SPC   

SPC

Jangan tension, its only 45.51% stake, no speaking right one. Moreover, Spore gov will not allow such harmful thing happen to d people here. Hence, if confident, keep d stock, if not walk to d bank as alternative liao. Cheers.

 

At the moment, is there any news of SPC going to be delisted ? I can't seem to find any info on it, though someone told me he saw in the morning mandarin News.

 So if it's delisted, does Petrol China have any legal obligation to buy back retail investors' shares at $6.25 ? Thanks

 

haha...lucky burger !! :D wat a wind fall :D

 

When SPC becomes delisted, it is not a public listed company anymore. This means it will no longer be traded anymore in SGX. Investors who have SPC shares cannot trade them on the SGX anymore. Petrol China may make a mandatory general offer to buy the remaining shares from retail investors at the price of $6.25 per share.

Kassanne      ( Date: 25-May-2009 11:29) Posted: What will happen to individuals who have SPC shares if and when SPC becomes delisted from SGX?

 

Petrol China agreed to buy SPC shares from Keppel Corp. at $6.25/ share. This could be due to Petrol China being bullish on the future prospects of higher oil refining margins since SPC owns 50% stake in Singapore Refining Company. It is still the investor's call whether he agrees with Petrol China on paying such high premium ($6.25/ share) for the long term earnings from SPC's oil refining and distribution business. But for all investors, this news definitely provides a boost to it's share price. 

 

What will happen to individuals who have SPC shares if and when SPC becomes delisted from SGX?

 

Those who bought last Friday must a happy man now.....

 

Slight change on the ticker- from SPC to PCS (Petrol China Singapore).

 

They are buying all the shares from Keppel Oil and Gas Services Pte Ltd - 234,522,797,  45.51%. How will it affect the overall share price ? I think it will push price up ? But till what price? 

 

Will the price goes up or down after this news? Any comments/views?

 

alot shortist kena burn like charcoal,,,,,,,,,,,,,,,,all of them was shortist master,,,,,,,,,,,,heavy burn,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,a non sleep sunday,,,,,,,,,,,,,,for them is a nightmate,,,,,,,,,,,,,,,,,,,

 

OMG!

huat ah!

 

http://www.hkexnews.hk/listedco/listconews/sehk/20090524/LTN20090524030.pdf

SPC sold to PetroChina by Keppel Corp..

 

Good Dividend....

 

SINGAPORE Petroleum Co has joined the rest of the oil companies in raising pump prices.

SPC on Thursday upped its 92-octane petrol by four cents a litre at 10.30am this morning. Its 95 and 98 grade petrols as well as diesel went up by five cents a litre, a day after Shell, ExxonMobil and Caltex moved their rates.

With the change, a litre of 92, 95 and 98-octane fuel costs $1.637, $1.677 and $1.78 before discount.

The exception is Shell's 92-octane, which is costlier at $1.647 a litre before discount. Shell will be exiting the 92-octane market by end-June, despite protests from the Consumers Association of Singapore.

The Anglo-Dutch group, which has the largest network of refuelling stations here after ExxonMobil, is also the only one retailing the most expensive automotive fuel here.

Shell's V-Power is now priced at $1.959 a litre before discount - 20 per cent more than the cheapest petrols here. Shell said it is the least saleable fuel after its 92-octane.

 

But previously SPC price doesn't telly with Oil price movement, sometimes it's even opposite of oil price.

 

Now suddenly shoot up, I'm confused whether  I shld buy to average down or sell all.

 

can keep until oil hit 80bucks

alexmay      ( Date: 20-May-2009 20:10) Posted: There was a technical call for this share, mino resistance at $4.78, clearing it can go up to $5.8? This was from Phillip securities. Still vested

 

There was a technical call for this share, mino resistance at $4.78, clearing it can go up to $5.8? This was from Phillip securities. Still vested

 

impressed..

months ago still got some joker say this counter lousy n waiting entry at $1.. lol

wait long also dun have chance liao

 

High vol, but px quite abnormal, as Asia CO future up not that distinct leh. Nigiria so far ok.

Players ard, as in 97, it was pushed up $2 over when reached Oct within a mth. AK didn't wait it hit $9. but dump all ard 8.86 while still in kampong, Msia.

Now, dun hold any, but may peow d burger for a while, as too drastic move liao. May apply Commando style if need be. Cheers for all d vested buddies.

No calling.