Skip to main content

IPO Chilli Ratings

IPO Chilli Ratings
Click to understand how it works

Featured

Posted by

Food Innovators Holding Limited

Food Innovators Holdings Limited ("FIH" or the "Company") is offering 14m shares at $0.22 each, for which 13m shares will be through placement and the remaining 1m shares via a Public Offer. The IPO will close on 14 Nov at 12 noon and starts trading on 16 Oct 9am.  FIH has two business models - the first is to be a master lease and sublease the space to other tenants and the second is to operate and manage restaurants.  The Company currently has 12 restaurants in Japan, 10 in Singapore and 4 in Malaysia. The market cap based on the IPO price is around $24.9m. Financial Highlights FIH's revenue grew from $37.8m in FY2022 to $43.8m in FY2024. It is quite funny to see that being a master land lease holder has a higher margin than operating the restaurants, once again illustrating the point that it is better to be a landlord to shake leg and collect rent. According to the prospectus, the PER is around 19x. The Company intends to pay 20% of its net profit after tax a
Post a Comment
Read more
Labels
Posted by

800 Super Holdings Limited

800 Super Holdings Limited ("800" or the "Company") is offering placing out 32.214m shares at   $0.22 each. There will be 30.214m new shares and 2m vendor shares.  The IPO will end on 13 July at 12pm but there is no public tranche. The Company is basically a waste management company but somehow like to position themselves a leading "environmental solutions provider"...sigh!!!


The 3 key businesses are Waste Management and Recycling, Cleaning and Conservancy and Horticulture.  The Company is one of the four licensed public waste collectors and over 20 years of track record in the industry. 

The directors intend to recommend and distribute dividends of not less than 20% of its net profits attributable to shareholders for FY2011 and FY2012.


Revenue grew from S$55.4m in FY2008 to $69.6m in FY2010 and net profit after tax grew from $2.2m to $5.2m during the same period. From the prospectus, assuming the service agreement is in place in FY2010 and based on the enlarged share cap of 178.8m, the EPS will be around 2.54 cents and that translate into a listing PER of 8.7x. The market cap post listing is around $40m.


The Company intends to use the proceeds to expand its materials recovery capacity and the existing fleet of rubbish trucks, if i use plain English.  I dont have much feel about this IPO, think the company is fairly valued and future prospects will greatly depend on whether they win or lose the waste management contracts in Singapore. I would give this a miss.
Email Post
Labels:

Comments

Anonymous said…
YOU WERE WRONG
21 July 2011 at 15:55
Mr. IPO said…
The share price may cheong way above its IPO price on the first day but considering this is a placement share, can public investors get it at 22c and sell at 30c? I just hope people didn't jump in on the opening day.

No that the share price is 20c and below its IPO price, am I right or am i wrong? There is no right or wrong in market, just my personal opinion and only Market is right. If you can get out at a profit, you are right, if you cant, you are wrong....

The operator for this stock is from one of Singapore biggest brokerage house and operates a "push and distribute" model...
27 July 2011 at 08:54
Post a Comment