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Genting Sing
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GenSp starts to move up again
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teeth53
Supreme |
11-Sep-2009 14:28
Yells: "don't learn through life, learn to grow with life " |
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jonathant
Member |
11-Sep-2009 14:14
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...for the newbies, ...my 2cents worth….At this stage, some are worried why price moves against expectation, especially after the good vibes then the rights announcement, then the mixed/-ve news & whatnot… Closing price on 9Sep $1.19, rights offer price $0.80, 1rights for 5. Theoritical XR Price, Formula 5 x 1.19 + 0.80 divide by 6 (1+5) --> 1.125, round up 1.13 Expected to see price hovering around this as most people use this as a guide to trade
Genting expected to trade X Rights on 18Sep09, Friday, 9am The XRights price may change according to close price on 17Sep Assumming close price is 1.13, --> XR price on 18Sep will be 1.075, round up 1.08 Assumming close price is 1.21 (latest high), --> XR price on 18Sep will be 1.14
Example, Your current holding: 10000 unit Your entitlement, Rights Shares (10000/5) : 2000 unit If you don't subscribe (some think too troublesome) but still wanna hold current shares for long term Sell your rights shares between 28Sep-6Oct, assuming it open at 0.1, your immediate realised cap gain/profit, 0.1 x 200 rights shares $200
Moving forward, factors that will affect the price movement include but not limited to: (a) Rights shares expected issue dt 20Oct, tradeable 21Oct, meaning there'll be more shares in the mkt by 21Oct, estimate additional 1930million shares (if the rights shares are fully subscribed), these add shares cost price is $0.80, expect profit taking (b) Bonds converted & ESOS exercised, & their rights shares subscribed, expect profit taking And, any plus side will be based on: Any further news announcement such as gaming licence, acquisition. Local, regional & global market sentiment If you are long term investor, just ignore everything, set your own TP, simply. |
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risktaker
Supreme |
11-Sep-2009 14:06
Yells: "Sometimes you think you know, but in fact you dont" |
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Soon will Eat up :) Relax ah HUAT AH 8888 TP: $1.6 - $2.0 - 6 Months from now |
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dcang84
Veteran |
11-Sep-2009 13:46
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Some cannibalization is expected with more punters doing it at their own backyard. If u look at the STPB data on tourism, the bulk of visitors are Indons. Singapore is already a playground for the rich and having a casino makes it complete. For the man in the streets there's always horseracing.
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loushare
Member |
11-Sep-2009 12:53
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hi kogepan, referring to yr statement : The truth is that we (Singapore) have never failed to pull a crowd, a good example is winning rights for the F1 and aerospace fairs and exhibitions. I think this is definitely one good one to have in your portfolio. F1 and all the fairs are just for few days. we are talking 350 days a year, can it subtain. look at F1, the nostalgic has gone down, the tickets can be easily obtained now, i have received a few sms from banks and car dealers offering to get for me as the sale of tickets is slow. |
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kogepan
Member |
11-Sep-2009 12:33
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I think you meant 12 lots with an average of $1.075.  I find the equation for vice very simple, vice never fails to attract. Singapore has allot to offer in terms of service convenience and feel good factor for the high rollers. Almost everyone is also always up for experiencing the next big thing. We are involving very experienced operators in the gaming side of the IR's. I don't believe there will be a problem with gaming revenue. It will be there. The true question is if it will be able to make a success out of all the other operations of the IR ie hotel occupancy etc... occupancy for some of the top hotels here can be quite low in times of deep financial crisis. Let us also not forget that the bigger you are the more overheads you got to cover. The truth is that we (Singapore) have never failed to pull a crowd, a good example is winning rights for the F1 and aerospace fairs and exhibitions. I think this is definitely one good one to have in your portfolio. |
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teeth53
Supreme |
11-Sep-2009 11:52
Yells: "don't learn through life, learn to grow with life " |
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Today (Fri) an another 30minutes to go....Genting SP is drifting down to....Bot at $1.13, 10 lots = $11300, less COMMISSION + 2 rights at 80cts = ($11300 + 1600) will be $12960 (Total 14 lots after ex-right. Breakeven $1.075... PRICE WILL DEFINITELY DROP slowly but surely due to dilution of shares in market.
