Portfolio of the week - 2007

[IIC]

China Digital TV Holdings Co.'s initial public offering of 12 million American depositary shares priced at $16 a share Thursday, above the revised expected range of $13 to $15 a share.
The deal had a gross spread of $1.12, a selling concession of 67.2 cents and management and underwriting fees of 22.4 cents each.
Morgan Stanley, Credit Suisse, Piper Jaffray, CIBC World Markets and Needham & Co. LLC served as underwriters for the IPO.
The deal is scheduled to settle Oct. 11.
China Digital TV, a Beijing provider of subscription-based access to China's digital television system, said earlier that its American depositary shares will trade on the New York Stock Exchange under the symbol STV.
China Digital TV Holding Co. Ltd. on Wednesday boosted the price range for its initial public offering to $13 to $15 per American depositary share from previously estimated $11 to $13 per ADS.
China Digital TV said it plans to use net proceeds from the IPO for research and development, sales and marketing, acquisitions and general corporate purposes.

[riverbabe]

Here is the song (see the last line) 77 Sunset Strip

Neat! This is what the urban dictionary says:

"1. Ginchy

1. the singular form of the more widely accepted, Ginchiest. Meaning cool, groovy, hep, happenin', awesome, kick-ass, rockin', .

2. the pinnacle of cool.
Pumas have got to be the ginchiest. They're funky-hot for sure."

Turns out there is an R-Rated version also (see google). But Ski couldn't have meant that!

[riverbabe]

The 2007 POTW Rules from Peanuts' site

I hate pricing IPO's. Peanuts, can I enlist your help on this one? I believe you had a system. If you would price the STV IPO opening price for the POTW, I'd really appreciate it.

#7 No limit orders are allowed. ***one exception*** The only way to be able to play an IPO on the first day of trading is to enter a limit order for the position. There is no other way to get action on the first day of an IPO other than to place a limit order prior to market open for the stock. If the limit order is never filled, the scoring will be as if the player had chosen CA$H.

(I have had a tough experience trying to fight this one! Twice) River

[IIC]

#7 No limit orders are allowed. ***one exception*** The only way to be able to play an IPO on the first day of trading is to enter a limit order for the position. There is no other way to get action on the first day of an IPO other than to place a limit order prior to market open for the stock. If the limit order is never filled, the scoring will be as if the player had chosen CA$H.

(I have had a tough experience trying to fight this one! Twice) River

OK...It has not traded...my limit is 45...but if it opens lower I get that price just like real life

[IIC]

1st trade was 25.75...I'll leave it to the judges

[IIC]

1st trade was 25.75...I'll leave it to the judges

Well...that open might be debateable now...no wonder Rob hates to price 'em...Whatever you decide...but it sure looks good

[stenzrob]

Rob,
Do you know why on the online scoresheet (which, by the way, is a wonderful thing) a few of the Cost prices are now different than they were at yesterday's snapshot?

[JohnHenry]

Rimm

Selll Rimm Now please, thanks

[Rob]

Do you know why on the online scoresheet (which, by the way, is a wonderful thing) a few of the Cost prices are now different than they were at yesterday's snapshot?

That happens when I forget to replace formulas with static numbers in those cells. That's one of the benefits of taking those snapshots; I can easily see what the number is supposed to be and plug it in, so it's an easy fix ... when I finally get 'round to doing it.

[Rob]

STV Open

The STV opening price appears to be $35.00, and thus it shall be, pending Peanuts' input.

[ywamchris]

out UTSI.... in CAS long..... it's a desperate attempt to grasp onto third place..........................

[stenzrob]

..... it's a desperate attempt to grasp onto third place..........................

GO AWAY!

[IIC]

The STV opening price appears to be $35.00, and thus it shall be, pending Peanuts' input.

Well, it was worth a shot...I went in at 32.80...I expect to make quite a bit on it

[peanuts]

The STV opening price appears to be $35.00, and thus it shall be, pending Peanuts' input.

At 9:52 AM EST, STV was available to the public for trading. The opening price at that time was $34.00. This is the price I would use as IIC's entry if I was the scorekeeper, as his limit order was for $45, and would have been filled at $34 theoretically (given that his order would be first in line.) I hope this helps, and I wish I could have got this to you in a more timely manner.

[IIC]

At 9:52 AM EST, STV was available to the public for trading. The opening price at that time was $34.00. This is the price I would use as IIC's entry if I was the scorekeeper, as his limit order was for $45, and would have been filled at $34 theoretically (given that his order would be first in line.) I hope this helps, and I wish I could have got this to you in a more timely manner.

It doesn't really matter...it was just a shot. The NYSE says it opened at 35.00...Stockcharts says... 30.00 ... Scottrade says 25.74...MSN says 31.80...Now I see why Rob hates IPO's.