or 1.00?  We shall see..... 
 

 
zillion
    25-Feb-2010 22:05  
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At the Bond Market there is the always the yield factor for bond holders to buy Bond A or Bond B or Bond C. Bonds market looks at the attractive yield return.  The issuer has packaged the S$425m n S$450m 0% CBs 2012 taking into acct of the total interest costs for the 5 years and to entice the attractiveness of the issue it has to be zero coupon. Interest amounts are subjected to tax so u bet the bond holders of these 2 issues are both local and foreign names. It is such a big issue of not AAA standing so the underwriters will push out to international centres. Now with local and offshore shares lending facilities, likely shares were borrowed first sell off first before getting the new issue shares. Hence the big sell down to a comfortable level (looking at yield returns vis-a-vis other bonds yields) before slowly buying back bit by bit to return what is being borrowed. If sentiments is negative they will just sell off the newly issued shares once their accounts are credited with it. Since the co reported a heavy loss of more than $200m u bet there will be more funds raising exercises. It will be done with a view of presenting some nice sexy hopeful stories so that all will start believing in the expansion stories again, buy, keep, collect as the price recovers. Suddenly will announce some bond issues or rights issues again. This co has done 3 rights issues and I can only see2 bonds issue from the sgx site. This style reminds me of the CLOB time where the Msians are expert in funds raising. Banks and underwriters are a happy lot as they collect 2 to 5 % fee. then get the research side to write beautiful blue sky stuff for us all to read as we love such beautiful proses/lyrics/songs. Msia Boleh, CLOBbered arhhh again!

Sarahli      ( Date: 25-Feb-2010 09:55) Posted:

If I hold a 10mil bond, surely GS needs to make sure that when they ask me to convert into shares, they need to give me the dollar equivalent amt in share price ie, 10mil worth of shares, isn't it?  And to entice me to convert, they must also give me margin to do so from a very safe haven of principal guaranteed plus interest for a no. of years to a vehicle that fluctuates up and down with no guaranteed return.

Hence, my rationale that GS will likely do this when the price is higher eg, ask their bond holders to convert at 0.95 when the price is above 1.2 (in current round).  If they do a conversion exercise when the share is 0.6, imagine the no. of shares that will flood the market?!  That will sink the share price even more which in turn will surely not please themselves in the long run cos they will find it more difficult to raise funds from shareholders or from the market.  Current conversion has already turned off shareholders who had faith in this company in the long run. 

 



stevenk      ( Date: 25-Feb-2010 08:54) Posted:

hi, i do not see the rationale why the share price will go up before the bond conversion. possible to advise on the details that you based on


 
 
Sarahli
    25-Feb-2010 20:23  
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I did not say GS cannot offer at 0.60.  My point is if they do that, then the market will be over flowing with GS shares.  Would it then serve their future fund raising efforts to do things that way?  Although the prevailing market sentiment and their performance do have a weightage on how much they can push even if they want to, it won't be too surprising that when they need to raise funds, a promising future will be hyped up in order to gain investors' confidence to part with their money.  That is a necessary move or their fund raising exercise might not be as successful as they would like. When that happens, would it be too hard to imagine that their share price will move up then?   Just my thoughts. 

stevenk      ( Date: 25-Feb-2010 17:54) Posted:

Hi Sarah, why not $0.60?  Genting can always offer to bold holders to convert at 60 cents. Fyi,  the no of floating shares have increased by 81%  from FY05 to FY09.  And the equity per share for FY09 is only 35cents. Please see the balance sheet for the details.

