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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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Mann Seng Metal International Limited

Appeared for "record purposes" only

Sorry, i missed out this one. Not that you missed anything as this is a catalist listing and all the shares are placed out at $0.25 each (no public tranche) and the market cap is $22.5m (ultra small cap?)

The Company was established in Malaysia in the 80s and is now an integrated metal engineering services provider. Revenue for this company grew from RM 43.7m to RM 57.0m and profit before tax grew from RM 4.1m to RM 11.1m from FY2007 to FY2009. The FY 2009 figures are "estimated".

Based on 90m shares and project net profit of RM11.1m, the EPS is around RM 12.33 cents or Singapore or approximately Singapore 5.3 cents. That translate into a listing PER of 4.7x, which is reasonable for a Catalist listing.

The share offer is fair valued and if the company continue to grow in 2010, then the listing price would be considered as "cheap". Assuming the company grow at 20%, the PER will drop to 3.9x.


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