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Very Very Strong......buying as if the stock is free.....
gho485 ( Date: 29-Jan-2009 11:42) Posted:
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burn baby burn....
Relax lah! The time will come! The opening price mismatch the anticipation leh! I tot will open with -50cents...
nickyng ( Date: 29-Jan-2009 11:37) Posted:
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yeah! Got mine too @ 8.97 minutes ago x 3 short!
oops...my ass is on FIRE !! :P help !! :D
nickyng ( Date: 29-Jan-2009 11:31) Posted:
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Very strong buying too........
nickyng ( Date: 29-Jan-2009 11:31) Posted:
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Mr Koh also not bad la.......If DBS fire Stanley....this will reflect badly on Singapore employment culture and not just a DBS house issue. SLF is alredi very upset by the 900 cut leh.
Anyway, good and timely disclosure but not sure whether trading halt is needed at this point of time....Trading start loh....
gho485 ( Date: 29-Jan-2009 11:24) Posted:
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mai tu liao !! SHORTED 2x 8.90 !! :P
with the current economy woe, dbs surely need someone capable to anchor to ship. This news couldnt come at a bad time than this...i reckon to SELL.
Until DBS is able to find a good replacement or qualified CEO, this will be a weak counter to hold. investors hate uncertainty.
the above is just my own opinon...trade with care.
Good CEO will run the company well and if company keep changing CEO this is going to be bad news lor. If we have ask Mr Thain or Greenberg loser, we will probably have one local bank left.....heeee....call the United Development Overseas Bank....hahahaha
I wish him speedy recovery....
nickyng ( Date: 29-Jan-2009 10:46) Posted:
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Let's Rock 'N' Roll!
shortist to come on in force..
Don't belittle this kind of news. When BBs want to take short position, they will find all sort of reasons and excuses to sell. We will just have to wait for 11.30 to see the outcome. My take – SHORT!
tanglinboy ( Date: 29-Jan-2009 10:43) Posted:
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SINGAPORE, 29 January 2009 – DBS Group Holdings announced today that Chief Executive Officer (CEO) Richard Stanley has been diagnosed with acute myelogenous leukemia and will be commencing medical treatment in Singapore immediately.
Stanley's prognosis comes very suddenly; he was busy at work till last Friday. He sought treatment for what appeared to be ordinary flu-like symptoms on Monday, 26 January 2009, after experiencing a cough and high fever during the Lunar New Year weekend. Stanley was warded the following day and his medical condition was confirmed this morning.
Prior to joining DBS in May 2008, Stanley was certified with a clean bill of health. More recently, in January this year, he and Chief Financial Officer Chng Sok Hui completed a series of investor meetings in Singapore, Hong Kong, U.S and Europe, in connection with DBS' SGD 4 billion rights issue.
Medical diagnosis confirmed that his form of leukemia is treatable and full remission is possible. Stanley is expected to take a leave of absence from the bank of about three to six months as he undergoes medical treatment.
While Stanley is away from work, with immediate effect, Chairman Koh Boon Hwee will work closely with the Management Committee and assume an active management oversight role. This is to ensure continued strong leadership. Koh is not new to this role as he previously acted in a similar capacity, having taken on an active management oversight role at DBS from September 2007 to April 2008, prior to Stanley's appointment as CEO.
The subscription period for DBS’ rights issue recently closed on 20 January 2009, 118.8% subscribed. As scheduled, the rights shares will be issued and credited to shareholders this Friday, 30 January 2009, and will be listed on the Singapore Exchange on Monday, 2 February 2009. Full disclosure of the latest turn of events has been made to the underwriters of the rights issue (Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley and UBS).
Said Koh: "The Board and management are shocked by the sudden news of Richard's medical condition. My colleagues and I look forward to the day when his condition is in remission and he returns to work at DBS. Our thoughts are with Richard and his family and we wish him a speedy recovery."
Added Koh, "The strategic directions set by the Board remain in place and we have a strong leadership team to take the bank forward. Despite the challenging economic outlook, all of us at DBS are determined to walk alongside our customers, employees and investors."
Stanley's prognosis comes very suddenly; he was busy at work till last Friday. He sought treatment for what appeared to be ordinary flu-like symptoms on Monday, 26 January 2009, after experiencing a cough and high fever during the Lunar New Year weekend. Stanley was warded the following day and his medical condition was confirmed this morning.
Prior to joining DBS in May 2008, Stanley was certified with a clean bill of health. More recently, in January this year, he and Chief Financial Officer Chng Sok Hui completed a series of investor meetings in Singapore, Hong Kong, U.S and Europe, in connection with DBS' SGD 4 billion rights issue.
Medical diagnosis confirmed that his form of leukemia is treatable and full remission is possible. Stanley is expected to take a leave of absence from the bank of about three to six months as he undergoes medical treatment.
While Stanley is away from work, with immediate effect, Chairman Koh Boon Hwee will work closely with the Management Committee and assume an active management oversight role. This is to ensure continued strong leadership. Koh is not new to this role as he previously acted in a similar capacity, having taken on an active management oversight role at DBS from September 2007 to April 2008, prior to Stanley's appointment as CEO.
The subscription period for DBS’ rights issue recently closed on 20 January 2009, 118.8% subscribed. As scheduled, the rights shares will be issued and credited to shareholders this Friday, 30 January 2009, and will be listed on the Singapore Exchange on Monday, 2 February 2009. Full disclosure of the latest turn of events has been made to the underwriters of the rights issue (Citigroup, Goldman Sachs, J.P. Morgan, Morgan Stanley and UBS).
Said Koh: "The Board and management are shocked by the sudden news of Richard's medical condition. My colleagues and I look forward to the day when his condition is in remission and he returns to work at DBS. Our thoughts are with Richard and his family and we wish him a speedy recovery."
Added Koh, "The strategic directions set by the Board remain in place and we have a strong leadership team to take the bank forward. Despite the challenging economic outlook, all of us at DBS are determined to walk alongside our customers, employees and investors."
11.30am start trading
ayo.....like dat only trading halt ??? CEO can always be replaced EASILY want wat? especially during bad times....looks like not much REASON for SHOTing this burger liao leh ! :D
CEO got leukemia - no big deal what.... many people have major diseases like cancer and heart problems and carry on working.
Why must have trading halt?
Andrew ( Date: 29-Jan-2009 10:36) Posted:
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I guess he was under too much stress. Poor chap.
Andrew ( Date: 29-Jan-2009 10:36) Posted:
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DBS CEO RICHARD STANLEY DIAGNOSED WITH LEUKEMIA; BEGINS
TREATMENT IMMEDIATELY.
Is this the reason for the trading halt ?
aya...gd or bads new later on will know...just remeber to SHOT IT on open !! u wont be WRONG ! :D