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Got a funny feeling someone monitering this trading alway like to sell one lot, one lot at a time only at $1.51c and i think this guy is doing action is not funny at all, co's this guy got pay for doing so for his boss.
| 08:59:02 | 1.530 | 194,000 | X |
10:38:01 hrs, married deal at $1.538 cts, vol 327 lots another 2 cents worth.
Hi Invester, thk
Another well thought of possible plan by CitySpring, the right of first refusal for its portfolio of projects in China, under its sinospring subsidiary. Thus does it mean CTS Infarstructure Trust at a approximate time spring a surprise by adding a good profitable stable into CTS, unless CTS think it does make sense sinospring can make $$$ which no one should doubt about it, in China drinking clean water business is equally very important to them.
In City Spring's prospectus, it is already indicated that Hyflux has offered City Spring the right of first refusal for its portfolio of projects in China, under its sinospring subsidiary.
If you look at hyflux's website, under China, you can see that they have approx 260m worth of municipal projects under BOT with concession of 20-30 yrs, which might possibly be injected into City Spring, when they are completed and under the right conditions (ie right yield)
Thanks for all the information so far that I have confidence in keeping this counter since IPO :)
Thanks guys!
Hi dongdong,
thank you for adding value to this forum well thought of power plant, money goes to our pocket instead of foreigners and to Temasak. THK
What are the possible acquisition of the CitySpring?
My guess, some of the power generation plants (if not all) in Singapore to start with.
Temasek had tried to sell its power generation plants few years back, and Morgan Stanley (the underwriter of CitySpring IPO) is the financial advisor.
The divestment of the power plants failed because of the downfall of Enron, and the market sentiments were bad after that incident. With the launch of the CitySpring Trust, Temasek has a vehicle to divest away the power plants, this time to Singaporeans, instead of foreign utilities companies.
Well, that is my guess. If power plants become assets in the CitySpring Trust, it is going to be very interesting, power plants are profitable, as the electricity tariff are regulated to ensure reasonable return to the share holder of the power companies, which is Temasek.
HI Investor,
Well done member. A big THK Qs Yahh... to U for the effort to explained those two functional informationin in this forum on call warrant Strike and Spot price. Anyway banker always win, so px can be expecting to move to $1.60 ++ to about $2/- unless some other banker make another call warrant, this time maybe abit pricier better then MacQ...calling....Temasek got alot of bankers fren supporters around and all BBs (Slowly and Surely). Just my tot. thk again
First I am not a warrant player as I believe in getting the mother share due to no time decay at all. My past observation is such that towds the listing of the ecw(european call warrants) there is a tendancy for mother to move upwds. There was some buy up till 1.62 as the warrant writer has to play safe by buying some mother before announcing the ecw. I notice that the premium gets narrower towds the listing day. Also for good counters the out-the-money get nearer to be in-the-money. I believe cityspring will hv many ecws so the mother will be play again and again. At 1.52 the premium is 59.4% , 50% looks reasonable on that ground I believe it will rise till there. Of course I hope it will happen from till Friday to benefit all you guys. On wave count, it looks like the end of wave2 and wave3 starts looks anytime. Wave1 from 1.35 to 1.62 wave2 1.62 to 1.46 wave 3 started from 1.46 to temporary rest now 1.52. Please never touch ecw as it is to catch greedy people hor.
In fact, the issuer of the warrant (in this case macquarie, or its customers), is taking bearish view of the shares, because if the shares does not go above 2.00. they will have pocket the proceeds from the sale of the warrant.
However, sometimes, the issuer will take some other positions somewhere else, such that which ever way, the share price moves, they would have make on the comm, etc.
To value City Spring, one has to ascertain exactly, how much assets will be acquired, such that its dividend (currently 6 cents) goes up to justify current price of 1.52, or what ever share price, that the mkt seems to suggest.
As an example, Capital Retail China at current price of approx 3.02, has a div yield of 2 %. If we assume that the mkt is comfortable with a yield of 5 %, (approx 2 % above 10 govt bond of 3 %), then capital retail china needs to give a div of 15 cents !
