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Sri Trang Agro & Malaysia Smelting Corp IPOs
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ic1990
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28-Jan-2011 17:27
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i have to say that's extremely unlikely. Look at gaoxian. before listing, it was .42 in singapore, and .405 in korea. what happened during listing day? it'll be good if it can open above water. that said, i believe Sri Trang is fundamentally a better company that GMG, so let's hope the market realises that. Both have plantations in very volatile regions, but sri trang is consistently profitable.
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ic1990
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28-Jan-2011 17:23
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you should go google what it means.
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neutral
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28-Jan-2011 15:48
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if were to go up to 1.40 , then all the 100-lotter applicant will have earned an instant stag profit of $16,000 on it's 1st day, almost same as striking TOTO grp 2 price. $16,000 profit on 1st stag day, That will be a WORLD record for ipo history do u think BBs will so easy let all the few hundreds of 100-lotter applicants earn an instant $16,000 on it's ipo 1st day?
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neutral
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28-Jan-2011 15:35
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you are crazy! what do u mean when u said dog wagging the tail? haha
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tthsteve
Member |
28-Jan-2011 15:27
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i think on Mon, it will go up to $1.40 to match SET currect trading price Thb33.75 (equiv to S$1.40) | ||||||||||||
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bsiong
Supreme |
28-Jan-2011 09:23
Yells: "The Greatest Wealth is Health" |
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tchoonw
Veteran |
28-Jan-2011 07:09
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die die must short sri at opening...confirm will drop like hell! |
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ic1990
Senior |
28-Jan-2011 02:15
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but ok la. amtek pub offering was 20 mil but ppl apply for 11mil only. this one 20 mil but ppl apply 22 mil. so still not as jialat as amtek. also, the shares in SGX and SET are fungible....so hopefully it'll be the dog wagging the tail and not the other way round (like gaoxian) SET now trading at 33baht, about 1.35. Since i stupidly went to apply, thinking it'll be hot cuz it's agri, just have to pray hard that it wont drop on listing day.
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ic1990
Senior |
28-Jan-2011 01:23
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power man. hope the fall is not too bad
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neutral
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28-Jan-2011 01:17
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MSC different becos vast majority got less than 1 lot while the rest got mainly 1 lot only. This Sri ipo those that apply 10, 20, 30 or 50 lots got ALL THE FULL LOTS that they applied for , quite similar to Amtek situation.
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neutral
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28-Jan-2011 01:12
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I just saw someone posted this very useful info from another stock forum
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ic1990
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28-Jan-2011 00:43
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why not? look at MSC. 1.75 to 1.81?
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neutral
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28-Jan-2011 00:39
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if it were to open at 1.25, that will mean all the 100-lotter applicants(they all got 80 lots, no balloting required for all groups), that will mean an instant stag profit of $4000 for all these 100-lotter applicants.........do u think money will drop down from the sky for them
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ic1990
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27-Jan-2011 23:44
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It closed today in Thailand at 33.5, that's SGD 1.35. Let's hope it opens higher on monday. 1.25 happy liao. make $25 after commission | ||||||||||||
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Moneysense
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27-Jan-2011 23:39
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Like that. Chiam liao..... Lose $$$$$$$$$$ | ||||||||||||
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ic1990
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27-Jan-2011 23:29
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the last time that happened was amtekk....and u know what happened...
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greendino
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27-Jan-2011 23:09
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looks like everyone's got a share in this | ||||||||||||
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Moneysense
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27-Jan-2011 23:08
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Yes. Does not bode well for investors. Don't know what will be the estimate debut price. Any experts please advise. | ||||||||||||
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ic1990
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27-Jan-2011 22:43
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wa this is not good man. i bought for a stag...and it's only like 1.2 times oversubscribed. | ||||||||||||
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ic1990
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27-Jan-2011 22:39
