IPO   

Tiger Air sets IPO price range of S$1.35-S$1.65/sh

Ha ha, fingers a bit itche, but still listen to sifus advice, dun go into d jungle.

 

be prepared to keep on subscribing rights issue to keep it in business for years to come...

 

There is a saying "beat dog also must look at master"...Tiger is owned by SIA and Temasek...they wont let it die or open low..

so IMO, this IPO is still worth while to apply!

 

Tiger becomes cat.

 

Ha ha, on d 12 ds mth,it just announced that they had got d bank loan to pay for d 5 out of 66 A320-200 liners fr Airbus. Delivery  is either ds yr or next, instead of 2016 or later. He he, ds batch of early delivery planes could be d cacellation order by orther airline loh, including d delima on d experiment and production on d A400M military transport aircraft. Airbus need cash urgently to run d biz.

Today, it claimed that d 160mil is meant for paying new planes. But never state how many out of d remaining order of 51. And ds 51 planes would be fully in place by end 2015.

Joke aside, if fr now till 2015,yrly biz still dun absorb higher profit, then ds 160m to pay for d 51 planes would be 3.137m per pcs, so cheap meh?? However, if they are optimistic enough that money earned yrly would be enough to pay for d new planes, arriving yrly,  best wishes loh.

Points to note, DIA n Temasick indicate that they would keep d original stake of 49% n 11% respectively. Today's paper.

Incidentally if over allotment, one coy will release its stake. On d other hand, if under subscrib, not sure DIA n Temasick would help????

Cheers for all devotees on ds thread.

 

Just recently, JAL went bankrupt, now Tiger Airway's IPO.

I will give it a miss...

 

Don't forget that SGX is running a bussiness too.

Make money lah

Hahaha

Andrew      ( Date: 14-Jan-2010 00:46) Posted: Long Long time ago.....only company with 5 years of solid solid track record can list.......then 3 years of solid solid track record can list.....now....as long as you have a document that looks like a balance sheet.....can list. By Fax or photocopy also can, no need to stamp duty at the courts. Last time a company CANNOT anyhow change its core business, if change, the penalty can mean delist. Now....Monday Electronic, Tuesday do coal mining Wednesday change to windpower.....as long as it is trendy lor.... It is in my SOP not to buy these business lor..........BTW, on the tigerair, one of the major investor ind--something will use this IPO to exit this company lor....... WeiQiQi      ( Date: 13-Jan-2010 23:54) Posted: 2 out of 3 years net losses and it is allowed to list? Is SGX doing it's work or simply hungry for listing fees? or simply because Tiger has a rich parent

 

I thought sgx not allow in red company to list here ?? I'll avoid this lo.. who one to buy red ink company??might consider unless price below a dollar ...this one will make SIA laugh all the way to bank!!

 

any DBS treasures member here? did ur RM offer u this ipo?

 

Top of the list .....CHRT (ouch!!!), Cityspring (Haaa....How you count your fees ??)....did I miss any in SIN ?

 

WeiQiQi      ( Date: 13-Jan-2010 23:58) Posted: yep yep... one would never forget the 'performance bonus' charged to cityspring ironically for the 'strong price performance'. After the bad news, cityspring's price never recovered. Was it something like $50m?!! Will history repeat itself? Andrew      ( Date: 13-Jan-2010 23:48) Posted: I second that............just like when I sold my citystring at 1.50 on the opening bell..and many more.heee.............But I will not buy this IPO because...........they are probably the worst airline in Singapore............so many bad news about their standard of service.....my company only fly SIA and Jetstar...........Tiger is banned !!!! So are my friends' company and his friends' company lor.......

 

Long Long time ago.....only company with 5 years of solid solid track record can list.......then 3 years of solid solid track record can list.....now....as long as you have a document that looks like a balance sheet.....can list. By Fax or photocopy also can, no need to stamp duty at the courts. Last time a company CANNOT anyhow change its core business, if change, the penalty can mean delist. Now....Monday Electronic, Tuesday do coal mining Wednesday change to windpower.....as long as it is trendy lor.... It is in my SOP not to buy these business lor..........BTW, on the tigerair, one of the major investor ind--something will use this IPO to exit this company lor.......

WeiQiQi      ( Date: 13-Jan-2010 23:54) Posted: 2 out of 3 years net losses and it is allowed to list? Is SGX doing it's work or simply hungry for listing fees? or simply because Tiger has a rich parent? musicwhiz5      ( Date: 13-Jan-2010 19:39) Posted: Prospectus just registered with MAS. It's the first IPO I've seen WITHOUT stating revenue, earnings and EPS CAGR for past 3 years. Only operational improvements are shown. WHen I dug deeper into the numbers - shock shock horror horror ! Income Statement shows 2 out of 3 years net losses, with operating losses to boot for 2 years. Balance Sheet shows net liability position - essentially insolvent. There is also a persistent net current liability position and accumulated losses. It's a terrible Balance Sheet, like watching a horror movie. Cash Flow Statement shows -ve operating cash flows for 2 out of 3 years, and most of the "growth" was funded by financing cash flows. Read the RISK FACTORS section of the prospectus carefully. Just based on those few pages, it's enough to tell people to AVOID.

 

heard there's strong backup from temask ..... in long run may gain higher dividends per share ...

