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MAP is unfortunately in the wrong time of listing for those who went in to buy. I have sold my IPO private placement shares on the debut day. However, it is a good counter worth keeping at close to IPO price. I am watching out for a good opportunity to buy back next week.
shit.. too greedy, and now kena stuck ...
Monday it will drop further, decided to "buy" if I cant let go on Tuesday at desired "price"..
Sold one (1) lot MapTech last Friday....0.65cents for small kopi $$$. Closed at 61c, vol: 28,220,000
| MAP Tech |
|
0.610 |
-0.075 |
-10.9 |
28,022 |
155 |
0.610 |
0.615 |
411 |
0.660 |
0.585 |
anyone still holding on to this? should cut loss or hold on? btw i vested at 0.71...badly hurt
vested 100 lots at 0.66, now on the queue to sell at 0.72 .. I will see by 2 pm, how many people queueing to sell at 0.72, I might let go at 0.715 also... but this stock up and down many cycle , Avitech is constantly up yesterday, step by step, this MAP more challenging, must play pysco games !
Yesterday, Avi Tech was stuck at $0.67 but after that cheong to $0.75 within 1 hour.
Likewise, Map tech will soon cheong up
Cheong AHHHHH... t o 0.8
looks like it is hard to break resistance at 0.70 lei
Fly to 0.8 or more..
Map Tech,
Fly, soar to the sky!! Like Ultraman.
looking at Avi-tech and the previous Wanxiang....
This counter is going to fly!!!!!!! Hope it will be as good as Avi-tech
just my guess, could be very wrong. opening px at 66c. could retreat to 62c then move up again to 70c ++.
Good luck to those vested.
Views from any guru?
Is this going to perform as good, if not better, compare to Avi-Tech?
both have almost the same times over-sub, almost same PE, in similar sector, but different technology.
Any idea who are the BBs in this?
@%#@%@ another $2 kana eat
Based on the total Invitation size of 76,500,000 New Shares and the total valid applications amounting to 1,041,645,000 Shares (comprising valid applications received for 968,267,000 Offer Shares and 73,378,000 Placement Shares), the Invitation was approximately 13.6 times subscribed.
Range of Offer
Shares Applied For Balloting Ratio
No. of Offer Shares Allotted
per Successful Applicant
Percentage of Total No. of Offer
Shares Available to the Public
No. of Successful
Applicants
(?000) (?000) (%)
1 1 : 88 1 0.6 20
2 to 9 1 : 88 1 1.4 44
10 to 49 3 : 88 2 16.1 252
50 to 99 4 : 88 3 8.6 89
100 to 499 7 : 88 6 51.5 268
500 to 999 10 : 88 7 7.4 33
1,000 and above 20 : 88 8 14.4 56
100.0 762
Background:
Map Technology Holdings Ltd is an integrated data storage service provider. Their principal businesses are categorized into three broad business divisions and are as follows:
-
Manufacture and sale of precision stamping products;
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Provision of EMS solutions;
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Manufacture and sale of die cut components.
The Groups subsidiaries Min Aik Precision Industrial, Art Craft Technology and M&J technologies each specialize in one of the business segments. By participating in the design with customers for design optimization and providing specialized support, Map Technology Holdings has very strong relationships with its customers such as Western Digital and BMS Technology.
As at the Last Practicable Date Map Technology Holdings has:
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24 precision stamping presses, two tumbling lines and two EN- plating lines which make up the integrated production line for precision stamping products.
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Maximum production capacity is at 120 million sets of VCM plates as at FY 2006.
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In relation to EMS solutions, there are seven conveyor lines capable of producing 1,300,000 EHDDs per month.
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In addition there are three die-cut machines capable of handling up to 7 million die ?cut adhesive pieces per month.
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The total manufacturing gross floor area of these three separate facilities is 14,534 sqm.
FYI: MAP Tech's is closing on July 24, 2007 (12 noon-Tues) got BBs support.
SINGAPORE (Thomson Financial) - Hard diskdrive (HDD) component supplier MAP Technology Holdings Ltd said it has launched its initial public offering of 76.50 million new shares, priced at 32.0 Singapore cents each.
The IPO comprises a placement tranche of 73.50 million shares and a retail tranche of 3.0 million shares.
Upon listing, MAP Tech's major shareholder Taiwan-listed Min Aik Technology Co will hold a 50.7 percent stake in the company.
The company will use the estimated net IPO proceeds of 21.10 million Singapore dollars to expand its production capacity as well as to fund potential acquisitions and joint ventures.
MAP Tech, which counts Western Digital and the Min Aik Technology group of companies among its customers, posted net profit of 5.83 million US dollars in 2006 compared to 2.26 million dollars in 2005.
Its IPO closes on July 24 and trading is expected to begin July 26.
(1 US dollar = 1.51 Singapore dollars)
For Invitation Statistics...See page 37...is 8.2x it PE Ratio.
Some BBs maybe supporting it. Worthy to subscribe, but don expect too much. Wait for further news will be better.
3 mil for public
73.5 mil for placement
Total 76,500,000 shares is on offer
Closing on July 24, 2007 (12 noon-Tues)
Trading expected is on July 26, 2007 (9.00 am)
(See page 19...)
