Wednesday, June 3, 2015

Singapore O&G Ltd IPO - Balloting Results

The IPO balloting results are finally out this evening after quite a number people I know have applied, including myself. I had applied for 101,000 shares and didn't expect much from it. True enough, the chances of getting 7,000 shares were probably very slim at 5% probability and the bid was not successful.

There are a couple of others I know who have bidded around the same range as well who didn't manage to get them and they were pretty disappointed. I think we can all now look beyond this episode as the scene will die down pretty quickly, similar to what happened during the IPO balloting for SPH Reit. 

For those who didn't manage to get them but still would like to get them from the open market, you can do so when it starts trading tomorrow morning but I doubt you will get them cheap. My prediction is that it will open at around 32 to 33 cents tomorrow when it starts trading and by then, it would have already been 30% above the IPO price.




7 comments:

  1. Hi B,

    I didn't get it too..... let's hope for tomorrow's IPO then.

    ReplyDelete
    Replies
    1. Hi See Kay

      It started very well on its first day of trading. Oh well, once I see the opening price I never looked back at it since. Its too late to enter now

      Delete
  2. B : Me neither... This IPO is hot like chilli padi, it is trading at 57 cents now ;-)

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    Replies
    1. Hi Richard

      Way out of our reach now :(

      Delete
  3. I dare not enter at current price. Way too high and looks superficial to me......

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  4. I was lucky to get 3lots. *beginner luck*. I applied 36000units.

    It sure looks superficial & not sustainable... Will u sell if u have it?

    ReplyDelete
  5. I was looking forwards to get it. I too didn't get the IPO. So sad......

    ReplyDelete

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