Latest Forum Topics / Genting Sing Last:0.77 +0.005 | Post Reply |
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Eddyson
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14-Aug-2007 17:29
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Why tommorrow is Ex-right & today still does not know what is the right issue price.Tommorrow trading in Genting is critical as it will trend towards the right issue price.Those who do not have the info or recieve it late will be at the losing end.The price today have inch up but whether it was push up by Ah Lim & co. or it is on public interest is up to us to guess. Anyone know the right issue price? |
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Pension
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14-Aug-2007 17:01
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dun buy now, wait until the right issue is over. |
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Eddyson
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14-Aug-2007 16:49
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DJ Genting International 2Q Net Loss S$54.1M; Casino Costs Key SINGAPORE (Dow Jones)--Genting International PLC (G13.SG) on Monday posted a second quarter net loss of S$54.1 million due to funding costs for a Singapore casino resort. The figure for the three months ended June 30 was smaller than the S$73.9 million loss recorded a year earlier, Genting International said in a statement. Second-quarter revenue surged to S$192.6 million from S$36.8 million, driven mainly by revenue growth from casino operations in the U.K. Interest expenses totaled S$26.8 million compared with none in the same three months of 2006. The company issued S$875 million in convertible bonds during the first half of 2007 to fund part of the cost of a casino it plans to build on Singapore's Sentosa Island. Through a subsidiary, Genting now has a 100% stake in Resorts World at Sentosa Pte. Ltd., which has paid the Singapore government S$624.2 million to lease the casino's site. Genting increased its interest from a previous 75% holding in May, and the company expects full ownership to be a benefit as it develops the casino and seeks a gaming license. "The group is confident and optimistic about the prospects of Resorts World at Sentosa," Genting said in the statement. Adding to the quarter's loss, Genting booked an S$18.1 million impairment as an option to purchase land in the U.K. has expired unexercised. A ban on smoking in enclosed areas in the U.K. was implemented in July, and the company expects the law to have "an adverse impact" on its gaming business in the country. -By John Jannarone, Dow Jones Newswires; 65 6415 4153; john.jannarone@dowjones.com (END) Dow Jones Newswires |
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peter2006
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14-Aug-2007 08:45
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Star Cruises trading suspended HONG KONG 12 August ? Trading of Star Cruises shares has been suspended in Hong Kong, pending a "price-sensitive" announcement. The cruise company made the request for a trading halt to the Hong Kong Exchange before this morning?s market opening, citing a ?possible notifiable transaction of the company?. Following the trading suspension, the exchange said that the move was made ?pending an announcement in relations to price-sensitive information of the company?. Star Cruises is scheduled to release its first-half results tomorrow, following its disclosure of a $79.4M loss in 1Q07 and a loss of $147.6M for 4Q06. In late July, Resorts World, which is controlled by KT Lim?s Genting Group, announced that it was selling a 14% stake in Star to investment group CMY Capital for $338M, in a deal whose projected closing date is imminent. Resorts World said the sale was a ?strategic decision to mitigate its exposure to the volatile earnings of the Star Group?. Star has been battered by losses from North American brand Norwegian Cruise Line, which confirmed in April that it would withdraw one of its three US-flag ships from the price-depressed Hawaii market in February 2008. Lloyd's Register - Fairplay web links |
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Eddyson
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13-Aug-2007 21:53
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Oh ! mistake there, its comparing with last yr 2006 2nd qrt & last yr half time revenue report.My apology | ||||||||||||||||
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Eddyson
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13-Aug-2007 21:44
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Gentings revenue for 2nd qtr ended 30 June is 500% compare with last qtr & 600% compare with last yr half time report. |
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Eddyson
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13-Aug-2007 21:30
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No, have not recieveanything but saw the profit announcement of Genting. | ||||||||||||||||
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leolim818
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13-Aug-2007 11:33
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Hi All, Have you guys received any letters with the formA for the Right Share application? |
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Eddyson
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09-Aug-2007 23:07
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Just came back from Vivo city, at 8.00pm saw the construction at Sentosa still going on.It's a public holiday & at 8.00 pm so late.They are now transporting soil from the area use to be a fountain to a barge at the jetty.How nice it would have been if on national day, you can see the dancing crane across Vivo city & all the lights or maybe some fireworks. | ||||||||||||||||
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tiandi
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09-Aug-2007 10:59
