...objective is to provide information relating to trading under one roof. This Blog Malaysia Stock Picks: How to spot a good IPO and a bad IPO in ... 11 May 2012 I can't help but to mention one classic example of Vastalux Energy Bhd. In 2008, Vastalux stocks were undersubscribed and since its listing the share price hasn't climbed any higher than its IPO price and is currently facing ... http://malaysiastockpicks.blogspot.com/ 1 11 May 2012 How to spot a good IPO and a bad IPO in Malaysia Here is a guide to spot a good Initial Public Offering (IPO) and a bad IPO in Malaysia. Whether you are looking to subscribe for flipping for first-day gains or to hold for the long run, understanding why companies go for IPO is equally as crucial as looking for pertinent points that will increase your chances of striking a good deal and avoiding a bad one. Why Companies go for IPO? All companies listed on the stock exchange have one common interest in mind – to raise funds. Initial Public Offerings is the company’s first time raising funds selling its stock to the public. Fund are raised either for business owners themselves as they cash out from the company or for the company as they issue additional shares and sell them to the public. As we all know, another alternative for raising funds is debt. Debt and borrowings have to be repaid, whist capital raised through IPO doesn’t. This makes raising capital an interesting affair for any company established...
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...Listings and IPOs on Bursa Malaysia for Mining and Oil and Gas Companies Feizal Mustapha Executive Director, Advisory BDO Malaysia 21 August 2013 Asian Mining and Energy Investment Forum 2013 Shangri-La Hotel, Kuala Lumpur Mining and Oil & Gas Listings on Bursa Malaysia Listed Mining Companies • Malaysia Smelting Corporation Bhd • On 23 July 2013, Kinsteel Bhd obtained exclusive rights with KDYMM Sultan of Pahang to carry out mining operation of all types of iron ore and other minerals at Kuala Lipis 20 4 1 • Perwaja Holdings Bhd’s mining venture is still pending the final official award of iron ore mining concession in Bukit Besi from the Terengganu state government • Previous listed mining companies that have changed their core business: Listed Oil & Gas Companies Selangor Dredging Bhd Kuchai Development Bhd MMC Corporation Bhd Petaling Tin Bhd Exploration & Production Support Services (engineering, procurement, offshore drilling, equipment etc) 24 companies Shell Refining Company (Federation of Malaya) Bhd - one of the few listed in 1960s On 29 July 2013, UMW Oil & Gas Corporation Bhd received approval to list Listings and IPOs on Bursa Malaysia for Mining and Oil and Gas Companies Page 2 Mining and Oil & Gas Listings on Bursa Malaysia (Cont’d) No. of New IPOs for Oil & Gas Related Companies 8 6 4 2 0 2 2 No. of New IPOs 4 5 8 Source: Bloomberg Listings and IPOs on Bursa Malaysia for Mining and Oil and Gas Companies Page 3 Dearth...
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...IPO When a company decides to go public it is viewed as no longer been owned by a set of private individuals, but instead, it is viewed as now being owned by those individuals as well as by members of the public (or shareholders). This ownership is acquired by shareholders through the purchase of shares in an Initial Public Offering (IPO) or even after an IPO. “An Initial Public Offering (IPO) may be defined as the first sale of stock by a private company to the public. IPOs are often issued by smaller, younger companies seeking the capital to expand, but can also be done by large privately owned companies looking to become publicly traded.” The principal participants in the IPO process are the company’s management, board of directors, counsel, independent accountants, and pre-IPO stockholders; the managing underwriters, research analysts, and underwriters’ counsel; and, of course, the SEC just to name a few. A private company may decide to go public in order to raise additional capital to fund its business and or take advantage of an investment opportunity which will not only benefit the company but also its shareholders. There are many sound reasons for private companies wanting to go public. For instance, equity capital obtained from an IPO is considered a permanent form of capital since there is no interest to be paid on the equity, and it is not repayable like debt. Therefore, funds generated by a public offering are considered a relatively safe form of capital...
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...MasterTrader Coin Whitepaper This Whitepaper is a written description of what MasterTrader Coin is as a cryptocurrency. It includes: the specifications, security features, marketing plans, and innovational core components that back its’ overall value. This is also written to lay out MasterTrader Coin plans and Roadmap prospectus’. Comprising: future software and technology, MasterSave Certificate of Stake Program (COS), ToshiDesk™ Live Insider Trading API platform, and our future MasterHash™ Mining Solution. MTR MasterPlan Mission Statement: Why not get paid for valuable feedback? MTR has revolutionized the way we view micropayments globally. Finally, your thoughts, comments, trading advice, and content have monetized value! How it Works: MTR will initially premiere on the Social Media Platform ToshiDesk™, where MTR will be utilized as an incentive based digital currency. MTR will connect Advanced Level Crypto- traders who provide qualitative data, insight, and analysis within the FinTech industry to Novice & Intermediate enthusiast seeking an in-depth real-time perspective of the world of Digital Currencies. Main Focal Points of MTR: The platform ToshiDesk™ will have integrated web wallets attached to each account. Master (Content Provider) and Trader (Subscriber), have convenient & secure access to funds with instant confirmations within MTR’s blockchain. Each ToshiDesk™ user will have a generated wallet address linked to each account to deposit...
