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New Century Ship book making offer at $1.19
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teeth53
Supreme |
09-May-2010 22:51
Yells: "don't learn through life, learn to grow with life " |
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http://business.asiaone.com/Business/News/Story/A1Story20100509-215115.html
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iPunter
Supreme |
07-May-2010 08:42
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Stags only profit in a bull market... But are we in a world bull market? In a bear market, balls may be lost!... |
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Laulan
Master |
07-May-2010 08:39
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In a market that is bearish, cancelling the IPO prevents the potential successful applicants from losing money. It is better to lose $2 than to lose more. Even in a good market, it is also not advisable to subscribe to Singapore IPOs based on facts and figures [past experience] that shows more IPOs losing share value within a few weeks of listing. Some people made money out of IPOs because they were preferred subscribers, institutions and insiders who subscribe to the private shares before it apply for listing at the exchange. AS a retail investor when you subscribe at the offered price, the chances of making quick gains depend on how fast you are when the share gets listed. Usually it is a losing situation because you may not have the time to watch the market.
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Laulan
Master |
07-May-2010 08:11
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A number of blue chips counters in NYSE and NASDAQ were driven to zero, really zero. They said it was a computer glitch, do you believe that story? That means computers always doing the dirty job of cheat small investors?
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iPunter
Supreme |
07-May-2010 07:59
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That guy Hogan is talking nonesense stinking sheet... Because all the 'fundamentals' are shown in the technicals ... |
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teeth53
Supreme |
07-May-2010 07:54
Yells: "don't learn through life, learn to grow with life " |
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teeth53 thot - There is some technicality that aborted such big ship, just can't allow to dive like sub. Like this M'sia sub above. Fault maybe found, repair and to refloat this big ship again, maybe back after six mths. Is all about this Greek and PIGS. spooking on it fearlessly. At the closing bell, the Dow was down 348 points, or 3.2%, to end at 10,520.32. The Dow's biggest one-day point decline on a closing basis was Sept. 29, 2008, when it fell 777.68, which had also been the previous intraday mark. The S&P 500 index (SPX) slipped 38 points, or 3.2%. The Nasdaq composite (COMP) dropped 83 points, or 3.4%. "On the Dow, we were down 400 to 800 points in five minutes, it was horrifying," said Art Hogan, chief market strategist at Jefferies & Co.
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iPunter
Supreme |
07-May-2010 07:44
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How can you say they "suka suka withdraw"?... They are only doing a sensible and rational thing... Which will save the applicants a lot of money which would otherwise be lost in a severe bear market... Like now...
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teeth53
Supreme |
07-May-2010 07:25
Yells: "don't learn through life, learn to grow with life " |
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Is not about any others reason, is about mkt diving. DOW dive by almost a thousand points. Panic sends Dow to worst ever drop, The crash began shortly before 2:25 local time, when in a white-knuckle 20 minutes America's top 30 firms saw their share prices dive 998.5 points, almost nine percent, wiping out billions in market value |
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wishbone
Master |
06-May-2010 12:46
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They suka suka withdraw and all those who oreli applied kena charged by the banks. New Century kena F***** by all these ppl and all these ppl kena chia (eaten) by the bank on the charges. The Ultimate winners are the banks. This is not laughing all the way to the bank but rather the bank laughing all the way from lowest rank to the President/CEO. |
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AK_Francis
Supreme |
06-May-2010 12:25
Yells: "Happy go lucky, cheers." |
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Ha ha, dear comrade, 2 or 5, treats them as tuition fee loh!! Or had taken a bowl of 1.80 chicken rice or 2.00 noodles, at Ubi Ave 1 Blk 327 kopitiam, cheap n good loh.
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tthsteve
Member |
06-May-2010 10:49
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alamak. for nothing wasted $2 service fee @ ATM. Those who paid by cashier's order will pay $5 or more. Will they refund this $2. |
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teeth53
Supreme |
05-May-2010 21:03
Yells: "don't learn through life, learn to grow with life " |
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So it is not this. nor it is this as well. but this one below. M'sian submarine http://www.straitstimes.com/BreakingNews/SEAsia/Story/STIStory_489394.html
teeth53 thot - There is some technicality that aborted such big ship, just can't allow to dive like sub. Like this M'sia sub above. Fault maybe found, repair and to refloat this big ship again, maybe back after six mths. |
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soloman
Master |
05-May-2010 18:05
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I NOW THINK RETAIL INVESTORS ARE TELLING THEM TO GO BACK HOME THEY ARE NOT WELCOME HERE EVER ... SGX - YOU LET THEM IN INITIALLY .......... WHAT CAN WE INVESTORS SAY TO THAT ???
