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Ya....but....they have already shorted before it even start trading. And waiting for you to short so that they can cover back. This is really sure-win lucky draw for them.
nickyng ( Date: 27-Nov-2010 07:38) Posted:
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In others word.
They need money badly to roll over, to pay off debt and of course, wanted as well to pocket public money.
See as you wish, if oneself wanted to support, give your support then,
I can oni say is wrong timing, wrong target, wrong people's and wrong place.
Summary it up, everything is not right for this ipo-ing.
If it is private, they can eat all the money they want - now current share holders wanted badly to eat public money, so as to continue eating and pocketing more into their personnal money machine.
Amtex CEO. Mr Daniel Yeong Bou Wai like that Si Bei Chait lat liao.
7) Besides paying themselves a US$100mil dividend , the Vendors has an outstanding loan of US$52.7 million from Amtek, which the Vendors will repay to Amtek using the IPO proceeds. Meanwhile, in the past 3 years Amtek paid about US$10mil annually in financing charges to the banks. Is it a coincidence that Std Chartered is one of Amtek's 2 main bankers?
8 ) The CEO and CFO both joined after the privatization, i.e. this Amtek is not led by the A-Team that brought Amtek to where it was. I counted at least 5 other senior management people whom the CEO took with him to Amtek from GES. Interestingly. (Former GES - GM).
The CEO (himself) got a pay jump from at least S$1mil in 2009 to at least S$1.75mil in 2010 even though Amtek made a loss in 2009 and only recovered slightly in 2010. Oh, by the way, the CEO owns 8.2% of the vendor that is selling the shares.
Let see how ?, those Angmo hold this baby for Daniel Yeong.and companies
starbugs ( Date: 20-Nov-2010 10:06) Posted:
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They screw up and paid $1.10 for every share previously. So profit only < $0.20 per share.
teeth53 ( Date: 26-Nov-2010 23:36) Posted:
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Like that ahh...pay more $1.01ct per thousand share, imagined - 200,000,000 million shr on offer.
200,000,000 x 1.01ct (net profit) = pocket $202 million dollars liao. If wrong - pls correct me.
One very important thing, NAV only 29cts. You pay extra $1.01 per share.
It is like paying $358K for a $80,000 new car.
WOW, I am not going to pay for their mistake man.........
Sabana submarine on 1st day - opened at 0.99c, (guess keep for dividend those who's vested.)
This one Amtex ipo offering at $1.30c, lagi chiat lat liao, sure submarine deeper liao, when not many subscriber subscribe to d 20 million shares (public) and or under subscribe 180 million (placement)
des_khor ( Date: 26-Nov-2010 13:54) Posted:
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soloman ( Date: 26-Nov-2010 12:47) Posted:
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epliew ( Date: 26-Nov-2010 10:45) Posted:
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Re-fresh - While information is always distinctively late and trading always coming in fast and ferocious at the fore. Forming very own decision wisely is as difficult as finding a pin in the ocean. When oneself is in d picture, it can always as good as not been able to tell what is good, bad or ugly. it is always human, to error...the less prone mistake decision make, the better.
In others word - stay outside of the picture and can see more or less, the truth self of it.
teeth53 - just my personnal opinion, as there r as many others may have alot differentiating it as well.
(To each it own, hope oneself chose d right choice...Happy trading..Ya.)
TALKING ABOUT DOUBTFUL IPOS HERE ONLY AND NOT ANY STOCK SPECIFICALLY :
NORMALLY IF ANY IPO IN DOUBT - BEST DON.T TOUCH
LET SUBSCIPTION FALL BELOW AND THEY FOOT THE REST OF ISSUE
THEN LET PRICE PLUNGE TO 1 CT SO THAT NO RIGHTS ISSUES CAN BE DONE TO CON PEOPLE
(MANY IPOS IN MKT NOW TRADING 0 TO 5 CTS CAN YET ISSUING RIGHTS AFTER RIGHTES TO CON PEOPLE..............)
teeth53 ( Date: 25-Nov-2010 23:59) Posted:
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Ya, you should not short as this help to let the underwriters make more money.
While the IPO is $200M, the issuer banks actually sold 200M +30M = $230M shares. In other words, they already shorted before the counter is listed.
And either way they win, if underwater, the delta is the extra profit. If above water, they exercise their rights to be $30M share to cover from the company, this will increase the IPO size.
So Jackpot2010 said is so true.......
Jackpot2010 ( Date: 25-Nov-2010 22:41) Posted:
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News from HK....Amtek cuts IPO size
http://www.financeasia.com/News/239687,hong-kong-listings-called-off-while-amtek-cuts-ipo-size.aspx?refresh=on
Meanwhile, in Singapore, Amtek Engineering downsized its IPO after the institutional demand was deemed to be insufficient.
which obviously begs the question ? of why ? this is a good time to buy when the original shareholders are divesting. The shares were sold by an entity owned by Standard Chartered Private Equity, CVC Capital Partners and the company management, which teamed up to buy the company in 2007.
At the time of the listing, Standard Chartered Private Equity and CVC will each own 28.3% of the company, while the management will hold a combined 5.3%. Shareholders who participate in the IPO will own 36.8%.
The IPO price was fixed at the bottom of the S$1.30 to S$1.60 for a total deal size of S$260 million ($200 million). The final price values the company at 8.3 times its 2011 earnings.
Divesting or pocketing by selling at higher prices ?.
Good time ? - with Euro PIIGs, with China / HK curbing it hot properties speculation and with North/South artillery firing @each others.
Ha ha IPO at 1.30 at current global market situation, esp in EU, cum d impending NK initiate attack of SK.
CPFIS somemore, big wok, diluted d chances for shortiest liao, though most sifus recommended dun short ds burger.
Hope uncles n unties hold tight on their CPF loh.
I agree with the part on not shorting. Retail investors have only 20mil shares. IPO managers have 30mil for stabilization.
STX OSV also had a similar situation when too many people do naked-short and couldn't cover. SGX tried to buyi n next day, also can't buy back enough.
Just stay away and warn your friends about this..
Jackpot2010 ( Date: 25-Nov-2010 22:41) Posted:
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This IPO got N.M. (it's No Meaning). Why dun they list some where else, not here lah...
where got pple's selling like that one, the more I read through, more "Bo Twee Pee" (Something not right lehh)
Expensive Neber nind then again came from the same flock that they bot over in 2007, and
now 2010, the same pple's is selling even more expensive then before in the name call IPO (on offer).
Beware dun get burnt by been naive, best dun touch. Leave this "hot potato" to d Angmo to hop this baby.
Dun touch dun touch and dun touch
agree
Jackpot2010 ( Date: 25-Nov-2010 22:08) Posted:
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