Genting Sing    Last:0.755   -

GenSp starts to move up again

Based on past figures, when it closed b4 the last sell down at 0.885, it went down lowest to 0.640. A drop of about 28%.

Using back the same % & last close of 1.19, we can get 0.860 as a guide line.

dealer0168      ( Date: 09-Sep-2009 11:47) Posted: This number sound impossible. The price movement depends alot on the right conifiguration. TuaPekGong9413      ( Date: 09-Sep-2009 11:43) Posted: i wonder wat price will it trade after halt is lifted....60cents?

 

This number sound impossible. The price movement depends alot on the right conifiguration.

TuaPekGong9413      ( Date: 09-Sep-2009 11:43) Posted: i wonder wat price will it trade after halt is lifted....60cents?

 

If Genting is at 60 cents, I think alot of people who missed the boat, will take the opportunity to buy. This is an opportunity if you hold a long term view. My holding are mainly at 68 cents and 82.5 cents. I am assuming my earlier investment should remain profitable, let's see.

 

i think if the rights thing is true, price may tumble for the next few days...esp for those who bought last few days on contra...those who cant hold will see price tumble....guess its time to monitor this babe again

 

i wonder wat price will it trade after halt is lifted....60cents?

 

For longies like me, will just take it as a corrections & a chance to load up more if price is good. Guess will only be awhile before it will resume its up trend when the news for the license is out.   Ultimately we will still see $2, only a matter of time.

 

i wonder how sti will fare later when genting starts to trade....may spoilt the day...hopefully singtel will come to rescue sti

 

guess by now every1 ill know their tricks......whenever price keep on going up, means they have some funny tricks...either they selling shares or issue rights...wonder what's next?

 

Interested to know the configuration of the rights issue. 5 for 1 or???

 

Dow Jones Newswires

September 08, 2009 22:38 ET (02:38 GMT)

DJ Genting Singapore Planning US$1B Rights Issue - Sources

SINGAPORE (Dow Jones)--Genting Singapore PLC (G13.SG) is planning to raise about US$1 billion in a rights issue, two people familiar with the situation said Wednesday.

"The plan is to raise about US$1 billion and it should be announced today," one person told Dow Jones Newswires.

Genting Singapore is opening a casino-resort on the island of Sentosa early next year.

J.P. Morgan, UBS, Deutsche Bank and DBS Group are advising the casino operator on the deal.

 

Haha get Temasek in, than case closed. Sure go up

 

Goodness! Rights issue again? It's not confirmed right? Just planning... ~_^

Hmm... everyone agrees it's not good?

Vostro69, how different can Genting be from the rest? It's not the first time they have rights issue...

 

If the rights is affordable, I see it as a time to further invest in Genting, our casino.

It's a long term thing.

 

Selling time, cut down on profit.

 

Most probably, they've overrun their costs again. Not a good sign at all. Sell.

 

the market has not been sympathetic to rights issue or covertable bonds lately. take olam as an example.

so need to exercise care when trading resumes.  but genting may be different.

 

when will they lift the halt?

 

hopefully the right px is cheep cheep....best is below 30c!

aleoleo      ( Date: 09-Sep-2009 10:56) Posted: SINGAPORE, Sept 9 (Reuters) - Casino operator Genting Singapore <GENS.SI> is planning to raise more than $1 billion through a rights issue, sources familiar with the matter said on Wednesday. "It's a big issue. Over $1 billion," one source with direct knowledge of the deal told Reuters. Genting shares were suspended earlier on Wednesday. Genting Singapore, a unit of Malaysia Genting <GENT.KL>, is building one of the city-state's two integrated casino resorts and is also the largest casino operator in the United Kingdom.

 

SINGAPORE, Sept 9 (Reuters) - Casino operator Genting Singapore <GENS.SI> is planning to raise more than $1 billion through a rights issue, sources familiar with the matter said on Wednesday.

"It's a big issue. Over $1 billion," one source with direct knowledge of the deal told Reuters. Genting shares were suspended earlier on Wednesday.

Genting Singapore, a unit of Malaysia Genting <GENT.KL>, is building one of the city-state's two integrated casino resorts and is also the largest casino operator in the United Kingdom.

 

you meant I should sell of all...? pls advise. Thks.

trueview      ( Date: 09-Sep-2009 10:44) Posted:  should be other way..for short not for long.. pjdpeter      ( Date: 09-Sep-2009 09:43) Posted: anyway...for long...is good to keep this stock.