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Melco Crown Entertainment Limited Message Board

  • stringbean7497 stringbean7497 Dec 1, 2011 10:14 AM Flag

    DUAL LISTING

    Price was establish at 8.61 a share for the new listing.
    If price is substainally higher ot lower at the time the dual
    listing, would the opening price just reflect this?

    We have all seen IPO open at much higher price than stated the
    day before.

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    • I think Mutualfundmonday said the $8.61 is the price MPEL got by cnverting their loans. Umm... is that right???

      Upon the Dual listing, there will be two separate symbols for the same company, MPEL. At the end of each quarter, how will they sort out profit or losses?

      It seems like the new symbol for MPEL under SEHK will have a better chance of greater "price" appreciation. And MPEL(ticker symbol from Nasdaq) might do nothing after a great run from yesterday's. What does anything think?

      Thank you for intelligent feedbacks. :-)

      • 3 Replies to fbi4hire
      • They don't have to sort out any profits or losses between the two tickers. They represent the same company. Plenty of companies out there are traded on multiple exchanges. Take Toyota for example. They trade on the Japan exchanges and you can also buy ADSs in them on the U.S. market. How the stock closes will generally (but not always as there may be news items in between) affect how the stock opens in the other market.

      • fbi, the 8.61 is right. I read all the SEC filings MPEL puts out there unlike 99% of the people here. That's why I'm knowledgeable about the company.

        "The conversion price (the "Conversion Price"), which is US$2.87 per Share, was determined as one-third of the volume weighted average price of the American Depositary Shares ("ADS(s)") of the Company as quoted on the NASDAQ Global Select Market, over the period of the five business days (being NASDAQ trading days) immediately preceding November 29, 2011, as each ADS represents three Shares. The Conversion Price per ADS was US$8.61 and if the Company had issued ADSs on the conversion, it would have issued approximately 13,403,977 ADSs."

      • lsualum2001@bellsouth.net lsualum2001 Dec 1, 2011 11:56 AM Flag

        Follow Coach the next few days since they also listed by introduction on the SEHK in the last day or so.

    • At today's $10 for MPEL 6883.HK would open around HK$26.00 next week.

      • 3 Replies to whatr_udoing
      • If MPEL does open near HK$26 that will be nominally the HIGHEST share price, higher than SCL$22,WynnM$21,MGM$11 China,Galaxy$14 or SJM$13. That should all mean beans, nominal price isn't a rank comparison adjusting shares outstanding/market cap.

        Nonetheless when you deal with retail market psychology and Hong Kong is no exception to market irrationality, the HK$26 price may have some affect.

      • Did you notice that Coach, yesterday did an exact listing by Introduction in HK and was down about 1% on the day.

        Now I don't know that MPEL has anything in common with Coach, but the fact that it has been awhile that any prominent name has listed in HK and the thing didn't plunge is a positive on balance.

        Additionally, MPEL regards China for nearly 100% of its revenue versus just 20% for Coach.

        Any thoughts on Coach, Whatr?

 
MPEL
19.44+0.14(+0.73%)May 28 4:00 PMEDT