Kimly Limited – Balloting Results

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  Kimly announced that its IPO of 173.8m shares were collectively 8.3x subscribed on an overall basis. My back of envelope computation showed that the public tranche was 336x subscribed. For investors who applied for the public tranche, the balloting table is presented below: Investors who applied for 100k shares will have a 2:25 chance of getting 6,000 shares. The insiders, … [Read more...]

Kimly Limited

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Kimly Limited ("Kimly" or the "Company") is offering 173.8m shares at $0.25 each for which 170m shares is via placement and 3.8m shares via a public offering for a listing on Catalist. The offer will close on 16 March 2017 at 12pm and trading will start on 20 March 2017. The market cap based on the IPO price is S$288.7m. Principal Activities Kimly is the largest traditional coffee shop … [Read more...]

SRS Feb 2017 update

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On Valentine's Day, I used the cash in my SRS portfolio to buy presents - 2 REITs for myself. My criteria was pretty simple: Yield of REIT is more than 6% (both yield more than 6.5% at my purchase price) Price/NAV is less than 1.0x (both trading around 18-20% discount to its book value at my purchase price) From that list, i bought 30,000 units of Fraser Commercial Trust (yield of 7.6%) … [Read more...]

Moolahsense / Trading Update – Jan 2017

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I first blog about Moolahsense in May last year. My blog post is here.Since then, I have met up with the management team of Moolahsense and decided to increase my allocation to $75,000.My interest earned for 2016 was around $4,335. Having said that, the potential delinquency has gone up in recent weeks and currently, i have about 3 cases of late/no repayments currently.Let's see if it turns … [Read more...]

Dasin Retail Trust

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Dasin Retail Trust ("DRT" or the "Trust") is offering 151,768,900 units at $0.80 per unit of which only 2m units will be available for the public tranche. There is an over-allotment option of 9,343,300 units in the event the IPO is oversubscribed. A separate cornerstone tranche of $25m of units have been offered to China Orient Asset Management and Haitong International Fund SPC.Its principal … [Read more...]

Samurai 2K Aerosol Limited

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For information only. Not spending too much time as the placement is already closed with no public tranche.Samurai 2K Aerosol Limited ("Samurai 2K" or the "Company") is placing out 20m shares at $0.20 each for a listing on Catalist. There is no public tranche and trading will commence on 16 Jan 2017 at 9 am with a market cap of $20m. The link to the prospectus is here.Principal ActivitiesThe … [Read more...]

Passive Income Update – Goals for 2017

I spent the first weekend of January setting the goals for 2017. I do track my goals regularly and 2016 was a mixed bag where i managed to hit 50% of the goals set (quite an achievement already! lol) Your goals will depend on the life cycle which you are in and i have set some very "stretched" goals for myself for end 2017 (not all are listed here): Achieve passive income of $60,000 per … [Read more...]

Singapore IPOs Tikams for 2016

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Some of you may be wondering why i have been missing for so long, well i do sincerely apologize as i have travelling quite a bit. The only thing that reached a record high this year is probably the amount of time i spent in the air . . . I can probably compile an album of all the "airplane food" I had in 2016 but let me do that in another post ^_^ Recap of 2016   Similar to last year, … [Read more...]

HC Surgical Specialists Limited

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HC Surgical Specialists Limited ("HC Surgical" or "the Company") is offering 30m placement shares at $0.27 each for a listing on Catalist and there is no public tranche. The offer will close on 1 Nov 2016 at 12pm and commence trading on 3 Nov 2016 at 9am. The market cap is S$39.5m based on the IPO price. The Company is a medical services group primarily engaged in the provision of endoscopic … [Read more...]

Exeggcute?

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Greetings! You must be wondering where Mr. IPO has gone to ... Is he busy catching Pokemons and neglecting this retirement blog?!? Well... I have been living in a suitcase for the last few months, round the world for work and not for catching Mr. Mime unfortunately... And this is likely to continue for the foreseeable future... Sigh The Pokemon eggs is probably an apt picture. It … [Read more...]

