Author: Mr. IPO

Gaylin Holdings Limited – Balloting Results

Gaylin Holdings Limited announced its balloting results. The press release is here, the balloting announcement is here and my IPO write up on Gaylin is here. The public tranche is more than 100x oversubscribed. As such it is very difficult to be allocated shares. You can see that majority of the shares were allocated to investors who applied between 10 to 100 lots. Investors who applied for 100 lots will have a 26% chance of getting the shares of 5 lots. The “over-allotment” of 22m shares were exercised. In this regard, CIMB will help to stabilize the market should the price...

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My Property Journey Rewind – 2009

Let’s continue with part 7 of my journey. This time round it is for only 9 months. Part 1. Part 2. Part 3. Part 4. Part 5. Part 6. It was Q1 2009. I rub my hands with glee because I really didn’t expect to be able to experience 2 cycles within a short 10 years!  I have shared with you previously that the prices has fallen to an attractive level of 140 and I base it from analysing the chart below where 140 is the breakout neckline which has now turned into the support zone. The earlier years of trading...

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SRS Portfolio Weekly Review

Cache Logistics A long tail appeared and 1.27 will be a resistance to overcome. No major news released this week but watch out for the yield bubble burst. Far East Hospitality Trust Showing signs of weakness as mentioned in my previous weekly review. One interesting news emerged yesterday that APG Pension has become a 5% substantial shareholder. The announcement is here. APG is the Dutch fund manager managing its pension fund. It is indeed good to see some real long term investors buying into FEHT. I would rate this as positive news. M1 This is my new addition this...

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After thoughts on Geo and Religare and the upcoming IPOs

Yesterday was an interesting day. You had Geo Energy listing at 9am and Religare at 2pm. Geo Energy From a fundamental angle, after i gave Geo Energy a chopped chilli, there was a kind reader who emailed me to tell me that Geo is actually a 3 Chilli. Obviously, he knew of things that i don't. In fact, he also told me the subscription rate and the opening price one day before the listing. hahaha… Power. I call it the power of placement and i have shared that conversation with you prior to its close. Some underwriters have the...

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Religare Health Trust – Balloting Results

Religare Health Trust announced two things: Listing date will be brought forward from 9am on 22 Oct 2012 9 am to 2pm on 19 Oct 2012 (today). Not sure which Fengshui Master advised them to change the date and time for an auspicious start but we shall see if it works. :P My other guess is that they probably want to confuse the sellers who may want to sell on the first day. Balloting results for the public tranche: The public tranche was 14.5x subscribed and investors will have around 50% chance. They have skewed the distribution to investors...

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Gaylin Holdings Limited

Gaylin Holdings Limited (“Gaylin” or the “Company”) is offering 110m New Shares at $0.35 each. 5m shares will be for the public and the balance via placement. CIMB can choose to issue an additional over-allotment of 22m shares and they will use the shares to perform price stabilisation post IPO. The market cap is S$143.5m. The IPO will close on 23 Oct 2012 at 12pm and commence trading on 25 Oct 2012. The prospectus is here and the preview is here. With an operating history since 1974, Gaylin is one of Singapore’s largest multi-disciplinary specialists providers of rigging and lifting solutions...

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Geo Energy Resources Limited – Balloting Results

Geo Energy Resources Limited annouced that its small tranche of 3m public shares were 183x oversubscribed but including the placement tranche, it was only about 2.9x oversubscribed. The results announcement is here. The balloting results is as follows: Extremely very difficult to get. :) Again, those who applied for 100 lots has the best “chance”. Placement holders Let’s see who they have placed out the shares to. The only identifiable shareholder is “Credit Suisse”. Let’s see if they can perform some magic on the counter tomorrow. Good luck to those who have the...

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Nera Tel – Q3 results

Nera Tel announced its Q3 results. The link is here. Excellent Q3 results where profit growth is 114%. I love this kind of company and my mistake not to load up more when i first spotted it. it has since increased by 33%.  Perhaps i should really stop trading and start investing.  Investors will probably need to wait till Q4 for the dividend announcement. Another record close today. Will it be a sell on news tomorrow? Happy...

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Dynasty REIT

Dynasty REIT is offering 893,162,000 to 900,832,000 units at an offering price of between RMB 4.40 to RMB 4.70 or S$0.855 to S$0.915. The offer will close on 24 Oct 2012 at 12pm and start trading on 30 Oct 2012 (Mark this date for the “LKS” effect). Between 839.274m to 846.944m units will be offered to the Placement and 53.888 units will be offered to the public. The prospectus is here and my previous preview is here. Dynasty REIT invests into commercial real estate in China. The initial portfolio comprise Nanjing International Financial Center, Shanghai International Capital Plaza and...

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Goodbye Starhub, Hello M1. Nera and STXOSV

As mentioned in my SRS post yesterday, i was contemplating a rebalancing of my position in Starhub.I tried to sell at 3.66 this morning but only managed to get out at 3.63 in the end as prices moved away from me. Starhub has served me well. I have bought this counter when it was around $2.08 and it has risen by 86% at its highest but obviously i couldn’t catch the top. At current price, the PE is more than 20x with a triple digit Price to book. The yield has also compressed to around 5.4%.(If i remember correctly)....

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Declout Limited

Declout Limited (“Declout” or the “Company”) is offering 31m placement shares at $0.25 each for a Catalist listing. The market cap based on the IPO price will be S$51m. The website is here and the prospectus is here. Declout is a IT solutions provider mainly targeting “Vertical Domain Clouds”, starting with the online gaming sector. While online gaming has huge potential, it has unfortunately, in my view, failed to take off in a significant way in the Southeast Asia region even though IAH was one of the pioneers here. I believe IAH is one of the clients of declout. ...

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Friends of Mr. IPO Update

As promised, i will do an update on my post on 2 Sep 12 where i set a target of 1,000 friends by end of the year. The number of friends have increased from 372 to 549. An increase of 47% over 1.5 months. This time round, i will attribute the increase in friends to the sudden influx of companies seeking IPO on SGX. These companies just have to do this don’t they?! Can they just queue up in an orderly fashion! My readers continue to be predominantly male! In fact, the number of female readers have dropped by...

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QAF – Projection Target and Starhub

QAF has an interesting run today and is part of my SRS portfolio. While i am not trading this position, let me share how you can do a projection of the target price of around 86c from the breakout point. Sometimes it is quite really tempting to take profit on it and today was that day…. haha :) Endure… Starhub I am quite ready to let go of this counter soon. The company has reached a point where it has a rich valuation and the yield is not significantly better from either M1 or Singtel. I may even switch...

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CapmallsAsia

An update to my previous post on 15 Sep 2012. A very nice cup and handle pattern. This is a bullish pattern. Enjoy the...

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Relgare Health Trust

Religare Health Trust (“Religare” or “RHT” or the “Company”) registered its prospectus today. The link is here and my IPO preview is here. RHT is offering 567,455,000 common units at $0.90 each. It has priced its offer at the lower end of the indicative range. RHT offers investors an exposure into Indian healthcare centre. Based on the offering price, the projected yield for FY2013 (annualised) is 8.9% and 9.1% for FY2014. 12m shares will be offered to the public and the rest will be via placement. The offer will end at 12pm on 18 Oct 2012 and starts trading on...

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