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chipmunk
July 17th, 2003, 06:46 PM
Anyone interested? May i know how many lots per share for this? And also what is the diff btw this NCPS from DBS one?
By the way what is NCPS
EPS
July 17th, 2003, 06:50 PM
Non Cumulative Preference Shares
4.2 means the fixed dividend u will get .
everything quote is one share only unless stated otherwise
chipmunk
July 17th, 2003, 06:52 PM
Originally posted by EPS
Non Cumulative Preference Shares ic. So NCPS is that. LOL. No wonder the price is so high.
EPS
July 17th, 2003, 06:53 PM
Originally posted by chipmunk
ic. So NCPS is that. LOL. No wonder the price is so high.

money not enuff to buy:D
chipmunk
July 17th, 2003, 06:55 PM
Originally posted by EPS
money not enuff to buy:D Buy the DBS one lor. Think is 10 shares per lot rite?
jamesjoel
July 18th, 2003, 12:54 PM
From iOCBC Market idea today :

OCBC’s 245,830,884 4.2% non-cumulative non-convertible class G preference shares (NCPS) will be listed on 21 Jul 2003. It will be tradable in broad lot of 1000 NCPS. Based on the stated terms, OCBC NCPS is offering net dividend of 4.2%. As a comparison, DBS NCPS is at 6% gross (or 4.68% net using tax rate of 22%). Based on DBS NCPS last traded price of $107, yield is 4.37%. As such, both are fairly comparable in terms of yield.