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

Kitchen Culture Holdings Ltd

Kitchen Culture Holdings Ltd is offering 17m new shares at $0.30 each via placement for a listing on Catalist. There will be no public offering and the offer will close on 20 July 12pm.


The Company specializes in the sale and distribution of a wide range of premium imported kitchen systems, appliances, wardrobes systems, household furnishings and accessories from Europe and USA. The company works closely with developer to market "higher-end" residential projects. 


Revenue for FY10 reaches $31.2m with a net profit after tax of $4.3m. The Company intends to distribute at least 20% of its net profit for FY2011 and FY2012 as dividends. EPS on fully diluted basis for FY2010 is 4.3 cents and if the payout is 20%, the DPS will be 0.86 cents and based on the IPO price of 30 cents, the yield is around 2-3%. Assuming the service agreement was in place, the listing PER based on historical 2010 results will be around 7.7x. The market cap at listing is around $30m. Prior to listing, the company has already 'distributed' its cash to its shareholders for FY2010 of approximately $4.6m...  (this is called milking it dry and then list it...which is not uncommon..).


Since there is no public offer, i have no further comments on the company. All the best to the two brothers who managed to list the company on Catalist. At IPO, the share price is fairly priced and the dividend yield may provide some attraction to investors seeking a better yield over the low bank rate.
Email Post
Labels:

Comments

trade4target.com said…
Hey, very nice site. I came across this on Google, and I am stoked that I did. I will definately be coming back here more often. Wish I could add to the conversation and bring a bit more to the table, but am just taking in as much info as I can at the moment.

Thank You
trade4target.com
9 August 2011 at 17:54
trade4target.com said…
Hey, very nice site. I came across this on Google, and I am stoked that I did. I will definately be coming back here more often. Wish I could add to the conversation and bring a bit more to the table,but am just taking in as much info as I can at the moment.

Thank Youtrade4target
10 August 2011 at 17:36
Post a Comment