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RickyTan,
not too sure with cpf. I bought it with cash.
Hi, any idea about CPF application ? This morning, I log on my agent bank, UOB but there is no record yet.
The rights converted share and excess are all credited into our cdp already, even the excess money have already been return.
My friend told me that till date he did not receive this entitlement. Anyone can advice on where can he check with.
Hi, to those who got their entitlements and went for their Rights, did anyone get a confirmation in any form on the amount of 'rights' achieve?
Are we to expect and confirmation in any form? when would that confirmation arrive?
any advice appreciated. Tks
Expect a dip....how serious ....no one knows for sure.
But FA wise, it is a good counter.
Sales of 'Rights' can work either way...Say, if one has 100 lots before 'rights', now post 'rights' he will have 140 lots.
But say, he wants to maintain his holding to 100 lots...and lock in some profits..... he can either
- sell 40 lots after exercising his 'right'....which will means he's down to 60 lots ..which will go back up to 100 lots tomo.
- wait till 29 Jan when 'right' are traded to sell down.
But, those who want to clear the decks of Rotary, will be looking at selling their 'rights' from tomorrow.
there will be a slight drop as there will be ppl selling on monday after they waited so long for their rights to sell. however i believe there is more for this counter in the longer term with them going to have more contracts in middle east.
however there is no harm taking some profit by sellin aportion to lock in the profits.
With all due respect, Waterfalls is either lying through his nose deliberately or is truly just unknowledgeable. The price adjustment has already been made on ex-rights several weeks back.
waterfalls, is the price likely to be average of (0.87+0.2)/2 ?? if so then 0.53 is a big drop from the last price of 0.87.
If i'm not wrong, the price already drop once on 18th Dec when the announcement is made, will it drop again this time?
Whizzer, both reasons which are equally plausible. There is a wide gap between $0.20 and the closing price of $0.87 today. The price might gap down.
I mean, a short while ago, we have so much fundamental bullishness going for us. Now with so much new developments (no pun) added to the picture, that bullishness is not present anymore .
The present fundamental is that the market is already shaky.
I agree that Monday the price will dip slightly but then if u look at the fundamental of Rotary, it will creep up again.....anyway, just my 2 cts comments
Hi waterfalls, i don't quite understand your last sentence, quote *If you did not subscribe to the rights issue, your share value will be diluted* unquote, appreciate if you can explain further.
Will the original value of the share become lower on monday due to the $0.20 or due to people selling so it drop?
Are you suggesting it is better to sell today if possible?
Rite, Shplayer..next Monday 29-1-2007 no doubt about it. ... is date of trading of rights issue of NEW 291 MILLION shares at $0.20. The market will be flooded by a deluge of shares. If you did not subscribe to the rights issue, your share value will be diluted.
waterfalls,
you mean coming Monday...29 Jan 07.? (Next mon is 5 Feb)
A NOTE OF CAUTION: the rights shares will commence trading next Monday. Which means that there would selling pressure on profits taking and the price may come down.
Straits Times 24 January 2007 - $10billion boom in plant building activity to create 10 000 vacancies.
Firms rush to recruits Singaporean for supervisory postitions in construction of oil and drug facilities.
A whopping 10 000 jobs will be created as $10 bilion worth of chemical, oil processing and pharmaceutical plants are built here over the next two to five years. The new positions are for the process supporting industry, a little-known sector dealing with the building and maintenance of complex facilities for oil, chemical and drug companies. Singaporeans are preferred for these jobs, which will be supervisory in nature and cover disciplines ranging from engineering to management.Government efforts to woo pharmaceutical companies to set up manufacturing plants here are also gaining momentum. All this is putting a big strain on companies like Rotary Engineering.
Singaporeans have been unwillingly to take up such jobs as the jobs seem tough and dangerous. Those who join the industry have rewarding propects with strucured career paths and comprehensive training frameworks.
Mr Goh, President of the Association of Process Industry said,"It is possible for an electrical technicain to become an assistant manager in just 5 years."
There is much competition for booming shipyards and contractors. Even after paying out 7 month bonus for last year, the offshore and marine industry continues to struggle to fill up its ranks and has even sponsored a televison drama series to help draw more workers to the sector.
The drama serial is what you are seeing now on channle 8 at 9pm every night from Monday to Friday.
Go read Strait Times Money section headline - $10b boon in plant building n u will know why CIMB upgrades the tp for Rotary!
CHEONG AH!!!!!!!