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how would the manager made $ from it?
where does the stabilising fund $ come from?
Quantico ( Date: 14-Apr-2011 16:29) Posted:
Assuming that the 540 million shares were bought back at an average price 0.98 (probably lower), the stabilising manager would have made a cool US $ 16.2 million.
katak88 ( Date: 14-Apr-2011 01:43) Posted:
Business Times - 13 Apr 2011
Hutchison Trust falls as price stabilisation ends
SINGAPORE - Units of Singapore-listed Hutchison Port Holdings Trust fell as much as 3.1 per cent on Wednesday after Deutsche Bank said it has ended moves to stabilise the share price, traders said.
At 0340 GMT, Hutchison Trust was 2 per cent lower at S$0.96 with about 51.9 million units traded.
The trust's stabilizing manager Deutsche Bank said late on Tuesday that it will stop price stabilisation action. The German bank also disclosed it had bought a total of 540 million Hutchison Trust units since its listing in Singapore.
'As the total number of units which had been over-alloted in connection with the offering has been fully covered by the purchases made under the price stabilising action,' Deutsche will not exercise the over-allotment option granted by Hutchison Trust.
Hutchison Trust, which owns ports in Hong Kong and Shenzhen, is controlled by Hong Kong billionaire Li Ka-Shing's Cheung Kong Holdings. -- REUTERS |
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Assuming that the 540 million shares were bought back at an average price 0.98 (probably lower), the stabilising manager would have made a cool US $ 16.2 million.
katak88 ( Date: 14-Apr-2011 01:43) Posted:
Business Times - 13 Apr 2011
Hutchison Trust falls as price stabilisation ends
SINGAPORE - Units of Singapore-listed Hutchison Port Holdings Trust fell as much as 3.1 per cent on Wednesday after Deutsche Bank said it has ended moves to stabilise the share price, traders said.
At 0340 GMT, Hutchison Trust was 2 per cent lower at S$0.96 with about 51.9 million units traded.
The trust's stabilizing manager Deutsche Bank said late on Tuesday that it will stop price stabilisation action. The German bank also disclosed it had bought a total of 540 million Hutchison Trust units since its listing in Singapore.
'As the total number of units which had been over-alloted in connection with the offering has been fully covered by the purchases made under the price stabilising action,' Deutsche will not exercise the over-allotment option granted by Hutchison Trust.
Hutchison Trust, which owns ports in Hong Kong and Shenzhen, is controlled by Hong Kong billionaire Li Ka-Shing's Cheung Kong Holdings. -- REUTERS |
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No more help, must ownself help liao......
AnthonyTan ( Date: 14-Apr-2011 15:45) Posted:
Time for this counter to drop lor, hahaha
No more stabilizing manager to help.
katak88 ( Date: 14-Apr-2011 01:43) Posted:
Business Times - 13 Apr 2011
Hutchison Trust falls as price stabilisation ends
SINGAPORE - Units of Singapore-listed Hutchison Port Holdings Trust fell as much as 3.1 per cent on Wednesday after Deutsche Bank said it has ended moves to stabilise the share price, traders said.
At 0340 GMT, Hutchison Trust was 2 per cent lower at S$0.96 with about 51.9 million units traded.
The trust's stabilizing manager Deutsche Bank said late on Tuesday that it will stop price stabilisation action. The German bank also disclosed it had bought a total of 540 million Hutchison Trust units since its listing in Singapore.
'As the total number of units which had been over-alloted in connection with the offering has been fully covered by the purchases made under the price stabilising action,' Deutsche will not exercise the over-allotment option granted by Hutchison Trust.
Hutchison Trust, which owns ports in Hong Kong and Shenzhen, is controlled by Hong Kong billionaire Li Ka-Shing's Cheung Kong Holdings. -- REUTERS |
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i thinks the germany bank immediately shorted like mad after they stop the fund
AnthonyTan ( Date: 14-Apr-2011 15:45) Posted:
Time for this counter to drop lor, hahaha
No more stabilizing manager to help.
katak88 ( Date: 14-Apr-2011 01:43) Posted:
Business Times - 13 Apr 2011
Hutchison Trust falls as price stabilisation ends
SINGAPORE - Units of Singapore-listed Hutchison Port Holdings Trust fell as much as 3.1 per cent on Wednesday after Deutsche Bank said it has ended moves to stabilise the share price, traders said.
At 0340 GMT, Hutchison Trust was 2 per cent lower at S$0.96 with about 51.9 million units traded.
The trust's stabilizing manager Deutsche Bank said late on Tuesday that it will stop price stabilisation action. The German bank also disclosed it had bought a total of 540 million Hutchison Trust units since its listing in Singapore.
'As the total number of units which had been over-alloted in connection with the offering has been fully covered by the purchases made under the price stabilising action,' Deutsche will not exercise the over-allotment option granted by Hutchison Trust.
