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opened below 90 cents, lousy counter, sell down, gg
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I doubt it will close below 90 cents as stabilising agent will have to do their job
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30-05-2013, 09:28 AM
(This post was last modified: 30-05-2013, 10:24 AM by Temperament.)
What is the "lock-up" period for main shareholders? After the "lock-up" period, then we will usually see the real "stabilising" prices. 30 days or more?
@ 90 cents seem to be the stabilising price now. Wonder what is the lowest supporting price. Who like to "Tikum"?
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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From the prospectus, the Lock-Up Period for Sponsor is 180 days.
There's no mention of the any lock-up period for the cornerstone investors; so we will have to wait for SGX announcement to see if they have been in the market.
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Very good point.
Still the cornerstone investors hold 361,531,914 units or 24%. There are 8 cornerstone investors (excluding EastSpring); so each on average held 3% or 45+ million units. That is still quite substantial enough to create a selling overhung.