Leong3k, my holding is also less than 80 cents but I see it as an opportunity to load more genting for long term view given that it has risen considerable and there are positive vibes about this share at this moment. People are all buying hope.

Cathylmg, pls consider all TP comments carefully. You should know by know that being a veteran on this site. It's easy for anyone of us here to make any claims on the share but that doesn't represent the market view. It's only a personal view???? Only when it's realised then it's proven.

I learnt my lesson and always trust yourself and your own judgement.

strictly my opinion only.

i would subscribe to the rights issue unless the price has dropped to below 0.80

my guess is that the price may open at around 1.125 when trading resumes, perhaps tomorrow 9am 

You have 3 options:

(1) For every 5 shares you hold from now till XDate, you are entitled to subscribe 1 share at discounted price S$0.80. You prepare the money.

(2) It is renounceable rights – If you still hold your current shares & do not wish to subscribe the rights shares (perhaps you do not have extra money), you can trade your nil-paid rights (nil-paid means at no cost to you/you did not pay for this rights shares, it’s given to you) between 28Sep till 6Oct09 (7 working days).

(3) Hold your current shares. Do nothing - don’t subscribe & don’t trade, and you will lose your given rights (rights shares at discounted price) or capital gains (renounceable rights that can be sold). Don’t be surprise, there are some aunties/uncles who are clueless of stock trading other than buy & sell & dividend, etc.

There is still upside potential for Genting, simply because everybody knew it’s matter of time when the co will announce it is applying for the gaming licence, then it will announce it has been approved, then the opening, and so on.

This round of rights issue is different from last rounds, as the timing, closing price, market sentiment on this counter, as well as global market sentiment are different.

To announce the planned rights issue now before the announcement of gaming licence is well-timed. Genting is a fundamentally strong company, why worry? Punters & Short term investors may exit. Long term investor will hold. Those who miss the boat, welcome aboard.

Ha ha , R issue on ds burger, dun play play.

2007, it offers 3R for eh 5 holding, at $0.60. 2005 ah, 5R for 3 holding at 0.13.

I got 72R n app double excess of 150, big wok, kena 108.

Now, is 1R for 5, at $0.80. Pseudo effective px at 1.125, it is not a realistic one basing on d market pushing ds burger surplus $0.80 on 23 Jul 09, owing to so-call coy good sentiment n prospect. Not forgetting d $0.72 share dump saga on 27 May 09.

Nonetheless, d good sentiment n prospect would be still ard even its lifted d sus, in due course. On d other hand, if u r holding d balance one which was secured below 0.80, then u hv much room for consideration loh.

Anyway, above AK views only, 2Ys apply. Cheers.

5 * $1.19 closing price + $0.80 =$6.75

$6.75 / 6 = $1.125

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