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New Century Ship book making offer at $1.19
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wishbone
Master |
04-May-2010 23:18
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Their bowl of noodles short of two meat balls.
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teeth53
Supreme |
04-May-2010 23:13
Yells: "don't learn through life, learn to grow with life " |
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So this is their truth color. Big, big boys also "really Taboh leh Tahan them" They must show their principle, instead of their true color. So now DBS has broken once again, record for last hour abortion. "Durain Ai Pao Chai" will this mean for others listed one to chiongg AhHHH..... Posted May 3, 2010. This is a big ship and only mean for institutional funded and even if it float downward, they are able to buy/sell and trade as accordingly with all their available funds. Posted May 2, 2010
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wishbone
Master |
04-May-2010 22:34
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This one is like buying Durian. Want "Pao Chia" one if not, call it quit. |
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teeth53
Supreme |
04-May-2010 22:20
Yells: "don't learn through life, learn to grow with life " |
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Please take note: http://masnet.mas.gov.sg/opera/sdrprosp.nsf/936bad13609791c948256b3e001ed49f/2FFF57144BF66B864825771600173DF0/$File/NC_final.pdf Investors applying for Offering Shares by way of application forms or electronic applications (both as referred to in the instructions booklet entitled “Terms, Conditions and Procedures for Application for the Offering Shares under the Public Offer”) in the Public Offer will pay the Maximum Offering Price on application, subject to the refund of the full amount or, as the case may be, the balance of the application monies (in each case without interest or any share of revenue or other benefit arising therefrom and without any right or claim against us or the Joint Bookrunners), where (i) an application is rejected or accepted in part only, (ii) the Offering does not proceed for any reason or (iii) the Offering Price is less than the Maximum Offering Price for each Offering Share. Investors applying for the Placement are required to pay the Offering Price. The Offering Price will be determined following a book-building process by agreement among the Joint Bookrunners. Our Company and the Over-allotment Option Grantors on a date currently expected to be on or about May 5, 2010 (the “Price Determination Date”), which date is subject to change. If for any reason the Offering Price is not agreed among the Joint Bookrunners, our Company and the Over-allotment Option Grantors, the Offering will not proceed. Notice of the Offering Price will be published in one or more major Singapore newspapers such as The Straits Times, the Business Times or Lianhe Zaobao not more than two calendar days after the Price Determination Date. |
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CheongCK
Senior |
04-May-2010 22:14
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WITHDRAWAL OF INITIAL PUBLIC OFFERING OF NEW CENTURY SHIPBUILDING LIMITED Unless otherwise defined herein, terms defined or construed in the prospectus of New Century Shipbuilding Limited dated April 30, 2010, have the same meaning and construction in this announcement. New Century Shipbuilding Limited (the "Company") wishes to announce that it has decided not to go ahead with its planned initial public offering ("IPO") on the SGX-ST at this time. The Company intends to review the situation and will consider joining the SGX-ST at an appropriate time in the near future. All applications are deemed withdrawn and cancelled and application monies (without interest or any share of revenue or other benefit arising therefrom) will be refunded to the applicants within three (3) market days after this announcement. Application monies received via electronic applications will be refunded by crediting the applicants’ bank accounts with the relevant Participating Bank. Application monies received in conjunction with the printed application forms will be returned by ordinary post to the applicants at their own risk. |
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teeth53
Supreme |
04-May-2010 22:01
Yells: "don't learn through life, learn to grow with life " |
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They are offering half of what is intended. Indicative final price is, in at around May 5, 2010. http://sg.news.yahoo.com/rtrs/20100412/tap-newcentury-ipo-c3bb44c.html New Century has set an indicative price of S$0.98 to S$1.19 a share and plans to sell 1.464 billion shares which could raise between $1.025 billion to $1.244 billion, according to the sources with direct knowledge of the deal. At the top end, that would equate to around S$1.74 billion. The indicative price will give the Chinese shipbuilder a price-to-earnings ratio of 7 to 8.5 times 2010 estimated earnings, one source said. teeth53 thot - this two days down, look bad for this week as well. Dive like a Sub liao. - Do not forget they also have allocation clause in case is over and fully subscribe. |
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teeth53
Supreme |
03-May-2010 11:11
Yells: "don't learn through life, learn to grow with life " |
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That true, most of those recently IPO listed dun float above water and for some fair even worst. This is a big ship and only mean for institutional funded and even if it float downward, they are able to buy/sell and trade as accordingly with all their available funds.
