Latest Forum Topics / IPO | Post Reply |
XinRen Aluminum ipo offering at 0.55 cents
|
|||||
teeth53
Supreme |
26-Oct-2010 22:49
Yells: "don't learn through life, learn to grow with life " |
||||
x 0
x 0 Alert Admin |
Balloting Result.... PDF 1: XINREN ALUMINUM HOLDINGS LTD (Miscellaneous :: Ipo Balloting Results) http://pdf.reuters.com/sgxnews/sgxnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20101026:nSNAQ41251 |
||||
Useful To Me Not Useful To Me | |||||
yummygd
Supreme |
26-Oct-2010 21:45
|
||||
x 0
x 0 Alert Admin |
why bite e dust?my friend applied 200 lots but didnt even get one so quite a good interest den..
|
||||
Useful To Me Not Useful To Me | |||||
|
|||||
bishan22
Elite |
26-Oct-2010 20:32
|
||||
x 0
x 0 Alert Admin |
Another IPO bite the dust. Be prepared and short first. | ||||
Useful To Me Not Useful To Me | |||||
buoijet
Member |
26-Oct-2010 20:29
|
||||
x 0
x 0 Alert Admin |
Thanks for the advice! should i execute a pre mkt sell order to maximize profits? I am new to shorting.
|
||||
Useful To Me Not Useful To Me | |||||
flyersummer
Member |
26-Oct-2010 20:11
|
||||
x 0
x 0 Alert Admin |
Europe Hits China with Five-year Tariff on Aluminium Car WheelsThe European Union imposed a five-year tariff on aluminium car wheels from China to help German, French, Italian and other EU producers compete against cheaper imports, threat- ening cost rises for automakers. The 22.3 per cent duty punishes Chinese exporters, including YHI Manufacturing (Shanghai) Co and Zhejiang Wanfeng Auto Wheel Co, for selling the wheels in the 27-nation EU below cost, a practice known as dumping. Car manufacturers, includ- ing Bayerische Motoren Werke AG, the world’s biggest maker of luxury autos, and Renault SA use the wheels. European aluminium-wheel producers suffered “material injury” as a result of dumped imports from China, the EU said in a decision Monday in Luxembourg. The five-year levy is higher than a provisional duty of 20.6 per cent introduced in May and will take effect after publication in the EU Official Journal by November 11. Chinese exporters doubled their combined share of the EU market for aluminium wheels to 12.4 per cent in the 12 months through June 2009 compared with 2006, according to the bloc. The EU said the benefits of the anti-dumping duty for Euro- pean aluminium-wheel producers outweigh the disadvantages for carmakers. With aluminium road wheels representing about 1 per cent of the cost of a car, automakers face a maxi- mum cost increase of 0.22 per cent, according to the bloc. In a separate decision Monday, the EU imposed five-year anti-dumping duties as high as 53.2 per cent against China on a chemical used in the construction, metals and food indus- tries. The levy on sodium gluconate aims to curb import com- petition for EU producers, including a French unit of Switzerland’s Jungbunzlauer AG and an Italian subsidiary of France’s Roquette Freres. |
||||
Useful To Me Not Useful To Me | |||||
|
|||||
nickyng
Supreme |
26-Oct-2010 19:55
|
||||
x 0
x 0 Alert Admin |
U cannot be wrong! :P see ya tomor in the $HORTING RANGE! :P short ahh!!
|
||||
Useful To Me Not Useful To Me | |||||
buoijet
Member |
26-Oct-2010 19:51
|
||||
x 0
x 0 Alert Admin |
I didnt get it thru... can i short? |
||||
Useful To Me Not Useful To Me | |||||
oceanblue
Senior |
25-Oct-2010 08:57
|
||||
x 0
x 0 Alert Admin |
Went ahead to apply this morning. Saw on the ATM screen that CPF can be used to apply. | ||||
Useful To Me Not Useful To Me | |||||
|
|||||
bornloser
Member |
25-Oct-2010 06:40
|
||||
x 0
x 0 Alert Admin |
why price so high ? |
||||
Useful To Me Not Useful To Me | |||||
AK_Francis
Supreme |
25-Oct-2010 00:06
Yells: "Happy go lucky, cheers." |
||||
x 0
x 0 Alert Admin |
Ha ha, good one. just tikam some for luck loh. Cheers.
