ISF new capital notes at $6 million!!!

21Ckid

The new tranche is priced at a whopping $6 million. I doubt if anyone will really buy it. Or perhaps just a tactic to mark up the secondary market price. Given the school though popular but still nowhere near HKIS or CIS.

HKTHK

回復 21Ckid 的帖子

I have been told the market price has been at $6 mil several months ago.  Didn't know they were issuing another tranche though.  

easysasy

Seems the school is raising price of each batch by 1.5Mil. I remember the last two were 3Mil and 4.5Mil. 6Mil is a lot of money. Not sure if the price could keep going up.

fanfanbb

Ha??? 4 Million is already very expensive lar, 6 M????

LeeMama328

回復 fanfanbb 的帖子

$100m 又如何呢。。。。你不一定要買才可以讀ISF架。可以連幾萬都唔俾都得架。

HKTHK

回復 LeeMama328 的帖子

Even if you buy, admittance is not guaranteed either!

tingtingting

Someone in my office bought one for around $500,000 a few years ago.  Believing that a place at ISF is more or less secured, she bought another one in 2nd hand market for her second kid and a very nice apartment in Bel-Air.  She did not get the ISF place but made a lot of money at the end.

21Ckid

回復 HKTHK 的帖子

This is the new tranche #9, don't know how many will be issued.

The price had hit $6.8 million or 6.5 million earlier (different sources), now 2nd hand come down to 6.2-6.3 million, perhaps due to the depressed stock market. It is absurd. Nonetheless, it is almost a guarantee, as i heard, 99% got admitted.

HKTHK

回復 21Ckid 的帖子

Don't think your sample is representative.  A fair number of people get rejected even with debenture.  That's why there are now more and more siblings with debentures.

sonicgina

Agree with HKTHK. Schools always like to service VIP first.

21Ckid

回復 HKTHK 的帖子

Don't understand how this is related to "more siblings with debentures"

HKTHK

回復 21Ckid 的帖子

Yes, you are right, not directly related to your point.  Rather just referring to the underlying competitiveness of getting in these days for debenture holders or siblings alike.

21Ckid

回復 HKTHK 的帖子

So what's the percentage passing you think? Cos those i know or heard of, none was rejected.

HKTHK

回復 21Ckid 的帖子

No idea what the exact percentage is but I personally know multiple cases of kids with debentures not being accepted.

21Ckid

回復 HKTHK 的帖子

What grades? Would you know why? Or just not passing the first assessment?

HKTHK

回復 21Ckid 的帖子

These are my personal friends so I am not going to divulge their personal details here

21Ckid

Anyone knows what % of students are covered by the capital notes?

kafool

Same here HKTHK. Know many cases of debenture holders didn't get in FY13 and also for 1st interview for FY in 14.

HKTHK

回復 21Ckid 的帖子

Definitely below 20% though no idea what the exact % is

21Ckid

回復 kafool 的帖子

But I heard only handful not getting through (school said "not ready"), mostly due to young age (born in latter part of the year. Some got through in the second or third assessments, some asked to defer one year, and very few gave up.