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Chitchat SGX Failure - Manulife US Reits IPO Opens Lower
- Thread starter ckmpd
- Start date
SGX is a fucking joke! The environment is not investor friendly. What I mean by that is that most of the economic reports are not freely available for general investors. You look at how easily you can get any US economic data freely and you know.
how cud sgx haf failed wen it had successfully helped 2 sug moni from peasants? ...
Once i asked Singstats and MTI for trade data, same datasets readily available in public domain even from China of all places. First they asked why I need it and then they told me to pay a few hundred. No money no talk lah. Pay to play my friend. Sometimes it is worth it.
That is why I say SGX is not investor friendly. Why should I pay for something that can be found for free for general public in other bigger markets like US and UK or EU? PAP gov talks of making Singapore a financial hub is talking through their ass. It is a joke!
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Manulife Reit IPO Balloting Results
Manulife Reit balloting results just came out in late evening which I thought I will just update here.
If you would like to see my earlier analysis on the IPO, you can view here.
The Placement tranche of 350,782,200 units were oversubscribed and 45,787,100 units for the public offer were 1.6x oversubscribed. This actually pales in comparison with the previous other reits IPO sch as BHG Reit and Ireit which was 7.6x and 7.5x oversubcribed respectively.
If we analyse the breakdown below, you would see that the chances of getting the subscription is actually pretty high.
For instance, if you bid anywhere between 10,000 to 19,900 shares, your chances are 60% (30/50) of getting allocated 10,000 shares. If you bid between 20,000 to 49,900, your chances are even higher at 70% (35/50) of getting allocated 20,000 shares. I was not expecting this much allocation actually after thinking of bidding it myself but decide to pull out last minute due to limited funds. I think this should be interesting tomorrow when it started trading at 2pm and given how the market reacts today, there should be more dumping ahead, especially when there are no support.
Manulife Reit balloting results just came out in late evening which I thought I will just update here.
If you would like to see my earlier analysis on the IPO, you can view here.
The Placement tranche of 350,782,200 units were oversubscribed and 45,787,100 units for the public offer were 1.6x oversubscribed. This actually pales in comparison with the previous other reits IPO sch as BHG Reit and Ireit which was 7.6x and 7.5x oversubcribed respectively.
If we analyse the breakdown below, you would see that the chances of getting the subscription is actually pretty high.
For instance, if you bid anywhere between 10,000 to 19,900 shares, your chances are 60% (30/50) of getting allocated 10,000 shares. If you bid between 20,000 to 49,900, your chances are even higher at 70% (35/50) of getting allocated 20,000 shares. I was not expecting this much allocation actually after thinking of bidding it myself but decide to pull out last minute due to limited funds. I think this should be interesting tomorrow when it started trading at 2pm and given how the market reacts today, there should be more dumping ahead, especially when there are no support.
I remember when everyone wanted to open a trading account from teens to housewives.
However now no one seems interested. Brokers are allowed to charge fees for what was previously free & they are not required to send out regular statements.
Maybe now it's just cheaper to go to the casinos
However now no one seems interested. Brokers are allowed to charge fees for what was previously free & they are not required to send out regular statements.
Maybe now it's just cheaper to go to the casinos
I remember when everyone wanted to open a trading account from teens to housewives.
However now no one seems interested. Brokers are allowed to charge fees for what was previously free & they are not required to send out regular statements.
Maybe now it's just cheaper to go to the casinos
SGX needs the teens and housewives to be alive again.The minimum $25 fee is a killer. So is the shortened contra period. Revert rules to pre-1999 and we can party like 1999 again.
Just the name manulife is enough for investors to think of the dead.
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