ShareJunction - Stock Forum Messages

China Gaoxian

ChinaGaoxian

As long as you didn't "mau", any damage will be limited... Smiley

bladez87 ( Date: 13-Jan-2011 14:23) Posted:

if really trade at .347. a lot of people will die. including me, even a 5 lotter also can get burnt badly.

onlooker ( Date: 13-Jan-2011 14:14) Posted:

If you have Bloomberg, go to CGXF SP Equity, go to CACS and see the offer price.

Details for you to take note:

1. Bookbuilding and subscription period: 12 to 13 Jan 2011

2. Offer price: KRW 5,970 (priced on 11 Jan 2011)

If KRW 5,970 is true, it will mean at 1 KDR = 20 shares and exchange rate of 1 SGD: 860 KRW, the price of one share has been priced at SGD 0.347.

Good luck.

But after that it will be up to the people like us to decide whether to drop it to the offer price right?? Again, shortist will have a field day. Any views?

motoe689 ( Date: 13-Jan-2011 14:25) Posted:

impossible to price at 22% discount from last traded price of $0.445 leh...even if Gaoxian wanted to price it at this low level, SGX won't allow it because it will turn the whole market upside down...think SGX rule is that maximum discount to last traded price is 10%...i.e. $0.40

i thought the offering date starts from tmr?

why the subscription period 12-13 Jan? i thought the subscription hasnt even started?

onlooker ( Date: 13-Jan-2011 14:14) Posted:

If you have Bloomberg, go to CGXF SP Equity, go to CACS and see the offer price.

Details for you to take note:

1. Bookbuilding and subscription period: 12 to 13 Jan 2011

2. Offer price: KRW 5,970 (priced on 11 Jan 2011)

If KRW 5,970 is true, it will mean at 1 KDR = 20 shares and exchange rate of 1 SGD: 860 KRW, the price of one share has been priced at SGD 0.347.

Good luck.

I would say at the moment this is the most interesting stock to watch.

Just like GentingSp used to be some time back...

When trading resumes, there's bound to be extreme excitement...

This baobei (hot stock) can go either way... Smiley

impossible to price at 22% discount from last traded price of $0.445 leh...even if Gaoxian wanted to price it at this low level, SGX won't allow it because it will turn the whole market upside down...think SGX rule is that maximum discount to last traded price is 10%...i.e. $0.40

if really trade at .347. a lot of people will die. including me, even a 5 lotter also can get burnt badly.

onlooker ( Date: 13-Jan-2011 14:14) Posted:

If you have Bloomberg, go to CGXF SP Equity, go to CACS and see the offer price.

Details for you to take note:

1. Bookbuilding and subscription period: 12 to 13 Jan 2011

2. Offer price: KRW 5,970 (priced on 11 Jan 2011)

If KRW 5,970 is true, it will mean at 1 KDR = 20 shares and exchange rate of 1 SGD: 860 KRW, the price of one share has been priced at SGD 0.347.

Good luck.

Wow.. if that's really the case, won't it be a field day for shortist at current levels?

If you have Bloomberg, go to CGXF SP Equity, go to CACS and see the offer price.

Details for you to take note:

1. Bookbuilding and subscription period: 12 to 13 Jan 2011

2. Offer price: KRW 5,970 (priced on 11 Jan 2011)

If KRW 5,970 is true, it will mean at 1 KDR = 20 shares and exchange rate of 1 SGD: 860 KRW, the price of one share has been priced at SGD 0.347.

Good luck.

Whatever it is, I am gonna ride it out. Hope it comes up at a later date even though it will prob drop after lifting.

There is no fix price to gauge... You really have to monitor this counter closely.. especially when it lift the halt. And please dont average down. Treat each trade as it is. If you have paper loss then its ur decision to hold *hope for it to SOAR or cut loss!

