SIA    Last:6.93    -0.12

SIA

i find the charges for cfd about s$40 each trade leg to be high for cfd phillips.  a round trade will be $80.  In the long run,  we make money for Poems and how much can you make as short term trader..?
anybody get experience if SAXO online really can be mucher cheaper for CFD .
Good trade if can hold a  short  after June8 when all the shares hit the market.  Now it is a bit tricky to short as the bear traps are all around.  Short possibly near top of a squeeze.  Also have to  lookout for BBs /Temasek might preempt everyone and dump the stocks now as SIA already got all the money they need.
 

uiop1223      ( Date: 30-May-2020 18:59) Posted: Depends on each stock. For sia, i shorted using cfd as no shares available to borrow on poems. newbieliu      ( Date: 30-May-2020 15:49) Posted: Does SBL have higher interest rate than CFD?

 

Should be only orginal shareholder entitled. Cheers

Longtermer      ( Date: 30-May-2020 17:52) Posted: It is quite standard arrangement for non original shareholder given the rights to be entitled apply for excess shares when they subscribe. Those who bought rights grom the market are not entitled. The experienced players should know.

 

Depends on each stock. For sia, i shorted using cfd as no shares available to borrow on poems.

newbieliu      ( Date: 30-May-2020 15:49) Posted: Does SBL have higher interest rate than CFD?  uiop1223      ( Date: 30-May-2020 12:13) Posted: SBL is not difficult. I use this to short too. Some stocks dont have CFD. For poems, u just do a normal sell in the mkt and inform broker. He will do the adj at backend. Of coz before u short, u need to check how many shares does the brokerage firm has. For poems, u can check online or ask ur broker. When u want to cover back, just buy as per normal and inform your broker. He will do some backend stuff. So far so good for me. Stocks like ARAH cant be short using cfd and need to try SBL if got shares to borro

 

Sigh... excess rights are only available to shareholders, you are not a shareholder if you only hold the rights (and not the mother share), excess rights application occurs BEFORE the rights are converted to shares so you cannot just buy the rights after XR and apply for excess because YOU ARE NOT A SHAREHOLDER AT THE TIME OF EXCESS RIGHTS APPLICATION. Geddit? 

investshare      ( Date: 30-May-2020 15:55) Posted: No such thing. All Right holders are treated equally. littleones      ( Date: 30-May-2020 15:07) Posted: For SIA case, where was it specifically written that if you are not a shareholder before XR, you are not entitled to apply for excess right shares

 

It is quite standard arrangement for non original shareholder given the rights to be entitled apply for excess shares when they subscribe. Those who bought rights grom the market are not entitled.
The experienced players should know.

 

 

No such thing. All Right holders are treated equally.

littleones      ( Date: 30-May-2020 15:07) Posted: For SIA case, where was it specifically written that if you are not a shareholder before XR, you are not entitled to apply for excess right shares? nngeeh      ( Date: 30-May-2020 15:02) Posted: I agree. Unless you are a shareholder before XR, you can' t get any excess. This apply to all SGX shares, not just SIA

 

Does SBL have higher interest rate than CFD? 

uiop1223      ( Date: 30-May-2020 12:13) Posted: SBL is not difficult. I use this to short too. Some stocks dont have CFD. For poems, u just do a normal sell in the mkt and inform broker. He will do the adj at backend. Of coz before u short, u need to check how many shares does the brokerage firm has. For poems, u can check online or ask ur broker. When u want to cover back, just buy as per normal and inform your broker. He will do some backend stuff. So far so good for me. Stocks like ARAH cant be short using cfd and need to try SBL if got shares to borrow Horseman1234      ( Date: 30-May-2020 12:03) Posted:   i believe @Veteran is refering to SBL where scripts are borrowed for you to short.  very complex.  Mostly the BB do it.  What most  retails traders who wants to short  do is CFD selling.  CFD is like a bucket shop.  There is no actual shares delivery involved just a market makers who takes the counterparty risk and set the buy sell price.  Now here is a very useful information for all those who wish to short!!!  Whenever the BBs or syndicate wants to squeeze short sellers and push price up,  they cannot have short sellers hit them at the top.  so the CFD short must be locked up.    You can check out the stock CFD ( L/S)  some will suddenly becomes ( L  only ).  Either the market maker also suspect  a squeeze is coming and dont want to get hit with a short at the top or the BBs took all the short position until the market marker can no longer hedge his position and offer a bid/ask price,  . whatever my observation is ...it is an excellent indicator of which stock is being collected for push and dump operation

 

I dont think it is specified? It is a public listed company,... excess rights would be made available to the rest?

