Author: Mr. IPO

What is your personal credit rating in Singapore?

I previously mentioned that i have changed job recently and was asked by my PA to submit a credit report on myself to the authorities . . . 🙄 . . . wouldn’t the authorities already have access to them already . . . ??? Anyway… what is this credit report? Well… it is your credit profile with the banks here and in the report, you will be given a credit score that shows your potential “default rate”. 🤔 And the factors affecting your credit profile are as follows: Looking at my own credit report, i realised the banks have been diligently...

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LY Corporation Limited

LY Corporation Limited ("LY Corporation" or the "Company") is placing out 75.848m shares comprising 61.174m new shares and 14.674m vendor shares at $0.26 each. There is no public tranche, as such, providing little motivation for me to review it …💤 The IPO will close on 29 Jan 2018 at 12pm and commences trading on 31 Jan 2018. The market cap will be S$127m.   Principal Business The Company was started by Tan Kwee Chai in 1976 with 8 employees more than 40 years ago and has since grown to a company with more than 1,000 employees. It has become one of...

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Change Warerobe for Chinese New Year?

Chinese New Year is round the corner and my wife is “nagging me” to throw away some “old clothes” before i am “allowed” new ones. 😋 I can still recall when i was young, i get to wear new clothes during Chinese New Year … and today, there is an article on Sunday Times to “review your stocks as would your clothes”.  The article is here for your reference.  I was looking through my portfolio to see if there are any counters which I should “discard” . . .   SRS Portfolio Frasers Commercial Trust has done quite well for me...

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Topping up SRS and random rumblings…

2018 was off to a great start … 2018 was off to a good start where the compliance placement of Memories Group at 25 cents debut very well and ran up to a high of 41 cents. I benefited from the strong run up in the first 3 days where I managed to dribble out the shares over the first 3 days before the volume tapered off. My write up on Memories Group is here. but i missed out on Cityneon …    I was eyeing Cityneon since it corrected from a high of 1.24. I like where the...

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Review of 2017 and Goals for 2018

Time flies. It seems like yesterday when I blog about my Goals for 2017. I always like to set goals for myself at the beginning of each year and see if I am able to achieve them by the end. Let’s take a quick look at how each of those goals pan out for 2017 and how I measure against them. Goal 1 for 2017 – Increase net worth to $x.5m My definition of “Net Worth” is basically everything we own under the sun from property to stocks and shares and CPF balances. Any increase will be a combination...

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Portfolio Activities for Dec 2017

December turned out to be a short month, so let’s see how the SRS portfolio turned out. SRS Portfolio   The portfolio ended the year at a record high of $237,815 (an increase of $5,314 since my last update in November). UMS continued to be the biggest contributor to the gains and since my last update, i received the following: $361 distributions from Starhill Global scrip dividend of 545 shares from Frasers Commercial Trust $1,000 cash dividends from UMS Holdings Non SRS Portfolio   Hyflux Perps   Hyflux Perps continue to be a big drag on my portfolio, falling...

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Memories Group Limited

For Information only Memories Group Limited (“Memories Group” or the “Company”) is doing a compliance placement of up to 50m new shares at $0.25 per share. The offer is expected to close on 3 Jan 2018 and starts trading on 5 Jan 2018. This is a reverse take-over (“RTO”) of SHC Capital Asia Limited, hence there is no public offering. Even though the business of Memories Group is easy and simple to understand. I have to say that evaluating a RTO is more challenging than a usual IPO as RTO process is more complex. It involves consolidating the old shares,...

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Singapore IPOs Tikams for 2017

2017 turned out to be active one where there were 21 IPOs on Singapore Exchange. (source from Shareinvestor.com) In terms of post market performance, Samurai and Unusal performed the best and became multi-baggers with gains in excess of 415% and 290% respectively 😫 I managed to get placement or ATM shares from 10 out the 21 IPOs. 6 of them made money with 4 making losses due to bad timing.  2017 ended as “2nd best year” where my total gains was $27,298 and the bulk of it came from: Sanli Environment $21,753 Kimly $5,700 APAC Realty $2,051 For those readers who just...

