ValueBuddies.com : Value Investing Forum - Singapore, Hong Kong, U.S. › ValueBuddies.com › Singapore Listed Companies › B - B v
Blumont

Blumont

Thread Rating:
  • 1 Vote(s) - 5 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Bibi Offline
Senior Member
****
Posts: 939
Threads: 1
Joined: Oct 2010
Reputation: 11
#151
13-10-2013, 10:22 PM
(13-10-2013, 09:25 AM)yeokiwi Wrote: If the stock is designated by SGX, then the stock can only be sold if you hold it in your CDP account.
In the situation of same day buy and sell of designated stocks, the trader does not have the stock in the CDP account yet and therefore, it will be classified as short selling.
Thanks for the info. I have always thought short sell means having the intention to push the share price lower and profit from it. I didnt know buy then sell is considered as short.

In a situation where say i have 50 lots of X bought at $3 in my CDP acct. I decided to buy 50lots more on a certain day also at $3 and it shoot up 30% on that day and I decided to sell off 50 lots. It is quite confusing whether this is considered as short.
Find
Reply
pianist Offline
Posting Freak
*****
Posts: 2,808
Threads: 170
Joined: Sep 2010
Reputation: 1
#152
13-10-2013, 10:32 PM
in yr case is not considered a shortsell because u already have 50lots in yr cdp to support the sell..so it is quite clear..
unless u r selling 51lots, the first 50lots should be ok. but I cant say for sure for that 51th one lot
Find
Reply
Bibi Offline
Senior Member
****
Posts: 939
Threads: 1
Joined: Oct 2010
Reputation: 11
#153
13-10-2013, 10:51 PM
(13-10-2013, 10:32 PM)pianist Wrote: in yr case is not considered a shortsell because u already have 50lots in yr cdp to support the sell..so it is quite clear..
unless u r selling 51lots, the first 50lots should be ok. but I cant say for sure for that 51th one lot
But the additional 50lots that I have bought and sold on same day is considered as contra and hence short by sgx definition since I do not have those additional 50 lots in my cdp acct yet. correct?
Find
Reply
Aldar Offline
Member
***
Posts: 72
Threads: 0
Joined: Oct 2013
Reputation: 5
#154
14-10-2013, 04:01 AM
(13-10-2013, 10:26 AM)NTL Wrote:
(13-10-2013, 09:25 AM)yeokiwi Wrote: Till date, the trading accounts are not linked to CDP accounts for retrieval of information. The above situation will not happen if the brokers have the traders' CDP holding information.

Should brokers have the accounts holdings information? Think sometime back there was a discussion about this? What is the result?
(13-10-2013, 09:31 AM)Dividend Warrior Wrote:
(12-10-2013, 11:29 PM)pianist Wrote: heard from sj forum ""one singapore unit of one Malaysian broking house was said to have been hit so hard that its senior management had to fly in from Kuala Lumpur to discuss a potential capital injection. ""

That is a very big hint.....Tongue

Amfraser, CIMB, Kim Eng. There are 3 of them.

You left out RHB which acquired DMG-OSK, the brokerage house most negatively impacted by Blumont/Asiasons/Lion Gold's plunge.
Find
Reply
NTL Offline
I am a Freak!
*****
Posts: 1,045
Threads: 5
Joined: Nov 2012
Reputation: 6
#155
14-10-2013, 08:30 AM (This post was last modified: 14-10-2013, 08:36 AM by NTL.)
(14-10-2013, 04:01 AM)Aldar Wrote: You left out RHB which acquired DMG-OSK, the brokerage house most negatively impacted by Blumont/Asiasons/Lion Gold's plunge.

Gee... Then I missed out the one of the highest probability?
(13-10-2013, 10:51 PM)Bibi Wrote:
(13-10-2013, 10:32 PM)pianist Wrote: in yr case is not considered a shortsell because u already have 50lots in yr cdp to support the sell..so it is quite clear..
unless u r selling 51lots, the first 50lots should be ok. but I cant say for sure for that 51th one lot
But the additional 50lots that I have bought and sold on same day is considered as contra and hence short by sgx definition since I do not have those additional 50 lots in my cdp acct yet. correct?

Under normal trading condition, if you buy then sell within 3days, it will be deemed as contra, whether you are holding to existing shares or not.

Under the special Designated condition, then NO contra is allow. So the shares MUST exist in the CDP account before any sell can take place, to avoid being labelled as "short-selling".
Find
Reply
pianist Offline
Posting Freak
*****
Posts: 2,808
Threads: 170
Joined: Sep 2010
Reputation: 1
#156
14-10-2013, 10:55 PM
(14-10-2013, 04:01 AM)Aldar Wrote: You left out RHB which acquired DMG-OSK, the brokerage house most negatively impacted by Blumont/Asiasons/Lion Gold's plunge.
may I ask what makes u think dmg-osk was the most deeply burned?
is it because of their research report or...?
Find
Reply
Behappyalways Offline
Posting Freak
*****
Posts: 2,641
Threads: 235
Joined: Sep 2010
Reputation: 28
#157
14-10-2013, 11:59 PM (This post was last modified: 15-10-2013, 12:00 AM by Behappyalways.)
http://infopub.sgx.com/FileOpen/FORM1_NK...eID=259797

http://infopub.sgx.com/FileOpen/FORM1_JH...eID=259799

http://infopub.sgx.com/FileOpen/FORM3_BO...eID=259801

kinda in a cycle.....as the stock price falls, the shares got force sold and as price falls further and more force selling.........
You can find more of my postings in http://investideas.net/forum/
Find
Reply
valueinvestor Offline
Member
***
Posts: 274
Threads: 5
Joined: Sep 2010
Reputation: 0
#158
15-10-2013, 09:57 AM
(14-10-2013, 11:59 PM)Behappyalways Wrote: http://infopub.sgx.com/FileOpen/FORM1_NK...eID=259797

http://infopub.sgx.com/FileOpen/FORM1_JH...eID=259799

http://infopub.sgx.com/FileOpen/FORM3_BO...eID=259801

kinda in a cycle.....as the stock price falls, the shares got force sold and as price falls further and more force selling.........

They just want to get out and happy the financial institutions are doing them the favour.
Find
Reply
Behappyalways Offline
Posting Freak
*****
Posts: 2,641
Threads: 235
Joined: Sep 2010
Reputation: 28
#159
16-10-2013, 08:50 PM
vicious cycle....

http://infopub.sgx.com/FileOpen/JH_Form1...eID=259957
You can find more of my postings in http://investideas.net/forum/
Find
Reply
mkmk Offline
Member
***
Posts: 208
Threads: 2
Joined: Mar 2013
Reputation: 3
#160
16-10-2013, 11:47 PM
http://infopub.sgx.com/FileOpen/2013_10_...eID=259956

Blumont Group successfully raises $43.05 million from 1-for-2 rights issue...over-subscribed by 37.23%? I'm surprised by the huge demand for it currently.
Find
Reply


Forum Jump:


Users browsing this thread: 9 Guest(s)