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Netlink Trust IPO
MarcPh
Senior
25-Jul-2017 08:37     
 
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 Alert Admin 		Thanks again for sharing!

Morello      ( Date: 25-Jul-2017 08:29) Posted:

yup, no over-allotment, no stabilisation...read somewhere over-allotment is normally done to counter shortists (esp when performance of the ipo is expected to be weak).  not sure if this is netlink' s scenario.

MarcPh      ( Date: 25-Jul-2017 08:27) Posted:

Thanks for your guidance. If i may further my novice question... ... if a listed company did not place out over allotment shares during IPO, does it mean that they cannot carry out stablization action
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Morello
Veteran
25-Jul-2017 08:29     
 
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Yells: "In it for the long haul"
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 Alert Admin 		yup, no over-allotment, no stabilisation...read somewhere over-allotment is normally done to counter shortists (esp when performance of the ipo is expected to be weak).  not sure if this is netlink' s scenario.

MarcPh      ( Date: 25-Jul-2017 08:27) Posted:

Thanks for your guidance. If i may further my novice question... ... if a listed company did not place out over allotment shares during IPO, does it mean that they cannot carry out stablization action?

Morello      ( Date: 25-Jul-2017 08:23) Posted:

the 123,456,000 over-alloted units (alloted to institutional placees) are borrowed from Singtel at a fee.  After 30 days, the shares bot back (up to the over-allotment qty at equal or lower than the listed px) are returned to singtel (can' t rem the name of the subsidiary
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MarcPh
Senior
25-Jul-2017 08:27     
 
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 Alert Admin 		Thanks for your guidance. If i may further my novice question... ... if a listed company did not place out over allotment shares during IPO, does it mean that they cannot carry out stablization action?

Morello      ( Date: 25-Jul-2017 08:23) Posted:

the 123,456,000 over-alloted units (alloted to institutional placees) are borrowed from Singtel at a fee.  After 30 days, the shares bot back (up to the over-allotment qty at equal or lower than the listed px) are returned to singtel (can' t rem the name of the subsidiary)

MarcPh      ( Date: 25-Jul-2017 07:17) Posted:

In the first 3 days (whole of last week), they spent more than $55mio for stablization. They are very serious about it.

Are the money from over-allotment? What does stablization manager do with the shares that they bought from open market?
Thanks for sharing.
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Morello
Veteran
25-Jul-2017 08:23     
 
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 Alert Admin 		the 123,456,000 over-alloted units (alloted to institutional placees) are borrowed from Singtel at a fee.  After 30 days, the shares bot back (up to the over-allotment qty at equal or lower than the listed px) are returned to singtel (can' t rem the name of the subsidiary)

MarcPh      ( Date: 25-Jul-2017 07:17) Posted:

In the first 3 days (whole of last week), they spent more than $55mio for stablization. They are very serious about it.

Are the money from over-allotment? What does stablization manager do with the shares that they bought from open market?
Thanks for sharing.
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MarcPh
Senior
25-Jul-2017 07:17     
 
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 Alert Admin 		In the first 3 days (whole of last week), they spent more than $55mio for stablization. They are very serious about it.

Are the money from over-allotment? What does stablization manager do with the shares that they bought from open market?
Thanks for sharing.
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chengwh1
Elite
24-Jul-2017 22:09     
 
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 Alert Admin 		Singtel too is heavily in-debt, proceeds from the IPO of Netlink Trust is not able to reduce Singtel' s debt satisfactorily..... it won' t be surprisng if Starhub is too,... I guessed telcos having high debts is a norm,...

MarcPh      ( Date: 21-Jul-2017 18:21) Posted:

Moody&rsquo s downgrades Singtel ratings to A1

http://www.todayonline.com/business/moodys-downgrades-singtel-ratings-a1-outlook-stable
Moody&rsquo s said even if Singtel fully deployed its proceeds from the NetLink IPO for debt reduction, this would be insufficient to bring the company&rsquo s leverage below the thresholds set for its previous Aa3 rating. It remains unclear how much of the NetLink divestment proceeds will be used by Singtel towards the permanent reduction of debt.
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MarcPh
Senior
21-Jul-2017 18:21     
 
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Moody&rsquo s downgrades Singtel ratings to A1

http://www.todayonline.com/business/moodys-downgrades-singtel-ratings-a1-outlook-stable
Moody&rsquo s said even if Singtel fully deployed its proceeds from the NetLink IPO for debt reduction, this would be insufficient to bring the company&rsquo s leverage below the thresholds set for its previous Aa3 rating. It remains unclear how much of the NetLink divestment proceeds will be used by Singtel towards the permanent reduction of debt.
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MarcPh
Senior
20-Jul-2017 09:15     
 
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 Alert Admin
https://twitter.com/marissabiz/status/884949131000553472
More


Paper today says NetLink is safe & sexy. what I really wrote was, rarely do the twain meet & NetLink is NO exception. editing error, dyodd.
(Do your own due diligence)




 
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sgng123
Supreme
19-Jul-2017 21:18     
 
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 Alert Admin 		Most likely gov pay lump sum to netlink for the controlled pricing, explain why dividend is 5.4% where the eps only like 2 cents barely enough to cover dividend. Same fate as manulife reit, boring dividend stock. Good thing os dividend stable regardless of economy.
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bernardc
Elite
19-Jul-2017 15:56     
 
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 Alert Admin 		monopoly is great..if state dont intefere...
but state control means...upside limited..

sgng123      ( Date: 18-Jul-2017 17:41) Posted:

2.7b private placement and only 185m available for public, total share including singtel 25% stake is around 3.8b share. Sadly 3.6b currently in the hand of bb and singtel which is appro 95%, in short only 5% is available for open market trading unless big players decided to offload which is unlikely. It another singpost in the making lol, monopoly market pricing controlled by state highly sought after by insurance and retirement fund due to it resistance to economy downturn.
 

