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Hi Bros
I am new in investing and have been following this site. Thanks all for the interesting insights.
I like blue chips and is looking to buy ocbc as it is the cheapest bank stocks now. So with right issue, is it still a good buy now or wait till announcement, or should one buy at all now?
Tks.
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Why you think OCBC is the cheapest bank in Singapore. Basing on PE, value or just by the share price?
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(01-07-2014, 12:04 AM)Fish Head Wrote: Why you think OCBC is the cheapest bank in Singapore. Basing on PE, value or just by the share price? Cheaper or not, for me if i want this stock i will wait for the anticipated right
issues. Hoping to buy some Nil Paid Rights in the market if available and cheaper than the mother price then after conversion of the NPRs to mother share. Of course must base on the sentiments of the market and the fundamentals of OCBC at that time.
JF thoughts:-
i wonder if the market crashes now what OCBC going to do? Delay right issues? Use debt to raise new capital? Just wait for more favourable market? Can they (allow to) wait? By regulation how long?
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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(01-07-2014, 08:48 AM)Temperament Wrote: (01-07-2014, 12:04 AM)Fish Head Wrote: Why you think OCBC is the cheapest bank in Singapore. Basing on PE, value or just by the share price? Cheaper or not, for me if i want this stock i will wait for the anticipated right
issues. Hoping to buy some Nil Paid Rights in the market if available and cheaper than the mother price then after conversion of the NPRs to mother share. Of course must base on the sentiments of the market and the fundamentals of OCBC at that time.
JF thoughts:-
i wonder if the market crashes now what OCBC going to do? Delay right issues? Use debt to raise new capital? Just wait for more favourable market? Can they (allow to) wait? By regulation how long?
Hi Bro Fishhead and Temperament
Cheap cos is the cheapest amongst the 3 banks that I can afford to buy 1-2 lots.
But can we buy when they issue the right issue if we do not hold any mother's share or the rights are open to all to buy?
What is Nil paid rights? Tks
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(01-07-2014, 09:48 AM)Hill Wrote: (01-07-2014, 08:48 AM)Temperament Wrote: (01-07-2014, 12:04 AM)Fish Head Wrote: Why you think OCBC is the cheapest bank in Singapore. Basing on PE, value or just by the share price? Cheaper or not, for me if i want this stock i will wait for the anticipated right
issues. Hoping to buy some Nil Paid Rights in the market if available and cheaper than the mother price then after conversion of the NPRs to mother share. Of course must base on the sentiments of the market and the fundamentals of OCBC at that time.
JF thoughts:-
i wonder if the market crashes now what OCBC going to do? Delay right issues? Use debt to raise new capital? Just wait for more favourable market? Can they (allow to) wait? By regulation how long?
Hi Bro Fishhead and Temperament
Cheap cos is the cheapest amongst the 3 banks that I can afford to buy 1-2 lots.
But can we buy when they issue the right issue if we do not hold any mother's share or the rights are open to all to buy?
What is Nil paid rights? Tks
Sometimes a $100/share stock can be "cheaper" than a $0.01/share stock hehe. But I'm thinking the market has priced in the potential rights issue in OCBC, suppressing it's price.
Nil paid rights is when the original OCBC investor sells away his rights to another.
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The price maybe "suppressed" now but usually just before the actual right issues, the price will somehow how inch up as much as the market allows. In order to get a better price for right issues for the company. i am not saying anything but up to you to observe and interpret what's happenning in the market, always.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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01-07-2014, 10:43 AM
(This post was last modified: 01-07-2014, 11:45 AM by AlphaQuant.)
(01-07-2014, 09:48 AM)Hill Wrote: Cheap cos is the cheapest amongst the 3 banks that I can afford to buy 1-2 lots.
If this is the only reason why you are buying OCBC, i can suggest 3 things you can do:
1) Access the unit share market if you are interested in other shares with a higher cost per lot (i.e. you can buy less than 1000 shares of the counter). You can access this market thru LimTan, POEMS.
2) Wait for SGX to implement the 100 share per lot rule (It was supposed to be done this year but I'm not sure what's taking them so long)
3) Just buy the ETF which has a decently high exposure to banks.
I'm not advising agst OCBC but highlighting that you have alternative means available.
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There is another way, OCBC offers a platform for you to invest in blue chip shares with as low as $100, and the fee is not too much (in %, it is huge if you invest only$100). It maybe a way to own expensive shares.
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01-07-2014, 10:58 PM
(This post was last modified: 01-07-2014, 10:58 PM by Hill.)
If can afford to hold few lots of ocbc, would it be able to buy and then leave it under the pillow, collect dividends yearly? Otherwise, if invest only $100, what to buy with rest of the $$.
Please correct me if I have misunderstood you, bros.
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02-07-2014, 09:58 AM
(This post was last modified: 02-07-2014, 10:12 AM by Temperament.)
i think if you want to buy and hold for 20 to 30 years, it's safer to buy STI ETF or S & P 500.
But i buy HP (actually when i was working in HP from 1980 so it was my accidental, subsidised buy from HP). For holding HP till now, i have spin-off Verigy and Agilent. Verigy had been capitalised. Now Agilent is going to spin off too. I think i should have done better if i invested in S & P 500 and same put them under "DRIP". i don't know as my maths is very elementary.
All my US stocks are with US Online International Agent - That is https://www.shareowneronline.com and http://www.computershare.com.
But some BA and HP and Agilent stocks are held in stock certificates
But US $ has been depreciating from $3+ to $1.25 to our Sing $ (Now you know why i am not in favour of investing oversea markets)
Help wanted:-
As my age is catching up, i think of selling all my US stocks holding. i have been buying only through "DRIP".
Can anyone tell me what is the best way to sell them?
Remember if i am to sell them through my current US online agents (International online agents), i have to send the rest of the stock certificates to them.
On the hand if i sell them through local agents (brokerage house), can my local agent does all the necessary works for me. Is it more expensive using local agent but "safer".
See > 30+ years still have not find out what to do? Blur like Sotong, is it?
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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