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fortunegal
all shares have risks,but generally,infrastructural shares are more defnsive.
During 1st day of trading in Cityspring at 2pm, I was delay somewhere else by my work, went in at 2.10 mins but too late, the price rose from 1.35+ to 1.47 in just 10 mins! Now I learn my lesson, any protential IPO 1st day trading,when opening sharp at that timing, I should start to key in the buying price, and probaby can get a better bargain. I am still holding 3lots of 1.47... with all these correction yesterday, glad that CTSpring is not affected (due to BBs' support).
I am following this forum on cityspring, thanks to all who shared the information.
CTSpring closed at $1.50c, down 5c on regional mkt recent record high, on profit plus BBs buying power support.
Expecting revisiting $1.55c again and beyond to 1.60c
Expecting STI to revisit 3,200 again
Me no expert just many of us here. I think it is very difficult to list national assets like gas. water, electric, power, telegraph lines, railway tracks, hydro power dams, etc that are essentials to the country. If such assets get listed sway sway get control by some hedge funds/foreign funds eg ShinCorp...oops. Hence I think one way to 'monetise' such assets is via a Trust. No other person better thanTemasek who will give full backing/guarantee. As mentioned such trust must be view like a reit, collect dpu n yield play. There are some countries who allowed the private sector to carry out infrastructure activities so that govt is in the biz of managing the state and not competing with that engineering company doing the building up, etc. Perhaps by creating a trust some countries will feel safe with monetising their infrastrucure better than privatise nor nationalise state.It is the first listed infrastructure biz and all of us have yet to see how things pan out. I think to start with will be our local assets. The potential of injecting into a Trust causes its prices to move higher just like reits whose assets are not owned by us. Yield is ard 3ish% -reasonable.
Hi All;
Just want to ask for the advice.
Atm I am quite dumbfounded when this counter price is rising.
I can understand that CRCT px is increased when they injected new asset since there is a possibility of asset appreciation and rental increased.
However I do not see that it is the case for City Spring since the price of water and gas will be heavily regulated by Authority. The land price might increase, but what for ? U can't sell infrastructure that is strategic to one country that easy.
In the case of Hyflux injecting a new asset to City Spring trust; hmmm I believe ppl that in the market long enough should know one of the reason Hyflux px stagnating at the moment.
If I remember correctly last year Hyflux is having a major hiccup/delay in one of the project in China. If you are in the project line, you should know what will happen to the quality of the project that facing a hiccup/delay, esp if the project done in China.
At the moment TA-wise City Spring is very tempting and actually I might consider to go in as defensive play. However FA wise I can not convince myself yet to dip in.
Any shifu in here that can advice on the FA-wise prospect ?
Can the expert advice me
Warrant Watch ST paper Feb 27, 2007 read page H21 - MONEY
Sparkling Debut for CitySpring Contract..... Yahoo liao..Green
Today CTS infarstruture Trust +3 cents to $.155 cents on more then vol 13 mil shares traded.
Warrant Watch ST paper Feb 27, 2007 read pg H21 - MONEY
Sparkling Debut for CitySpring Contract.....
Investers interest in CTS Infarstructure Trust is so keen that a covered warrant has been issued on the counter, just after two weeks after company listed it on S'Pore Exechange.
Macquarie Bank, which issued the contract, said that "investers seeking a leveraged exposure to CTS may consider the call warrant" instead.
And on its trading debut yesterday, 2.66 mil Maquarie warrants on CTS changed hands, trading at between 16.5c to 20 cts.
The warrant offers a cheap way to gain exposure to CTS, which has shot up by 71% from its issue px of 0.89c
An invester will need teo warrants plus the stike px os $1.75c to exch for one CTS Infarstruture Trust share & warrant expires in Sept. Yesterday, CTS stock rose two cts to $1.52c on 9.3 mil shares done.
CTS is 1st Infarstruture Trust tobe listed in S'Pore giving investers access to long-term, regular and predictable cash flows generated from assets.
Initial portfolio is made up of 100%-City Gas (producer & retailers of S'pore town gas and 70% of SingSpring Trust, the sole supplier of desalinated water to the PUB.
It also aims to position itself as a leading infarstruture play in Asia, by achieving growth through acquisitions
Goh Eng yeow (engyeow@sph.com.sg)
Int'l Finance Corp (IFC), the private sector investment arm of the World Bank.
just a reminder and oso FYI:
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In City Spring's prospectus, it is already indicated that Hyflux has offered City Spring the right of first refusal for its portfolio of projects in China, under its sinospring subsidiary.
If you look at hyflux's website, under China, you can see that they have approx 260m worth of municipal projects under BOT with concession of 20-30 yrs, which might possibly be injected into City Spring, when they are completed and under the right conditions (ie right yield)
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This will be a $2.00 counter when they acquire more assets or announce better results. Sold on 1st day of trading. Cannot wait to get my kopi$$$. Cheers for all vested. Downside limited.
