Latest Forum Topics /
JustCo
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n3wbie
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07-Jun-2026 20:30
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The float isnt large but will need some catalysts to move this stock back up closer to IPO price. Overhang is pretty huge | ||
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shk363
Elite |
07-Jun-2026 15:06
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dont worry got bb to stabilize the drop | ||
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investshare
Supreme |
05-Jun-2026 20:04
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As a country, this is misallocation of capital.
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n3wbie
Elite |
05-Jun-2026 15:30
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Sadly also no fixed dividend policy
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JAMMIE
Member |
05-Jun-2026 13:45
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the problem with this business is that in the current environment this is a boring business with not muvh exciting growth.  This will most probably end up becoming another entity whose trading volume would be very thin and mostly controlled by the insiders . Wtih veyr limited instituional participation and even more limited retail participation you wont see much price swings. So even if you enter today and feel you are getting 30% cheaper than IPO, the realty is that ther eis no guarantee the price will reach its IPO price anytime soon or ever. so you basically have your capital locked in. Until next year or in the next time the mngt shares results and starts to give dividends, and then you see some trading volume and the movement in share price.  Look at Skylink, even after such a strong business update, after results, the shares have drifted lower and many who invested have their capital locked up.  |
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n3wbie
Elite |
05-Jun-2026 12:53
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Apart from a deadcat bounce potentially led by ceo purchase, there needs to be a catalyst to own the stock. It is either market dont know how to price it or just not exciting, whatever it is, there is a clear perception gap to close | ||
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Joelton
Supreme |
05-Jun-2026 12:16
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JustCo founder Kong buys shares after more than 30% drop from IPO price of 94 cents Kong Wan Sing, founder of coworking operator JustCo, has started buying up shares of the newly-listed company from the open market. On June 3, Kong paid 65.5 cents each for 200,000 shares. The following day, he bought another 300,000 shares at 69.4 cents each. This brings his direct stake to 812,500 shares, and together with a deemed interest in another 89,664,630 shares, gives him a total interest in 90,477,130 shares, or 18.5%. Kong bought the shares the day after DBS Bank, which helped manage this IPO, completed its stabilisation after buying 5,319,000 shares by June 2. JustCo' s IPO, priced at 94 cents, closed at 67 cents on June 4. |
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shk363
Elite |
03-Jun-2026 13:18
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still stabilising .. | ||
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Ramster
Master |
03-Jun-2026 12:54
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The worst IPO this year? | ||
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Joelton
Supreme |
03-Jun-2026 12:48
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JustCo&rsquo s stabilisation manager DBS Bank announces cessation of price stabilisation action JustCo&rsquo s (SGX:JCO) stabilisation manager, DBS Bank, has announced that it has purchased a total of 5.319 million shares in the company to date and has ceased price stabilisation action as of today&rsquo s closing. &ldquo As the total number of shares which had been over-allotted in connection with the offering has been fully covered by the purchases made under the price stabilising action, we will not be exercising the over-allotment option granted by Sing Long Investments to the joint bookrunners and underwriters,&rdquo the bank says. JustCo&rsquo s IPO, dated May 22, was priced at 94 cents and saw an overall subscription rate of 3.4 times. Together with $69.8 million in secured cornerstone commitments, the offering raised about $100 million. Some of the cornerstone investors include JP Morgan Asset Management, Amova Asset Management Asia, Fullerton Fund Management and Avanda Investment Management &mdash four fund managers that have been appointed under the Monetary Authority of Singapore&rsquo s Equity Market Development Programme. JustCo intends to use the net proceeds for strategic investments, capital expenditures, general corporate purposes and working capital to support expansion plans in existing and new markets. Shares of JustCo closed 8 cents lower, or 10.5% down at 68.5 cents on June 2. Based on today&rsquo s closing, share price has witnessed a decline of 27.1% from its IPO price of 94 cents. |
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