Friday, 3 October 2014

EMAS Offshore Limited - Balloting Results

EMAS Offshore Limited announced its balloting results today.


This is one of the "worst" application results i have seen whereby investors who applied for 1 to 39 lots are "fully alloted" and investors who applied more than 40 lots will be allotted some shares but it is "bao tiok" ~ 100% will get it. It is "bao tiok" and not "bao jiak". 


Do note that the shares can be fully arbitrage and that i had given it a zero chilli rating. The oslo price as of today remained at S$1.01 thereabouts. Be prepared for a rout on its listing next Wednesday...

4 comments:

Anonymous said...

Reminds me of HPH Trust IPO years back :)

Felix Leong said...

Market is quite bad now
RIP for those who got it

Mr. IPO said...

yeah...market has been downtrending for a while liao...

obat herbal asam urat said...

just blogwalking.. nice post :D

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