$Keppel (BN4.SG)$ Investors should note changes to Keppel&rs...
Investors should note changes to Keppel&rsquo s net tangible assets (NTA), while those who have sold Keppel short may need to factor in the Sembmarine shares when required to cover their positions.
In response to queries from The Business Times, the Singapore Exchange (SGX) explained that short sellers who had sold Keppel short before Feb 23 &ndash that is, on a cum-distribution basis &ndash will have to deliver Keppel cum-distribution shares when due. Failing that, they will have to deliver Keppel ex-distribution shares as well as Sembmarine shares.
Should the seller fail to deliver shares to the central depository (CDP), they will be subject to CDP&rsquo s failed settlement management.
&ldquo (This) includes buying-in &ndash at a premium &ndash and procurement of the shares for delivery to the buyer, at the seller&rsquo s cost,&rdquo the SGX spokesperson said. &ldquo Short sellers who fail to deliver shares are also subject to a failed trade penalty.&rdquo
The Business Times had earlier reported that the deal between Keppel and Sembmarine appears to have attracted the attention of short sellers. Short positions on Keppel had increased slightly in recent days, while short interest in Sembmarine was up significantly.
In response to queries from The Business Times, the Singapore Exchange (SGX) explained that short sellers who had sold Keppel short before Feb 23 &ndash that is, on a cum-distribution basis &ndash will have to deliver Keppel cum-distribution shares when due. Failing that, they will have to deliver Keppel ex-distribution shares as well as Sembmarine shares.
Should the seller fail to deliver shares to the central depository (CDP), they will be subject to CDP&rsquo s failed settlement management.
&ldquo (This) includes buying-in &ndash at a premium &ndash and procurement of the shares for delivery to the buyer, at the seller&rsquo s cost,&rdquo the SGX spokesperson said. &ldquo Short sellers who fail to deliver shares are also subject to a failed trade penalty.&rdquo
The Business Times had earlier reported that the deal between Keppel and Sembmarine appears to have attracted the attention of short sellers. Short positions on Keppel had increased slightly in recent days, while short interest in Sembmarine was up significantly.
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Lucky 猫 OP : Short sellers burnt by SGX
Numberless Lucky 猫 OP : does that mean that those who sold before the ex trade wont be able to get SMM?
Milk The Cow : Nope... the drop is justified...![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Even either the drop, evey lot of $Keppel (BN4.SG)$ , u already earned 1k sgd since market opened with the increased back of pricing...
I'd missed a great buy opportunity...
By right my calculation say it should opened at around 4.74 sgd... so, it opened with an instant profit already...
dingdongdingdong : what's going to happen?
Milk The Cow Milk The Cow : If u never buy 1 lot before the deal & buy 1 lot keppel now with the price drop, u are actually paying at a higher premium pricing...![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
... missed the buy deal opportunity... because my sgd cannot mobilised within 1 day when I realised the 19100 given shares bonus deal...![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Yar, basically giving money to those who bought it at the deal pricing...
Wah, heart pain sia
Stockfishing : Why I haven’t get my semb marine shares?
Lucky 猫 OP Milk The Cow : Same super heartpain… but this surge is in part due to covering
huEYc : Nothing will happen if sell yesterday right cosz only gain yesterday share price hike but no smm share entitlement
Lucky 猫 OP huEYc : This news is if you sell without a position aka margin short sell keppel
huEYc Lucky 猫 OP : I still catch no ball ler
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