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Clearbridge Health Limited

For Info only as there is no public tranche. I also caveat that i know nothing about the biotech industry. Too “genomic-ally Greek” to me…   Clearbridge Health Limited (“Clearbridge” or the “Company”) is placing out 88m New Shares at $0.28 each for a listing on Catalist. There is no public offering and the Company will commence trading on SGX on 18 Dec 2017. Based on the IPO price, the market cap of the Company is $134.7m You can find the prospectus here. Principal Business   The Company is a healthcare company with a focus on delivery of precision medicine...

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Cromwell European REIT – Balloting Resultsb

Cromwell European REIT (“CEREIT” or “Crownwell”) announced that its public offering was 3.1x subscribed. The over-allotment option was exercised as well. Investors who applied for 100,000 shares has a 60% of being allotted 63,000 units. I didn’t apply for the Cromwell Shares.  Good luck to those who were allotted some shares. The weakness in Euro against SGD may result in some weakness on debut given the exchange rate that was fixed for the IPO was $1.6091.  Happy...

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No Signboard Holdings Ltd – Balloting Results

No Signboard Holdings Ltd (“No Signboard” or the “Company”) announced that its IPO of 65,734,500 shares received overwhelming response from investors. At the close of IPO, the public tranche of 2.5m shares was 268.6x subscribed. Commenting on the strong support for the IPO, Mr Sam Lim (林荣森), Executive Chairman and Chief Executive Officer of No Signboard said, “We are very encouraged by the overwhelming response to our IPO from cornerstone investors, institutional investors and the public, as they clearly recognise our growth potential. We have had over 30 successful years in the F&B business and to bring the Group to...

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Cromwell European REIT

Cromwell European Real Estate Investment Trust (“Cromwell REIT” or “CEREIT” or the “Trust”) is offering 428.535m units (subject to over-allotment option) at €0.55 per unit. 392.171m units will be offered via placement with the balance 36.364m units open for the public. You can download the prospectus here. The IPO will close on 28 Nov 2017 at 12pm. Investors can apply from the ATM and Internet banking website of participating banks. According to the prospectus (page 47), investors will pay around S$0.885 per unit, based on the fixed exchange rate of €1:S$1.6091 This is the second time which Cromwell is...

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No Signboard Holdings Ltd

No Signboard Holdings Ltd (“No Signboard” or the “Company”) is offering 65,734,500 shares for its IPO on Catalist, of which the vendor is selling 15,734,500 New Shares and 50,000,000 Vendor Shares. The bulk of the offering are via placement with only 2.5m shares are available for retail investors via the ATM. The offering price values No Signboard at $129.5m. The IPO will close on 28 Nov 2017 at 12pm. You can find a copy of the prospectus here. Principal Business   It is ironic that 无招牌 or No Signboard is actually a brand now. The restaurant was founded by Madam...

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MindChamps Preschool Limited – Balloting Results

MindChamps Preschool Limited announced that its overall IPO was 21.4x subscribed and the public tranche was 83x subscribed. Other than the Cornerstone Investors, Institutional investors who has been allotted 5% of more of the Offering Shares include: ICH Capital Pte Ltd Island Asset Management Pte Ltd JF Asset Management Limited SUTL Holdings Pte Ltd Mr. David Chiem Phu An, Founder CEO and Executive Chairman of MindChamps PreSchoolLimited said: “The positive demand from both institutional and retail investors is a strong testament to MindChamps PreSchool’s unique investment proposition and cutting-edge 3-Mind education model. Building on our leading position as the...

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RE&S Holdings Limited – Balloting Results

RE&S Holdings Limited (“RE&S” or the “Company”) received strong investor interest for IPO where 32m shares were 37.8x subscribed. Other than Heliconia, the cornerstone investor who subscribed for 16m shares, investors who were allotted 5% of shares include: Mr Hiroshi Tatara, Founder, Executive Director and President of RE&S said, “We are heartened by the overwhelming response to our IPO, which represents investors’ confidence in RE&S’ track record, diversified portfolio of unique and distinct brands, our infrastructure which includes our corporate headquarters and central kitchen and positive outlook for the F&B industry in Singapore. We are glad that with our...

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