Back

Latest Forum Topics / Others

Post Reply

Chemoil Energy IPO Post Reply Rate topic
koonzzz Member	11-Dec-2006 17:55        koonzzz About Contact  Quote this Post!
x 0   x 0  Alert Admin	hi chipchip i figured it out already. thanks
Useful To Me  Not Useful To Me
koonzzz Member	11-Dec-2006 17:42        koonzzz About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi chipchip So we can use DBS internet banking? Is there any special feature we have to turn on in order to do this?
Useful To Me  Not Useful To Me
chipchip66 Master	11-Dec-2006 17:23        chipchip66 About Contact  Quote this Post! Style: Flexible   Mood:
x 0   x 0  Alert Admin	Yes you can use internet banking.
Useful To Me  Not Useful To Me
koonzzz Member	11-Dec-2006 17:19        koonzzz About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi How do we subscribe to this IPO? Any way to do it electronically? Any senior here can advise. thanks
Useful To Me  Not Useful To Me
chew8888 Member	07-Dec-2006 23:14        chew8888 About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi, is this stock to be traded with US$? Is so, shouldn't need to worry about US$ exchange rate against Sing$??
Useful To Me  Not Useful To Me
zhuge_liang Supreme	07-Dec-2006 23:03        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	Yes, can subscrbe. But upside may not be much if there's no catalyst.
Useful To Me  Not Useful To Me
eunoseunos Member	07-Dec-2006 21:41        eunoseunos About Contact  Quote this Post!
x 0   x 0  Alert Admin	Since NRA fair value of this stock is US54 cents. And this IPO is price at US45 cents. This means that there is profit if NRA is correct. Does this mean can subscibe. Please enlighten. Thanks.
Useful To Me  Not Useful To Me
zhuge_liang Supreme	07-Dec-2006 18:40        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	CEO is so confident of the company's prospects that he's buying 16% of the offer shares. That will bring his stake to about 45% after the IPO.
Useful To Me  Not Useful To Me
Nostradamus Supreme	06-Dec-2006 21:17        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	3Q results disappointed. Operating profit fell 9.7% yoy. NRA said that current valuations are undemanding at 7.6x FY06 EPS. It has a fair value of US$0.54. The CEO could be buying back the shares, providing support to the price.
Useful To Me  Not Useful To Me
Nostradamus Supreme	30-Nov-2006 01:07        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	It said it expects record earnings this year, led by steady contributions from all its geographical markets. "We are confident that we will surpass last year's bottom line," Chemoil CFO Jerry Lorenzo said at a media briefing. During the nine months ended September, the group recorded net profit of US$44.11 mln compared with the US$49.46 mln posted for the whole of last year. "Next year will be better," Lorenzo said, adding the group expects to see more volume growth, driven by the completion of its acquisition of Allround Fuel Trading Chemoil BV (AFT). Chemoil executive chairman and chief executive Robert Chandran said he was not satisfied with the IPO price -- which gives Chemoil a price to earnings ratio of 7x 2007 earnings, a huge discount to its peer World Fuel's 18x its PE ratio -- but added he is not looking to list the company elsewhere. "I don't like the the valuation. We are hoping that once investors know about the company and how it performs, our valuation will go up," Chandran said. Chandran said the company will focus on maintaining profitability going forward by adopting backward integration of terminals and other logistic assets and by increasing margins. Chemoil plans to start bunkering operations and a joint venture to build a terminal at Fujairah in the United Arab Emirates. It also plans to start bunkering operations in India, Eygpt and the US, and terminal operations in a new port in the US. It will also invest in terminals in Singapore, the Netherlands and Panama, and buy more barges to reduce chartering expenses and exposure to charter rate fluctuations. "We choose projects that give a ROE of 15-20% and a minimum payback period of 5-10 years," Lorenzo said. He added that the group plans to deploy the IPO net proceeds of US$81 mln within 12 months from its listing. Chandran noted that if the group can achieve the same kind of margins it achieved in Los Angeles in other parts of the world, its net profit could easily double. "Even if we don't do volume increase, (and) we just do backward integration and extraction of margins, we can double our net profit," Chandran said. Chemoil is one of the largest suppliers of marine fuel in the world, selling some 13.3 mln metric tons of fuel for 2005. In 2004 it expanded its business to include trading, marketing and sale of jet fuel, gasoline and diesel fuel in the US and South America.
Useful To Me  Not Useful To Me
Nostradamus Supreme	30-Nov-2006 01:02        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	The last time the IPO was cancelled was because the price was too high and the response was poor. The decision to sell shares at the cheapest possible price, equivalent to just 7x forecast 2007 earnings, comes despite a strong run for stock markets in recent months. Bankers working on the deal said some investors had found it difficult to gauge the company and its prospects given the lack of comparable stocks.
Useful To Me  Not Useful To Me
