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Latest Forum Topics / Genting Sing Last:0.77

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jm2212
Senior

15-Aug-2007 18:27

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buy rights to exercise will be a better option if you intend to go long, usually can save a bit of $.

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White_Tiger
Senior

15-Aug-2007 17:48

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Come on newbies... is tis the best u can do? I dare u all to buy more to push the price up. Come on! Prove that I am wrong. Bahahaha!!!

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nickyng
Supreme

15-Aug-2007 16:49

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err...depends on wat price is your mother share u bought? now trading XR at 76cts..might as well wait till it to drop to 60cts and buy then... forfeit ur rights then ? :P

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danielnkl
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15-Aug-2007 16:29

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Hi Guys, i am entitled to some right. Is 0.60 a good price to go in? And when is the last day to apply for the right if i want to buy? Thanks

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nickyng
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15-Aug-2007 15:55

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hee...did anyone SHORTED this burger in the morning ? i did at 81cts x5 but cover too early at 79.5cts ! :P hee...wonder any hero at current 77cts level ? hee....

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Pension
Elite

15-Aug-2007 13:30

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I think they did not raise enough money of this right issue placement. maybe more replacement in next couple of months. more placement will dilute the mother share price.

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co2oo7
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15-Aug-2007 12:28

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hi guys, i'm new. can any1 tell me y ex right impact genting drop some much today? thanks.

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White_Tiger
Senior

15-Aug-2007 11:43

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Genting....... CHEONG AH!!!!!!!!!!!!

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Pension
Elite

15-Aug-2007 10:54

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drop of 12 cents !!! not very good, may drop further.

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Gentiles
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15-Aug-2007 00:28

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Sorry... the earlier posting has a bit of problem when I included the attachment below. Any comments on the issue price? I think it is fairly reasonable.

Genting Announcement:
RENOUNCEABLE UNDERWRITTEN RIGHTS ISSUE OF UP TO 3,887,042,692 NEW ORDINARY SHARES OF PAR VALUE US$0.10 EACH IN THE CAPITAL OF THE COMPANY (THE ?RIGHTS SHARES?), ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY FIVE (5) EXISTING ORDINARY SHARES OF PAR VALUE US$0.10 EACH IN THE CAPITAL OF THE COMPANY (THE ?SHARES?) HELD BY SHAREHOLDERS (THE ?RIGHTS ISSUE?)
- RIGHTS ISSUE PRICE

We refer to the announcement made earlier today by Genting International Public Limited Company (the ?Company?) in relation to the above. The Board of Directors of the Company (the ?Directors?) is pleased to announce that the issue price for each Rights Share has been fixed at S$0.60 per Rights Share (the ?Issue Price?), payable in full on acceptance and/or application. This represents a discount of approximately 31.8% to the last transacted price of S$0.88 per Share today, being the last trading day of the Shares on the Singapore Exchange Securities Trading Limited prior to the determination of the Issue Price. Ex-rights trading of the Shares shall commence on 15 August 2007.

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Gentiles
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15-Aug-2007 00:20

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RIGHTS @ $0.60

Good Morning fellow gentiles, the rights issue price is.... $0.60. That should help Genting raise a total of $2.3 Billion Smiley

Genting Announcement:
RENOUNCEABLE UNDERWRITTEN RIGHTS ISSUE OF UP TO 3,887,042,692 NEW ORDINARY
SHARES OF PAR VALUE US$0.10 EACH IN THE CAPITAL OF THE COMPANY (THE ?RIGHTS
SHARES?), ON THE BASIS OF THREE (3) RIGHTS SHARES FOR EVERY FIVE (5) EXISTING
ORDINARY SHARES OF PAR VALUE US$0.10 EACH IN THE CAPITAL OF THE COMPANY (THE
?SHARES?) HELD BY SHAREHOLDERS (THE ?RIGHTS ISSUE?)
- RIGHTS ISSUE PRICE
We refer to the announcement made earlier today by Genting International Public Limited Company (the
?
The Board of Directors of the Company (the ?
each Rights Share has been fixed at
acceptance and/or application. This represents a discount of approximately 31.8% to the last transacted
price of S$0.88 per Share today, being the last trading day of the Shares on the Singapore Exchange
Securities Trading Limited prior to the determination of the Issue Price. Ex-rights trading of the Shares
shall commence on 15 August 2007.Company?) in relation to the above.Directors?) is pleased to announce that the issue price forS$0.60 per Rights Share (the ?Issue Price?), payable in full on

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Pension
Elite

14-Aug-2007 23:34

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i think genting did mentioned not more than 40% discount from the mother share price for the right issue..... my advise is stay out of this counter and wait after the right issue matter is over.