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Hulumas
Supreme |
03-May-2010 10:53
Yells: "INVEST but not TRADE please!" |
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BUY and CAVEAT EMPTOR.
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ah_seng1001
Senior |
03-May-2010 00:19
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Statistics have shown that newly IPO stocks will drop below their IPO price with nearly 80% certainty after 1st trading week.. cos those big boys n institutions holding on to the stock will be free to dump it.. cos under IPO listing rules, substantial stock holders have to hold on for a cetain period.. Anyone remembers MARY CHIA IPO.. hit high of 0.40.. can't even smell this counter now.. |
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soloman
Master |
02-May-2010 14:54
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LOOK AT JES IPO AT 67 cts NOW 22 CTS ASK MGT TO EXPLAIN GREAT LOSS AFTER SO MANY YRS.. |
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soloman
Master |
02-May-2010 14:01
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LOOK AT JES - DON;T BUY IPO IF POSSIBLE CHANGE YOUR MINDSETs ABOUT IPO READ SOMEWHERE THAT IPOs ARE VERY DANGEROUS STOCKS ACTUALLY........ !!!!! NORMALLY SUCH IPO IS TO TAKE YOUR MONEY AT HIGH PRICE !! |
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teeth53
Supreme |
02-May-2010 13:59
Yells: "don't learn through life, learn to grow with life " |
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Or will it be like this one?. Drive / dive like a sub. This NCS is mean for BBs institutional fund to vest, buy/sell or vest, open to retail play after IPO-ed is cheaper rather then get stuck. Stag |
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teeth53
Supreme |
02-May-2010 13:29
Yells: "don't learn through life, learn to grow with life " |
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Noted - Please be aware SGX is doing a house cleaning on S-chip, for eg - delisting of certain stocks that is not performing to par. | ||||
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pharoah88
Supreme |
02-May-2010 12:57
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TWO TiGER SHARKS enOugh fOr STi OCEAN |
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pharoah88
Supreme |
02-May-2010 12:55
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THREE is a CROWD ? ? ? ? | ||||
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teeth53
Supreme |
02-May-2010 12:46
Yells: "don't learn through life, learn to grow with life " |
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Update - Were one of the largest shipbuilding grps in PRC, ranked 5th domestically and 13th among shipbuilders worldwide in terms of order book measured by deadweight tons (“DWT”). We are also ranked first amongst privately owned PRC shipbuilders in total DWT delivered from 2005 to 2009. Underwater - What it's like to…drive a car underwater. Thu Oct 29 19:58 by Ben Pulman This may look like a Lotus Elise sinking to a watery grave, but it's actually a fully working underwater car and we've, er, dived in it. http://sg.drivesmart.yahoo.com/drive-smart/article/118/
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AK_Francis
Supreme |
02-May-2010 01:18
Yells: "Happy go lucky, cheers." |
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Generally, the moral of the story is, issuing IPO at the not so favourable timing, ie May of yr, debt crisis at Euro, not as well known as Cosco n Yzj, and finally not so good response on preceeding IPOs. Wat else? | ||||
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Andrew
Master |
01-May-2010 22:02
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aiyo.....I did not give you the bad post.....but dont look at IPO in this manner....by chance. I will not buy this IPO because they are selling a 14cts stock for a massive 1+ dollar!!!! Duilation is 77.56%.....I quite sure they will be selling submarine after IPO....the stock I mean.....
Take care....
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Moneysense
Senior |
01-May-2010 21:13
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Most of the IPOs have gone underwater. Don't have confidence on this one. | ||||
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CheongCK
Senior |
01-May-2010 19:22
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New Century Shipping may be a large Shipping Building Company in China but IPO is only 560million + shares (US$560million) and only 8 million + shares offered to public. What does this mean? Just Register a name in Singapore, thats it? We are expecting US$1.2 BILLION shares public offering a few weeks ago. China's New Century eyes $US1.2bn Singapore IPOQUICK SUMMARY | FULL STORY Reuters SINGAPORE - China's New Century Shipbuilding is looking to raise up to $US1.24 billion ($A1.33 billion) in its Singapore listing, two sources told Reuters, the biggest IPO by a Chinese company on the city-state's exchange.
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