|
||||
Useful To Me Not Useful To Me | |||||
kc0257
Member |
24-Oct-2010 21:47
|
||||
x 0
x 0 Alert Admin |
TY Andrew!
|
||||
Useful To Me Not Useful To Me | |||||
musicwhiz5
Senior |
24-Oct-2010 14:33
|
||||
x 0
x 0 Alert Admin |
IPO usually stands for "It's Probably Over-priced". And for a good reason too. Most of the originall investors in the Company did so at a very early stage (these are private equity investors which may be from VC companies or they may be "angel" investors). At the pre-IPO stage they are already making good gains, at the IPO stage the mark-up is even sharper; and when the company finally sells shares to the retail public you'd expect an even bigger markup so everyone along the food chain gets their gains; and this includes the book builders, agents, underwriters and IPO managers. Everyone needs to feed their families - and the money comes from the retail public which subscribes for shares at inflated prices. | ||||
Useful To Me Not Useful To Me | |||||
|
|||||
amilytan
Member |
24-Oct-2010 14:21
|
||||
x 0
x 0 Alert Admin |
what do you mean dilution 100%? | ||||
Useful To Me Not Useful To Me | |||||
greendino
Member |
24-Oct-2010 14:08
|
||||
x 0
x 0 Alert Admin |
Apparently XinRen will not own any of the factories and facilities due to China laws. This company only has a contractual agreement with the family to operate. Can it then still count these assets that rightly still belong to the private family as its NTA at all? dilution should be 100%...no?? |
||||
Useful To Me Not Useful To Me | |||||
noonelikeme
Senior |
22-Oct-2010 12:46
|
||||
x 0
x 0 Alert Admin |
share offering start on Monday 9am Share offering End on Monday 12pm Share trading start on Wed 9am... |
||||
Useful To Me Not Useful To Me | |||||
yonghy
Member |
21-Oct-2010 23:36
|
||||
x 0
x 0 Alert Admin |
very well done...
|
||||
Useful To Me Not Useful To Me | |||||
Andrew
Master |
21-Oct-2010 23:30
|
||||
x 0
x 0 Alert Admin |
Hi kc0257 Before IPO 13cts - Standard Acount Audit shows the company is worth 13cts per shares. After IPO 19cts - As new shares are added at 55cts, the per share Net Asset Value become 19cts per shares. As you buy the share at 55cts, you paid an extra 36 cts per share (55 -19 = 36). If a corolla is selling at say...$100K, you are paying about $300K for the same toyota corolla. This is called dilution..... Will you buy a corolla at 300K ? Issuer think that the company is worth 55cts as ....maybe the P/E is at or below market going rate. Anyway, if you are selling within 20mins on the first day trade......then....it doesn't really matter. Afterall it is IPO season. If for long term, when do you think the company will make enough profit to reach 55cts per share ? If this company, eventually, did not meet its targeted objectives......then chances are good that it will move towards 19cts or worse less. Good enough for you ?
|
||||
Useful To Me Not Useful To Me | |||||
teeth53
Supreme |
21-Oct-2010 22:19
Yells: "don't learn through life, learn to grow with life " |
||||
x 0
x 0 Alert Admin |
XinRen Aluminum Holdings Limited ipo closing on 25-10-2010 (Monday) at 12 noon. Expected Listing is on 27-10-2010. (Wed) at 9 a.m.
|
||||
Useful To Me Not Useful To Me | |||||
kc0257
Member |
21-Oct-2010 21:58
|
||||
x 0
x 0 Alert Admin |
Dear Seniors/Supremes, Pls explain this discussion. Finally is this a good IPO to go for?
|
||||
Useful To Me Not Useful To Me | |||||
teeth53
Supreme |
21-Oct-2010 19:22
Yells: "don't learn through life, learn to grow with life " |
||||
x 0
x 0 Alert Admin |
Has debt of $407.7m. look like all is run by KaKi Lang...Dun know good or bad for subscription or not ?. | ||||
Useful To Me Not Useful To Me |