Skip to main content

IPO Chilli Ratings

IPO Chilli Ratings
Click to understand how it works

Featured

Singapore IPOs: Why I No Longer Cover Every Listing

Some readers may have noticed that I have not been writing about every Singapore IPO since last year. The simple reason is that life has become busier. Between my day job, an increasingly packed travel schedule, family commitments and desire to play more golf, I have become much more selective about how I spend my time.  Writing detailed IPO reviews takes time — reading prospectuses, analysing financials, comparing valuations and understanding the competitive landscape. While I still enjoy investing and writing, I no longer feel the need to cover every IPO that comes to market. Instead, going forward, I will probably focus only on IPOs where I am seriously considering investing my own money or where there is something particularly interesting that is worth discussing. I suspect this will make the blog more useful as well. Rather than writing about every deal, I can spend more time sharing my thoughts on the handful that I believe deserve attention. That bring...

Harry's Holdings Ltd

Harry's Holdings Ltd is placing out 24m new shares at $0.22 for a listing on Catalist. It managed to grow from a single bar in Boat Quay in 1992 to a leading F&B operator today.


Revenue grew from $27m in FY2007 to $37m in FY2009 and net profit is around $2m for that 2 years with a dip in FY2008. The offer will end on 24 Jan at 12pm.


The Company is listing at a PER of 11.4x assuming the service agreement is in place and based on post IPO number of shares. Market cap is $20.9m. Basically at $21m, it is a ultra small cap and you 'cant' apply for it. Don't see much prospects unless it can venture out of Singapore or create some ultra profitable F&B outlets. 



Comments

poroshosk said…
1000′s of people the world over are discovering that there is a simple solution to make money from online business.
SAC Capital