 

yep yep... one would never forget the 'performance bonus' charged to cityspring ironically for the 'strong price performance'. After the bad news, cityspring's price never recovered. Was it something like $50m?!! Will history repeat itself?

Andrew      ( Date: 13-Jan-2010 23:48) Posted: I second that............just like when I sold my citystring at 1.50 on the opening bell..and many more.heee.............But I will not buy this IPO because...........they are probably the worst airline in Singapore............so many bad news about their standard of service.....my company only fly SIA and Jetstar...........Tiger is banned !!!! So are my friends' company and his friends' company lor........ kenkenken      ( Date: 13-Jan-2010 23:04) Posted: you are absolutely right but...personal take is that share price will surge short term because of the temasak and SIA fever...singaporean will buy whatever shares as long as they are make in singapore instead of good value s-chips...anybody disagree?

 

2 out of 3 years net losses and it is allowed to list? Is SGX doing it's work or simply hungry for listing fees? or simply because Tiger has a rich parent?

musicwhiz5      ( Date: 13-Jan-2010 19:39) Posted: Prospectus just registered with MAS. It's the first IPO I've seen WITHOUT stating revenue, earnings and EPS CAGR for past 3 years. Only operational improvements are shown. WHen I dug deeper into the numbers - shock shock horror horror ! Income Statement shows 2 out of 3 years net losses, with operating losses to boot for 2 years. Balance Sheet shows net liability position - essentially insolvent. There is also a persistent net current liability position and accumulated losses. It's a terrible Balance Sheet, like watching a horror movie. Cash Flow Statement shows -ve operating cash flows for 2 out of 3 years, and most of the "growth" was funded by financing cash flows. Read the RISK FACTORS section of the prospectus carefully. Just based on those few pages, it's enough to tell people to AVOID.

 

I second that............just like when I sold my citystring at 1.50 on the opening bell..and many more.heee.............But I will not buy this IPO because...........they are probably the worst airline in Singapore............so many bad news about their standard of service.....my company only fly SIA and Jetstar...........Tiger is banned !!!! So are my friends' company and his friends' company lor........

kenkenken      ( Date: 13-Jan-2010 23:04) Posted: you are absolutely right but...personal take is that share price will surge short term because of the temasak and SIA fever...singaporean will buy whatever shares as long as they are make in singapore instead of good value s-chips...anybody disagree? musicwhiz5      ( Date: 13-Jan-2010 19:39) Posted: Prospectus just registered with MAS. It's the first IPO I've seen WITHOUT stating revenue, earnings and EPS CAGR for past 3 years. Only operational improvements are shown. WHen I dug deeper into the numbers - shock shock horror horror ! Income Statement shows 2 out of 3 years net losses, with operating losses to boot for 2 years. Balance Sheet shows net liability position - essentially insolvent. There is also a persistent net current liability position and accumulated losses. It's a terrible Balance Sheet, like watching a horror movie. Cash Flow Statement shows -ve operating cash flows for 2 out of 3 years, and most of the "growth" was funded by financing cash flows. Read the RISK FACTORS section of the prospectus carefully. Just based on those few pages, it's enough to tell people to AVOID.

 

i also dun really know but i heard that apply IPO they got some restriction like cannot sell the shares in the first one month... this is to prevent heavy sell down of shares is it truth?

 

You can sell on the opening bell of the first day of trade........But I would suggest you apply for a CDP online account.......Use this to check if you have the share.......the account is FREE........the reason is that results from the bank is conditional.....it is only confirm if you receive the offical slip from CDP......which will take up to 1~2 week to reach you mailbox.....sorry for the writing, the SJ textbox seems broken......

Huhushares      ( Date: 13-Jan-2010 22:54) Posted: IF i apply for Tiger Air IPO ......can i sell de shares within few days or need to wait for one month..... can anyone explain to me if i apply as IPO what is the different buying the shares on the spot ?

 

Correct me if im not wrong.you can sell on the first day.

1.IPO u pay $1.65

2.First day trading depend on what the opening price the IPOees want to sell to you lor.

Huhushares      ( Date: 13-Jan-2010 22:54) Posted: IF i apply for Tiger Air IPO ......can i sell de shares within few days or need to wait for one month..... can anyone explain to me if i apply as IPO what is the different buying the shares on the spot ?

 

you are absolutely right but...personal take is that share price will surge short term because of the temasak and SIA fever...singaporean will buy whatever shares as long as they are make in singapore instead of good value s-chips...anybody disagree?

musicwhiz5      ( Date: 13-Jan-2010 19:39) Posted: Prospectus just registered with MAS. It's the first IPO I've seen WITHOUT stating revenue, earnings and EPS CAGR for past 3 years. Only operational improvements are shown. WHen I dug deeper into the numbers - shock shock horror horror ! Income Statement shows 2 out of 3 years net losses, with operating losses to boot for 2 years. Balance Sheet shows net liability position - essentially insolvent. There is also a persistent net current liability position and accumulated losses. It's a terrible Balance Sheet, like watching a horror movie. Cash Flow Statement shows -ve operating cash flows for 2 out of 3 years, and most of the "growth" was funded by financing cash flows. Read the RISK FACTORS section of the prospectus carefully. Just based on those few pages, it's enough to tell people to AVOID.

 

IF i apply for Tiger Air IPO ......can i sell de shares within few days or need to wait for one month..... can anyone explain to me if i apply as IPO what is the different buying the shares on the spot ?