yes!!!confirm already..10lots successful n RM15400 auto reversed...
chantekkk....

congrats, what bank?

maybank2u..CDS CIMB..

I've seen enough IPO application and still stand with my fact. I've got Bumi and MSM before. If you want to apply, applying at the lowest denominator in the allotment band ensures that you dont come out with extra money that always end up being bumped back to you. Say dear Mr snake applies 30K or 40K shares, I can guarantee on my life he will only get it at max 20K shares upon ballot.

The lower bound of the band may not be exactly 20K shares and vary by firms but at least he won't have to shelve out so much of his saving to venture into deluded futile attempt of getting more shares.

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Added on May 30, 2012, 10:18 pmYo, first time got IPO? no need belanja la. Just another advice, don't be too greedy on first day. Set a target price to sell. I don't think it can reach RM 3.20 as it represents 45% premium upon debut. Furthermore, it doesn't have any cornerstone investors which means everyone has the liberty to dump all the shares on first day, basically killing the momentum of it to go high. Supply > demand, no way the price can go high. You can see the sentiments of everyone wants to get a piece of the IPO in this forum because everyone can't wait to sell to a sucker at high price. Don't be that sucker.

Average broker estimate is around RM 2.50. I set a target price of RM 2.60 to sell it if I have the IPO. Roguhly 18%-20% of profit is not too shabby. (better safe than sorry, I also don't mind of the potential unrealized loss resulting from higher price being fried later). Somemore, whether or not you want to treat it as held-for-long stock or held-for-trading/available-for-sale also influence your decision to keep or to fry.

This post has been edited by schrodinger_cat: May 30 2012, 10:20 PM

Thanks Man for the info. I have more IPO application than of yours but still don't buy the "lowest band" thingy.
Latest being CSL, apply all got, no matter how many IPO you apply. Its all depends on how HOT IS THE IPO.

Are you an insider ie in Broking firm?

Some of my MEGA HIT IPO
MIDF 633 Sunway Real Estate Investment Trust
MIH 502 Petronas Chemicals Group Berhad (PCG)
MIH 506 Asia Media Group Berhad
MIH 507 Benalec Holdings Berhad
MIDF 636 Tambun Indah Land Berhad
MIH 511 Focus Lumber Berhad
MIH 513 Boilermech Holdings Berhad
MIH 514 MClean Technologies Berhad
MIDF 640 Ideal Jacobs (Malaysia) Corporation Bhd
MIH 515 UOA Development Bhd
MIDF 643 Inari Berhad
MIH 518 Prestariang Berhad
EQSB 645 China Stationary Limited
EQSB 646 EITA Resources Berhad

haha.. i know la that price is impossible to achieve..but like Bumi Armada and and MMHE, they can go untill >RM1 premium on 1st day..

I play IPO since 2010..but in the small amount..and result n profit not so good..

Lain cerita.
If my application was successfull, when can I see the shares in my trding account? Is it before or on the listing day?

That's alright. I just want to fully utilize the excess cash, perhaps by applying with another CDS (using different names of course).

Nah, I'm not working for any investment firms though I'm making my way to become a sell-side analyst in a random investment firms though.

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Added on May 30, 2012, 11:26 pmAll I can say is it's different climate already. Back when BA or PCHEM were listed, the sentiment was good and not much influences of external factors. It is always bad for IPO to be listed when volatility is of concern and sentiment is not so good. In this case, I think GM has picked a pretty gloom period to be listed. Furthermore, whether or not it will be fried also depends on inflow of foreign fund, which is not much for this quarter. Therefore, I'll be conservative if I have gotten the IPO. Again, I suggest you to set a net profit margin for your own (gross profit from selling - all the charges of trading).

Got profit better than no profit. Don't be too greedy ya. I forgot this when I managed to buy Facebook's at USD38 on first day but you know what? I sold it at USD 33 to stop loss as I was also greedy, thinking it could reach USD 45 on first day but end up losing when it drops like birdshit the next trading day.

This post has been edited by schrodinger_cat: May 30 2012, 11:26 PM

can gas malaysia soar to RM3.00 and above?

WTF ...no get again...

for the past 11 IPO i applied...only 2 i got ....which is eversendai and CSL....WTF WTF WTF...!!!

okay...felda now!!!

The speculators may be greedy but not stupid.

NOT SUCCESSFUL. Again!

OK, FELDA please.

when is felda open for public

Not successful:( haha

I also fail to get When is this counter going to live?

are you thinking of hantam on day1?

Failed. Let me list my list of failed IPOs:
- MSM
- Bumi Armada
- Pavillion Reit
- Gas Malaysia

Success:
- Hibiscus (which turned out to be pretty decent in the short-medium term)

Still might try to go for it on the first day if I can catch it fast enough before the price hits 2.40

This post has been edited by praveenmarkandu: May 31 2012, 10:36 AM

The BUNGA RAYA stock - I didn't apply, and it turned out to be a diamond!

bad... I thought you always get some if not all... me tarak too.

What is the percentage of success in your past applications?

http://biz.thestar.com.my/news/story.asp?f...ness%2F11386271

felda is out. Better IPO in terms of financial position and performance quality. But price is high man.