Rex Intl    Last:0.071    +0.003

Rex International

wondering how it will perform on monday...today been almost on a yoyo flight...up and down all the time

 

T Rex today short sell only 5 lot, but why at the last minute buyer so hurry to buy all the 0.735 n 0.740, and the balance of 65 lot have to change to 0.750 to fight with last entry of 400 lot of 0.750
They are not short cover! Why?
Monday will know!

 

Precisely that is the announcement from the underwriter with regards to its stablishing shares which  they did not use.This has to be reported as per dateline.

No need to be so excited.

Gooners1975      ( Date: 29-Aug-2013 23:43) Posted: have to say that actually Rex does not even need stabilising as it has performed way much much better than expected from its initial pricing

 

yep, that delay in the attack on Syria pending the UN's report due over the weekend has helped to calm some nerves and push the market up. 

  if and when the attack starts, expect everything to go red again very fast 

 

Share trading will continue from where is stop today.

Pending oneself risk appetite, mkt BBs play, anyway - DOW is Green green tonite, +80 points  and so on...anyway.

Rex should be oso abit in green. finishing can be abit flat to abit +ve upside. Tml STI mkt green.

Gooners1975      ( Date: 29-Aug-2013 21:55) Posted: wondering what will the impact be in the morning.....these past 2 days near closing time, lots of buying happening and pushes up the price

 

have to say that actually Rex does not even need stabilising as it has performed way much much better than expected from its initial pricing

 

Check with broker...?. Hope do know The mgr (UOB Kay hian)  hav to made announcment to as according to rule and regulation in SGX-ST. 

UOB Kay Hian Private Limited as the Stabilising Manager in respect of the Invitation, hereby announces the following:....

MISCELLANEOUS :: EXERCISE OF OVER-ALLOTMENT OPTION AND CESSATION OF STABILISING ACTION IN RELATION TO THE INVITATION IN RESPECT OF 142,500,000 INVITATION SHARES COMPRISING 2,500,000 INVITATION SHARES BY WAY OF PUBLIC OFFER AND 140,000,000 INVITATION SHARES

Simpsons      ( Date: 29-Aug-2013 22:23) Posted: hmm..i dun think will toh..but a bit strange to have placement as it is a new ipo..tomorrow check with broker..

 

thanks for the enlightenment ...

teeth53      ( Date: 29-Aug-2013 23:32) Posted: Before  - Rex International is offering  142.5m new shares at $0.50 each for a Catalist listing. i) 140m shares is for an international placement and ii) 2.5m shares is for a public offering...and after... Now - SGX-ST. Announcement nos 67...EXERCISE OF OVER-ALLOTMENT OPTION AND CESSATION OF STABILISING ACTION IN RELATION TO THE INVITATION IN RESPECT OF.............item i) and item ii). hopefully. teeth53 thot - it is fairly common as according to rule, it must announced it. Cessation of Stabilising....... Ptmptm      ( Date: 29-Aug-2013 20:04) Posted: http://infopub.sgx.com/FileOpen/RIH_overallotment_Final.ashx?App=Announcement&FileID=254372 Share placement just announced at .5!

 

Before  - Rex International is offering  142.5m new shares at $0.50 each for a Catalist listing.

i) 140m shares is for an international placement and

ii) 2.5m shares is for a public offering...and after...

Now - SGX-ST. Announcement nos 67...EXERCISE OF OVER-ALLOTMENT OPTION AND CESSATION OF STABILISING ACTION IN RELATION TO THE INVITATION IN RESPECT OF.............item i) and item ii). hopefully.

teeth53 thot - it is fairly common as according to rule, it must announced it. Cessation of Stabilising.......

Ptmptm      ( Date: 29-Aug-2013 20:04) Posted: http://infopub.sgx.com/FileOpen/RIH_overallotment_Final.ashx?App=Announcement&FileID=254372 Share placement just announced at .5!

 

Before  - Rex International is offering  142.5m new shares at $0.50 each for a Catalist listing.

i) 140m shares is for an international placement and

ii) 2.5m shares is for a public offering...and after...

Now - SGX-ST. Announcement nos 67...EXERCISE OF OVER-ALLOTMENT OPTION AND CESSATION OF STABILISING ACTION IN RELATION TO THE INVITATION IN RESPECT OF.............item i) and item ii). hopefully.

 

Personally I think that placement after iPo is a great achievement.
You think any dog dick and Harry company wants to do placement , people will want take the placement??
Haha

Simpsons      ( Date: 29-Aug-2013 22:50) Posted: Let us not be too optimistic as it is very strange to have placement for a new ipo. Pls trade with care.

 

