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 ...
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On the side note, I am thinking of picking up this reit around 60-65 cents, this should give me a yield of around 6% even w/o the income engineering work. What do you think?
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This BHG ipo now at 80.5 cents and did NOT open below it's ipo price!
Yeah, free $200 plus money in 1 minute, apply 50 lots get all 50 lots and sold off at 80.5 cts!
Only ignorant morons are very prejudiced against things related to China!
But, maybe you're different. Please share with us what is the best price to get in and out of this reit? I pocket the $ if you're right and you help to pay my lost if you're wrong, k?
Cheers to Mr IPO.
Good summary.
Thanks.
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Maybe you could moderate for a few months, and "open the gate" later when things settle down.