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Any views on this upcoming new IPO- MoneyMax

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Old 23-07-2013, 12:44 PM   #16
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looks good. may buy some.

Maxi-Cash IPO price was 30c as well.

Am interested in MoneyMax ipo
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Old 25-07-2013, 12:03 AM   #17
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When can start apply this iPo thru ATM ? Any update
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Old 25-07-2013, 12:08 AM   #18
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Maxi-Cash IPO price was 30c as well.

Am interested in MoneyMax ipo
I jus checked yesterday.

yes, Maxi-cash ipo price was also 30 cts
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Old 25-07-2013, 01:11 AM   #19
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Summary fact sheet: Link

Red herring weblink: Link

Some details from my broker.

Tentative Issue Statistics
Listing Status: Catalist
Issue Size: 53,800,000 new shares, Comprising;
- 51,300,000 placement
- 500,000 reserve
- 2,000,000 ATM
Issue Price: S$0.30
Enlarged Share Cap: 353,800,000
PER FY12: 18.2x (fully diluted)
Market Cap: S$106.14m

Public tranche (ATM) only 2000 lots!


MoneyMax has similar a business model as Maxi-Cash, with pawnbroking and jewelry retailing. Profit growth from FY2010-2012 looks great too. Looks like it's a local company looking to raise funds through IPO to expand it's business.

At IPO price of 30c, the fully diluted P/E is 18.2x. In comparison, Maxi-Cash is currently trading at 40x P/E. So far, looks like a good buy to me, unless there're hidden details.
Some info
Both MoneyMax and MaxiCash has each 20 over outlets scattered all over Singapore.
MaxiCash market cap is 200Million, MoneyMax is half of theirs.

MaxiCash is under same umbrella under the Koh Family of Aspial Corporation, Fragrance Hotel Group.
MoneyMax is under Soo Kee Jewellery's wing.
However barring all market sentiments etc, this IPO should do well. But investors have to take note on 2 issues.
MaxiCash is currently at 40+cts. During initial IPO, rose and then did fall below IPO price and take this as a guage on how far MoneyMax can perform.

Though however take note that though MaxiCash is just a subsidiary under Fragrance but Mr James Koh Wee Meng is a very astute businessman in property development and hotel business, wouldn't go wrong with this vision.
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Old 25-07-2013, 06:35 AM   #20
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Sorry guys... I'm noob here. This IPO is listed on Catalist, not SGX. If apply via ATM. Anything to take note? Are the Catalist shares kept in the same CDP account too?
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Old 25-07-2013, 11:40 AM   #21
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Sorry guys... I'm noob here. This IPO is listed on Catalist, not SGX. If apply via ATM. Anything to take note? Are the Catalist shares kept in the same CDP account too?
Short answer: Yes.
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Old 25-07-2013, 11:44 AM   #22
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MaxiCash is currently at 40+cts. During initial IPO, rose and then did fall below IPO price and take this as a guage on how far MoneyMax can perform.
Camping here for STAGGG vs nauchop round 2.

Hey DW! Pass the popcorn leh!
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Old 25-07-2013, 11:50 AM   #23
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Camping here for STAGGG vs nauchop round 2.

Hey DW! Pass the popcorn leh!
no mah, I support this IPO and think it will go up, so he wouldn't say
I am wrong.

Support meaning I think it will go up doesn't mean I will go for it. Because I prefer to see movement during open day before making decision.

Like last time Hutchison super hyped, 1st day, tanked and tanked. But I think many people forget about this lesson already.
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Old 25-07-2013, 12:44 PM   #24
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Camping here for STAGGG vs nauchop round 2.

Hey DW! Pass the popcorn leh!
1st round who wins?
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Old 25-07-2013, 12:56 PM   #25
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Camping here for STAGGG vs nauchop round 2.

Hey DW! Pass the popcorn leh!
Here you go Paul.....

Freshly baked!!!

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I get $1.2k dividend/month > dividendsrichwarrior.blogspot.sg
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Old 26-07-2013, 09:17 AM   #26
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2000 lots for public !
LOL !
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Old 26-07-2013, 09:27 AM   #27
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When can start apply this iPo thru ATM ? Any update
Keen to know too
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Old 26-07-2013, 09:44 AM   #28
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Those who got it must be very very lucky.... Anyway no harm to try...
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Old 26-07-2013, 10:06 AM   #29
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Can press alr

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Old 26-07-2013, 10:08 AM   #30
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ah stagg tio ban liao.

no more fight.
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