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801-820 of 1965
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..
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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..
hi, read all the post over here. Been thinking whether to sell away my 2lots @2.39 now and wait till 23Feb, then buy again, since many here feel that It will drop as low as $2. any advice??
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:
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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...
jackjames ( Date: 10-Feb-2009 09:08) Posted:
the price now is super good for those who doesn't want right shares, just sell it now...
remember, you won't see the price correction until the ex-date... so, right now, the next 9 days, it's all up to public to react this news.
Eldarchen, well said, thanks for the elaboration.. |
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bro............ mkt is never a level playing field...
Haha, welcome back elf. Allow me to re-post your latest comment on this baby here...
I only have this to say:
Massive con job.
Why?
1)
Very specific "news" released earlier about the one for four offer,
purportedly at $2.2. This "news" was given to brokers, and allowed to
circulate for half a day before Capland issued a denial---which was not
even a denial, but that "they were considering the proposals".
Understandable that a company cannot say more, so they can't be faulted
here. The leak was likely not from them. Now here's the thing: a more
general rumor would have just been "rights issue". But to be able to
give the details down to 1:4 @ 2.2? Who else can give it?
2)
Look at the big names that were shorting down Capland the past two
weeks: I had named them in the capland and other posts before (so there
can't be any "swapping" on my part here) : UBS, Merrill Lynch, JPM.
3) Guess who the three underwriters of the Capland rights issue are? That's right. DBS, Merrill Lynch and JPM. Actual offer? 1:2 @ 1.3.
Now, who thinks it's "just a coincidence"?
-------------
I've
written twice to SGX before, about such cases. Once involving a
specific counter, in which I also suggest banning shortselling since it
is liable to manipulation, the other was when they asked for general
feedback on how to improve market clarity and trading transparency.
The
first received a typical high-handed condescending response, of "Market
movements are typically volatile (blah blah blah)" and "We will not ban
shortselling". Well, less than a couple of months later, they banned
shortselling temporarily when every other country in the world did it.
The second letter was even better. Not even a "thank you for the
feedback" response.
So n00bs, listen up. Don't ever expect the authorities to protect you in such cases. The
market is a dirty place all the way; you'd best learn survival on your
own. Only proper money management and risk management will protect you
from such stuff in the long run.
Posted by
elfinchilde
at
12:17 PM
Oops! JPM happens to be 1 of the 3 underwriters too, the other is DBS.
oinkoink1999 ( Date: 11-Feb-2009 10:30) Posted:
i think the selldown that time was caused by JPM...someone posted in this forum before...
crimson ( Date: 11-Feb-2009 10:27) Posted:
| hi, was wondering, if ML previous was involved in the sell-down and now they are the underwriters... could this then be a case of "insider trading", since they are trading with info after they were approach to be underwriter... ? Any expert's comments?
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You can view capitaland's investor summary of share ownership. on the table you can see who sell down ( those in - )
http://investor.capitaland.com/phoenix.zhtml?c=130462&p=irol-ownershipsummary
i think the selldown that time was caused by JPM...someone posted in this forum before...
crimson ( Date: 11-Feb-2009 10:27) Posted:
hi, was wondering, if ML previous was involved in the sell-down and now they are the underwriters... could this then be a case of "insider trading", since they are trading with info after they were approach to be underwriter... ? Any expert's comments?
Farmer ( Date: 10-Feb-2009 22:11) Posted:
Oops! Forgot to mention that ML is actually one of the 3 underwriters for the current RI.???
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hi, was wondering, if ML previous was involved in the sell-down and now they are the underwriters... could this then be a case of "insider trading", since they are trading with info after they were approach to be underwriter... ? Any expert's comments?
Farmer ( Date: 10-Feb-2009 22:11) Posted:
Oops! Forgot to mention that ML is actually one of the 3 underwriters for the current RI.???
Farmer ( Date: 10-Feb-2009 16:14) Posted:
I suspect this could be another pump-n-dump after the RI in play. Think: why did ML shorted it all the way down from $3+ and now recommend a buy?
Quote: Bank of America-Merill Lynch upgraded CapitaLand to “buy” from
“underperform” following the rights call, saying it would put
CapitaLand in a good position for opportunistic buys. |
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surprising going up ?? just because is blue chip ??
wow..still so strong today....darn..shld hv shorted CAPITALMALL instead ? :P
damn...licking my thousand dollar yester short loss on this burger wipe out my entire Jan2009 gain!! i will be back! :D
my boss is like this today....
my boss said the power of media can turn into powder... hehe....
Oops! Forgot to mention that ML is actually one of the 3 underwriters for the current RI.???
