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10-04-2017, 02:12 PM
(This post was last modified: 10-04-2017, 02:13 PM by cyclone.
Edit Reason: Edited html tags.
)
20 cent per share * 96.99 million shares = S$19.4 million raised.
UnUsUaL opens at 45.5 cents, more than double IPO placement price
By: PC Lee
10/04/17, 10:49 am
SINGAPORE (April 10): Concert organiser and events promoter UnUsUaL made its trading debut on the Catalist board with a bang, opening at 45.5 cents, more than double its IPO placement price.
(See also: UnUsUaL, mm2 Asia spinoff, to raise $19.4 mil from IPO placement)
UnUsUaL, which is a spinoff unit of film and movie producer mm2 Asia, had offered 96.99 million placement shares at 20 cents each, or at 26.57 times FY15 earnings per share.
More details in http://www.theedgemarkets.com.sg/article...ment-price
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Good to see a greater variety of businesses listed on sgx.
I thought pricing it at 26 times earnings is already excessive. And yet people are paying up to 50 times? Good times...
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Since it is a placement only shares, I believe shatrs are all in friendly hands. I prefer to just watch from afar
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I saw some figures while reading TheEdge article on this company.
Quoted from TheEdge article on UnUsUaL:
"For the 9 months to Dec last year, revenue fell 28% to $16million. Earnings, however, grew 38% to $3.8million.......... It also recorded a $1.6million gain, mainly from equipment sales."
I haven't looked at UnUsUaL in detail, but just based on this article, this means that prior year earnings was $2.75mil (since it rose 38%)
Without the $1.6mil gain from equipment sales though, current year earnings would be (3.8mil - 1.6mil) = $2.2mil.
In other words, real earnings, taking out the 1 off earnings from "equipment sales" would actually have DROPPED from $2.75mil to $2.2mil.
Isn't it a bit of a coincidence that an extraordinary gain from equipment sales, changed the earnings picture from a drop, to a 38% rise, JUST BEFORE IPO?
I wonder how many folks who have contributed to the massive rise today really looked at these figures.
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(10-04-2017, 07:40 PM)karlmarx Wrote: Good to see a greater variety of businesses listed on sgx.
I thought pricing it at 26 times earnings is already excessive. And yet people are paying up to 50 times? Good times...
Mind bogging indeed. PE of 50 times. Even higher than bank and medical stocks. Only Jason Holding was comparable and where is Jason Holding now?
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(10-04-2017, 09:07 PM)TTTI Wrote: I saw some figures while reading TheEdge article on this company.
Quoted from TheEdge article on UnUsUaL:
"For the 9 months to Dec last year, revenue fell 28% to $16million. Earnings, however, grew 38% to $3.8million.......... It also recorded a $1.6million gain, mainly from equipment sales."
I haven't looked at UnUsUaL in detail, but just based on this article, this means that prior year earnings was $2.75mil (since it rose 38%)
Without the $1.6mil gain from equipment sales though, current year earnings would be (3.8mil - 1.6mil) = $2.2mil.
In other words, real earnings, taking out the 1 off earnings from "equipment sales" would actually have DROPPED from $2.75mil to $2.2mil.
Isn't it a bit of a coincidence that an extraordinary gain from equipment sales, changed the earnings picture from a drop, to a 38% rise, JUST BEFORE IPO?
I wonder how many folks who have contributed to the massive rise today really looked at these figures.
This is actually not UnUsUal at all (haha). Most companies do this prior to their IPO.
IPOs almost always shows a very nice growth of revenues, profits, and margins over a three year period. Either the numbers are massaged, or the growth is real. If the growth is real, then you may be buying at/near the peak of its growth. Understanding the market size and prospects of the industry will help us decide whether there can be continued growth.
Is there a big potential for growth in the industry which UnUsUal is operating in?
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Foo Fighters Makes Grand Return to Singapore after Two Decades
UnUsUaL Entertainment Pte Ltd,a wholly-owned subsidiary of UnUsUaL Limited will be bringing international stadium/arena headliners Foo Fighters to Singapore’s National Stadium on 26 August 2017.
This marks the 11-time Grammy Award-winning American rock band’s grand return to Singapore after more than 20 years since their last performance here in 1996.
Details of Foo Fighters Concert
Date: 26 August 2017, Saturday
Time: 8pm
Venue: National Stadium
Ticketing Hotline: 3158 7888 or log onto www.sportshubtix.sg.
More details in http://infopub.sgx.com/FileOpen/Unusual%...eID=454021
Enjoy Foo Fighters - These Days
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UnUsUaL Limited announced that Justin Bieber Purpose World Tour Concert in Singapore has been cancelled.
OFFICIAL STATEMENT ON JUSTIN BIEBER CANCELLATION OF REMAINDER OF PURPOSE WORLD TOUR:
Due to unforeseen circumstances, Justin Bieber will cancel the remainder of the Purpose World Tour concerts. Justin loves his fans and hates to disappoint them. He thanks his fans for the incredible experience of the Purpose World Tour over the last 18 months. He is grateful and honoured to have shared that experience with his cast and crew for over 150 successful shows across 6 continents during this run. However, after careful consideration he has decided he will not be performing any further dates. Tickets will be refunded at point of purchase.
More details in http://infopub.sgx.com/FileOpen/Press%20...eID=463772
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'The Company is looking at a certain corporate exercise, however it has not been finalised. If
or when it is finalised, the Company will make the necessary announcement. Other than this,
the Company is not aware of any undisclosed announcement that may explain the
movement of the share price.'
http://infopub.sgx.com/FileOpen/UnUsUaL%...eID=473017
Seems like there is a news leak. Shouldn't they be more specific about what 'corporate exercise' they are looking at, now that it is leaked?
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(04-10-2017, 08:45 PM)karlmarx Wrote: 'The Company is looking at a certain corporate exercise, however it has not been finalised. If
or when it is finalised, the Company will make the necessary announcement. Other than this,
the Company is not aware of any undisclosed announcement that may explain the
movement of the share price.'
http://infopub.sgx.com/FileOpen/UnUsUaL%...eID=473017
Seems like there is a news leak. Shouldn't they be more specific about what 'corporate exercise' they are looking at, now that it is leaked?
It seems like the corporate exercise is a 3 for 5 "bonus" issue, announced yesterday.
http://infopub.sgx.com/FileOpen/UnUsUaL%...eID=476463
As usual, the unusual thing about this would be the "3 for 5" number that ignores fractional entitlements.
Assume a hypothetical company that has 1 major shareholder A and 3 OPMIs - B/C/D (each with same shares) and they do similarly announce a 3-for-5 bonus issue:
Original share count (%) Bonus entitlement (share count) Share count after bonus issue (%)
A 208 ( 79.39%) 124 208+124 = 332 ( 79.81%)
B 18 (6.87%) 10 18+10 = 28 (6.73%)
C 18 (6.87%) 10 18+10 = 28 (6.73%)
D 18 (6.87%) 10 18+10 = 28 (6.73%)
Total 262 (100%) 10 18+10 = 28 (6.73%)
After the bonus issue of 3-for-5, major shareholder A miraculously own 0.42% more of the company now, with no extra money required. Is that UnUsual?
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