IPO
Marco Polo Marine IPO..28ct
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21-31 of 31
potential to be like ezra... some similarity; both lee, young ceo 30+, graduate fm australia. i applied 100lots
Thank you, Peter. Will try my luck....
Marco Polo launches Singapore IPO
SINGAPORE 29 October ? Shipbuilding, repair and ship chartering company Marco Polo Marine plans to raise nearly S$15M ($10.3M) from an Initial Public Offering to fund expansion of its Batam yard. Part of the proceeds from the IPO, which was launched on Saturday, will be used to purchase ?bigger vessels?, financial director Jackie Chow Choi Fun told Fairplay. Fleet expansion includes acquisition of two AHTSs of 5,500 hp each. A total of 53.5M shares will be issued of which 3.8M shares will be offered to the public with the rest allotted to institutional investors. Shares, which will be priced at S$0.28 ($0.19), will be listed in Sesdaq or the secondary exchange. Marco Polo builds tug boats and also undertakes conversion and repair work. The offer is open until 1 November and trading will begin on 5 November. The company recorded a net profit of $3M for the first six months ending March 2007. Group turnover more than doubled from $4.5M to $11M from 2006 figures.
Lloyd's Register - Fairplay web links
May I know when is the closing date for applying the IPO please . Thank you.
Going for 10 lots~! All the best guys:)
Vested 100 lots to see how many i get. All the best in balloting!!!!! Cheers
Cheong Ahhhh!!
Going to try 20 lots . Try ! :) Anyway most IPO seems good these day... All making profit from IPO till listed.
with current positive sentiment in marine stocks, this should do well too upon debut.
only issue i see is the company is staffed with many related family members holding key positions. you have father, mother, son, daughter, son-in-law and brother-in-law, etc inside the organisation. the best talent will not come join such a company but such is the case in many family owned businesses anyway. when you attend their AGM, it's like a family gathering.. huh-huh.
but anyway, most of us are short term players so cheong ah...
Small mkt cap...
Market capitalisation: $74.97 million
Our market capitalisation based on the post-Invitation share capital of 267,750,000
Shares and the Issue Price of $0.28
A marine services and ship building player. Think is worthy to subscribe.....
INVITATION STATISTICS ........................................................... 44
It PER ratio 11.8 times it earning.....A reasonable play, might be targeting it TP at 43-56c range....pending how hot is this IPO-ing stock. Just my tot, ur decision, ur $$$.
| Offer Type: |
Shares |
Status: |
Registered |
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Company: |
Marco Polo Marine Ltd. |
Lodged Date: |
27/09/2007 |
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Underwriter: |
UOB Asia Limited, UOB Kay Hian Private Limited |
Registered Date: |
26/10/2007 |
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Issue Manager: |
UOB Asia Limited |
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List of Associated Documents |
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