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Does this one sound familiar to U.....kopi $$$ dispite STI is down almost 80 pt
| teeth53 | Posted: 29-Oct-2007 22:39 |
| A marine services and ship building player. Think is worthy to subscribe..... INVITATION STATISTICS ........................................................... 44 It PER ratio 11.8 times it earning.....A reasonable play, might be targeting it TP at 43-56c range....pending how hot is this IPO-ing stock. Just my tot, ur decision, ur $$$. |
STI is in the red to a low of 3,638.22 and closed end of d day at
This IPO 1st day traded to a well supported level thou most regional index is down rite in red.
| ST Index |
3,670.18 -45.14
|
This IPO 1st day traded to a well supported level thou most regional index is down rite in red.
| Time | Last | Volume | Bid/Ask |
| 17:05:03 | 0.410 | 708,000 | X |
| 13:59:01 | 0.410 | 25,000 | B |
| 12:28:13 | 0.410 | 15,000 | B |
| 08:59:02 | 0.445 | 2,953,000 | B |
| Last | Trades | Volume | Bid Volume | Mid | Ask Volume |
| 0.380 | 1 | 100,000 | 0 | 100,000 | 0 |
| 0.395 | 18 | 268,000 | 268,000 | 0 | 0 |
| 0.400 | 38 | 4,369,000 | 2,555,000 | 0 | 1,814,000 |
| 0.401 | 1 | 15,000 | 0 | 15,000 | 0 |
| 0.405 | 250 | 5,824,000 | 4,486,000 | 50,000 | 1,288,000 |
| 0.410 | 259 | 8,972,000 | 4,208,000 | 708,000 | 4,056,000 |
| 0.411 | 1 | 130,000 | 0 | 130,000 | 0 |
| 0.415 | 299 | 10,513,000 | 5,927,000 | 0 | 4,586,000 |
| 0.420 | 308 | 8,154,000 | 4,454,000 | 0 | 3,700,000 |
| 0.424 | 1 | 25,000 | 0 | 25,000 | 0 |
| 0.425 | 97 | 3,222,000 | 1,167,000 | 0 | 2,055,000 |
| 0.430 | 129 | 3,944,000 | 1,602,000 | 0 | 2,342,000 |
| 0.432 | 1 | 100,000 | 0 | 100,000 | 0 |
| 0.435 | 73 | 2,630,000 | 982,000 | 0 | 1,648,000 |
| 0.439 | 1 | 10,000 | 0 | 10,000 | 0 |
| 0.440 | 34 | 1,227,000 | 967,000 | 0 | 260,000 |
| 0.445 | 17 | 4,174,000 | 4,052,000 | 0 | 122,000 |
| 0.450 | 34 | 1,170,000 | 446,000 | 102,000 | 622,000 |
| 0.451 | 1 | 60,000 | 0 | 60,000 | 0 |
| 0.452 | 1 | 20,000 | 0 | 20,000 | 0 |
| 0.455 | 9 | 346,000 | 1,000 | 0 | 345,000 |
| 0.460 | 1 | 10,000 | 0 | 0 | 10,000 |
| TOTAL | 1,575 | 55,533,000 | 31,115,000 | 1,570,000 | 22,848,000 |
Thanks guys~! sian... no luck in this IPO either
grey in the high 40s, anyone?
I suggest checking CDP account @ http://www.cdp.com.sg/main/index.shtml on 1st trading day
More accurate. I got into trouble when DBS screw me with a "Conditional Allocation" with the Mid-Continutal so years back. I got backlisted for 2 years and credit limit downgraded for 1 lot no script.
Even now, DBS will only states "Provisional Allocation".
Take care.
Hi Zhenxian, you can check your bank account balance. If the full amount is refunded, then you are not successful. You can also check your CDP account.
I also have no luck in this IPO....
First time IPO-ing, so can please tell me where can i find out i got it? thanks~!
Congrat.......those lucky IPO-ing winnner, good for a STAG. Me no luck
IPO-ing result is out.
http://159.43.254.157/sgxnews/sgxnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20071102:SGX_31781
Fundementially, it seems like a good stock at a PE of 11.8 X. Given the recent strong boom in the shipping sector due to dry bulk carrier rates, should be quite a good buy from short term holding.