Similarly, applying a bench mark of 5 %, City spring needs to give a div of 7.6 cents to justfify share price of 1.52, and a div of 10 cents to justify a share price of 2.00.
So, the Million $ question is what kind of assets will be injected, and the time frame, in order to reach required yield !
Normally, a call warrant is issued on a stock, using the spot price as a bench mark, to determine the price of the call warrant. I suppose, when Macquarie issued the warrant, it was on that day, when City Spring hit an intra day high of 1.62. Other than that, I dont think it has much significance.
The strike price is more important, as it is the price, that the warrant will be converted to city spring shares on the expiry date of the warrant. So, in other words, when it comes to expiry date, City Spring has to be higher than 2.00 in order for the call warrant to have value.
Normally, in the process of issuing the call warrant, the issuer might buy some city spring shares on the open mkt, as a hedge. Issuing a call warrant does not imply that City Spring shares will go up, it also does not impy that the shares will go down.
Just wordering MacQ..Infarstru... call warrant is how effective with ref strike price at $2.00 and spot price at $1.60c, the word stike and spot price how isit related to Ctiyspring Infarstructure Trust, hope some expert "SIFU" can share their tot for the beneficies on this forum here. thk Qs.
Hi compass,
Call warrant 2.00, isit $2/- with ref spot pr 1.60, (pr??what is this isit spot price $1.60). Since CTS Trust closed at $1.52c, does that mean on 21-2-07 (Wed) trading start, will it hit beyond $1.60c in it spot price!!. But MacQ... infarstr....px often itself don move up that fast. Hope some other BBs like JP Morgan, Goldman Sachs, Merill Lynch or even Credit Suisse will be good. Can care to elaborate.
A covered call warrant by MacQ at strike price of 2.00 with reference spot pr 1.60, will this help in analysing the sudden run up from 1.50ish to 1.62 then drop like a bomb? No stable ard 1.50 level and when the listing of warrants on next Monday possible play again. So 1.61-better pick up and see how its goes.
I m imagining CRCT as well, from it ipo px of $1.13c (when very one said is expensive, it true value mentioned B4 is well below $2/-, but now HOW??, wait below $2/- then buy!!!, as it is, is now trading at $3/- liao), what is it true value, can anyone care to comment also on CTS Trust on it true value at $1.20c. I boy some CTS Trust share and average off at $1.403 cents, so how now??, isit a trap here ot might be. just sharing my tot.
Other assets may include Seleter Airport, ERP, LTA, Circus line, LRT, PSA, Terminal3, over JV and acquisation Infarstr...Desalination plants now built by Hyflux in Middle East, China, India and in NZ. did i miss out ant things?. hope d rest can add some items or value add.
CTS will be a true blue chip sooner then later and prices will definately cross $1.50 cents even if DOW mkt don seem so good.
Expecting CTS price to test new high soon...just sharing my tot :)
IPOSuperBullRun..JJJJJJJJ k m8
ST paper, Budget 2007 (under Budget in brief)
New Gas Terminal ready by 2012. A billion dollar liquified natural gas terminal will be ready to supply a third of the country's gas and enchance S'Pore's bid to expand on its role as an oil-refining and trading centre into that of a energy hub.
Will such project be consider adding into CTS TRUST by Temasek?, so far 25%Gas and 75%Water project.
just a word of caution might be a trap. Waiting to collect at 1.4 since true value is only 1.2
FYI: CtiySpring 17:05:05 closed on x-married deal with 847 lots changed hand at $1.52cts, some good news coming, isit??.
hi afraa1, this CitySpring stk is with gd fundamentals, as long as u r not on contra play or shorting, shld be gd to hold for mid to long term... just be cautious not to put 100% of your $$$ in a stock at 1 shot... for instance if u intend to load up 10 lots, may b can consider to vest in 5 lots 1st, then monitor this stk px for a while before deciding to load up another 5 lots....