IPO
XinRen Aluminum ipo offering at 0.55 cents
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why bite e dust?my friend applied 200 lots but didnt even get one so quite a good interest den..
bishan22 ( Date: 26-Oct-2010 20:32) Posted:
Another IPO bite the dust. Be prepared and short first.  |
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Another IPO bite the dust. Be prepared and short first.
Thanks for the advice! should i execute a pre mkt sell order to maximize profits? I am new to shorting.
nickyng ( Date: 26-Oct-2010 19:55) Posted:
U cannot be wrong! :P see ya tomor in the $HORTING RANGE! :P short ahh!!
buoijet ( Date: 26-Oct-2010 19:51) Posted:
I didnt get it thru... can i short? |
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Europe Hits China with Five-year Tariff on Aluminium Car Wheels
The European Union imposed a five-year tariff on aluminium car wheels from China to help German, French, Italian and other EU producers compete against cheaper imports, threat- ening cost rises for automakers.
The 22.3 per cent duty punishes Chinese exporters, including YHI Manufacturing (Shanghai) Co and Zhejiang Wanfeng Auto Wheel Co, for selling the wheels in the 27-nation EU below cost, a practice known as dumping. Car manufacturers, includ- ing Bayerische Motoren Werke AG, the world’s biggest maker of luxury autos, and Renault SA use the wheels.
European aluminium-wheel producers suffered “material injury” as a result of dumped imports from China, the EU said in a decision Monday in Luxembourg. The five-year levy is higher than a provisional duty of 20.6 per cent introduced in May and will take effect after publication in the EU Official Journal by November 11.
Chinese exporters doubled their combined share of the EU market for aluminium wheels to 12.4 per cent in the 12 months through June 2009 compared with 2006, according to the bloc.
The EU said the benefits of the anti-dumping duty for Euro- pean aluminium-wheel producers outweigh the disadvantages for carmakers. With aluminium road wheels representing about 1 per cent of the cost of a car, automakers face a maxi- mum cost increase of 0.22 per cent, according to the bloc.
In a separate decision Monday, the EU imposed five-year anti-dumping duties as high as 53.2 per cent against China on a chemical used in the construction, metals and food indus- tries. The levy on sodium gluconate aims to curb import com- petition for EU producers, including a French unit of Switzerland’s Jungbunzlauer AG and an Italian subsidiary of France’s Roquette Freres.
U cannot be wrong! :P see ya tomor in the $HORTING RANGE! :P short ahh!!
buoijet ( Date: 26-Oct-2010 19:51) Posted:
I didnt get it thru... can i short? |
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I didnt get it thru... can i short?
Went ahead to apply this morning. Saw on the ATM screen that CPF can be used to apply.
why price so high ?
Ha ha, good one. just tikam some for luck loh. Cheers.
musicwhiz5 ( Date: 24-Oct-2010 14:33) Posted:
| IPO usually stands for "It's Probably Over-priced". And for a good reason too. Most of the originall investors in the Company did so at a very early stage (these are private equity investors which may be from VC companies or they may be "angel" investors). At the pre-IPO stage they are already making good gains, at the IPO stage the mark-up is even sharper; and when the company finally sells shares to the retail public you'd expect an even bigger markup so everyone along the food chain gets their gains; and this includes the book builders, agents, underwriters and IPO managers. Everyone needs to feed their families - and the money comes from the retail public which subscribes for shares at inflated prices. |
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TY Andrew!
yonghy ( Date: 21-Oct-2010 23:36) Posted:
very well done...
Andrew ( Date: 21-Oct-2010 23:30) Posted:
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Hi kc0257
Before IPO 13cts - Standard Acount Audit shows the company is worth 13cts per shares.
After IPO 19cts - As new shares are added at 55cts, the per share Net Asset Value become 19cts per shares.
As you buy the share at 55cts, you paid an extra 36 cts per share (55 -19 = 36). If a corolla is selling at say...$100K, you are paying about $300K for the same toyota corolla. This is called dilution.....
Will you buy a corolla at 300K ?
Issuer think that the company is worth 55cts as ....maybe the P/E is at or below market going rate.
Anyway, if you are selling within 20mins on the first day trade......then....it doesn't really matter. Afterall it is IPO season.
If for long term, when do you think the company will make enough profit to reach 55cts per share ?
