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wcp2017 Senior	30-Nov-2017 09:54        wcp2017 About Contact  Quote this Post!
x 0   x 1  Alert Admin	I think you are very evil and cunning. You said you have 4 lot only. Why talk so much ? Unless you shorted big positions just now. Beware of withdraw sell queues and sudden surge to squueze your shorts positions. destinykraze      ( Date: 30-Nov-2017 09:36) Posted: I' m going to sell after BBs pump, this stock not good to hold for long term. The tell tale signs are the lower operating and raw material cost. Probably not substainable. If you compare this and jumbo. You can see that jumbo has higher operating cost but despite that, they have higher profit margin.  That means people willing to pay for premium to eat at Jumbo, not so much at Nosignbd. Source from Singapore IPOs blog Declining revenue and stagnating profitability  - The revenue has been declining for the last 3 years with profitability fluctuating between $6.5m to $9m. The future prospects doesn' t seem exciting. Other than the new causal dining concept, it is tough to visualise at this juncture, how the beer and ready-meal business is able to scale up significantly. As you have seen from the results, the Company has not been able to expand beyond its " No Signboard Seafood" heritage  Owners are cashing out  - The owners are cashing out of this IPO. While some may see this as " giving investors" a chance to invest in the business, the fact of the matter is that the owners are selling out at a high valuation and " de-risking" themselves while holding on to a 73% stake. Investors are now taking on the risk of expanding the business into beer and ready meals segment. Overseas expansion failures  - The Company tried to expand to Hong Kong, Jakarta and Macau and the experiences had been humbling. They have not been able to crack the markets beyond Singapore. I hope the lessons learnt from these experiences will come in useful when they use the shareholders' funds to expand overseas but the prior forays has been less than encouraging Future prospects is unclear  - The beer business is newly acquired and the ready-meals business are untested. As you can see from the pro forma statements, acquiring the beer business has been dilutive to its earnings. I am also not sure why the Company is venturing into beer brewing business as it is highly competitive and dominated by a few big brands that distribute brands such as Heneiken and Tiger Other conflict of interest  - Besides the " loss of crown jewel" , the other potential conflict of interest is the Ma2 Shop that operates vending machines selling ready meals in Singapore. The vendor has a 51% stake in Ma2! (see the write up on Mattar Road No Signboard below) Unproven track record of OCBC  - It is surprising to see OCBC back in the IPO game as they have not been able to gain any meaningful toe-hold into this business. Let' s see how No Signboard perform in the coming months before we decide if OCBC is back in the IPO business  (For avoidance of doubt - i was referring to OCBC being the sole lead in the Catalist segment)  destinykraze      ( Date: 30-Nov-2017 08:35) Posted: Placement shares not fully subscribed by BBs. This isn' t as hot as kimly and jumbo =/ Hope it' s not some dead stock after 1 week.
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destinykraze Elite	30-Nov-2017 09:40        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Unlikely, the base price is $0.28. No BBs is going to short for meagre and unlikely profits. Even if small time retailer shorts, there won' t be any impact. Siwomp      ( Date: 30-Nov-2017 09:34) Posted: BB is trapping the greedy shortists, those that don' t cover at 315..........
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Siwomp Supreme	30-Nov-2017 09:40        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	Agreed with you.  But there will be some itching hands who smell an opportunity to short on weak opening price and negative HK and local market sentiments.  Not to mention those trades running on algorithm. Jackwoo      ( Date: 30-Nov-2017 09:36) Posted: not necessary all sellers are shortist.  those who buy at 0.31/0.315 can be the sellers.
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destinykraze Elite	30-Nov-2017 09:36        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	I' m going to sell after BBs pump, this stock not good to hold for long term. The tell tale signs are the lower operating and raw material cost. Probably not substainable. If you compare this and jumbo. You can see that jumbo has higher operating cost but despite that, they have higher profit margin.  That means people willing to pay for premium to eat at Jumbo, not so much at Nosignbd. Source from Singapore IPOs blog Declining revenue and stagnating profitability  - The revenue has been declining for the last 3 years with profitability fluctuating between $6.5m to $9m. The future prospects doesn' t seem exciting. Other than the new causal dining concept, it is tough to visualise at this juncture, how the beer and ready-meal business is able to scale up significantly. As you have seen from the results, the Company has not been able to expand beyond its " No Signboard Seafood" heritage  Owners are cashing out  - The owners are cashing out of this IPO. While some may see this as " giving investors" a chance to invest in the business, the fact of the matter is that the owners are selling out at a high valuation and " de-risking" themselves while holding on to a 73% stake. Investors are now taking on the risk of expanding the business into beer and ready meals segment. Overseas expansion failures  - The Company tried to expand to Hong Kong, Jakarta and Macau and the experiences had been humbling. They have not been able to crack the markets beyond Singapore. I hope the lessons learnt from these experiences will come in useful when they use the shareholders' funds to expand overseas but the prior forays has been less than encouraging Future prospects is unclear  - The beer business is newly acquired and the ready-meals business are untested. As you can see from the pro forma statements, acquiring the beer business has been dilutive to its earnings. I am also not sure why the Company is venturing into beer brewing business as it is highly competitive and dominated by a few big brands that distribute brands such as Heneiken and Tiger Other conflict of interest  - Besides the " loss of crown jewel" , the other potential conflict of interest is the Ma2 Shop that operates vending machines selling ready meals in Singapore. The vendor has a 51% stake in Ma2! (see the write up on Mattar Road No Signboard below) Unproven track record of OCBC  - It is surprising to see OCBC back in the IPO game as they have not been able to gain any meaningful toe-hold into this business. Let' s see how No Signboard perform in the coming months before we decide if OCBC is back in the IPO business  (For avoidance of doubt - i was referring to OCBC being the sole lead in the Catalist segment)  destinykraze      ( Date: 30-Nov-2017 08:35) Posted: Placement shares not fully subscribed by BBs. This isn' t as hot as kimly and jumbo =/ Hope it' s not some dead stock after 1 week.
