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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
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Neo Group IPO balloting results

Neo Group announced its balloting results.



Based on my past experience, the 'highest chances' usually fall between applicants who apply for between 50,000 to  100,000 shares.  In addition, it may not be worth the effort if you get only one lot. Imagine you get one lot and your minimum commission is $30. You will need to sell above $0.36 in order to make more than your broker! And 6 cents already represent a 20% increase from the IPO price. 

Hmm... today is be my lucky day :)


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Comments

KM said…
Shouldn't it be $0.33 cents? You don't need to pay commission to the broker for getting the ipo, if you bid via ATM, right?
11 July 2012 at 00:37
Anonymous said…
yups, you will earn $30 if +20%.
11 July 2012 at 01:58
Mr. IPO said…
I only computed one side. so the total commission will depends on your "minimum". If you use internet, usually $25-$28 (Broker) + $2 (ATM). I sometimes used a broker to maintain relationship , so $40 minimum.
11 July 2012 at 09:19
Mr. IPO said…
Out 3 lots at 47.5. Thanks for the buffet lunch. :) yummy.

Return of 55% from IPO price is impressive and good enough for me.
11 July 2012 at 11:30
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