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ruanlai Master	27-Feb-2007 22:14        ruanlai About Contact  Quote this Post! Style: Fundamental   Mood:
x 0   x 0  Alert Admin	This anouncement will force the GIL to stop having any relationship with SH, they are not stupid to let go such a big piece of cake..... This new should read it as GOOD news as the current price already factor in all the bad news...... Cheers for those who vested like me....
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billywows Elite	27-Feb-2007 21:39        billywows About Contact  Quote this Post!
x 1   x 0  Alert Admin	WoW!!! Blood Bath for Genting 2molo after this news ya!!! -------------------- Tuesday February 27, 9:03 PM Singapore says Genting's gaming licence not automatic By Sebastian Tong SINGAPORE, Feb 27 (Reuters) - Singapore said on Tuesday it would conduct "suitability checks" on two Genting group firms which won a bid to operate the city-state's second casino, warning that they would not automatically qualify for a casino licence. A decision to withhold the casino licence could leave Genting Bhd with a $3.4 billion resort development in Singapore without the right to earn money from the gambling business. Star Cruises and Genting International , two affiliates of Malaysia's Genting gaming group, won a bid to build and run a resort in the city-state in December. But just a few weeks later investors and the Singapore authorities were caught by surprise when Genting announced a tie-up with Stanley Ho, the Macau gaming tycoon who dominated the casino business in the former Portuguese colony for four decades. Analysts said the deal has clearly upset the Singapore authorities, prompting the regulator to warn on Tuesday that it may withhold the licence for the casino, potentially the most lucrative component of the entire resort. The casino regulator said in a statement that Genting's eligibility for a casino licence would depend on its suitability as specified in a key clause in Singapore's casino act. That clause states that operators must not have any business association with any partner who "is not of good repute having regard to character, honesty and integrity or has undesirable or unsatisfactory financial resources." On Thursday Genting is due to sign a development agreement with Sentosa Development Corp., a government-owned body which runs the resort island where the casino will be built. "The signing of the development agreement and the issuance of a casino licence are two separate matters," Singapore's casino regulator said in its statement. "The signing of the development agreement allows Genting International and Star Cruises to proceed with the construction of the integrated resort. However, it does not automatically qualify them for the casino licence, which is needed before it can operate the future casino." In the deal which it announced last month, Genting said a group of investors including Ho would take a 6.99 percent stake in its leisure cruise unit Star Cruises. In exchange Star Cruises and Singapore-listed Genting International would take a 75-percent stake in a casino hotel in Macau to be operated by Ho. Genting later said that it would review the structure of a deal after the Singapore authorities asked for clarification. Genting declined to comment on Tuesday. Ho, one of the world's richest men, had a monopoly on operating casinos in Macau until it was opened up to other players in 2002. During that period, Macau had a reputation for massage parlours and triad gangs. Casino revenues in the tiny enclave on the South China coast rose 23 percent in 2006 to nearly $7 billion, surpassing those generated along the glitzier Las Vegas Strip. Star Cruises and Genting International won Singapore's second gaming concession in December. It beat a joint bid by Bahamas-based Kerzner International and property developer CapitaLand , as well as a four-partner consortium that included Australian tycoon James Packer's Publishing and Broadcasting Ltd. and his Asian gaming partner Melco International Development , which is run by Ho's son. Singapore's first casino licence was awarded in May to U.S. gaming giant Las Vegas Sands , which has promised to build a casino along Singapore's downtown waterfront for $3.6 billion. The two resorts, expected to open by 2010, are aimed at wooing tourists and boosting the city-state's services sector.
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singaporegal Supreme	27-Feb-2007 21:06        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 0   x 0  Alert Admin	It MAY be bottoming out... but still too early to confirm. Keep watch.
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allantanhc Veteran	27-Feb-2007 15:39        allantanhc About Contact  Quote this Post!
x 0   x 0  Alert Admin	For shorting, CFD is a safer way to go.
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trymyluck Senior	27-Feb-2007 13:48        trymyluck About Contact  Quote this Post!
x 0   x 0  Alert Admin	hi cheng55 and others,   thanks for the reply.   was'nt planning to short Genting, but I think   shorting might come handy on certain days like today when   every counter seems to be in red .
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cheng55 Member	27-Feb-2007 08:59        cheng55 About Contact  Quote this Post!
x 0   x 0  Alert Admin	trymyluck this is what happens if you short and not buy back on same day. source: POEMS Home » Help Centre » FAQ  » Trading 7) What if I short sell a counter and did not cover my position on the day itself? If you do not have the required shares in your account on the due date (the third market day following the trade day), CDP will buy-in shares on the market to satisfy the delivery obligation. Buying-in starts the day after the due date, and will start at two minimum bids above the closing price of the previous day, the current last done price or the current bid, whichever is the highest. You will pay the difference between his selling price and the buy-in price, including brokerage and other costs. I just wish to advise shortists to be very careful.  The price could go up or the counter could be suspended for longer than usual period like what happend to StarCruise than you are in trouble.
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shplayer Elite	27-Feb-2007 08:58        shplayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Typo error...meant.... '....stock market in general...'