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Jackwoo Veteran	30-Nov-2017 09:36        Jackwoo About Contact  Quote this Post! Style: Technical   Mood:
x 0   x 0  Alert Admin	not necessary all sellers are shortist.  those who buy at 0.31/0.315 can be the sellers.
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Siwomp Supreme	30-Nov-2017 09:34        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	BB is trapping the greedy shortists, those that don' t cover at 315..........
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Siwomp Supreme	30-Nov-2017 09:28        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	BB playing waiting game..... shortists having a good time.  Shortist probably aiming to cover at 315/310 at least.
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bllue911 Member	30-Nov-2017 09:26        bllue911 About Contact  Quote this Post! Style: Flexible
x 0   x 0  Alert Admin	Seem weak. Not much support. Maybe Sam Goi' s son name not so strong. Or maybe he is selling since cornerstone no lock up period
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Siwomp Supreme	30-Nov-2017 09:20        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	20mins into trading and half of the listed shares have been transacted............ shortists beware......
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Siwomp Supreme	30-Nov-2017 09:19        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	BB are queuing big block at 320......325 selling pressure.
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mrwise Supreme	30-Nov-2017 09:16        mrwise About Contact  Quote this Post! Style: Combined   Mood:
x 0   x 0  Alert Admin	Get ready to ride up above $0.35 soon...
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Siwomp Supreme	30-Nov-2017 09:10        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	discounting the opening transacted shares...... almost all the rest of the transacted shares are buyers buying straight from the sell queue.....good sign.
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wcp2017 Senior	30-Nov-2017 09:09        wcp2017 About Contact  Quote this Post!
x 0   x 0  Alert Admin	$ 188 mil cash received from public to subscribe. These funds are ready to buy.
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Siwomp Supreme	30-Nov-2017 09:08        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	I expect their beer business to become a major revenue source in the near future......if managed well.  This can become our very own (Singapore) Beer Brand.  Tiger is no longer Singapore Beer, since the take over.
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Siwomp Supreme	30-Nov-2017 09:04        Siwomp About Contact  Quote this Post!
x 0   x 0  Alert Admin	With the Goi support, they effectively have the distribution access to the world, especially China.
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MichaelSchenker Master	30-Nov-2017 08:59        MichaelSchenker About Contact  Quote this Post!
x 0   x 0  Alert Admin	So, bro, any sign of your refund for No Signboard? Berani      ( Date: 29-Nov-2017 19:39) Posted: what time is the refund.. I check 6.15PM just now. no refund.. is it 8 PM? MichaelSchenker      ( Date: 29-Nov-2017 19:12) Posted: Check for refund. If full amount, then habis! Try again next time..
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bllue911 Member	30-Nov-2017 08:58        bllue911 About Contact  Quote this Post! Style: Flexible
x 0   x 0  Alert Admin	looks like 31 for open. taxiuncle      ( Date: 30-Nov-2017 08:38) Posted: Guess opening price is 31 cents?
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taxiuncle Veteran	30-Nov-2017 08:38        taxiuncle About Contact  Quote this Post!
x 0   x 0  Alert Admin	Guess opening price is 31 cents?
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destinykraze Elite	30-Nov-2017 08:35        destinykraze About Contact  Quote this Post!   Yells: "Reality is only a matter of perception"
x 0   x 0  Alert Admin	Placement shares not fully subscribed by BBs. This isn' t as hot as kimly and jumbo =/ Hope it' s not some dead stock after 1 week.
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wcp2017 Senior	30-Nov-2017 01:21        wcp2017 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Next time I apply 200 lot also. See if this formula works. destinykraze      ( Date: 30-Nov-2017 00:30) Posted: 200k, only got 4k. IPO balloting pattern quite random. Most of the time, people that applied the most gets the highest chance to get shares. The odds are even for all applicants in this IPO.
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