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XinRen Aluminum ipo offering at 0.55 cents

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teeth53
    17-Dec-2010 16:26  
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Xinren now racing top  volume for today, overtaking Gent SP.

XinRen CPF 0.510 0.520 +0.020 +4.0 volume-47,099,000
 
 
aleoleo
    17-Dec-2010 15:12  
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it definitely have to stay above 0.5, now is a very good time to buy in  .....

DBS issue a very good report ... tp 0.7
 
 
teeth53
    17-Dec-2010 09:52  
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Another stock worth watching, now edging closer to it IPO offer px, after hitting high of $0.515c for today

XinRen CPF 0.510 0.505 +0.005 +1.0 vol-23,617,000 2,090,000 0.500 0.505 175,000
 

 
teeth53
    27-Oct-2010 14:14  
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XinRen in English, it mean Trust, (trust them, they do a good job...Smiley 16)

samlee32      ( Date: 27-Oct-2010 10:35) Posted:

yalo too bad. initially i thought the same scenario in Anchun will happen again. 

 
 
teeth53
    27-Oct-2010 14:03  
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teeth53 - Just my personnal view, good oni for a....Smiley ( STAG ).

At 0.55cents offer, mid-day closed of with 0.095 cents premium ot 17.27% in profit.
 
 
teeth53
    27-Oct-2010 13:59  
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Mid day closed

XinRen CPF 0.650 0.645 0.000 0.0 vol-258,116,000 215,000 0.645 0.640 250,000 0.665 0.620

Time Last Volume Bid/Ask
12:29:55 0.645 10,000 A
12:28:50 0.645 3,000 A
12:28:45 0.645 3,500,000 A



teeth53      ( Date: 27-Oct-2010 09:31) Posted:



Off to a good start.......Smiley 23

09:00:01 0.656 1,192,000 X
08:59:02 0.650 7,500,000 B
08:59:02 0.650 5,279,000 B
08:43:46 0.630 1,400,000 X

 

 
ygc91285
    27-Oct-2010 11:36  
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actually hor, what's the role of 'stabilising manager'? What's their function?
 
 
nickyng
    27-Oct-2010 11:29  
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looks like stabilising mgr run road at 65cts level liao siah? :P
 
 
samlee32
    27-Oct-2010 10:42  
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yalo.good luck to everyone!
 
 
nickyng
    27-Oct-2010 10:37  
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aya this kinda of IPO hard to say wan...skally P.M trade close <60cts! :P anyway move on....u win u lose some... :)

samlee32      ( Date: 27-Oct-2010 10:35) Posted:

yalo too bad. initially i thought the same scenario in Anchun will happen again. 

 

 
samlee32
    27-Oct-2010 10:35  
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yalo too bad. initially i thought the same scenario in Anchun will happen again. 
 
 
nickyng
    27-Oct-2010 10:29  
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wah lucky u cut loss early...now 66.5cts laio :P

samlee32      ( Date: 27-Oct-2010 10:24) Posted:



i short early morning.. too greedy and aiming 0.615. but too late to cover back. now gotta cut loss already.

good job nickyng anyway! congrat!

 
 
samlee32
    27-Oct-2010 10:24  
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i short early morning.. too greedy and aiming 0.615. but too late to cover back. now gotta cut loss already.

good job nickyng anyway! congrat!
 
 
nickyng
    27-Oct-2010 10:19  
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har? u shorted 65cts early or late morning? looks like unpredictable leh this wan.... :P

samlee32      ( Date: 27-Oct-2010 10:07) Posted:



Anyone knows why prices rise back to $0.655 again? I did a short at $0.65 and now waiting for it to drop...haih...

 
 
yummygd
    27-Oct-2010 10:19  
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wah just now wanted to short at 0.65 den too late didnt get

samlee32      ( Date: 27-Oct-2010 10:07) Posted:



Anyone knows why prices rise back to $0.655 again? I did a short at $0.65 and now waiting for it to drop...haih...

 

 
samlee32
    27-Oct-2010 10:07  
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Anyone knows why prices rise back to $0.655 again? I did a short at $0.65 and now waiting for it to drop...haih...
 
 
teeth53
    27-Oct-2010 09:31  
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Off to a good start.......Smiley 23

09:00:01 0.656 1,192,000 X
08:59:02 0.650 7,500,000 B
08:59:02 0.650 5,279,000 B
08:43:46 0.630 1,400,000 X
 
 
nickyng
    27-Oct-2010 09:11  
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another sweet short at 64.5cts x100 and covered at 63cts !! wow....hee...hv fun! :P
 
 
teeth53
    26-Oct-2010 23:17  
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teeth53 - Just my personnal view, good oni for a....Smiley ( STAG ).

Based on the total Offer size of 198,000,000 Offering Shares under the Offering, and the total valid

applications for 860,589,000 Offering Shares (comprising valid applications for 186,000,000 Offering

Shares under the Placement and 674,589,000 Offering Shares under the Public Offer), the Offering is

approximately 4.3 times subscribed.

In connection with the Offering, DBS, as the stabilising manager (the “

behalf of the Joint Global Co-ordinators, Joint Bookrunners, Joint Issue Managers and Joint

Underwriters, has over-allotted 30,000,000 Shares (the "

allocated to the Placement.
Stabilising Manager”), onAdditional Shares"), all of which were

 
 
teeth53
    26-Oct-2010 23:09  
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Just wondering will it bite the dust or not ?.

Temasek Group of Companies (excluding DBS Group of Companies) Member of the same group of companies as DBS Bank Ltd. (whose ultimate substantial shareholder is Temasek Holdings (Private) Limited)

No. of Offering Shares 117 (‘000)  (Allocated under the Placement)

 
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