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 IPO: Red Sena Bhd, First F&B SPAC 2015 Listing

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ej71
post Nov 18 2015, 03:41 PM

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I will IN tis counter, the reason is they hv a good n strong management team(all former F&N big big guys);F n B counter in klse now all is very good sentiment; The CEO of Red Sena Mr Tan is also as a local famous fund adviser-Creador Fund
ej71
post Nov 20 2015, 01:51 PM

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Y not much discuss on tis IPO?no confident....!?
ej71
post Nov 24 2015, 07:17 PM

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Hahaha, everybody concentrate on tmr listing, I believe if tmr opening vit good price then Red Sena will very hot too....๐Ÿ˜€
ej71
post Nov 25 2015, 09:30 PM

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QUOTE(wan_109 @ Nov 25 2015, 08:28 PM)
Still thinking whether to apply or not haha.

SPAC worries me.
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Apply la, jangan tak apply, spac company normally get profit from free warrant, I guess free warrant will open 0.25
ej71
post Nov 26 2015, 10:08 AM

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QUOTE(wil-i-am @ Nov 25 2015, 10:13 PM)
And mother share will open @ 0.25  tongue.gif
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Morning bro William, hahaha, u know the mother share not open 0.25 right or u will not going to apply, let's say u predict...wat price will open for the mother share....๐Ÿ˜‰
ej71
post Nov 26 2015, 11:07 AM

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QUOTE(wil-i-am @ Nov 26 2015, 10:58 AM)
If your estimation is correct, tis will give 20% ROI
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The best performance for the pass spac listing company is Reach energy
ej71
post Nov 26 2015, 11:26 AM

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QUOTE(wil-i-am @ Nov 26 2015, 11:20 AM)
I know mother close @ 0.705 on 1st day
Do u know wat was the closing for warrant?
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The warrant was closing @0.225 if not mistaken.....
ej71
post Nov 26 2015, 03:04 PM

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QUOTE(kb2005 @ Nov 26 2015, 02:57 PM)
Sona Petroleum. For reference only!

http://www.thestar.com.my/Business/Busines...rice/?style=biz

Tuesday, 30 July 2013
Sona Petroleumโ€™s warrants surge, shares flat (Update)

by joseph chin

KUALA LUMPUR: Sona Petroleum Bhd opened flat at 42.5 sen, which was the reference price when it made its debut on Bursa Malaysia on Tuesday.

However, the warrants saw stronger interest, surging to 23.5 sen from the reference price of 7.5 sen.

At 9am, Sona shares were down 1.5 sen to 41 sen with 118.3 million shares done. The warrant rose 16.5 sen to 24 sen with 35.87 million units done.

The FBM KLCI rose 1.11 points to 1,799.89. Turnover was 63.51 million shares valued at RM25.04mil. There were 87 gainers, 30 losers and 78 counters unchanged.

Below is the earlier story:

KUALA LUMPUR: Sona Petroleum Bhd, which is making its debut on Bursa Malaysia on Tuesday, saw bids at its reference price of 42.5 sen in pre-market trade.

At 8.33am, there were bids at 42.5 sen. However, the warrants saw stronger interest with bids at 20 sen, which was 12.5 sen above the reference price of 7.5 sen.

The initial public offer involved 141 million shares with up to 141 million warrants.

Sona Petroleum is Malaysiaโ€™s third special purpose acquisition company (SPAC) to list on Bursa Malaysia.

Sona Petroleum, which aims to eventually make the transition to an independent E&P company, had secured commitments from six institutions both local and foreign as cornerstone investors, making it the first SPAC to do so.

They are Hong Leong Asset Management Bhd, Hong Kong-based hedge fund Segantii Capital and Davidson Kempner European Partners, along with the fund management houses of the three banks backing the listing: CIMB-Principal Asset Management Bhd, Kenanga Investors Bhd and RHB Investment Management Sdn Bhd.

The cornerstones, who did not enjoy a discount to the 50 sen IPO price, were apportioned 275 million shares out of the 959 million shares for institutions.
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๐Ÿ‘

ej71
post Nov 27 2015, 10:20 AM

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QUOTE(kb2005 @ Nov 27 2015, 10:03 AM)
I am applying now. biggrin.gif
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๐Ÿ‘‰๐Ÿ‘๐Ÿ‘ˆ
ej71
post Nov 27 2015, 10:37 AM

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QUOTE(kb2005 @ Nov 27 2015, 10:26 AM)
Applied small quantity. biggrin.gif
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No matter big or small qty, our target is the same.......make money๐Ÿ˜€
ej71
post Nov 27 2015, 01:32 PM

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QUOTE(tehoice @ Nov 27 2015, 12:20 PM)
just applied..... good luck to all...
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Me too, just applied, we all in same boat now, good luck to all who apply.๐Ÿ˜€๐Ÿ˜€๐Ÿ˜€
ej71
post Nov 27 2015, 04:50 PM

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Hurry up....for those who haven't apply yet....tis year ipo performance almost good, dun miss up last one....
ej71
post Nov 27 2015, 06:05 PM

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Haha, m excited to know wat is sure angpao target price๐Ÿ˜œ
ej71
post Nov 28 2015, 01:17 PM

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QUOTE(cckiong @ Nov 28 2015, 10:41 AM)
From Mercury Securities

http://www.mercurysecurities.com.my/wp-con...IPO_Report).pdf[attachmentid=5391219]
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Good info๐Ÿ˜€
ej71
post Nov 28 2015, 01:23 PM

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Before predict the TP, less guess the oversubscribed rate......๐Ÿค”
ej71
post Nov 28 2015, 05:38 PM

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QUOTE(wil-i-am @ Nov 28 2015, 05:16 PM)
I wud predict they will rec'd around 800 mil shares demand from public -v- 80 mil shares available
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So ur estimation is same to nexona88...10x, I hope can more higher because higher subcripe rate means more demand๐Ÿ˜…
ej71
post Nov 28 2015, 05:47 PM

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QUOTE(wil-i-am @ Nov 28 2015, 05:43 PM)
Chance to strike is low
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Nvm, lower chance vit high return, haha, depend on luck lo....but hope can strike tis time, 2015 last ipo....๐Ÿค‘
ej71
post Nov 28 2015, 05:56 PM

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QUOTE(wil-i-am @ Nov 28 2015, 05:50 PM)
Everyone is hoping to get a slice of tis cake
Btw, how u know tis 1 is last IPO?
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No lah,just guess only, according to ipo time frame, if there is another one more ipo lunching now, I think no enough time in Dec.....
ej71
post Nov 28 2015, 06:21 PM

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QUOTE(wil-i-am @ Nov 28 2015, 06:01 PM)
If they launch on 1st week of Dec 2015, still can make it for listing by year end
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m not think so SC hv tat good effienciency la.....๐Ÿ˜œ
ej71
post Nov 30 2015, 10:07 AM

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QUOTE(GloryKnight @ Nov 30 2015, 08:50 AM)
Maybank offering the highest FD for a year at 4.5% now, today last day. Will probably skip this FnB Spac due to it being the first. The only good thing to play for this stock is it's WA.

It's always speculation for SPACs. Trade at your own ability.
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Hahaha, u mention FD at here๐Ÿ˜…,later sure angpao will ask u to bang ur head 10x to the coconut tree๐Ÿ˜‚๐Ÿ˜‚๐Ÿ˜‚

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