Farmer ( Date: 10-Feb-2009 16:14) Posted:
I suspect this could be another pump-n-dump after the RI in play. Think: why did ML shorted it all the way down from $3+ and now recommend a buy?
Quote: Bank of America-Merill Lynch upgraded CapitaLand to “buy” from
“underperform” following the rights call, saying it would put
CapitaLand in a good position for opportunistic buys. |
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Some kind soul documented this down for reference from CNA forum
From now until 18 Feb
Shares trade cum-rights (CR). It's just an indication that a rights
issue exercise is ongoing. Whoever is still holding Capitaland shares
as of end trading day 18 Feb will be entitled to apply for the rights
shares at a ratio of 1 rights share per 2 existing mother shares. For
example, if you are holding 2 lots (2000 shares), you will be entitled
to apply for 1 lot (1000 shares). If you have 1 lot, then your
entitlement is 500 shares.
19 Feb
Shares trade ex-rights (XR). The price will be adjusted to reflect the inclusion of your rights shares. For example, if it closed at $2.36 on 18 Feb, the fair price when trading starts today will be $2.01 (rounded).
23 Feb
If you were holding any mother shares before 19 Feb, the ownership will
be registered in CDP by this date. Based on this record, you will
receive your nil-paid rights (also called renounceable rights). These
will be deposited into your CDP account before 26 Feb. Nil-paid rights
give the owner the choice to accept the rights shares at the issue
price of $1.30. You do not have to pay for your nil-paid rights, and
they are yours to trade (sell) starting from 26 Feb.
26 Feb to 6 Mar
Trading of nil-paid rights begin. Because it's a 1 for 2 exercise,
the smallest lot size will be 500 shares. So on top of a Capitaland_R,
a Capitaland_R500 counter will be set up for trading. For shareholders
who do not wish to pay more money to convert his/her rights shares to
mother shares, this time window allows you to sell away your nil-paid
rights. For shareholders who wish to round up odd lots, they may also
choose to do so through nil-paid rights purchases here. For investors
who were not holding any mother shares previously but now wish to
participate in the rights issue exercise, they can buy these nil-paid
rights. Theoretically, nil-paid rights will cost the amount of (mother
share price - rights issue price). For example, if the mother share now trades at $2, the nil-paid rights should be trading at $2 - $1.3 = $0.70.
12 Mar
Those holding nil-paid rights have to pay up by this date ($1.30 per
share) to apply for the rights. If you do not wish to subscribe, make
sure you sell away your nil-paid rights between 26 Feb and 6 Mar. If
you still have them as of this date, for whatever reason, pay up and
apply for the rights issue. Don't be an *censored* and hold on to your
nil-paid rights and not apply for the rights! You may pay up either via
post (using bank drafts or money order, no cheques accepted) or ATM
(CDP account should be linked, but note down your CDP account number
for keying in manually just in case)
This is also the date by which excess rights applications must be
submitted. If you are holding odd lots, my advice is to apply for the
excess rights. Priority in excess rights allocation is always given to
holders with odd lots.
23 Mar
You may begin trading your rights shares today. You will see them
in your CDP account as normal Capitaland shares (code C31). To know the
allocation results in advance, check your CDP account on 22 Mar, they
should already be in by then.
maxcty ( Date: 10-Feb-2009 16:53) Posted:
i also blurr of the dates as well...dun know what to do sia.....
oinkoink1999 ( Date: 10-Feb-2009 15:47) Posted:
i think is until 18 Feb by end of trading day...if u r still holding it, u r entitled rights issue. frankly speaking, im very confused with all those dates stated in the announcement...  |
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Capland is raising a whopping $3B in current market condition.
Apparently banks are really very stingy in their lending, so Capland has no choice but to raise capital thrrough rights issues. This can be viewed as positive because Capland does need much capital to fund their projects.
hi oinkoink1999:) then can i keep now, sell away all on 19 Feb, then still entitled to buy RI share? :P
anfield_76 ( Date: 10-Feb-2009 16:06) Posted:
i see... then should i sell now and run away with the profit and wait for the price to drop before the 18th feb and buy in again? :P
oinkoink1999 ( Date: 10-Feb-2009 15:47) Posted:
| i think is until 18 Feb by end of trading day...if u r still holding it, u r entitled rights issue. frankly speaking, im very confused with all those dates stated in the announcement... |
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How the BBs going to move I do not know, propably during/after the RI...but 1 thing for sure, RI isn't a good thing for shareholders esp. during the current crisis. Capitalland is doing it for CMT who has a $1b debt to repay and it has to shoulder up to 60% of its RI if there's no taker. Think: Why do CMT's price tank today?
hi Farmer :) how long do think this pumping will go on, 5 days? when do think the dumping will start, before or after 18 Feb? thanks:)
