IPO
United Overseas Australia
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I think sentiment not good, that is why so weak, but i read the booklet, it seems healthy in Australia ?
Started this morning..Range from 0.33-0.38, slightly lower than IPO price of 0.38.
Has this started trading ?
Got myself 2 lots from IPO. Hopefully this baby soars in time to come.
nowadays always safer to collect after ipo debut
Apparently this company has little to do with Australia despite its name ..... haha...
United Overseas Australia - IPO Briefing
Serene Lim, 13 Dec 2007
Now don?t be fooled by its name.
Even though the company was incorporated in Australia in 1987, it really is based predominantly in Kuala Lumpur, Malaysia.
It is a property developer and investment company focussing on middle- to high-end residential and commercial projects in KL.
UOA also collaborates with Dats Management to provide building management services for the projects it develops.
Let's have a look at the invitation details.
UOA will be issuing 55 mln new shares.
2 mln of these will be offered to the public and 53 mln will be placed.
Each new share will go for S$0.38.
It plans to raise net proceeds of about S$19.1 mln from the sale of new shares.
About S$9 mln will be used to acquire new development sites.
The remaining S$10.1 mln will be used as working capital.
The application list will close on December 17.
After listing on Wednesday, December 19, the stock will be trading at a
price to book ratio of 0.87 times and a price earnings ratio of 13.29
times.
It will also have a market capitalisation of S$311 mln.
UOA does not have a fixed dividend policy, but has paid out A$0.07 per
share for the last three financial years and A$0.002 per share for H1
2007.
UOA is black horse (can make more $$$, but risk is higher) while JES can make $$$ with lesser risk) is a white horse, both horses may have it last chances for players to earn some kopi $$$ (money) into ending yr 2007. Both renkon can have good response from BBs.
Hong Leong Bank is backing UOA. so far HL bank delivered.
Invitation in respect of 55,000,000 New Shares as follows:
(a) 2,000,000 Offer Shares at S$0.38 each by way of public offer; and
(b) 53,000,000 Placement Shares at S$0.38 each by way of placement.
It PER Ratio is 13.29 X
INVITATION STATISTICS ..................................................page: 51
This offer is very easy over subscribe, on offer by HL Bank.
| Offer Type: |
Shares |
Status: |
Registered |
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Company: |
United Overseas Australia Limited |
Lodged Date: |
09/11/2007 |
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Underwriter: |
HL Bank |
Registered Date: |
11/12/2007 |
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Issue Manager: |
HL Bank |
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List of Associated Documents |
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Small kopi....??? riding on JES IPO-ing wave into a new year 2008.
The last traded price they used to price is about close, A$0.36, (some say it looks fishy, again, caveat emptor). At 17% discount, it works out to about A$0.298. At approx. exchange rate of A$1.00 to S$1.2800, it works to about S$0.38 (IPO price).
hi investors,
was the ipo price @10 cents AUD? cause i saw the 3yr chart trading at 15 cents. it only shot up recently to 36 cents
Below is a 6-mth performance chart (in A$) of UOA listed on the Australian Stock Exchange. IPO price is set at 17% discount to last trade on 10 Dec.1007. Decide for yourself if you're really getting a true discount, caveat emptor.
United Overseas Australia - The Malaysian-based, Australian-listed property company is seeking a secondary listing to help it grow in the region.
UOA now focuses on mid to high-end residential and commercial projects in Kuala Lumpur. But it plans to venture into countries such as China, Vietnam and India, director Alan Winduss said yesterday.
UOA yesterday launched a $20.9m IPO for a mainboard listing. The 55m shares on offer at $0.38 apiece represent 6.7% of the company's enlarged share capital and value UOA at $311.9m. Of the shares offered, 53m are for placement and the remaining 2m for public subscription.
UOA estimates the IPO net proceeds at $19.1m. More than half or $10.1m will be set aside for general working capital. The remainder will be used to acquire new development sites. The shares are being offered at a 17% discount to the closing price of the company's Australian-listed shares on Mon - the last day of trading before UOA registered its prospectus with the MAS yesterday.
