29-05-2013, 11:44 PM
30-05-2013, 09:01 AM
opened below 90 cents, lousy counter, sell down, gg
30-05-2013, 09:24 AM
I doubt it will close below 90 cents as stabilising agent will have to do their job
30-05-2013, 09:28 AM
What is the "lock-up" period for main shareholders? After the "lock-up" period, then we will usually see the real "stabilising" prices. 30 days or more?
@ 90 cents seem to be the stabilising price now. Wonder what is the lowest supporting price. Who like to "Tikum"?
@ 90 cents seem to be the stabilising price now. Wonder what is the lowest supporting price. Who like to "Tikum"?
30-05-2013, 01:24 PM
From the prospectus, the Lock-Up Period for Sponsor is 180 days.
There's no mention of the any lock-up period for the cornerstone investors; so we will have to wait for SGX announcement to see if they have been in the market.
There's no mention of the any lock-up period for the cornerstone investors; so we will have to wait for SGX announcement to see if they have been in the market.
30-05-2013, 02:32 PM
(30-05-2013, 01:24 PM)lonewolf Wrote: [ -> ]From the prospectus, the Lock-Up Period for Sponsor is 180 days.
There's no mention of the any lock-up period for the cornerstone investors; so we will have to wait for SGX announcement to see if they have been in the market.
If I'd recorded correctly, only one cornerstone, EastSpring (Prudential co.) has a substantial stake of 6.4%. For the rest, we'll not know if they do sell...
In recent times, I noticed that altho' the Biz Trust IPOs may have numerous cornerstone investors, at most only 1-2 will hold a >5% stake. Either it's so hot that they'd been alloted only a non-substantial % or they prefer it that way so that they can easily turn short term without getting any unfavourable attention, esp. if they also happen to be Value kind of funds...
30-05-2013, 03:36 PM
Very good point.
Still the cornerstone investors hold 361,531,914 units or 24%. There are 8 cornerstone investors (excluding EastSpring); so each on average held 3% or 45+ million units. That is still quite substantial enough to create a selling overhung.
Still the cornerstone investors hold 361,531,914 units or 24%. There are 8 cornerstone investors (excluding EastSpring); so each on average held 3% or 45+ million units. That is still quite substantial enough to create a selling overhung.
30-05-2013, 10:59 PM
(30-05-2013, 03:36 PM)lonewolf Wrote: [ -> ]Very good point.
Still the cornerstone investors hold 361,531,914 units or 24%. There are 8 cornerstone investors (excluding EastSpring); so each on average held 3% or 45+ million units. That is still quite substantial enough to create a selling overhung.
They have $ to be wrong term... let them be...
31-05-2013, 06:17 PM
31-05-2013, 06:24 PM
(31-05-2013, 06:17 PM)lonewolf Wrote: [ -> ] Stabilising Action Day 2
2,265,000 units purchased at $0.915 to $0.935
That's Day 3. I didn't see any for Day 2 (30-May).
An interesting substantial shareholder SGX Annc by Morgan Stanley where on 29-May, their deemed interest increased from 8,867,747 (0.6172%) to 159,447,515 (11.0974%). Have not checked if they're related to any interested parties eg. Stabilising Mgr / Underwriter for this IPO.