Everyone seem to be talking about the IPO for Fraser Hospitality Trust (FHT) that Starburst gets hardly noticed by retail investors. There's a couple of fellow bloggers who have also blogged about this IPO so I will try to give my views here.
They will be offering 50 million shares (48 million shares for placement and 2 million shares for retail investors) at a price of $0.31. The IPO will close next week on the 8th July at 12pm.
Introduction
Starburst is a Singapore based engineering group specialising in the design and engineering of firearms-training facilities. The company has a track record and experience of close to 15 years in this niche industry.
Their business can be classified into 3 main business segments: Firearm Shooting Ranges, Tactical Training Mock-Ups and Maintenance Services and Others.
Financials
If you take a look at its Profit and Loss Statement for the ...
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