| Latest Forum Topics / Kimly Last:0.41 -- |
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How much TP?
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huangyuanhe
Supreme |
23-Mar-2017 10:31
Yells: "666" |
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Runnnnnn.... forest run............. 46.5 soon 
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anthonykwong
Supreme |
23-Mar-2017 10:07
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My person opiniob is the IPO is under-priced.
IPO issue price should be around 45 cents per share.
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hawkeye2010
Member |
23-Mar-2017 10:07
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Most welcome, jeremyow. Thanks for your insight. Cheers!
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jeremyow
Master |
23-Mar-2017 10:07
Yells: "Passionate business investor" |
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One simple common sense to note is that if Kimly' s shares are really good value at more than $0.50 per share, why will there still be large trading volumes with good volumes of sellers? If the shares are really worth so much at higher than $0.50 per share, there is no need to sell off but instead one should hold something that is valuable? So, current increase in Kimly' s shares is definitely due to market manipulation and market behaviour at work which are fueled by greed and is not sustainable eventually.
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anthonykwong
Supreme |
23-Mar-2017 10:04
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Do you know FoodFare Coffeeshops ?
They used to have 1 in bedok. Their daily sales just from kopi, drinks, cigarettes, beer is about $6000 to $10000. If most of it come from kopi and drinks, you know how much the profit margin is ? That's why kopi tiams owners dont lwt others run the Drinks Stall : ))
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sengsk
Elite |
23-Mar-2017 10:01
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Its depend on which catergery of investor you are. When those who buy it at the high price may not disappoint where they may act as the type of dividend investors.
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ken777
Veteran |
23-Mar-2017 10:00
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Dont think there script to lend to short in CFD now. Look to weaken from supply amount and may have round 2 of distribution sooon. Just my 2 cent . Hold no interest.
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destinykraze
Elite |
23-Mar-2017 09:56
Yells: "Reality is only a matter of perception" |
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Check out the time and sales. Big hands playing it with confidence. my TP is $0.55 for the short term.
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anthonykwong
Supreme |
23-Mar-2017 09:55
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The IPO hotness is still fresh.
The Best Is Yet To Be. Those missed out will be like Jumbo have to buy higher than 60 cents.
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sengsk
Elite |
23-Mar-2017 09:53
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Bro, This just having a few days trade the trend cannot clearly judge. Even 20 days of records also not easy to find the trend.
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anthonykwong
Supreme |
23-Mar-2017 09:52
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No. Cannot. I check with a few CFD brokers. They not in the list. Cannot short.
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jeremyow
Master |
23-Mar-2017 09:50
Yells: "Passionate business investor" |
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http://news.asiaone.com/news/business/winners-and-losers-kimlys-ipo Thanks Hawkeye2010 for sharing the link from AsiaOne' s business news about Kimly' s IPO. I attach the link again for the ease of accessing it by clicking on it. Indeed, this IPO same as other IPOs are highly dynamic financial operations which involve many interested parties. But the only constant in all cases of IPOs is that it will benefit certain interested parties more than others. Those who are wealthier (eg. accredited investors) get priority to subscribe for pre-IPO placement shares at $0.20 per share in this case lower than public' s offering of $0.25 per share. Those will connections to Kimly' s owners (insiders) like their family, extended families, relatives and friends also get to subscribe for pre-IPO shares directly or indirectly through these connections. And I think they may not be restricted to a ballot system like the public is So, these insiders and major shareholders and their connections certainly can own more pre-IPO shares before the IPO debut. I agree with the article that probably on first day of Kimly' s trading, some of these insiders may have cashed out partially and already made good profits. Should Kimly' s share price not increase any much further, then those public who bought at current high valuations of more than $0.50 per share may end up stuck with their shares bought at higher prices and have to hold it for a long time? Surely, there is a limit to how hot and how high the prices will rise due to the manipulations in the market. It cannot rise forever without constraint. When the music ends, some retail investors and traders will end up getting caught at higher prices due to their greed should price come back lower to more realistic valuation. My ideal price for Kimly' s shares is definitely not above $0.50 per share even if we factor in a premium due to any upcoming catalysts in future. It does not make sense at all in terms of the correct valuation (when compared to other peers in the F& B industry) even if their coffee shop businesses are that stable and good. Unless they are even really better than the other known names like BreadTalk, Jumbo and the rest, then perhaps there is strong reason for their shares to be traded at high valuations than their peers. If not, the current euphoria and excitement in chasing up its share prices is but only temporary (for the interested parties to distribute and exit) and not sustainable at such high valuations. In that same note, good luck to those who bought at higher than $0.50! Hope one can sell even higher and exit before the music ends in future!
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destinykraze
Elite |
23-Mar-2017 09:49
Yells: "Reality is only a matter of perception" |
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They short using CFD for quick buck.
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anthonykwong
Supreme |
23-Mar-2017 09:46
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How to short this kimly ? Almost impossible. Where you have the scrips ?
The trend seems like if price going higher, the more the retail confidence and interest. Much like Best World : ) This kimly can be even better than jumbo . 60 cents soon after clearing 56 cents.
