Trans-Cab IPO

[Shion]

Let us analyze...

Product Highlights Sheet

https://drive.google.com/file/d/1xSYXOhQy4MoVAOYp7edobdF0Ukc6dalh/view

 

[coolhead]

Let us analyze...

Product Highlights Sheet

https://drive.google.com/file/d/1xSY...0Ukc6dalh/view

their future business plans no change from existing model lol....

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[klanddt]

Is like Uber. Life carries on. Founder exits with billions but those who bought into IPO said to themselves "what just happened? We are never going to make any money by investing?"

their future business plans no change from existing model lol....

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[Shion]

their future business plans no change from existing model lol....

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Yes, nothing exciting or special. Expansion on current operations.

Revenue downwards trend too.

 

[coolhead]

Yes, nothing exciting or special. Expansion on current operations.

Revenue downwards trend too.

it's as if these future plans will help in company growth lol. other major taxi companies are already doing these now. haha.

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[Shion]

it's as if these future plans will help in company growth lol. other major taxi companies are already doing these now. haha.

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The price to go below IPO price on first day, perhaps ?

 

[coolhead]

The price to go below IPO price on first day, perhaps ?

definitely interesting I will keep watch of it. Dun even know if it will be oversubscribed.

 

[itedino]

Unless they go into property or shopping mall as reits for rental

 

[weng0202]

definitely interesting I will keep watch of it. Dun even know if it will be oversubscribed.

Got chance of undersubscribe? Maybe the ipo will fail to launch again. Haha

 

[articland05]

Got chance of undersubscribe? Maybe the ipo will fail to launch again. Haha

forgot to pay listing fees this time...

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[Shion]

The news article in 2014 reported Trans-Cab after-tax profit was $36.3m for FY2013

Based on the product highlights sheet, the figures have declined. Also, they want to expand their fleet and based on the news article, their fleet has declined 30+% between 2014 and 30 Jun 2019 (of course, CDG's fleet also dropped over the years too)

I am curious what are the exact potential acquisitions, JVs and strategic alliances they are looking at other than working with ride-hailing firms.

Does anyone have the document back in 2014 on what Trans-Cab intend to do back then so as to compare with this time round ?

 

[Paul Lee]

I am curious what are the exact potential acquisitions, JVs and strategic alliances they are looking at other than working with ride-hailing firms.

Does anyone have the document back in 2014 on what Trans-Cab intend to do back then so as to compare with this time round ?

The best document you can get from any company (listed or aspirant) is its IPO prospectus (preliminary or final).

Trans-cab cancelled the IPO after it was launched, so the 2014 final prospectus was available and is still available.

Trans-cab Holdings Ltd Final Prospectus dated 12 November 2014

Have fun reading!

 

[klanddt]

It appears that their plan has not improved since 5 years ago. Lol

The best document you can get from any company (listed or aspirant) is its IPO prospectus (preliminary or final).

Trans-cab cancelled the IPO after it was launched, so the 2014 final prospectus was available and is still available.

[mocument/

Have fun reading!

 

[SpinFire]

If market sentiments are good, can buy for flipping. Don't think it'll be good for long term holdings unless the listing valuation is very attractive.

 

[articland05]

If market sentiments are good, can buy for flipping. Don't think it'll be good for long term holdings unless the listing valuation is very attractive.

i think if they finally rem to pay all the fees and somehow get listed, price will crash after price stabilization is over...

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[weng0202]

If market sentiments are good, can buy for flipping. Don't think it'll be good for long term holdings unless the listing valuation is very attractive.

I have very little faith with ipo in Singapore these days. Very few quality companies listing in Singapore.

 

[articland05]

IPO called off 2nd time.
lololololol...

https://www.businesstimes.com.sg/companies-markets/trans-cab-calls-off-ipo-a-second-time-amid-virus-outbreak-0

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[Shion]

IPO called off 2nd time.
lololololol...

https://www.businesstimes.com.sg/companies-markets/trans-cab-calls-off-ipo-a-second-time-amid-virus-outbreak-0

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Will they be able to instill confidence in investors if they proceed with IPO for the 3rd time in future...

 

[coolhead]

what a ***** joke.

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[Paul Lee]

Will they be able to instill confidence in investors if they proceed with IPO for the 3rd time in future...

I dun see why not.

As long as they have a compelling business case for investors.

I actually think it was a good decision to call it off. There's been absolutely no buzz at all over this counter compared to all the hype generated by Elite Commercial REIT.

While it's understandable to some extent, regardless of how boring the Trans-Cab business may be, there should be greater impetus at PR and create awareness.

The biggest problem that Trans Cab has is an image problem. The idea of putting money in a traditional old-fashioned family business does not make a strong compelling investment case.

There are not many traditional old-fashion family businesses that can successfully transform into a professionally run business suitable for listing on the stock exchange. Many have tried and failed.