littleones      ( Date: 30-May-2020 15:07) Posted: For SIA case, where was it specifically written that if you are not a shareholder before XR, you are not entitled to apply for excess right shares? nngeeh      ( Date: 30-May-2020 15:02) Posted: I agree. Unless you are a shareholder before XR, you can' t get any excess. This apply to all SGX shares, not just SIA

 

For SIA case, where was it specifically written that if you are not a shareholder before XR, you are not entitled to apply for excess right shares?

nngeeh      ( Date: 30-May-2020 15:02) Posted: I agree. Unless you are a shareholder before XR, you can' t get any excess. This apply to all SGX shares, not just SIA. xtraderx      ( Date: 30-May-2020 14:54) Posted: No thats how it works. You won' t get any excess rights shares

 

I agree. Unless you are a shareholder before XR, you can' t get any excess. This apply to all SGX shares, not just SIA.

xtraderx      ( Date: 30-May-2020 14:54) Posted: No thats how it works. You won' t get any excess rights shares. Trader1987      ( Date: 30-May-2020 14:00) Posted: I don think it works this way. Imagine the take up rate is very low, I am sure SIA would what those " unsubscribed" shares to be sold to those who applied excess, including non-SIA Shareholders before Ex-rights

 

No thats how it works. You won' t get any excess rights shares.

Trader1987      ( Date: 30-May-2020 14:00) Posted: I don think it works this way. Imagine the take up rate is very low, I am sure SIA would what those " unsubscribed" shares to be sold to those who applied excess, including non-SIA Shareholders before Ex-rights  Wildspider      ( Date: 30-May-2020 12:07) Posted: xtraderx. You are right bec someone has email to SIA Shareinvestor Relation and got a similar reply from SIA Shareinvestor Relation on what you have said with a certain particular clauses pointed out on this issue. This means Trader1987 can apply for excess rights over ATM but ultimately, the excess rights application will be rejected by the system since he is not a shareholder before ex-rights date

 

The SIA price was around 3.6 ~ 3.8 before the rights application closes ..... At this price, the excess for SIA R will definitely be oversubscribed. No need Ah Kong' s help here.

However, Ah Kong will definitely be required to sweep all the MCB .....

Trader1987      ( Date: 30-May-2020 14:00) Posted: I don think it works this way. Imagine the take up rate is very low, I am sure SIA would what those " unsubscribed" shares to be sold to those who applied excess, including non-SIA Shareholders before Ex-rights  Wildspider      ( Date: 30-May-2020 12:07) Posted: xtraderx. You are right bec someone has email to SIA Shareinvestor Relation and got a similar reply from SIA Shareinvestor Relation on what you have said with a certain particular clauses pointed out on this issue. This means Trader1987 can apply for excess rights over ATM but ultimately, the excess rights application will be rejected by the system since he is not a shareholder before ex-rights date

 

I don think it works this way. Imagine the take up rate is very low, I am sure SIA would what those " unsubscribed" shares to be sold to those who applied excess, including non-SIA Shareholders before Ex-rights 

Wildspider      ( Date: 30-May-2020 12:07) Posted: xtraderx. You are right bec someone has email to SIA Shareinvestor Relation and got a similar reply from SIA Shareinvestor Relation on what you have said with a certain particular clauses pointed out on this issue. This means Trader1987 can apply for excess rights over ATM but ultimately, the excess rights application will be rejected by the system since he is not a shareholder before ex-rights date. xtraderx      ( Date: 29-May-2020 23:58) Posted: Only shareholders before ex-rights date are eligible for excess rights, you can apply for excess rights if you bought the rights after XR, but you don' t actually qualify for them

 

Wow thanks! You are of great help, really appreciate it 

uiop1223      ( Date: 30-May-2020 04:18) Posted: U will know when u see how much money is being refunded to u. Also, if u have CDP online, u can login to check the shares credited or call the CDF hotline to check how many shares balance but it will take a longer time to reflect. Checking your bank acct is fastest. Trader1987      ( Date: 29-May-2020 23:10) Posted: Any kind hearted soul can tell me, when do we know how many shares of SIA (excess rights application) are we being awarded with? Thanks. I bought the rights shares from open market and oversubscribed it (by a lot) - I know I won' t get all, but how do I know how many shares am I allocated with? And when do I know? Thank you very much in advance.

 

Singapore, China to launch 'fast lane' arrangement with COVID-19 measures for essential business, official travel

It's time to long lah. The days of shorting is over. Shorting should be done weeks ago. It's time to long. The world is reopening second wave or not.

Just some simple hard data. Out if 15,000 to 20,000 foreigner workers infected, how many have died?
ZERO. Doesn't this tell you some thing about the severity of COVID 19 ? The mortality rate has not changed a bit. Just protect the elderly and the weaker ones and life must resume for the rest but with masks on :)

 

SBL is not difficult. I use this to short too. Some stocks dont have CFD. For poems, u just do a normal sell in the mkt and inform broker. He will do the adj at backend. Of coz before u short, u need to check how many shares does the brokerage firm has. For poems, u can check online or ask ur broker.