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smltimer Senior	27-Feb-2007 08:45        smltimer About Contact  Quote this Post! Style: Technical   Mood: Yells: "So what does the crystal ball say ......."
x 0   x 0  Alert Admin	trymyluck, i think the price will be the closing price on the T+3 day till around 11plus the next day whichever is higher.....anyone else can comment?
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shplayer Elite	27-Feb-2007 07:41        shplayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	chaihock, Sorry for the delayed response to your question. In my personnal opinion, the stock market in geneal is a risk. Shorting poses a greater risk.
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jackjames Elite	27-Feb-2007 07:30        jackjames About Contact  Quote this Post!
x 0   x 0  Alert Admin	all I can say during the past two days, if you contra in the early morning, you win BIG.. I am not sure this pattern will "exist" again today.. Monday, Tuesday morning, it had big sell down until it reaches 0.78, ( or I should say no strong buy up), then, it quickly rebound back to 0.84... that is exactly the same pattern for two days.. now the question is.. if it drop to 0.78, 0.79 this early morning again, do u have guts to contra it with 50 lots? heee... what if today will not rebounce but keep going down? ho ho.. I know I am damn lousy to "bet" this.. anyway, not vested but, will love to monitor it.
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trymyluck Senior	27-Feb-2007 05:05        trymyluck About Contact  Quote this Post!
x 0   x 0  Alert Admin	hi victorian,    just need a little info on shorting. Other than CFD's, retail investors can do shorting only on the same day or on T + 3 days? what happens if one can short only on same day and one is not able to buy back the shares one has sold? if sold at 50 cents and closing price for 1st day is 52 cents and closing price after T+3 days is 55 cents , which price will SGX take to cover  the sale.
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Nostradamus Supreme	26-Feb-2007 12:41        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Merrill Lynch analyst Sean Monaghan said in a client note a key concern for the company remained the Singapore regulator. "We expect the Singapore gaming regulator to heavily scrutinize GIL and Star Cruises proposed venture in Macau," said Monaghan, who cut its fair value estimate of GIL shares to $0.87 from $0.95 and kept its "neutral" rating. "GIL may be forced to adjust various aspects of the proposed venture and the government's regulatory review may take some time to complete." OCBC has also cut its rating to "hold" from "buy" but raised its fair value to $0.77 from $0.71.
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singaporegal Supreme	25-Feb-2007 21:38        singaporegal About Contact  Quote this Post! Style: Technical   Mood: Yells: "Female TA nut"
x 0   x 0  Alert Admin	Cautious.... its probably still downtrending
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chaihock Member	25-Feb-2007 12:22        chaihock About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi shplayer,in all angles it look very bad then do a SHORT in the early monrning Buy back in the late aftrenoon. Am I taking RISK ??Please comments.
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shplayer Elite	24-Feb-2007 16:54        shplayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	chaihock, Comparing FY 2006 to FY 2005, operationally, FY 2006 was better than FY2005. FY 2005, whilst it reported higher profit, (eps 2.67 cts),, it was due to its 'Fair value of investments' which contributed eps of 2.76cts...i.e...stripping this away, FY 2005 would have been a loss. FY 2006 had to carry a loss in Fair value on investments (eps impact   -0.49cts) and higher interst cost...due to borrowings for acquisitions. So, if not for the loss in fair value, the FY 2006 eps would have about 1.54cts. Even then P/E will be (81/1.54) = 52.6X.... i.e. if everything remains the same ( but without the loss in fair value), it will still take 52.6 years to earn back your capital of 81cts. Furthermore, there is no divident.yield. Hope this helps you make your call. What will happen on Monday???.....I wish I can tell you ...
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ed88ks Senior	24-Feb-2007 12:53        ed88ks About Contact  Quote this Post!
x 0   x 0  Alert Admin	chances are down, as the govt is not satisfied with the explanation of working with macau casino and profit lower for the star cruises, and expecting for sure coming right issue....
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chaihock Member	24-Feb-2007 12:27        chaihock About Contact  Quote this Post!
x 0   x 0  Alert Admin	Dear Master shplayer,what is your advices on Gen Int ,what do YOU think about  ?what will happen when market open on monday ? Will it same like Noble ?Thank you.
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iPunter Supreme	23-Feb-2007 22:24        iPunter About Contact  Quote this Post!
x 0   x 0  Alert Admin	Better to have dumped it, step aside and then observe the formation before stepping back in... Since this is an Index Stock, the funds will definitely be interested.
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teeth53 Supreme	23-Feb-2007 22:21        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	thk  Shplayer, for the linkage, Well, at still profitable, still ppl expectation is is way overdone. SC is in d red...unable to help big Bro w/his 25% interest in Resort World.
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shplayer Elite	23-Feb-2007 19:27        shplayer About Contact  Quote this Post!
x 0   x 0  Alert Admin	Results just out. eps 1.05cts (-47% of 2005), NAV 24.59, no divvy. At today's close of 81 cts P/E is 77X, Price/Book - 3.3X. Yield 0%. Looks like the initial exuberance of their winning Sentosa IR is way overdone. http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_1CBA35188B1BF3214825728B003C67D1/$file/GIPLC_FullYear06_Results.pdf?openelement
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