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New Century Ship book making offer at $1.19
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Their bowl of noodles short of two meat balls.
teeth53 ( Date: 04-May-2010 23:13) Posted:
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So this is their truth color. Big, big boys also "really Taboh leh Tahan them" They must show their principle, instead of their true color. So now DBS has broken once again, record for last hour abortion.
"Durain Ai Pao Chai" will this mean for others listed one to chiongg AhHHH.....
Posted May 3, 2010.
That true, most of those recently IPO listed dun float above water and for some fair even worst.
This is a big ship and only mean for institutional funded and even if it float downward, they are able to buy/sell and trade as accordingly with all their available funds.
Posted May 2, 2010
Or will it be like this one?. Drive / dive like a sub. This NCS is mean for BBs institutional fund to vest, buy/sell or vest, open to retail play after IPO-ed is cheaper rather then get stuck. Stag
wishbone ( Date: 04-May-2010 22:34) Posted:
This one is like buying Durian. Want "Pao Chia" one if not, call it quit.
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So this is their truth color. Big, big boys also "really Taboh leh Tahan them" They must show their principle, instead of their true color. So now DBS has broken once again, record for last hour abortion.
"Durain Ai Pao Chai" will this mean for others listed one to chiongg AhHHH.....
Posted May 3, 2010.
That true, most of those recently IPO listed dun float above water and for some fair even worst.
This is a big ship and only mean for institutional funded and even if it float downward, they are able to buy/sell and trade as accordingly with all their available funds.
Posted May 2, 2010
Or will it be like this one?. Drive / dive like a sub. This NCS is mean for BBs institutional fund to vest, buy/sell or vest, open to retail play after IPO-ed is cheaper rather then get stuck. Stag
wishbone ( Date: 04-May-2010 22:34) Posted:
This one is like buying Durian. Want "Pao Chia" one if not, call it quit.
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This one is like buying Durian. Want "Pao Chia" one if not, call it quit.
Please take note:
http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/2FFF57144BF66B864825771600173DF0/$File/NC_final.pdf
Investors applying for Offering Shares by way of application forms or electronic applications (both as referred to in the instructions booklet entitled “Terms, Conditions and Procedures for Application for the Offering Shares under the Public Offer”) in the Public Offer will pay the Maximum Offering Price on application, subject to the refund of the full amount or, as the case may be, the balance of the application monies (in each case without interest or any share of revenue or other benefit arising therefrom and without any right or claim against us or the Joint Bookrunners), where
(i) an application is rejected or accepted in part only,
(ii) the Offering does not proceed for any reason or
(iii) the Offering Price is less than the Maximum Offering Price for each Offering Share.
Investors applying for the Placement are required to pay the Offering Price. The Offering Price will be determined following a book-building process by agreement among the Joint Bookrunners.
Our Company and the Over-allotment Option Grantors on a date currently expected to be on or about May 5, 2010 (the “Price Determination Date”), which date is subject to change.
If for any reason the Offering Price is not agreed among the Joint Bookrunners, our Company and the Over-allotment Option Grantors, the Offering will not proceed.
Notice of the Offering Price will be published in one or more major Singapore newspapers such as The Straits Times, the Business Times or Lianhe Zaobao not more than two calendar days after the Price Determination Date.
WITHDRAWAL OF INITIAL PUBLIC OFFERING OF NEW CENTURY SHIPBUILDING LIMITED
Unless otherwise defined herein, terms defined or construed in the prospectus of New Century
Shipbuilding Limited dated April 30, 2010, have the same meaning and construction in this
announcement.
New Century Shipbuilding Limited (the "Company") wishes to announce that it has decided not to go ahead with its planned initial public offering ("IPO") on the SGX-ST at this time.
The Company intends to review the situation and will consider joining the SGX-ST at an appropriate
time in the near future.
All applications are deemed withdrawn and cancelled and application monies (without interest or any share of revenue or other benefit arising therefrom) will be refunded to the applicants within three (3) market days after this announcement. Application monies received via electronic applications will be refunded by crediting the applicants’ bank accounts with the relevant Participating Bank. Application monies received in conjunction with the printed application forms will be returned by ordinary post to the applicants at their own risk.
They are offering half of what is intended. Indicative final price is, in at around May 5, 2010.
http://sg.news.yahoo.com/rtrs/20100412/tap-newcentury-ipo-c3bb44c.html
New Century has set an indicative price of S$0.98 to S$1.19 a share and
plans to sell 1.464 billion shares which could raise between $1.025 billion to $1.244 billion, according to the sources with direct knowledge of the deal. At the top end, that would equate to around S$1.74 billion.