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hi smartrader, announcement had Rights Trading Period : From 22 Aug 2007 To 30 Aug 2007 EGM over, resolution pass, so now they are working out Rights Issue Price and from their previous announcement they said Issue price shall be announce before Ex date.. very soon. |
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smartrader
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09-Aug-2007 09:54
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Good explanation. what is the price to subscribe for rights share ? why there is no trading period like the asiatic ? | ||||||||||||||||
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tiandi
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09-Aug-2007 00:11
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leolim818
Q:What's is the different between Ex-date, Buy-In Last Cum Date and Record Date? their meanings are: A1: Ex Date (15 Aug) is the date when Genting Int shares are traded XR (Exclude-Rights Share). sgx website will show XR on 15Aug A2: Buy-In Last Cum-date (20 Aug) is for the FAILED trading on 14Aug (T). Someone sold but could not deliver the share on T+3 (17 Aug, Friday), then CDP step in on Monday (20 Aug) in the Buy-In Market to complete the trade and charged its member. Hope this helps.. A3. Record date . 17 Aug, otherwise known as BCD, Book closure date: it is the date on which the Share Transfer Books and Register of Members of the Company will be closed for the purpose of determining the provisional allotments of Rights Shares under the Rights Issue to shareholders of the Company. The Share Transfer Books and the Register of Members of the Company will be closed from 5.00 p.m. on 17 August 2007 to 5.00 p.m. on 20 August 2007. Q: I currently hold 5000 of genting shares and I entitle to subscribe 3000 right shares, so what is the due/latest date I should subscribe to the right shares? Please advice. A: As you are already owner of 5000 shares and you want to subscribe to the 3000 Rights share, your last date to subscribe is 5 Sep based on the annoucement in SGX website below . Please read carefully on the prospectus, which contains all details on date, procedure, payment method etc and you need to follow the instructions. If you Form A is filled wrongly or other problems, CDP may reject your application of Rights Share. On around BCD+3 (20Aug) CDP shall despatch a big envelop with documents and formA to you. You should get it on or around 21Aug. If you do not get it , please call CDP to ask so that you do not miss the Rights Share application procedure. Announced on 2007-07-24 Particulars : OFFER OF 3 FOR 5 Ex-date : 15 Aug 2007 Buy-In Last Cum Date : 20 Aug 2007 Record Date : 17 Aug 2007 Rights Closing Date : 5 Sep 2007 Rights Trading Period : From 22 Aug 2007 To 30 Aug 2007 |
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joshlai86
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08-Aug-2007 20:52
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the last day is 14aug. by 15 aug,u buy no more entitlements. | ||||||||||||||||
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Eddyson
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08-Aug-2007 20:40
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Any news on the rights issue price? Have been hearing from alot of people that they will subscribe the rights & buy more in the market.Thinking of it, what would happen if ev erybody does not want to sell their rights & want to buy instead? |
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leolim818
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08-Aug-2007 13:55
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Hi All, What's is the different between Ex-date, Buy-In Last Cum Date and Record Date? I currently hold 5000 of genting shares and I entitle to subscribe 3000 right shares, so what is the due/latest date I should subscribe to the right shares? Please advice. Thanks... Announced on 2007-07-24
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james1963
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07-Aug-2007 22:03
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Assuming at the average price of 0.90 and no more than 40% will be discounted. The price for the right issue will be around 0.54. It will definitely not more than 0.60. Guess it will be good price to pick up the right. |
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go_francis
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07-Aug-2007 21:42
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So any Target Price tmr? since EGM coming? |
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Eddyson
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07-Aug-2007 20:33
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Genting issuing up to 3,887,042,692 new ordinary shares & expect to raise proceeds of approximately $2.0 billion to $2.3 billion. On calculating $2.3 billion divide by 3,887,042,692, the right issue price should be 59 cts, round it up should be 60 cts. |
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tiandi
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02-Aug-2007 23:15
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lukexav Yes, you can always subscribe 1000 rightshares, which is less than your entitlement. Remember you can sell away the rest of your entitlement (balance of 2000 rightshares) in a very limited time period, which shall be announced by the company and SGX). |
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lukexav
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02-Aug-2007 23:04
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HI TIandi and Eddyson, thanks very much for the explanation. Think i didnt post it in a correct way. The 1000 lot that i was referring to is the Rights shares. Meaning i hold 5000 shares, Entitled to 3000 rights shares. Can i just buy 1000 rights shares instead of the 3000 entitled to me? Cheers. |
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