Centurion Corporation

The company do not need to have so much debts if the REIT is successful....

Centurion offers $53 mil of notes for early redemption; offer expires Jan 21
https://www.theedgesingapore.com/news/co...res-jan-21

Just my observation...


When selling, you try to maximise your sales while in shorting, you try to force the share price down, hopefully causing other shareholders to panic and follow...

I noticed that this party(S)has been trying to force the price down but there is another party(B)that is holding up the price.

In most days, S is the one providing liquidity ( contributing the bulk of the sale).

No matter how much S throw, the price refused to come down. I think S is too vested that he continues to throw down, hoping to break the share price.

My own personal guess is that S shorted more than 10m shares...kinda crazy because this counter is tightly held and all this while S was the one providing the liquidity and what happens when S turns buyer.....where is he going to find the shares to buy.....price will jump.......but then maybe S knows something hence he is confident

https://centurion.listedcompany.com/shareholdings.html


I noticed that B is quite aggressive on that day centurion announced Reit...my hunch is that B is....

S still continue his way of trying to force the price down, not reviewing his position.....he did not sense what I sense or that he does not care...

Yesterday, there was a married deal.....but today S continues to do what he does every day....if I were him, I would wait to see if there is any announcement (2 working days to report) that would affect my decision before I carry on....


492m shares to 502m shares
https://links.sgx.com/1.0.0/corporate-an...f7c77c5c3b

S and B continue their love hate relationship.....

I have a question and wonder if any forumer can help in clearing my doubts.

If Centurion is going to issue new Reit, can the shortist continues to stay short (where to get the new Reit for the shares they short...) or that they have to cover all back before the REIT issuing?

Thanks

If Centurion sells the REIT to get cash then short seller can remain. But for corp action like in specie distribution or even rights that involves underlying security the short seller might have to cover the position (unless buy back the rights if traded... a reason why some rights are non tradeable) cause the unit holder need the securities on book close date to be entitled for the corporate action. Cash based like cash dividend easier just reimburse, just like futures trading cash and script settlement is different though finance 101 say it's same.

Good question cause this is how short sellers are squeezed out

(31-01-2025, 10:49 AM)Behappyalways Wrote: S and B continue their love hate relationship.....

I have a question and wonder if any forumer can help in clearing my doubts.

If Centurion is going to issue new Reit, can the shortist continues to stay short (where to get the new Reit for the shares they short...) or that they have to cover all back before the REIT issuing?

Thanks

Thanks. It is distribution in specie.