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IPO - China Farm Equipment (CFE)

How to increase chances of getting the ipo?

Is it true that if i apply 5 is higher chance than 2 even if under 2-9 lot catergory?

What about the timing...just before the close of ipo is better?

My previoud ipo applications have always been unsuccessful since ouhua, swiber, plastroform...frasers ct..etc...

 

4min more to apply...my guess the open price will be 16cts? hee...shortists mah :D

 

maybe we should guess what the opening price.... i think it open at 56c... (just a guess :p)

any more guess....

 

teeth, I just got to read this post this morning. Alamak I didn't know the maths probability behind!  I already vested 5 lots at 1 go last evening. :o(

 

Hurry...last 4.5 hours to sub......last chance fast closing on...ipo at 34.5c, isit going to spring a surprise!!!, hotter then Unionmet / Sunvic ?. and or even CitySpring recent closing. 345c going 68.10c (100%) or 85.15c (150%). anybody guess, i really can imagine.:)

 

Ooop._. Typing err.. Hi Fortunegal,

Can U spread d other spare $$$ into another 2nd chance!!, if U can (U got 2 chances, another two lots), it must come with a cdp a/c to try at atm. Yahh. Kena (1 lot) get U kopi $$$ in 3 digit nos, min$100/-. 

 

Hi Stone+,  vested mean what ?. U got 5 lots in ur bag oredi isit ?. If that is so , then congrat... to U. Likely .8 to 1.5k paper profit liao.



Hi Fortunrgal,  Wish U luck, try two lots, (lucky kena-1) if not can try 10 (lucky kena-2). something like that, kopi $$$ is it 3 digit nos.

 

from other forum ...this seem to be good IPO ...may behave like SunVic open above IPO price and move steady all the way (dont ask me where it stop, no idea)

vested......some LOTs here

for those who have not tikam at the ATM do so...still have some time :)

 

teeth53, thanks. I will try my luck at the ATM later. :)  But I can only try 5 or 6 lots, so wouldn't pin too much hopes first.

 

vested ^^ good luck to all

 

Hi teeth53, thanks for your sharing. I invested liao.

 

Chech the different and U decide,. Yahh Ur $$, ur decision. mfg of diesel engine and cutters/dusters. isit in different league??.

teeth53	Posted: 04-Feb-2007 18:25
	Here to compare w/ China Farm. C below FYI: tink tink, any different in their mfg products

 

This IPO also can ar?

 

Oredi done so at ATM machine liao. Subscribe ahh.......

 

Here to compare w/ China Farm.

C below FYI: tink tink, any different in their mfg products

Zhongguo Powerplus is principally engaged in the design, manufacture and sale of hand-held agricultural equipment, specifically, hand-sprayers, mist-dusters and brush-cutters. End-users of its products include garden, farm or plantation owners, landscaping companies, gardens, parks and forestry maintenance companies or entities.



China Farm Equipment (CFE) is engaged in the design, development and production of farm equipment (combine harvesters, plough machines and components) and diesel engines. Currently, it manufactures five models of combine harvesters and one model of plough machine under the brand "Dragon Boat" and 21 models of diesel engines sold under the brands

 

Pending. Is comfrimed Unionmet ipo is so v.hot, so is SunVic ipo over subscription rate and now for China Farm Equipment ipo $0.345c and CitySpring ipo at $0.89c. (Just my personnal opinion). CFE and CitySpring share px shd last a long time to come at this offer rate px.

China Farm Equipment (CFE) is engaged in the design, development and production of farm equipment (combine harvesters, plough machines and components) and diesel engines. Currently, it manufactures five models of combine harvesters and one model of plough machine under the brand "Dragon Boat" and 21 models of diesel engines sold under the brands "Dragon Boat" and "Binhu". Its overseas markets include Vietnam, Myanmar, Cambodia and Bangladesh.

 

Extracted:

China Farm Equipment Ltd
Issue statistics:
Offer size: 62.0m new shares
Public Tranche - 3.0m shares
Placement Tranche - 59.0m shares

Price: S$0.345
NTA per share (post-IPO): S$0.1053
Historial PE: 8.5x (FY05)
Market Cap (post-IPO): S$83.49m
Open: 31 Jan 2007
Close: 7 Feb 2007, 12.00noon
Trading: 9 Feb 2007 (on "ready" basis)
Lead Manager: SAC Capital

China Farm Equipment (CFE) is engaged in the design, development and production of farm equipment (combine harvesters, plough machines and components) and diesel engines. Currently, it manufactures five models of combine harvesters and one model of plough machine under the brand "Dragon Boat" and 21 models of diesel engines sold under the brands "Dragon Boat" and "Binhu". Its overseas markets include Vietnam, Myanmar, Cambodia and Bangladesh.

Revenue                   Rmb'000                  yoy % chg
FY04                         156,125                    +133.7
FY05                         236,474                    +51.5
Net profit                 Rmb'000                   yoy % chg
FY04                        13,150                       +24.4
FY05                        33,906                       +157.8

After deducting listing expenses of about S$3.6m, net proceeds approximate to S$17.8m. The directors intend to apply the net proceeds as follows:
a) S$7.5m for investment in additional plant, machinery and production facilities for business expansion.
b) S$2.5m to enhance R&D capabilities.
c) S$1.0m to expand sales and marketing network.
d) The balance (S$6.8m) is to be used as working capital requirements for existing operations and post-expansion, and to fund acquisitions, JVs or strategic investments when opportunities arise.

 

Dear Expert,
Is CFE worth to invest with?