Please Click LIKE to like my blog. Thanks for support

Follow by Email

Thursday, December 18, 2014

Red Sena Bhd, Malaysia first food and beverage (F&B) special purpose acquisition company (SPAC)

How? market talk is many people is interested in this. Why? I don't know but I already heard many people talking on this. Let me know if you have any info.

PETALING JAYA: Red Sena Bhd, the first food and beverage (F&B) special purpose acquisition company (SPAC) in Malaysia, is looking to raise RM400mil from its initial public offering (IPO).

In its prospectus exposure, the company said it will offer 800 million new shares at an issue price of 50 sen each.

The shares will also entail the issue of 800 million free detachable warrants with exercise price of 50 sen each, on the basis of one warrant for every one new share.

SPACs are companies which have no operations or income-generating business at the point of its IPO, but undertake a listing for the purpose of acquiring operating companies or assets, known as the qualifying acquisition (QA).

The company, which intends to make its QA in the branded packaged F&B business, will offer 80 million shares together with 80 million free warrants to the public.

The remainder 720 million shares and equal warrants will be placed out to selected investors.

The 800 million new shares will make up for approximately 80% of Red Sena’s enlarged share capital.

The other 20% is held by Raintree F&B Sdn Bhd, the promoter and substantial shareholder of Red Sena, comprising 200 million shares and warrants.

Once listed, Red Sena will have a market capitalisation of RM500mil based on the issue price of 50 sen per share.

Together with proceeds from Raintree, which amount to RM10mil, and the IPO proceeds, Red Sena will raise RM410mil in total.

The company said it will place 92% of its proceeds in the cash trust account, and will use RM368mil for its QA. The balance of the proceeds will be used for listing expenses and working capital, among others.

“Our target qualifying acquisition is expected to be an established business which is in growth phase of its business life cycle and have operations in one of our target countries,” it said.

It intends to build the company into a regional player in the processed F&B industry with a focus on branded packaged F&B products.

As reported earlier, Red Sena’s promoters will be subject to an extended moratorium period, up to three years of making its QA.

The management of Red Sena consists of former personnel from Fraser & Neave Holdings Bhd (F&N). They include Datuk Tan Ang Meng (pic), Joseph Tan Eng Guan, Tan Sri Koh Kin Lip, Ismail Abdul Halim and Ian Yoong Kah Yin.

Ang Meng is former F&N chief executive officer and will hold the position of chief strategy officer. Eng Guan is Red Sena’s chief executive officer, and previously held the role of chief financial officer in F&N.

Meanwhile, Ismail will be chief financial officer and Yoong will be executive director, business development.

Ismail is an executive director in biscuit company Khong Guan Enterprise Sdn Bhd. His expertise is in manufacturing and distribution.

Yoong was formerly senior vice-president for the retail broking division in CIMB Investment Bank Bhd.

Koh, the founder of Rickoh Holdings Sdn Bhd is Red Sena’s corporate development director.

Source: The Star 15 Dec 2014.

Please support by LIKE my blog facebook.

Nice food in Kuching, Nice nasi lemak in Imbi, nice seafood in Serdang, here


Tuesday, December 16, 2014

High Target Price stocks

Below are the high target price stocks. I don't know how these target prices are being derived. Look at Benelac, for the past 3 or 4 years, the target price was very high by some brokers, but I don't think then stock price has performed near the target price. Maybe I was wrong because I didn't really follow and monitor closely.

Benelac share price RM0.535, target price RM1.98 by Affin Hwang Capital =  270% upside !!!!!

MKLand share price RM0.325, target price RM0.80 by Public Bank = 146%.

Bumi Armada RM1.04, target price  RM2.35 by CIMB = 125%.

Uzma 1.35 ,   3.81 CIMB =    182%.

SKPetro SapuraKencana 2.28,  6.84 CIMB = 228%

What does it mean? Does it mean that if we buy now, keep one to three years can make 100% to 300%.  Even if we discount some, still can make 200%.

No comment.

Please support by LIKE my blog facebook.

Saturday, December 13, 2014

IJN Heart Screening RM555

3 packages, RM555, RM999 and RM1499.

Why IJN heart screening medical check up? This is the first time we went for heart check up. No problem, just a normal check up. We were thinking that every year we had normal blood test so this year do a bit different.

ECG, treadmill, blood test, chest X-ray, stress test, etc.

Some of our friends have heart problem before the age of 40. And some also passed away before 40. Here IJN they recommend us to go for check up for male above 30 and female above 35. Also especially those who have job stress, I think stock market is stressful for many people because of the up and down, down and up, down and down, down and down and down and then down.

Those overweight, tire easily, smoke and drink, family history, hypertension, diabetes and stroke are also recommended for heart check up.

12 minutes of Treadmill stress test, can see my heartbeat increased from 65 to 165 per minute. Those old people no need treadmill, take medicine to stimulate the heart.

If you go early, before 7.30am, can end before 11.00am.

IJN contact number 0326006421 and 0326006423



Disclaimer Clause
The information contained in this blog is my personal diary and has been prepared solely for myself. Without any previous reading material or discussion, by just reading my blog contents, reader may misunderstand the contents.
All the contents I am talking to myself and most contents are hypothetical or imaginary.
This blog has been compiled in good faith, with no intention to cause hurt, loss, or any trouble. No representation is (either express or implied) as to the completeness or accuracy of the information it contains.
This blog also is not an advice, recommendation or an invitation to buy or sell or invest in anything, eg shares, futures, derivatives, gold, etc. Consult your investment adviser before making any decisions.
The copyright of the material contained in my blog remains solely with me. You shall not copy, reproduce and / or distribute this information without my permission.