most of the money from ipo is to pay back loan. not applying

Reminds me long time ago Old Town Kopitiam. It was a blast back then and IF they went for IPO, that should lure alot of retailers like uncle & aunties.

Lucky they didn't go for IPO. Mr.DIY IPO? You can buy with your hand-earned money and then DIY with your left hand in toilet later when it drop to RM0.16

yeah, would put into the other 3 ipos instead of this one.

really don't like the pre-ipo restructuring they did and the dilute the new shareholders by 90%++ plus the high valuation.

really not sure how those corner stones investors can stomach this eh.....

what's the story with this creador dude? i dont know anything about him though.

only worked with his macai before.

EDIT: I think the pre-ipo restructuring and the crazily high valuation are partly pushed by brahmal and co, right? They as a PE firm, would definitely have to maximise their investments for sure.

doubt the original founder/shareholders would push to this kind of limit. Unless they are pure businessman/conglomerate.

This post has been edited by tehoice: Oct 7 2020, 10:20 AM

this kind of mega IPO will surely be talk of the town 1.....
this is the largest IPO since Lotte Chemical Titan in 2017 or something. so definitely the market need this kind of mega IPO once in a blue moon geh.....

Yeah, and we know how LCTITAN performed, this 1 feels more like an exit for existing investors

not a potential company.

A timebomb.

yeah, i have also cited my reason above for this IPO, we all know who is behind it and who is pushing for this kind of crazy valuations.

affirmed my decision > to stay out of this IPO but will get a bag of popcorn on its IPO day

corrected: i think is a potential timebomb.

true.

is just a nothing company

selling low quality stuff

1000 branch? this is the timebomb

No need IPO. Wait price drop and buy for goreng bull candle.

but they aim to open 300++ by end of next year oo..
why do u say that this is a timebomb?

https://www.theedgemarkets.com/article/mr-d...et-share-growth

This post has been edited by hollyweed: Oct 7 2020, 02:05 PM

sure is timebomb lah

now is retail 2.0 moving to 3.0

traditional retail is dying

but they are moving towards online platform as well too.
Lazada shopee all have their flagship store.

They even have their own webUI to purchase directly from them also

u think those 1200+ store running cost is free??

many retail giant dead because overweight


they are not focus in retail
they are more focus in publicity (gaining momentum for investor money maybe)

u look at the core of MR DIY
what u see? own product line that got potential? NO

mostly taobao item......

many branch? for what?


check family mart.
is convinient store, but they got own product that not available elsewhere, they got strong identity.

Okay now I do understand why you said it is a time bomb.

Yes you are right they more focus to publicity.

But IMO, they don't need own product line, like blackndecker etc because their targeted customer is B40 M40...
these 2 groups will opt to cheapest item with minimal quality.

no matter who u target..

u need something

u see what thay actually "offer"
u know who they are targeting.

they are building profile
building look good aura
building number but not value

overvalue

Daeiii.....there is a refund policy....why woli ?

the IPO price is not finally determined....it may end up as RM 1.20 as IPO price

meaning a refund of 40 sen....this is a fair policy + some credible corner stone @ batu penjuru .

understand Daeiii...?

# Daeiii = Hello ( in tamil ) !

i dont think so will revise ipo price

Have a look at our latest IPO post...
We felt Mr DIY is on the expensive side. See our estimates as well for 2020

https://www.facebook.com/omightycap/posts/1736710136492646