Market Liquidity

MIT vs GLP

 

Let’s do a little number crunch here…

 

$0.93 vs $1.96

 

$1.19mil* vs $3.9mil* (funds to be raised)

 

38 times vs 12 times oversubscribed

 

$20.1bil vs $2.2bil application monies

 

Temasek Holdings vs Government Investment Corp.

 

High market liquidity with low interest rates results in cash-flow from banks to greener pastures.

“ The balloting results of the GLP applications also threw up some startling numbers. It showed that there were 22 successful applicants from the public who had initially applied for at least one million shares, coughing up at least $1.96 million upfront.
They were eventually allotted 10,000 shares each. “

Funny story, I applied for GIC but I didn’t have my CDP number while at the ATM.

Then I realized I could have done in the comfort of my home via ibanking duh?!

But I was afraid that I would have to sell the shares on trading day 18^th Oct, luck has it that I didn’t have my CDP online account activated, thus I wouldn’t be in time to receive my statement from CDP on my allocation results *holding my breath*

So 14^th Oct 10 am came and went….

Time to focus on MIT then, I gleefully applied 20 lots (CPF and CASH) but I was afraid to hit the submit button.

So I upped it to 30 lots, but it got rejected twice, stating an error with my CDP account number.

I even checked with my broker, I can’t be that bad with numbers right?

I tried again for 15lots in CPF and it went through. Yay I thought, then I tried again with Cash, apparently everyone is allowed 1 application…

Coincidentally, I figured out that I could have checked my application results thru ibanking as well, so much for missing out on GLP.

What about the fears of the recession rebound you say? Be damned! All that worries these folks is where to park their cash! 

Anyway MIT was hotcakes, obviously I got zilch out of this whole fiasco……. *grumble

Lesson learned on how to apply IPOs, and to just go straight for it, you only live once! You'll get refunded anyway..