DBS News, Please advise - AsianBookie.Com Forums

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17-Mar 2009 Tuesday 10:18 PM (5672 days ago)

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quote originally posted by TeeGo Tipster*****:
Hi All,

Can any brudder here advise whether the news annouced by DBS is good or not. It was mentioned that DBS will buy back shares in open or off market at price of 5 days ave price.

Below is the link to the annoucement. Thanks
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_6585C8F88844ABB84825757B003093CB/$file/dbs_egm.pdf?openelement

Depending on how you look at it. Most companies will conduct share buy back. It can be seen as a confidence boosting move.

Another piece of news which is more interesting is the scrip dividend scheme, proposed by DBS Bank, which is widely see as a move to conserve cash. Shareholders can choose to election to receive cash, or scrip or partiall both.

Life's like a box of chocs, you'll never know what you gonna get. I didnt know, but when you walked into my life, i just knew i'd gotten the sweetest box...

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17-Mar 2009 Tuesday 11:10 PM (5672 days ago)

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quote originally posted by ahpuiahsan:
Depending on how you look at it. Most companies will conduct share buy back. It can be seen as a confidence boosting move.

Another piece of news which is more interesting is the scrip dividend scheme, proposed by DBS Bank, which is widely see as a move to conserve cash. Shareholders can choose to election to receive cash, or scrip or partiall both.

Hi Brother ahpuiahsan,

Thanks for your reply!

I am worried about the off market share buy back from shareholders based on 105% average 5 days price. I am currently holding onto 5000 shares of DBS, 2 lots at ave price of 12.8, two lots at average price of 8.24 and one lots of rights given to me at $5.42. What if the DBS share price fall to $6 plus again and DBS start to buy back? I will be losing like hell! Really worry boy!

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ahpuiahsan

17-Mar 2009 Tuesday 11:32 PM (5672 days ago)

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quote originally posted by TeeGo Tipster*****:
Hi Brother ahpuiahsan,

Thanks for your reply!

I am worried about the off market share buy back from shareholders based on 105% average 5 days price. I am currently holding onto 5000 shares of DBS, 2 lots at ave price of 12.8, two lots at average price of 8.24 and one lots of rights given to me at $5.42. What if the DBS share price fall to $6 plus again and DBS start to buy back? I will be losing like hell! Really worry boy!

Risks is part of the Game. No Risks no gain.

I suppose you will have to hold on for long term investment, get the dividend 4 times per year. There is always a cycle. When stock market having Bull charge, it might go up again, maybe to SGD15.00, but when bear market claws back, it might also fall below SGD6.00
Note DBS bank did fall to a low of SGD3.52.
ANyway, just keep it for long term, as i reckon DBS Bank will not collapse as DBS Bank isto SIngapore just like BOA or Citibank to USA.

Life's like a box of chocs, you'll never know what you gonna get. I didnt know, but when you walked into my life, i just knew i'd gotten the sweetest box...

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Beri Heng Fan Find all Topics Started by Beri Heng Fan Find all Posts by Beri Heng Fan Follow / Unfollow PM Beri Heng Fan		21-Mar 2009 Saturday 12:16 AM (5669 days ago)	#5
Veteran Member Posts: 1254 Joined: 24 Jun 08 Tipsters Championship: Player has not started	I am also looking at DBS too. Any updates on news, info? Any kind of news is welcome.
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Find all Topics Started by Beri Heng Fan

21-Mar 2009 Saturday 12:23 AM (5669 days ago)

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quote originally posted by Beri Heng Fan:
I am also looking at DBS too.

Any updates on news, info?

Any kind of news is welcome.

NOt sure about any updated news except it is proposing to have scrip dividend scheme.

However i am thinking maybe DBS Bank is trying to conserve cash to maybe buy up some Banks in the region. (Note : They have not use the proceed from the SGD1.5Billion raised form the Bonds and the SGD4billion from the Rights Issue)

Life's like a box of chocs, you'll never know what you gonna get. I didnt know, but when you walked into my life, i just knew i'd gotten the sweetest box...

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02-Apr 2009 Thursday 10:52 PM (5656 days ago)

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quote originally posted by ahpuiahsan:

NOt sure about any updated news except it is proposing to have scrip dividend scheme.

However i am thinking maybe DBS Bank is trying to conserve cash to maybe buy up some Banks in the region. (Note : They have not use the proceed from the SGD1.5Billion raised form the Bonds and the SGD4billion from the Rights Issue)

ok stay cool until DBS are decided?

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ahpuiahsan Find all Topics Started by ahpuiahsan Find all Posts by ahpuiahsan Follow / Unfollow PM ahpuiahsan		02-Apr 2009 Thursday 11:17 PM (5656 days ago)	#8
Gold Member Posts: 5344 Liked By: 67 Joined: 20 Jun 02 Tipsters Championship: Player has not started	Well, the upcoming AGM and EGM will most likely to pass all resolution including the scrip dividend scheme, which is another way to conserve cash. Btw, do you notice that most Companies will pass their resolutions without fail? Why? The reason i can think of is the majority shareholders (usually the directors) are the one who came up with the resolutions and sure will pass 1 lah. Life's like a box of chocs, you'll never know what you gonna get. I didnt know, but when you walked into my life, i just knew i'd gotten the sweetest box...
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Beri Heng Fan Find all Topics Started by Beri Heng Fan Find all Posts by Beri Heng Fan Follow / Unfollow PM Beri Heng Fan		04-Apr 2009 Saturday 9:53 AM (5655 days ago)	#9
Veteran Member Posts: 1254 Joined: 24 Jun 08 Tipsters Championship: Player has not started	Ya lor.... Nobody else goes for these meetings. I go because of the good food served after the meetings.
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ahpuiahsan

04-Apr 2009 Saturday 6:20 PM (5654 days ago)

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quote originally posted by Beri Heng Fan:
Ya lor....

Nobody else goes for these meetings.

I go because of the good food served after the meetings.

Usually quite a number of the shareholders who attend the AGM/EGM are Uncles and Aunties, who went for the food. Are you 1 of them?

Just kidding.

Not sure if SGX knows about all these craps about AGM//EGM, where most resolutions wil pass thru. Since all resolutions will pass thru, why spend the $$$$ to held?

Life's like a box of chocs, you'll never know what you gonna get. I didnt know, but when you walked into my life, i just knew i'd gotten the sweetest box...

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TeeGo Tipster*** Find all Topics Started by TeeGo Tipster* Find all Posts by TeeGo Tipster* Follow / Unfollow PM TeeGo Tipster***		10-Apr 2009 Friday 11:31 PM (5648 days ago)	#11
Active Member Posts: 79 Joined: 17 Nov 07 Tipsters Championship: Player has not started	Hi Brother ahpuiahsan, Sold off all my DBS at $8.67 during the recent rally, make a few Ks. I also sold off my 2 lots of UOB at $10.54 at a price slightly below my purchase price. I thought that I can consolidate my cash to purchase more DBS and UOB when the market corrected downward, but it seem like the market is going higer and higher. Wat is your view on the current market, target price for DBS and UOB for buying in? Cheers!
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