We cannot see beyond what ppl's mind are thinking , cause this counter is heavily played and controlled.

noobnoob ( Date: 13-Jan-2011 09:25) Posted:

so when is the best time to load up or ave dwn?

medivh ( Date: 13-Jan-2011 08:54) Posted:

Well , force sell can be significant.. retailers, BBs whatever... each day trade is different. Treat each trade as it is...

As per my previous posts, those who playing contra the past few days and yesterday or even today have to contra off but cannot.. will get the blunt of it.

Also those who waiting to contra and sell off because when news are out .. its time to RUN! *at least the mentally of most players here .

Good to have positive attitude. But know when you need to store your bullets for more action ..

why is everybody thinking that it will be offered with a discount to Koreans? Coz of it is offered at a discount and then we still have to pay to transfer the share to KRX and won't Singapore it lugi?? haha just my thoughts.

gaoxian resting. sti also resting. all waiting for gaoxian to resume trading.

so when is the best time to load up or ave dwn?

medivh ( Date: 13-Jan-2011 08:54) Posted:

Well , force sell can be significant.. retailers, BBs whatever... each day trade is different. Treat each trade as it is...

As per my previous posts, those who playing contra the past few days and yesterday or even today have to contra off but cannot.. will get the blunt of it.

Also those who waiting to contra and sell off because when news are out .. its time to RUN! *at least the mentally of most players here .

Good to have positive attitude. But know when you need to store your bullets for more action ..

noobnoob ( Date: 12-Jan-2011 17:33) Posted:

I'm not saying u r wrong... just dat i feel.. if open lower after halt.. its more likely due to kdr pricing no good... or the BB at work again...

as i still feel.. contra force sell from retailers.. are too insignificant.. unless all retailers are like our Warren Buffet twin bro.. warrenbeggar..

haha... just hope everyone huart... cheers..

I've reached a conclusion. Issue price has not been fixed, but the minimum price is $0.40, a 10% discount from the last traded price on 11 Jan. Trading halt is only likely to be lifted on Friday 14 Jan, after the Korea retail offer ends today, 13 Jan.

There is no priviledge to delay T+5, only public hols can be counted.. or when the entire world is down with major setback.

james87 ( Date: 13-Jan-2011 08:56) Posted:

though i nv contra on this. But I still interested to know if the T+5 still applies on instance where companyannounce a trading halt...as to say...those contra still need to pay on max T+5?

Well , force sell can be significant.. retailers, BBs whatever... each day trade is different. Treat each trade as it is...

As per my previous posts, those who playing contra the past few days and yesterday or even today have to contra off but cannot.. will get the blunt of it.

Also those who waiting to contra and sell off because when news are out .. its time to RUN! *at least the mentally of most players here .

Good to have positive attitude. But know when you need to store your bullets for more action ..

noobnoob ( Date: 12-Jan-2011 17:33) Posted:

I'm not saying u r wrong... just dat i feel.. if open lower after halt.. its more likely due to kdr pricing no good... or the BB at work again...

as i still feel.. contra force sell from retailers.. are too insignificant.. unless all retailers are like our Warren Buffet twin bro.. warrenbeggar..

haha... just hope everyone huart... cheers..

medivh ( Date: 12-Jan-2011 17:28) Posted:

Then lets hope I am wrong and that it will SOAR at the opening px when halt is lifted..

maybe some uncle will say "GOU Ka" (hokkien) ...

I read that for BH Global Marine's TDR listing, the TDR issue price was based on the average price over the last 20 trading days. So even if GX's KDR issue price was $0.40, it may mean this is the average price over the last 20 trading days and doesn't mean that the price will tumble when the trading halt is lifted.

oh i think this is wrong example...paiseh paiseh

motoe689 ( Date: 12-Jan-2011 23:30) Posted:

Don't worry for nothing bros. Please read this article on Oceanus Group TDR which proves that even if TDRs/KDRs are priced at a discount to last traded price on SGX, the price can still cheong before the TDR/KDR listing:

http://www.taipeitimes.com/News/biz/archives/2010/01/01/2003462360

Login Register

ChinaGaoxian