Cambodia's Second Stock Listing Delayed Again, Shocking...

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Re: Cambodia's Second Stock Listing Delayed Again, Shocking.

Postby Gaudente » Thu Jun 19, 2014 10:36 am

it paid an insulting dividend of 55 riels , yielding a laughable 1.1% to current quote.
http://www.csx.com.kh/company/announce/ ... 6JaNqhBlF8" onclick="window.open(this.href);return false;
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Re: Cambodia's Second Stock Listing Delayed Again, Shocking.

Postby ali baba » Thu Jun 19, 2014 12:32 pm

Wow, these IPOs are really worth the wait. What to do with a 55 riel windfall?
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Re: Cambodia's Second Stock Listing Delayed Again, Shocking.

Postby Gaudente » Fri Jun 20, 2014 10:44 am

well if you forked out 15 Grand to buy 1,000 shares at IPO you would cash 55,000 riel , enough for a short time with a Walkabout skank .
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Re: Cambodia's Second Stock Listing Delayed Again, Shocking.

Postby Gaudente » Fri Jun 20, 2014 10:49 am

Soi Dog wrote:It's out...and selling at a discount already.
Things became even worse.
As you can see below, there's offer down to 9,200 riel with no bidding at all.


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Re: Cambodia's Second Stock Listing Delayed Again, Shocking.

Postby General Mackevili » Fri Jun 20, 2014 12:14 pm

When did the first company get listed? Over a year ago?

Have they only managed to get 2 companies listed on the stock exchange in the past year or so?

That's not very reassuring.
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Re: Cambodia's Second Stock Listing Delayed Again, Shocking.

Postby Gaudente » Fri Jun 20, 2014 1:33 pm

Indeed.
I wonder why Acleda and Canadia Bank did not file for listing.
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Re: Cambodia's Second Stock Listing Delayed Again, Shocking.

Postby ali baba » Fri Jun 20, 2014 3:57 pm

General Mackevili wrote:When did the first company get listed? Over a year ago?

Have they only managed to get 2 companies listed on the stock exchange in the past year or so?

That's not very reassuring.
It's a vanity project, like a super tall building that remains half empty.

Many feel that you're not a 'modern' country without a stock market so Cambo invested resources setting one up and since no one wanted to list on it the state owned utilities were told to prepare IPOs. The fact that several companies are traded on other exchanges shows that the CSX is unneeded and unpopular.
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Re: Cambodia's Second Stock Listing Delayed Again, Shocking.

Postby OrangeDragon » Fri Jun 20, 2014 6:07 pm

Grand Twins isn't a utility company... it's a clothing manufacturer.

And the volume today was 24,579 shares...

http://www.csx.com.kh/data/stock/daily. ... e=20140620" onclick="window.open(this.href);return false;
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Re: Cambodia's Second Stock Listing Delayed Again, Shocking.

Postby Joker Poker » Mon Jun 23, 2014 8:45 pm

Thought that might happen. Gotta make sure the first listing works, then who cares?
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Re: Cambodia's Second Stock Listing Delayed Again, Shocking.

Postby OrangeDragon » Mon Jun 23, 2014 10:14 pm

If Grand Twins hits 7000R/share I may just buy $100 worth for fun. See what happens when a sudden buy order hits the market for 50 or 60 shares.


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