Initial Public Offering (IPO)

[AzizahSumayyah]

tt! dah jual kopitiam ke belum... ke masih hold?
tak berapa kencang lah Oldtown first day listing...huhu

 

[2bz4money]

tuan benda ni bleh dpt sebelum tarikh tutup ker

cabutan & agihan lot berlaku slps tarikh tutup IPO..

 

[2bz4money]

Oldtown May Rise 5%-10% On Main Market Debut

Jangkaan sdr tepat. Closing 1.32 increase by 5.6%. Hopefully dpt let go @1.50..

 

[2bz4money]

Oldtown climbs on KL listing debut

tt! dah jual kopitiam ke belum... ke masih hold?
tak berapa kencang lah Oldtown first day listing...huhu

Published: 2011/07/13

OldTown Bhd, which made its debut on Bursa Malaysia's Main Market today with a premium of 13 sen against its initial price offer (IPO) of RM1.25, is optimistic that the performance is a confidence vote for its growth potential.

At the opening bell, 3.85 million shares were traded.

"We are excited and pleased with the opening price given the uncertain global market. The market's evident confidence shows our position is strong as a home-grown brand," its chairman, Datuk Dr Ahmed Tasir Lope Pihie told reporters at the company's listing ceremony today.

The company intends to continue growing in strength, by leveraging on its established brand name, comprehensive distribution network and proven business model as an integrated coffee beverage manufacturer and cafe operator.

"Together with the listing, we are opening three new outlets today, namely in Sungai Buloh, Selangor and Jalan Pahang in Kuala Lumpur as well as Miri, Sarawak.

"We will open two more outlets in I-City and Bandar Sri Permaisuri in the Klang Valley by the end of the month," Ahmed said, adding, the company planned to open 300 outlets in three years from the current 182 in Malaysia, Indonesia and Singapore.

The "kopitiam" chain operator and instant beverage mix manufacturer expects to raise RM79.2 million from its IPO, of which RM52 million is to be invested in a new plant in Ipoh to take over its existing food processing operations.

Of the proceeds raised, RM38.1 million will be channeled for capital expenditure, including financing the construction of the new plant, the opening of 27 new cafes and purchasing machinery and equipment.

Meanwhile, RM19.7 million from the proceeds will be allocated to acquire companies not yet owned by OldTown, RM10.5 million for working capital, RM5.9 million for repayment of borrowings and RM5 million for listing expenses.

The IPO encompasses a public issue of 63.4 million new ordinary shares and an offer-for-sale of 33 million vendor shares. -- Bernama

 

[2bz4money]

relakslah bro..kalu refund cepat, bolehlah riang gumbira bersama Prestariang

saya dah apply IPO 4 kali berturut2 semuanya partial alotted..hopefully consecutively succesful for the 5th time with BA..

13-Jul-2011 12:59:59 CSECC32313 CREDIT ADVICE
CSECC32313 EIPO REFUND FOR MIH

Dah dpt refund, rolling ball for Prestariang..

 

[renza859]

13-Jul-2011 12:59:59 CSECC32313 CREDIT ADVICE
CSECC32313 EIPO REFUND FOR MIH

Dah dpt refund, rolling ball for Prestariang..

yeahhhhh...go johnny go!

 

[renza859]

tt! dah jual kopitiam ke belum... ke masih hold?
tak berapa kencang lah Oldtown first day listing...huhu

tokey kopitiam berlegar2 di 1.30 rini?

 

[sahamdunia]

aku nye inari pending lambat nye guna maybank2u adussss

 

[2bz4money]

tokey kopitiam berlegar2 di 1.30 rini?

Steady earnings growth, modest valuations with fairly decent yields

We estimate net profit for the company at roughly RM35.4 million this year, up 12% from 2010. That is equivalent to earnings of 10.7 sen per share and prices the stock at a fairly modest 11.7 times forward

P/E multiples — compared with the average valuation for the broader market of about 15 times.

We believe the company can maintain a similar pace of growth over the next few years. Additionally, OldTown has adopted a dividend policy to pay out a minimum 50% of annual net profit. Based on our forecast, dividends would total 5.4 sen per share, translating into a pretty decent yield of 4.3% at the IPO price of RM1.25.

OldTown has a small net debt of RM2.2 million, before taking into account net proceeds from the IPO totalling RM74.2 million, after netting off listing expenses. Thus, the company would revert into a net cash position after listing. The bulk of the proceeds — RM58 million — will be used to up its stakes in partially owned café outlets and to fund the expansion of the beverage manufacturing arm.


Note: This report is brought to you by Asia Analytica Sdn Bhd, a licensed investment adviser. Please exercise your own judgment or seek professional advice for your specific investment needs. We are not responsible for your investment decisions. Our shareholders, directors and employees may have positions in any of the stocks mentioned.


This article appeared in The Edge Financial Daily, July 13, 2011.

p/s: Hold or Sell..

 

[AzizahSumayyah]

tokey kopitiam berlegar2 di 1.30 rini?

dah disposed... took out from my portfolio, tak mau tengok lagi dah the price movement huhu