hahaha this is special counter; when the rights shares get listed, it wont go down; instead it wl go up !! Why ? bcos the free-float is little n insiders hv to mop frm market at higher premiums
chinhoe...I also hope that it is the case :) but I also have to cautious everyone that base on my past experiences, usually when new shares are floated, the price when down. Just need to keep that in mind
Take fund manager's R&D with a pinch of salt... put some MoS from their price. Be a little conservative and if goes above your price, you'll be happy, otherwise you'll disappoint yourself more
Yes, it would be, coz with the new shares (conversion from rights), there will be dilution of shares... so the run up in price now also has to factor in 5 day average prior to rights listing...
D current price already is ex RI so adjusted already when went ex RI... no more adjustment for RI anymore... as to whether thr will b drop in price due to more shares available now... it all depends on whether ppl take profit.... but remember thr is d BI pending to support d price... not to mention d project... furthermore if d co is under valued ie 1.89 vs 3.00.. it might not drop...
O... i tot u sold cos u tot d price were pushed up for RI n wil drop... but d price didnt go down ... so u were lost for an explanation.... well good for u tat u hv not sold...
Jennylee.... apology.. my A to ur Q was way too long..... tat has always bin d case whn girls ask me a Q... anyway ur Qs r difficult to answer n basic at d same time.... suggest u go read up some investment books first.... anyway i m around... can ask me later la...
aiyo..I explained many time already..is due to the new shares floating in the market. certainly will be some downward pressure but to what extend...we shall see. You already seen some on last friday.
new shares will only start floating Aug 1st right? on Thurday u asked to belt up for the ride up., now you say downward pressure. So will the 2.5 TP be reached short terms?
Yes float on aug 1 but nothing stopping people from selling now as they have their mother share still. That's the part which is uncertain, you don't know if they will sell or not. I am just saying chances is low but looking at last friday, I anticipate it will go past 1.95 but it seems like some selling pressure. So, this week I think we need to be cautious but then I am in for long term I wont care if is down temporary.
Posted by crawler > Jul 29, 2013 07:47 AM | Report Abuse
Yes float on aug 1 but nothing stopping people from selling now as they have their mother share still. That's the part which is uncertain, you don't know if they will sell or not. I am just saying chances is low but looking at last friday, I anticipate it will go past 1.95 but it seems like some selling pressure. So, this week I think we need to be cautious but then I am in for long term I wont care if is down temporary.
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crawler
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Posted by crawler > 2013-07-26 10:47 | Report Abuse
tp 2.50...my target is higher...but you have to judge what's your risk appetite