Mercator Lines   

Mercator Lines

12:01:05

0.650

841,000

Sell Down

what make them want to throw at the first day? 0.54 millions , that's not a small shareholder.

 

http://www.mllindia.com/FinQuarterlyReport.asp

 

Is it being shorted???....short sell by someone???...hope it will move up to its IPO price today.....shipping lines are booming...guess this need to wait a bit b4 it moved up.

 

so there are still chances of moving up...rite...Mercator...cheong aRrrrrrrrrr

 

They issue the lower end of an indicative range of S$0.76-S$0.94.

 

is it???? how come? i thought it is 0.94? they reduce the IPO price is it?

 

jackjames,

The IPO price is 0.76....... so, at 50% is only 0.38 !

hehe

 

look like uniasia lei..

okay la.. 50% discount, we go in.. so, 0.94 / 2 = 0.47 !

 

if it drops too pathetic maybe can buy and contra ... who know it's like hyflux trust down 0.69 then, up to 0.94 in 2 days time.. never know ~

 

Ya, didn't apply for IPO for sometime.....

SINGAPORE (Dow Jones)--Shares of dry-bulk shipper Mercator Lines (Singapore) Ltd. (EE6.SG) opened at S$0.76 on their debut on the Singapore Exchange Friday, the same level as the initial public offering price.

Mercator offered 270.2 million shares, comprising 259.3 million shares for institutions and 10.8 million shares for the public at S$0.76 each, the lower end of an indicative range of S$0.76-S$0.94.

Mercator plans to use the proceeds to buy vessels and invest in maritime companies.

Mercator is the Singapore unit of Indian shipping firm Mercator Lines Ltd.

 

ha ha, forget about IPO man, 0.94 , now only 0.695 ! poor things.

 

Nice picture. Reflecting it's share price now.

 

 

so how many lots u got?

 

Bought some mercator IPOs and eventually got half of what I've bought. Anyone out there able to advise how is it going to be like during trading on friday? scary mannn....