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SIA
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SIA
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nngeeh
Veteran |
15-May-2020 11:36
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The SIA right is selling at $0.755 now. If u sell, u will only get back 0.755. If  you subscribed at $3, and when u get the share into your CDP (in around16 more days), and if the SIA price is still around $3.83, you will sell your SIA share and earn $3.83 - $3. However, not sure if SIA will stay at $3.83. Very likely it' ll drop back to 3.7+ when the rights are converted.  
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lingua101
Veteran |
15-May-2020 11:32
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so you do not think the MCB Rights will be traded higher than 1 cents?
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limcs84
Member |
15-May-2020 11:29
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Hi, can I say that SIA price at the market right now is considered the right price?  So which means, if I bought and have the SIA Rights already. So technically I can sell my Rights share now at the stock market  and earn that $3.83-$3.00? Am I right to say that? | ||||
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nngeeh
Veteran |
15-May-2020 11:25
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Judging from the MCB rights price, the MCB will be most likely traded like a bond and may not be influenced much even if the mother share goes up. The catch is that if SIA doesn' t redeem, the share will be converted only after 10yrs at technically $2.67 (if you add interest and conversion at $4+). However, if mother shoots up to say $7, SIA has the rights to redeem and pay with just 4% culmulative interest ...... which will not compensate the different with the mother share price. However, if mother drops to say $2 after 10yrs, it will force to convert into SIA at $2.67. Doesn' t seem to protect the MCB investors much. I believe it might open at most $1.01? U still get to earn 1% if you buy now at 0.001?
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satruz
Master |
15-May-2020 11:20
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Ya, that D guy.... getting irritating 😒
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Acl2013
Veteran |
15-May-2020 11:11
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When every one said its bad, so I buy now at 3.81 filled  | ||||
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lingua101
Veteran |
15-May-2020 11:09
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so confirm i will get the MCB rights on CPF right.  so I have to sell it. I asked the bank how many I have.  they cannnot tell and ask me to wait for the letter which they said they  have sent out on 13-May :( If I have 1000 shares, should i just MBC rights of 2950 shares at 1 cents?  
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newbieliu
Elite |
15-May-2020 11:09
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LOL dont you think he sounded like someone...
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sncm3425
Senior |
15-May-2020 11:02
Yells: "Greed is foolish" |
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You either have to sell off or buy with cash
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lingua101
Veteran |
15-May-2020 10:58
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I just call DBS, as I have holding using CPF.    The CS told me MCB rights cannot use CPF only Cash and SRS.    But this does not mean I will not get alloted right?    Just I cannot subsribe to it so I have to sell it off. Am I right?   |
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nngeeh
Veteran |
15-May-2020 10:52
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I believe it will hold at the current level or maybe high 3.7+ for short term ..... i still think 3.70 will be the bottom until the next Q result. Loses is expected ... but whether it is within expection. If the loses balloon, it will drop below $3.7 (my view) | ||||
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westpoison
Veteran |
15-May-2020 10:51
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Please stop posting such a nuisance text in all thread.
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Oldman278
Senior |
15-May-2020 10:48
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Exactly.. that?s our Gs and cronies.. clowns..
During a time where all Need to wear mask, the clowns give tons of excuse not to wear ... and then suddenly one statement ? things changed? ... all must wear and will be FINED for not wearing.., what a great circus!!
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commoner
Senior |
15-May-2020 10:47
Yells: "I cannot post anymore... Dont come to my thread!" |
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STOP SELLING!!! | ||||
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takashinzy
Member |
15-May-2020 10:44
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SIA share inches up aft the bad financial report? what logic. lol.. | ||||
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commoner
Senior |
15-May-2020 10:27
Yells: "I cannot post anymore... Dont come to my thread!" |
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NO!!!!!!!!!!!!!!!!!!!!!!!!!!!!! | ||||
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limkt009
Master |
15-May-2020 10:25
Yells: "Watch your front, grab $$$$$$$$ at your own time" |
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It is common err.
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commoner
Senior |
15-May-2020 10:23
Yells: "I cannot post anymore... Dont come to my thread!" |
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NO!!!!!
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stanleytay
Master |
15-May-2020 10:21
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Drop then you short and make money from it lor. Its not as if mkt listen to people here.
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westpoison
Veteran |
15-May-2020 10:19
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hope white knight come in boost the price to 0.019. I will huatt big time.
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