SINGAPORE (Dec 3): mm2 Asia, a Singapore-headquartered movie and TV producer, is seeking a listing on the Catalist board.
The company will place out 37.4 million shares, comprising 31 million new shares and 6.4 million vendor shares, at 25 cents each, valuing the stock at 16 times earnings for the year ended March 31 (FY2014).
The shares will start trading on Dec 9.
In business since 2008, mm2 Asia has a presence in Malaysia, Hong Kong, Taiwan and mainland China.
It has three business divisions - production, distribution and sponsorship.
Its production operations cover the entire process of creating audio-visual content, including securing financing for a movie, developing the script, appointing the cast and crew, and managing the post-production process.
The company also distributes its own movies as well as third-party content in Singapore and Malaysia. After the theatrical run of a movie has ended, it can license out the content rights to earn licensing fees.
On sponsorship, it offers advertisers a platform to promote their products and services by featuring them in its movies.
The company will use the net proceeds of $5.7 million to expand in Singapore and overseas through acquisitions, joint ventures or strategic alliances.
Plans are afoot to produce more movies with bigger budgets and to expand its licensing business.
At present, it has more than 10 movies in various stages of production.
Its past projects include Ah Boys to Men and Ah Boys to Men II, which were produced together with Jack Neo’s J Team Productions.
mm2 Asia generated revenue of $16.1 million and earnings of $2.7 million in FY2014.
Hong Leong Finance ( Financial Dashboard) is its sponsor, issue manager and placement agent.
Wondering if Jack Neo and his comedian team have any vested interests?
(03-12-2014, 10:12 AM)CityFarmer Wrote: A new IPO from a movie producer...
Movie producer mm2 Asia to list on Catalist
SINGAPORE (Dec 3): mm2 Asia, a Singapore-headquartered movie and TV producer, is seeking a listing on the Catalist board.
The company will place out 37.4 million shares, comprising 31 million new shares and 6.4 million vendor shares, at 25 cents each, valuing the stock at 16 times earnings for the year ended March 31 (FY2014).
The shares will start trading on Dec 9.
In business since 2008, mm2 Asia has a presence in Malaysia, Hong Kong, Taiwan and mainland China.
It has three business divisions - production, distribution and sponsorship.
Its production operations cover the entire process of creating audio-visual content, including securing financing for a movie, developing the script, appointing the cast and crew, and managing the post-production process.
The company also distributes its own movies as well as third-party content in Singapore and Malaysia. After the theatrical run of a movie has ended, it can license out the content rights to earn licensing fees.
On sponsorship, it offers advertisers a platform to promote their products and services by featuring them in its movies.
The company will use the net proceeds of $5.7 million to expand in Singapore and overseas through acquisitions, joint ventures or strategic alliances.
Plans are afoot to produce more movies with bigger budgets and to expand its licensing business.
At present, it has more than 10 movies in various stages of production.
Its past projects include Ah Boys to Men and Ah Boys to Men II, which were produced together with Jack Neo’s J Team Productions.
mm2 Asia generated revenue of $16.1 million and earnings of $2.7 million in FY2014.
Hong Leong Finance ( Financial Dashboard) is its sponsor, issue manager and placement agent.
Great Production quality. Will be a Singapore Classic and cant think of any movie that the whole world will associate Singapore with for year to come which is similar to Steve Jobs movie which associate with Apple. It would be another movie that everyone around the world wants to watch.
27-03-2015, 11:19 AM (This post was last modified: 27-03-2015, 11:20 AM by vesfreq.)
This caught my interest recently. In this internet era, its quite hard to fathom growing viewerships at the big screens. Great films are usually shown at the big screens first and then distributed in dvd form (or blueray). Correct me if I'm wrong.
If viewership at big screens are not (likely) to experience a cosmic growth, then production may not be a very profitable venture. The context of the films are mostly quite local, esp the case for the ah boys to men.
The key determining factor of the biz to succeed is its ability to embark on high production value films. It seems quite difficult in this age of drama, movies and etc etc from Taiwan, Korea, HK readily available online. At the same time, those small time youtube production "houses" are also quite high in entertainment value, though they are not competing in the big screens. Youtube (and other online channels) are a potential thread to the viability of cinemas and big screen films (just my view).
Just to name one of those youtube based production teams that I thought had struck a deep impression. One of which was night owl productions. They didn't had big names, but the viewership is pretty good.
MM2 is surely an interesting biz without a doubt. There are many other more "interesting" counters to park our limited capital resources. Anyone vested in this? Care to share?
The thing I am scared most is not nightmares or market crashes..... Its my greed that I fear the most.
When people ask what is my target price, I never have any good answer for it because Philip Fisher said before (in Common Stock Uncommon Profit) that the best time to sell is never. Equity investment is buying into ownership, not betting slips.
The path to greatness and wealth is necessarily dangerous.... because greed is a fearsome fore that threatens your success at every step.
I am not sure if you have read about the latest sgx announcement from mm2,http://infopub.sgx.com/FileOpen/MM2%20-%...eID=342521 . They had just acquired a controlling stake in Vividthree which is a 3D animation production company.
“This proposed strategic investment is aligned with the group’s plans to diversify and expand into complementary business areas within the film production value chain. With this lateral extension into 3D animation services, the board believes the group will strengthen its competitive advantage as a movie producer and eventually gain access to new markets, customers and business opportunities.”
The news could be read from http://www.dealstreetasia.com/stories/sg-film-producer-mm2asia-acquires-controlling-stake-in-vividthree-4910/
This acquisition could give a positive impact to NTA, possible placement at 30ct.
(27-03-2015, 11:19 AM)vesfreq Wrote: This caught my interest recently. In this internet era, its quite hard to fathom growing viewerships at the big screens. Great films are usually shown at the big screens first and then distributed in dvd form (or blueray). Correct me if I'm wrong.
If viewership at big screens are not (likely) to experience a cosmic growth, then production may not be a very profitable venture. The context of the films are mostly quite local, esp the case for the ah boys to men.
The key determining factor of the biz to succeed is its ability to embark on high production value films. It seems quite difficult in this age of drama, movies and etc etc from Taiwan, Korea, HK readily available online. At the same time, those small time youtube production "houses" are also quite high in entertainment value, though they are not competing in the big screens. Youtube (and other online channels) are a potential thread to the viability of cinemas and big screen films (just my view).
Just to name one of those youtube based production teams that I thought had struck a deep impression. One of which was night owl productions. They didn't had big names, but the viewership is pretty good.
MM2 is surely an interesting biz without a doubt. There are many other more "interesting" counters to park our limited capital resources. Anyone vested in this? Care to share?
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