rule_of_72
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
PropNex
06-07-2018, 10:24 PM,
Post: #1
PropNex
Stabilising Action

UOB Kay Hian Private Limited, as the stabilising manager, today purchased 4,650,000 shares of PropNex Limited in the price range of SGD 0.6000 to SGD 0.635 per share. This translates to a purchase consideration of between S$2.79 million and S$2.95275 million.

PropNex today closed at S$0.520 -0.170 (-24.637%).

IPO price : $S0.65 per share.

One of the victims of higher ABSD rate and tightening of LTV limits.
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
Website Find Reply
07-07-2018, 12:17 AM,
Post: #2
RE: PropNex
Yeah... unlucky timing. I was rather surprised but this shows Govt is playing an active role in regulation our property industry and it is not afraid to show it.
Full-time Investor and Blogger at https://kelvestor.com/

Find Reply
07-07-2018, 02:00 PM,
Post: #3
RE: PropNex
(07-07-2018, 12:17 AM)kelvesy Wrote: Yeah... unlucky timing. I was rather surprised but this shows Govt is playing an active role in regulation our property industry and it is not afraid to show it.

They have no choice to keep banking system safe.  Ah tiong just come and embloc, then buy and buy, then a lot of local money also follow. Then later when China crash and those developer bankrupt, our local property sector will crash and destabilise the financial sector. 

So now go after developer.
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com

Find Reply
09-07-2018, 07:12 PM,
Post: #4
RE: PropNex
Stabilising Action

Date of Purchases : 9 July 2018
Total number of shares purchased : 3,850,000 shares
Price rang of purchases : SGD0.560 to SGD0.590 per share



UOB Kay Hian Private Limited has undertaken, either as principal or through dealers on its behalf, stabilising action on SGX-ST and purchased to date an aggregate of 8,500,000 shares at a price range of S$0.560 to S$0.635 per share.

Price stabilisation will cease tomorrow.
Specuvestor: Asset - Business - Structure.

http://www.valuebuddies.com
Website Find Reply
09-07-2018, 08:16 PM,
Post: #5
RE: PropNex
Great timing for vendors. Terrible timing for IPO subscribers.

Find Reply


Forum Jump:


Users browsing this thread: 1 Guest(s)
Valuebuddies.com | Return to Top | Lite (Archive) Mode | RSS Syndication | CONTACT US: nas......@valuebuddies.com | | Share Buy-Back | Disclosure of Interest