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...SEMINAR (Week 8) General Information: Seminars will be held in the week 8 of the semester. Students will work in group, 5 groups for each tutorial class. Each seminar session lasts for 25 minutes. Each group is responsible for a topic discussion: deliver the presentation and answer questions raised by the other groups. All class members are encouraged to be actively participating in the discussion after and/or during the presentations. Active participants are given higher marks whereas inactive participants might get lower marks. Free riders receive zero mark. Assessment: 10% for discussion (presentation, Q & A); 5% for the write-up (3 pages long only and to hand in directly to your tutor in week 9) Topics and guidelines for the seminars #1. How do Vietnamese stock exchanges operate? You should address at least the following issues: • • • • Compare HOSE and HNX How many types of orders are being executed in Vietnam? Trading process (how to buy and sell shares for example) Trading methods (for example: continuous matching method) and/or techniques such as margin trading, short-selling, repo if applicable Suggested issues: • • • • • • • • • Trading venue (floor-based or screen-based) Listing rules Ownership of the exchanges Price limit, trading halt Types of order, execution process Precedence rules Tick size, any procedure for block trades Methods of trading (quote driven or order-driven) Opening call/Closing call #2. General information of OTC market in Vietnam...
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...Pritamnagar 1st Dhal, Ellisbridge, Ahmedabad-6. GUJARAT, INDIA Phone : 079 - 2657 66 39, Fax : 079 - 2657 99 96 E-mail : info@smartinvestment.in smartinvest25@yahoo.in web : www.smartinvestment.in Price VOL : 3 Issue No: 32 RNI No : GUJENG / 2008 / 24320 8 4th Oct. to 10th Oct. 2010 Rs. 12/- CEBBECO, Oberoi Realty and B.S. Trans enters the market this week The listing of Carrer, EROS and Microtech may be most sensational How much the IPOs would be oversubscribed? What about refund? What is the possibility of allotment and listing price? Samtex Fashions Ltd. (BSE Code : 531206) (Rs. 33) In view of recent floods in Pakistan, rice crop there is likely to suffer and since Pakistan is one of the biggest exporters of rice, Indian rice exporters should gain due to likely fall in Pakistan's rice exports. Moroever, there is growing fancy agri-based companies. Hence, the recommendation to buy Samtex Fashions (name appears a misnomer as presently, garment business constitutes only tiny %age of its total business) as scrip is available at extremely low PE Ratio and has high book value. his Delhi based company was originally incorporated for garment business. However, now garment business accounts for hardly 10% of total turnover. Company has set up 3 rice mills For More details refer PrimaryMarket (Center Page) Jay Bharat Maruti (BSE Code : 520066) (Rs. 73) Belonging to Arya group, Jay Bharat Maruti is one of the oldest Autoancillaries of Maruti Udyog and has...
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...MATTHIAS HILD* The Google IPO initial public offerings (IPOs) since Netscape's public offering in 1995.' Bullish investors believed Google could set off a string of successful IPOs and put an end to a fouryear lull in technology offerings. 2 Executives at Google faced several questions in the following months, beginning with whether or not to sell shares to the public market.' If they made the decision to take the company public, what options did Google have for selling those shares? Was the traditional form of book-building through an investment bank necessarily the best course of action? As large investment banks were courting Google's potentially enormous business, management had to evaluate the different options available for a company ready to move forward. Ultimately, Google chose to sell its stock through W.R. Hambrecht + Co.'s OpenIPO, which was modeled on auction-based offering formats in France, Japan and elsewhere. In 2004, Hambrecht's track record of success was mixed at best and even today the future of this IPO format in the United States is far from certain. IN THE SPRING OF 2004, GOOGLE WAS ONE OF THE MOST TALKED-ABOUT I. HISTORY AND BUSINESS MODEL In 1995, Larry Page, 24, and Sergey Brin, 23, first met as Stanford University computer science graduate students.4 Their company Web site describes that first encounter as a clash of personalities that eventually led to their now-famous creative solution for retrieving relevant information from large sets of data...
