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Australia's Straits Resources Singapore unit's IPO Post Reply Rate topic
YongJiu Veteran	07-Nov-2006 01:36        YongJiu About Contact  Quote this Post!
x 0   x 0  Alert Admin	today trying first low 0.585, which is under the water of 0.60 I see the history of MacgIntInfra fund.
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compass Member	04-Nov-2006 13:42        compass About Contact  Quote this Post!
x 0   x 0  Alert Admin	playable as the over-allotment/stabilisation factor is still in play.  spore size is 14m, over-allotment 48m but yesterday volume exceeded 62m. On another notes uspect some political upheavels in future now that exPresident's son realised from jail(Indonesia) . Likely old man is going to conk off anytime soon hence many Indo Chinese's assets are rushing to be listed elsewhere than the Jkt Stk Exch. Present President has no guarantee can last forever. Chinese biz there must make exit/insurance before any Islamic fanatics think of nationalisation of assets. Actually Chinese biz earned so much they sh do more charity there to gain trust. Wilmar, ISG, Wiluan (KS Energy), PT Berlian Laju, Gallant are some of the few here.
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teeth53 Supreme	04-Nov-2006 11:55        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	Still can conisder it performance very good with all the determined strong supporters around. to push this stock abnove water ::)) extra effort have to be made if it still want tobe to push up to $0.72c
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Nostradamus Supreme	03-Nov-2006 12:31        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	Gains were capped amid concerns that coal reserves at Straits Asia's mines on Sebuku island in Southern Kalimantan, Indonesia may not last beyond 10 years. The IPO was priced substantially below the maximum indicative price of $0.72 a share, but analysts say the stock may eventually reach that level over the next 12 months.
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Ricardo Member	03-Nov-2006 09:39        Ricardo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi YongJiu, Good morning and thanks. Sold out all 12 at 0.675 aredi. Make small kopi$$$ liao.
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YongJiu Veteran	03-Nov-2006 09:18        YongJiu About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Ricardo & lkw1974, so no worries this counter still above water =)
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Nostradamus Supreme	02-Nov-2006 22:15        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	It is expected to debut strongly tomorrow because investors see the stock as a good exposure to the rising global demand for energy, dealers and analysts said. The IPO was priced substantially below the maximum indicative price of $0.72 a share, but analysts said that the final price, equivalent to about 23x historic earnings and 8.6x book value, looked fair and should give investors a decent upside. "It does look like it's a good price," said David Radcliffe, an analyst at Sydney-based Southern Cross Equities. "The stock offers investors good growth opportunity." Radcliffe said the stock could rise by as much as 20% from its IPO price in the next 12 months. Straits Asia exports its coal to Japan, Malaysia, India and South Korea. Last year it produced 3 mln tonnes and this year it produced 850,000 tonnes by the end of March. The company expects to increase its output to 3.5 mln tonnes this year and to 4 mln tonnes next year. Its coal reserves in the parts of its Sebuku concession area that it has already begun to exploit are estimated to be 28.3 mln tonnes, and its potential coal resources in the parts where it has yet to begin mining are estimated to be about 73.3 mln tonnes. "In recent years, the growing demand for thermal coal has been fueled by soaring needs of booming Asian economies such as China and India. We believe Straits Asia is very well positioned to supply this growing demand for energy, given our geographical proximity to our key customers," said Straits Asia non-executive chairman Milan Jerkovic. JP Morgan analyst Ami Tantri, who is based in Jakarta, said demand for coal was sustainable because Asian countries were planning to build coal-fired power plants to augment electricity supply. "I don't see any problem with demand for both domestic and export markets, " said Tantri. Tantri said Indonesia produced an estimated 150 mln tonnes of coal a year, consuming 40 mln tonnes itself and exporting the rest, and that domestic consumption was expected to grow if the government goes ahead with plans to build coal-fired power plants with a combined generating capacity of 10,000 megawatts. Tantri said that while Straits Asia could benefit from the expected growth in demand in Indonesia and abroad, its mines in Sebuku had reserves that might last for only 10 years or less. The analyst said that even so, the company produced good quality coal and operated a modern facility with its own port. A dealer with a Singapore brokerage said Straits Asia should draw avid interest from investors because it was the first mining stock to list here. "It is expected to be above the IPO price, but it's not going to surge by much," the dealer said.
