DBS vs OCBC and UOB

[Perisher]

I doubt it. Or, it would have been done already when they went from 1000 to 100 board lots.

They have some reason why they don't want it to be 1.

Even if they do follow US having 1 share, the comms will make sure it’s not worth it.

 

[beefjerky]

I doubt it. Or, it would have been done already when they went from 1000 to 100 board lots.

They have some reason why they don't want it to be 1.

whats the reason? it doesnt cost anything more right

 

[Mergui219067]

1 share of OCBC is $11+ only
If I trade 1 share , I have to pay another $14 fee POEMS & end up a loss .
血本無歸.

The value of 1 share here is too small to trade .

whats the reason? it doesnt cost anything more right

 

[madtari]

I'm sure when that day comes, brokerage firms will have a more competitive rates for unit share. Maybe even no min commission?

Speaking of that, I wonder what r the charges in us brokerage firms...

1 share of OCBC is $11+ only
If I trade 1 share , I have to pay another $14 fee POEMS & end up a loss .
血本無歸.

The value of 1 share here is too small to trade .

 

[final1]

1 share of OCBC is $11+ only
If I trade 1 share , I have to pay another $14 fee POEMS & end up a loss .
血本無歸.

The value of 1 share here is too small to trade .

Singapore brokerages have been functioning on a "% of trade amount or minimum commission" model all these years.
So, even having 1 as a board lot would not be helpful due to this "minimum commission" as clearly shown in this example.

It is a problem caused by ridiculously high fees in the SGX market.

In the US market, its almost always a fixed low fee per trade or even free to trade.

 

[Mergui219067]

The problem is that a broker has the same work / staff to process your 1 share or my 2k shares or someone’s 100k shares .

I never trade below 1k shares here even with those > $10 shares .

With 100 shares possible, sometime I do hundreds like 1300 ,1500 shares rather than
1k,2k or 10-20 k .

 

[Perisher]

I'm sure when that day comes, brokerage firms will have a more competitive rates for unit share. Maybe even no min commission?

Speaking of that, I wonder what r the charges in us brokerage firms...

eh, even with 100 shares, they also don't wanna remove the minimum comms... I doubt they would do anything at 1 shares.
The volume here isn't comparable to US. They can't earn a thing if it's no minimum comms and everyone trades single digit shares.

 

[BeHappyLo]

See la.... I patiently waited for $25...... now waiting to offload at 20 % gain.

no1 cheers me on???

That means no1 thinks it will hit $30 anytime within next 2 years

 

[BeHappyLo]

Sure got smart alexy later come here and said how WRONG i was about DBS and that he/she made more than me from the $25 level.

 

[Minx99]

Sure got smart alexy later come here and said how WRONG i was about DBS and that he/she made more than me from the $25 level.

Some clown bought the bank stocks earlier on. Then thinking he is very smart, he try to time the market by selling it all off. Then he went around bragging how smart he was with his post "I sold all my bank stocks already" Guess what? The bank stocks then went on a great bull run, some of them almost doubling in price. Then he tried to get back in near the high. A perfect example of what not to do "BUY HIGH, SELL LOW"....

 

[BeHappyLo]

Some clown bought the bank stocks earlier on. Then thinking he is very smart, he try to time the market by selling it all off. Then he went around bragging how smart he was with his post "I sold all my bank stocks already" Guess what? The bank stocks then went on a great bull run, some of them almost doubling in price. Then he tried to get back in near the high. A perfect example of what not to do "BUY HIGH, SELL LOW"....

It takes a clown to engage a clown and understand one
Welcome to MY CONVERSATION!
I know u are lurker and I will succeed in baiting your tongue.

I know how ugly some women are. They must learn to BITE THEIR TONGUES

And I am awaiting U for more engagement. Now I understand better why HK got 2 well educated professors murdered their ugly noisy wives.

 

[BeHappyLo]

In 2 years' time, I will attend DBS AGM and ask Gupta (if he survives) why he under-perform my expectations.

If he over performs, I will praise him worthy of a $12,000,000 per annum salary

In the meantime, can U enlighten me why DBS dropped from $30 to $25?????

I dun have to brag too much about my achievement………bought at $14 and sold at $20………and now waiting to gain from the $25 level but no1 here DARE to take up my challenge.


