CapitaLand   

CapitaLand: Too early to bottom fish

They might be taking over the Casino

 

hi master, so your opinion is to take profit now and but after ex-date(which might be damm low).

Farmer      ( Date: 11-Feb-2009 16:39) Posted: Enjoy the ride! Just a word of cautious: What have really change on its fundamental? Other than asking its shareholders for $$ for "preemptive" which reduces its value per share and increase its cash reserve to ~$6b, why they need so much $$ if they're confident of the future? Dun forget its 4Q08 profit drop 88% worst than many have expected. Its like US gov now, just print share for sales. Haha, dun give me a bad post, my opinion only.

 

my point is they, DBS Vickers can't and won't issue a sell call. cheers to those invested anyway.

Alligator      ( Date: 11-Feb-2009 16:03) Posted: oinkoink1999 , They said they will announce later on the payment date of dividend. No hurry right since those rights shares also entitled this FY08 dividend. gregorsamsa, yes, DBS, JPM, ML (aka BoA) are joint-underwriters. Big deal

 

Enjoy the ride! Just a word of cautious: What have really change on its fundamental? Other than asking its shareholders for $$ for "preemptive" which reduces its value per share and increase its cash reserve to ~$6b, why they need so much $$ if they're confident of the future? Dun forget its 4Q08 profit drop 88% worst than many have expected. Its like US gov now, just print share for sales. Haha, dun give me a bad post, my opinion only.

 

Off-load @2.75 x 15.  Good luck for those who are still holding.

Kensonic77      ( Date: 11-Feb-2009 14:16) Posted: Luckily I didn't sell at super good price.  Now I am selling at 2.75 today or tomorrow.   anfield_76      ( Date: 10-Feb-2009 10:33) Posted: wouldn't super good be subjective? if a buyer had bought his shares at $4 or even $3, then the price of $2.50 is not considered super good. but if one had bought it at a low of $2.36, then $2.50 is a return of about 6%. which is still not considered super good. just using an example: bought 4 lots at $3 = $12000 2 lots of Rights Issued at 1.30 = $2600 total = 6 lots at $14600 average = $2.43 per share if sell now, this person make a loss of $0.50 per share. which is a total loss of ($2000) however, if wait till ex-date the price need to dip until below $2.10 or less then then one will make a loss of more than $2000. just a thought...

 

drop too much previously..

 

thanks oinkoink:) i think got to buy now, the price show no sign of doing down...

 

hi sharehow..the XD date is not out yet..u can choose to sell now and buy again before the XD and still get yr dividend payment.....

sharehow      ( Date: 11-Feb-2009 15:53) Posted: hi oinkoink:) can u pls tell me i must hold the share from latest when to earliest when then can entitled to dividend? thanks:)

 

what's happening to capital land. since its rights announcement, it is a rocket? Heard that the ex rights date is this Friday , correct?

 

 

oinkoink1999 , They said they will announce later on the payment date of dividend. No hurry right since those rights shares also entitled this FY08 dividend.

gregorsamsa, yes, DBS, JPM, ML (aka BoA) are joint-underwriters. Big deal

 

hi oinkoink:) can u pls tell me i must hold the share from latest when to earliest when then can entitled to dividend? thanks:)

 

isn't DBS one of the underwriter of the deal?

Alligator      ( Date: 11-Feb-2009 15:22) Posted: DBSV upgrade to BUY, extracted from report below: From strength to strength Capitaland’s rights issue has strengthened balance sheet and financial flexibility. As one of the lowest geared groups in the region and with strong management track record, it is well positioned to seize new opportunities in this cycle. With the additional cash capacity, the group’s gearing level should remain low at 0.5-0.55x, even after taking into account other potential funding requirements. We are raising our call to Buy on removal of equity overhang concerns and further accretion in value once it redeploys its cash. Our pre-rights TP of $3.51 offers significant upside from here. Upgrade to Buy. We believe share price should react positively to the removal of the equity overhang concern. Further upside in valuation can be derived from its stronger balance sheet and deployment of cash into new opportunities. Our revised pre-rights target price of $3.51 ($2.56 post rights) is based on a narrower 50% discount to pre and post rights RNAV of $7.03 and $5.13 respectively.

 

Hi Alligator, payout of 7cts will be somewhere in April...am I right? Cheers, oinkoink

Alligator      ( Date: 11-Feb-2009 15:37) Posted: Do take note  on following regarding Dividend: The rights shares are entitled to all future dividends including the FY08 final DPS of 5.5cts and special DPS of 1.5cts.

 

Still going up strongly.....

 

Do take note  on following regarding Dividend:


The rights shares are entitled to all future dividends including the FY08 final DPS of 5.5cts and special DPS of 1.5cts.

 

DBSV upgrade to BUY, extracted from report below:

From strength to strength
Capitaland’s rights issue has strengthened balance sheet and
financial flexibility. As one of the lowest geared groups in the
region and with strong management track record, it is well
positioned to seize new opportunities in this cycle. With the
additional cash capacity, the group’s gearing level should
remain low at 0.5-0.55x, even after taking into account other
potential funding requirements. We are raising our call to Buy
on removal of equity overhang concerns and further accretion
in value once it redeploys its cash. Our pre-rights TP of $3.51
offers significant upside from here.


Upgrade to Buy. We believe share price should react positively
to the removal of the equity overhang concern. Further upside in
valuation can be derived from its stronger balance sheet and
deployment of cash into new opportunities. Our revised pre-rights
target price of $3.51 ($2.56 post rights) is based on a narrower 50%
discount to pre and post rights RNAV of $7.03 and $5.13
respectively.

 

Huge lots buy-up....

DAY HIGH :  2.710	NET CHANGE :  0.070	TOTAL VALUE :  83,819,100
DAY LOW :  2.580	LAST DONE :  2.700	VOLUME :  31,473

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Time Last Vol Buy/Sell 15:11:09 2.700 2 S 15:11:04 2.695 2 X 15:10:58 2.690 1 B 15:10:58 2.690 2 B 15:10:57 2.690 27 S 15:10:57 2.690 600 S 15:09:18 2.680 1 B 15:09:14 2.690 1 S 15:08:10 2.680 1 B 15:07:38 2.680 1 B 15:06:45 2.680 1 B 15:06:09 2.680 3 B 15:06:08 2.680 5 B 15:05:48 2.680 13 B 15:05:19 2.690 1 S 15:05:05 2.680 4 B 15:05:03 2.680 2 B 15:04:49 2.680 5 B 15:03:07 2.690 1 S 15:02:56 2.680 1 B

 

it all depends. For DBS, after ex rights, the price actually shot up a short while (more than the px b4 rights), and u earn much more if u sell then cos u can trade ur rights too..  but it dropped real fast after..

hard to predict.. anyway all depends on u

 

haha..so u going to execute? I still thinking....actually after ex-date, how low can it drop till?

sharehow      ( Date: 11-Feb-2009 15:02) Posted: thinking same thing... :) maxcty      ( Date: 11-Feb-2009 14:54) Posted: hi mario1, I am actually thinking to run with the profit now. and wait till ex-date, buy in again when price is low..

 

thinking same thing... :)

maxcty      ( Date: 11-Feb-2009 14:54) Posted: hi mario1, I am actually thinking to run with the profit now. and wait till ex-date, buy in again when price is low... mario1      ( Date: 11-Feb-2009 14:45) Posted: after ex date, price will drop, but u can sell ur rights if u dun wan to buy.. anyway isn't it more or less the same? normally rights is trading at mother share-$1.3..