I think it will be like GASMSIA slow but steady.

I dont know what is the oversubsciption rate but I got this email message which I would like to share with you:

Assalamualaikum w.b.t. dan Salam Sejahtera...

Y. Bhg. Dato'/Datin/Tuan/Puan,

Dimaklumkan bahawa keputusan saham khas Bumiputera bagi Datasonic Group Berhad telah diumumkan dalam Portal Saham MITI di http://saham.miti.gov.my. Y. Bhg. Dato'/Datin/Tuan/Puan boleh menyemak keputusan dan menghubungi Bank Penasihat iaitu Alliance Investment Bank Berhad untuk tindakan selanjutnya.

Untuk makluman Y. Bhg. Dato'/Datin/Tuan/Puan, pihak urusetia memaklumkan melalui emel ini kerana tarikh pembayaran yang singkat oleh pihak Bank Penasihat dan jumlah pelabur yang berjaya dalam peruntukan saham ini adalah sedikit berbanding saham khas Felda Global Ventures dan IHH Healthcare Berhad.

Sekian, terima kasih.

Urusetia
Peruntukan Saham Khas Bumiputera.

Guess you are right kb2005, quite a number of my friends who applied does not get. Only a small amount of investors who applied were offered. Possibly the over subscription is quite high. Moreover the number of share allocated to MITI is not as much as FGV and IHH. Only small amount.

I would say .. emm premium of 10% at least. Of course hope for more.

Datasonic tak ada dividend policy.
Fair Value:
TA Securities- RM2.29
OSK Research- RM2.29
Kenanga- RM2.18
RHB Research-RM2.13

Saya rasa it would move like GASMSIA

Good move.......coming from an experience person like you. You mean you want add to the amount you have already being allotted by MITI?

Good Luck

Guess the movement will not be that fast as the total number of shares offered are not that much (as compared to FGV,IHH)....tapi cornerstone investor tak ada (tak dengar pulak).... ehm

Get some?

Yeah. Hope it is just a small correction. The fair value is 2.29 but yesterday's opening it surpass that value to 2.38. Hope it will come back to settle around 2.2+. The share has not been supported by big shareholders since morning. If I am not wrong the total shares available are 28,305,996. Yesterday 11,953,996 (42%) change hands, so around 58% is still holding at RM2.00. Hope they can still hold. Am I right?

You are right , anything can happen. This is a Govt. linked counter...maybe no one dare to goreng. Currently no big investors supporting...maybe they are watching( and may come in later..hopefully) or couldn't be bothered. I was lucky to sell some at +30 yesterday. If they become like GBGAQRS.....then I am quite puzzled as they have 500M order booked...or maybe this has already being considered in finalizing the IPO price... Lets see what happen after 3.30 today and 2moro. Nothing happen then bye bye. Currently at +7 it looks like panic selling...

Anyone knows the total GBGAQRS shares available in the market?

---

Added on September 4, 2012, 3:08 pmThose who thought this is a goreng-able counter may have come in at a price higher than FV. If they can hold then it should be Ok. I believe the big investors are waiting for it to settle first... and buy it at a cheaper price. (T+3 then).

Another factor I guess is IGB REIT and Astro (Miti Result) is round the corner...bullets as some describe are required.

Share Allocation:
Directors - 4,009,996 14.2%
Public - 6,000,000 21.2%
MITI - 8,517,000 30.1%
Chosen Investors 1,847,000 6.5%
Existing Shares 7,932,000 28.0%
Total 28,305,996


This post has been edited by sarbuftaim: Sep 4 2012, 03:30 PM

Looks like there is support at 2.05 today.