This month issuance is the worst interest in 2019 at 1.68%
Aug 2019 SSB gives an average interest rate of 2.01% over the next 10 years and can be applied thru DBS/POSB, OCBC and UOB ATMs and Internet Banking. This bond will be reflected as “SBAUG19 GX19080E” in your CDP statement or “GX19000E” in your SRS statement and “ CDP-SBAUG19 ” in your bank statement.
The 1st interest payment will be made on 1 Feb 2020, and subsequently every six months on 1 Feb and 1 Aug every year.
If you invest $1000, you will receive $202 in interest if you hold the bond till maturity in 2029.
ST Group Food Industries Holdings Limited is offering 30.077 mil placement shares for its IPO on Catalist at $0.26 per share. The IPO write up is available here.
The board of directors is pleased to announce that, as at the close of the Application List at 12.00 noon (Singapore time) on 1 July 2019, all the 30,077,000 Placement Shares available for subscription have been validly and fully subscribed for and application monies received for these Placement Shares amounted to S$7.8 million. There is no update on the number of times oversubscribed.
Mr. Saw Tatt Ghee (蘇達義), Executive Chairman and CEO of the Company, said,
We would like to extend a warm welcome to all our new shareholders. Thank you for your vote of confidence, and for believing in the growth story and future of ST Group. We are extremely excited to embark on this new journey with you. Our status as a listed company provides us a platform to enhance the visibility of our brands across our key geographical markets. Alongside the enlarged capital base from our successful listing, we believe we are now better-placed to build on our successes over the past seven years and elevate our business to the next level.
Placement of 30,077,000 Placement Shares at S$0.26 each, payable in full on application.
ST Group Food Industries Holdings Limited is offering 30.077 mil placement shares for its IPO on Catalist at $0.26 per share. Market capitalization based on 246 mil shares is S$64 mil. The offer will close on 1st July at 12 noon and start trading on 3rd July at 9 am.
The Company with a history dating back to 2011, It is an established F&B group headquartered in Australia, which owns exclusive franchise and licence rights to the following 6 internationally popular F&B brands or concepts in various territories in Australia, New Zealand, Malaysia and England, United Kingdom – "PappaRich", "NeNe Chicken", "Hokkaido Baked Cheese Tart", "Gong Cha", "IPPUDO" and "iDarts". We have also developed 2 of our own brands – "PAFU" and "KURIMU".
The Company has 38 owned outlets, 63 sub-franchised / sub-licensed outlets and cover 4 geographical markets.
Base on the offered document, the group has been growing steadily on their revenue on average by A$6 mil yearly from FY2016 to FY2018. Just HY2019 the revenue is A$24 mil and we could see that there is a possiblities it can hit A$50 mil when FY close.
Based on the price of the Placement Shares and the Group’s historical net earnings per share for the financial year ended 31 December 2018, the Group’s price-to-earnings ratio, calculated using it's pre-IPO issued and paid-up share capital is 19.5 times and PB is 4.26 times.
Conclusion
52% of the group outlets in Australia and New Zealand are leased from landlords of major shopping centers. The group also has a central kitchen which will serve the operations in Australia and New Zealand.
What I like about their operating model is the sales are generated by F&B retails and they are not overly dependent on major customers. The group will also expend into Malaysia by setting up a central kitchen and corporate office to support the business in Malaysia.
TrickleStar Limited is offering 15m placement shares for its IPO on Catalist at $0.26 per share. Market capitalization based on 81.791m shares is S$21.27 mil. The offer will close on 14th June at 12 noon and start trading on 18th June at 9 am.
The Company design and supply affordable, simple and easy-to-use energy-saving products to help consumers reduce energy consumption in their homes and workplaces. These products also protect consumer devices and help to minimise environmental impact by reducing energy wastage from appliances and consumer electronics products.
The products consist of energy-saving products includes Advanced Powerstrips, load controllers, energy meters, energy monitors and surge protectors.
Based on the price of the Placement Shares and the Group’s historical net earnings per share for the financial year ended 31 December 2018, the Group’s price-to-earnings ratio, calculated using its pre-IPO issued and paid-up share capital is 6.53 times and PB is 1.79 times.
Dividend
The group is committed to a dividend payout ratio of not less than 50.0% of our Group’s consolidated net profit after tax, excluding non-controlling interests and non-recurring, one-off and exceptional items, whether as an annual dividend or an interim dividend.
Conclusion
For this IPO, the group is raising SGD $2.4m which is a small amount for them to use as working capital. Their products will be popular for new homes or commercial properties where users are looking at saving energy for their daily usage and not forgetting the smart home. Since its a placement only IPO. let's see how the market determines the price of this company. Given it's low PE and PB, hope the faith is there.
July 2019 SSB gives an average interest rate of 2.16% over the next 10 years and can be applied thru DBS/POSB, OCBC and UOB ATMs and Internet Banking. This bond will be reflected as “ SBJUL19 GX19070W ” in your CDP statement or “GX19070W” in your SRS statement and “ CDP-SBJUL19 ” in your bank statement.
The 1st interest payment will be made on 1 Jan 2020, and subsequently every six months on 1 Jan and 1 July every year.
If you invest $1000, you will receive $217 in interest if you hold the bond till maturity in 2029.
Alliance Healthcare Group announced on 30th May 2019, there were 480 valid applications received for the 1 million Offer Shares available for public subscription. In total, these applicants applied for an aggregate of approximately 18.3 million Offer Shares, with application monies received amounting to approximately S$3.7 million.
Excluding applications for 565,000 Placement Shares by connected persons and the persons mentioned in Rule 428 of the Rules of Catalist, based on the Invitation size of 32,000,000 Invitation Shares and the total remaining valid applications received amounting to 48,823,000 Invitation Shares (comprising valid applications received for 18,388,000 Public Offer Shares and 30,435,000 Placement Shares), the Invitation was approximately 1.53 times subscribed.
Dr Barry Thng Lip Mong (唐立茂), Executive Chairman and CEO of Alliance Healthcare welcome speech on media release.
We are heartened by the positive response to our IPO, which is an indication of investors’ confidence in Alliance Healthcare’s business fundamentals and commitment towards delivering cost-effective and evidence-based medical solutions by leveraging the use of technology.
