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OCBC

Relax...within this week you will receive....75k shareholders.....take time to send..lol

lingua101      ( Date: 01-Sep-2014 17:55) Posted: i saw my CDP account has been credited with the right?    how come i never receive the letter about it and how to exercise it.   The closing of the right is 15-Sep right?

 

i saw my CDP account has been credited with the right?    how come i never receive the letter about it and how to exercise it.

 

The closing of the right is 15-Sep right?

 

 

Normally..with the listing of rights shares..share price will trend lower....

Jasonsouza77      ( Date: 01-Sep-2014 15:55) Posted: i bought in at 9.91 earlier..thought it was a good price..and now its 9.84..it may break the 9.80 support line..im hoping it doesnt of course(fingers crossed).. goondoo      ( Date: 01-Sep-2014 12:28) Posted: Will ocbc test and break $9.80 support today?

 

sigh..i hope that doesnt happen..

 

If it does break $9.8, next support level is $9 and if a major global correction then $7.65 to $8.

 

i bought in at 9.91 earlier..thought it was a good price..and now its 9.84..it may break the 9.80 support line..im hoping it doesnt of course(fingers crossed)..

goondoo      ( Date: 01-Sep-2014 12:28) Posted: Will ocbc test and break $9.80 support today?

 

Will ocbc test and break $9.80 support today?

 

Ocbc scrip div only $9.07...all long term investors should opt for share.....

edwinjup      ( Date: 01-Sep-2014 08:55) Posted: If ocbc r got $2.30 and above...maybe can sell.for those short term investors....

 

If ocbc r got $2.30 and above...maybe can sell.for those short term investors....

 

Past few days dbs and uob share have been holding quite well. Ocbc has been very weak. Technically, to give confidence to the rights subscription, ocbc should hold up but it is tanking before the rights start trading next monday. Tomolo may be worse if panic selling start before the rights start trading.

 

For all the optimistic folks, hope the $9.8 support holds next few days.otherwise its a long way down to $9.

 

If the STI has a sharp correction to 3000 together with hang seng and dow jones from 17000 to 16000, uob to $20 dbs to $16, ocbc just might see $7.65 being the weakest of the 3 banks. SIA, singtel SPH are very resillient stocks which will not drop much, hence the most volatile are the banks and the weakest among is OCBC. Remember the dow jones, s&p and much of european stocks are at historical high and have not had any major corrections for years. Unfortunately, singapore stocks did not join the uptrend but will follow the downtrend.

 

juz a normal pull back after a mth of running up... dun need to push the panic button

Sharemaker      ( Date: 28-Aug-2014 15:42) Posted: There is a limit to which share price of strong profitable company will allow their share to trade in normal circumstances. After this, they will enter the market to buy-back if they deem it as grossly under-valued. Moreover, banks are big capital stocks and they will always compare themselves against their peers. If the price is too low and under-valued, some other financial companies will take advantage to accumulate it and if they have enough financial strength, they can even bid for it. I doubt OCBC will allow it. goondoo      ( Date: 28-Aug-2014 15:21) Posted: If ocbc drop below $7.65, shareholders who subscribe to the rights would have bought a lemon.

 

There is a limit to which share price of strong profitable company will allow their share to trade in normal circumstances. After this, they will enter the market to buy-back if they deem it as grossly under-valued. Moreover, banks are big capital stocks and they will always compare themselves against their peers. If the price is too low and under-valued, some other financial companies will take advantage to accumulate it and if they have enough financial strength, they can even bid for it. I doubt OCBC will allow it.

goondoo      ( Date: 28-Aug-2014 15:21) Posted: If ocbc drop below $7.65, shareholders who subscribe to the rights would have bought a lemon.

 

but should be quite unlikely? I don' t mind buying at that price. 

goondoo      ( Date: 28-Aug-2014 15:21) Posted: If ocbc drop below $7.65, shareholders who subscribe to the rights would have bought a lemon.

 

If ocbc drop below $7.65, shareholders who subscribe to the rights would have bought a lemon.

 

 

thks much elite...

 

You got a.few.choices
1) sell all your 125 ocbc r share from.1.sep when listed
2) bought another 875 ocbc.r.share.from.1 sep when listed
3) accept all and.apply.excess...

seahth01      ( Date: 25-Aug-2014 22:01) Posted: can somebody pse help me to understand. i hv only 1 lot of OCBC and hv no intention of making up the 8 lots for the rights issue. i understand that this being the case, i wd probably be awarded the rights issue on a pro-rated basis. then what would i do with the pro-rated allocation which probably will not amount to much. i stand corrected and hope for some enligtenment to decide my next course of action..tx much

 

can somebody pse help me to understand.

i hv only 1 lot of OCBC and hv no intention of making up the 8 lots for the rights issue.

i understand that this being the case, i wd probably be awarded the rights issue on a pro-rated basis.

then what would i do with the pro-rated allocation which probably will not amount to much.

i stand corrected and hope for some enligtenment to decide my next course of action..tx much