I bought 30 lots at 29.5cts, that's the lowest I could get, he..he..

On this rights issue, I think I will sell off 100 lots at $1.1 & buy back 100 rights allocated to me, that will give me a profit of $30,000.

your on the right track :)

Anyway Just Buy the rights and enjoyed the free ride. BUY & HOLD is the only 2 smart options now :)

Huat 8888

TP: $1.6 - $2.0 

no. CDP is not there to trade for anybody. You hv to trade yourself.

if you are still holding on to your share & do not wish to subscribe the rights shares, then it's best you sell your rights between 28Sep till 6Oct, this is to realise profit/capital gain immediately as the rights shares is given to you at no cost (in order to compensate for the dilution of your own current shares holding). Calculate yourself how many rights shares you would have been allotted. As per the announcement, the book closure date (XDate) stated is 23Sep, that means after 23Sep, you will probably receive in your mail a notice how many rights shares your are entitled to & have been deposited to your cdp acc. Otherwise you can check online via your cdp account of the finalised number, keep checking either on 24, 25th or 28Sep.

There will be a separate counter for this rights shares. Check with your remisier if you are not sure. You can trade:

(a) call up your remisier & instruct him/her to sell your rights shares at a price you want, check the price movement between 28Sep till 6Oct.

(b) you can trade yourself via your usual online trading, ONLY IF it is not odd lot. For odd lot, you will still hv to go thru your remisier as odd lot has its own 'odd lot mkt'.

hope this helps.

The best part is to sell B4 the news (above $1.19ct), cos after the news many can still wait to get trap, while for some can wait till for ex-right ps, then again start all over again, this time calling for, just imagine Genting Sp getting the license will do and rumour will allow retail players to start chasing those prices till another 50% to 100% higher then their price, then let go again.

The low of Genting is around just 0.60 + to 0.63ctfor the last round. 

Those bot beyond $1.19, very Jialat, those bot below $1.19, oso jialat, those bot lees than $1.00 is ok only, strike px offer is 0.80ct. 5 for 1 (not free), 0.80 cents lehh. Knowing for 4 days run up till $1.24 cent and don't know what can happen next couple of days, as owner. i will oso call for right (all been pre-prepare), but if i am owner. I can oso call for placement of shares to BBs, (better for me)

Imagine bot 5 lots for $1.19ct ($5,950), pay another $800, total is 6,750/6 lots (average is $1.125 ct). one have to pray hard px don't drop below $1.25 ct (lose money liao)

Genting wanted to raise funds. The 8 Bank know it to make the right issue work, they have to maintain the price discount margin otherwise no one will purchase the rights.

1) Upbeat of the economy and Casino business turn around has rise the Revenue Forecast for Genting Int. Its no long a shaky investment compare to 6 months ago.  The Licensing news will be announce pretty soon. 

TP: $1.60 - $2.00 within 6 months from now

HUAT ah. 8888

Same concern here, if i holding 20 lots, then am i entitle to purchase 5 lots of Genting right? Hows the progress look like?

Please advise.

People's memo is very short, chase share till high, high, then Lim the owner let go, prices drop to 0.62ct / 0.63ct.

Now chase price till $1.24ct and call for right at 0.80ct, so take those bot high, high, take care for next round to come. those BBs long oredi took their money liao, now oso want to buy cheap, cheap liao.