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

Friends of Mr. IPO Update

As promised, i will do an update on my post on 2 Sep 12 where i set a target of 1,000 friends by end of the year.

The number of friends have increased from 372 to 549. An increase of 47% over 1.5 months. This time round, i will attribute the increase in friends to the sudden influx of companies seeking IPO on SGX. These companies just have to do this don't they?! Can they just queue up in an orderly fashion!


My readers continue to be predominantly male! In fact, the number of female readers have dropped by a 2% but the number of younger readers in the 18-24 age group has increased from 11.7% to 16%. It is good to see that because the readers from the 18-34 age groups will be the ones that will benefit the most due to their longer runway.


I am only at the halfway mark to the 1,000 friends. It needs to grow by another 82% from now till 31 Dec 2012... wow... seems like a tough target to achieve? 

Happy "like"ing. :)


Email Post
Labels:

Comments

Post a Comment