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not applying for me.
any tips from teeth ??? :)
Personally, i think this is bad timing for IPO. But who knows if CPI or inflation keep hitting history high, singaporean may skip the more expensive chicken rice and opt for curry puff daily. This definitely will make this counter an attractive option.
"Though we eat curry puff, we must eat 'branded curry puff', okay!"
I think better save the $2 transaction aka application fees to buy 2 curry puffs to eat for now and wait for grey market price ie: open market to determine whether to place my hands on it.
No one now know whether it will go southbound or otherwise when it open.... Good luck to all investor / bidder..
Love their curry puffs though, Enjoying it rite now.. cheers
if punters want to punt on this counter, it will fly.
i always hope for the best ya?
haha, anyway, i ballot for it. cross all fingers
Oops, how did the 25M become 5M? Correction!
yongliang168:
If your TP is correct, not bad!
Out of the 25 M shares, 1.5M reserved shares for employees, etc.
Anyway, with just 5M (or minus the 1.5M), what are the chances?!
i forsee opening about 0.25 to 0.27, i believe their curry puffs are going to get expensive soon, wonder thier staffs gets stock options or not?
OCK not only sells curry puffs dah... notice business in the east is quite good too. But then, i still SSLL before i vest.
just felt that they dont have a gd story to tell....agreed with Onesharer
PE appears low.
But even with more outlets in Singapore, how many more curry puffs can a person eat?
Afterall, there are other healthier alternatives, too.
if got profit from OCK still gd...can buy curry puffs to eat...personally i dun see thing counter really attractive...might probably be the penny stock of all penny stocks...
like what i say... profit only a few plates of chicken rice or fish head soup
Old Chang Kee aims to raise gross proceeds of $5m for its expansion plans. Its 25m new shares are priced at $0.20 each. Based on FY06 net earnings of $3m and net EPS of $0.0444 cents, the offer price is at a historical PER of about 4.5x.
A household name for decades, Old Chang Kee runs 54 retail outlets in S'pore, 2 in Kuala Lumpur and 3 in Chengdu, China. It has 4 franchise outlets in Jakarta and 2 others in Manila.
Old Chang Kee has budgeted $1m from the IPO proceeds for its overseas expansion in China's Chongqing and sites in Australia. The group is also setting aside $1 million to increase and refurbish its retail outlets in S'pore.
The public offer of 1m new shares closes at noon on Jan 14. Expected to start trading 2 days later.
thanks OneSharer...$1.67 mil for invitation expenses? wow, that must be for entertainment expenses (e.g. cars for directors, KTV session, etc). Not really good for the company if they are going to spend 33.4% of their raised capital.
Old lady as a passenger? that is weird...usually is young and beautiful girls as passengers and the driver is usually old man.
Oops, I mean "passenger".
tanglinboy:
$1 M for overseas expansion;
$1 M for increase & refurbish Sing retail outlet;
$500K for expansion;
$830K for working capital;
rest, invitation expenses.
Since Sing has over 50 retail outlets, still wonder about listing....
BTW, is there a historical origin to the term "tanglinboy"?
mike8057d: No ferrari listed
. Agree that old men do seem to drive really nice cars! Cos can finally afford? Seen a yellow sporty BMW once (Impressive!), an old lady came out from the passager's seat and an old man from the driver's.
good food is all around lar...and the older generation of Singaporeans r attached familiar with this brand...so probably the aunties and uncles will support this IPO...imagine during their coffee gathering session at a kopitiam eating curry puffs and squids...proud to have have bought OCK shares
If you own OCK share, they might give you a 10% discount card.
