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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
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Singapore IPOs Tikams for 2015

As we approach the end of 2015, i will continue with the tradition of posting my tikam results.

The tikam post for 2013 and 2014 is here and you will find the 2012 results here.

This year is probably one of the worst as the IPO market in Singapore is in doldrums! I made only $808.82 (at least the numbers look auspicious)

There is only one mainboard listing and the rest are all catalist where you can mainly get shares only via placement. 

I participated in 5 IPOs this year and the results are as follows:


My biggest losses came from CMC Infocomm of $7,983 while the biggest gain was from Jumbo Group of $8,817. CMC was a "painful" incident where I got "played out" by the backers but i don't blame anyone. As i have said before, you have to be responsible for your own profit and loss so don't blame anyone! ^_^ (including those who lost money on my recommendations. @_@)

Hope 2016 will be a better year for everyone, including SGX who is having a difficult time luring any decent companies to list here.

Since we are only 6 days away to 2016, I wish all readers good health and a joyful and bountiful 2016 in whatever you do!




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My Sweet Retirement said…
That's a good gain on Jumbo IPO.
26 December 2015 at 16:03
Anonymous said…
The Soo Kee one is the bond? Or?
26 December 2015 at 16:53
The Real Guy said…
Hi Mr IPO, wish you and all the readers a belated Merry X'mas and a Happy New Year. Hope the coming year has lots and lots of IPOs. Cheers!!!
26 December 2015 at 23:18
Dennis said…
Hello all you guys here, wishing everyone a GOOD IPO year in 2016, many decent IPO on the way and all of us 發呀！Last but not least, a BIG THANK YOU to MR IPO :-)
27 December 2015 at 09:34
Mr. IPO said…
Most welcome Dennis. Huat ah!
27 December 2015 at 11:35
Hendrie said…
Hi Mr IPO. How did you lose on BHG when it is stabilized by DBS?

Thank you for your contributions over the years! May 2016 be filled with more 8s for you and your readers!
28 December 2015 at 12:04
Mr. IPO said…
It's in the same post. About $192. Thanks for your well wishes. ^_^
28 December 2015 at 12:07
Anonymous said…
Happy New Year, Mr IPO!
5 January 2016 at 09:02
Unknown said…
Hi, is there a particular reason why you didnt buy into Singapore O&G?
24 January 2016 at 00:57
Mr. IPO said…
Wasn't offered and didn't get at the ATM... ^_^
24 January 2016 at 15:00
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