Search Results for: ipo

BHG Retail REIT – Balloting Results

It was quite rare to see such a “funny” announcement this morning….. where bookrunner and BHG Retail REIT announced that they have “agreed” to proceed with the offering. This probably means they had ‘robust discussion’ on whether to proceed with the IPO. ^_^ Placement Shares I belong to one of the placement holders above… luckily it is for the 1,000 to 9,000 category. DBS even tried to “kill” the placement applicants by exercising its over-allotment issue of 24.636m. This will allow DBS to buy back at a lower price if the share price opens lower tomorrow. It is a...

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What are the next stocks to be privatized?

NOL stock receives an offer of $1.30 per share. If investors can recall, the IPO of NOL stock back in year 1981 was $4 a share (you can view a newspaper article here). The offer hence represents a discount of 67.5% off the IPO price of NOL stock. Similarly, another Temasek-linked company, Tiger Airways receives an offer of $0.41 per share for the proposed delisting. Compares this offer with Tiger Airways IPO price of $1.50, the discount is around 72.66% off Tiger Airways’ IPO price. If there is a lesson for retail investors from the above episodes, it will...

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Book Review: How 25 Good Ideas Became Great Companies

Do you aspire to be an entrepreneur? Throughout our career life, most of us have an idea that came across but have no idea where to start. Maybe we are comfortable with our current job, maybe we are not confident whether our ideas may work or not which stops us from starting our own business. Recently, I borrowed a few books from Singapore National Library which is about startups and entrepreneurship. One of the book “How They Started (How 25 Good Ideas Became Great Companies)” contains case studies of great companies today such as Blackberry, Chipotle Grill, Coca-Cola, Disney, Dropbox,...

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Accordia Golf Trust – Normalization of yields/Projecting its future

Accordia Golf Trust (AGT) has fallen from its IPO highs to 55.5 cents as of writing. Given the drastic fall in price and sharesinv.com showing an impressive trailing dividend yield of 10.6%, one may be tempted to initiate a position in AGT. Let’s find out if it is worth it Yield AGT’s FY15’s distribution statement was lumpy and is difficult to build a projection on. However, this current FY’s first half distribution statement is easier to understand and its figures are not affected by IPO distributions/proceeds from borrowings/etc. From this HY, one can see that the distribution to shareholders...

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BHG Retail REIT

BHG Retail RETI (“BHG” or the “REIT”) is offering 151.169m units at S$0.80 per unit. The placement tranche comprises 143.169m units with the retail tranche making up the balance of 8m units. The gross proceeds raised will be around S$394.2m. Based on the IPO price, the market cap is ~$597.2m. The IPO will close on Dec 7 and starts trading on Dec 11. There is an over-allotment option of up to 24.636m units. This over-allotment option will be a strong indicator if there is demand for the IPO. Principal business As the name implied, BHG is a REIT focused...

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Accordia Golf Trust – Can Dividend Yield Be Maintain?

Update: Dividend is given out on a 15 months basis. So the total dividend should be 0.0803/15×12 = 0.06424. I am currently sitting on a big paper loss on Accordia Golf Trust due to its continuous fall in price. My average price is around 0.719 and the current price is 0.590. I bought this stock mainly for the dividend yield and the price has fallen quite a bit since the IPO. Furthermore, I feel that its business is great. There will always be people playing golf and the business will not be gone in a while. So I am very...

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Axcelasia Inc

This is for record purposes only. Sorry for the late report as there is no public tranche and i am not vested Axcelasia Inc (“Axcel” or the “Company”) is offering 47.52m placement shares at $0.25 each where 35.52m will be new shares and the balance vendor shares. The IPO closed on 25 Nov 2015 and will start trading on 27 Nov 2015. The market cap is around $40m based on IPO price. Principal Business The Company and its subsidiaries provide integrated professional services to government-linked entities and corporations in tax advisory, business consultancy, enterprise management system and business support....