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sengsk
Elite |
23-Mar-2017 09:08
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I' m waiting for 0.54 Bad to tell Short. But, it should be a chance for fast $ Sorry, Personal view only. |
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destinykraze
Elite |
22-Mar-2017 22:57
Yells: "Reality is only a matter of perception" |
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Who knew a kopitiam would be hotter than a chilli crab? Coffeeshop operator Kimly Limited opened trading on Monday at S$0.55, some 120 per cent above its initial public offering (IPO) price of S$0.25, and eventually closed at S$0.44, 76 per cent above it. By contrast, chilli crab restaurant chain Jumbo Group popped just 36 per cent on IPO day. It is normal to underprice an IPO. Nobody likes an offering to flop on the first day. The art is to ensure a first-day pop that is not too big, but sizeable enough to boost confidence. Five to 10 per cent is normal 20 per cent impressive but surely a pop of 50 per cent or more indicates a major miscalculation. Major shareholders of the company would not have been amused for selling a part of their company so cheaply, especially in a bullish market like this one. One wonders what kinds of food retail comparables were used. Jumbo was trading at 30 times. BreadTalk Group, which owns the Din Tai Fung franchise, was also above 30. Even Katrina Group, a food brand hotchpotch that fell from a 62 per cent first-day pop back to its offer price in half a year, was still trading at about 16 times historical earnings after adjusting for IPO expenses. On net profit, if Kimly can consistently make above S$20 million a year, it is astonishingly profitable compared to BreadTalk or Jumbo, which are just doing S$10 million plus a year. And with a net profit margin in the mid-teens, Kimly is even more efficient at making money than Jumbo. Throw in the novelty factor of the first listed coffeeshop manager, too. But Kimly was only priced at 12 plus times pro forma earnings. And just 3.8 million shares were open for the general public to subscribe, which, at S$0.25, meant that only under S$1 million of shares was on offer. Even without the benefit of hindsight, it had been fair to say that a first-day pop looked very likely. Read also: Coffee-shop operator Kimly counts Heliconia Capital as a pre-IPO investor So either first-day traders have lost their minds, or, as also seems the case, Kimly founders have lost out on quite a few million extra bucks. Most retail investors, too, lost out on a chance to snag a profit. Public demand can typically be in the tens of millions of dollars, and for an F& B offering like this, much, much more. As it turned out, the public wanted 1.3 billion shares, meaning there were a cool few hundred million dollars at their disposal. Why weren' t they given more of an opportunity? It is a travesty for an IPO not to have a public tranche, or to have a very small tranche. Kimly' s tranche was a mere sop. There are worse examples out there. Jumbo had an even smaller public tranche, with two million shares on offer for S$0.25. Katrina didn' t even bother with a public tranche. But the winds of change are blowing. For mainboard listings, the Singapore Exchange (SGX) is mandating a 5 per cent or S$50 million allocation for retail investors, whichever is lower, beginning from May 2. It is worth asking if the same rule should be extended to Catalist stocks. As the Kimly IPO shows, Singapore investors have money, and should be given the opportunity especially when the price be right. SGX justifiably says that a minimum allocation could be too large for a Catalist offering. Yet that can be tweaked lower. Read also: Kimly to raise $40.4m in Singapore' s first kopi-o IPO Hopefully, things will change. As an SGX spokeswoman told The Business Times, when asked about a Catalist minimum retail allocation: " We recognise that market forces are dynamic and will continue to monitor the public subscription trends of IPOs to ensure that the minimum allocation amounts are appropriate for the Singapore capital market." So who won from the Kimly mega-pop? Some 170 million shares were snapped up in the placement tranche by wealthy brokerage clients or those with the right connections. They included siblings and spouses of insiders, and even Vanda 1 Investments, the fund managed and controlled by Temasek subsidiary Heliconia Capital Management. With the pop, some of those who snagged the placement might even be cashing out. On day one, tens of millions of shares were unloaded at valuations of above 25 times earnings, or above S$0.50. Those who dared to short the stock that day at the opening bell also won out as the price fell over 20 per cent from its highs. One can only hope that there weren' t too many retail investors who bought at those loftier valuations, then panicked and sold when the price grinded into the 40s. Ultimately, the IPO game has many traps for the unwary. But it is a game that more investors should get a chance to play. - See more at: http://news.asiaone.com/news/business/winners-and-losers-kimlys-ipo#sthash.PMyZtiOX.dpuf
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hawkeye2010
Member |
22-Mar-2017 21:26
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http://news.asiaone.com/news/business/winners-and-losers-kimlys-ipo |
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mepkoh
Elite |
22-Mar-2017 21:23
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shit...all have agenda,,, u listen to them..u goto horland
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nqing87
Supreme |
22-Mar-2017 21:13
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our enemy should be BB.. BB doesnt get affected by post that forummers make as they have their own set of information, and they are the one who determine whether a counter continue to fall or rise.. what forummers often say are actually affecting small retailers who come to the forums
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analysistar
Senior |
22-Mar-2017 21:05
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What to do? some people are damn selfish. They know it is going to rally. but they keep it to themselves. This guy even better, champion! Still got the cheek to come out and scold people because he was unable to get it cheaper to make more $.
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