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IPO Chilli Ratings

IPO Chilli Ratings
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The Assembly Place - Balloting Results

This is probably one of the most usual press releases that went alongside the SGX announcement of the balloting results. The Company released a full presentation deck , which is actually quite informative, with information of upcoming pipeline etc (probably the Company felt that it is safer to release this after the IPO closes and not before). The balloting table is as follows: The IPO has drawn strong interest from prominent institutional funds such as Avanda Investment Management (as investment manager for and on behalf of its fund(s)) and Lion Global Investors Limited (as investment manager for and on behalf of its clients), along with prominent investors, including Mr Han Seng Juan, Mr Rudolf Jurgen August Rolles and Mr Chong Soon Kong @ Chi Suim2 , underscoring strong confidence in TAP's investment proposition. Separate from the Invitation, cornerstone investors, namely Apricot Capital Pte. Ltd., Asdew Acquisitions Pte. Ltd., Cache Capital Pte. Ltd., ICH Synergrowth Fun...
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IPO Performance Analysis


(source: Shareinvestor.com)

Let us take a quick look at performance of the IPOs covered by this blog since 07-07-07.

After the recent bloodbath early this week, RH Energy, China Sports and Yongxin (rated 3 Chillis) still trade more than 90% above its IPO price. Well done :) Most of the IPOs are currently trading 20% to 60% above its IPO price with only Finance One below water.

As mentioned in my blog, Fair Value can be a very tricky thing and it seemed that after the bloodbath, the shares have actually dropped to my fair value?! Is my fair value then the correct value and earn me the right to boast about them? Of course not but it just happen that most of the stocks are trading within or close to my 'fair value' range right now. My definition of Fair Value is : Whatever the market deemed is the fair value will be the fair value. My fair value is just a guide for me to know when to take profits as market can be overly depressed or overly exhuberant most of the time.

And the top 3 performing IPOs as of 5 Aug 2007 are ......

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