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521-540 of 1873
I think they did not raise enough money of this right issue placement. maybe more replacement in next couple of months. more placement will dilute the mother share price.
Genting....... CHEONG AH!!!!!!!!!!!!
drop of 12 cents !!! not very good, may drop further.
Sorry... the earlier posting has a bit of problem when I included the attachment below. Any comments on the issue price? I think it is fairly reasonable.
Genting Announcement:
RENOUNCEABLE UNDERWRITTEN RIGHTS ISSUE OF UP TO 3,887,042,692 NEW ORDINARY SHARES OF PAR VALUE US$0.10 EACH IN THE CAPITAL OF THE COMPANY (THE ?RIGHTS SHARES?), ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY FIVE (5) EXISTING ORDINARY SHARES OF PAR VALUE US$0.10 EACH IN THE CAPITAL OF THE COMPANY (THE ?SHARES?) HELD BY SHAREHOLDERS (THE ?RIGHTS ISSUE?)
- RIGHTS ISSUE PRICE
We refer to the announcement made earlier today by Genting International Public Limited Company (the ?Company?) in relation to the above. The Board of Directors of the Company (the ?Directors?) is pleased to announce that the issue price for each Rights Share has been fixed at S$0.60 per Rights Share (the ?Issue Price?), payable in full on acceptance and/or application. This represents a discount of approximately 31.8% to the last transacted price of S$0.88 per Share today, being the last trading day of the Shares on the Singapore Exchange Securities Trading Limited prior to the determination of the Issue Price. Ex-rights trading of the Shares shall commence on 15 August 2007.
RIGHTS @ $0.60
Good Morning fellow gentiles, the rights issue price is.... $0.60. That should help Genting raise a total of $2.3 Billion
Genting Announcement:
RENOUNCEABLE UNDERWRITTEN RIGHTS ISSUE OF UP TO 3,887,042,692 NEW ORDINARY
SHARES OF PAR VALUE US$0.10 EACH IN THE CAPITAL OF THE COMPANY (THE ?RIGHTS
SHARES?), ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY FIVE (5) EXISTING
ORDINARY SHARES OF PAR VALUE US$0.10 EACH IN THE CAPITAL OF THE COMPANY (THE
?SHARES?) HELD BY SHAREHOLDERS (THE ?RIGHTS ISSUE?)
- RIGHTS ISSUE PRICE
We refer to the announcement made earlier today by Genting International Public Limited Company (the
?
The Board of Directors of the Company (the ?
each Rights Share has been fixed at
acceptance and/or application. This represents a discount of approximately 31.8% to the last transacted
price of S$0.88 per Share today, being the last trading day of the Shares on the Singapore Exchange
Securities Trading Limited prior to the determination of the Issue Price. Ex-rights trading of the Shares
shall commence on 15 August 2007.
Company?) in relation to the above.Directors?) is pleased to announce that the issue price forS$0.60 per Rights Share (the ?Issue Price?), payable in full onAh.. I think sooner or later this retirement age number be a part of MAS Monthly Statistical Bulletin reflecting the SG economy. hahaha.
I am sure Genting will 'fly' for you within the two years. :)
Apply for leave if Genting annoucement worries you. Think about it. If you can make more with Genting just for tmr then what you are paid a single day, then I say jus apply leave.
Jus curious... Why 67 yrs old?
|
PURCHASED |
5 LOTS |
RIGHTS |
3 R |
TTL |
X RIGHT |
RIGHTS |
3 R |
TTL |
X RIGHT BREAKEVEN |
RIGHTS |
3 R |
TTL |
X RIGHT |
|
0.9 |
$ 4,500 |
0.5 |
$ 1,500 |
$ 6,000 |
$ 0.7500 |
0.6 |
$ 1,800 |
$ 6,300 |
$ 0.788 |
0.7 |
$ 2,100 |
$ 6,600 |
$ 0.8250 |
|
0.89 |
$ 4,450 |
0.5 |
$ 1,500 |
$ 5,950 |
$ 0.7438 |
0.6 |
$ 1,800 |
$ 6,250 |
$ 0.781 |
0.7 |
$ 2,100 |
$ 6,550 |
$ 0.8188 |
|
0.88 |
$ 4,400 |
0.5 |
$ 1,500 |
$ 5,900 |
$ 0.7375 |
0.6 |
$ 1,800 |
$ 6,200 |
$ 0.775 |
0.7 |
$ 2,100 |
$ 6,500 |
$ 0.8125 |
|
0.87 |
$ 4,350 |
0.5 |
$ 1,500 |
$ 5,850 |
$ 0.7313 |
0.6 |
$ 1,800 |
$ 6,150 |
$ 0.769 |
0.7 |
$ 2,100 |
$ 6,450 |
$ 0.8063 |
|
0.86 |
$ 4,300 |
0.5 |
$ 1,500 |
$ 5,800 |
$ 0.7250 |
0.6 |
$ 1,800 |
$ 6,100 |
$ 0.763 |
0.7 |
$ 2,100 |
$ 6,400 |
$ 0.8000 |
If you bought at 88 cts, assuming right issue price is 50 cts, the breakeven pt to make a gain should be 73.75cts after Xright. Anything below this price is a loss. If the right issue price is 60 cts, then the breakeven pt is 77.5 cts after Xright & so on. Those who know the right issue price upfront will sell the mother share first & buy back below breakeven pt .It is very unfair for men in the street like us who is always in a disadvantage side. Without knowing the right issue price first, one would not know the breakeven price to buy back & so might buy back at above the breakeven price.