Jason Parquet Holdings Limited (“Jason Parquet” or “Company”) is offering 33.8m placement shares (comprising 18m New Shares and 15.8m Vendor Shares) at $0.225 each for a Catalist listing. There is no public tranche (so you cannot apply through the ATM) and the offer will close on 21 Sep 2012 at 12pm.
The Company is established in 1987 and has become one of a leading providers of timber flooring services in Singapore. The Company is engaged to supply and install a range of timber flooring. The 2 key business drivers are projects and distribution.
The Company works closely with Contractors to deck up condominiums projects.
The revenue fluctuates between $26m and $30m in the last 3 years and the profit after tax was $2.7m in FY2011. The EPS based on fully diluted shares was Singapore 2.5 cents. That translates into a historical PER of 9x.