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 ...
Comments
I m impress with their 'green' initiative as they are currently upgrading my estate. I think they r very different from other Renovation Contractors in town. I have faith on it. Can I invest on them for mid long term? What do you expect on its share performance?
1. If you like what they are doing and would like to invest in them, please do so but i wouldn't be able to tell you what the share price performance will be.
2. Revenue and net profit seemed to be on an uptrend with a good order book. But not for me personally. I don't like the industry and the small cap per se.
3. It is ok without public tranche of course. But it also means you wouldn't be able to buy it at the IPO price if everything is via placement. I am not sure if it is "safer" to place out to close friends and relatives but that is one way to look at it provided the friends and relatives are vested for a long term.
its price if 0.22 over valued or reasonable?
I am looking for short term gain
I won't be able to tell you whether above 26c is a good buy unless you can tell me what this years and next year's EPS will be. I am not even saying 22c is a good buy. 22-26 is just a guess of the opening price range. Haha.
SINCE U SO 'NEGATIVE' ON SMALL CAP IPO OR LISTING @ CATALIST, I GUESS INVESTORS SHALL STAY OUT FROM ALL OF IT? BTW, THE LISTING REQUIREMENTS @ MAIN BOARD R SO HIGH NOW, HOW MANY LOCAL SME R QUALIFY? ANY UPCOMING MAIN BOARD IPO THAT U RECOMMEND BESIDES REIT?
MIKE LUDGE
SPH Reit and OUE Reit have both lodged their preliminary IPO prospectus.
What are your views?
Cheers.
Few months ago I would have been very excited...
Now ah... Need to think thrice...
After giving it much thoughts, frankly, i don't know if there is a book that will teach you to "analyze like how i do".
It has been a combination of knowing how the various valuation methodologies work + paying school fees to Mr. Market + experience gained over the years + watching the markets + reading widely.
As such, my views are very biased due to my personal experiences. So you have to accept that when you read my blogs. Just like i am biased towards small caps and China stocks :P
Congrats. You seem to have attracted quite a lot of new readers.. I think it is good; though many of their comments are of poor quality... Perhaps, they would benefit and learn from you along the way...
I really respect your patience and your generosity.