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
Comments
I just chanced upon your blog and learnt a lot.
Will you be sharing information on the IPO of SPH Reits?
Thanks!
Cos I understand approval is just given. :)
Those who applied for 100 lots or 1,000 lots where given about 70% of their application will have sleepless night.
1 cent down represents a loss of $7,000.
Wow! You got 36 lots! You are really lucky.
I think you will make a killing tomorrow. Congratulations!
A gain of 10c per share means a cool $3,600 red packet.
I applied for 201 lots and got nothing. :(
Can only tell if lucky or not tomorrow. I hope US tonight can help rally a bit. Haha. Better luck next time!
You seem to have ipo luck, always get something. Heard that grey market is at $1.10, with your well syndicated network did you also hear that ?????
I hope it is true so that the market can be boosted .
I have decided to stay away after reading your preview and review of Asia Pay TV.
Some of my friends went in for the ipo for the 8% yield. He put in one million shares by using his OD and was allotted more than 700 lots. He has the shocked of his life.
He is now waiting to dump as soon as the market is opened. I am not sure how many are in the same position.
Good luck to those who were allotted.
I always carry with me a sense of appreciation when I read your blog.
You are so generous to share your knowledge and wisdom to other investor.
I thank you for your very kind gesture.
Your sincere reader
Tks for the kind words. :)
The price has dropped below IPO price. Do you think it's a good idea to buy in some shares?
[[anonymous 7 ]]
hello CheyTan. Somehow I don't think you'd get a reply to your question anytime soon.
The comments have gone deathly silent. Suddenly.
All this is in the nature of markets.
LOL.
I decided to go in at 94 cents. I'll try to hang in for the first dividend, and decide from there.
Wish me luck =)
[[ anonymous 7 ]]
ps : I recall Religare HealthCare and Sabana REIT all diving soon after listing.
Religare Healthcare (RF1U.SI) is due for a dividend soon btw, ex div 04 June 2013.
We'd see who's left standing. All those newly enthusiastic about IPOs will soon not be so enthusiastic.
All in the nature of markets.
There is 1h:06mins to market close from now.
[[ anonymous 7 ]]
OK, market close. last done 92 cents. Range : High/Low $1 / 91.5 cents
On-market volume at 167,874,000 shares.
Look for stabilization announcement today, tomorrow and Friday. If underwriters exhaust the over allotment option by then, watch out on Monday.
[[ anonymous 7 ]]
May I post a slightly off-topic comment? The comment is off-topic because it pertains to Hong Kong IPO debut.
Langham is debuting today, and also far is around HK$4.60; subscription price HK$5. The ticker for Langham is 01270.HK
I think the 3 hotels in Langham will continue to hold my interest; but the backdrop of rising USA interest rates, and also the bird flu problem will have to be borne in mind.
There seems to be an all-Asia sell off in REITs, I think. Singapore is not immune.
[[ anonymous 7 ]]
re : Hope it is just May - sell n go phenomenon!
====================
... and what about the interest rates?
[[ anonymous 7 ]]
Anyway, regardless of what happens to interest rates, don't get carried away by "wealth effects".
If shares are going up because of lower interest rates, or just plain money printing, then recognise it for what it is.
This "wealth effect" is illusionary, but it always catches people out. All the time.
I'm keeping the dividends.
Whether passive income or not, dividends will just remain approximately passively unspent.
Just and deserved desserts in the age of money printing.
Look forward to your review of Tee Land
"Asian Pay Television Trust, owner of Taiwan’s third-largest cable television operator, slumped on its first day of trading in Singapore to become THE WORLD'S WORST INITIAL PUBLIC OFFERING this year on concern marginal earnings growth will limit its ability to sustain dividends."
http://www.businessweek.com/news/2013-05-29/asian-pay-television-declines-in-trading-debut-singapore-mover
[[ anonymous 7 ]]
Aiyah !!!! PLEASE!
This is businessweek you are talking about, or is it some american-style journalism. Which reporter wrote that; do they know what they are talking about?
Langham is HK$4.40 from initial price of HK$5, so how the (expletive!) can Asia Pay TV be the worst?
Lots of IPOs last year had worse starting performances.
Please don't get carried away with these ridiculous reports. Don't believe everything you read in this american media.
And, hype is double-edged sword.
Or, do you suggest the misinformed author was naively hopeful and bought some shares?
If APTT and its Sponsor is aggrieved by such coverage, let's see them complain and procure a retraction.
[[ anonymous 7 ]]
This has nothing to do with APTT Sponsors or the like.
I'm saying this sort of "THE WORLD'S WORST INITIAL PUBLIC OFFERING " garbage over-blown reporting.
For some unknown reason, some of these american reporters have taken to overdramatic reporting like :
The worst since last year
The worst since last week
The worst since last month
... etc etc
But when one actually looks at the graph and the data, it is really nothing as dramatic as that.
As for hype being a double edged sword, it may be, but that no relevance here.
The author of the piece has not entered my thoughts, and I don't really care what the author has or not not bought.
Irrelevant, and overly dramatic. Absurd reporting.
And before any body asks, or raises yet more irrelevant questions, no I did not obtain any APPT shares and I'm not trying to grumble about idiotic reporting that may affect any of my so-called "interests".
I'm pointing out that that american style reporting in whatever businessweek or similar is overblown, does not give the correct impression, and is to be ignored.
I guess one might even say that author must also be the "WORLD'S WORST REPORTER SINCE YESTERDAY".