tag:blogger.com,1999:blog-2558835596101121602.post7508345719323723269..comments2024-02-29T13:59:08.383+08:00Comments on Singapore IPOs: MindCamps Preschool LimitedMr. IPOhttp://www.blogger.com/profile/16449331327581040185noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-2558835596101121602.post-29783374596076979242017-11-23T18:20:33.313+08:002017-11-23T18:20:33.313+08:00results already out. check ur ibanking application...results already out. check ur ibanking application status. ATM applications can check if u got refunded.JiakBaVehFreehttps://www.blogger.com/profile/00346944665651276524noreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-85239208900089679512017-11-23T11:24:02.593+08:002017-11-23T11:24:02.593+08:00Hi Mr IPO, do you know when will the ballot result...Hi Mr IPO, do you know when will the ballot result be out? Thanks!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-12758345918704735592017-11-22T21:40:35.415+08:002017-11-22T21:40:35.415+08:00Thanks for pointing out the indebtedness error. It...Thanks for pointing out the indebtedness error. It should be $0.66m instead of $66m. I have since updated the blog post and the peer analysis and the EV/EBITDA multiple is now 22x (instead of 32x previously)... my sincere apologies.Mr. IPOhttps://www.blogger.com/profile/16449331327581040185noreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-11064335565629394082017-11-22T18:50:30.291+08:002017-11-22T18:50:30.291+08:00Oops you are right.... I will do a after note. Tha...Oops you are right.... I will do a after note. Thanks for pointing out Mr. IPOhttps://www.blogger.com/profile/16449331327581040185noreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-85905829472601005502017-11-22T15:33:28.507+08:002017-11-22T15:33:28.507+08:00Hi
i think you had a typo the total debt after i...Hi <br /><br />i think you had a typo the total debt after ipo proceeds are 66 thousands dollars not 66M. therefore i do not think the company has a high level of debt as written in your post. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-24129682798734062452017-11-21T20:52:51.385+08:002017-11-21T20:52:51.385+08:00I have a few from placement tranche. Not sure if I...I have a few from placement tranche. Not sure if I am applying at ATM... Mr. IPOhttps://www.blogger.com/profile/16449331327581040185noreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-87388822931876652742017-11-21T20:14:01.466+08:002017-11-21T20:14:01.466+08:00Hi Mr IPO, how many placement share you are alloca...Hi Mr IPO, how many placement share you are allocated ? or you applying at ATM ? Tanhttps://www.blogger.com/profile/08261943697674904372noreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-73285912398017139652017-11-21T13:22:33.571+08:002017-11-21T13:22:33.571+08:00I recall I recomputed the EV/EBITDA multiple. I recall I recomputed the EV/EBITDA multiple. Mr. IPOhttps://www.blogger.com/profile/16449331327581040185noreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-78384284651802590572017-11-21T12:20:11.108+08:002017-11-21T12:20:11.108+08:00Hi you said that PER is 32x, but EV/EBITDA is also...Hi you said that PER is 32x, but EV/EBITDA is also 32x in the table you provided? Not sure if this a typo or actually the case.Glennhttps://www.blogger.com/profile/04586307346955160497noreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-17363464277545820562017-11-21T10:36:21.894+08:002017-11-21T10:36:21.894+08:00Thanks! Under accounting, you reckon it will be cl...Thanks! Under accounting, you reckon it will be classified as accounts receivable? Not sure if I am overthinking this hahaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-5009280139837744232017-11-21T09:48:30.422+08:002017-11-21T09:48:30.422+08:00I remember CDL chairman supported this company rig...I remember CDL chairman supported this company right at the start. Is Keep LB still in itAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-21762064544750119412017-11-20T23:17:10.992+08:002017-11-20T23:17:10.992+08:00Yah. They are probably βNewβ to the game...Yah. They are probably βNewβ to the game...Mr. IPOhttps://www.blogger.com/profile/16449331327581040185noreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-74046689275428496112017-11-20T23:16:30.811+08:002017-11-20T23:16:30.811+08:00I think you can find the answers in page 75-76? I think you can find the answers in page 75-76? Mr. IPOhttps://www.blogger.com/profile/16449331327581040185noreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-48200461409386786302017-11-20T22:48:17.790+08:002017-11-20T22:48:17.790+08:00Thanks for the nice summary. In the prospectus, it...Thanks for the nice summary. In the prospectus, it lists a total of 109 franchise license sold (combination of infant, preschool and reading & writing centres), but only 44 in operation. Excluding the 4 upcoming centres, any idea if the remaining 61 licenses would have been accounted for in the financial information? If they are, what would they be classified under? Thanks!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-74870493743534874462017-11-19T20:57:24.368+08:002017-11-19T20:57:24.368+08:00Sorry, just went it again. After IPO, the NAV will...Sorry, just went it again. After IPO, the NAV will 0.218 (which is an immediate dilution of 0.612). I mistaken it the NAV after IPO. Thanks for clarifying this. The valuation is really high .... and it will take time for the fund to generate new income ... the PE will stay high in near future. After seeing the performance of HRnet ... i'm not sure if i'll keep. I might apply, but will Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-2266192984190194532017-11-19T20:34:35.533+08:002017-11-19T20:34:35.533+08:00My price to book already accounted for the IPO pro...My price to book already accounted for the IPO proceeds. Mr. IPOhttps://www.blogger.com/profile/16449331327581040185noreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-45273296019309341132017-11-19T20:31:28.645+08:002017-11-19T20:31:28.645+08:00Thanks for your write-up regarding this IPO. You w...Thanks for your write-up regarding this IPO. You were comparing the P/B vs other 2 companies, and the P/B is reflected as 3.1x. Assuming that the IPO is fully subscribed, the NAV would be 0.612. As there is additional cash due to IPO, shouldn't we use NAV of 0.612 which translate the P/B to 1.35 when we compare with other 2 companies?<br /><br />ThanksAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-45607780691968528362017-11-19T20:18:31.357+08:002017-11-19T20:18:31.357+08:00Thanks, it seems expensive so I will skip. Thanks, it seems expensive so I will skip. Waynehttps://www.blogger.com/profile/03460191581441166382noreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-33788683490985518342017-11-19T19:31:22.524+08:002017-11-19T19:31:22.524+08:00Thanks for the quick response.
Hmmm if not for IP...Thanks for the quick response.<br /><br />Hmmm if not for IP and potential ownership/franchise issues, I would definitely buy ahahahaAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-81666048000367976392017-11-19T19:15:32.949+08:002017-11-19T19:15:32.949+08:00It does in some ways π .... that is why one Chilli...It does in some ways π .... that is why one Chilli for valuation ...but it also mean can use shares as the currency to fuel acquisitions Mr. IPOhttps://www.blogger.com/profile/16449331327581040185noreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-74116899862587463202017-11-19T18:40:00.277+08:002017-11-19T18:40:00.277+08:00For the PER of 32x, does it already take into acco...For the PER of 32x, does it already take into account the earnings from new acquisitions?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2558835596101121602.post-85669310642892449382017-11-19T18:04:38.117+08:002017-11-19T18:04:38.117+08:00is that the same CFCG in HK(1269.HK)?
Business Sum...is that the same CFCG in HK(1269.HK)?<br />Business Summary:<br />Before 2014, the Group was mainly engaged in automotive parts business. Since the end of 2014, the Group has started moving into new businesses, providing services such as dealing in securities, underwriting and placing of securities, financing consultancy, merger and acquisition agency, financial advisory, asset management, creditBrucehttps://www.blogger.com/profile/13254585464682836163noreply@blogger.com