11/18/2015

CLOB’s disappearing act

Can anyone remember what happened to those Malaysian CLOB shares that were once listed in our Stock Exchange? Yes, first they became penny stocks, then super penny stocks, that consolidation from 1000 to 1 and from 100 to 1 and ended with practically nothing. This magician act of turning a mountain into a mole hill and then to a grain of sand is going to be repeated in the Singapore Stock market once again.

Many stocks in the mainboard were allowed to be split, just like the CLOB shares to penny stocks and eventually turning into super penny stocks. Who said history does not repeat itself? Only people who did not know history would repeat the mistakes of the past.

The penny and super penny stocks have been given a dead line to consolidate by 2016 or face being delisted. We cannot have a Mickey Mouse stock exchange. Who said so? How come we don’t know and allow our market to be turned into a Mickey Mouse stock exchange? Did we see it coming? Did we see how damaging it will be to allow the value of stocks in the mainboard to become penny stocks by splitting and splitting? Whose great idea was it and what was the purpose of this great idea? To facilitate computer trading or to encourage children to play in the stock market?

So now someone thinks it is not a good idea to have penny and super penny stocks. What about reducing the board lot size to 100 shares or later to unit share? To provide liquidity or to facilitate computer trading again? Again I would like to ask, whose great idea is this and what is the purpose? Oh, more liquidity so that little children can buy with a few dollars in their kitty banks.  What then is the difference between a Mickey Mouse stock market with penny and super penny stocks and a Mickey Mouse stock market with unit shares that cost a few cents or a few dollars to trade?

Got difference meh? Got. Ok, I surrender. Someone said, LPPL. Does anyone want to remember the history of CLOB shares and penny stocks and where it will end up?

6 comments:

Anonymous said...

"Did we see how damaging it will be to allow the value of stocks in the mainboard to become penny stocks by splitting and splitting?"
RB

Damaging? To who? Opposition? Daft Sinkies? Or PAP?

And as for PAP, how damaging can it be, when PAP could still get a 70% mandate only just 2 months ago and Hong Lim Park now is mostly deserted, save for one Chee Soon Juan, who just last Sunday, held a rally there?

Anonymous said...

What's the worry if one
is not gambling in stocks ?
Oops ! It is investing.
Do forgive.
Anyway, 2 more casinos
coming yr way, like to
invest ? Make it instant.
No need to wait for yr
returns.
You get it on the spot.
Faster and more fun.

Al La Ka-Bhumi ibn Ka-Lashnikov Bang Bang Bang! said...

No one forced anyone to play the CLOB. If you cannot stand losing in a game you already suspect is RIGGED, then stay away from the casino and throw away your money on brothels instead.

CLOB companies were mostly shit anyway. All they were eventually were vehicles for pump-n-dump capers, specifically targeting gullible idiots with more money than brains.

Fuck that shit lah. If you remember, greedy, gullible people were just putting down thousands into CLOB on mere RUMOURS, spread like Chinese Whispers i.e. so and so told so and so, who then when to tell his whole family and office...and so on.

>> Many stocks in the mainboard were allowed to be split, just like the CLOB shares to penny stocks and eventually turning into super penny stocks. <<

Of course lah. The Game is rigged, and yet people still wanna play. Good! Who’s the bloody fool?

We have low interest rates and lots of "quantitative easing" money sloshing around, so why not split the stocks? It increases liquidity for the companies—their management boards can go nuts….acquisitions, expansion or just use the money to have a rocking good time, parties, hookers, cocaine, all of course in “exotic” places like Bora Bora, Bali or Boracay…all at the expense of GREEDY SUCKERS.

Key point: YOU CAN’T CHEAT AN HONEST MAN”

Anonymous said...

Al Ma Ti Lah Sin ga pu ra Akbah.

Anonymous said...


anonymous 11.14am pls note......

Are you sure there will be two more casinos here?

Where? When?

The present two already BTH ("Bay Ta Han").

Cannot be! Cannot be!

Anonymous said...

/// The penny and super penny stocks have been given a dead line to consolidate by 2016 or face being delisted. We cannot have a Mickey Mouse stock exchange.
- Who said so?
- How come we don’t know and allow our market to be turned into a Mickey Mouse stock exchange?
- Did we see it coming?
- Did we see how damaging it will be to allow the value of stocks in the mainboard to become penny stocks by splitting and splitting?
- Whose great idea was it and what was the purpose of this great idea?
- To facilitate computer trading or to encourage children to play in the stock market? ///

Wah!
Redbean ask so many questions today.

PAP Ministers keep changing their portfolios every year just like we change our underwear everyday.
Who knows which PAP Minister is responsible for what anymore?

But one thing we always know.
There is always a "Lee" who is in control and is responsible; either as Prime Minister, Senior Minister or Mentor Minister.

So now you know who to ask.