Post Reply
461-480 of 729
What is Right Dividend ? Who will entitle to this ?
Further to the Company?s announcement on 29 August 2007 (the "
1. After taking into account an additional 1,018,400 Exercisable Share Options which have vested since the Announcement or which will vest before the Books Closure Date, the maximum number of Rights Shares which may be issued under the Rights Issue has been increased from 72,077,760 Rights Shares (as previously announced on 29 August 2007) to 72,179,600 Rights Shares.
2. The Company has today received in-principle approval from the Singapore Exchange Securities Trading Limited ("
(i) Shareholders? approval for (a) the general share issue mandate, and (b) the payment of the Special Rights Dividend being obtained at the Company?s annual general meeting scheduled for 30 October 2007.
Announcement") relating to, inter alia, the Rights Issue, the Board of Directors of the Company wishes to announce that: SGX-ST") for the listing and quotation of up to 72,179,600 Rights Shares on the Official List of the SGX-ST, subject to:
RENOUNCEABLE NON-UNDERWRITTEN RIGHTS ISSUE OF UP TO 72,179,600 NEW ORDINARY SHARES IN THE CAPITAL OF THE COMPANY (THE ?RIGHTS SHARES?) AT AN ISSUE PRICE OF S$2.05 FOR EACH RIGHTS SHARE, ON THE BASIS OF ONE (1) RIGHTS SHARE FOR EVERY TEN (10) EXISTING ORDINARY SHARES OF THE COMPANY HELD BY ENTITLED SHAREHOLDERS AS AT THE BOOKS CLOSURE DATE, FRACTIONAL ENTITLEMENTS TO BE DISREGARDED (THE ?RIGHTS ISSUE?) AND THE AVAILABILITY OF AN OPTION TO ELECT TO USE THE NET SPECIAL RIGHTS DIVIDEND TO SUBSCRIBE FOR THE RIGHTS SHARES
Anyone has any comment on whether this is a good/bad for the stock ?
Technically, the chart is also beautiful...
I can 'foresee' many stocks will rise in the weeks ahead... 
TA charts look slightly more bullish. Acc/Dist and Chaikin on uptrend.
I read from sgx announcement that company declared dividend of 3+5=8cents less tax plus special rights divvy 25cents less tax ( or net special Rights dividend of 20.5cents that can be used to pay for 1:10 Rights issues at issued price of S$2.05)
could any FA person be able to help advise and comment on this divvy and Rights and the health of Wing Tai?
Wing Tai on Wednesday said strong luxury home sales helped triple its full-year net profit, but saw ongoing turmoil in financial markets hurting business.
Wing Tai Chairman Cheng Wai Keung said that property sales have slowed because of the turbulence in world financial markets caused by the U.S. subprime mortgage sector meltdown.
He said the turmoil has hurt investor appetite for real estate and would moderate new property launches.
"If we feel that the market is slow, there is no point pushing (property sales) as this would lead to people backing out later," Cheng told a briefing.
Cheng said he believed that the slowdown in property sales was temporary.
"We see more caution but the property cycle is still in a growth stage and I don't see panic."
The company said that it would continue to expand its overseas business, which accounted for about 16% of revenue in the previous financial year.
Wing Tai seems to have bottomed out. TA charts have reversed about a week ago.
At this point in time, TA people will love Wing Tai.
This is because it just bounced off the top of the channel and has weakened since (truly in accordance with TA 'phenomena').
If it does not penetrate tha channel top in the coming days/week as the market rallies, it is one sign of weakening..
TA charts for Wing Tai don't look good. Acc/Dist and Chaikin seem to be on a slow downtrend.
Hi, Wing Tai loves to swing these few days... extreme high immediately followed by extreme low and vise versa.
Technically and fundamentally looks good.Can somebody advise if there are other things we need to know about this crazy counter ?
Thanks,
SINGAPORE, July 30 (Reuters) - Singapore's Straits Times Index <.STI> was up 0.71 percent at 0652 GMT.
Stocks and factors to watch:
Shares of property firm Wing Tai Holdings (WTHS.SI:
Quote,
Profile ,
Research) rose as much as 5.1 percent to S$3.70 with 1.5 million shares traded after Citigroup lifted its target price for the stock to S$4.62 from S$4.31.
"We think the recent sell-down is unwarranted," Citigroup analyst Wendy Koh said in a research note.
"None of Wing Tai's residential sites are affected by the recent change in development charges," she said. Koh has a "buy" recommendation on Wing Tai.
Singapore's Urban Redevelopment Authority (URA) said on July 18 that it had raised its land development charge rate to 70 percent from 50 percent, a move which triggered heavy selling of property stocks in the city-state. [ID:nSIN94629]
The Singapore property index <.PROP> and Wing Tai shares have fallen more than 7 percent from their close on July 17, before the URA made its announcement.
yah. 446 lots at 3.96.
dang, dow is down 108 pts now. gonna be panicked rush for exits tmrw. sigh.
Thanks elfin.
You meant that 303+143=446 lots done at $3.96 ? Strong support is at $3.50.
sporeguy,
info requested:
ave traded size: 9.6 lots.
weighted ave px: 3.8738.
sold to buyer: 1,141 lots. bought from seller: 935 lots.
most trades done at 3.96 (total of 69 trades transacted, 303 lots sold to buyer, 143 bought fr seller). next most frequent trade at 3.78. 28 trades there. 58 sold to buyer, 73 lots bought from seller.
your panic selling occurred at 3.72 and below.
As for the anomaly: $3.38 shows 6 trades transacted, 2lots sold to buyer, 13 lots bought from seller. lkg at time and price of the sale, the mistake (or more like panic) was by one seller: 40 lots in all sold between 15:54:11 to 15:55:12. He sold down the quotes between 3.50 to 3.38, hence the sudden drop.
total vol transacted was 2,422 lots. dun think 40 lots will scare the market that much lah...all retail sizes of 1, 2, 5 lots. lucky ppl who picked it up...
Can anyone get info regarding the most common price that is transacted or the median price ? This will reflect whether someone is trying to frighten the market !
someone keyed in the wrong order thats y dropped to 3.38 juz now???? Or is it BB;s great sale so that they can buy cheap cheap??
My view is it may trade within the band of 3.80 - 4.20 for another month at least...
Hi mani aka iPunter, sporeguy
I read the chart which seems to show a chance of upword swing, abeit in small %.
How do you think?
I am still holding this stock, both CPF and cash, for very very long already.
Singaporegal, would you mind read the TA charts and comment?
