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...
Comments
let's pray it stays this way or dua chiong.
I am the guy who applied 21 lots and got 3 lots. I am happy that Courts were very generous in their ballot in terms of you get a two in one chance of getting something for almost every single tranche (1-9, 10-49, 50-99 etc).
That said, I personally prefer that the chances of getting be lesser and then those who get, will get more lots. So instead of 23:50 ballot ratio, we can have 10:50 with the person getting more say instead of 3 get 5 lots?
What do you think? My rationale is simple: More people hold the stock more likely that someone will panick and sell cheap at the opening bell (Hu An Cable remember???)
Also, the lesser lots you get means it is v hard to break even, those get say 2 or 3 lots, is hard to recoup unless share price dua chiong.
I think retail trache usually won't "move" a needle so how it perform post IPO will depends on who they place out the shares to. As you can see, they couldn't satisfy the institutions as well, so there might be some support post IPO. Plus the over allotment was "activated" so there will be some support if price drops below IPO price.
On the whole, it is tough to make a lot of money from punting IPO, so just treat it as a tikam game unless u have access to placement tranche of good counters...
I should have made 150 (selling at 0.83), but I only make 90 (selling at 0.81), I had 3 lots. Had a lecture and missed the opening bell, by the time I saw the share was on a free fall. Now 0.785 dead duck