IPO   

Ryobi Kiso

0.05 away from  IPO price ! Kana sai.

 

That is why I say "sway" (hokkien), it is suppose a good counter, but at the wrong place (Spore), wrong time ! Good Luck.

susan66      ( Date: 27-Jan-2010 23:14) Posted: "Ryobi Kiso (J8O.SG) holding just slightly above S$0.26 IPO price as investors content to take some money off table amid caution in broad market. Shares last at S$0.27 vs high of S$0.295 in early trade. "I guess people are playing it safe in this market. It's better to take profit while you still can," says dealer at local brokerage. Mild gains follow subdued debut Friday by Tiger Airways (J7X.SG), Singapore's first listing in 2010, which opened flat at S$1.50 before closing at S$1.58. Still, NRA Capital says fundamentals of ground engineering firm sound, backed by resilient construction sector; "going from 2009, private sector demand is expected to be soft, but public sector projects are expected to be robust. Ryobi Kiso has been able to generate an amazingly high margin as compared to other civil engineering related services." Notes company's gross margin for last three years ranged from 28.9%-37.5%. Orderbook quotes suggest minimal upside beyond current session high of S$0.295." Report sounds good but unfortunately listed at the wrong timing. Still no chance to sell yet, hope tomorrow will have chance. Knightrider, you also subscribed for this IPO? Just unlucky, bad timing.

 

"Ryobi Kiso (J8O.SG) holding just slightly above S$0.26 IPO price as investors content to take some money off table amid caution in broad market. Shares last at S$0.27 vs high of S$0.295 in early trade. "I guess people are playing it safe in this market. It's better to take profit while you still can," says dealer at local brokerage. Mild gains follow subdued debut Friday by Tiger Airways (J7X.SG), Singapore's first listing in 2010, which opened flat at S$1.50 before closing at S$1.58. Still, NRA Capital says fundamentals of ground engineering firm sound, backed by resilient construction sector; "going from 2009, private sector demand is expected to be soft, but public sector projects are expected to be robust. Ryobi Kiso has been able to generate an amazingly high margin as compared to other civil engineering related services." Notes company's gross margin for last three years ranged from 28.9%-37.5%. Orderbook quotes suggest minimal upside beyond current session high of S$0.295."

Report sounds good but unfortunately listed at the wrong timing. Still no chance to sell yet, hope tomorrow will have chance. Knightrider, you also subscribed for this IPO? Just unlucky, bad timing.

 

1st day already like that, beri ugly and that is why I say wrong timimg ! sway (bad luck).

 

knightrider      ( Date: 27-Jan-2010 09:44) Posted: For short term people, for today, got profit, run la ! $0.265  m coming. good luck .

 

Now 0.255 ! Submarine coming liao !

 

0.26 lai liao ! Good Luck.

 

possible to drop 8 - 10% ipo price?

maybe if drop till there can buy?

any ideas?

 

 

IS A GEM.. MUST BUY!!!

 

 

 

Outlook wise, the Company seemed to have sufficient projects on hand and the prospectus disclosed about $50m worth of projects that will be completed in the next 12 months. It would have been much better if investors are given performance for the first 3 months. A good thing about this company is that the piling projects are usually the "start" of a construction project and the cycle is relatively shorter and payout faster since foundation is the start of all construction projects. The peers in this sector are trading at very wide ranging multiples from low single digit historial PEs to triple digits PEs. Overall, i think the company is "priced-to-sell" in this market and based on a fair value PE of 8 to 10x, Ryobi's fair value will range from 36 cents to 45 cents as the 25% payout is less than 9 months away (assuming dividend payout in Sep 2010).

 

Hahaha, my Co. contractor

susan66      ( Date: 25-Jan-2010 22:50) Posted: A ground engineering solutions provider specialising in Bored Piling and Eco-friendly Piling and Geoservices, Ryobi Kiso Holdings Ltd. is registered under the construction related category under the workhead CR08 for piling with a financial grading of L6. This qualifies the Group to tender for public sector piling contracts without limitation to the contractual value. As at the date of the IPO Prospectus, the Group has established Ryobi Malaysia and Ryobi Geotechnique Malaysia to undertake projects and the sale of Geoproducts used for the provision of its geotechnical engineering services respectively in Malaysia. In July 2009, the Group has also incorporated Raffles Piling Vietnam in Vietnam to provide general construction services.

 

just avoid all the rubbish IPO, they are priced with an exorbitant premium and didnt take into account the correction in the market these few days

 

btw, u guys have any view on a upcoming ipo China Hu Ann Cable? Indicative ipo price is 41-53 cts 

 

luckily didnt subscribe..heng..cos nobody talking about this IPO until today..

 

Not yet, queue 0.285 but too late now drop back, still waiting, don't know have chance to sell or not.

 

What is the Target Price?

 

did u manage to sell off with profit

susan66      ( Date: 25-Jan-2010 21:56) Posted: Yes, applied, get 5 lots through placement. Hope it's good.

 

For short term people, for today, got profit, run la ! $0.265  m coming. good luck .

 

2day wrong timing and sentimental to IPO, "sway" (bad luck). See that it keep wanted to buy up the price to S$0.28, but the price keep going to S$0.275. This is a good counter, but too bad, wrong timing.

 

A ground engineering solutions provider specialising in Bored Piling and Eco-friendly Piling and Geoservices, Ryobi Kiso Holdings Ltd. is registered under the construction related category under the workhead CR08 for piling with a financial grading of L6. This qualifies the Group to tender for public sector piling contracts without limitation to the contractual value. As at the date of the IPO Prospectus, the Group has established Ryobi Malaysia and Ryobi Geotechnique Malaysia to undertake projects and the sale of Geoproducts used for the provision of its geotechnical engineering services respectively in Malaysia. In July 2009, the Group has also incorporated Raffles Piling Vietnam in Vietnam to provide general construction services.

 

Yes, applied, get 5 lots through placement. Hope it's good.