Hutchison Trust, which owns ports in Hong Kong and Shenzhen, is controlled by Hong Kong billionaire Li Ka-Shing's Cheung Kong Holdings. -- REUTERS |
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Time for this counter to drop lor, hahaha
No more stabilizing manager to help.
katak88 ( Date: 14-Apr-2011 01:43) Posted:
Business Times - 13 Apr 2011
Hutchison Trust falls as price stabilisation ends
SINGAPORE - Units of Singapore-listed Hutchison Port Holdings Trust fell as much as 3.1 per cent on Wednesday after Deutsche Bank said it has ended moves to stabilise the share price, traders said.
At 0340 GMT, Hutchison Trust was 2 per cent lower at S$0.96 with about 51.9 million units traded.
The trust's stabilizing manager Deutsche Bank said late on Tuesday that it will stop price stabilisation action. The German bank also disclosed it had bought a total of 540 million Hutchison Trust units since its listing in Singapore.
'As the total number of units which had been over-alloted in connection with the offering has been fully covered by the purchases made under the price stabilising action,' Deutsche will not exercise the over-allotment option granted by Hutchison Trust.
Hutchison Trust, which owns ports in Hong Kong and Shenzhen, is controlled by Hong Kong billionaire Li Ka-Shing's Cheung Kong Holdings. -- REUTERS |
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hph now 96.5ozone2002 ( Date: 13-Apr-2011 10:54) Posted:
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Singapore Economic Growth Quickens, Prompting Tighter Policy
Singapore’s economy grew more than twice the pace economists estimated in the first quarter and the central bank said it would allow further gains in the currency in the third tightening of monetary policy in a year.
http://www.bloomberg.com/news/2011-04-14/singapore-allows-faster-currency-gains-as-gdp-grows-twice-estimated-pace.html
Business Times - 13 Apr 2011
Hutchison Trust falls as price stabilisation ends
SINGAPORE - Units of Singapore-listed Hutchison Port Holdings Trust fell as much as 3.1 per cent on Wednesday after Deutsche Bank said it has ended moves to stabilise the share price, traders said.
At 0340 GMT, Hutchison Trust was 2 per cent lower at S$0.96 with about 51.9 million units traded.
The trust's stabilizing manager Deutsche Bank said late on Tuesday that it will stop price stabilisation action. The German bank also disclosed it had bought a total of 540 million Hutchison Trust units since its listing in Singapore.
'As the total number of units which had been over-alloted in connection with the offering has been fully covered by the purchases made under the price stabilising action,' Deutsche will not exercise the over-allotment option granted by Hutchison Trust.
Hutchison Trust, which owns ports in Hong Kong and Shenzhen, is controlled by Hong Kong billionaire Li Ka-Shing's Cheung Kong Holdings. -- REUTERS |
More room to fall, I'm afraid. Super Li is not likely going to buy his own trust. He sold to raise money why buy to support ? It's not like common shares where he is the majority shareholder. Bros, trust/reits are different from shares. I see mid-80's. Local buyers will realise that this trust got too many factors to worry about. First, it's in US$ (and the US$ is still dropping, not like some ppl think it will rise). Secondly, it pays it's trustees in HK$, another currency that is weakening. Two way rape.
Quantico ( Date: 13-Apr-2011 11:11) Posted:
| No more stabilization buy back. Time for price to find its real level. |
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No more stabilization buy back. Time for price to find its real level.
Yes sir, you are spot on
ozone2002 ( Date: 13-Apr-2011 10:54) Posted:
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HPH..buy 95c!
Don't pray-pray, Super Li is monitoring his shares......
may be can reach above ipo price...
alianto1969 ( Date: 31-Mar-2011 16:43) Posted:
| Huat ah and USD going up too hehehehe. ABNORMAL times i like it. Cheong ah!
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Huat ah and USD going up too hehehehe. ABNORMAL times i like it. Cheong ah!
and if the Usd strengthens, the buyer wins.
surely no ones buy a stock with the expectation of a downside. We buy it with the expectation of an upside.
AnthonyTan ( Date: 25-Mar-2011 14:24) Posted:
FYI, if the US$ is weak, u end up losing money.
The broker will convert yr S$ to US$ when u buy.
On selling, yr broker will convert yr US$ to S$.
Pl. note foreigh exchange loses. |
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the job of stabilizing manager is to cushion the price when it fall. If it manages to go up, why control it? unless u r short
The SGX should delete the stabilizing manager role
so that investors will have a level playing field.
Be transparent and let mkt forces take it own course.
This is a clear cut of big fishes eating the small fishes.
When IPO listed, the stabilizing manager will quickly
stabilizing the px. when the px. fall. If the px. shot up
alot the stabilizing manager will not bring it down,
do they????????
Imagine a banker playing poker with you.
End of the game, who will win????????
Walau, DB the stabilizing manager is laughing all
the way to the bank lol