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Sporeguy
Elite |
11-Sep-2009 11:52
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The 4 vices : du, biao, he and smoke usually go together with at least 2 vices at one time. GB has designated non-smoking area for gamblers, but there is no strong enforcement. I presume GS will also have non-smoking areas for non-smokers (but the air are still circulated but lower density of smoke). But as spore govt are stickler to rules and sporean are complain queens & kings while the hardcore gamblers are generally also hard core smokers --- this will result in different interests, who win ? | |||||||||
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dealer0168
Elite |
11-Sep-2009 11:17
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AnthonyTan
Elite |
11-Sep-2009 11:11
Yells: "patience" |
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Where are the rich ppl coming from to gamble in Spore.They have many choices. Why should they come to Spore.What are the advantages to entice them to come. Anyway, the casino has not open yet, but many are gambling in this counter. hahaha, cheers and good luck |
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dcang84
Veteran |
11-Sep-2009 11:02
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This won't be the last time. As long as 'investors' and punters are willing to chase it up,they'll do it again and again.
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joshlai86
Veteran |
11-Sep-2009 10:46
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With ref to the article posted, I think it does make sense. Though I believe the attractions and entertainment of the IRs will be a success, attracting MICE and families to the IRs, but the high rollers might not, because of the squeaky clean image of S'pore. Therefore, the tourist numbers will rise, but not the gambling revenues. In my opinion, gambling revenues will not be very fantastic. | |||||||||
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Sporeguy
Elite |
11-Sep-2009 10:37
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The only consolation is that spore govt will remove totally or partially the rule for sporean to gambler in the local casino in order for the casinos to survive. The rules are meant to be changed, slowly removing the resistance of those against setting up of casinos, 1 step at a time. The govt will said that we cannot allow pple to go without job becomes the valid reasons,... | |||||||||
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jonathant
Member |
11-Sep-2009 10:18
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There will be different opinion & viewpoints, each has its own self interest. If visitors come to Spore, then less will travel to Macao, HK, (casino related or tourism related) or elsewhere. Hence, there will be pessimistic or negative views, in order to compete. Likewise, analysis, data, research & whatnot (by 1/3, half pail or full pail’s) for Genting became inaccurate & strangely with TP so wide & different, and with different viewpoints... some playing catch up, some very optimistic, some downright pessimistic. |
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AnthonyTan
Elite |
11-Sep-2009 10:17
Yells: "patience" |
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I personally like this counter very much, thinking that future businesses have good prospect. But the way the co. keep on making cash calls make me loose confident. Not vested now. Wait and see for developments. |
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Sporeguy
Elite |
11-Sep-2009 10:16
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That is why i think only at most 1 casino will survive. Can GS provide cheap accomodation like GB to attract gamblers ? I don't think the Msian will come, may be for one time only. The indonesian may come, but I think the most will be the Chinese. But with so many rules, they may prefer to go to Taiwan or elsewhere. The angmos will prefer Macao. | |||||||||
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AK_Francis
Supreme |
11-Sep-2009 10:00
Yells: "Happy go lucky, cheers." |
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Interesting article?? He could hv making tons of $ on Crown Aus stock, if he has d same sentiment earlier, before Crown result out loh. Another free MFT. Cheers.
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richtan
Supreme |
11-Sep-2009 09:50
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Singapore's Casinos Will 'Flop' - Hang Lung Properties ' Chan Says Hang Lung Properties' Chan Says Singapore's Casinos Will 'Flop' 2009-09-10 05:20:36.882 GMT By Chia-Peck Wong and Bernard Lo Sept. 10 (Bloomberg) -- Ronnie Chan, chairman of Hang Lung Properties Ltd., Hong Kong's fifth-biggest developer by market value, said the two casino-resorts in Singapore will fail because they won't be able to attract high-rollers. Las Vegas Sands Corp., the casino company controlled by billionaire Sheldon Adelson, and Genting Singapore Plc, a unit of Asia's biggest listed gambling operator, are building Singapore's first two casinos. Chan commented after attending the Bloomberg Leadership Forum in Hong Kong. "The big rollers are what make money in casinos, they will never come to Singapore, it's a family entertainment" location. "You think big-rollers will go to Singapore where they have teeth and fangs coming out sideways? There are too many rules. I was in Sentosa island, I really think that it's going to be a flop. "The whole integrated entertainment industry, I'm worried for them. The good thing about Singapore is that if you flop, you're given a second chance." For Related News and Information: For more news on real estate: NI REL BN <GO>; For more news from Hong Kong: NI HK BN <GO> --Editor: Josh Fellman |
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nickyng
Supreme |
11-Sep-2009 09:27
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today likely close < 1.13 :P | |||||||||
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AK_Francis
Supreme |
11-Sep-2009 08:55
Yells: "Happy go lucky, cheers." |
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Ha ha comrade lj, farsighted n mind sharp, ok will wait after 6 Oct then take a look with ds burger again. Will definitely buy if it drops below a $. Tks for d advice. Cheers.
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