Singapore Institute of Advanced Medicine Holdings Ltd
Singapore Institute of Advanced Medicine Holdings Ltd ("Sam" or the "Company") is offering 114m new shares comprising 4.415m Public Offer Shares and 109.585m Placement Shares at $0.23 each for a listing on Catalist. The Company aims to raise $26.2m and the majority of the proceeds will be used to repay debt and the balance for working capital. The market cap based on the IPO price is $231.8m and the offer will close on 14 Feb at 12 noon and starts trading on 16 Feb 2024 at 9am. Principal Business SAM is a healthcare service provider using advanced technology for early and accurate diagnosis to detect and treat cancer, neurodegenerative and cardiovascular diseases. SAM has strategic collaborations with public and private institutions for research and clinical work. SAM's goal is to create a comprehensive one-stop ambulatory cancer centre to undertake the challenges to fight cancer and is one of the first to adopt proto beam therapy treatment in Singapore. Fi
Comments
It all depends. There could be shortists at work here and sell stocks that they dont have and you can be right that the placees are cashing out as well. But from my perspective, if i buy at 30c and sell at 41c, then gain is 36%. Even if i sell at 35c, the gain is still a decent 16%. The rule of the game = don't be the last to hold the baby. :)
You stated it is worth above 48ct yet you sell at the first trade of the day? Doesn't this contradict with your 3 chillies???
This is not so much to do with shortist. IPO doesn't has short scripts so naked short cannot dump 80m shares in a single day. It has to be the 97m placement holders offloading to the market! Now we can assume most the shares have been distributed to the market what is there to stop the share price from plunging to its nav 0f 0.15?
My ratings are for short term use only, please treat it with a pinch of salt. Not sure why you are so upset though?
2Y Capital is just sharing his opinion via his blog.
Im giving ascendas a miss cause my broker told me ever since korea hotel pulled out, placement ppl all pull out.
btw all the anonymous here are different people.
Appreciate the 'standing up'. you must have notice the "disclaimer" today. hahaha. :)