DBS    Last:42.3   -

DBS takes another hit as analysts lower targets

Some...bought DBS from 12+ till 20+......laugh all the way...

Few...bought...DBS from 18+ till 10+......cry all the way......

What's next...?

 

 

5 January 2009

DBS SP Outperform

Stock price as of 31 Dec 08:  S$ 8.42

12-month target:  S$ 12.56

Upside/downside %:  +49.2

Valuation - Gordon Growth:  S$ 12.56

GICS sector :  banks

Market cap : S$m 19,210

30-day avg turnover : S$m 83.4

Market cap : US$m 13,361

Number shares on issue m : 2,281

http://www.remisiers.org/research//DBS%2005%20Jan%2008%20Macq.pdf

 

DBS "nil-paid" Rights commences trading today

Please note the trading of the “nil-paid” Rights commences today and ends on 14 Jan 2009 at 5pm.

The last date and time for acceptance and payment for Rights shares is on 20 Jan 2009 at 5pm (9.30pm for electronic applications).

Based on the issue price of S$5.42 for each Rights share and on the last done closing price of DBS of S$9.42 (yesterday), the theoretical price for the “nil-paid” Rights is S$4.00 (could be slightly lower due to transaction costs and also dependent on DBS's share price).

 

Live Quotes from SGX

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	DBS R		4.050	-	-	27,237	152	4.050	4.070	1	4.080	3.690	FIN
	DBS R500		4.080	-	-	861	2	4.000	4.060	1	4.080	3.670

Last Updated : Tuesday, January 06, 2009 17:05

 

I guess this blog will give you some useful information about Right Issue and i guess letter will be at your mail box in these 2 days.

http://bullythebear.blogspot.com/2008/12/dbs-rights-issue.html#comment-6999636467016644875

BenziT      ( Date: 05-Jan-2009 21:06) Posted: I have DBS shares before this Rights thing.   How do I go about to purchase the RIGHTS ?   Will DBS send us any letter to inform us ?   Thanks

 

I have DBS shares before this Rights thing.

 

How do I go about to purchase the RIGHTS ?

 

Will DBS send us any letter to inform us ?

 

Thanks

 

DBS rights tradin tomorrow. If buy the rights, from when to when can go to ATM and pay for the mother shares ?

Anyone knows ?  What good price to buy the rights ?

 

Gotten a 'X' on my previous posting.......did I narrate wrongly on DBS...?...or someone fail to catch the hint.

 

Quite strong today. Congrats to those vested or taken up the rights.
Any news on the sudden jump??

 

Whenever the exponential factors upset the equilibrium condition of the market...the market will enter into a state of adjustment...and DBS is in such state.

Whenever there is a proportional dilution to a normal cup of coffee without sugar...the coffee will taste mild...less bitter...but easier  to consume.

Brewing a good pot of porridge takes time...must have a good proportion of water and ingredient. This pot of porridge has been over heated by wild fire...over dumped with unnecessary ingredients...most importantly...the porridge is not over cooked. A good proportional dilution of water over a slow fire...give it some time...it is still a good pot of porridge.

One will have different view at different time over different age...but the view has to be from an open eye.

equator2010      ( Date: 03-Jan-2009 10:44) Posted: I am wondering if our "veterans" and experts on this board could comment on my analysis of this right issues thinghie. Please indicate (correct/ wrong beside each point): a) once the rights issues have been done, there will be more DBS shares, so the market price of each share will drop (correct/wrong) b)  rally for this past week could be because of an institutional stakeholder trying to build up the current DBS share so that : i) the drop after extra (right) shares come out won't be that severe (correct/wrong) and ii) to get more small investors to jump on board (correct/wrong) c) there is potential risk to jump into the rally bandwagon now and then have the big player dump the shares to take the profit (correct/ wrong) d) in this gloom and with more bad news to come, there is no good rationale why investors should be buying financial/ banking shares like DBS unless they are super-super optimistic or have spare cash to hold for over a year (correct/wrong) Appreciate your taking your time to comment on the above during your precious weekend :)

 

No limit. But make sure u hv enough $ to take the offer, if u were granted the offer, esp when the R were under subscribed. Ha ha, AK kena 120 lots of R of GentInt before, but sad to say, so far didn't make $ on this burger. Dumped them earlier 08. Later of the yr bought some for souvenier.

