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881-900 of 1965
my boss is going to subscribe the rights oso... my boss said its it a steal...
my boss got 1 lots...
Thanks sharehow. 2 right issue share meaning 2000 shares? how can I go about buying these shares?
sharehow ( Date: 09-Feb-2009 21:48) Posted:
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mind if I ask, I have 3000 shares currently, how can I go about buying 'right issue' shares at the ration of 2:1? meaning I can buy 1500 shares now for price $1.30?
Thanks for sharing...
Juzztrade ( Date: 09-Feb-2009 20:20) Posted:
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TradeChancellor , coolblue, thanks:)
hi Juzztrade, pardon me, do u mean u are buying the 15 lots after the right issue 23 feb, or do u mean u are holding 10 now and buy 5 right issue? thanks:)
Can be found in this website.
http://www.investopedia.com/terms/d/dollarcostaveraging.asp
sharehow ( Date: 09-Feb-2009 20:47) Posted:
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hi Juzztrade, thanks for your earlier information:)
could u pls tell me what is DCA?
I am planning to hold for this counter after taking up the rights issue. Total will be 15 lots and will DCA along the way if necessary. Hopefully, can get dividend of 0.15 cents same like last year this coming month of May.
maxcty ( Date: 09-Feb-2009 18:12) Posted:
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there is no doubt that the price will DROP tomorrow but will it drop below $1.30? the next coming report will definitely be RED again. any guru there any idea? :)
SINGAPORE, Feb 9, 2009 (AFP) - CapitaLand, one of Asia's largest property firms, reported on Monday an 88.4 percent drop in fourth-quarter net profit, with lower sales revenue in China and Australia.
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The company announced it is seeking to raise about 1.84 billion dollars (1.23 billion US) in a rights issue, but said it is doing so from a position of strength.
Net profit for the fourth quarter was 78.0 million dollars compared with 674.7 million during the same period a year earlier, said the firm, which operates shopping malls and the Ascott serviced residences, manages investment funds and develops residential properties.
Revenue in the fourth quarter fell 46.9 percent to 703.7 million from a year earlier, CapitaLand said, attributing the decrease mainly to lower sales from development projects in China and Australia.
Those declines were partially offset by higher sales from projects in Singapore, along with higher rental revenue and fund management fees, it said.
For the 2008 financial year CapitaLand reported a "healthy" net profit of 1.26 billion dollars, down 54.3 percent from the previous year while revenues fell 27.4 percent to 2.8 billion dollars.
Seventy percent of revenue came from overseas, mainly from Australia and China, the company said.
"The Group has significant financial strength to weather the global economic uncertainties," said Richard Hu, chairman of CapitaLand Group.
Under the rights issue, eligible shareholders will be able to subscribe to one new ordinary share for every two existing ones. The price of 1.30 dollars per share is a discount of about 45 percent from Friday's closing price.
"The rights issue is pre-emptive to strategically enhance the Group's financial flexibility," and to take advantage of an opportunity to improve its competitive position, said Liew Mun Leong, CapitaLand's president and CEO.
"We will also be well positioned for any mergers and acquisitions opportunities that might arise."
Singapore sovereign wealth fund Temasek Holdings has a 40 percent stake in CapitaLand.
cheongwee ( Date: 09-Feb-2009 18:00) Posted:
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williamyeo ( Date: 09-Feb-2009 17:52) Posted:
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No worry, this counter can go long, i dont see problem, but i dont see good result either for all properties counter coming next quater...now already down so much for kepland and this one...we may see them in the red for next report....read ST that properties will not do well the next 2 yrs....
Under this crises which counter can escape...maybe health, education??
Dont let other post scare u...hope i didnt...this one if go low , can buy and keep..this one is a multi bagger,,,it make me alot of $ previous crise...it going to do the same to you.......good luck.
dont worry...
maxcty ( Date: 09-Feb-2009 15:46) Posted:
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Lincoln ( Date: 09-Feb-2009 17:47) Posted:
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williamyeo ( Date: 09-Feb-2009 17:41) Posted:
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samtam ( Date: 09-Feb-2009 17:39) Posted:
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