Unusual Limited (“Unusual” or the “Company”) offered 96.99m shares at $0.20 each via placement. There is no public tranche hence rendering my chilli ratings less meaningful. At the IPO price, the market cap is around S$128.6 million.
The Company specialises in the production and promotion of large scale live events and concerts by renowned international artistes such as the recent Jacky Cheung world tour concert in Singapore.
The Company generated less revenue for 9M2016 but was able to maintain its profitability by improving the net margins from 16% to 24%. In this regard, for the 9M 2016 period, it actually showed a 39.5% improvement period on period to 0.60 Singapore cents on a fully diluted basis. The Company is likely to perform better for FY2016 since it has yet to factor in the last 3 months performances.
Assuming it ended the year …Read the full article →