 

Total Equity 4,134.1 2,737.7 3,399.0 1,338.1 1,296.5
Total Liabilities & Shareholders' Equity 9,057.6 4,718.8 5,298.1 3,496.2 1,383.3
Shares Outs - Common Stock Primary Issue 11,690.10 10,773.00 10,066.10 6,457.45 6,457.45
Shares Outstanding - Common Issue 2 -- -- -- -- --
Shares Outstanding - Common Issue 3 -- -- -- -- --
Shares Outstanding - Common Issue 4 -- -- -- -- --
Total Common Shares Outstanding 11,690.10 10,773.00 10,066.10 6,457.45 6,457.45
Total Preferred Shares Outstanding -- -- -- -- --



jm2212      ( Date: 25-Feb-2010 14:52) Posted:

sarah,

u hit the jackpot. i'm so silly that i sold my bonds thinking that after made a good profit as dont want to wait till apr 2012. din expect genting shares to be pushed up so fast and even brought forward the conversion date by 2 years, worst is i bought the shares instead after heard that the casino will open early. i've been holding genting shares for 10 over years, not a single cent of dividen, just need to pray hard it will start to make $ from next quarter onwards



 
 
teeth53
    25-Feb-2010 20:17  
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Tmr is Friday liao. today it finished at 0.91ct, has been saying can sell cannot buy (short term only). News of LVS opening in April 27 and in June 2010, will it help ??.

Genting SP    0.945 0.910 -0.030ct -3.2% Col:142,890,000 5,308,000 0.910 0.915 967,000 0.955 0.910



teeth53      ( Date: 24-Feb-2010 20:06) Posted:

Just thot of sharing info and my view on Gent SP. Today (Wed 24-02-2010) it closed lower.

Genting SP    0.935 0.940 -0.015 -1.6 Vol:79,102,000 8,713,000 0.935 0.940 1,007,000 0.955 0.935

Repost again. 

RE-posted: 07-Jan-2010 20:35:

Date: 29-Dec-2009 23:38 Re-Posted: (Un-finish business of collecting another billion dollar) Patience will be rewarded. (U have to decide to take profit as a matter of when)

05-Dec-2009 09:00  Genting SP   /   GenSp starts to move up again  

Many buy on hope Gent SP will be as good as getting, guaruntee a gaming licence. For some, it current trading on such hope that it can quickly rise or push it trading beyond $1.6-$2.

In near term such news has been facted in, while many branded analyst had been promoting Gent SP target price from $1.28 onward, they R awaiting to unload when TP is reachable and time may come B4 Gent SP announce, like for EG, getting a gamling licence or B4 it official opening.



pharoah88      ( Date: 24-Feb-2010 09:48) Posted:



Anymore Convertible Bond [CB] or Whatever Bond [WB] in the pipeline?

Anymore Rights Issue(s) in the pipeline?

Anymore Private Placement(s) in the pipeline?

It is UNthinkable that during all these Bond Conversion, Rights Issues, Private Placement, there was # NO iNSiDER TRADE information being ANNOUNCED #

Is it TRUE that there was NO INSIDER TRADE during these Significant SWINGS of UPs and downs? 

Did Genting Majority Shareholders made hundreds of millions during these SWINGS?


 
 
tonylim
    25-Feb-2010 20:09  
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Guessing game is no good for your pocket.  Don't live on false hope (it is a money losing company for so many years already ).  Switch to better stocks like Rotary, Midas, PEC, Ezion, Gobal Invest,


risktaker      ( Date: 25-Feb-2010 20:07) Posted:

lol I must say I guess Only :) BOSAYOR

risktaker      ( Date: 25-Feb-2010 19:55) Posted:

Incoming Rebound :P Good Luck Shorties


 

 
risktaker
    25-Feb-2010 20:07  
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lol I must say I guess Only :) BOSAYOR

risktaker      ( Date: 25-Feb-2010 19:55) Posted:

Incoming Rebound :P Good Luck Shorties

 
 
tonylim
    25-Feb-2010 20:07  
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Don't live on false hope (it is a money losing company for so many years already ).  Switch to better stocks like Rotary, Midas, PEC, Ezion

KannaSze      ( Date: 25-Feb-2010 20:02) Posted:

a little diifilut to swallow.  Smiley 15  Good Luck!

 
 
KannaSze
    25-Feb-2010 20:02  
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a little diifilut to swallow.  Smiley 15  Good Luck!
 
 
risktaker
    25-Feb-2010 19:55  
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Incoming Rebound :P Good Luck Shorties
 
 
purelotus
    25-Feb-2010 19:21  
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Then don buy Genting and LVS. 