On d otherhand, as AK posted earlier, if u bought half lot of DBS before XR, u will be entitled 250 shares of R. Then u subcribe excess of 750  shares of R to round off as a lot. This way, likely u will be granted liao. If not greedy, get few more lots of the right loh. But u must do your home work b4 to do anything, as money is  yours.

stock012      ( Date: 03-Jan-2009 20:01) Posted: Anyone know what is the criteria and limit if i wana to apply for excess rights shares thr ATM on top of my own allotment? Thanks AK_Francis      ( Date: 03-Jan-2009 19:14) Posted: Whenever there is any issue on stock, analyst will post their views in papers n even broking firms. Digest them n make your decision loh. Do more homework may enhance your ability making mistake or misjudgement.

 

Anyone know what is the criteria and limit if i wana to apply for excess rights shares thr ATM on top of my own allotment?

Thanks

AK_Francis      ( Date: 03-Jan-2009 19:14) Posted: Whenever there is any issue on stock, analyst will post their views in papers n even broking firms. Digest them n make your decision loh. Do more homework may enhance your ability making mistake or misjudgement.

 

Whenever there is any issue on stock, analyst will post their views in papers n even broking firms. Digest them n make your decision loh. Do more homework may enhance your ability making mistake or misjudgement.

 

Do we long or do we short?  Short can die, long can live, my friend told me.  Not clear at all.

 

I am wondering if our "veterans" and experts on this board could comment on my analysis of this right issues thinghie. Please indicate (correct/ wrong beside each point):


a) once the rights issues have been done, there will be more DBS shares, so the market price of each share will drop (correct/wrong)

b)  rally for this past week could be because of an institutional stakeholder trying to build up the current DBS share so that :

i) the drop after extra (right) shares come out won't be that severe (correct/wrong) and


ii) to get more small investors to jump on board (correct/wrong)

c) there is potential risk to jump into the rally bandwagon now and then have the big player dump the shares to take the profit (correct/ wrong)

d) in this gloom and with more bad news to come, there is no good rationale why investors should be buying financial/ banking shares like DBS unless they are super-super optimistic or have spare cash to hold for over a year (correct/wrong)


Appreciate your taking your time to comment on the above during your precious weekend :)

 

Katak88, many many thanks for this very very important message

 

DBS Rights Issue - TIMETABLE OF KEY EVENTS

Shares trade ex-Rights : 29 December 2008 from 9.00 a.m.

Books Closure Date : 31 December 2008 at 5.00 p.m.

Despatch of this Offer Information Statement (together with the ARE or the PAL, as the case may be) to Entitled Shareholders : 6 January 2009

Last date and time for splitting Rights : 15 January 2009 at 5.00 p.m.

Last date and time for acceptance of and payment for Rights Shares : 20 January 2009 at 5.00 p.m. (9.30 p.m. for Electronic Applications)

Last date and time for application and payment for excess Rights Shares : 20 January 2009 at 5.00 p.m.  (9.30 p.m. for Electronic Applications)

Expected date of issuance of Rights Shares : 30 January 2009

Expected date of commencement of trading of Rights Shares : 2 February 2009

The above timetable is indicative only and is subject to change. As at the date of this Offer Information Statement, the Company does not expect the above timetable to be modified. However, the Company may, with the approval of the SGX-ST and with the agreement of the Joint Lead Managers and the Underwriters, modify the above timetable subject to any limitation under any applicable laws. In such an event, the Company will publicly announce the same through a SGXNET announcement to be posted on the Internet at the SGX-ST’s website http://www.sgx.com.

