What an introduction! The stock opened @ 16.78 and closed @ 15.22 losing 9.40%. Price range is between 14.92 to 16.80. Total value is 3.6B, which I speculate that 1B of it was used to stabilize the price @ 16.78. UBS AG Singapore Branch is tasked to support the price of the stock within 30 days beginning today, but its buying capability is limited only up to 15% of total shares. The task of supporting price is done in both ways, buying and selling shares, which UBS did today. It bought closed to 87 million shares and sold 22 million shares. If the total shares is approximately around 1.7 B, 15% of it will be 255 M. And then deduct the total number of sold shared from the total number of bought shares, you will come up with 65 million shares used to support the price. So out 255 million, UBS still has 190 million shares to buy just to stabilize the price. The Prospectus also mentioned the stabilizing agent has been given the discretion to support or to discontinue supporting the price. Just thinking, even with a stabilizing agent with such huge buying power, the stock still declines significantly, what do you think will happen if the stabilizing agent after 30 days discontinue its support?
1.
1
30 comments:
255 million minus 64 million. May 190 million pa. Day 1 pa lang. Let us see after 30 days.
Minus 5 million today. 185 million more.
UBS bought 24.6 million shares and sold 19 million shares.
Is 13.20 the floor price?
UBS bought 10 million shares and sold 7 million shares. 182 million more.
UBS bought 4.6 million shares and sold 428k shares. 178 million more.
That's a buy signal in my system.
30 days minus 5 days = 25 days more
As of 11:18 AM, UBS bought 11.2 million shares and sold 1.3 million shares. That minus 10 million from 178 million = 168 million more in 25 days. Then the task of price stabilizing agent is done and that's the time, we will know the real price of this stock.
UBS bought 14.9M shares and sold 1.3 M shares = 13.6 million. 168 million minus 3.6 million = 164.4 million left in 25 days.
03 November 2020
164.4 million minus 2.4 million equals 162 million more
04 November 2020
UBS bough 2.9 million and sold 1.4 million shares.
162 million minus 1.5 million equals 160.5 million and the price stabilizing agent has 23 days more.
157.5 M shares. 22 days more.
UBS bought 2.6 million shares
154.9 million shares left within 21 days
UBS bought 5M shares.
149.9 M shares left within 20 days.
149M within 19 days
minus 3.77 million = 145.2 million within 18 days
Minus 8.9 million = 136.3 million left in just 17 days.
UBS bought 7.7M and sold 335ksh.
136.3M minus 7.4M equals 128.9M left in just 16 days.
UBS bought 9.2Msh
119.7Msh left in 15 days.
minus 10M equals 109.7M in 14 days.
minus 1.18M = 108.5Msh in just 13 days.
No activity from UBS. 12 days more.
UBS missing for the 2nd time. 11 days more.
UBS missing for the 4th time. 9 days more.
UBS missing in action for the 5th time. 8 days more.
UBS MIA for the 6th time. 7 days more.
UBS MIA for the 7th time. 6 days more. Next week will be the moment of truth.
8th time and 5 days more. 11 December is the moment of truth.
MIA for the 9th time. 4 days more.
MIA for 11th time. 2 days more.
MIA for 12th time. 1 day more. Remember 11 December
Post a Comment