The indicative price will give the Chinese shipbuilder a price-to-earnings ratio of 7 to 8.5 times 2010 estimated earnings, one source said.
teeth53 thot - this two days down, look bad for this week as well. Dive like a Sub liao.
- Do not forget they also have allocation clause in case is over and fully subscribe.
That true, most of those recently IPO listed dun float above water and for some fair even worst.
This is a big ship and only mean for institutional funded and even if it float downward, they are able to buy/sell and trade as accordingly with all their available funds.
ah_seng1001 ( Date: 03-May-2010 00:19) Posted:
Statistics have shown that newly IPO stocks will drop below their IPO price with nearly 80% certainty after 1st trading week.. cos those big boys n institutions holding on to the stock will be free to dump it.. cos under IPO listing rules, substantial stock holders have to hold on for a cetain period..
Anyone remembers MARY CHIA IPO.. hit high of 0.40.. can't even smell this counter now.. |
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BUY and CAVEAT EMPTOR.
teeth53 ( Date: 01-May-2010 18:39) Posted:
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Statistics have shown that newly IPO stocks will drop below their IPO price with nearly 80% certainty after 1st trading week.. cos those big boys n institutions holding on to the stock will be free to dump it.. cos under IPO listing rules, substantial stock holders have to hold on for a cetain period..
Anyone remembers MARY CHIA IPO.. hit high of 0.40.. can't even smell this counter now..
LOOK AT JES
IPO AT 67 cts
NOW 22 CTS
ASK MGT TO EXPLAIN GREAT LOSS AFTER SO MANY YRS..
LOOK AT JES - DON;T BUY IPO IF POSSIBLE
CHANGE YOUR MINDSETs ABOUT IPO
READ SOMEWHERE THAT IPOs ARE VERY DANGEROUS STOCKS ACTUALLY........ !!!!!
NORMALLY SUCH IPO IS TO TAKE YOUR MONEY AT HIGH PRICE !!
Or will it be like this one?. Drive / dive like a sub. This NCS is mean for BBs institutional fund to vest, buy/sell or vest, open to retail play after IPO-ed is cheaper rather then get stuck.
Stag
Noted - Please be aware SGX is doing a house cleaning on S-chip, for eg - delisting of certain stocks that is not performing to par.
TWO TiGER SHARKS
enOugh fOr STi OCEAN
THREE is a CROWD ? ? ? ?
Update -
Were one of the largest shipbuilding grps in PRC, ranked 5th domestically and 13th among shipbuilders worldwide in terms of order book measured by deadweight tons (“DWT”). We are also ranked first amongst privately owned PRC shipbuilders in total DWT delivered from 2005 to 2009.
Underwater - What it's like to…
drive a car underwater. Thu Oct 29 19:58 by
Ben Pulman
This may look like a Lotus Elise sinking to a watery grave, but it's actually a fully working underwater car and we've, er, dived in it. http://sg.drivesmart.yahoo.com/drive-smart/article/118/
Generally, the moral of the story is, issuing IPO at the not so favourable timing, ie May of yr, debt crisis at Euro, not as well known as Cosco n Yzj, and finally not so good response on preceeding IPOs. Wat else?
aiyo.....I did not give you the bad post.....but dont look at IPO in this manner....by chance.
I will not buy this IPO because they are selling a 14cts stock for a massive 1+ dollar!!!!
Duilation is 77.56%.....I quite sure they will be selling submarine after IPO....the stock I mean.....
Take care....
Moneysense ( Date: 01-May-2010 21:13) Posted:
| Most of the IPOs have gone underwater. Don't have confidence on this one. |
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Most of the IPOs have gone underwater. Don't have confidence on this one.
New Century Shipping may be a large Shipping Building Company in China but IPO is only 560million + shares (US$560million) and only 8 million + shares offered to public.
What does this mean? Just Register a name in Singapore, thats it?
We are expecting US$1.2 BILLION shares public offering a few weeks ago.
China's New Century eyes $US1.2bn Singapore IPO
QUICK SUMMARY | FULL STORY
Reuters
SINGAPORE - China's New Century Shipbuilding is looking to raise up to $US1.24 billion ($A1.33 billion) in its Singapore listing, two sources told Reuters, the biggest IPO by a Chinese company on the city-state's exchange.
WLBO_BB ( Date: 01-May-2010 18:42) Posted:
| this one must long big big.. |
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