https://www.theedgemarkets.com/article/mr-d...irport-operator


do you believe this??

all the shop inside mall no need paid rental???

MR DIY Group’s final retail price fixed at RM1.60
CORPORATE NEWS
Thursday, 15 Oct 2020

11:58 AM MYT

MR DIY raised RM1.5bil from the market based on the retail price of RM1.60 per IPO share. MR DIY outlet in Damen Mall, Subang Jaya.

KUALA LUMPUR: The institutional price and final retail price for home improvement retailer MR D.I.Y. Group (M) Bhd’s initial public offer have been fixed at RM1.60 per share.

In a statement to Bursa Malaysia, the company said the final price was fixed following the completion of the bookbuilding process under the institutional Offering on Wednesday.

The retail offering closed at 5pm on Wednesday. It is scheduled to be listed on the Main Market on Oct 26.

MR DIY raised RM1.5bil from the market based on the initial retail price of RM1.60 per IPO share.


Its IPO comprised up to 941.49 million shares – an offer for sale of up to 753.09 million existing shares and a public issue of 188.40 million new shares.

The public issue of 188.40 million new shares raised RM301.4mil for the company, of which RM276.1mil will be used to repay bank borrowings which will save the company RM15.2mil per year. The remaining RM25.3mil will be used to defray the estimated listing expenses.

The 941.49 million shares, which represents 15% of the enlarged issued 6.28 billion shares, were allocated through a retail offering and an institutional offering. Hence, market capitalisation is approximately RM10bil based on the enlarged share capital.

Notable institutional investors to this exercise include:

Aberdeen Standard,
AIA,
BlackRock,
FIL Investment Management,
JPMorgan Asset Management and
Pictet Asset Management.

These cornerstone investors make up 76% of the institutional offering tranche.




https://www.theedgemarkets.com/article/mr-d...irport-operator


how come mr.diy so powerful?

many shoplot?

This post has been edited by plouffle0789: Oct 18 2020, 11:15 PM

October 26th.

This post has been edited by icemanfx: Oct 18 2020, 11:22 PM

wtf...u quote us and ask back..

what u wan

I think fair value should be around RM3b-5b.

But who knows what will happen.
Nowadays loss making companies can also have near RM1b valuation.
Anything with the word "China", "tech" or "glove" also can shoot up despite making no profit.
The sky's the limit.

IPO at Daiso price

## by SHAZNI ONG / pic by BLOOMBERG

INTER-PACIFIC Research Sdn Bhd set a fair value (FV) of RM1.85

for Main Market-bound Mr DIY Group (M) Bhd, a premium to its IPO price of RM1.60, based on the group’s merits and its outperformance against its Asean peers.


MR DIY SURE ONE $$$$$ ......

PITY to SOUR GRAPE..Sob...Sob...Sobb

This post has been edited by SURE ANGPOW: Oct 19 2020, 05:09 AM

Your so kind to give those valuation.

Seriously? I don't see how it is worth more than 500 million. No joke.

Well, time is the enemy of the shitty business....

cant wait to see what price mrdiy will go after being listed

could go either way i think

oh ya forgot to ask, diy got stabilizing manager?

Try to take out all the inside noises .... and be logical...

simple question.... do you think the DIY shops should be more valuable than 711?

me? no way in hell... everyone buys bits and bits of overpriced stuff at 711 ALL the time!



the edge article...
https://www.theedgemarkets.com/article/mr-d...irport-operator

It compares DIY valuation vs 711 stores.
711 stores this morning is only worth 1.2billion. DIY at IPO prices, is worth 10 billion. That's a damn cluster farrrrk! how could it be worth that much for a store that sells ZERO QUALITY stuff?

BTW Genting BHD is ONLY worth 11.5 billion. As much I dislike Genting, can any1 reason with me how DIY can be worth 10 billion?

LOL! It is worth more than AMBank too since AMBank market value is some 8.8 billion.

Ask yourself....DIY worth more than AMBank???



if this is not a con, what is?

i have to agree with you here ,

mrdiy has been expanding like crazy prior to this ipo ( not in a healthy way imo )
even my friend kampung also got one there

10bil valuation imo is way too high
but price movement of a stock is not solely depending on its value
thats why i say very interesting to see

personally wouldnt buy this stock at this price

https://www.pelhambluefund.com/2020/10/mr-d...-thats-not.html

promoters are likely to keep their cash for second harvest later in the season.

Walao...
Just chill...
Why multiple post the same thing 🤣

PITY to SOUR GRAPES NOW ON MAD .....

hmmm ..can't wait fantastic Tuesday 26 , 2020

MRDIY >> SURE ONE

More like last minute worry 😂😁

Whats the Price-sales/Growth ratio? PSG

Share alloted..gg?