Shares & Derivatives
NauticAWT Limited
By Mr. IPO  •  July 17, 2015


NauticAWT Limited ("Nautic" or the "Company") is a Singapore headquartered firm offering subsurface, subsea and surface facilities engineering services and contracting solutions for field exploration, development and refurbishments.

The Company has 11 offices across the world and provide a range of solutions for the oil and gas industry.


The Company is offering 28m shares at $0.20 each for a listing on Catalist where 1m is through Public Offering and the balance via Placement. The market cap is around S$37.8m. The IPO will close on 21 July at 12pm and start trading on 23 July 2015.

Financial Highlights


I like the revenue and profit growth trajectory. According to the prospectus, the Company has an order book of US$34.6m and intends to pay 20% of its profit after tax attributable to the owners of the Company as dividend from FY2015 to FY2017.


Looking at the proforma where the acquisition ...
...
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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