MM2 Asia *Official* (SGX: 1B0) - Part 5

[s-ghost]

Same luck for me
One example I decided to cut loss for SPH to deploy my money… few quarters later? Price rose after government announced buyout

ah gui already stopped trading liao

 

[s-ghost]

ah gui. priest declare what other stocks in your portfolio so we can try to siam.
tank u bro.

ah gui no buy stocks liao so no need scared

 

[Euqorab]

ah gui no buy stocks liao so no need scared

No, just need to know what are the shares in your portfolio now

so that he or she or it can sell it before it turns south like this counter has been hahahahaha

 

[s-ghost]

No, just need to know what are the shares in your portfolio now

so that he or she or it can sell it before it turns south like this counter has been hahahahaha

 

[reddevil0728]

ah gui luck only down one, rarely got up

got one stock, drop below my buy price, hold very very long, one fine day decide to just cut it

once i cut, it went up, though still below my buy price, i could have take back a little bit more

ah gui already stopped trading liao

was planning to ask whether u continue but you answered lol

 

[s-ghost]

was planning to ask whether u continue but you answered lol

very disheartened liao

put money in biscuit tins more hope

 

[thretiredDad]

Simple explanation: The value of shares in the overall portfolio drops until the broker is not comfortable and needs a cash top-up. If $ is not forthcoming, they will liquidate until they are comfortable with the risk level.

He pledged the shares to CGS as collateral at certain value

Since the share price cui and further cui and cui, CGS need to ensure the collateral is still valid… sorry, this my noob explanation

He pledged his shares as collateral for a margin facility in order to take a loan.

The loan can be drawn either as a cash withdrawal or used to purchase more shares.

The amount of loan he can take depends on the value of his collateral — the higher the valuation, the larger the loan; the lower the valuation, the smaller the loan.

As the value of his MM2 shares declined, so his loan should be lesser now

therefore his broker required him to either top up with more MM2 shares, pledge other quality shares, or return the loan by cash.

Since he was unable to do so, he now has to sell his MM2 shares to raise cash and repay the loan.

so nothing is wrong with mm2 company

 

[Euqorab]

He pledged his shares as collateral for a margin facility in order to take a loan.

The loan can be drawn either as a cash withdrawal or used to purchase more shares.

The amount of loan he can take depends on the value of his collateral — the higher the valuation, the larger the loan; the lower the valuation, the smaller the loan.

As the value of his MM2 shares declined, so his loan should be lesser now

therefore his broker required him to either top up with more MM2 shares, pledge other quality shares, or return the loan by cash.

Since he was unable to do so, he now has to sell his MM2 shares to raise cash and repay the loan.

so nothing is wrong with mm2 company

So why the lower valuation now? Because share price, which he used as collateral, is cui and cui over the months

 

[thretiredDad]

So why the lower valuation now? Because share price, which he used as collateral, is cui and cui over the months

when he pledged his mm2
it was at $0.20?
now it is $0.002?
market valuation become lower and lower

but usually with such junk shares there is not much valuation
his broker is good to still take in his shares

 

[Euqorab]

when he pledged his mm2
it was at $0.20?
now it is $0.002?
market valuation become lower and lower

but usually with such junk shares there is not much valuation
his broker is good to still take in his shares

Idk
But do you agree share price is cui and cui, that why margin called… quoting part of your early post… haizzzzzzzz

so nothing is wrong with mm2 company

 

[thretiredDad]

Idk
But do you agree share price is cui and cui, that why margin called… quoting part of your early post… haizzzzzzzz

Yes I agree share price cui lead to margin call
but if he has the money to top up
he won’t have force sell

 

[Euqorab]

Yes I agree share price cui lead to margin call
but if he has the money to top up
he won’t have force sell

Maybe.. maybe
He doesn’t see an end of the holdings, that why don’t want to throw good money after bad

 

[lzydata]

Frasers Centrepoint Trust files S$2.6 million claim against mm2 Asia over Causeway Point lease​

https://www.businesstimes.com.sg/co...im-against-mm2-asia-over-causeway-point-lease

 

[Shion]

Frasers Centrepoint Trust files S$2.6 million claim against mm2 Asia over Causeway Point lease​

https://www.businesstimes.com.sg/co...im-against-mm2-asia-over-causeway-point-lease

The end is near for MM2.

 

[Velton]

Dunno Vivid and Unusual how..

 

[Euqorab]

Dunno Vivid and Unusual how..

better players will and have come over to overtake and uplift the industry already...

 

[s-ghost]

Dunno Vivid and Unusual how..

will they be affected if mm2 close down?

 

[Velton]

will they be affected if mm2 close down?

I think sure affected. Maybe also close down together..

 

[Euqorab]

will they be affected if mm2 close down?

I think sure affected. Maybe also close down together..

or they might just close down the two first...
or find a buyer

but then again these two subsidiaries have seen better days

 

[Euqorab]

or they might just close down the two first...
or find a buyer

but then again these two subsidiaries have seen better days

quoting my early posts

This guy really midas touch like scrabby

UnUsUaL was the defacto concerts organisers in the good old days siah… almost all concerts in Singapore produced by them, except those Feiyuqing types.. now is the reverseal