Well.... Excatly.

I believe that you have describe a fly by night type of business.... so good it lasts maybe 1 time usage.


You and I know what it is.... el cheapo China hardware store... which is banking on the number of store growth strategy to boost profits.....


All I know.... this company once listed .... will die in the future.... no competitive edge ... inferior or 'useless' products....

Seems like got strategic international cornerstone investors involved....
So to give some sense of security to the IPO 🤭

listing for this will still be nov? the deadline of payment under the MITI scheme is on 12 oct.

since shoutern deadline in on the 29 sept (miti), 6 oct (public) and listing will be on 16 oct.

will mrdiy be the same too?

reference : AAX

spark anything for you?

OPENING OF THEAPPLICATION PERIOD: 10.00 A.M., 6 OCTOBER2020.
CLOSING OF THE APPLICATION PERIOD: 5.00 P.M., 14OCTOBER2020.

https://www.bursamalaysia.com/market_inform...?ann_id=3093885

doesnt seem like a good deal for investors

Good deal for the existing investors.. for new investors... errrr... just wait la

isaham rating 1/4

logged in to m2u, dont see Mr DIY appear in eIPO. Anyone else?

Me too. But I can see it in Public Bank.

could be only able to apply through ATM? As per the notification. How much is the IPO price? you bought any?

I mean I can see it in my Public Bank internet banking. I haven't apply yet. RM1.60

quite highhh.. Any thought of buying some?

yes, I will

commenting on this as i browse the prospectus. damn have to f the printer/advisers for not using the ocr version, make our life more difficult to read.

got 2 issues probably need to raise to the SC for their rationale. would share later after the SC replies.

would just put my notation in point form below yeah:

1. Declining SSSG which is very alarming. The only way for the company to grow is via non-organic growth, which there would be a limit.
2. GP, EBITDA, PBT and PAT margins looks fine.
3. Debts are piling up but I think manageable with 0.74x as at FPE June2020.
4. Pre-IPO restructuring, issuing 60 million new shares for RM100k? then subdividing them into 100 from one.
5. Quite a lot to form the OFS portion which I don’t really like.
6. PER of 31.6x whoaaa…… for this valuation I probably stick with glove stocks for a while.
7. Revenue CAGR quite good, but this wasn’t attributable by the SSSG, negated.
8. Fuhhhh a whooping 93% of dilution to the new shareholders. No wonder the existing shareholders die die also want to push for IPO lahhhh, if me I Die also want to IPO as well.
9. RM20 million professional fees, shoik nyer the IBs bonus 9 9 yoh~
10. Actually we all know that the shareholders are potentially looking to cash out via the ipo exercise also. Please see page section 5.4.4 of the prospectus, you have been warned.
11. Estimated capex of RM160m for 100 new stores each year for 2020 and 2021. With 70 new stores already opened up to the LPD and 30 more by the end of this year.

P/S: anyone know who this Hyptis is?

And why are the use of proceeds as such? And ya, that PER

you can read section 4.6 for the utilisation of proceeds.
but i find something funny here. maybe you can share your thoughts with us after reading.

i think i spent too much time reading this prospectus just now already.

will skip this IPO.

Ya. Repayment of bank borrowings and listing expenses? The funny part is the dividend part in the same section?

Will skip too, plenty of IPOs this month

This post has been edited by sembilan: Oct 6 2020, 07:01 PM

this stock is linked to Brahmal iirc.... and brahmal linked stocks need to becareful one hehe

IPO Price of RM1.60, they are pricing in 22.5% YOY EPS for the next 5 years... hard pass. If drop to RM0.85 territory instead maybe will pick up

This post has been edited by HolyAssasin4444: Oct 7 2020, 01:31 AM