u go elsewhere......

astro not a shariah counter

BTW, who r u to shoo off people.....

i'm talking abt Syariah in investing/trading.... more the reason why they put SC in driver's seat. To put things in perspective

Anyone interested in MITI Application for Astro IPO can let me know.
I'm working in Maybank Investment Bank.
Currently no indicative price yet.

Cheers,

do u heard any news when it will be listed?

KUALA LUMPUR, Aug 8 — Astro Malaysia Holdings Bhd, a pay-TV firm owned by the country’s second-richest man Ananda Krishnan, said today it had earmarked 58 per cent of the proceeds raised in its forthcoming listing for capital expenditure.

The flotation, which is expected to raise up to US$1.5 billion (RM4.5 billion), will be Malaysia’s third-largest this year after Felda Global Ventures Holdings Bhd in June and IHH Healthcare Bhd in July.

Astro didn’t disclose how much it expected to raise in total.

Beyond the 58 per cent allocated to capital expenditure it said 29.3 per cent would be used to repay bank borrowings, 8.6 per cent for working capital and the rest for listing expenses, a draft prospectus filed today showed.

Astro, with a residential pay-TV subscriber base of three million in Malaysia, made a pro forma net profit of RM629.62 million for the fiscal year ended January 31, 2012, a 23.9 per cent drop from a year earlier, the prospectus showed. Revenue rose 6.1 per cent.

It said it had hired CIMB as the transaction manager for the listing. Joint principal advisers are CIMB, Maybank and RHB. — Reuters

nothing yet. tentatively in sept..

The Edge gave an indication of the IPO price - RM4.30

Link please... Thanks

Seem like expensive ...

seems? BAT is 60.00 now, are u saying its expensive?
Astro IPO is a game type of investment. Bid, hit and sell. End of story.

What is the price last year before delist ?

Hi bro, i have maybank investment account, how to apply through MITI? what is the charges? pls PM me some detail k?

Anyone interested in MITI Application (for Bumiputera's Only) for Astro IPO can let me know.
I'm working in Maybank Investment Bank.
Currently no indicative price yet.

Cheers,

If non bumiputera, need to wait?

yupz...
for non-bumi, you need to wait for normal public IPO..
hehe

I see...thks bro

De-listing price was RM4.30 according to http://biz.thestar.com.my/news/story.asp?f...04&sec=business

astro has a big subscriber base but how long is it's dominance gonna last. there has been chatter for quite some time of the removal of "protection" so to speak

Double Standard again?

They are looking at giving out 75% for dividend policy and about 58% of it's capital raise will be used for it's expansion and a certain amount is to be paid back for its bank loan.

DELETED

This post has been edited by kb2005: Aug 9 2012, 10:43 AM