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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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CCM Group Limited

I was travelling for a while and frankly, i didn't miss much action in Singapore. The IPO market remains to be 'dead' with no IPOs. Even the distribution of K-Green Trust by Keppel Corporation was via "distribution in specie" to its shareholders with no new funds being raised.

CCM Group Limited ("the Company") is placing out 25m New Shares via placement at $0.20 each for a Catalist listing.  The Company is a general contractor and aims to be a 'one-stop' shop for its customers.  The order book as of May 2010 stands at $92m. Revenue for the Company grew from $11.4m in FY2007 to $27.97m in FY2009. Net profit was $3.1m in FY2009. The EPS for FY2009 on a fully diluted basis is 3.39 cents. Based on the IPO price of 20 cents, the Company is listing at the valuation of 5.9x, which to me, is a fairly valued IPO. The market cap is $18m based on its IPO price.

This is an ultra small cap company in a sector which i dont like. So avoid this counter unless you have reasons to be bullish or vested. Zzzz...
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