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No no shorting now. Wait for price sky high...
uiop1223 ( Date: 03-Dec-2020 10:01) Posted:
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If breaks $1.18 later it will fly above $1.20 today as the shorts scrambles for shares
SmallSmall ( Date: 03-Dec-2020 10:00) Posted:
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Naked short? Dont do this
redbull888 ( Date: 03-Dec-2020 09:28) Posted:
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This one better not short. The float is extremely small and placements to institutions are in strong hands.
Pretty sure there are some who may have shorted seeing its IPO price at $0.93 and now $1.16
Pretty sure there are some who may have shorted seeing its IPO price at $0.93 and now $1.16
redbull888 ( Date: 03-Dec-2020 09:28) Posted:
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it' s all about what bb and funds do.. if u notice in stock market all over the world, there are many counters trading at very low p/e, and some that are trading at astromically high price even without profit (ie cant even use p/e to gauge since making losses).. it all depend on what funds and bb want to do.. on logical terms and figures, this CBA is overvalue since we can find tonnes of counters trading at lower p/e than CBA.. but if bb think it is not overvalue, who are we to dispute.. just like diamond which is just carbon, but market is valuing it at high price
redbull888 ( Date: 03-Dec-2020 09:28) Posted:
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can short?
Credit Bureau Asia' s IPO 60.8 times subscribed
CREDIT Bureau Asia (CBA) received applications from retail investors for 60.8 times the number of shares available in the public portion of its initial public offering (IPO), it announced on Wednesday.
With 1.5 million shares available to the public for subscription, it received more than 4,000 valid applications for about 91.3 million shares, with application monies received amounting to S$84.9 million.
Additionally, the credit- and risk-information solutions provider also attracted " strong interest" for its 28.5 million placement shares from institutional and other investors Lion Global Investors, Affin Hwang Asset Management, Albizia Capital and New Silk Road Investment had subscribed for and purchased five per cent or more of the offering shares.
With a total of 230.39 million issued shares, the company' s market value at the IPO price of S$0.93 per share will be about S$214.3 million.
Of the IPO' s closing, Kevin Koo, founder and executive chairman of CBA, said: " Both institutional and retail investors have demonstrated their confidence in our company and their appreciation of our resilient cash-generative business model and growth plans.
" With their support, we will strive hard to take CBA to new heights and generate sustainable returns for our shareholders."
Separately, cornerstone investors Aberdeen Standard Investments (Asia), Affin Hwang Asset Management, Eastspring Investments (Singapore) and Tokyo Shoko Research had subscribed for a total of 28 million new shares, constituting a 12.2 per cent stake in the company after completion of the offering and the issuance of the cornerstone shares.
The estimated net proceeds to CBA from the offering and issuance of cornerstone shares, after deducting underwriting commissions and estimated expenses relating to the offering payable by the company and vendors but excluding any discretionary incentive fees, is about S$23.6 million.
Trading of shares is expected to commence at 9am on Thursday.
last earnings is 7mil.. based on 230mil total shares, that translate to about 3cents eps.. at 93cents IPO, that' s about 30+ time in terms of p/e.. based on 1.15 price now, nearly 40 p/e.. another overvalue counter (relative to many of our below 10 p/e counters) that is strongly supported by funds
This type list in HK better. SG market no energy
Now. Its now $1.15
when trading
Its 60+ times subscribed. I only got 1.4k shares
Sure or not? Nanofilm from ipo until now still super bull le..this one a bit tricky..can watch the action first..
WhereI ( Date: 03-Dec-2020 09:09) Posted:
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Any stock that runs so fast on ipo we can wait till it settles.
Contratrader ( Date: 03-Dec-2020 09:07) Posted:
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Simi stock...anyone can comments...run so fast from ipo 93c