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04-06-2015, 01:08 PM
(This post was last modified: 04-06-2015, 01:12 PM by specuvestor.)
(04-06-2015, 10:30 AM)CityFarmer Wrote: (04-06-2015, 10:16 AM)specuvestor Wrote: Be wary of what Mr Market is saying when free float is so low. Look no further than what operators are doing to Jason Holdings.
One can choose to swim with the sharks if one is nimble. Been there done that and I choose to sleep well at night.
I agree with you, low free float is a concern, and play a part on the valuation.
I don't think it is appropriate to compare SO&G with Jason Holding. First of all, comparing a historic PE 27 with a worrying PE of 330, is way off. Next, one with a "near-promise" of 90% payout, but the other one with a "near-promise" of no dividend. I have not even touch on balance sheet and cash flow yet, which Jason is way off 
In short, we shouldn't generalize. Generalization is a enemy of finding the true, at least in engineering field of mine. 
I'm giving the obvious Jason Holding as an extreme example of how things can get irrational when it is a controlled stock. But like Ezra in the long run the market is a weighing machine, so timing because extremely crucial. The 3kings sooner or later will come back to earth, just that it happened sooner than the operator expected
Generalisation give us a first cut of what we should be wary of, rather than to exclude. But like my view on S-chips, in general we have to be wary but we should also look at the details if there is a plausible angle. For O&G with the very small chance of getting the stock at a comfy level due to small float, it wasn't worth the effort to look too much into it for IPO until it has some history and traction in the future.
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward
Think Asset-Business-Structure (ABS)
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(04-06-2015, 01:08 PM)specuvestor Wrote: Generalisation give us a first cut of what we should be wary of, rather than to exclude. But like my view on S-chips, in general we have to be wary but we should also look at the details if there is a plausible angle. For O&G with the very small chance of getting the stock at a comfy level due to small float, it wasn't worth the effort to look too much into it for IPO until it has some history and traction in the future.
IPO usually isn't a good time to invest on a stock due to limited history as highlighted, but there are exceptions. I reckon the O&G is one of them, similarly for Sheng Siong IPO
The O&G IPO was priced cheaply, and worth a bet. I didn't participate, due to limited public lots.
(not vested, but worth monitoring)
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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O&G? More like OMG
By Kenneth Lim kenlim@sph.com.sg @KennethLimBT
JUN 4, 2015 12:51 PM
Is anyone else watching health-care company Singapore O&G's first day of trading with amazement? The stock was sold at 25 Singapore cents during its initial public offering, and now trades at about 58 Singapore cents — a 132 per cent jump — after only three hours of trading.
http://www.businesstimes.com.sg/blogs/me...xtor=AL-18
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SOG is more expensive now than RMG. [emoji1]
Time to roll!!!
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This SOG really reminds me of lottery,where everyone are pretty certain the price will shoot up on the first few day of trading due to the sexy nature of the business and strong publicity,and the speculator bubble builds up pretty fast. 
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(04-06-2015, 05:00 PM)Bubbachuck Wrote: SOG is more expensive now than RMG. [emoji1]
Still smells speculative. As a fellow VB mentioned, the concentration risk is very high and concentrated on the three docs. 
Congrats to those who made from getting into the ipo.
The thing I am scared most is not nightmares or market crashes..... Its my greed that I fear the most.
When people ask what is my target price, I never have any good answer for it because Philip Fisher said before (in Common Stock Uncommon Profit) that the best time to sell is never. Equity investment is buying into ownership, not betting slips.
The path to greatness and wealth is necessarily dangerous.... because greed is a fearsome fore that threatens your success at every step.
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There has been a buzz surrounding the latest IPOs of small healthcare stocks on the SGX with investors tripping over one another to try to land some coveted but often paltry amount of shares available for public subscription. When you consider the amazing performance of these IPOs, the excitement they generate is understandable.
For instance, Singapore O&G Ltd, a healthcare group operating a small chain of Obstetrics and Gynaecology specialist clinics, surged 154% from its IPO price of S$0.25 per share on its first day of trading on 4 June 2015 after its public tranche was 332 times subscribed. This was one of the best first-day IPO performances on SGX we have seen in recent years, bettered only by the stunning 310% gain recorded by Talkmed Group Ltd on 30 January 2014. Talkmed Group is, as you might have already guessed, another healthcare group but one providing primarily oncology related services.
Full article here:
http://stockresearchasia.com/1/post/2015...riced.html
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Trading halt, exactly 5 months from listing, seems like something was planned ahead? Let's see what gonna happen.
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