Buy other company which not losing money one.

And the one that have better capital gain and divident compare to Genting & LVS. 

Smiley 



yummygd      ( Date: 25-Feb-2010 18:11) Posted:

for example when ying li was free falling everyone is crying die die and den now FY report comes out and everyone is singing a better tune.But of course for stocks all in all if have holding power eventually u will win unless sway sway your company wind up burst. Genting lets review...loss money for 3 4 years due to building our very own intergrated resort and licencing and staffing.Now its open,it is now taken the first big step in earning the revenue. Our Universal studio has not even started operation yet and u all crying MS MS opening!!!We all know they will open sooner or later(though i bet most of us are hoping they run out of money AGAIN) and if you are talkin about losses.LVS losing tons of money also wat. Even declared bankcrupt and almost had problem completing the singapore casino.thats why they pushed it backwards till April. If we are talking about management i rather trust Genting then our American counterparts. Genting is run by a group of very smart (though i think slightly self interested people) they might have converted the bonds for a reason(scared have to pay more in future.) F us up but goes to see that they are expecting good results from GS and hence higher share price. All said and done i dun trust LVS . I just don't. My personal view. thats why i am still holding.

 

 
yummygd
    25-Feb-2010 18:11  
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for example when ying li was free falling everyone is crying die die and den now FY report comes out and everyone is singing a better tune.But of course for stocks all in all if have holding power eventually u will win unless sway sway your company wind up burst. Genting lets review...loss money for 3 4 years due to building our very own intergrated resort and licencing and staffing.Now its open,it is now taken the first big step in earning the revenue. Our Universal studio has not even started operation yet and u all crying MS MS opening!!!We all know they will open sooner or later(though i bet most of us are hoping they run out of money AGAIN) and if you are talkin about losses.LVS losing tons of money also wat. Even declared bankcrupt and almost had problem completing the singapore casino.thats why they pushed it backwards till April. If we are talking about management i rather trust Genting then our American counterparts. Genting is run by a group of very smart (though i think slightly self interested people) they might have converted the bonds for a reason(scared have to pay more in future.) F us up but goes to see that they are expecting good results from GS and hence higher share price. All said and done i dun trust LVS . I just don't. My personal view. thats why i am still holding.
 
 
Hulumas
    25-Feb-2010 18:00  
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Don't be surprised even Sgd. 0.41 could not be ruled out! I call it long term downward trend, just like SGX from the price of >Sgd. 11.00 to perhaps will go into same parity to Singtel!!!

stevenk      ( Date: 25-Feb-2010 17:54) Posted:

Hi Sarah, why not $0.60?  Genting can always offer to bold holders to convert at 60 cents. Fyi,  the no of floating shares have increased by 81%  from FY05 to FY09.  And the equity per share for FY09 is only 35cents. Please see the balance sheet for the details.

 

Total Equity 4,134.1 2,737.7 3,399.0 1,338.1 1,296.5
Total Liabilities & Shareholders' Equity 9,057.6 4,718.8 5,298.1 3,496.2 1,383.3
Shares Outs - Common Stock Primary Issue 11,690.10 10,773.00 10,066.10 6,457.45 6,457.45
Shares Outstanding - Common Issue 2 -- -- -- -- --
Shares Outstanding - Common Issue 3 -- -- -- -- --
Shares Outstanding - Common Issue 4 -- -- -- -- --
Total Common Shares Outstanding 11,690.10 10,773.00 10,066.10 6,457.45 6,457.45
Total Preferred Shares Outstanding -- -- -- -- --



jm2212      ( Date: 25-Feb-2010 14:52) Posted:

sarah,

u hit the jackpot. i'm so silly that i sold my bonds thinking that after made a good profit as dont want to wait till apr 2012. din expect genting shares to be pushed up so fast and even brought forward the conversion date by 2 years, worst is i bought the shares instead after heard that the casino will open early. i've been holding genting shares for 10 over years, not a single cent of dividen, just need to pray hard it will start to make $ from next quarter onwards



 
 
yummygd
    25-Feb-2010 17:58  
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wahahaha so funny i was shocked also but darn funnny ok ok no worries no worries someone keep long long and it went up and down and up and down all the time . such a counter so speculated up down super fast.

