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it depends on the genting direction.
1.10 is the support where BB by all means will not let it fall through. BB are getting Fresh funds next week. More Action coming.
abcdefg ( Date: 11-Sep-2009 17:06) Posted:
this is not the maximum earn, you hav to think a better formula for yourself...thanks.
Peg_li ( Date: 11-Sep-2009 16:57) Posted:
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so clever are you!
need learn more from you! |
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Hi ,thanks everone for your replies.Was looking into this option since yesterday.But the price seems to go lower as days gone-by.Hopefully Mon will see some upward movements
Cheers.
abcdefg ( Date: 11-Sep-2009 17:06) Posted:
this is not the maximum earn, you hav to think a better formula for yourself...thanks.
Peg_li ( Date: 11-Sep-2009 16:57) Posted:
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so clever are you!
need learn more from you! |
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this is not the maximum earn, you hav to think a better formula for yourself...thanks.
Peg_li ( Date: 11-Sep-2009 16:57) Posted:
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so clever are you!
need learn more from you!
abcdefg ( Date: 11-Sep-2009 16:36) Posted:
when gensp = 1.13
sell 15 lots = , 16950
buy 13 rights, 80-15 = 65 lots, 65 lots = 13 rights, 13 lots = 13 x 0.80 =10400 16950 - 10400 = 6550 profit and hold 65+13 = 78 lots.
when gensp 1.10
buy 2 lot = 2200, from profit 6550 -2200 = 4300. result : 4300 earn and hold 80 lots.
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so clever are you!
need learn more from you!
abcdefg ( Date: 11-Sep-2009 16:36) Posted:
when gensp = 1.13
sell 15 lots = , 16950
buy 13 rights, 80-15 = 65 lots, 65 lots = 13 rights, 13 lots = 13 x 0.80 =10400 16950 - 10400 = 6550 profit and hold 65+13 = 78 lots.
when gensp 1.10
buy 2 lot = 2200, from profit 6550 -2200 = 4300. result : 4300 earn and hold 80 lots.
Peg_li ( Date: 11-Sep-2009 16:24) Posted:
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Sell half, make some profit.
leave half for long term! |
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Hi Anthony, pity the current old remisier, will just stick to the same. Trade online no need to call, nowadays any questions, just email customer support (cdp, brokerage, etc), they will reply within 24hrs. Am still small, trading value less thn $300K, no remisier will be interested.
when gensp = 1.13
sell 15 lots = , 16950
buy 13 rights, 80-15 = 65 lots, 65 lots = 13 rights, 13 lots = 13 x 0.80 =10400
16950 - 10400 = 6550 profit and hold 65+13 = 78 lots.
when gensp 1.10
buy 2 lot = 2200,
from profit 6550 -2200 = 4300.
result : 4300 earn and hold 80 lots.
Peg_li ( Date: 11-Sep-2009 16:24) Posted:
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Sell half, make some profit.
leave half for long term!
gabjen ( Date: 11-Sep-2009 16:12) Posted:
Hi,if I'm holding 80 lots at $0.645,what should be the most sensible thing to do now?
Any reply would be appreciated.
Thanks in advance. |
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Hi jonathant, you r giving the remiser the business.
If he or she cannot advise you, it time to change remiser.
Alot of remisers are waiting for your business.
Keep your holding and subscribe to the rights shares@80c to take advantage of the discount.
gabjen ( Date: 11-Sep-2009 16:12) Posted:
Hi,if I'm holding 80 lots at $0.645,what should be the most sensible thing to do now?
Any reply would be appreciated.
Thanks in advance. |
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sell half,make some profit.
should keep half, sorry!
Peg_li ( Date: 11-Sep-2009 16:24) Posted:
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Sell half, make some profit.
leave half for long term!
gabjen ( Date: 11-Sep-2009 16:12) Posted:
Hi,if I'm holding 80 lots at $0.645,what should be the most sensible thing to do now?
Any reply would be appreciated.
Thanks in advance. |
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Sell half, make some profit.
leave half for long term!
gabjen ( Date: 11-Sep-2009 16:12) Posted:
Hi,if I'm holding 80 lots at $0.645,what should be the most sensible thing to do now?
Any reply would be appreciated.
Thanks in advance. |
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Hi,if I'm holding 80 lots at $0.645,what should be the most sensible thing to do now?
Any reply would be appreciated.
Thanks in advance.
yes, the brokerage people seemed to have no time for the average joe/jane....be patient, u will be big one day.......
internet/forum provides us the platform to obtain & share info. imagine our parents/grandparents time who use phone to trade, and sit in front of the big screens....
Jonathant,
Yeah, i dont dare to bother broker becos :
1) they might laugh at our silly questions;
2) i always think i am small fry and they probably wont bother
so, we can only find our own way to solve our problems.
I find SGX quite polite when i ask some 'silly' questions, though, they sometimes engage but, they do call back after office hour.
jonathant ( Date: 11-Sep-2009 15:43) Posted:
| hi niuyear...tq. I was once a newbie too 2 & half years ago, clueless, ask remisier they don't tell you much....i learn some & i share some |
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It's rather amazing to watch this counter.
Ppl push up prices to sell very very big quantities of shares.
Ppl push up prices and make cash call.
I am fascinated and stay on sideline to watch.
Not vested.Have patience.
hi niuyear...tq. I was once a newbie too 2 & half years ago, clueless, ask remisier they don't tell you much....i learn some & i share some
Its kind of you to bother to inform newbies about right issue etc. Appreciate that. :)
jonathant ( Date: 11-Sep-2009 14:14) Posted:
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...for the newbies, ...my 2cents worth….At this stage, some are worried why price moves against expectation, especially after the good vibes then the rights announcement, then the mixed/-ve news & whatnot…
Closing price on 9Sep $1.19, rights offer price $0.80, 1rights for 5.
Theoritical XR Price, Formula 5 x 1.19 + 0.80 divide by 6 (1+5) --> 1.125, round up 1.13
Expected to see price hovering around this as most people use this as a guide to trade
Genting expected to trade X Rights on 18Sep09, Friday, 9am
The XRights price may change according to close price on 17Sep
Assumming close price is 1.13, --> XR price on 18Sep will be 1.075, round up 1.08
Assumming close price is 1.21 (latest high), --> XR price on 18Sep will be 1.14
Example, Your current holding: 10000 unit
Your entitlement, Rights Shares (10000/5) : 2000 unit
If you don't subscribe (some think too troublesome) but still wanna hold current shares for long term
Sell your rights shares between 28Sep-6Oct, assuming it open at 0.1, your immediate realised cap gain/profit, 0.1 x 200 rights shares $200
Moving forward, factors that will affect the price movement include but not limited to:
(a) Rights shares expected issue dt 20Oct, tradeable 21Oct, meaning there'll be more shares in the mkt by 21Oct, estimate additional 1930million shares (if the rights shares are fully subscribed), these add shares cost price is $0.80, expect profit taking
(b) Bonds converted & ESOS exercised, & their rights shares subscribed, expect profit taking
And, any plus side will be based on:
Any further news announcement such as gaming licence, acquisition.
Local, regional & global market sentiment
If you are long term investor, just ignore everything, set your own TP, simply. |
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they will hv enough muscle to support the price, otherwise it defeat the whole purpose of having the rights shares exercise.
Caveat emptor
Must come in and support liao
Pls do ur home work 1st.
assumming yesterday average is $1.13,while today err...average $1.075
Genting expected to trade X Rights on 18Sep09, Friday, 9am
The X-Rights price may change according to last of, close price on 17Sep
Assumming close price is 1.13, --> ex-right price on 18Sep will be 1.075ct
