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Marco Polo Marine IPO..28ct Post Reply Rate topic
teeth53 Supreme	05-Nov-2007 19:16        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Does this one sound familiar to U.....kopi $$$ dispite STI is down almost 80 pt teeth53 Posted: 29-Oct-2007 22:39 A marine services and ship building player. Think is worthy to subscribe..... INVITATION STATISTICS ........................................................... 44 It PER ratio 11.8 times it earning.....A reasonable play, might be targeting it TP at 43-56c range....pending how hot is this IPO-ing stock. Just my tot, ur decision, ur $$$.
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teeth53 Supreme	05-Nov-2007 18:58        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	STI is in the red to a low of 3,638.22 and closed end of d day at  ST Index 3,670.18  -45.14 This IPO 1st day traded to a well supported level thou most regional index is down rite in red. Time Last Volume Bid/Ask 17:05:03 0.410 708,000 X 13:59:01 0.410 25,000 B 12:28:13 0.410 15,000 B 08:59:02 0.445 2,953,000 B Last Trades Volume Bid Volume Mid Ask Volume 0.380 1 100,000 0 100,000 0 0.395 18 268,000 268,000 0 0 0.400 38 4,369,000 2,555,000 0 1,814,000 0.401 1 15,000 0 15,000 0 0.405 250 5,824,000 4,486,000 50,000 1,288,000 0.410 259 8,972,000 4,208,000 708,000 4,056,000 0.411 1 130,000 0 130,000 0 0.415 299 10,513,000 5,927,000 0 4,586,000 0.420 308 8,154,000 4,454,000 0 3,700,000 0.424 1 25,000 0 25,000 0 0.425 97 3,222,000 1,167,000 0 2,055,000 0.430 129 3,944,000 1,602,000 0 2,342,000 0.432 1 100,000 0 100,000 0 0.435 73 2,630,000 982,000 0 1,648,000 0.439 1 10,000 0 10,000 0 0.440 34 1,227,000 967,000 0 260,000 0.445 17 4,174,000 4,052,000 0 122,000 0.450 34 1,170,000 446,000 102,000 622,000 0.451 1 60,000 0 60,000 0 0.452 1 20,000 0 20,000 0 0.455 9 346,000 1,000 0 345,000 0.460 1 10,000 0 0 10,000 TOTAL 1,575 55,533,000 31,115,000 1,570,000 22,848,000
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zhenxian Senior	04-Nov-2007 01:04        zhenxian About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thanks guys~! sian... no luck in this IPO either
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178investors Veteran	03-Nov-2007 23:57        178investors About Contact  Quote this Post!
x 0   x 0  Alert Admin	grey in the high 40s, anyone?
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Andrew Master	03-Nov-2007 22:27        Andrew About Contact  Quote this Post!
x 0   x 0  Alert Admin	I suggest checking CDP account @ http://www.cdp.com.sg/main/index.shtml on 1st trading day More accurate.  I got into trouble when DBS screw me with a "Conditional Allocation" with the Mid-Continutal so years back. I got backlisted for 2 years and credit limit downgraded for 1 lot no script. Even now, DBS will only states "Provisional Allocation". Take care.
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ilovebull Member	03-Nov-2007 21:33        ilovebull About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Zhenxian,  you can check your bank account balance.  If the full amount is refunded, then you are not successful. You can also check your CDP account. I also have no luck in this IPO....
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zhenxian Senior	03-Nov-2007 01:49        zhenxian About Contact  Quote this Post!
x 0   x 0  Alert Admin	First time IPO-ing, so can please tell me where can i find out i got it? thanks~!
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teeth53 Supreme	03-Nov-2007 00:31        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Congrat.......those lucky IPO-ing winnner, good for a STAG. Me no luck
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teeth53 Supreme	02-Nov-2007 23:26        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	IPO-ing result is out. http://159.43.254.157/sgxnews/sgxnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20071102:SGX_31781
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rdvjfung Member	31-Oct-2007 13:33        rdvjfung About Contact  Quote this Post!
x 0   x 0  Alert Admin	Fundementially, it seems like a good stock at a PE of 11.8 X. Given the recent strong boom in the shipping sector due to dry bulk carrier rates, should be quite a good buy from short term holding. All the best :)
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hawke009 Senior	31-Oct-2007 13:25        hawke009 About Contact  Quote this Post!
x 0   x 0  Alert Admin	ya lor, so far i never have any luck in getting IPO. Is just like buying TOTO. Pay $2 and no win b4.
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casper Member	31-Oct-2007 11:49        casper About Contact  Quote this Post!
x 0   x 0  Alert Admin	buy also no guarantee u get it.
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osaka_teddy Member	31-Oct-2007 11:18        osaka_teddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	So is this a good stock?