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...Initial Public Offering: Gevo, Inc. FIN516: Advanced Managerial Finance Janice Jensen February 9, 2014 An Initial Public Offering (IPO) is when a private company sells its first stock to the public. This is usually done by company’s who are smaller and or “younger” looking to raise capital in order to expand. It can however be done by larger private companies that want to become public. IPO’s can be a risky investment, as the investors do not know how the stock will do on its first day of trading, in addition, there are not much historical data either. In August 2010, Gevo Inc., filed for IPO with the SEC, which went public in January 2011. Gevo Incorporated was founded in 2005 and known as Mechanotech, Inc. and changed its name in 2006 to Gevo Incorporated. Gevo Incorporated “is a leading renewable chemicals and advanced biofuels company.” (Gevo, 2011) They are looking for alternatives to petroleum-based products, by using “a combination of synthetic biology and chemistry”. (Gevo, 2011) They were founded in 2005 and known as Mechanotech, Inc. and changed its name in 2006 to Gevo Inc. Gevo filed with the SEC for their IPO in August 2010. In their filing with the SEC, Gevo notes that investing with their company provides high degree of risk. They go on to note that those that are interested in investing with them need to consider all the factors. One of the biggest factors is their financial statements have shown losses since their inception and notable in 2007 - $7...
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...initiated an IPO in July 2006 when Carlyle group, together with Clayton, Dubilier &Rice, and Merril Lynch Global Private equity , three prominent firms had filed to take the firm public. However this action has come just seven months after the three had combined to purchase Hertz from Ford Motor Company for Approx. $15 million. Berg, MD of Vandelay Capital Management debated whether to invest in this IPO.The LBO sponsors had borrowed an additional $1 billion on top of the buyout financing to pay themselves a special dividend in June 2006 , being the biggest reason why the IPO generated widespread criticism along with the speed with which the IPO was conducted . In the face of this criticism, the demand for the Hertz IPO weakened, and the offer price was reduced from the initial file price range of $16-$18 to just $15. Berg must assess whether at $15 per share, Hertz offers an attractive investment for this fund. After detailed analysis on the sponsors' returns on their investment and the attractiveness of the $15 offer price to public shareholders, along with the circumstances surrounding the IPO, it was concluded and advised not to invest. Reasons behind the IPO One of the obvious reasons behind the IPO was Hertz’s strong brand equity that gave it strong pricing power since it was ranked as the top worldwide general use car rental brand and one of the largest rental companies in the U.S and Canadian markets combined. Furthermore, the timing at which the IPO was taking place...
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...Hertz Ipo Case Analysis Executive Summary Hertz group had initiated an IPO in July 2006 when Carlyle group, together with Clayton, Dubilier &Rice, and Merril Lynch Global Private equity , three prominent firms had filed to take the firm public. However this action has come just seven months after the three had combined to purchase Hertz from Ford Motor Company for Approx. $15 million. Berg, MD of Vandelay Capital Management debated whether to invest in this IPO.The LBO sponsors had borrowed an additional $1 billion on top of the buyout financing to pay themselves a special dividend in June 2006 , being the biggest reason why the IPO generated widespread criticism along with the speed with which the IPO was conducted . In the face of this criticism, the demand for the Hertz IPO weakened, and the offer price was reduced from the initial file price range of $16-$18 to just $15. Berg must assess whether at $15 per share, Hertz offers an attractive investment for this fund. After detailed analysis on the sponsors' returns on their investment and the attractiveness of the $15 offer price to public shareholders, along with the circumstances surrounding the IPO, it was concluded and advised not to invest. Reasons behind the IPO One of the obvious reasons behind the IPO was Hertz’s strong brand equity that gave it strong pricing power since it was ranked as the top worldwide general use car rental brand and one of the largest rental companies in the U.S and Canadian markets...
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...Week 1 iLab ------------------------------------------------- TCO 1: Given a simple problem, design and desk-check a solution that is expressed in terms of pseudocode, flowchart, and/or input-process-output (IPO) diagrams. iLab This exercise will cover the steps used to create a solution. You will use variable lists, IPO charts, pseudocode, flowcharts, and desk-checking. Rubric Point distribution for this activity: Lab Activity | Document | Points possible | Points received | Part 1 | 10 | | Part 2 | 10 | | Part 3 | 10 | | Part 4 | 10 | | Part 5 | 10 | | Total points | 50 | | Problem You have an idea for a restaurant tip calculator app that you want to develop for use on your mobile phone when you go out to eat. You can enter the amount of the check before taxes, the tax rate, and the tip percentage. It should display the amount before taxes, the dollar amount of the taxes, the dollar amount of the tip (calculated on amount before taxes), and the total amount including taxes and tip. (1) Variable List With Data Type List all the variables you will use (use valid variable names). Indicate whether the data type is string, integer, or decimal, and so on. (2) IPO Model List the inputs, any processes, calculations, and outputs. Use the same valid variable names you used in Step 1. Inputs | Process (calculations) | Outputs | | | | ------------------------------------------------- Hints: (1) While it is true that...