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Sabana Industrial REIT renews three master lease for 1 year at Negative Revisions

Sabana Shari’ah Compliant Industrial REIT is one industrial REIT that is slowly making us see the problem with Master Leases. This morning, there was an analyst report on Sabana by UOB Kay Hian. One paragraph at the start indicates the possible reasons why the stock have been underwhelming: Well there was an announcement this evening. You can read the announcement here. 3 of the properties, which are leased to their sponsor Vibrant Group, will be renewed for a total consideration of $10.5 mil. These 3 master lease will be renewed for 1 year. Below shows the value of the gross revenue...

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The Trendlines Group Ltd

The Trendlines Group Ltd (“Trendlines” or the Company”) is placing out 75.76m Placement Shares at 33 cents each for the IPO. It will be a pure placement tranche with no public shares and the market cap is around $168m. The IPO will close on 24 Nov and be listed on 26 Nov 2015.   What does Trendlines do? Trendlines is basically an incubator based in Israel. It creates and develops medical and agricultural technological companies with a view towards a successful exit in the market place. The exits of these companies can either be a sale or IPO of...

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JUMBO STOCK: one price catalyst

Jumbo stock has a strong IPO showing before heading south; however it is still a respectable performance so far for this “chili crabs” stock. Jumbo stock has also attracted some prominent investors, including the boss of a listed company in Singapore. Going forward, should one buy, hold or sell Jumbo stock?To know what an investor should do about Jumbo stock, we must analyze the nature of its business: Crabs (mainly) in a food business. Understandably, with the small market of Singapore, Jumbo has expanded into countries like China and hence the most important thing for Jumbo to expand its...

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How did chilli crab perform on its first day?

Jumbo Group Limited (42R) opened at 0.35 and started off strongly, with share price rising to a day high of 0.395 within the first few minutes of market opening and started to stabilized at around 3.55 – 3.6~ before slowly moving down and ended its first day of trading closing at a price of 0.34. Despite the hype during the IPO, where its shares are oversubscribed by 8 times, Jumbo did not perform as well as most people would expect. My sentiments is that most people in general are not that confident and are looking to enter early into the...

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Thank You for being a loyal shareholder

Singapore stocks markets are not making any advances or showing much declines for the week 2 Nov 2015 to 6 Nov 2015. It is not easy to trade against such “flattish” conditions. Rather, the focus for Singapore stocks for the above week was actually the proposed exit offer for two stocks: Biosensors International stock and Tiger Airways stock. The exit price for both stocks were really low and when the companies gave investors who are vested in these stocks at much higher prices, there is little investors can do about it. Let us remember that Biosensors International stock had...

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A Case of Winning and Miss Opportunity

I know I am suppose to be on hiatus but I felt I had to write about this. While everyone is looking at Saizen REIT, First REIT and Jumbo IPO, I will be telling you about 2 “Unknowns” and how it has affected me. Firstly I must say the post by AK about Saizen Reit is very good. The post by Brian on  First Reit was a very good piece of analysis. As for Jumbo IPO, I really like this analysis from investment moats. Anyway back to the unknowns… The first one was a case of being too particular...

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JUMBO STOCK WILL BE A MULTI-BAGGER (from Tom K’s imagination)

JUMBO, the company behind Singapore’s famous Chili crabs dishes is currently having its IPO. JUMBO was supposed to roll out its IPO much earlier but has postponed its IPO till now. Jumbo is headed by Mr Ang Kiam Meng and the last impression I have on Jumbo and Mr Ang Kiam Meng were the scenes of defeat back then in year 2013 by Gordon Ramsay over Jumbo. That was a well telecast contest of Gordon Ramsay versus three popular hawker stall owners and of the three, Jumbo was defeated by Gordon Ramsay. That was a scene which shocked Singaporeans,...

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The Local Personal Finance Blogosphere

I have to admit, as much as I enjoy being a lone ranger and running out out into the fringe solo and tackling unpopular or sensitive issues, I am also starting to enjoy being part in the local finance blogosphere more and more. (Like Macklemore, you know I’m weird, but you just want to see what I’m going to do next) If you have any doubts about the effectiveness of the “crowd”, just look at this little eco-system we have to see some examples of the benefits it can bring. When a particularly big or hot “news” comes out,...

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