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Structured finance IPO
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chew8888
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21-Dec-2006 20:50
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Suggest to rethink the Aust $ vs Sing $, since the biz is rather stable. Currently about exchange rate at 1 to 1.21. If Sing$ is strong, then the earning will be diluted somehow. This could offset the original 9% dividend intended. On the other hand, if Sing$ is weaker, of course, you may even get more than 9%... |
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lg_6273
Elite |
21-Dec-2006 13:58
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STABILISATION EXERCISE UBS bought 5.42 mln BABCOCK & BROWN STRUCTURED FUND shares at $1.01- 1.06 each. |
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maxtwl
Member |
21-Dec-2006 11:58
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but again the 9% dividend is still quite attractive. probably wait till it drops below 1 then get? haha |
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Synapse
Member |
21-Dec-2006 03:51
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Chew8888 and Lg_6273 Thanks for sharing! Lucky I never get IPO. Was rather attracted by the 9% dividend ... nearly kenna bluff by bad brown cock. |
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chew8888
Member |
20-Dec-2006 21:40
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Do note that most of the biz are in Australia. Do note the possible currency movement between Aust$ and Sing$... |
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lg_6273
Elite |
20-Dec-2006 17:21
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Let's wait for NAV 0.85, so as it get cheaper dividend yield will go up as below. MIIF is trading below and close to NAV At $1.06, dividend yield = 9% [because of high risk] $1.00, dividend yield = 9.51% $0.95, dividend yield = 10.01% $0.90, dividend yield = 10.56% $0.85, dividend yield = 11.18% $0.80, dividend yield = 11.88% DJ MARKET TALK: Babcock & Brown Off 0.9%; Bids Mostly At 99C 20/12/2006 09:17 0118 GMT [Dow Jones] NEW LISTING: Babcock & Brown Structured Finance Fund (B73.SG) off 0.9% at S$1.05 in thin trade on SGX debut. Dealer says investors possibly unfamiliar with fund's portfolio of assets; "I prefer Macquarie International Infrastructure Fund (M41.SG) because they have a good track record of fulfilling their dividend promise. Secondly, it's an infrastructure play investing in airports, power networks and so on around the world, which is less risky than Babcock's portfolio of assets like loans and securitization assets. Babcock's yield should be much higher so as to convince investors it can manage risks well." Dealer expects fund to trade below S$1.06 IPO price for most of today. Bids heaviest at S$0.99 while offers mostly at S$1.13.(FKH) |
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Synapse
Member |
20-Dec-2006 17:09
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Strange ... over 20M shares traded but price went down. Could it be a case of more informed investors accumulating the shares at a lower price? |
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Synapse
Member |
20-Dec-2006 16:57
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Strange ... over 20M shares traded but price went down. Could it be a case of more informed investors accumulating the shares at a lower price? |
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jessie
Senior |
20-Dec-2006 16:10
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If it is oversubscribed and today's market is doing well, why is it trading below IPO price huh ? Anyone can explain ? Luckily didnt apply also. |
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maxtwl
Member |
20-Dec-2006 16:02
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Luckily I didnt get it too. Though i feel like going in. |
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zujzuj
Senior |
20-Dec-2006 15:25
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Heng...DBS didn't give me any lot.... |
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maxtwl
Member |
20-Dec-2006 15:19
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anyone knows what happening to this counter? It seems an attractive IPO.... but y so much selling at below IPO price? |
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CharmaineLim
Member |
20-Dec-2006 14:19
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Got 1 lot from IPO, so lucky indeed to lose money |
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lg_6273
Elite |
20-Dec-2006 10:53
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now selling below IPO 106. |
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hogenterprise
Senior |
20-Dec-2006 09:38
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Luckily didn't get this bad brown cock...haha |
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ROI25per
Master |
20-Dec-2006 09:22
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shorted this counter; profit 500. good for today |
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ralphguy
Member |
19-Dec-2006 23:34
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what is the grey market price tomorrow? any guess? |
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lg_6273
Elite |
19-Dec-2006 22:54
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Public Offer [6,470,000 Offering Shares] was approximately 23.8 times subscribed.
Placement [316,990,000 Offering Shares] was approximately 2.5 times
Placement [316,990,000 Offering Shares] was approximately 2.5 times |
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maxsyn
Veteran |
19-Dec-2006 22:32
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Thailand U-turn. Will see strong recovery |
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derekc00
Member |
19-Dec-2006 22:31
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I subscribe 20 lots, got none. not sucessful |
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