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It selling at a discount....opening at 0.415c, now trading at 0.42 to 0.34 to it offer ipo pices of 0.48 cents.
It will take a while for it to float back to 0.48c...Huat Arhh
Submarine ! Die Die.
Mr. teeth53,
So how, 2morrow can short this one to dead..... to cover back some lost from other counters ???
Balloting result is out.
http://pdf.reuters.com/sgxnews/sgxnews.asp?i=43059c3bf0e37541& u=urn:newsml:reuters.com:20110223:nSN2N42261
Based on the total of 70.0 million Offering Shares and the total valid applications received
amounting to 79.1 million Offering Shares (comprising valid applications received for 15.6 million
Offering Shares for public subscription and 63.5 million Offering Shares offered under the placement
to investors, including institutional investors in Singapore), the IPO was approximately 1.1 times
subscribed. Trading of UECL’s shares on the Mainboard of the SGX-ST is expected to commence
at 9.00 a.m. on 25 February 2011.
Fins still attached to the sharks?
Moneysense ( Date: 17-Feb-2011 10:48) Posted:
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Really sharkfins?
moonsun ( Date: 17-Feb-2011 00:18) Posted:
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PE Ratio ?. Though it is not mentioned, think is at around 4 times (quite low to think of it, may have some kopi money--base on small cap share). think of it, they may want to be ahead of Hutchison Whampoa 6 billion ipo.
will go apply for shark fins ! huat lah ! After budget... cheong ... cheong ... cheong ...
anyone wanna share his view on whether is this ipo more likely to open above it's opening price or open flattish/underwater on it's 1st day?
For more info........Happy investing
http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/0D34D32E94A72FC2482578380034A8D7/$File/2.1.01%20Prospectus.PDF
UE E& C LTD.
Incorporated in the Republic of Singapore on 9 March 2010)70,000,000 Offering Shares (subject to the Over-allotment Option)
Offering Price: S$0.48 per Offering Share