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 IPO: Ranhill Power & Ranhill Utilities, Maybe both under single IPO, maybe split

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GloryKnight
post Feb 14 2013, 08:43 PM

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oh....ranhill....gonna study first but looks like ....n.
GloryKnight
post Jul 3 2013, 04:40 PM

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This IPO is just used to redeem back it's bonds. not good...
GloryKnight
post Jul 4 2013, 11:32 AM

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QUOTE(hyzam1212 @ Jul 4 2013, 10:20 AM)
Im not sure if the company is trying to scare us or they are just frankly honest...Check the detail of the risks in the prospectus

Snippets...roughly about 10% of the proceeds is allocated for the expansion of water business in China, others are for resettlement
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This was what I mentioned earlier hyzam. less than 10% used for expansion of business and the rest is like paying debts, however Malaysia GLC stocks like this always turn the tables around. Last time nearly kaput then now this.
GloryKnight
post Jul 5 2013, 11:09 PM

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My remisier advised me not to apply for this as the last time a lot of people burned their hands when Ranhill delisted (ran off with their money at a low price).

And now if I look at their comments, most of it goes to debt repayment. This is just my opinion. No pun intended
GloryKnight
post Jul 9 2013, 12:35 PM

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QUOTE(HUNGRY BIRD @ Jul 9 2013, 10:34 AM)
Hong Leong give a fair value of RM2.20 for Ranhill.
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Hey bird, just want to ask if hong leong is one of their investor?

 

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