Shares & Derivatives
Maxi Cash IPO – To Buy or Not
By K.I.S.S. Investing  •  June 14, 2012
Michelle Chia, the spokesperson for Maxi Cash!
Amid the Chaos of Europe and US, there is one catalist listing that caught everyone's attention and familiar to us Singaporeans - Maxi Cash! You can see a press release here.
I have seen many forums and read up a bit on the news and its prospectus; and the views are inconsistent on whether this IPO will soar on its debut...
Let's look at its corporate profile:
Pawnbroker Maxi-Cash Financial Services Corporation Ltd Operations are concentrated on 2 business segments - Pawnbroking and Retail and trading of pre-owned jewellery and watches.
Maxi Cash is a subsidiary of mainboard-listed jewellery retailer and property developer Aspial Corporation - formerly Lee Hwa Holdings.
And the Summarized Financial Statements are here below:
Now lets talk about the Pros and Cons of this company and finally an opinion by myself.
The Pros:
  1. Well established market position (13%) ...
...
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By K.I.S.S. Investing
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