Shares & Derivatives
Trans-cab Holdings IPO – Riding Beside The Big Boys Comfort Delgro and SMRT
By StockBrokerPlaysPoker  •  November 12, 2014
Offering Price: S$0.68 per Share
Timetable 12 November 2014: Opening of the Offering 18 November 2014, 12.00 noon: Close of the Offering 19 November 2014: Balloting of applications, if necessary (in the event of an oversubscription for the Public Offer Shares) 20 November 2014, 9.00 a.m. : Commence trading on a “ready” basis 25 November 2014: Settlement date for all trades done on a “ready” basis I don't really talk about IPOs at all as most of them are pretty speculative and definitely not recommended for value investors. However Trans-cab falls in the transport industry which got me pretty interested as I previously blogged and invested in Comfort Delgro. I had since sold for a small profit and sadly it continued raging upwards!
While transport companies such as SMRT and Comfort Delgro currently trade at excessive valuations of 20 times earnings upwards, new Trans-cab shares ......
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By StockBrokerPlaysPoker
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