| Latest Forum Topics / Metro Last:0.46 -- |
 Post Reply
|
|
Metro
|
|
|
shplayer
Elite |
28-Sep-2006 07:55
|
|
x 0
x 0 Alert Admin |
lausk22, Mkt sentiment...yes..will agree that this is a factor. Players with own agenda???.....depends on how deep his pockets relative to the daily trading average of that counter. It needs to be sufficient to make an impact on the price of the counter. |
| Useful To Me Not Useful To Me | |
|
lausk22
Veteran |
28-Sep-2006 00:01
|
|
x 0
x 0 Alert Admin |
Besides TA and FA, stock prices are always driven by two other very important factors, which are market sentiment and players who have their own agenda. Agree? |
| Useful To Me Not Useful To Me | |
|
|
|
|
Nostradamus
Supreme |
27-Sep-2006 10:59
|
|
x 1
x 0 Alert Admin |
Shui On Land raised US$797m (HK$6.2b) when it priced its Hong Kong IPO at the top of an indicated range, a source close to the deal said. Shui On Land sold 1.16b shares at HK$5.35, compared with a range of HK$4.80 to HK$5.35, the source said. Shui On Land, which turned a cluster of dilapidated houses in Shanghai into the trendy Xintiandi bar and dining area, initially planned to raise up to US$986m but the deal was postponed amid deteriorating markets earlier this year. Investors may be rattled by a recent scandal involving Shanghai's top government official, who is accused of misusing social security funds for illicit loans and investments in real estate. Chen Liangyu was dismissed for corruption, making him the highest leader to be knocked out of power in national party chief Hu Jintao's campaign to root out abuses. Shui On Land has borrowed RMB875m through an entrusted loan from Shanghai Municipal Enterprise Funds Developments, and there had been local media speculation over whether those funds came from social security coffers. "It is an uncertainty ... it will have an impact on its debut price," said Peter Churchouse, a fund manager at LIM Advisors and a long-time Hong Kong-based property analyst. Shui On Land would repay the loan early to ease concerns arising from the scandal, Chief Executive Vincent Lo told reporters last week. Shui On is hoping for a strong first day opening, as its shelved offering aimed to sell 1.017b shares in a range of HK$5.60 to HK$7.55 each. The offering price of HK$5.35 values the company, founded by the well-connected Lo, at 15.2x forecast 2006 underlying earnings of RMB1.45b. Shui On's deal, including its IPO proceeds and a US$100m investment by global bank HSBC Holdings, values it at 35.2% below its NTA. The offering price range represented 32.9 to 39% below the NTA of RMB27.9b estimated by its underwriters. Rival Shanghai Forte Co. trades at about 45% below its NTA. Shui On Land will beging trading on Oct. 4 under the symbol "0272.HK". |
| Useful To Me Not Useful To Me | |
|
singaporegal
Supreme |
26-Sep-2006 11:08
Yells: "Female TA nut" |
|
x 0
x 0 Alert Admin |
cashiertan's right... doesn't look good in the charts. |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
26-Sep-2006 10:56
|
|
x 0
x 0 Alert Admin |
Shui On Land plans to set final pricing on Sep 27 and begin to trade its shares on Oct 4. |
| Useful To Me Not Useful To Me | |
|
|
|
|
cashiertan
Elite |
26-Sep-2006 02:20
|
|
x 0
x 0 Alert Admin |
doesnt look good. Wow Red spot on man |
| Useful To Me Not Useful To Me | |
|
derekchong
Veteran |
23-Sep-2006 11:26
|
|
x 0
x 1 Alert Admin |
for stock to move up or dowm 1cent - 2cents is very common. not a freak incident. |
| Useful To Me Not Useful To Me | |
|
cashiertan
Elite |
23-Sep-2006 03:42
|
|
x 0
x 0 Alert Admin |
the dip ro 81.5c should be a freak incident. i dun think we should worry too much as the big fish havent sell their stakes yet. i believe we can hold on for the moment. $1 shouldnt be a problem with the sucessful ipo lauched in HK. |
| Useful To Me Not Useful To Me | |
|
|
|
|
cashiertan
Elite |
22-Sep-2006 16:27
|
|
x 0
x 0 Alert Admin |
ok paiseh. i wanted to type 1.13 but i cant edit it after posting. |
| Useful To Me Not Useful To Me | |
|
shplayer
Elite |
22-Sep-2006 14:06
|
|
x 0
x 0 Alert Admin |
cashiertan, Where did you get the figure of Metro's NTA is $1.30? According to Metro's announcement of 21 Sep, after the SOL IPO, Metro's NTA will be about $1.13. Appreciate your clarification. Thank you. |
| Useful To Me Not Useful To Me | |
|
lausk22
Veteran |
22-Sep-2006 13:19
|
|
x 0