 Last date and time for renunciation of and payment for Rights Shares : 20 January 2009 at 5.00 p.m.Last date and time for trading of “nil-paid” Rights : 14 January 2009 at 5.00 p.m.Commencement of trading of “nil-paid” Rights : 6 January 2009 from 9.00 a.m.

 

DBS Rights Issue - TIMETABLE OF KEY EVENTS

RENOUNCEABLE UNDERWRITTEN RIGHTS ISSUE (“RIGHTS ISSUE”) OF 760,480,229 NEW SHARES (“RIGHTS SHARES”) AT AN ISSUE PRICE OF S$5.42 FOR EACH RIGHTS SHARE, ON THE BASIS OF ONE RIGHTS SHARE FOR EVERY TWO SHARES (1 FOR 2) HELD BY SHAREHOLDERS (AS DEFINED HEREIN) AS AT 5.00 P.M. (SINGAPORE TIME) ON 31 DECEMBER 2008 (“BOOKS CLOSURE DATE”), FRACTIONAL ENTITLEMENTS TO BE DISREGARDED

 

EXPECTED TIMETABLE OF KEY EVENTS

Shares trade ex-Rights : 29 December 2008 from 9.00 a.m.

Books Closure Date : 31 December 2008 at 5.00 p.m.

Despatch of this Offer Information Statement (together with the ARE or the PAL, as the case may be) to Entitled Shareholders : 6 January 2009

Last date and time for splitting Rights : 15 January 2009 at 5.00 p.m.

Last date and time for acceptance of and payment for Rights Shares : 20 January 2009 at 5.00 p.m. (9.30 p.m. for Electronic Applications)

Last date and time for renunciation of and payment for Rights Shares : 20 January 2009 at 5.00 p.m.

Last date and time for application and payment for excess Rights Shares : 20 January 2009 at 5.00 p.m.  (9.30 p.m. for Electronic Applications)

Expected date of issuance of Rights Shares : 30 January 2009

Expected date of commencement of trading of Rights Shares : 2 February 2009

The above timetable is indicative only and is subject to change. As at the date of this Offer Information Statement, the Company does not expect the above timetable to be modified. However, the Company may, with the approval of the SGX-ST and with the agreement of the Joint Lead Managers and the Underwriters, modify the above timetable subject to any limitation under any applicable laws. In such an event, the Company will publicly announce the same through a SGXNET announcement to be posted on the Internet at the SGX-ST’s website http://www.sgx.com.

 

LODGMENT AND DESPATCH OF OFFER INFORMATION STATEMENT

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_8BC2E4C469439B9B48257532000AD6B6/$file/DBSH_OIS_31Dec2008.pdf?openelementLast date and time for trading of “nil-paid” Rights : 14 January 2009 at 5.00 p.m.Commencement of trading of “nil-paid” Rights : 6 January 2009 from 9.00 a.m.

 

Chinese or even other races, traditionally give angbao as good luck n gesture. New notes for new yr is another practice specially for Chinese only.

Henceforth, MAS will print new notes while approaching CNY. And local financial agencies will offer d exchnage service cum issue angbao envelopes to their clients or even for all who q for the services with limit amount. To avoid inconveniences, they only offer the services a week before CNY. Ha ha, no q n no limit, say 10k n below, if u make d service via your fund manager. They direct go to the tellers.

Ha ha, if u buy $30 or above, Sporepools will give u angbao as well. I think a week b4 CNY as well.

nickyng      ( Date: 02-Jan-2009 11:58) Posted: hey! do u think they still run the old note for new notes exchanges for CNY ? hee.... :P speaking of which..wondering when banks start to offer this service need to prepare ANGBAO soon :P

 

hey! do u think they still run the old note for new notes exchanges for CNY ? hee.... :P speaking of which..wondering when banks start to offer this service need to prepare ANGBAO soon :P

 

 

Private Banking and Treasuries will be hit badly.  Loan growth will be weak or may even be negative.