Search Results for: ipo

Overseas Education Limited

Today i added 10 lots of Overseas Education Limited to my SRS account at 58c each. I have covered the company in my IPO write up here. My estimate is that the yield is probably around 4+% at current price.  The chart is for reference and probably not important given that this is a long term buy. Happy...

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Passive income from Blogging (part 2)

As promised, this is the continuation from my earlier post on 29 September 2012. Today is a milestone in my “blogging life”. I finally reached $100 for my Nuffnang account. This is after my first $100 since 28 Oct 2007….5 years 4 months and 5 days….. I am going to click “cash out” and hopefully, it will not turned into a “kana played out” after so long. hahaha I shall wait up till 30 days to see if i am going to be paid. I have previously shared with you that Google adsense is a good product you should...

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Singapore REITs Comparison Table for Dividend Investment – Mar 2013

Added Mapletree Greater China Commercial Trust (MGCCT) in the Singapore REIT comparison Table. Very tempted to subscribe? This means Mapletree Investor Relationship has done a good job in hyping everyone up. Don’t get me wrong, MGCCT is a good REIT but unfortunately it is over value base on NAV and have high gearing. I am giving it a pass because it does not meet my criteria. There is NO Right or Wrong reason when come to investing in REIT, it very much depends on your objective,  risk appetite and your own criteria. You still can invest in REIT although it is...

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Riverstone Holdings Limited FY 2012 results

Riverstone announced a record FY2012 revenue of RM 309.8m and a net profit of RM39.7m. It also declares a final dividend of 3.8 sen, bringing total dividends for the year to 6 sen and translate into a yield of around 5.4%. I have acquired my stake recently at 47 cents. The posting was here. The implied yield for me was around 5.7%. The net profit for Q4 dropped quite drastically due to a 100% increase in provision for taxation, which is pretty disappointing. They could have “spread out” the tax expenditure better throughout the years. I think the outlook...

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Cityspring–High Gearing and High Interest Expense still!

Many readers have asked me about this relatively high yielding dividend stock on my Dividend Stock Tracker called Cityspring, whether it is a good buy since its yielding 7.1% My advice is look at the sustainability of the cash flow. Still the cash flow isn’t Cityspring’s problem. This stock was trading at $1.50 when it IPO and its got its good name because its firstly a Utility and affiliated with Temasek. Therefore a lot of people got invested in it. Utilities tend to be high gearing ( 40-60% debt to asset) so its not very surprising. If you look...

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Mapletree Greater China Commercial Trust (Final pricing)

Mapletree Greater China Commercial Trust (“MGCCT”) finalized its IPO pricing at the top end of the indicative range of 93c. This is due to overwhelming demand for its units by the institutions. The IPO prospectus is here and the announcement by Mapletree is here. There is a strong support from 11 Cornerstone Investors and the book was well covered. The Public Offer offering of 265,357,000 Units (less 50,304,000 reserved) will open on 9am 28 Feb 2013 and end on 5 March 2013 12pm. Comparable The yield is viewed to be quite attractive versus its key comparable, Link Reit (SEHK:823),...

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Back in Focus – STXOSV

[Previous post: Largest IPO in 2 Years – Mapletree Greater China Commercial Trust]Back in Focus – STXOSV 1. STX OSV (Offshore support vehicles) STXOSV shares slid in Nov after reporting dismal quarterly results. Share prices were then hit again by news of a buyout by Fincantieri mopping up their shares at $1.22/pc and will be making a cash offer for the rest of the shares. However, last week STXOSV reported securing 3 new contracts for OSCVs illustrating a  positive outlook for the OSV market in Europe. Large white candlestick last week that erased a 2 week-loss. Trade volumes was almost twice...

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Mapletree Greater China Commercial Trust ("MGCCT")

MGCCT is established as a REIT with the investment objective of investing in income-producing real estatae in Greater China. The real estate will be used predominantly for retail and office purposes. The draft prospectus is here. MGCCT is offering 776.636m units for the public offer, subject to over-allotment option. The indicative price range will be between 88c to 93c. The placement tranche is 511.279m units and the balance 265.357m units for the public. The float is huge and will suck up quite a bit of liquidity in the market. There should be enough to ‘satisfy’ demand, so don’t expect...

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Nam Cheong – Poised to Breakout?

Have been liquidating many of my stocks and entered into short term trading positions. Nam Cheong is one of those stocks that I entered into. I have a target price of 30 cents for this stock. From a TA point of view,  the stock also looks like it can move higher. Nam Cheong last closed at 25 cents..  Its IPO price was 21 cents. Nam Cheong has seen its orders rising and prides itself as the leading builder in Malaysia of...

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Balloting Results – Overseas Education LImited

The results for Overseas Education Limited is out. It is very difficult to get.  Those who applied for 100 lots will have a probability of 24% and get only 5 lots. Placement Tranche There is quite a bit of institutional demand…. The IPO will probably start with a big pop tomorrow.  Bee tang for the lucky ones :) Both my applications not successful…...

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Overseas Education Limited

Overseas Education Limited (“OEL” or the “Company”) is offering 125m New Shares for a main board listing on SGX, of which 3.75m shares will be for the public offer and the balance 121.25m shares via placement. The shares will be  offered at $0.48 each. The prospectus is here. The offer will close on 5 Feb at 12pm and starts trading on 7 Feb 2013. The market cap based on the IPO price will be around S$187.4 million. OEL is a private foreign system school in Singapore, offering the K-12 IB curriculum for children aged 3 and 18 years. OEL is...

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Halcyon Agri

Halcyon Agri (the “Company”) is placing out 61m Placement Shares, comprising 44m New Shares and 17m Vendor shares at $0.36 each for a listing on the Catalist. The prospectus is here. It is disappointing that once again, there are no public tranche and the placement offer will end on 30 Jan and start trading on 1 Feb 2013. The market cap based on the IPO price is S$104.4 million. The Company operates in the midstream of Natural Rubber supply chain, specializing in processing and merchandising of Natural Rubber. According to the prospectus, it is one of the largest exporter...

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China Minzhong: Going higher to $1.22 – $1.46!

I received an email and a very interesting chart on China Minzhong from a reader, RayNg, this evening. See what he had to say: Historically, Mr. Market paid ~10X PER during the first 2 years of IPO. It went down south due to EU crisis and bearish outlook of China economy. I think the main concern is its high account receivable (double from fy11). However, the fy13, its account receivable and cashflow is back to norm and this might ease investors’ concern. CMZ’s current PE is ~ 4X (base on EPS of 0.244). If Mr. Market is willing to...

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JPM Investment Strategy and a good website to share.

Please find enclosed the 2013 strategy by JP Morgan. I stumbled on a good website where i was researching on a stock today.  The website is Next Insight and it even had a Q&A session with Logistic Holdings, which will be listed on Catalist tomorrow and my write up on the IPO is here. I will share with you the stock which i am researching on later and whether if it is a stock which i will add to my SRS account. Happy bedtime reading. Reading is to the mind what exercise is to the body.” – Richard...

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Logistics Holdings Limited

Logistics Holdings Limited (“the Company) launched its IPO for a Catalist listing via placement of 42.075m shares where 31.875m are New shares and the balance vendor shares at $0.23 each. The prospectus is here. The Company has a track record of 27 years and is principally engaged in building and construction works for government and government related bodies. The IPO will be listed on 18 Jan 2013 at 9am. Since this is a “Placement only” IPO, there is no public tranche.  Financials Based on the enlarged share cap of 170m shares and assuming the service agreement was in place, the...

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