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Time now: Jun 1, 12:00 AM

Initial Public Offering (IPO)

owh..cam tu..kalau begitu..saya ikut nasihat tuan...insyaallah saya tunggu n kumpul wit untuk petronas cari gali..ade kan?

kalo ikutkan desas-desus yg saya dgr (dr sumber yg tak bole dipercayai), carigali mao listing tawon ni... :)

masalah problemnya, listing yg saya ada ni takde pon carigali (ker org yg type tu type kat page lain?) :D
 
Bab 1 (lagi?)

Bumi Armada said to raise RM2.7b in IPO

Bumi Armada Bhd, a company controlled by Malaysian billionaire T. Ananda Krishnan, raised RM2.66 billion (US$888 million) after pricing shares at the upper half of its indicative range in the country’s biggest initial public offering this year, two people familiar with the matter said.

The Kuala Lumpur-based oil and gas services company sold shares at RM3.03 each, said the people, who asked not to be named as the information is still private.

The offering comes as Sun Art Retail Group Ltd, China’s top hypermarket operator, bucked a recent slump in demand for new equity in Hong Kong to raise US$1.1 billion after selling shares at the top end of a range. At least seven IPOs have been canceled or postponed in Hong Kong this year, and several large issuers including Samsonite International SA have had to accept prices below the maximum they sought.

“At RM3.03, Bumi Armada is leaving quite a lot on the table, probably to attract long-term investors given the current lukewarm response to recent IPOs such as Samsonite,” said Bharat Joshi, who helps to manage about $5 billion at Aberdeen Asset Management in Kuala Lumpur. Aberdeen didn’t subscribe to Bumi Armada IPO shares.


Sugar Refiner

Bumi Armada’s shares were priced at 19 times 2010 earnings, according to data compiled by Bloomberg. Oil and gas equipment and service providers from emerging Asia-Pacific nations trade at about 27 times the last twelve month’s earnings, Bloomberg data show.

Great Eastern Life Assurance (Malaysia) Bhd and Prudential Fund Management Bhd are among so-called cornerstone investors who will buy a combined 10.2 per cent of the shares, Bumi Armada said on June 30.

The company declined to comment in an e-mailed reply today. The IPO is Malaysia’s largest since Petronas Chemicals Group Bhd raised a record RM12.8 billion in November.

Eleven of the 18 companies debuting in Malaysia this year have advanced from their offer price, data compiled by Bloomberg show. MSM Malaysia Holdings Bhd, which bought billionaire Robert Kuok’s sugar refining business two years ago, also sold shares at the top of its range in June.

History of Relisting

Krishnan, Malaysia’s second-richest person after Robert Kuok, has a history of delisting and relisting companies. He privatized cell-phone carrier Maxis Communications Bhd in 2007 and took it public again as Maxis Bhd. in 2009 without its international operations.

He has since delisted pay-TV broadcaster Astro All Asia Networks Plc, satellite operator Measat Global Bhd, and power and gaming group Tanjong Plc.

Bumi Armada’s profit in 2010 rose 26 per cent from a year earlier to RM350.8 million, or 16.02 sen a share, according to the company’s draft prospectus. Revenue climbed to RM1.24 billion from RM732.1 million, it said. -- Bloomberg
 
kenapa dia pulangkan semua Oldtown? bukan ke Bumi punya applicaton hari tuh mereka announced 100% successful rate?... cuba check balik semula, mungkin u dapat partial kot

tu la bro,,,dalam report memang bumi semua akan dapat,,,tak tau la apa sebab,,,,aku baru jer repot kat MIH...tunggu depa investigate ler..:D:D:D
 
bile die akan beritahu kite dapat atau x ek?
 
balloting hari isnin..camne leh tau result dah??? :)):))

tapi aku rasa sapa2 yg apply akan dapat sebab besar allocation
 
balloting hari isnin..camne leh tau result dah??? :)):))

tapi aku rasa sapa2 yg apply akan dapat sebab besar allocation

muahahaha..apa kata baca betul2 sblm gelak beso cegitu
(takut lps tu kena gelak blk)

mohon gelak beso juga...muahahahahaha
 
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