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airuma wrote:The real question that I think will help people decide is of all of the persons chiming in on this thread, who are the ones going after a piece of the pie? It always surprises me to see the ones ill talking something the most yet being the first in line for it!
I am still doing my research but with less than 1% in the bank and 5-6% inflation, putting my $$ in the IPO seems better than leaving it in the bank. Apart from that, if the gas prices continue to drop then, how will that affect our overall economy and value of our dollar? (since our economy is somewhat dependent on oil and gas if the 50% of the GDP statement made by the energy minister is true).
airuma wrote:The real question that I think will help people decide is of all of the persons chiming in on this thread, who are the ones going after a piece of the pie? It always surprises me to see the ones ill talking something the most yet being the first in line for it!
I am still doing my research but with less than 1% in the bank and 5-6% inflation, putting my $$ in the IPO seems better than leaving it in the bank. Apart from that, if the gas prices continue to drop then, how will that affect our overall economy and value of our dollar? (since our economy is somewhat dependent on oil and gas if the 50% of the GDP statement made by the energy minister is true).
mememe wrote:2nd qtr results was better than 1st quarter.
Snatman u still think $10 - $12 a share is a fair price.
Talked to my broker. short term a definite no no.
Wait until after October 12th to buy.
DVSTT wrote:So fuel subsidy cut, property tax and some social welfare cuts to be expected in the next budget?
zoom rader wrote:airuma wrote:The real question that I think will help people decide is of all of the persons chiming in on this thread, who are the ones going after a piece of the pie? It always surprises me to see the ones ill talking something the most yet being the first in line for it!
I am still doing my research but with less than 1% in the bank and 5-6% inflation, putting my $$ in the IPO seems better than leaving it in the bank. Apart from that, if the gas prices continue to drop then, how will that affect our overall economy and value of our dollar? (since our economy is somewhat dependent on oil and gas if the 50% of the GDP statement made by the energy minister is true).
Hope you looking at what the big oil producers are doing right now.
They are buying up all the small producer s for long term gain.
Oil and gas price is a cycle of 5 years, it happen in the 70s, 80s 90s and in present.
bushwakka wrote:airuma wrote:The real question that I think will help people decide is of all of the persons chiming in on this thread, who are the ones going after a piece of the pie? It always surprises me to see the ones ill talking something the most yet being the first in line for it!
I am still doing my research but with less than 1% in the bank and 5-6% inflation, putting my $$ in the IPO seems better than leaving it in the bank. Apart from that, if the gas prices continue to drop then, how will that affect our overall economy and value of our dollar? (since our economy is somewhat dependent on oil and gas if the 50% of the GDP statement made by the energy minister is true).
lol i hope is a good hindu home where ur wife controls the money cuz u would lose all by comparing stocks to banks
neilsingh100 wrote:Now that we have a new government, do you think the IPO will be cancelled?
neilsingh100 wrote:If individual investors are not interested the institutional ones will take up the slack so don't see the price going below 20.
My question is if the PNM will go through with the IPO. They could easily cancel it and return money to investors.
fay wrote:Today is the last day
It will be fully subscribed, so those who waiting on the secondary market will have to pay a premium.
mememe wrote:appears to be close to full subscription,
if not fully subscribed.
snatman wrote:fay wrote:Today is the last day
It will be fully subscribed, so those who waiting on the secondary market will have to pay a premium.mememe wrote:appears to be close to full subscription,
if not fully subscribed.
surprising!
source?
YESTERDAY was the final day to subscribe to the Initial Public Offering (IPO) of shares in Trinidad and Tobago NGL Limited (NGL).
In August 2013, the National Gas Company of Trinidad and Tobago Limited (NGC), acquired 39 percent of Phoenix Park Gas Processors Limited’s (PPGPL) equity from Conoco Phillips, making PPGPL a 100 percent locally-owned company.
PPGPL processes natural gas and sells the output. In February 2014, NGC transferred its 39 percent shareholding into a newly formed entity - Trinidad and Tobago NGL Limited (NGL) to allow the public to participate in the IPO and “own an equity interest” in PPGPL.
Questioned yesterday about the demand for shares in the NGL IPO, particularly in the final days of the August 10 to September 9 subscription period, NGC officials told Newsday “demand did pick up in the last few days, as is common with other public offerings. At present the subscription is over-subscribed.” The lead broker in this IPO was First Citizens Brokerage and Advisory Services (FCBAS.
However, investors had a total of ten Approved Distribution Agents (ADA) through which they could have applied for shares. Asked if more requests came through any one ADA, NGC said while it cannot disclose the exact numbers at this time, it is not unusual in an IPO for the lead broker to receive a greater amount of subscriptions than other authorised distributors.
“However,” NGC added, “subscriptions to all authorised brokers were at a healthy level.” Newsday also asked if NGC was satisfied that it had done everything possible to educate the public about investing in NGL. The parent company noted that it provided adequate reliable information about the security offering to the public. “Investors would have performed their individual analyses, to determine whether to invest, and if they are so inclined, the size of their investment.
In disseminating information, NGC had to abide with the rules of the SE C (Securities and Exchange Commission), and work within the law. Although the subscription period ended yesterday (Wed), it will take a few days for FCBAS, as lead broker, to verify the paperwork and confirm there is sufficient money in the accounts of subscribers to cover the cheques written to cover their IPO requests. Therefore, figures related to the total number of shares requested, valid subscriptions, should be available by next Monday, September 14.
russian123 wrote:IPO over subscribed, rem when Subhas (bourse chairman ) was on cnc3 ,Buisiness Watch saying that it was really slow, that statement was because no one was subscribing at his company lol. He really thought the public will forget his role in the FCB fiasco. He resigned his SEC portofolio. Any logically thinking new subscriber will not invest their money through his brokerage firm,
Also on that episode of Business Watch CNC3 used the opinion of this disgraced man as the mood of the entire investing community. The 10 brokerage firms that were tasked with administering the IPO were not all interviewed and proper statistics charted. Only Bourse securities.
Just an example of media bias.
Cheers.
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