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Pinnacle Master	31-Oct-2007 10:00        Pinnacle About Contact  Quote this Post!
x 0   x 0  Alert Admin	IPO Statistics. Bloomberg ticker MPM SP Closing Date 1 Nov 2007, 12.00 pm Commence Trading 5 Nov 2007, 9.00 am Listing Status SGX Sesdaq Nature of Business Ship Chartering & Shipbuilding Date of prospectus 26 Oct 2007 Issue size: 53.55m New Shares (3.8m Public, 48.25m Placement and 1.5m Reserved) Offer price S$0.28 Gross proceeds ($?m) S$14.994m Key Manager, Underwriter & Placement Agent UOB Asia Ltd Historical PER for FY06 11.1x New IPO in the Marine Sector. Marco Polo Marine Ltd is a shipchartering and ship-building company. As per its public listing on SGX-Sesdaq, Marco Polo is offering 53.55m new shares, of which, 3.8m shares are allocated to the public. With an IPO price of S$0.28, Marco Polo will raise net proceeds of approximately S$13.2m. Post- IPO, the group's present directors, substantial shareholders and their associates will beneficially own approximately 80% of the issued shares. Expansion Ahead. The net proceeds of S$13.2m will be used for the development and expansion of their shipyard (S$5m), the expansion of vessel fleet (S$3m), and for general corporate and working capital requirements. Good prospects for a strong ship-chartering business. Marco Polo expects to see higher demand for the transport of constructedrelated raw materials as the 2 IRs drive the construction & property boom in Singapore. Also, with rising demand, alternate sources for the materials will be needed in the region - increasing the distances the ship chartering services will need to travel. The coal production and export industry, where the group recently commenced operations, is also expected to provide strong demand for their services. They have already secured a 1-year trans-shipment contract for coal worth approximately S$4.7m. The group intends to expand their customer base both regionally and by securing endusers in other industries such as commodity trading and marine logistics. A young shipyard with room to grow. Marco Polo's shipyard became operational in December 2005 (first half of FY06). They currently build only tugboats and barges but are in the process of constructing two dry-docks, a jetty and related facilities. Construction of one of dry-docks and related facilities are scheduled to be completed by end 2007. Construction of the second dry-docks and the jetty will begin either end 2007 or early 2008. The group's intentions are twofold: 1) establish ship repair, maintenance, and conversion services; 2) expand on the types of vessels and structures built with a focus on the oil & gas and marine logistic industries. These new vessel types would include tankers, landing crafts, rock barges, accommodation barges, offshore supply vessels such as AHTSs, cargo ships and so on. The group also believes they have enough expertise to undertake fabrication of the massive steel platforms for jack-up oil rigs. Good financials. In FY06, Marco Polo's revenue more than doubled to S$15.9m. For 6 months ended March 31, 2007 (HY07), revenue increased 200% to S$17.0m. Net profit rose 90.7% YoY to S$5.4m in FY06, and 263.6% in HY07 to S$4.4m. As of September 2007, the group's order book amounted to approximately S$4.7m for its ship-chartering business, and S$8.8m for its shipyard business. The majority of the aggregate amount (S$13.5m) will be realized in FY07, and the balance in FY08. Based on the IPO price of S$0.28 per share, Marco Polo's historical PER is 11.1x. The group's two closest peers according to the prospectus are presently trading at an average historical PER of 16x. We do not have a rating on Marco Polo. Background Marco Polo Marine Ltd is an integrated shipping group engaged in the ship-chartering and shipyard businesses. Based in Singapore, their ship chartering business has an established track record that goes back more than 15 years. Marco Polo?s shipyard became operational in December 2005 (first half of FY06). It is located in Batam, Indonesia. Batam has free trade zone status, and provides a low operating cost environment.
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teeth53 Supreme	31-Oct-2007 00:06        teeth53 About Contact  Quote this Post! Style: Flexible   Mood: Yells: "don't learn through life, learn to grow with life "
x 0   x 0  Alert Admin	Tikam, tikam 11 lots at ATM for me. Good luck those trying....sure got kopi $$$.
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osaka_teddy Member	30-Oct-2007 13:03        osaka_teddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Close: 1st November  Trade: 5th November
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1234567 Senior	30-Oct-2007 12:57        1234567 About Contact  Quote this Post!
x 0   x 0  Alert Admin	when the closing date for this ipo?
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CharmaineLim Member	30-Oct-2007 11:55        CharmaineLim About Contact  Quote this Post!
x 0   x 0  Alert Admin	any idea the grey mkt price?
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osaka_teddy Member	30-Oct-2007 09:42        osaka_teddy About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just whack oni...i apply 40 lots, hope can get some lots. So far, still no luck at IPO
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ROI25per Master	30-Oct-2007 09:37        ROI25per About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	family owns 80%, paying only 3c after listing; lee is damn $$$. seems like there is a lot of conflict of interest in their business, their major customer BBR is also own by lee. but who cares, also trying 30lots for stag
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