Genting Sing    Last:0.73    -0.005

GenSp starts to move up again

My father told me hes waiting TMS to buy a stake in Genting.

 

its a win win situation :P if u really thought it out.

Raptor22      ( Date: 26-Jan-2010 01:05) Posted: So it's approx 30% gain for these bond holders.  risktaker      ( Date: 25-Jan-2010 23:41) Posted: Genting price is stable & strongly supported @ 1.20 The 450 million Mandatory Convertible Bonds allow the bond holders to convert @ 0.95 cents per share. Simply put it this way, this gives the value of 321 million which give a gain of 129 million to Genting.This is a positive news :)

 

wat is the diff between the bond converted share price n the current share price? Does it mean that 0.95 is how much the share is worth aft conversion of bonds? Or is it the actual worth of the share now?

 

So it's approx 30% gain for these bond holders. 

risktaker      ( Date: 25-Jan-2010 23:41) Posted: Genting price is stable & strongly supported @ 1.20 The 450 million Mandatory Convertible Bonds allow the bond holders to convert @ 0.95 cents per share. Simply put it this way, this gives the value of 321 million which give a gain of 129 million to Genting.This is a positive news :)

 

so far for the past couple of weeks it was like dat

matrixneo      ( Date: 25-Jan-2010 21:22) Posted: what r the past trends of the futures against DOW?  Futures up Dow up, Futures down Dow down? street81      ( Date: 25-Jan-2010 18:43) Posted: the market performed badly last week. today fall also because the DOW fell by 200+ last Friday. tonight DOW should rise after going down for so many days......moreover DOW Fut is positive at 87. So Genting may move higher tmr and may also test 1.25-1.30.... just my thoughts.....

 

this is so dangerous...wat if the price dun go up?? I am wishing for the price to rise a bit before i sell.

street81      ( Date: 26-Jan-2010 00:18) Posted: Wat summerleaf      ( Date: 26-Jan-2010 00:07) Posted: Ipunter mean he shorted sell at 1.28, so if genting increase, he will cut loss at price of 1.32 by buying back genting

 

Wat

summerleaf      ( Date: 26-Jan-2010 00:07) Posted: Ipunter mean he shorted sell at 1.28, so if genting increase, he will cut loss at price of 1.32 by buying back genting. street81      ( Date: 25-Jan-2010 23:37) Posted: you are waiting for it to rise to 1.32 then sell or you have already sold at that price?

 

Ipunter mean he shorted sell at 1.28, so if genting increase, he will cut loss at price of 1.32 by buying back genting.

street81      ( Date: 25-Jan-2010 23:37) Posted: you are waiting for it to rise to 1.32 then sell or you have already sold at that price? iPunter      ( Date: 25-Jan-2010 23:18) Posted: Since buy or sell is equally risky, my cut-loss point is 1.32..

 

Genting price is stable & strongly supported @ 1.20

The 450 million Mandatory Convertible Bonds allow the bond holders to convert @ 0.95 cents per share. Simply put it this way, this gives the value of 321 million which give a gain of 129 million to Genting.This is a positive news :)

 

you are waiting for it to rise to 1.32 then sell or you have already sold at that price?

iPunter      ( Date: 25-Jan-2010 23:18) Posted: Since buy or sell is equally risky, my cut-loss point is 1.32..

 

The key issue is the price tomrrow. Will it lao sai straight away to $1? or just before the bond holders decision?

These bond holders, wat's their initial price?

risktaker      ( Date: 25-Jan-2010 23:18) Posted: naaa. If i am the bond holders i will push the Genting price up :) They have till feb to decide :P smartrader      ( Date: 25-Jan-2010 22:07) Posted: will go down to $1...with the latest round of mandatory bond conversion

 

This is the 3rd sabo by genting.

 

wa lau men! one more like this, just kana placement by Federal, sabo by chinamilk and now Genting!!! OMG! all my 3 counter trap liao... sheet!

:(

 

naaa. If i am the bond holders i will push the Genting price up :)

They have till feb to decide :P

smartrader      ( Date: 25-Jan-2010 22:07) Posted: will go down to $1...with the latest round of mandatory bond conversion

 

Since buy or sell is equally risky, my cut-loss point is 1.32.. 

 

Shorted @1.28... very heng...

hehehe... 

 

What is this impact for the share price tomorrow?

MANDATORY CONVERSION OF THE S$450,000,000 CONVERTIBLE BONDS DUE 2012 The Board of Directors of Genting Singapore PLC (“Company”) wishes to announce that the Company has today issued a mandatory conversion notice to the holders of the S$450,000,000 Convertible Bonds due 2012 (“Bonds”) for the mandatory conversion of the outstanding Bonds into fully paid-up ordinary shares of the Company (“Shares”) at the conversion price of S$0.95 (“Mandatory Conversion Notice”) in accordance with the terms and conditions of the Bonds. As at the close of business at 5 p.m. (Singapore time) on 25 January 2010, the outstanding Bonds amounted to S$321,100,000. A copy of the Mandatory Conversion Notice dated 25 January 2010 given to the Conversion Agent of the Bonds for dissemination to the holders of the Bonds is attached.

 

will go down to $1...with the latest round of mandatory bond conversion

 

what r the past trends of the futures against DOW?  Futures up Dow up, Futures down Dow down?

street81      ( Date: 25-Jan-2010 18:43) Posted: the market performed badly last week. today fall also because the DOW fell by 200+ last Friday. tonight DOW should rise after going down for so many days......moreover DOW Fut is positive at 87. So Genting may move higher tmr and may also test 1.25-1.30.... just my thoughts.....

 

the market performed badly last week. today fall also because the DOW fell by 200+ last Friday. tonight DOW should rise after going down for so many days......moreover DOW Fut is positive at 87. So Genting may move higher tmr and may also test 1.25-1.30....


just my thoughts.....