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KiLrOy
Master

14-Aug-2007 23:17

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Yells: "I buy only what I can see."

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Ah.. I think sooner or later this retirement age number be a part of MAS Monthly Statistical Bulletin reflecting the SG economy. hahaha.

I am sure Genting will 'fly' for you within the two years. :)

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Eddyson
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14-Aug-2007 23:09

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Our retirement age is going to be adjusted from 62 yrs old to 67 yrs old, if Genting do not fly in two yrs time,I cannot retire early & will need to listen to PAP & work until 67 yrs old.Very soon, will also need to pay annuity until old age.

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KiLrOy
Master

14-Aug-2007 20:53

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Yells: "I buy only what I can see."

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Apply for leave if Genting annoucement worries you. Think about it. If you can make more with Genting just for tmr then what you are paid a single day, then I say jus apply leave.

Jus curious... Why 67 yrs old?

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Eddyson
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14-Aug-2007 20:49

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I am already on mc today, my work is already on bottle neck.Hope that Genting would fly up to the sky in 2 yrs time so that I can call it a day with my stressful work.If not will work until 67 yrs old....sigh....

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KiLrOy
Master

14-Aug-2007 20:27

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Thats what your Annual Leave is for. :) To take time off to attend to one's personal matter but still being paid a day's work by your employer.

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Eddyson
Senior

14-Aug-2007 19:58

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Latest - Genting will announcement the right issue price at 7.30am on Wednesday morning.What a joke, that means I need to surf the net to find out what is the price before going to work.What if there is something wrong with my computer or network,I will have to sell last if the price is not attractive.

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Eddyson
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14-Aug-2007 19:44

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PURCHASED PRICE	5 LOTS	RIGHTS PRICE	3 R	TTL	X RIGHT BREAKEVEN PRICE	RIGHTS PRICE	3 R	TTL	X RIGHT BREAKEVEN PRICE	RIGHTS PRICE	3 R	TTL	X RIGHT BREAKEVEN PRICE
0.9	$ 4,500	0.5	$ 1,500	$ 6,000	$ 0.7500	0.6	$ 1,800	$ 6,300	$ 0.788	0.7	$ 2,100	$ 6,600	$ 0.8250
0.89	$ 4,450	0.5	$ 1,500	$ 5,950	$ 0.7438	0.6	$ 1,800	$ 6,250	$ 0.781	0.7	$ 2,100	$ 6,550	$ 0.8188
0.88	$ 4,400	0.5	$ 1,500	$ 5,900	$ 0.7375	0.6	$ 1,800	$ 6,200	$ 0.775	0.7	$ 2,100	$ 6,500	$ 0.8125
0.87	$ 4,350	0.5	$ 1,500	$ 5,850	$ 0.7313	0.6	$ 1,800	$ 6,150	$ 0.769	0.7	$ 2,100	$ 6,450	$ 0.8063
0.86	$ 4,300	0.5	$ 1,500	$ 5,800	$ 0.7250	0.6	$ 1,800	$ 6,100	$ 0.763	0.7	$ 2,100	$ 6,400	$ 0.8000

If you bought at 88 cts, assuming right issue price is 50 cts, the breakeven pt to make a gain should be 73.75cts after Xright. Anything below this price is a loss. If the right issue price is 60 cts, then the breakeven pt is 77.5 cts after Xright & so on. Those who know the right issue price upfront will sell the mother share first & buy back below breakeven pt .It is very unfair for men in the street like us who is always in a disadvantage side. Without knowing the right issue price first, one would not know the breakeven price to buy back & so might buy back at above the breakeven price.

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AhBear
Member

14-Aug-2007 19:44

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around 60cents? which is a discount to the trading price these past few days?

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