Let's talk stocks & IPO

[Chocs]

Re: Let's talk stocks & IPO

I think the Singpost 4.25% makes more sense. AA -rated issue.

In general, buyers of preferred shares need to understand that it is not a bond. It pays dividend, not coupon/interest. A company can choose NOT to pay dividend, though if it does so, it cannot pay ordinary shareholders (most of the time, parent) although it might have a cumulative clause.

Can a company not pay coupon/interest on a bond? No, unless it is in a default scenario.

Oh Tks Kenntona, I didn't knw Co can choose not 2 pay dividends..

 

[kenntona]

Re: Let's talk stocks & IPO

Of course. Dividends are not assured.

In the order of "subordination" (seniority of debt), interests ranked above dividends.

 

[ipoh-horfun]

Re: Let's talk stocks & IPO

markets like turning down.. can buy ?

 

[toiletsiao]

Re: Let's talk stocks & IPO

markets like turning down.. can buy ?

think stay on sidelines better.......lack of direction.....lack of catalyst to move up too..

 

[kenntona]

Re: Let's talk stocks & IPO

First wave of possible trend change, I tend to avoid.

 

[Luboil]

Re: Let's talk stocks & IPO

Any idea on this company LionGold?

 

[kenntona]

Re: Let's talk stocks & IPO

No comment. No analyst coverage. Check shareholders structure.

 

[toiletsiao]

Re: Let's talk stocks & IPO

Any idea on this company LionGold?

if possible try to find a copy of last week's The Edge magazine... there is a write up on this company... from what i remember this company was previously known as ThinkEnv ... right now they are working to acquire some gold mining company in africa..... do not mix up with a similar named company that sells toothpaste...

 

[ipoh-horfun]

Re: Let's talk stocks & IPO

cordlife can short ?

 

[jasonmaxima]

Re: Let's talk stocks & IPO

Bumitara IPO can subscribe?

 

[toiletsiao]

Re: Let's talk stocks & IPO

cordlife can short ?

dont do it now...the float is so small.....i think the IPO underwriters will support it.....it's easy to sqeeze up with a small float of shares......dont forget what happened to sheng siong when it ipo'ed

 

[ipoh-horfun]

Re: Let's talk stocks & IPO

so its a buy ?

 

[kenntona]

Re: Let's talk stocks & IPO

cordlife can short ?

dont do it now...the float is so small.....i think the IPO underwriters will support it.....it's easy to sqeeze up with a small float of shares......dont forget what happened to sheng siong when it ipo'ed

How to get scripts to short?

 

[ipoh-horfun]

Re: Let's talk stocks & IPO

How to get scripts to short?

naked short lah...

 

[toiletsiao]

Re: Let's talk stocks & IPO

next week HPH Trust will be trading in dual currency SGD USD .... anyone has any idea how does it work in detail....the SGX and HPH announcements only give a general view....seems to me its a pricing transparency nia..instead of a form of hedge against FX risk

 

[kenntona]

Re: Let's talk stocks & IPO

next week HPH Trust will be trading in dual currency SGD USD .... anyone has any idea how does it work in detail....the SGX and HPH announcements only give a general view....seems to me its a pricing transparency nia..instead of a form of hedge against FX risk

Two tranches, nothing new. Just think along the lines of a fungible same-timezone dual listings.

It gives you a better option insofar as settlement is concerned. No FX conversion if you are SGD-based.

Of course, some traders will be thinking along the arbitrage line.

 

[kenntona]

Re: Let's talk stocks & IPO

Watch Sun Hung Kai Prop (16 HK).....

 

[toiletsiao]

Re: Let's talk stocks & IPO

Two tranches, nothing new. Just think along the lines of a fungible same-timezone dual listings.

It gives you a better option insofar as settlement is concerned. No FX conversion if you are SGD-based.

Of course, some traders will be thinking along the arbitrage line.

I'm just thinking lets say u buy HPH SGD @ 97cents (1:1.26) and HPH USD is 77cents..... what if USD depre against SGD to parity (1:1) theoritically HPH USD and SGD should be 77cents each?

 

[kenntona]

Re: Let's talk stocks & IPO

I'm just thinking lets say u buy HPH SGD @ 97cents (1:1.26) and HPH USD is 77cents..... what if USD depre against SGD to parity (1:1) theoritically HPH USD and SGD should be 77cents each?

That's half correct. Could be both 97 cents depending on which is the "mother" and which is parallel. Beta forces at play too.

But it depends on your based currency, assuming both tranches are "fungible"....

If your base is SGD, no FX risk on SGD tranche, just beta.

If your base is USD and you buy SGD tranche, then you are taking on FX risks on top of beta.

 

[toiletsiao]

Re: Let's talk stocks & IPO

That's half correct. Could be both 97 cents depending on which is the "mother" and which is parallel. Beta forces at play too.

But it depends on your based currency, assuming both tranches are "fungible"....

If your base is SGD, no FX risk on SGD tranche, just beta.

If your base is USD and you buy SGD tranche, then you are taking on FX risks on top of beta.

hmm ...

both tranches are fungible..it can be bought and sold in either denominations.. eg buy 1000 shares USD + 1000 shares SGD ... CDP will reflect as 2000 shares of HPH to u... u have the freedom to sell or buy in SGD/USD ...

I am wondering now if the price of SGD and USD tranch is independent of each other(ie treat it like 2 different shares in similar sectors eg SembMarine Keppel)... SGX also nv say if there are market makers for it to...and how if USD depre how will it affect the SGD tranche