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
available. 

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.