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原帖由 b4321 於 2007-10-3 12:45 PM 發表
Small amt of subscription can get 1 lot, it means it is not favourable for those who subscribe many but still in Group A.

This is a very unfair way of allocation.  If that's true, I am fortunate not to have subscribed to this share.  So many shares would go to people who sell in day 1 and have no interest in the company.  It's a waste of administration effort and just to make the bank/broker rich.

With limited amount of cash, I placed my bet on #3999 instead, and I get 15,000 shares.   The decision was simply based on Cazenove being the sole book runner and they have a great track record.  I hope it's the right decision.

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原帖由 eatallcheesecak 於 2007-10-3 03:00 PM 發表
Me too, with a limited amount cash. I put my whole bet on 410, then the remaining on 3883 and one hand on 3999 for participating. And, it seems you made a better decision than mine.

But I am con ...

There isn't a better investment than IPO.  This is a weird situation unique in HK only, so why not take advantage of it.  The issuer guarantees you a profit and the banks charge you an interest rate lower than the HIBOR.  You may gain more by direct investment and there's always a risk.  With IPO, there is ZERO risk and you can sometimes win big.

I always use Day 1 closing to gauge the IPO performance, and with the two recent IPOs, the profits were 10% and 3% over 7 days.

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原帖由 b4321 於 2007-10-3 02:46 PM 發表
For large scale of IPO, put yourself in Group B so u can avoid the unfair policy like one man one lot or two man one lot.

The problem with Group B is that the percentage is on the whole lower than Group A.  Having said that, if you have unlimited resources, you should always go for Group B as the absolute allocation/gain is always higher.  

I tried a few Group B's and they were all unlucky experience.   I am inclined to spread my money into as many IPOs and as many accounts as possible to maximise the allocation.

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原帖由 b4321 於 2007-10-3 05:06 PM 發表
Understand. But Group B is more fair than Group A.

In the most recent allocation in Group B, the hitting rate across Group B is the same. It means if u put more $ in, u will get more shares in t ...

But in terms of percentage, group A at any level is better than group B.  Therefore, with limited resources, one should split up the money into two or three group A than having one group B.  

I had as much as 2% on #1393 and 1.5% on #3377, a much better percentage than group B.

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原帖由 peninsula 於 2007-10-3 06:00 PM 發表

Bravo. You are a smart investor indeed!

No, you don't need to be a genius to work it out.  It's all Maths.  

The bank manager told me that these days, their C9 customers all go for Group B.

My retired uncle who lived overseas came back last year for holiday when #1398 went IPO and I had to convince to put the money on the IPO.  He was scared.  He didn't believe me when I told him it's ZERO risk - he thought it was too good to be true.  He started with a capital of $500K and one year on, he has made over $2 million.

My retired sister uses 100% finance on the IPO and she made over $1 million in the last 18 months.


Simple as that.

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原帖由 b4321 於 2007-10-3 06:45 PM 發表
Understand and agree to spit into more in Group B. But all my close relatives do subscribe new shares and there is no spare account for me to use. There should be more eyes to look at if one applie ...

Of course, one stands no chance of putting in more than one application in the same name.  If one doesn't have extra names, then he/she should put in maximum resources but should consider splitting that max. resources into as many IPOs as possible.

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原帖由 eatallcheesecak 於 2007-10-3 11:24 PM 發表
Also in Mainland China, millionares are all over the place or the people I met. Told by them, nowadays tenths of millions is the entry to the so-called "kind of rich"

I am actually managing some accounts for a few of my Shanghaiese friends.  Although it wasn't close to millions, the amount is not to be sneezed at, considering these are office workers and at most they are making some ten or twenty thousand RMB a month.  So, never underestimate a Shanghai woman.

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原帖由 peninsula 於 2007-10-4 01:06 PM 發表

No "meat to eat" for #3999.

Big meat to eat.

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原帖由 eatallcheesecak 於 2007-10-5 10:34 AM 發表
The highest around at $3.5, a 20% increase.

As before as I did with the previous IPOs, I sold it too early at around $3.25.

This is going to hit $3.90 soon.  Generally, I won't sell in the first three days.  I will let the one-man-one-lot people get out of the way first.  Also, I never worried, as I have great confidence in Cazenove.  That's the only reason I subscribed to this stock.

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原帖由 eatallcheesecak 於 2007-10-5 11:03 AM 發表
I am eaxctly the "one man one lot" for this stock.

I think I have to change my trading habit for the new stocks.

So at $3.25 you made a $320 gross profit, minus $100 brokerage.   Is it worth the trouble?  And chances are, you might not even get the allocation.

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原帖由 eatallcheesecak 於 2007-10-5 11:23 AM 發表
Yes, as I said I should change my trading habit.

And, the net profit is around $68 after deduct the bank fees and others, a 2.2% return in 10 to 12 days. But quite good comparing to around 3.X%  ...

But this 2.2% comes with a risk.  Also, one should look at the absolute term.  

My net profit at $3.44 is around 10%.  Not bad for 8 days work.