I blogged about the possibility of applying for this IPO some time ago on Investment Moats. And I did applied.
I am aware that the sentiments are lukewarm about this IPO at that time and they even tried to spread a rumor that it is so popular that it will close one day earlier.
But never in my wildest dreams would I expect the result. Here is the balloting results:
Basically, what this means is that EVERYONE that subscribes gets it.
Drizzt subscribed 11 lots. Drizzt got 8 lots!
Now you might think that is darn good. This is after-all the biggest IPO since Singtel IPO. But I have a very bad feeling about this. Since when did you have an IPO where you get almost 80% of what you subscribed!
It is beyond my belief and really I was expecting that I get only 1-2 lots. now I have 6 more.
This HPH will be listed on 18th of March 2011 at 2:00 PM as HPH Trust US$.
So what do you guys think? Should I pared down at a loss?
I run a free Singapore Dividend Stock Tracker available for everyone’s perusal. It contains Singapore’s top dividend stocks both blue chip and high yield stock that are great for high yield investing. Do follow my Dividend Stock Tracker which is updated nightly here.