Nicolas Darvas Box Theory Trading Method

Investing Seminar

Timeless You

Tuesday, July 8, 2014

A check on Fraser Centrepoint & Starburst IPO & Metro

I have been quite busy over the last couple of
days so I have been updating at this blog.
This morning, Fraser Centrepoint fell below the
important $1.80 mark. This was the range that
I mentioned a few months ago, $1.80-2.
The offer for Australand is on-going and the
Fraser Hospitality Trust IPO is also on the
way and it will debut next week. But I choose
to believe in the price action and I can only
hope that it is a one-day event and it will be
back to the $1.8x very soon. For the time
being, I am still pretty bullish on the stock
and I believe it is just a temporary "set-back".

Ok, I will touch on Starburst IPO which will be
closing at noon today. This is the first IPO that
has public tranche since QT and I will just
apply and punt it if I manage to be lucky to be
getting some lots from the miserable 2 million shares

Oh ya, Metro is trading with CD (cum-dividend)
now and it will be giving a wonderful 6cts dividend
out to the shareholder. That should support the
current stock price well. Read up in SGX Announcement
of the AGM/EGM date and the dividend book
closure date and distribution day.


Anonymous said...

Heeded ur advice to take sinarmas and sold yesterday. Thanks again

Stock Lobang said...

No problem PC. Glad that you made a few cents of $$

Anonymous said...

hi sl still can buy metro now? please advise thank you.


Please be aware that I am not a Certified or Qualified Financial Adviser, the views and recommendation on this blog is purely my own.

Please seek investment/trading advices from your Financial Professionals, Dealers, Remisiers before making any investing/trading decisions.

I will not be responsible and liable for any losses incur from my views and recommendations in my blog.

Take note that I may have current positions or seek to enter or add positions in the stocks that I wrote in my blog.

Chat with me