Thursday, 7 March 2013

Mapletree Greater China Commercial Trust IPO - Update

My wife and I applied for 11 lots and managed to get 3 lots from the balloting. 

The allocation result:

1 to 9 lots --> may get 1 lot
10 to 19 lots --> may get 3 lots
20 to 49 lots --> may get 6 lots
50 to 99 lots --> may get 12 lots
100 to 199 lots --> may get 20 lots
200 to 499 lots --> may get 35 lots
500 to 999 lots --> may get 72 lots
1000 and above --> may get 131 lots

So, we are one of the 8166 applicants to get 3 lots. The stock started trading today at 2pm and it opened at S$1.02. It closed at S$1.03 which was 10% higher than the IPO price of S$0.93. We will keep this 3 lots for dividend and unless it can go higher than 30%, we will not sell. For long term investment.

Saw in one forum that someone mentioned she got 5 lots. I'm sure she is lying because the allocation is 1, 3, 6, 12 lots etc. So, it is not possible to have 5 lots. Sometimes, when you want to bluff people, you must be smart to know that the details and not blindly say it. 

This is not an indication to buy or sell. 

No comments:

Post a Comment