Friday, 8 July 2016

Advancer Global Limited - Balloting Results


Advancer Global announced that its shares have been 5.5x over-subscribed. The public tranche of 2m shares were about 98x subscribed! 

It is interesting to note the intent of the management in the press release which is reflected in the balloting ratio.

"We are heartened by the strong vote of confidence from both the retail and institutional investors. The balloting ratio reflects the management's intent to distribute to a wider and diversified group of investors to participate in the future growth of the company."

 You can see that management has "favored" the smaller retail investors this time round and if you apply for less shares, the probability of getting the shares is actually higher! This is probably the first time i see such balloting table favoring smaller retail investors! 


Havenport Asset Management subscribed for 8.2m placement shares (consisting 19% of the IPO tranche). It's good to see some "real money" in the IPO.


My view is that the IPO was very well received by different investors group and it is definitely good to see a "real money"  institutional investor. Investors who are lucky enough to get some shares should see a chilli hot debut on Monday.

Happy IPOing


29 comments:

Anonymous said...

Managed to get some. Good luck! Friday's DJIA up 200 points should help sentiment too

Mr. IPO said...

Very lucky! ^_^

correan yen said...

Apply 40000, get non..T.T

correan yen said...

Apply 40000, get non..T.T

Balraj Singh said...

Do you think it's better to take profit if gap up on monday? Or have chance to steadily rise up like acromec?

Mr. IPO said...

I wish I know. Lol. ^_^

Novakayne said...

Acromec's business is mainly based on labs, factories and institutes start-ups/expansions while Advancer's based on maid and cleaning services which I feel has higher resilience against the market. That said, it still depends strongly on the growth strategies of these companies. Just sharing my two cents...

Anonymous said...

sold in the first few min at 34.5c... I see the high was 39.0, but not complaining.. did much better than I expected :)

Thanks for your great call on this issuance!

Danny Liow said...

Apply 100000, get non. @_@. now price is $0.37

Anonymous said...

Congrats Master. This one bee tang :D

Anonymous said...

Took profit at $0.42...

tks!

Natalie Lim said...

the PE ratio is still rather low with yield at 5%. think will chiong more tomorrow to 50c

Anonymous said...

Hopefully it Chiong like Acromec.. :)

Anonymous said...

Just curious Mr Ipo, u sold ur placement?

Natalie Lim said...

What bout procurri

Unknown said...

Yah any writeup for procurri?

Natalie Lim said...

No analysis on procurri??

Mr. IPO said...

Weekend then do. Lol.

Natalie Lim said...

Katrina group leh

Natalie Lim said...

aiyo mr iso hurry leh waiting for your verdict before applying leh

Anonymous said...

He doesnt owe u anything

Anonymous said...

Advancer still will Chiong?

Natalie Lim said...

He doesn't owe u anything too

Anonymous said...

I didnt rush him or anything. He is doing this voluntarily out of his own free will. You are the one who is very rude to rush him as if he is at your beck and call. Learn some manners first will you? :)

Mr. IPO said...

Haha it's ok la. Don't quarrel. I do this at my own free will and time so I am not affected. :) appreciate you speaking up.

Unknown said...

Hi Mr IPO. Appreciate if u can share yr opinion as to why the share price of Advancer keep dropping recently? And if the shares are worth to keep for longer term? Thanks

Mr. IPO said...

I have provided my views on whether to buy and what I think the "fair value" should be. Unfortunately I won't be able to tell you why prices move up or down...

Anonymous said...

Hi Unknown, because mr IPO was vested in the IPO and subscribed a lot. he wrote a positive review, and then he sold it on day 1, leaving investors like you who truly believe in the stock fundamentals with a big loss. And he has no guts to publish my post.

Mr. IPO said...

As long as you are not rude, i will always publish your posts.

(1) my ratings is for readers to decide whether they want to subscribe or not. Not for readers to chase the stocks after it has listed
(2) I tell you whether i am vested or not so that you can decide for yourself whether my views are biased and most of the time, they are.
(3)Readers who have been following me for a long time knows that being vested doesn't affect my chilli ratings. I have given zero ratings to IPOs which i am vested so are you new to my blog?
(4) I have shared what i think the fair value range is in my blog. If the price moved beyond my fair value range because investors chase them, am i not allowed to sell?
(5) If you think i can control the market, you have to think again...

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