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chengwh1
Elite
19-Jul-2017 15:33     
 
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 Alert Admin 		I guessed the opening is not exciting,... not like opened at 90 Cts,... Stabilisation Mgrs are still struggling to hold the price above water now !
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Andrewtan18
Member
19-Jul-2017 07:53     
 
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 Alert Admin 		Rubbish. This is the Union Gas IPO thread and you come in and buay ko yoh. Trying to talk up a stupid China stock by unashamedly promoting it as a quality investment. What you want is to stir interest and speculation for selfish purpose.

danger      ( Date: 15-Jul-2017 09:40) Posted:

Shares Investment has identified 3 S-chips in the small cap category. When we screened for these counters, we want to identify businesses that have strong value propositions that are profitable with solid financial health yet easy to understand. Businesses that are easy to comprehend helps to alleviate the inherent scepticism investors hold and, therefore, making them more palatable.  Like Benjamin Graham once said, &ldquo The market in the long-run is a weighing machine.&rdquo We like to iterate that our selection here is not meant for speculative plays but for the long haul. Investors should also carry their own due-diligence further before committing to an investment.     DUTECH , CHINA SUNSINE CHEMICAL , CHINA STAR FOOD     China Star Food Group -- Low Risk-To-Reward  China Star Food Group listed on Catalist of the SGX not too long ago in April 2016, via a reverse takeover deal of Brooke Asia. The company primarily produces and sells sweet potato snack food products in China and currently operates two factories that have an annual capacity to produce 28,800 tonnes of sweet potato food snacks. Its third factory, with an estimated capacity of 30,000 tonnes, has been completed and the company has attained the operating license in March 2017. However, operations of the new factory were halted due to the delay in completion of Lian Cheng County wastewater treatment plant.  Owing to the unexpected delay and halt in operations, China Star Food expects its FY17 revenue and net profit to be impacted significantly, with operations of the new factory expected to resume only by September 2017.     In the year of its listing, China Star Food generated rather respectable results for FY16 where revenue was Rmb470.9 million and net profit was Rmb16.3 million. In the latest 9M17 results, revenue rose to Rmb359.8 million and net profit increased to Rmb51 million. However, for FY17, we believe that the company would record some impairment charges on unfinished products due to the operations halt in the third factory which will negatively impact the bottom line.  Notwithstanding that, the company has a robust balance sheet and as of 9M17, China Star Food has a cash balance of Rmb123.8 million and total debt of Rmb12.8 million. As it is, the company has a net cash position of Rmb111 million or about $23.1 million in Singapore dollars, higher than its market capitalisation of $21.3million!  Apart from that, China Star Food ' s current share price of $0.083 seems rather cheap, at P/E of just 1.6 times and P/B of 0.3 times. Meanwhile, local listed peers, China Kangda Food trades at 124.3 times P/E and 1.2 times P/B while Sino Grandness Food Industry Group change hands at P/E of about 2.9 times P/E and 0.4 times P/B.  Whilst China Star Food has a shorter operating record since listing compared to others in the industry, we think this S-chip offers a rather good risk-to-reward argument.
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sgng123
Supreme
19-Jul-2017 03:23     
 
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 Alert Admin 		Strong support from big investors but no guarantee it would chiong tomorrow, worse case is at the 0.85 range byt again small kopi money to make for those with 13 lots
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teeth53
Supreme
18-Jul-2017 23:57     
 
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 Alert Admin 		Expected......

AndyLoss      ( Date: 18-Jul-2017 23:28) Posted:

2X IS GOOD OR was it expected :) 

investshare      ( Date: 18-Jul-2017 22:47) Posted:

2x oversubscribed


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Steady28
Senior
18-Jul-2017 23:38     
 
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 Alert Admin 		too much hype. Just take a look at those recent IPOs, not many had done well. how things will unfold, dont know. monitor first before committing. dont rush

AndyLoss      ( Date: 18-Jul-2017 23:28) Posted:

2X IS GOOD OR was it expected :) 

investshare      ( Date: 18-Jul-2017 22:47) Posted:

2x oversubscribed


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AndyLoss
Master
18-Jul-2017 23:28     
 
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 Alert Admin 		2X IS GOOD OR was it expected :) 

investshare      ( Date: 18-Jul-2017 22:47) Posted:

2x oversubscribed

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KiLrOy
Elite
18-Jul-2017 23:04     
 
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Yells: "I buy only what I can see."
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 Alert Admin 		Will Lucky Joint continue to be their MAIN con?
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investshare
Supreme
18-Jul-2017 22:47     
 
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 Alert Admin 		2x oversubscribed
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KiLrOy
Elite
18-Jul-2017 21:02     
 
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 Alert Admin 		you take the fund they held and divide by 0.81.   If it equals to 13,000 means you kenna 13 lots lor.

AndyLoss      ( Date: 18-Jul-2017 15:57) Posted:

The message in the Bank says Refund-1 - does it mean that I have got something ? They have held my funds.
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sgng123
Supreme
18-Jul-2017 17:41     
 
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 Alert Admin 		2.7b private placement and only 185m available for public, total share including singtel 25% stake is around 3.8b share. Sadly 3.6b currently in the hand of bb and singtel which is appro 95%, in short only 5% is available for open market trading unless big players decided to offload which is unlikely. It another singpost in the making lol, monopoly market pricing controlled by state highly sought after by insurance and retirement fund due to it resistance to economy downturn.
 
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