sorry pasted too much lol

muifan      ( Date: 29-Aug-2013 22:51) Posted: Was curious about this over allotment thingy... went to read abit, for those that are curious: definition of overallotment: Definition of 'Overallotment' An option commonly available to underwriters that allows the sale of additional shares that a company plans to issue in an initial public offering or secondary/follow-on offering. An overallotment option allows underwriters to issue as many as 15% more shares than originally planned. The option can be exercised within 30 days of the offering, and it does not have to be exercised on the same day. Also called a " greenshoe option" . Investopedia explains 'Overallotment' The underwriters of such an offering may elect to exercise the overallotment option when demand for shares is high and shares are trading above the offering price. This scenario allows the issuing company to raise additional capital. Other times, the purpose of issuing extra shares is to stabilize the price of the stock and prevent it from going below the offering price. If the stock price drops below the offering price, the underwriters can buy back some of the shares for less than they were sold for, decreasing the supply and hopefully increasing the price. If the stock rises above the offering price, the overallotment agreement allows the underwriters to buy back the excess shares at the offering price, so that they don't lose money. Definition of 'Overallotment' An option commonly available to underwriters that allows the sale of additional shares that a company plans to issue in an initial public offering or secondary/follow-on offering. An overallotment option allows underwriters to issue as many as 15% more shares than originally planned. The option can be exercised within 30 days of the offering, and it does not have to be exercised on the same day. Also called a " greenshoe option" . Investopedia explains 'Overallotment' The underwriters of such an offering may elect to exercise the overallotment option when demand for shares is high and shares are trading above the offering price. This scenario allows the issuing company to raise additional capital. Other times, the purpose of issuing extra shares is to stabilize the price of the stock and prevent it from going below the offering price. If the stock price drops below the offering price, the underwriters can buy back some of the shares for less than they were sold for, decreasing the supply and hopefully increasing the price. If the stock rises above the offering price, the overallotment agreement allows the underwriters to buy back the excess shares at the offering price, so that they don't lose money. An option commonly available to underwriters that allows the sale of additional shares that a company plans to issue in an initial public offering or secondary/follow-on offering. An overallotment option allows underwriters to issue as many as 15% more shares than originally planned. The option can be exercised within 30 days of the offering, and it does not have to be exercised on the same day. Investopedia explains 'Overallotment' The underwriters of such an offering may elect to exercise the overallotment option when demand for shares is high and shares are trading above the offering price. This scenario allows the issuing company to raise additional capital. Other times, the purpose of issuing extra shares is to stabilize the price of the stock and prevent it from going below the offering price. If the stock price drops below the offering price, the underwriters can buy back some of the shares for less than they were sold for, decreasing the supply and hopefully increasing the price. If the stock rises above the offering price, the overallotment agreement allows the underwriters to buy back the excess shares at the offering price, so that they don't lose money

 

Was curious about this over allotment thingy...

went to read abit, for those that are curious:

definition of overallotment:

Definition of 'Overallotment' An option commonly available to underwriters that allows the sale of additional shares that a company plans to issue in an initial public offering or secondary/follow-on offering. An overallotment option allows underwriters to issue as many as 15% more shares than originally planned. The option can be exercised within 30 days of the offering, and it does not have to be exercised on the same day. Also called a " greenshoe option" .

Investopedia explains 'Overallotment' The underwriters of such an offering may elect to exercise the overallotment option when demand for shares is high and shares are trading above the offering price. This scenario allows the issuing company to raise additional capital. Other times, the purpose of issuing extra shares is to stabilize the price of the stock and prevent it from going below the offering price. If the stock price drops below the offering price, the underwriters can buy back some of the shares for less than they were sold for, decreasing the supply and hopefully increasing the price. If the stock rises above the offering price, the overallotment agreement allows the underwriters to buy back the excess shares at the offering price, so that they don't lose money.

Definition of 'Overallotment' An option commonly available to underwriters that allows the sale of additional shares that a company plans to issue in an initial public offering or secondary/follow-on offering. An overallotment option allows underwriters to issue as many as 15% more shares than originally planned. The option can be exercised within 30 days of the offering, and it does not have to be exercised on the same day. Also called a " greenshoe option" .

Investopedia explains 'Overallotment' The underwriters of such an offering may elect to exercise the overallotment option when demand for shares is high and shares are trading above the offering price. This scenario allows the issuing company to raise additional capital. Other times, the purpose of issuing extra shares is to stabilize the price of the stock and prevent it from going below the offering price. If the stock price drops below the offering price, the underwriters can buy back some of the shares for less than they were sold for, decreasing the supply and hopefully increasing the price. If the stock rises above the offering price, the overallotment agreement allows the underwriters to buy back the excess shares at the offering price, so that they don't lose money.

An option commonly available to underwriters that allows the sale of additional shares that a company plans to issue in an initial public offering or secondary/follow-on offering. An overallotment option allows underwriters to issue as many as 15% more shares than originally planned. The option can be exercised within 30 days of the offering, and it does not have to be exercised on the same day.

Investopedia explains 'Overallotment'

The underwriters of such an offering may elect to exercise the overallotment option when demand for shares is high and shares are trading above the offering price. This scenario allows the issuing company to raise additional capital.

Other times, the purpose of issuing extra shares is to stabilize the price of the stock and prevent it from going below the offering price. If the stock price drops below the offering price, the underwriters can buy back some of the shares for less than they were sold for, decreasing the supply and hopefully increasing the price. If the stock rises above the offering price, the overallotment agreement allows the underwriters to buy back the excess shares at the offering price, so that they don't lose money

 

Let us not be too optimistic as it is very strange to have placement for a new ipo. Pls trade with care.

 

Unless I misinterpret, I guess the opinion is that Rex will rise

Ptmptm      ( Date: 29-Aug-2013 22:32) Posted: With just 5.3 million shares traded today, this share placement took many traders by surprise. I guess alot of traders who lose $$$ on Rex really miss the boat this time. Sigh...

 

Are we expecting Rex to rise?

 

With just 5.3 million shares traded today, this share placement took many traders by surprise. I guess alot of traders who lose $$$ on Rex really miss the boat this time. Sigh...

 

hmm..i dun think will toh..but a bit strange to have placement as it is a new ipo..tomorrow check with broker..

 

toh...

Gooners1975      ( Date: 29-Aug-2013 21:55) Posted: wondering what will the impact be in the morning.....these past 2 days near closing time, lots of buying happening and pushes up the price

 

wondering what will the impact be in the morning.....these past 2 days near closing time, lots of buying happening and pushes up the price