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...FIN 516 – Advanced Managerial Accounting IPO Paper The Fresh Market, Inc. June 9, 2013 Fresh Market, Inc. Company Overview The Fresh Market is a high-growth specialty retailer focused on creating an extraordinary food shopping experience for its customers. Since opening the first store in 1982, the company has offered high-quality food products, with an emphasis on fresh, premium perishables and an uncompromising commitment to customer service. The Fresh Market seeks to provide an attractive, convenient shopping environment while offering its customers a compelling price-value combination. As of October 28, 2010, The Fresh Market operated 100 stores in 20 states, primarily in the Southeast, Midwest and Mid-Atlantic United States (Nasdaq, 2013). The business is characterized by the following key elements: • Differentiated food shopping experience. The Fresh Market provides a differentiated shopping experience that generates customer loyalty and favorable word-of-mouth publicity. We combine fresh, carefully-selected, high-quality food products focused on perishable categories, with a level of customer attention that the company believes is superior to conventional grocers, and it strives to create a “neighborhood grocer” atmosphere. • Smaller-box format and flexible real estate strategy. The stores average approximately 21,000 square feet, compared to the approximately 40,000 to 60,000 square foot stores operated by many conventional supermarkets. Within this...
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...dit NMIMS | The World .com fall - IT Bubble burst | | Poleswar Rao V | | INTRODUCTION The dot-com industry began in the early 1990s as a collection of startup companies using the Internet as their primary means to conduct business. These companies typically used the “.com” suffix in their company names, such as Amazon.com, and proliferated in the late 90’s with the massive investments in Internet-related stocks and enterprises. But with the failure and consolidation of many of these companies their numbers have since dwindled. The catastrophic collapse of the dot-coms that shook the U.S. economy started in May 2000. More than 210 dotcom companies failed in 2000 and a total of 762 dot-coms closed for the period January 2000 to December 2001. Since many of these dot-coms began to lay off their staff, the unemployment rate also increased from 3.9% to 6% by 2002. The dot-com bubble burst because the boom was based on the false premise that new technology would eliminate the need for brick-and-mortar stores as this new business model would supplant the old one, thereby converting the “Old Economy,” which is based on the production of physical goods into a “New Economy,” which is based on heavy use of information and communication technology. Although a great deal can be learned from examining the dot-com successes, it is equally important to study reasons for the failures. Examining the mistakes made by the dot-coms can provide insight into the evolution of e-commerce...
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...Week 1 iLab ------------------------------------------------- TCO 1: Given a simple problem, design and desk-check a solution that is expressed in terms of pseudocode, flowchart, and/or input-process-output (IPO) diagrams. iLab This exercise will cover the steps used to create a solution. You will use variable lists, IPO charts, pseudocode, flowcharts, and desk-checking. Rubric Point distribution for this activity: Lab Activity | Document | Points possible | Points received | Part 1 | 10 | | Part 2 | 10 | | Part 3 | 10 | | Part 4 | 10 | | Part 5 | 10 | | Total points | 50 | | Problem You have an idea for a restaurant tip calculator app that you want to develop for use on your mobile phone when you go out to eat. You can enter the amount of the check before taxes, the tax rate, and the tip percentage. It should display the amount before taxes, the dollar amount of the taxes, the dollar amount of the tip (calculated on amount before taxes), and the total amount including taxes and tip. (1) Variable List With Data Type List all the variables you will use (use valid variable names). Indicate whether the data type is string, integer, or decimal, and so on. Check Amount double Tax Rate double Tip Percent double Tax Amount double Tip Amount double Grand Total double (2) IPO Model List the inputs, any processes, calculations, and outputs. Use the same valid variable names you used in Step 1. Inputs | Process (calculations)...
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...Global Market Asian stock increased in the last two weeks excluding Japan, of which the Nikkei declined by 2.85% in continuous three weeks, mainly due to the weak economic reports from Japan and the Bank of Japan’s decision to keep its monetary policy unchanged. This overall growth should be attributed to the boosting measures taken by governments. China accelerated approval of quotas to QFII to boost the market. The Ministry of Finance in India lowered the withholding tax on overseas borrowings to encourage raising funds abroad. South Korea planned to cut its financial deficit next year to the smallest in six years to improve fiscal health. Moreover, investors have gotten less risk-averse as the European sovereign-debt situation has become less volatile and the U.S. Federal Reserve has announced a third round of bond-buying stimulus. Yield Curve Most of Asian countries’ government bonds have a high yield curve. For example, the yield curve of Chinese government bonds below is over 1 per cent higher than that of U.S. Treasury. This feature mirrors the worrying credit environment in Asia. However, the credit environment will be and is being better, which will be explained more later. Economic Data In the past two weeks, many Asian countries disclosed quite favorable economic data. For example, CPI and Industrial production of Singapore increased by 4% and 2.5% year-to-year respectively while those of Korea increased 1.2% and 0.2%. Retail sales of Hong Kong increased 3.5%...
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