If this company, eventually, did not meet its targeted objectives......then chances are good that it will move towards 19cts or worse less.
Good enough for you ? |
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IPO usually stands for "It's Probably Over-priced". And for a good reason too. Most of the originall investors in the Company did so at a very early stage (these are private equity investors which may be from VC companies or they may be "angel" investors). At the pre-IPO stage they are already making good gains, at the IPO stage the mark-up is even sharper; and when the company finally sells shares to the retail public you'd expect an even bigger markup so everyone along the food chain gets their gains; and this includes the book builders, agents, underwriters and IPO managers. Everyone needs to feed their families - and the money comes from the retail public which subscribes for shares at inflated prices.
what do you mean dilution 100%?
Apparently XinRen will not own any of the factories and facilities due to China laws. This company only has a contractual agreement with the family to operate. Can it then still count these assets that rightly still belong to the private family as its NTA at all? dilution should be 100%...no??
share offering start on Monday 9am
Share offering End on Monday 12pm
Share trading start on Wed 9am...
very well done...
Andrew ( Date: 21-Oct-2010 23:30) Posted:
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Hi kc0257
Before IPO 13cts - Standard Acount Audit shows the company is worth 13cts per shares.
After IPO 19cts - As new shares are added at 55cts, the per share Net Asset Value become 19cts per shares.
As you buy the share at 55cts, you paid an extra 36 cts per share (55 -19 = 36). If a corolla is selling at say...$100K, you are paying about $300K for the same toyota corolla. This is called dilution.....
Will you buy a corolla at 300K ?
Issuer think that the company is worth 55cts as ....maybe the P/E is at or below market going rate.
Anyway, if you are selling within 20mins on the first day trade......then....it doesn't really matter. Afterall it is IPO season.
If for long term, when do you think the company will make enough profit to reach 55cts per share ?
If this company, eventually, did not meet its targeted objectives......then chances are good that it will move towards 19cts or worse less.
Good enough for you ?
kc0257 ( Date: 21-Oct-2010 21:58) Posted:
Dear Seniors/Supremes, Pls explain this discussion. Finally is this a good IPO to go for? |
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Hi kc0257
Before IPO 13cts - Standard Acount Audit shows the company is worth 13cts per shares.
After IPO 19cts - As new shares are added at 55cts, the per share Net Asset Value become 19cts per shares.
As you buy the share at 55cts, you paid an extra 36 cts per share (55 -19 = 36). If a corolla is selling at say...$100K, you are paying about $300K for the same toyota corolla. This is called dilution.....
Will you buy a corolla at 300K ?
Issuer think that the company is worth 55cts as ....maybe the P/E is at or below market going rate.
Anyway, if you are selling within 20mins on the first day trade......then....it doesn't really matter. Afterall it is IPO season.
If for long term, when do you think the company will make enough profit to reach 55cts per share ?
If this company, eventually, did not meet its targeted objectives......then chances are good that it will move towards 19cts or worse less.
Good enough for you ?
kc0257 ( Date: 21-Oct-2010 21:58) Posted:
Dear Seniors/Supremes, Pls explain this discussion. Finally is this a good IPO to go for?
Andrew ( Date: 21-Oct-2010 12:21) Posted:
Before this IPO, it is worth 13cts NAV. After IPO, it is 19cts.
Dilution is 36cts to new investors !!!
I am wondering when it will make enough money to cover for this 36cts..... |
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XinRen Aluminum Holdings Limited ipo closing on 25-10-2010 (Monday) at 12 noon.
Expected Listing is on 27-10-2010. (Wed) at 9 a.m.
teeth53 ( Date: 21-Oct-2010 19:22) Posted:
| Has debt of $407.7m. look like all is run by KaKi Lang...Dun know good or bad for subscription or not ?. |
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Dear Seniors/Supremes,
Pls explain this discussion.
Finally is this a good IPO to go for?
Andrew ( Date: 21-Oct-2010 12:21) Posted:
Before this IPO, it is worth 13cts NAV. After IPO, it is 19cts.
Dilution is 36cts to new investors !!!
I am wondering when it will make enough money to cover for this 36cts..... |
|
Has debt of $407.7m. look like all is run by KaKi Lang...Dun know good or bad for subscription or not ?.