When u want to cover back, just buy as per normal and inform your broker. He will do some backend stuff. So far so good for me. Stocks like ARAH cant be short using cfd and need to try SBL if got shares to borrow

Horseman1234      ( Date: 30-May-2020 12:03) Posted:   i believe @Veteran is refering to SBL where scripts are borrowed for you to short.  very complex.  Mostly the BB do it.  What most  retails traders who wants to short  do is CFD selling.  CFD is like a bucket shop.  There is no actual shares delivery involved just a market makers who takes the counterparty risk and set the buy sell price.  Now here is a very useful information for all those who wish to short!!!  Whenever the BBs or syndicate wants to squeeze short sellers and push price up,  they cannot have short sellers hit them at the top.  so the CFD short must be locked up.    You can check out the stock CFD ( L/S)  some will suddenly becomes ( L  only ).  Either the market maker also suspect  a squeeze is coming and dont want to get hit with a short at the top or the BBs took all the short position until the market marker can no longer hedge his position and offer a bid/ask price,  . whatever my observation is ...it is an excellent indicator of which stock is being collected for push and dump operation. nngeeh      ( Date: 29-May-2020 20:20) Posted: I am not sure about now .... but when the SIA price was 4.4 (second or third day after xR), you couldn' t short via Philips security (CFD). I believe Philips Security might own some SIA shares ... or they borrow from their custodian holding (those who authorised them and earn interest) or maybe they will get the shares from SGX .... If they dun have any spare shares ...and can' t borrow from SGX to put into the CFD, you can' t short on their CFD platform

 

Likely very few excess right still be given in view of the price premium over rights exercise.

 

xtraderx. You are right bec someone has email to SIA Shareinvestor Relation and got a similar reply from SIA Shareinvestor Relation on what you have said with a certain particular clauses pointed out on this issue. This means Trader1987 can apply for excess rights over ATM but ultimately, the excess rights application will be rejected by the system since he is not a shareholder before ex-rights date.

xtraderx      ( Date: 29-May-2020 23:58) Posted: Only shareholders before ex-rights date are eligible for excess rights, you can apply for excess rights if you bought the rights after XR, but you don' t actually qualify for them. Trader1987      ( Date: 29-May-2020 23:51) Posted: Sorry I don get you. I bought 1100 right shares from the open market. Yesterday I went to ATM to convert into SIA shares @ $3, and oversubscribed i

 

  i believe @Veteran is refering to SBL where scripts are borrowed for you to short.  very complex.  Mostly the BB do it. 
What most  retails traders who wants to short  do is CFD selling.  CFD is like a bucket shop.  There is no actual shares delivery involved just a market makers who takes the counterparty risk and set the buy sell price. 
Now here is a very useful information for all those who wish to short!!!  Whenever the BBs or syndicate wants to squeeze short sellers and push price up,  they cannot have short sellers hit them at the top.  so the CFD short must be locked up.   
You can check out the stock CFD ( L/S)  some will suddenly becomes ( L  only ).  Either the market maker also suspect  a squeeze is coming and dont want to get hit with a short at the top or the BBs took all the short position until the market marker can no longer hedge his position and offer a bid/ask price,  .
whatever my observation is ...it is an excellent indicator of which stock is being collected for push and dump operation.

nngeeh      ( Date: 29-May-2020 20:20) Posted: I am not sure about now .... but when the SIA price was 4.4 (second or third day after xR), you couldn' t short via Philips security (CFD). I believe Philips Security might own some SIA shares ... or they borrow from their custodian holding (those who authorised them and earn interest) or maybe they will get the shares from SGX .... If they dun have any spare shares ...and can' t borrow from SGX to put into the CFD, you can' t short on their CFD platform. uiop1223      ( Date: 29-May-2020 18:10) Posted: Im curious. How they lock? They entered into short positions at very high price such that no further contracts can be shorted but at same time, the transcations will not happen because they que to short at high price.. say $5

 

Yes, look like the balance money not yet credited back. Most probably have to wait till next working day.

uiop1223      ( Date: 30-May-2020 04:18) Posted: U will know when u see how much money is being refunded to u. Also, if u have CDP online, u can login to check the shares credited or call the CDF hotline to check how many shares balance but it will take a longer time to reflect. Checking your bank acct is fastest. Trader1987      ( Date: 29-May-2020 23:10) Posted: Any kind hearted soul can tell me, when do we know how many shares of SIA (excess rights application) are we being awarded with? Thanks. I bought the rights shares from open market and oversubscribed it (by a lot) - I know I won' t get all, but how do I know how many shares am I allocated with? And when do I know? Thank you very much in advance.