Latest Forum Topics / Genting HK USD | Post Reply |
Star Cruise-Cruising to a new future in Macau?
|
|
Hulumas
Supreme |
26-Jan-2007 23:09
Yells: "INVEST but not TRADE please!" |
x 0
x 0 Alert Admin |
Dear Readers, It seems the price has been bottomed out and next, going to climb all the way to USD. 0.88 in no time!! |
Useful To Me Not Useful To Me | |
Hulumas
Supreme |
23-Jan-2007 12:57
Yells: "INVEST but not TRADE please!" |
x 0
x 0 Alert Admin |
Dear Hikitty, I mean USD. 0.385 last closing price before suspended for trading is about Sgd. 0.60 and the price will move another Sgd. 1.00 to go (can be more) just within 2007.Anyway, time will tell. |
Useful To Me Not Useful To Me | |
|
|
hikitty
Master |
23-Jan-2007 12:47
|
x 0
x 0 Alert Admin |
Dear Hulumas Starcrus is listed in US currency on SGX. In HK it was about HK$2.50 (abt S0.50cts = US0.33cts) before the SC & GIL latest venture into Macau and property in Macau. Your projected figures shd all be in US currency (less misleading) . U seem to be very optimistic that SC will head north- r u a crystal ball gazer or what? |
Useful To Me Not Useful To Me | |
Hulumas
Supreme |
23-Jan-2007 12:18
Yells: "INVEST but not TRADE please!" |
x 0
x 0 Alert Admin |
Dear EastonBay, Yes, after reading all related article and visualizing any market development's possibility. The price level at Sgd. 0.60 still far to reflect its future business prospect potentiality. It should be at least around Sgd. 1.60 within 2007. Another one Singapore Dollar to go for its potential capital appreciation. Hence, I personaly keep accumulating this stock at this price level. |
Useful To Me Not Useful To Me | |
EastonBay
Master |
23-Jan-2007 11:03
|
x 0
x 0 Alert Admin |
Star Cruises raises RM294, takes stake in Macau By Doreen Siow & Judy Hua Cruise line operator Star Cruises, part of Genting Bhd, said on Jan 23 it will raise HK$653.35 million (RM294 million) by selling new shares, and buy a stake in a Macau casino run by gambling mogul Stanley Ho. Hong Kong and Singapore-listed Star Cruises said in a statement it has agreed to issue 255 million new shares at HK$2.29 per share, a 9% discount to its last closing share price in Hong Kong. Star Cruises shares have been suspended from trading since Jan 11 and were last traded at US$0.385 in Singapore. In addition, Star Cruises has also entered into a share option agreement for HK$71.4 million for another 255 million shares to be exercisable at HK$3 a share. Star Cruises did not say who the shares will be placed with but said the total issue of shares plus option shares would amount to 7.52% of the company. Last week, media reports have said the shares would be sold to Ho. Star Cruises said the money raised will be used fund its share of the US$3.4 billion (RM11.9 billion) casino resort in Singapore's Sentosa island which it is developing with sister company Genting International. Both Star Cruises and Genting International have also signed an agreement to take a stake in a property project in Macau, the Treasury Island Entertainment Complex, for HK$1.47 billion. They have an agreement with Sociedade de Jogos de Macau, the gaming company belonging to Ho, whereby the latter can operate a casino hotel on the site. -- Reuters Cruise line operator Star Cruises, part of Genting Bhd, said on Jan 23 it will raise HK$653.35 million (RM294 million) by selling new shares, and buy a stake in a Macau casino run by gambling mogul Stanley Ho. Hong Kong and Singapore-listed Star Cruises said in a statement it has agreed to issue 255 million new shares at HK$2.29 per share, a 9% discount to its last closing share price in Hong Kong. Star Cruises shares have been suspended from trading since Jan 11 and were last traded at US$0.385 in Singapore. In addition, Star Cruises has also entered into a share option agreement for HK$71.4 million for another 255 million shares to be exercisable at HK$3 a share. Star Cruises did not say who the shares will be placed with but said the total issue of shares plus option shares would amount to 7.52% of the company. Last week, media reports have said the shares would be sold to Ho. Star Cruises said the money raised will be used fund its share of the US$3.4 billion (RM11.9 billion) casino resort in Singapore's Sentosa island which it is developing with sister company Genting International. Both Star Cruises and Genting International have also signed an agreement to take a stake in a property project in Macau, the Treasury Island Entertainment Complex, for HK$1.47 billion. They have an agreement with Sociedade de Jogos de Macau, the gaming company belonging to Ho, whereby the latter can operate a casino hotel on the site. -- Reuters |
Useful To Me Not Useful To Me | |
|
|
EastonBay
Master |
23-Jan-2007 10:25
|
x 0
x 0 Alert Admin |
Here's the new title. Trading resumed and has ran up to a high US$0.64 within an hour of trading. |
Useful To Me Not Useful To Me |