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Sri Trang Agro-Industry Public Company Limited (the “Company”) (Registered in the Kingdom of Thailand as a public limited company on 27 December 1993, registration number 0107536001656) Offering in respect of 280,000,000 Offering Shares The size of the Placement is 260,000,000 Offering Shares The size of the Public Offer is 20,000,000 Offering Shares Offering Price: S$1.20 per Offering Share Capitalised terms used herein, unless otherwise indicated, have the meanings as defined in the prospectus of the Company lodged with and registered by the Monetary Authority of Singapore on 20 January 2011 in relation to the Offering (the “Prospectus”). THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN INVITATION OR OFFER TO SUBSCRIBE FOR AND/OR PURCHASE OFFERING SHARES. Following the announcements on 25 January 2011 and 26 January 2011, the Company, J.P. Morgan (S.E.A.) Limited (“J.P. Morgan”), CIMB Bank Berhad, Singapore Branch (“CIMB Bank”) and Standard Chartered Securities (Singapore) Pte. Limited (“Standard Chartered Securities”), as the Joint Issue Managers (the “Joint Issue Managers”) and J.P. Morgan, CIMB Securities (Singapore) Pte. Ltd. (“CIMB Securities”) and Standard Chartered Securities, as the Joint Bookrunners and Joint Underwriters (the “Joint Bookrunners and Joint Underwriters”) are pleased to announce the following: OFFERING PRICE As announced on 26 January 2011, the Offering Price has been fixed at S$1.20 per Offering Share. ALLOCATION BETWEEN THE PLACEMENT AND THE PUBLIC OFFER Taking into consideration the valid applications and the indications of interest received for the Offering Shares, the Joint Issue Managers, Joint Bookrunners and Joint Underwriters, in consultation with the Company, have decided that the aggregate number of 280,000,000 Offering Shares will be re-allocated as follows: (a) 260,000,000 Offering Shares will be allocated to satisfy indications of interest received pursuant to the Placement, of which 23,070,000 Offering Shares will be taken up by the Joint Underwriters pursuant to underwriting arrangements under the Offer Agreement and Placement Agreement; and (b) 20,000,000 Offering Shares will be allocated to satisfy valid applications received pursuant to the Public Offer. APPLICATION RESULTS FOR THE PUBLIC OFFER At the close of the Public Offer at 6.00 p.m. (Singapore time) on 24 January 2011, there were 1,988 valid applications made by way of Application Forms or Electronic Applications for a total of approximately 22,155,000 Offering Shares. In total, application monies received pursuant to such valid applications amounted to approximately S$35,448,000 (based on the Maximum Offering Price of S$1.60 per Offering Share). To ensure a reasonable spread of shareholders of the Company, all valid applications received for the Offering Shares under the Public Offer will be accepted and, where applicable, scaled down. The board of Directors has decided on the following basis of allocation: Range of Offering Shares applied for (’000) Number of Offering Shares allocated per Successful Applicant (’000) Percentage of Total Number of Offering Shares available under the Public Offer (%) Number of Successful Applicants 1 1 2.38 476 2 2 3.68 368 3 3 1.64 109 4 4 0.34 17 5 – 9 5 7.10 284 10 – 14 10 21.45 429 15 – 19 15 1.43 19 20 – 29 20 12.50 125 30 – 39 30 4.95 33 40 – 49 40 1.20 6 50 – 99 50 18.25 73 100 – 149 80 16.80 42 150 – 199 100 0.50 1 200 – 249 160 2.40 3 250 – 499 200 1.00 1 500 – 999 300 1.50 1 1,000 and above 578 2.89 1 Total 100.00 1,988 There will be no balloting of applications for the Public Offer. COMMENCEMENT OF TRADING AND REFUNDS The Shares are expected to commence trading on the SGX-ST on a “ready” basis at 9.00 a.m. (Singapore time) on 31 January 2011, subject to the SGX-ST being satisfied that all conditions necessary for the commencement of trading in the Shares on a “ready” basis have been fulfilled. There will be NO trading on a “when issued” basis. Unsuccessful applications using printed Application Forms, together with the full amount of the application monies (without interest or any share of revenue or other benefits arising therefrom), are expected to be returned to the applicants by ordinary post, at the applicants’ own risk, within 24 hours of the scaling down of applications, in accordance with the conditions and procedures set out in the instructions booklet entitled “Terms, Conditions and Procedures for Application for and Acceptance of the Offering Shares in Singapore” (the “Instructions”). For unsuccessful Electronic Applications, it is expected that the full amount of the application monies will be refunded (without interest or any share of revenue or other benefits arising therefrom), at the applicants’ own risk, within 24 hours of the scaling down of applications in accordance with the conditions and procedures set out in the Instructions. Following the scaling down of valid applications for the Offering Shares, and where an application under the Public Offer is accepted in full or in part only, any balance of the application monies (including the excess monies arising from the difference between the Offering Price and the Maximum Offering Price) is expected to be refunded (without interest or any share of revenue or other benefits arising therefrom) to the applicants, by ordinary post (in the case of applications made using printed Application Forms) or through the crediting of the relevant amount to the applicants’ accounts with their respective Participating Banks (in the case of Electronic Applications) at their own risk within 14 Market Days after the close of the Public Offer, in each case in accordance with the conditions and procedures set out in the Instruction Booklet. If the Offering does not proceed for any reason, the full amount of application monies (without interest or any share of revenue or other benefits arising therefrom) will be returned, at the applicants’ own risk within five Market Days after the Offering is discontinued. Notwithstanding the foregoing, once the registration of the increase in issued and paid-up share capital of the Company with the MOC has occurred, monies paid in respect of applications for the Offering Shares cannot, under the laws of Thailand, be refunded to successful applicants unless, among other things, the Company’s share capital is reduced. In the event of a capital reduction, successful applicants will only receive the amount equivalent to the aggregate par value of their Shares. For enquiries on the results of the applications, applicants may call The Central Depository (Pte) Limited (the “CDP”) at +65 6535 7511 begin_of_the_skype_highlighting +65 6535 7511 end_of_the_skype_highlighting using their T-PIN and keying in the stock code: 5864. To sign up for the service, applicants may contact CDP customer service officers for an application form. The board of Directors of the Company wish to thank all applicants who have applied for the Offering Shares, the relevant authorities and all who have helped in one way or another in the Offering, for their support and assistance. Issued jointly by J.P. Morgan (S.E.A.) Limited CIMB Bank Berhad, Singapore Branch Standard Chartered Securities (Singapore) Pte. Limited For and on behalf of Sri Trang Agro-Industry Public Company Limited 27 January 2011 This announcement is not for distribution, directly or indirectly, in or into the United States (including its territories and possessions, any State of the United States and the District of Columbia). This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The Shares mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933 (the “Securities Act”). The Shares may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. There will be no public offer of securities in the United States. | ||||||||||||
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