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*Notes this especially SINOSPRING*
Temasek has the 1st Say as far as CTSpring infarstruture Trust
Earlier this year, S'pore's water-treatment group Hyflux also announced an IFC investment of up to US$20 mil in SinoSpring, a Hyflux joint-venture Coy that undertakes projects in China.
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FYI: Feb 27, 2007 Sept IPO at 0.65c, now traded at $1.84 c
Published Aug 26, 2006 (FYI: Another hyflux in making)  | US$10m IFC boost for Epure ahead of its listing here
By CHEW XIANG |
EPURE International, a water-treatment specialist in China which is planning a Singapore mainboard listing, has received a US$10 million investment from Int'l Finance Corp (IFC), the private sector investment arm of the World Bank.
The preliminary prospectus lodged with the Monetary Authority of Singapore (MAS) yesterday shows IFC has a pre-IPO stake of 13.4 per cent. 'Post-listing, IFC will retain a substantial shareholding,' said Epure.
Francisco Tourreilles, director of IFC's infrastructure dept, said: 'IFC's investment in Epure will support the development of China's water and wastewater sector and will contribute to public health and environmental improvements for the country's population.'
Epure chairman Wen Yibo said: 'IFC's investment is a strong endorsement and testament to the high standards of water and wastewater treatment technologies that we currently possess. It is also a major recognition of our high standards of quality and commitment to environmental protection.'
*Notes this especially SINOSPRING*
Earlier this year, S'pore's water-treatment group Hyflux also announced an IFC investment of up to US$20 mil in SinoSpring, a Hyflux joint-venture Coy that undertakes projects in China.
Above posted for your info...
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Supplies will fall short driving for more, for price to be up couple with BBs interest...plus Temasek just successfully ipo this at 0.89c. Good news coming oso....advise to hold. My personnal humble opinion only.
| Date of change of Deemed Interest |
14-02-2007 |
| 2. |
Name of Registered Holder |
Discretionary funds managed by UOB Asset Management Ltd |
| 3. |
Circumstance(s) giving rise to the interest or change in interest |
Open Market Purchase |
| |
# Please specify details |
| Open market purchase by UOB Asset Management Ltd for client portfolios managed on discretionary basis. | |
Just for info only......
Glad to see small retailers coming out to support CTSpring.
Me too, holding two lot from ipo, plus 8 lot bot from open at $1.53c, so my average $1.4025cts, not selling, will try to keep it for my next CNY angpow
UOB asset mgnt bot 150,000 shares at $1.53c to further added more into their portfolio (FYI). see sgx.com.sg
Am still holding 1 IPO lot and 4 other market bought lots and don't intend to sell. BBs wanna buy my 5 lots must give me a good price :)
Am still holding to my one lot 0.89
I am still holding at 1.43 2lots :)
strike price is about $2 (1.75+ 0.414 = $2.164), $2 by sep?? hmm...
"Macquarie is issuing covered warrant for CitySpring. Trading on 23 Feb 07
Issue price of each warrant : 0.207 Conversion Ratio : 2
"Exercise price of $1.75 for every Two warrants"
Warrants / Convertible Securities
CITYSPRING MBL ECW070912
Last Date/ Time to submit Subscription Notice 12 SEP 2007 05:00 PM
Listing Date 26 FEB 2007
Expiry Date 12 SEP 2007
Price ($) as at 2007-02-23 0.000
High for the year ($) 0.000
Low for the year ($) 0.000
High for the month ($) 0.000
Low for the month ($) 0.000
Exercise Price SGD 1.75000
Underlying Stock CITYSPRING INFRASTRUCT TRUST
Underlying Stock Price ($) as at 2007-02-23 1.500
Conversion Ratio 1 share(s) : 2 warrant(s)
Cash ($) 0.000
Premium/(Discount) (%) (Cash)
Premium/(Discount) (%) (Bonds)
Gearing (x)
Remarks
Warrant Agent
Name MACQUARIE SECURITIES (SINGAPORE) PTE LTD
Telephone No.
Fax No.
Address 11TH FLOOR, CAPITAL SQUARE
23 CHURCH STREET
SINGAPORE 049481"
Three days has past liao and px did't fall to 1.4 or 1.45 stuck at 1.5 lehh...See Monday How ??. maybe wait, maybe wait long long see see can or not, my humble advise don wait too long as bank is calling and making warrant for ppl's to chase the px up... again would like to mentioned bank loaded up and may contiune to do so if px is still attractive to them.
Small lot holders and ipo holder, if U still able to hold hold Ahh....Hope to see more small holder say i am still holding.......at 0.89c
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Getting some ground feeling from other forum that CTS is going to spring up with call warrant and cover warrant, plus coversion into mother share. look to spring up eventually from 1.5, 1.6 to 1.7 and even above 2 (in 3-6 mths time) as all what ever warrant issue, cover warrant (covered) is done by bank and bank is v.rich and when warrant run out of date, eventually px will close higher then now beco's again bank is holding a lot of shares now at 1.5 on average and
No bank will back a lossing horse |
