Shares & Derivatives
United Global Limited
By Mr. IPO  •  July 2, 2016
United Global Limited ("UGL" or the "Company") is placing out 42.8m shares at $0.25 each via placement. The IPO will close on 5 July 2016 at 12pm and be listed on 8 July at 9am. There is no public tranche. Based on the IPO price, the market cap is around S$70.7 million. The Company is an established independent lubricant manufacturer and trader in lubricants and fluids. UGL operates a manufacturing facility in Singapore and supply products globally to customers in over 30 countries.  It started operations in 1999 and now has in in-house brands such as "United Oil", "U Star Lube", "Bell1" and "HydroPure". You can find more information about UGL at its website here. Key Financial Highlights     The revenue has been somewhat "stagnant" but it is heartening to see that margins has "improved" over the last 3 years with EPS doubling to 3.6 ......
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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