knightrider Elite	29-Nov-2006 15:33        knightrider About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Last time might be some miscalculation, thus this time they calculate it correctly. And make it more afforable for public like us who do not have big canon bullets ($$$), but only have some peanuts to afford to invest in a cheaper counter !!!! They rather catch more small ikan than big one. So you think, in this world more peanuts or more canon, obviously more peanuts like us. Thus they calculate and think it is more viable to catch attention of percentage of peanuts. This in-turn also sense that the share market is over heated. Be careful, it is a warning, correct me if I am wrong ! I just guess it, and just for you reference and pleasure reading purposes. Good Luck.
Useful To Me  Not Useful To Me
lg_6273 Elite	29-Nov-2006 15:25        lg_6273 About Contact  Quote this Post!
x 0   x 0  Alert Admin	1 thing dun understand is how could the big boys be wrong with the initial valuation; they are suppose to be experts in this area, that should not be an excuse. Also, they canceled off the IPO as they do not want to sell it undervalued @ 55-85cents, now they r selling @ 45cents. Wondering who will pay for the cancellation cost for the initial ipo.
Useful To Me  Not Useful To Me
Nostradamus Supreme	29-Nov-2006 13:48        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	It has relaunched its IPO at US$0.45. Chemoil said the placement shares, excluding the 35.97 mln that were allocated to Andorra Services Ltd, were 2.48x subscribed, with the bulk of demand coming from Asian investors. The retail tranche opens for subscription today. Investors applying for the public offer are required to pay in Singapore dollars of about $0.70 per share. The IPO closes on Dec 12 and trading is expected to begin on Dec 14. The joint bookrunners in early Oct were JP Morgan, Morgan Stanley and UBS Investment. JP Morgan and UBS are still the bookrunners but Morgan Stanley is no longer involved. UOB Asia is the coordinator for the IPO. The source noted that the pricing was a result of poor demand as a result of declining stock markets in the United States and Asia near the closing period of the sale.
Useful To Me  Not Useful To Me
zhuge_liang Supreme	24-Nov-2006 18:24        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	I think it has to reduce its price further to get a good response.
Useful To Me  Not Useful To Me
zhuge_liang Supreme	24-Nov-2006 18:23        zhuge_liang About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is looking to raise as much as US$124 million in its second attempt to list after it cancelled a planned US$374 million IPO in October. The company said it would sell a total of 224.8 million shares at a maximum price of US$0.55 a share, according to a prospectus filed with the Monetary Authority of Singapore on Friday. It plans to sell 160.17 million new shares and 64.63 million shares would be sold by Japan's Itochu Corp, a shareholder in Chemoil Energy. The final pricing is due Dec. 12. Chemoil said the proceeds would be used to expand overseas in the United Arab Emirates, India and Egypt. It would also invest in terminals in Singapore, the Netherlands and Panama, the prospectus said. In October, Robert Viswanathan Chandran, founder and CEO of the San Francisco-based marine fuel oil firm, told Reuters that company had cancelled the IPO because he was disappointed how investors valued the company. Chemoil's shares were initially offered to investors at a price range of US$0.65-US$0.85. That price range was later lowered to US$0.55-US$0.85, before the IPO was pulled altogether. Bankers and investors said the main reason for the lukewarm response to the deal was the fall in oil prices. Chemoil has 20% of the U.S. marine fuel market and 5% of the global market. The firm has operations in the United States, Panama, the Netherlands, India and Singapore. JP Morgan and UBS are lead managers for the share offering.
Useful To Me  Not Useful To Me
Nostradamus Supreme	05-Oct-2006 12:53        Nostradamus About Contact  Quote this Post!
x 1   x 0  Alert Admin	It has not decided whether to go ahead with a listing in future. But Robert Viswanathan Chandran, founder and CEO, said in a telephone interview with Reuters that Chemoil would go ahead with its plans to build an oil storage terminal in Singapore. Chandran, who set up the company in 1982, said he compared Chemoil to World Fuel Services Corp. , a U.S. fuel services supplier to airports and seaports, in terms of its valuation. Based on Reuters data, World Fuel had a PER of 17.7x 2006 earnings and 14.6x 2007 earnings. "Ours was 8 or 8.5 at 55 US cents" for 2007, Chandran said, adding that he had expected the valuation for the company's shares to rise during the book building process, rather than fall.
Useful To Me  Not Useful To Me
knightrider Elite	04-Oct-2006 11:27        knightrider About Contact  Quote this Post!   Mood:
x 0   x 0  Alert Admin	Hi, Although I did not apply, but this is not the 1st such case here in Singapore. LAst time also got 1 case lah ! Do not worry, they will return you the money plus the S$1 ATM application fee. What you all "lookie" is the interest, no big deal !Good Luck.
Useful To Me  Not Useful To Me
august Senior	04-Oct-2006 11:15        august About Contact  Quote this Post!
x 0   x 0  Alert Admin	Any idea then, when will they be returning us our application money ?? It's still no where in sight !
Useful To Me  Not Useful To Me
allantanhc Veteran	03-Oct-2006 21:10        allantanhc About Contact  Quote this Post!
x 0   x 0  Alert Admin	Just check announcements on SGX. Yes, Chemoil has withdrawn its IPO.
Useful To Me  Not Useful To Me

                                                         First   1-20 of 49   Older>   Last