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Genting Sing Last:0.765

+0.02

GenSp starts to move up again


	To risk investor, speculator and die hard support.......oni word Cheongg Ahhhh. Tomorro will be better ahhh, going on average strike px of $1.13ct. Now going B4 too late, Cheongg Ahhh.

...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.

Soon will Eat up :) Relax ah

HUAT AH 8888

TP: $1.6 - $2.0 - 6 Months from now

Some cannibalization is expected with more punters doing it at their own backyard. If u look at the STPB data on tourism, the bulk of visitors are Indons. Singapore is already a playground for the rich and having a casino makes it complete. For the man in the streets there's always horseracing.

AnthonyTan ( Date: 11-Sep-2009 11:11) Posted:

Where are the rich ppl coming from to gamble in Spore.They have many choices.

Why should they come to Spore.What are the advantages to entice them to come.

Anyway, the casino has not open yet, but many are gambling in this counter.

hahaha, cheers and good luck

hi kogepan, referring to yr statement :

The truth is that we (Singapore) have never failed to pull a crowd, a good example is winning rights for the F1 and aerospace fairs and exhibitions. I think this is definitely one good one to have in your portfolio.

F1 and all the fairs are just for few days. we are talking 350 days a year, can it subtain. look at F1, the nostalgic has gone down, the tickets can be easily obtained now, i have received a few sms from banks and car dealers offering to get for me as the sale of tickets is slow.

I think you meant 12 lots with an average of $1.075. Smiley

I find the equation for vice very simple, vice never fails to attract. Singapore has allot to offer in terms of service convenience and feel good factor for the high rollers. Almost everyone is also always up for experiencing the next big thing.

We are involving very experienced operators in the gaming side of the IR's. I don't believe there will be a problem with gaming revenue. It will be there.

The true question is if it will be able to make a success out of all the other operations of the IR ie hotel occupancy etc... occupancy for some of the top hotels here can be quite low in times of deep financial crisis. Let us also not forget that the bigger you are the more overheads you got to cover.

The truth is that we (Singapore) have never failed to pull a crowd, a good example is winning rights for the F1 and aerospace fairs and exhibitions. I think this is definitely one good one to have in your portfolio.

Today (Fri) an another 30minutes to go....Genting SP is drifting down to....Bot at $1.13, 10 lots = $11300, less COMMISSION + 2 rights at 80cts = ($11300 + 1600) will be $12960 (Total 14 lots after ex-right. Breakeven $1.075...

PRICE WILL DEFINITELY DROP slowly but surely due to dilution of shares in market.

teeth53 ( Date: 10-Sep-2009 20:55) Posted:

Today is almost every contra players day is a big winner, tomorro (Friday) Genting SP maybe trading within range bound (no gaping up or down), bearing unforseen. it's seen a little difficult to go beyond $1.170ct cos it was top for profit taking (just my tot)

Last Updated 6 minutes ago. (money.cnn.com)

Stocks headed for weak open

7:20am: Investors await trade and employment data, consider Obama's health care speech. More

Jobless claims fall more than expected

The 4 vices : du, biao, he and smoke usually go together with at least 2 vices at one time. GB has designated non-smoking area for gamblers, but there is no strong enforcement. I presume GS will also have non-smoking areas for non-smokers (but the air are still circulated but lower density of smoke). But as spore govt are stickler to rules and sporean are complain queens & kings while the hardcore gamblers are generally also hard core smokers --- this will result in different interests, who win ?

Genting Singapore plc rated buy

Written by The Edge

Friday, 11 September 2009 11:02

Where are the rich ppl coming from to gamble in Spore.They have many choices.

Why should they come to Spore.What are the advantages to entice them to come.

Anyway, the casino has not open yet, but many are gambling in this counter.

hahaha, cheers and good luck

This won't be the last time. As long as 'investors' and punters are willing to chase it up,they'll do it again and again.

AnthonyTan ( Date: 11-Sep-2009 10:17) Posted:

I personally like this counter very much, thinking that future businesses have good prospect.

But the way the co. keep on making cash calls make me loose confident.

Not vested now. Wait and see for developments.

With ref to the article posted, I think it does make sense. Though I believe the attractions and entertainment of the IRs will be a success, attracting MICE and families to the IRs, but the high rollers might not, because of the squeaky clean image of S'pore. Therefore, the tourist numbers will rise, but not the gambling revenues. In my opinion, gambling revenues will not be very fantastic.

The only consolation is that spore govt will remove totally or partially the rule for sporean to gambler in the local casino in order for the casinos to survive. The rules are meant to be changed, slowly removing the resistance of those against setting up of casinos, 1 step at a time. The govt will said that we cannot allow pple to go without job becomes the valid reasons,...

There will be different opinion & viewpoints, each has its own self interest. If visitors come to Spore, then less will travel to Macao, HK, (casino related or tourism related) or elsewhere. Hence, there will be pessimistic or negative views, in order to compete.

Likewise, analysis, data, research & whatnot (by 1/3, half pail or full pail’s) for Genting became inaccurate & strangely with TP so wide & different, and with different viewpoints... some playing catch up, some very optimistic, some downright pessimistic.

I personally like this counter very much, thinking that future businesses have good prospect.

But the way the co. keep on making cash calls make me loose confident.

Not vested now. Wait and see for developments.

That is why i think only at most 1 casino will survive. Can GS provide cheap accomodation like GB to attract gamblers ? I don't think the Msian will come, may be for one time only. The indonesian may come, but I think the most will be the Chinese. But with so many rules, they may prefer to go to Taiwan or elsewhere. The angmos will prefer Macao.

Interesting article?? He could hv making tons of $ on Crown Aus stock, if he has d same sentiment earlier, before Crown result out loh. Another free MFT. Cheers.

richtan ( Date: 11-Sep-2009 09:50) Posted:

Singapore's Casinos Will 'Flop' - Hang Lung Properties ' Chan Says

Hang Lung Properties' Chan Says Singapore's Casinos Will 'Flop'

2009-09-10 05:20:36.882 GMT

By Chia-Peck Wong and Bernard Lo

Sept. 10 (Bloomberg) --

Ronnie Chan, chairman of Hang Lung Properties Ltd., Hong Kong's fifth-biggest developer by market value, said the two casino-resorts in Singapore will fail because they won't be able to attract high-rollers.

Las Vegas Sands Corp., the casino company controlled by billionaire
Sheldon Adelson, and Genting Singapore Plc, a unit of Asia's biggest
listed gambling operator, are building Singapore's first two casinos.

Chan commented after attending the Bloomberg Leadership Forum in Hong
Kong.

"The big rollers are what make money in casinos, they will never come
to Singapore, it's a family entertainment" location.

"You think big-rollers will go to Singapore where they have teeth and
fangs coming out sideways? There are too many rules. I was in Sentosa
island, I really think that it's going to be a flop.

"The whole integrated entertainment industry, I'm worried for them.
The good thing about Singapore is that if you flop, you're given a
second chance."

For Related News and Information:
For more news on real estate: NI REL BN <GO>; For more news from Hong
Kong: NI HK BN <GO>

--Editor: Josh Fellman

today likely close < 1.13 :P

Ha ha comrade lj, farsighted n mind sharp, ok will wait after 6 Oct then take a look with ds burger again. Will definitely buy if it drops below a $. Tks for d advice. Cheers.

ljkeong ( Date: 11-Sep-2009 00:22) Posted:

The good timing to enter is after XR. Maybe will drop below $1.00.

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GenSp starts to move up again