All the best :)
ya lor, so far i never have any luck in getting IPO. Is just like buying TOTO. Pay $2 and no win b4.
buy also no guarantee u get it.
So is this a good stock?
IPO Statistics.
Bloomberg ticker MPM SP
Closing Date 1 Nov 2007, 12.00 pm
Commence Trading 5 Nov 2007, 9.00 am
Listing Status SGX Sesdaq
Nature of Business Ship Chartering & Shipbuilding
Date of prospectus 26 Oct 2007
Issue size: 53.55m New Shares
(3.8m Public, 48.25m Placement and 1.5m Reserved)
Offer price S$0.28
Gross proceeds ($?m) S$14.994m
Key Manager, Underwriter & Placement Agent UOB Asia Ltd
Historical PER for FY06 11.1x
New IPO in the Marine Sector. Marco Polo Marine Ltd is a shipchartering and ship-building company. As per its public listing on SGX-Sesdaq, Marco Polo is offering 53.55m new shares, of which, 3.8m shares are allocated to the public. With an IPO price of S$0.28, Marco Polo will raise net proceeds of approximately S$13.2m. Post- IPO, the group's present directors, substantial shareholders and their associates will beneficially own approximately 80% of the issued shares.
Expansion Ahead. The net proceeds of S$13.2m will be used for the development and expansion of their shipyard (S$5m), the expansion of vessel fleet (S$3m), and for general corporate and working capital requirements.
Good prospects for a strong ship-chartering business. Marco Polo expects to see higher demand for the transport of constructedrelated raw materials as the 2 IRs drive the construction & property boom in Singapore. Also, with rising demand, alternate sources for the materials will be needed in the region - increasing the distances the ship chartering services will need to travel. The coal production and export industry, where the group recently commenced operations, is also expected to provide strong demand for their services. They have already secured a 1-year trans-shipment contract for coal worth approximately S$4.7m. The group intends to expand their customer base both regionally and by securing endusers in other industries such as commodity trading and marine logistics.
A young shipyard with room to grow. Marco Polo's shipyard became operational in December 2005 (first half of FY06). They currently build only tugboats and barges but are in the process of constructing two dry-docks, a jetty and related facilities. Construction of one of dry-docks and related facilities are scheduled to be completed by end 2007. Construction of the second dry-docks and the jetty will begin either end 2007 or early 2008. The group's intentions are twofold: 1) establish ship repair, maintenance, and conversion services; 2) expand on the types of vessels and structures built with a focus on the oil & gas and marine logistic industries. These new vessel types would include tankers, landing crafts, rock barges, accommodation barges, offshore supply vessels such as AHTSs, cargo ships and so on. The group also believes they have enough expertise to undertake fabrication of the massive steel platforms for jack-up oil rigs.
Good financials. In FY06, Marco Polo's revenue more than doubled to S$15.9m. For 6 months ended March 31, 2007 (HY07), revenue increased 200% to S$17.0m. Net profit rose 90.7% YoY to S$5.4m in FY06, and 263.6% in HY07 to S$4.4m. As of September 2007, the group's order book amounted to approximately S$4.7m for its ship-chartering business, and S$8.8m for its shipyard business. The majority of the aggregate amount (S$13.5m) will be realized in FY07, and the balance in FY08. Based on the IPO price of S$0.28 per share, Marco Polo's historical PER is 11.1x. The group's two closest peers according to the prospectus are presently trading at an average historical PER of 16x. We do not have a rating on Marco Polo.
Background Marco Polo Marine Ltd is an integrated shipping group engaged in the ship-chartering and shipyard businesses. Based in Singapore, their ship chartering business has an established track record that goes back more than 15 years. Marco Polo?s shipyard became operational in December 2005 (first half of FY06). It is located in Batam, Indonesia. Batam has free trade zone status, and provides a low operating cost environment.
Tikam, tikam 11 lots at ATM for me. Good luck those trying....sure got kopi $$$.
Close: 1st November
Trade: 5th November
when the closing date for this ipo?
any idea the grey mkt price?
Just whack oni...i apply 40 lots, hope can get some lots. So far, still no luck at IPO
family owns 80%, paying only 3c after listing; lee is damn $$$. seems like there is a lot of conflict of interest in their business, their major customer BBR is also own by lee. but who cares, also trying 30lots for stag