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http://pdf.reuters.com/sgxnews/sgxnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20101130:nSNBU21881
 Overallotment_30_Nov_10.pdf |
See page 28 for more info...Our Share price may decline or be volatile in the future.
The price of our Shares after the Offering may fluctuate widely and rapidly, depending on many factors,
some of which are beyond our (their) control, including:
• perceived prospects for our business and operations, and the component engineering and
manufacturing industry in general;
• differences between our actual financial and operating results and those expected by investors and
analysts;
• changes in analysts’ recommendations or perceptions;
• changes in conditions affecting the component engineering and manufacturing industry, general
economic conditions or stock market sentiments or other events and factors affecting us and our
customers, suppliers and competitors;
• changes in market valuations and share prices of publicly-listed companies with businesses similar to
us;
• liquidity of the market for our Shares; and
• broad stock market price fluctuations.
As such, our Shares may trade at prices significantly below the Offering Price.
Our NAV per Share immediately after the Offering may be significantly less than the Offering Price and if
so, you will incur immediate and substantial dilution.
The Offering Price may be substantially higher than the net asset value (“NAV”) per Share immediately
after the Offering. Therefore, purchasers of the Offering Shares may experience immediate and substantial
dilution in the NAV per Share of the Shares they own. See “Dilution” for a further description of the extent to
which subscribers and purchasers of our Offering Shares may experience dilution.
2.1.1 Prospectus of Amtek Engineering Ltd dated 24.11.2010.PDF
In connection with the Offering, the Vendor (Amtek) has granted to the Stabilising Manager an over-allotment,
option exercisable in whole or in part by the Stabilising Manager, on behalf of the Underwriters, on one or
more occasions from the Listing Date until the earlier of
(i) the date falling 30 days from the Listing Date or
(ii) the date when the Stabilising Manager or its appointed agent has bought on the SGX-ST, an aggregate of
30,000,000 Shares (representing 15.0% of the total Offering Shares) in undertaking stabilising actions, to
purchase up to an aggregate of 30,000,000 Shares (representing 15.0% of the total Offering Shares) at the
Offering Price solely to cover the over-allotment of the Offering Shares, if any.
The exercise of the Overallotment Option will not affect the total number of issued and existing Shares
"HIT AND RUN" that will do!
des_khor ( Date: 30-Nov-2010 01:14) Posted:
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Announcement_Of_Dealer.pdf
Morgan Stanley Asia (Singapore) Securities Pte Ltd is appointed as stabilizing mgr.
Maybe will surprise everyone here as most punters still prefer overprice stocks !!
Awaiting to see how many brave hearts, die hard fan Amtek got, die, die very hard.
It's a norm that company will release some "good news" to attract ppl to buy their share due to poor response.
The company was privatised in Aug 2007 by Standard Chartered Private Equity and CVC Asia at around $0.69 per share versus the listing price of $1.30.
Revenue for the year ended 30 June 2010 is US$638m and net profit after tax is US$21.682m. The EPS was US 4 cents and that is approximately Singapore 5.16 cents. That translate into a historical listing PER of 25! . The NAV per share is only $0.29 versus its listing price of $1.30. That translate into a 4.5x price to book.
Let's see how this stock perform on 1 Dec.
Pl. continue to add on the list.
AnthonyTan ( Date: 29-Nov-2010 09:24) Posted:
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Amtek IPO...Closed liao today Nov 29, 2010 at 08:00 AM, finally settled liao.
Let watch how many brave heart subscribe ?.
It will be slightly 'oversubscribed' - but don't trust these figures. Everything relating to Amtek ipo is faked.
SES is grossly negligent for passing this ipo when public monies are being conned.
candle ( Date: 29-Nov-2010 10:01) Posted:
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will see how many braved souls after IPO closed later.
IPO
Mewah $1.10, now $0.995
Sabana reit $1.05 now $0.995
This principle still apply to me.
AnthonyTan ( Date: 29-Nov-2010 09:00) Posted:
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Read from some others forum. CNA - wow.. buy cheap then sell high to stupid investor.. wat a nice way to earn $$. Let's see how many fools snap it up.
http://forum.channelnewsasia.com/viewtopic.php?t=387410&postdays=0&postorder=asc&start=0
Amtek, now this? Singapore's UTAC seeks relisting, $600 mln IPO -sources
* TPG, Affinity seeking to sell part of UTAC in IPO-sources
* Merrill, UBS handling the IPO, likely in Q1-sources
* UTAC leveraged buyout was just when credit crisis began
(adds detail on deal size, background on loans)
By Saeed Azhar
SINGAPORE, Sept 20 (Reuters) - Microchip tester United Test and Assembly Center (UTAC), which was taken over by buyout firms TPG and Affinity Equity Partners in 2007, is seeking to relist in Singapore in an IPO worth as much as $600 million, sources said.
Only the die hard will want to buy in... die very hard indeed...
If Amtek fails badly on it's re-listing, most of retail investors probably kiss this goodbye as well... I won't even touch if it opens 20% off IPO price. May consider if under 50%...
You can bluff others but not me.
THINK OF THE FOLLOWING:-
If a pte co. is making money, they will keep the money
for themselves. Why should they go public again and
share the profit with investors. hahaha
This Amtek ipo is mean for BBs left hands, pass it to right hands, If oneself wish to join in for punting is okk, but surely oneself can punt at lower trading price from day one. Still BBs make money, simply B'cos this allow the owner to buy at even cheaper prices from open market (after collecting at $1.30c from bankers and definately not from me), after all those big ipo-ing BBs got plenty of money to spare and collect cheaper, in thousand of lots, we can't....we get suck in and get burnt.
Oneself can ask ?., weather i say it truth or not . .
What if it happen just like Sabana Reits ipo, open low low at 0.99c, then start buying up to $1.03c.
Assuming this Amtek fail to be fully subscribe, and say open at e.g oni - open at a dollars and ten cents, then chase up to $1.15c, before dropping to a dollar o five cent ($1.05ct), best - dun touch, dun short and dun buy.
Just dun do anything to touch and burnt oneself hands for nothings
Dun touch, dun touch and dun touch
Note is NAV is at 4.5x, else where it oni 1.5x to 2.5x at most (read from some others forum)
Anyone going for it ?, want to buy new car worth $88,000, for a price tag at $395,000