Author: Mr. IPO

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 hereĀ 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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My Property Journey Rewind – 2008 to 2009 Q1

One reader asked if i can speed up my story, so here you go, 15 months at one go. hahaha. Let’s continue to part 6 of my story today where we travel to 2008. Part 1 is here. Part 2 is here. Part 3 is here. Part 4 is here. Part 5 is here. It was early 2008, i had just sold my first condo for a handsome profit and was sitting on a pile of cash. The feeling was good because i had shared with you that i lost at least $100k during my first foray into the...

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SRS Portfolio Weekly Update (where time permits or where important news released).

Lets do a quick recap of the various positions i have in my SRS portfolio. Adhoc weekly update but it forces me a discipline to look at my portfolio. I will present the weekly charts as well as any news that was released during the week. The main reason why i did this post was because SPH released its full year earnings yesterday. Cache Logistics Nice run up and the yields has compressed to about 6.1%. I am wary of the yield bubble but will try to ride this as long as i can. No news released this week....

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Courts Asia Limited Balloting Results

Courts Asia Limited (“Courts”) released its IPO balloting results tonight. The press release is here and the balloting results is here. The demand seemed pretty hot with institutional demand more than 3.4x oversubscribed and the retail tranche was 24.4x oversubscribed.   The Public Tranche Balloting Ratio Seemed like people who applied for 100 lots have the best chance as 40.9% of the public tranche was allocated to them…sigh… seems like i should have stuck to my conviction and not have cut back my application for each account!   My Balloting Results Only one of out two accounts was successful....

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Dynasty REIT (Preview)

  Issuer: Dynasty REIT – first RMB denominated REIT on SGX Sponsor: ARA Asset Management Ltd Issue size: 893,872,000 to 901,292,000 shares Distribution Yield 2013E :7.0% to 7.2% Price range (based on RMB5.115 = SGD1.00) : RMB4.40 (SGD0.86) – RMB4.70 (SGD0.92) Expected Allocation: 24 Oct Expected Listing Date : 30 Oct Preliminary prospectus is here. I received the above from my broker today. It always gives me “bad feeling” when Li Ka-Shing wants to cash out of the market. You can see that he always cash out at the market top. You can see it in Suntec, you can...

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Geo Energy Group

Geo Energy Group (“Geo” or the “Company”) is offering 289,264,000 shares at $0.325 each. 3m shares will be via public offer and the balance 286.264m via private placement. 258.348m New Shares will be issued and the Vendors are selling 30.9m shares. The market cap will be $376m. My initial preview is hereĀ and the final registered prospectus is here. The IPO will close on 17 Oct 2012 at 12pm and starts trading on 19 Oct 2012. Geo is a coal mining group in Indonesia. Its main business will be to own and operate its own coal mines as well as...

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SRS Portfolio at 30 Sep 2012

I received my Sep SRS account statement today. This month is a pretty “low” month in terms of dividends received. There is only $80 received from my QAF counter. This will probably allow me to buy 2 to 3 “free loaves” of bread per month when i retire but considering that this is an interim dividend, hopefully i should get more bread soon. This is an active month for the SRS portfolio in terms of purchases. 3 Sep – Bought 5 lots of Far East Hospitality Trust. 11 Sep – Bought 10 lots of UMS Holdings Ltd 26 Sep...

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Round 6 – Will it work this time?

Interestingly, after my post on 25 Sep 12, the government came up with the 6th round of cooling measure. The two measures are as follows: Mortgage tenures limited to 35 years. Lower loan to values on loans over 30 years. In my opinion, i think MAS (or the government) will continue to watch the market closely and do whatever it takes to cool the market in order to avoid a property bubble. A graphical view of the cooling measures from the Morgan Stanley report. The new measures are pretty interesting because it seeks to stop people from buying their...

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Courts Asia Limited

Courts Asia Limited (“Courts” or the “Company”) registered its prospectus today. This was a continuation of my earlier preview post. Company Description The Company is a leading electrical products, IT products and Furniture retailers in Singapore and Malaysia and is offering 178m shares (60m New Shares and 118m Vendor shares) at $0.77 each for its Initial Public Offer. The Company has a strong brand equity, with more than 25 years presence in both Singapore and Malaysia. The IPO will close on 11 Oct 12 at 12pm and starts trading on 15 Oct 12. Vendor sale The vendors selling the...

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My Property Journey Rewind – 2007

The latest government measures to cool the property market hit us on 5 Oct 2012. I will analyse the impact another day but it really seemed that the government is trying its best to stop the property bubble from happening. Let’s continue with part 5 of my story today where we travel back to 2007. Part 1 is here. Part 2 is here. Part 3 is here. Part 4 is here. It was Feb 2007. HSBC just announced that it will have larger than anticipated losses from default of subprime mortgages. This was the first warning point and the start of...

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Geo Energy Group (Preview)

Geo Energy Group (“Geo” or the “Company”) is a coal mining specialist company based on Kalimantan, Indonesia. Geo own and operate coal mine and sell coal and as of 31 Dec 2011 it has proven reserves of 4.2m tonnes and probable reserves of 8.3m tonnes. The Company recorded revenue of US$69m and profit of US$14.3m in FY2011 based on its audited figures. It is interesting to know while Sakari is in the midst of being delisted, there is another coal company trying to get listed back on SGX. I am not going to do a detailed analysis, so once again, this...

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Children’s Day Investment Policy?

With effect from this Children’s Day – 5 Oct 2012, i am going to make some minor adjustments to my investment criteria for the SRS portfolio. If you have been following my blog, I have built up a portfolio of dividend policy paying REITs and stocks in the last 2 months but i am still holding on to quite a bit of cash. (About 40% of the portfolio).  I am pretty cautious of adding new positions as the market seemed to be forming a “Yield Bubble” and in all cases, bubbles are unsustainable. To be honest, i am quite...

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Courts Asia Limited (Preview)

Courts Asia Limited (“Courts” or the “Company”) was previously listed in Singapore but was privatised in mid 2007 by both Baring Private Equity and Topaz Investment Worldwide. The article is here in case you need it. At that time, both the investors valued Courts at just over S$100m.  The Company attempted to go IPO in 2010 but withdraw its listing eventually. At that time, the investors were seeking to raise $170m through the IPO. Courts Asia lodged its prospectus with MAS recently for a listing. This time round, its has lined up a series of Cornerstone Investors such as...

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