I Just wanted to let those of you know that haven't looked into it yet CommSec offer brokering shares on the Singapore Stock Exchange for USD$143.00 or 1.10%, whichever is greater (USD143 up to $13000 transactions by my calc).
The way people are selling at the moment at considerable discount to the takeover valuation suggests quite a few holders are not willing to make the conversion and sell on the SGX. This just doesn't seem to make sense to me because doing some rough math... $143/(2c-1.6c)=35,750.. so lets say for parcels bigger than 50,000 (adding a little bit for forex risk, possible fees etc.) it would be better to convert and sell on the SGX.
Any thoughts? is there something I'm missing?
Also I'm pretty new here and I saw someone else commenting about new members talking about SBL in a not so nice way so I'd just like to say hi, and let you know I hold 600k of SBL shares currently. Thanks to my friend who also comments on SBL for convincing me to get active on HC too.
SBL Price at posting:
1.6¢ Sentiment: Hold Disclosure: Held