x 0 Alert Admin |
So at $1. Discount to NTA will be 23%. Quite good already. If retreat below 80c can buy some more liao. |
| Useful To Me Not Useful To Me | |
|
cashiertan
Elite |
22-Sep-2006 01:25
|
|
x 1
x 0 Alert Admin |
This counter NTA is appox $1.30 if i not wrong, however there is counters that are selling at below NTA. |
| Useful To Me Not Useful To Me | |
|
|
|
|
lausk22
Veteran |
21-Sep-2006 23:28
|
|
x 0
x 0 Alert Admin |
Wonder what the TA specialists will say about the counter? Can break the $1 mark? |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
21-Sep-2006 19:36
|
|
x 1
x 0 Alert Admin |
Depending on the actual price for Shui On Land (SOL), HK$4.80-5.35, Metro will realize profit of $23.9 - $29.2m (3.8-4.6 cents per share) from the sale of 70m SOL shares that it will receive from the mandatory conversion of the preference shares held. After onverting the preference shares and exercising the warrants, Metro will sell 70m during the IPO. The remaining 69.2-76.3m SOL shares that Metro is entitled to cannot, without the consent of SOL, be sold for a period of 6 months after listing. At HK$4.85 - 5.35, Metro has unrealized profit of $29.8 - 32.7m. And the unrealized profit from the shares arising from the exercise of warrants would amount to $5.0 - 5.8m. Assuming full divestment, Metro's NTA will increase by $0.087 - $0.101 to $1.122 - 1.136 from $1.035 per share. Metro's price has risen 7.5 cents to 84 cents on Sep 18/19, suggesting the market has been pricing in yet another generous payout by the company. |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
20-Sep-2006 11:23
|
|
x 0
x 0 Alert Admin |
It plans to sell 70m Shui On Land shares via IPO on the Stock Exchange of Hong Kong. Metro holds 30m senior convertible redeemable participating preference shares in Shui and On and another 20m junior convertible redeemable participating preference shares. In addition, Metro holds US$27m worth of Shui On senior notes due in 2008. Both the senior and junior preference shares will be converted into Shui On ordinary shares toalling 139.20-146.3m shares, depending on the IPO price of Shui On, it said. The senior notes, when converted, will give Metro an additional 8-8.1m Shui On shares. Shui On's indicative IPO price is between HK$4.80 and HK$5.35 per share. Based on the indicative IPO price, Metro said it hopes to raise anywhere from HK$336-374.5m from the partial sale of its Shui On shares Proceeds from the divestment will be used to repay existing debt as well as fund new investments and strategic alliances. |
| Useful To Me Not Useful To Me | |
|
red1721
Senior |
18-Sep-2006 23:29
|
|
x 0
x 0 Alert Admin |
I do not wanna take the risk since I already saw my profits today. Moreover, this counter having some mix signals last week, can just go either way if not careful. I say take profits and move on, even if it moves further north or south, you're already on the better side. |
| Useful To Me Not Useful To Me | |
|
red1721
Senior |
18-Sep-2006 23:26
|
|
x 0
x 0 Alert Admin |
I do not wanna take the risk since I already saw my profits today. Moreover, this counter having some mix signals last week, can just go either way if not careful. I say take profits and move on, even if it moves further north or south, you're already on the better side. |
| Useful To Me Not Useful To Me | |
|
lausk22
Veteran |
18-Sep-2006 22:34
|
|
x 0
x 0 Alert Admin |
Sounds like the doomsayer predicts again;) All pessimists better throw metro tomorrow while the going is still good!! |
| Useful To Me Not Useful To Me | |
|
Nostradamus
Supreme |
18-Sep-2006 18:51
|
|
x 1
x 0 Alert Admin |
The current market sentiment on China property market seems to be bearish. This is reflected in the recent IPO launch of Shui On Land. After postponing its IPO in Jun, it has relaunched in Sep and has been reduced significantly in size. The offer size has been reduced from the range of US$760m - US$989m to the current range of US$550m - US$650m and this will be achieved by cutting back the number of shares offered from 25% of the company to current 20%, and also by lowering the current price. Shui On Land may not perform well. And hence so will Metro's price. |
| Useful To Me Not Useful To Me | |
|
red1721
Senior |
18-Sep-2006 16:12
|
|
x 0
x 0 Alert Admin |
change of mind....letting it go at 0.83 |
| Useful To Me Not Useful To Me | |