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Nostradamus Supreme	02-Nov-2006 22:11        Nostradamus About Contact  Quote this Post!
x 0   x 0  Alert Admin	It priced its $221m IPO at the lower end of an indicative price range. The move is the latest sign that investors are taking are more cautious view of energy-related assets and comes four weeks after U.S. marine fuel supplier Chemoil Energy called off a US$374m stock market listing due to poor demand. It said it sold the shares to investors at $0.60 each, 17% below the top end of a $0.55-0.72 indicative price range. Straits Asia Resources said it would sell an additional 48m shares after the initial offer of 320m shares was oversubscribed by 3.6x, bringing total proceeds to $221m. The shares are due to start trading on Friday. The company's assets include coal-mining operations in Indonesia's Sebuku island, in the province of South Kalimantan, and a commodity trading business in Singapore called Straits Global Trading. The Indonesian coal mine in Sebuku is expected to increase output to 4.0m in 2007 from an expected 3.5m this year.
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lkw1974 Member	02-Nov-2006 21:21        lkw1974 About Contact  Quote this Post!
x 0   x 0  Alert Admin	huh lidat is conspiracy leh.... maybe can highlight to the mgtment of their recenting listing, wilmar, kangda n this case straits asia... hahha then do a double short toml??
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compass Member	02-Nov-2006 20:42        compass About Contact  Quote this Post!
x 0   x 0  Alert Admin	If this one is helped out by cimb-gk you can forget abt any support. Been observing their pattern is sell first until u almost die then the counter will resurrect in other funds' hands. Other sites mentioned that their big time remisiers are very good in shorting maybe combined forces at work to short to make $$$.
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lkw1974 Member	02-Nov-2006 01:37        lkw1974 About Contact  Quote this Post!
x 0   x 0  Alert Admin	hahha i also have abit, hoping insitute come in.. some say insitute maybe got interest, some say only one mining coal in sgx, some say freeing the coal mining mrket, some say brokerage hse only given will little left over, which is good.... i hope they r true.. afterall coal is natural resource some say everyone also have is the jialat, which is mostly true... i hope not man... fri if no push, sell n run.... money also limited resource... can lose abit but not all
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teeth53 Supreme	02-Nov-2006 00:46        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	Problem with book making yahh......very hot, px max range, not hot, soso, px oso soso range and now discount, should not be hot, so px oso not hot, cold cold......range, think tink something gone wrong with book making scheme. Personnally i don like it way of ipo-ing in this way.
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Ricardo Member	02-Nov-2006 00:33        Ricardo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Thank U lkw1974. Would need all support hopefully to hold px afloat and above water.
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lkw1974 Member	02-Nov-2006 00:27        lkw1974 About Contact  Quote this Post!
x 0   x 0  Alert Admin	wow 12 lots?? must have tried like wat 100lots?? cool... anywya hope insitute will support.... i mining coy in sgx i tink...
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Ricardo Member	02-Nov-2006 00:09        Ricardo About Contact  Quote this Post!
x 0   x 0  Alert Admin	Hi Teeth53 Master, This time seow alredi-man. Kena 12 lots. Mesti offload early on Friday morning otherwise very likely to lose $$$$. Your kind advice noted and appreciated. ThankU.
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lkw1974 Member	01-Nov-2006 22:44        lkw1974 About Contact  Quote this Post!
x 0   x 0  Alert Admin	demand good?? how many times subcribed?
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jessie Senior	01-Nov-2006 18:33        jessie About Contact  Quote this Post!
x 0   x 0  Alert Admin	I didnt apply for this one. When I apply for IPO, I also dare not apply for large quantity - just in case it is undersubscribe and you kena all the lots applied for. Usually that will also mean that it is not a good sign.
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teeth53 Supreme	01-Nov-2006 17:32        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	Hi Ricardo, quite a big float, if kena, cut lost at best or best don kena, nothing much can do now, just cross ur finger liao, hope for the best.
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Ricardo Member	01-Nov-2006 16:59        Ricardo About Contact  Quote this Post!
x 0   x 0  Alert Admin	This time very chat lat liao. Hope IPO not success bcos apply 100..
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teeth53 Supreme	01-Nov-2006 16:13        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	how come? no good news ahh.....cha lat liao:(
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