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
If there was "meat" on the bone, then it should have been available for chewing by shareholders at MIIF and not at APTT with extra fees, bonus payments, etc. The responsibility for getting the better valuation belonged to the MIIF Board to procure from the manager of the fund, MIMAL. Alas, MIMAL had a performance deficit and they were not going to get any bonuses at MIIF, which they now may once all the other assets are sold.
Stick with fundamental analysis as an investor or be a speculator moved by sentiment, hoping to time the market. Past performance is no indicator of future performance but those who do not learn from history (or from thier studies) are condemned to repeat it.
And, show some love: MIIF shareholders are owed more than one chilli from MIMAL.
Nick of time. IPO application closed at 12 noon today, iirc. :)
Just curious. How many lots did u ATM for??
re : anonymous : The MIIF investors who took shares swapped a lower priced ownership of TBC for a higher priced ownership of TBC.
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It was a daring move that seems, with hindsight, to have caught the MIFF investors out.
This shows the limit to financial engineering, involving Private Equity, and playing around with interest rates and debt.
On a separate note : is Asia Pay TV the sort of infrastructure I should be interested in? Theoretically, if I was to take a (initial?) loss on infrastructure plays, it should be on infrastructure that is really useful; not Pay-TV infrastructure.