AGV Group Limited

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AGV Group Limited ("AGV Group" or the "Company") is offering 26.92m shares via placement at $0.22 each, comprising 21.82m new shares and 5.1m vendor shares for a listing on Catalist. The offer will close on 24 August 2016 at 12pm. The market cap based on the IPO price is S$27.7m.   I don't intend to spend too much time on this IPO as all the shares are placed via placement. The Company is … [Read more...]

China Jinjiang Environment – Balloting Results

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The balloting results is out for China Jinjiang but CICC is probably not so "experienced" with our local regulations and the launch is delayed till 2pm. There were any announcements and the following were sourced from the Straits Times. Everyone who subscribed for the public tranche will be allotted some shares. The bulk goes to investors who subscribed for 50,000 shares and they will be … [Read more...]

China Jinjiang Environment Holding Company Limited

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China Jinjiang Environement Holding Company Limited ("China Jinjiang") or ("the Company") is offering 92,419,300 shares at $0.90 each for a listing on SGX where 87,798,300 shares will be via placement and 4,621,000 shares via public offering. The IPO will close on 1 August at 12pm. Assuming over-allotment is not exercised, the market cap will be $1.08 billion. Principal … [Read more...]

Wong Fong Industries Limited

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Wong Fong Industries Limited ("Wong Fong" or the "Company") is placing out 43m shares at $0.23 each for a listing on Catalist. There is no public offering and the offer will close on 26 July at 12pm. The market cap at IPO will be $54.1m   The Company is a provider of land transport engineering solutions and systems for various industries with a presence in Singapore, Malaysia and the … [Read more...]

EC World REIT

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EC World REIT is offering 188,125,600 Units at S$0.81 per Unit where 7.5m units will be made available to the Public while the rest are placed out. In addition to the offering, EC World raised another S$194m through the issuance of Cornerstone Units to Bank of Communications, Fosun International and China Cinda Asset Management. EC World can also over-allot another 31.1m of Units for this … [Read more...]

Afterthoughts on Procurri ratings

Readers of my blog know that i hesitated quite a bit when I gave my ratings on Procurri over the weekend. In fact, i was quite hesitant to give it a 2 chilli rating but what eventually made me do it was the positive sentiments and demand from so-called "branded institutions" and you saw 4 of them in my update on balloting results.Well, the beliefs that DBS was a "picky" manager … [Read more...]

Procurri Corporation Limited – Balloting Results

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Procurri Corporation Limited ("Procurri") announced that its IPO was 1.9x subscribed where the public tranche of 6.88m shares were oversubscribed by 10x.Commenting on the strong response from investors, Mr. Sean Murphy, Procurri's Global Chief Executive Officer, said, "We are elated with the broad-based support from both institutional and retail investors. The results reflect investors' … [Read more...]

Katrina Group Ltd

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Katrina Group Ltd ("Katrina" or the "Company") is placing out 35.8m placement shares at $0.21 each for a listing on Catalist. The IPO will close on 22 July 2016 at 12pm. The market cap is around S$48.6m based on the IPO price. Katrina is an operator of restaurants and cafes under different F&B Brands and concepts. The portfolio of names under Katrina are listed below It has a portfolio … [Read more...]

Procurri Corporation Limited

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Procurri Corporation Limited ("Procurri" or the "Company") is offering 68.88m new shares comprising 62m placement shares and 6.88m Public shares at $0.56 each. It has been a long while since we see a non-REIT listing on the main board.The IPO will close on 18 July 2016 at 12pm and start trading on 20 July. The market cap of Procurri based on the IPO price is around $156.8 million.The Company is a … [Read more...]

Advancer Global Limited – Balloting Results

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Advancer Global announced that its shares have been 5.5x over-subscribed. The public tranche of 2m shares were about 98x subscribed! It is interesting to note the intent of the management in the press release which is reflected in the balloting ratio."We are heartened by the strong vote of confidence from both the retail and institutional investors. The balloting ratio reflects the … [Read more...]