OO123123      ( Date: 25-Feb-2010 17:47) Posted:

i tot it was bad word when reading for the 1st time..haha...

thanks for clarification...



Mr.Bankrupt      ( Date: 25-Feb-2010 17:19) Posted:

Clarification:

Ji Bai Really Smiley Smiley Smiley Liao. ---> (This time really dead in "hokkien" not vulgairty Smiley)

 

Sorry if anyone read the message in another offensive way. Smiley

 



 
 
stevenk
    25-Feb-2010 17:54  
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Hi Sarah, why not $0.60?  Genting can always offer to bold holders to convert at 60 cents. Fyi,  the no of floating shares have increased by 81%  from FY05 to FY09.  And the equity per share for FY09 is only 35cents. Please see the balance sheet for the details.

 

Total Equity 4,134.1 2,737.7 3,399.0 1,338.1 1,296.5
Total Liabilities & Shareholders' Equity 9,057.6 4,718.8 5,298.1 3,496.2 1,383.3
Shares Outs - Common Stock Primary Issue 11,690.10 10,773.00 10,066.10 6,457.45 6,457.45
Shares Outstanding - Common Issue 2 -- -- -- -- --
Shares Outstanding - Common Issue 3 -- -- -- -- --
Shares Outstanding - Common Issue 4 -- -- -- -- --
Total Common Shares Outstanding 11,690.10 10,773.00 10,066.10 6,457.45 6,457.45
Total Preferred Shares Outstanding -- -- -- -- --



jm2212      ( Date: 25-Feb-2010 14:52) Posted:

sarah,

u hit the jackpot. i'm so silly that i sold my bonds thinking that after made a good profit as dont want to wait till apr 2012. din expect genting shares to be pushed up so fast and even brought forward the conversion date by 2 years, worst is i bought the shares instead after heard that the casino will open early. i've been holding genting shares for 10 over years, not a single cent of dividen, just need to pray hard it will start to make $ from next quarter onwards



zillion      ( Date: 25-Feb-2010 13:57) Posted:

The Bond market is a lot bigger market than the Share market. Most bond holders/players are big names not retail investors.  Funds raising via the bond market will not dilute the shares instantly but will slowly kill the share market side. They reported that the 0% S$425m Convettible Bond 2012 was already fully converted by 31 Dec 2009. The next report was a balance of 0%S$425m CB 2012 yet to convert at 0.95. That balance of 321.1 means all the bond holders MUST get new shares of 338m. Like share market players we love to hold shares. So bond holders will hold bonds not new shares. Now there is an beavy overhanging of shares....and the one that is carrying the baby is the retail long term investors. Buy on rumours sell on fact......in other words buy the official opening, sell on opening of the Sentosa Casino. Big funds already ran road. But this is not the end of the game as the co reported losses last round....means more fund raising in the future. FYI since Luxembourg listing to the otc here Genting reports more losses habitually. This gives me the feeling that out of Msia to suck more $$$$$$!!!


 
 
OO123123
    25-Feb-2010 17:47  
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i tot it was bad word when reading for the 1st time..haha...

thanks for clarification...



Mr.Bankrupt      ( Date: 25-Feb-2010 17:19) Posted:

Clarification:

Ji Bai Really Smiley Smiley Smiley Liao. ---> (This time really dead in "hokkien" not vulgairty Smiley)

 

Sorry if anyone read the message in another offensive way. Smiley

 



Mr.Bankrupt      ( Date: 25-Feb-2010 17:16) Posted:

Huat ar! Huat! Genting Going Down More and More, All Huat ar~!

Ji Bai Really Smiley Smiley Smiley Liao.

* Pushing GS Counter Into Cold Chamber Temporary Freeze Up First * Smiley Smiley Smiley

 



 
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