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Blog on Cash Max IPO - http://kissinvesting.blogspot.sg/2012/06/maxi-cash-ipo-to-buy-or-not.html
Blog says:-
The Pros:
- Well established market position (13%) of the whole industry 24 locations islandwide near amenities such as Bus Interchanges and Mrt Stations.
- Strong Brand Name - thats why all the people in the forums are talking about it!
- Experienced Management Team in Jewellery Industry Parent company is aspial corporation too.
- Different Feel - A " bank-like" modern feel sets it apart from its competitors & thus, more likely to attract youngsters and business people.
- Anti-cyclical industry -
People poor people have to pawn = Earn Interest!
People rich people buy jewellery = Earn Capital gains!
The Cons:
- Short period of time from startup to listing (not enough time to analyse it thoroughly)
- Stigma against such slow moving stocks where Operations are in Singapore (Old Chang Kee, Mary Chia etc)
- 33% Premium to NTA -> Fundamentally overpriced
- Subject to Gold, Jewellery asset prices + low interest rate changes
- Competitive environment with many old established pawnshops around.
An Independent Opinion
I think despite the global woes, Maxi Cash is a well-known company and the price may soar in the first few days.
I will rate it as a short term Buy and Sell within days or even 1 day
because of many uncertainness behind it + everyday you may have bad
news from whichever region that will come crashing down the stock.
Info notice giving to try oni at ATM. Don know got luck or not? congra....Good to STAG.
Verdict for Maxi-Cash = " STAG" - Vote: 2/2 
Overpriced @ 30cents in my opinion.
Pump and Dump on first day if you are allotted.
Good Luck :p
Good Good ... the more the merrier.... good luck dowcog, hope you are allotted .... Chiong and Huat ar!!!!!
I keechiu... i got balloted.. Hope got get.. 2molo i chk.. lol
Friday commence trading....
Hey! Teeth53 so good to see you here. Forumite xing78 wants to know if there is any taker... I knew you will be one of the IPO chap here.
Hope you HUAT big time with this....
Sure. This one got kopi $$$....good to STAG...Happi Trading.
any taker for this IPO????
Latest News (REUTERS)
Maxi-Cash braves market with S$16.8m IPO
04:45 AM Jun 13, 2012
SINGAPORE - Maxi-Cash Financial Services is set to be the first pawn broker to debut on the Singapore bourse as it launched an initial public offering to raise S$16.8 million despite weak markets.
Maxi-Cash said yesterday it is selling 56 million new shares at S$0.30 each and aims to list them on the Singapore Exchange's secondary Catalist board. Trading is expected to start on June 22.
Several large companies have pulled their planned IPOs on Asian bourses in recent weeks as concerns about the euro zone crisis and global growth hit markets.
Maxi-Cash has a network of pawnshops and retail outlets in Singapore and reported revenue of S$87.7 million in 2011 fiscal year, up from S$54.9 million in 2010 and S$10 million in 2009. It is a subsidiary of Aspial, a Singapore jeweller and property developer.
Canaccord Genuity Singapore is the sponsor, underwriter and placement agent for the IPO.
REUTERS
Aspial is not under James
The way they later ignore GPH now 24cts below ipo 26cts....may apply to this latest ipo whose parent co Aspial which is realted to Fragrance both under Mr Koh Wee meng...still better to buy Fragarnce even at these prices...???
Looks like worth collecting..judging from a friend who bgt recently even at these prices
| Fragrance | Buy | 12/06/12 09:38am | 12/06/12 09:49am | 92,000 | 0.475 | SGD43,700.000 | Transacted | |
| 2 | Fragrance | Buy | 11/06/12 09:37am | 11/06/12 05:16pm | 5,000 | 0.460 | SGD2,300.000 | Expired |
| 3 | Fragrance | Buy | 11/06/12 09:36am | 11/06/12 05:16pm | 90,000 | 0.460 | SGD41,400.000 | Expired |
| 4 | Fragrance | Buy | 08/06/12 02:46pm | 08/06/12 05:08pm | 7,000 | 0.455 | SGD3,185.000 | Transacted |
http://www.sgx.com/wps/wcm/connect/80e501004b5e88dd8c069f5aead840c8/Maxi+Cash+Final+Offer+Document+dd+12+Jun+2012+%28clean%29.pdf?MOD=AJPERES& CACHEID=80e501004b5e88dd8c069f5aead840c8
Mkt capitalisation S$ 88.8 million. Issue Price and Company’s post-Invitation shr cap of 296,000,000 Shares.
MORATORIUM - Aspial holds 240,000,000 Shares (representing 81.1% of Coy’s post-Invitation share cap), has undertaken not to, directly or indirectly, offer, sell, contract to sell, realise, transfer, assign, pledge, grant any option or right to purchase, grant any security over, encumber or otherwise dispose of, any part of its share holdings in the share cap of our Coy immediately after the Invitation (adjusted for any bonus issue or sub-division of Shares) for a period of six (6) mths commencing from the date of admission to Catalist, and for a period of six (6) mths thereafter, not to, directly or indirectly, offer, sell, contract to sell, realise, transfer, assign, pledge, grant any option or right to purchase, grant any security over, encumber or otherwise dispose of, more than 50.0% of its original shareholdings (adjusted for any bonus issue or sub-division of Shares).
teeth53 thot: (STAG) Becoming a shareholder?, pawnshops and retail outlets in 24 locations in S'pore which are predominantly strategically and conveniently located near amenities such as bus interchanges and MRT stations.
#Maxi-Cash: registers IPO for Catalist listing.
Invitation for 56m new shares at issue price of $0.30/sh, with 2.25m shares by way of public offer and 53.75m placement shares.
Maxi-Cash offers financial services in the form of pawnbroking and the retail and trading of pre-owned jewellery and watches. It has pawnshops and retail outlets in 24 locations in Singapore.
Canaccord Genuity is the sponsor, underwriter and placement agent.
Indicative timetable for listing:
20 Jun, 12pm: close of application list
22 Jun, 9am: commence trading
Invitation for 56m new shares at issue price of $0.30/sh, with 2.25m shares by way of public offer and 53.75m placement shares.
Maxi-Cash offers financial services in the form of pawnbroking and the retail and trading of pre-owned jewellery and watches. It has pawnshops and retail outlets in 24 locations in Singapore.
Canaccord Genuity is the sponsor, underwriter and placement agent.
Indicative timetable for listing:
20 Jun, 12pm: close of application list
22 Jun, 9am: commence trading