If u had not taken profits off the table, that is bragging only about paper profits.

 

[oAkEn86]

Saw that ocbc releasing div and can choose to receive as stocks.

Normally what will happen if the div translated into stocks contains fraction? Guess it will be rounded down?

I only have 300 pieces of ocbc and not sure if wise to received the div as stocks instead of cash.

Sent from Samsung SM-G950F using GAGT

 

[madtari]

If u hold them in cdp, it should be rounded up. But for the last round of scrip for DBS, they actually round down but give u cash for e fraction.

Saw that ocbc releasing div and can choose to receive as stocks.

Normally what will happen if the div translated into stocks contains fraction? Guess it will be rounded down?

I only have 300 pieces of ocbc and not sure if wise to received the div as stocks instead of cash.

Sent from Samsung SM-G950F using GAGT

 

[Panerex]

If u hold them in cdp, it should be rounded up. But for the last round of scrip for DBS, they actually round down but give u cash for e fraction.

What if my OCBC shareholding is held via SCB?

 

[madtari]

Lol.... so ur bragging selling at a high price, yet buying back at a even higher price? u earned $6 profit per share, but bought back at recent high. Same like u, I've bought it at 14++ range, but I've been holding it ever since.

If dbs drops to 19, it will 'wipe out' ur previous profit (paper loss, assuming u buy back the same qty), while I'm still sitting on a paper profits of $4-5.

Like this still wanna brag? Trying to FIFO bank counters can also huat?

I dun have to brag too much about my achievement………bought at $14 and sold at $20………and now waiting to gain from the $25 level but no1 here DARE to take up my challenge.


If u had not taken profits off the table, that is bragging only about paper profits.

 

[Mergui219067]

If you intend to keep or buy more , do DRP as it is >10% discount .
Beware that ocbc may not offer DRP at times & your tiny DRP allotments.

I buy ocbc 2k shares each time & fifo whenever opportunity arises , it is relatively easy to sell off later like 2100,4300 shares without too much transaction cost .

I only have 300 pieces of ocbc and not sure if wise to received the div as stocks instead of cash.

Sent from Samsung SM-G950F using GAGT

 

[Sausage]

I don't understand the concept of scrip dividend... Googled but still unclear. Can anyone explain in layman terms? Anyway ocbc is at 11.4 today, you think still a good discount?

Sent from Xiaomi MI MAX using GAGT

 

[BeHappyLo]

Lol.... so ur bragging selling at a high price, yet buying back at a even higher price? u earned $6 profit per share, but bought back at recent high. Same like u, I've bought it at 14++ range, but I've been holding it ever since.

If dbs drops to 19, it will 'wipe out' ur previous profit (paper loss, assuming u buy back the same qty), while I'm still sitting on a paper profits of $4-5.

Like this still wanna brag? Trying to FIFO bank counters can also huat?

That’s what u are : bragging about paper profits!
Moreover, thanks for the compliment that u think my level of $25 will hold for you to ‘’profit ‘!

If it drops to $19, your PAPEr gain is less than mine.

Now u know talking about paper gains is vanity??!!

Obviously u r a green horn. I bat more and harder at $14 rather than $25. So buying at $14 and selling at $20 to a silly ass is ‘buying high and selling low’ ...... laughing.

 

[final1]

I don't understand the concept of scrip dividend... Googled but still unclear. Can anyone explain in layman terms? Anyway ocbc is at 11.4 today, you think still a good discount?

Sent from Xiaomi MI MAX using GAGT

Eg. you own 1000 OCBC shares.
Dividend is 20 cents.

Option 1: Take $200 cash. You get $200 cash in your bank account.
Option 2: Take scrip at $10.15 a share. $200 dividend by $10.15 = 19 shares. You get 19 shares making you have 1019 shares and no cash payout.

Note that scrip issuance dilutes existing shareholders. In order to maintain your percentage ownership of the company, you must take scrip. If you do not, your stake would be diluted as the company now has more outstanding shares issued. This is a reason why a scrip is not a true dividend.

The extra 19 shares have to be sold in the unit share market which has a different share price from the mainboard as it is not in the normal board lot of 100. Of course, you can keep taking scrip till you have a standard lot of 100.

Personally, i just take cash for various reasons. I do own a small amount of OCBC shares.