IPO   

Tiger Air sets IPO price range of S$1.35-S$1.65/sh

I'll give a miss. Maybe SIA is better.

BTW, WB never buys airlines. By probability, they normally lose money.

 

Ha ha, ok sifu, tks for d good advice. Forget about ds burger liao. Cheers.

freeme      ( Date: 13-Jan-2010 20:56) Posted: airline biz hard to do.. competitive.. n tiger lose out to other budget airline also now.. as musicwhiz mentioned, keep losing $$.. i dun see it will turn ard any sooner.. buy at risk.. so many good undervalue counters ard.. no point buy for the seek for ipo!

 

airline biz hard to do.. competitive.. n tiger lose out to other budget airline also now.. as musicwhiz mentioned, keep losing $$.. i dun see it will turn ard any sooner.. buy at risk.. so many good undervalue counters ard.. no point buy for the seek for ipo!

 

Comrade, tks for d insight of ds burger. If these r true, how $1.35-$1.65 px attract investors?

Ha ha, will monitor d situation until it is much clearer before deciding whether want to get involve d IPO or not?  Cheers.

musicwhiz5      ( Date: 13-Jan-2010 19:39) Posted: Prospectus just registered with MAS. It's the first IPO I've seen WITHOUT stating revenue, earnings and EPS CAGR for past 3 years. Only operational improvements are shown. WHen I dug deeper into the numbers - shock shock horror horror ! Income Statement shows 2 out of 3 years net losses, with operating losses to boot for 2 years. Balance Sheet shows net liability position - essentially insolvent. There is also a persistent net current liability position and accumulated losses. It's a terrible Balance Sheet, like watching a horror movie. Cash Flow Statement shows -ve operating cash flows for 2 out of 3 years, and most of the "growth" was funded by financing cash flows. Read the RISK FACTORS section of the prospectus carefully. Just based on those few pages, it's enough to tell people to AVOID.

 

Prospectus just registered with MAS. It's the first IPO I've seen WITHOUT stating revenue, earnings and EPS CAGR for past 3 years. Only operational improvements are shown.

WHen I dug deeper into the numbers - shock shock horror horror !

Income Statement shows 2 out of 3 years net losses, with operating losses to boot for 2 years.

Balance Sheet shows net liability position - essentially insolvent. There is also a persistent net current liability position and accumulated losses. It's a terrible Balance Sheet, like watching a horror movie.

Cash Flow Statement shows -ve operating cash flows for 2 out of 3 years, and most of the "growth" was funded by financing cash flows.

Read the RISK FACTORS section of the prospectus carefully. Just based on those few pages, it's enough to tell people to AVOID.

 

Give the IPO a miss... Look at the rest of the listed budget carrier.. (all under perform)...

Tiger still need alot of cash for the new planes after this IPO still... Not much div for this stock... Need to wait very long to see good result

Unless temasek wants to push the stock, but cannot think of good reason for it to push the market value of Tiger at this point in time.. Risk for short term punt is high. (risk vs reward not favorable)

yozuri      ( Date: 13-Jan-2010 17:46) Posted: Any views of the IPO?

 

Any views of the IPO?

 

 

 Date and Time Event

13 January 2010, 5.00 p.m. Opening date and time for the Singapore Public Offer
18 January 2010, 8.00 a.m. Closing date and time for the Singapore Public Offer
22 January 2010, 9.00 a.m. Commence trading on a “ready” basis

Applications for the Shares may be made through:

• ATMs of DBS Bank Ltd. (including POSB), Oversea-Chinese Banking Corporation Limited and United Overseas Bank Limited and its subsidiary, Far Eastern Bank Limited (“UOB Group”),
• Internet banking websites of DBS Bank Ltd. and UOB Group, or
• Printed application forms which form part of the Prospectus. 

 

 

hi all, does any1 have additional information on this ipo?

 

SINGAPORE, Jan 6 (Reuters) - Singapore's Tiger Airways has set an indicative price of S$1.35 to S$1.65 a share for its initial public offering to raise up to S$273 million ($195.7 million), according to a term sheet seen by Reuters.

Tiger, whose shareholders include Singapore Airlines (SIAL.SI) and state investor Temasek [TEM.UL], is selling about 30 percent of its enlarged share capital to raise funds for aircraft purchases and to pay off some of its debt.

Tiger's investment roadshow begins on Wednesday and the pricing of its share is scheduled to take place on Jan 16.