tag:blogger.com,1999:blog-2558835596101121602.post5335287616032306493..comments2024-02-29T13:59:08.383+08:00Comments on Singapore IPOs: Pacific Radiance LtdMr. IPOhttp://www.blogger.com/profile/16449331327581040185noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-2558835596101121602.post-72717655181269830172013-11-12T19:47:49.802+08:002013-11-12T19:47:49.802+08:00Bid for 101 lots, got 6. Bid for 101 lots, got 6. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-27479659340752609532013-11-12T18:11:18.033+08:002013-11-12T18:11:18.033+08:00Thanks for the comments. :)Thanks for the comments. :)Mr. IPOhttps://www.blogger.com/profile/16449331327581040185noreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-56809121768455215232013-11-12T15:21:56.594+08:002013-11-12T15:21:56.594+08:00Overall good basic coverage...but you miss out som...Overall good basic coverage...but you miss out some important points:<br /><br />1) Most of the earnings are propped up by sale of vessels to JVs/associate companies in Malaysia/Indonesia because of cabotage rules and not from chartering of their vessels which is thei main business. This is akin to pre-recognizing earnings. Core P/E is way higher than you calculated.<br /><br />2) Founders takingAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-50726810484429827542013-11-12T14:28:05.149+08:002013-11-12T14:28:05.149+08:00bid for 100 lots.
got 0 :)bid for 100 lots.<br /><br />got 0 :)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-4446617693098378132013-11-12T11:05:49.329+08:002013-11-12T11:05:49.329+08:00The closest comparable is Miclyn (MEO). A 'Spo...The closest comparable is Miclyn (MEO). A 'Spore' co listed in Australia. Headland and Champ has recently offered to buyout and privatize @ about 8-9x FY14 earnings. So Pac Rad not cheap...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-60953300192437277502013-11-11T22:04:54.402+08:002013-11-11T22:04:54.402+08:00Thank you, I have bid for 20 lots lol, hope to get...Thank you, I have bid for 20 lots lol, hope to get lucky this time! :-DAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-40777569626807994462013-11-11T18:14:41.223+08:002013-11-11T18:14:41.223+08:00I always prefer to read the quality content and th...I always prefer to read the quality content and this thing I found in you post. Thanks for sharing.<br /><br /><a href="http://arthritis.com.sg/" rel="nofollow">Arthritis</a><br />Anonymoushttps://www.blogger.com/profile/08778901259479318392noreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-29682092878554332892013-11-11T04:42:28.510+08:002013-11-11T04:42:28.510+08:00Many thanks for the write up...Many thanks for the write up...Anonymousnoreply@blogger.com