Posts: 3,894
Threads: 84
Joined: Aug 2011
Reputation:
78
Pretty amazing that 'no formal dividend policy' can be an 'attractive' dividend policy. Or in other words, pretty disappointed that its most attractive feature is just an unformalised promise to pay up to 90% of its net profit.
Posts: 785
Threads: 9
Joined: Aug 2013
Reputation:
12
O&G is very expensive and unreasonably charged against the patients. Most of the time the patients would have a thought of "what am I doing?" after waiting for nearly an hour in the clinic and see the gynae for 5 minutes and settle the hundred dollars of bill. And the most excited feature of the business is that auspicious cesarean delivery come with a surcharge ranging from few hundred dollars to thousands.
I can tell you that this is absolutely a cash cow business and money printing machine especially having operating in Singapore where generally all baby/child related expenses are overly priced. With this perspective, it also raises a doubt as to the real intention behind the listing. Why would the gynaes willing to share the profits with those ordinary people on the street?
If my prediction is not wrong, the listing would ultimately benefits the gynaes and not the shareholders. What is leftover with the company is just few peanuts for distributions to the minority monkeys.
I don't think I wanna be one of the monkey out there, but with such an interesting business, it may be a good hit and run target.
Posts: 2,278
Threads: 78
Joined: Oct 2010
Reputation:
34
This reminds me of the Talkmed listing which has done really well since its IPO.
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
Posts: 57
Threads: 0
Joined: Sep 2010
Reputation:
2
From what I have gathered, S$9.2m are expected from the IPO after deduction of the relevant expenses. The proceeds will be utilized as follows:
S$3m for business expansion: Looking to acquire as well as open more medical clinics. Also they currently only operating in Singapore but i believe they have ambitions to establish a “regional presence” in the future. In particular, Myanmar, Vietnam and Malaysia.
S$6m to be spent on investments in healthcare professionals and synergistic businesses: healthcare offerings to include infertility and IVF services; child care services; paediatrics (including neonatolgy); and gynaecological cancer specialties.
The remaining S$200,000 will be used for general working capital.
My initial thought:
1. Is S$3m enough for regional expansion? If not are we expecting future rights issues?
2. Paediatrics (PD) looks promising and I believe is another cash cow. For those with baby/child will know how expensive it is to see a PD for injection/consultation. The charge is easily more than double of a normal GP.
The toughest thing to do is have to wait for the opportunity patiently.
Posts: 2,808
Threads: 170
Joined: Sep 2010
Reputation:
1
WHere to get the hardcopy prospectus?
Posts: 80
Threads: 1
Joined: Nov 2014
Reputation:
1
29-05-2015, 03:25 PM
(This post was last modified: 29-05-2015, 03:35 PM by Stephen.)
Why does the doctors in SOG want to ipo?
Their business isnt really scalable as its limited by labour. They dont need much to raise much capital.
Wouldn't they be better off doing what they have been doing before as a private enterprise and therefore do not need to share any profits with other shareholders and keeping all to themselves?
Then u may say, they are cashing out..but the money raised isnt that much and i am sure they earn much more..
Listing now, they are saddled with more adminstration work.
Just weird.
And the dependency of apparently some super star doctors spell high risk...if they leave what happens to SOG.
Homepage
PR Newswire