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thulasiappan
Senior |
05-May-2010 17:55
Yells: "Just a Beginner in trading" |
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China's New Century withdrew S'pore IPO after complaint-sources* Withdrawal of Singapore's biggest 2010 IPO blow for SGX * Analysts say won't affect investor sentiment for S-shares SINGAPORE, May 5 (Reuters) - China's New Century Shipbuilding withdrew its $560 million Singapore IPO after a complaint the firm left out critical information in its prospectus, sources said on Wednesday, the latest controversy over a Chinese firm listing in the city-state. The pullout of an IPO that would have been Singapore's biggest so far this year is a setback to bourse operator Singapore Exchange (SGXL.SI), which has lagged Hong Kong in attracting large IPOs from China.[ID:nSGE64401X] Two sources familiar with the deal confirmed a report in the Singapore Business Times on Wednesday that said the Chinese shipbuilder failed to disclose an ongoing legal dispute with a customer that had cancelled an order for two bulk carriers. The sources declined to be identified because of the sensitivity of the matter. The two vessels remain on the firm's order books in its initial public offering prospectus, which also said New Century was not involved in any legal proceedings, the paper said, adding a complaint had been made to the Singapore Exchange. New Century did not respond to the report or to Reuters queries. It said overnight that it was withdrawing its IPO and may list on a future date. [ID:nSGE640001]. Both Morgan Stanley (MS.N) and UBS (UBSN.VX), which handled the IPO, declined comment. SGX "does not publicly discuss its dealings with individual companies," a spokeswoman said in response to queries. Investors had been put off by a number of corporate scandals in Singapore involving Chinese companies in recent years, but Chinese shares, known as S-shares, have since recovered. "For this case, it's probably unfair to say that all S-chips are once again unreliable. I guess this one is more company specific," Terence Wong, co-head of research at DMG & Partners Securities, told Reuters. "There are obviously transparency and governance issues, but it is not to say it will be like what we saw in end-2008 and beginning 2009 where there were CEOs running away and problems with the books," he added. The withdrawal also comes at a time of investor anxiety over the fallout of euro zone debt. The Chinese firm had originally planned to raise as much as $1.24 billion but downsized the issue amid weakening market sentiment. [ID:nSGE640001] (Reporting by Saeed Azhar, Kevin Lim, Clement Quek and Harry Suhartono; Editing by Neil Chatterjee and Valerie Lee) Source: http://www.reuters.com/article/idUSSGE64402820100505 |
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L.....
Veteran |
05-May-2010 17:37
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no wonder investment banking fees went up and contributed to profits of gs, jpm, ubs, etc
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soloman
Master |
05-May-2010 17:35
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NCS - YOU ONLY WANT HIGH IPO PRICE TO MAKE TONS OF MONEY CHANCES ARE PRICE WILL TANK EVEN IN GOOD ENVIRONMENT (SEE OTHER IPOS) BUT YOU DO NOT CARE SO LONGER AS U MAKE MONEY RETAILS PEOPLE SUFFERS WHEN IT TANKS NOW IPO IS PROBABLY UNDERSUBSCRIBE IN POOR SENTIMENT .. SO U PULL OUT ... I THINK RETAIL INVESTORS ALL ARE TELLING YOU TO GO BACK HOME .................... |
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niuyear
Supreme |
05-May-2010 16:57
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Time for sGX to wake up!! OVER supply is the ENEMY of the bull. So many IPOs since past few month sresulted in many millions had been channelled into IPOs stocks (which includes coroporate buy backs, insider sales etc) and the net changed of trading floats of shares will be at the negative zone which in turn, lessening inflow cash to other stocks. If they continue to allow this, Underwriters get the money ,(as much as 8%?? commission?) the ipo company gets the money, SGX gets the money................. Investors eat shit.
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Laulan
Master |
05-May-2010 15:30
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Thank Goodness, some kindness or mercy has been seen and done? Aunties, uncles, "stags" and investors have been spared by Providence. | |||||||
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L.....
Veteran |
05-May-2010 15:23
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lets move on and close this issue.. pay last respects to NCS.. hahahha | |||||||
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AnthonyTan
Elite |
05-May-2010 15:22
Yells: "patience" |
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$2.00 X 2,000,000 = $4,000,000 | |||||||
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