IPO   

No Signboard IPO

If not for this forum, I would still have the idea that the Geylang branch is still under them..........  Now with Geylang branch out of the picture, what will 2018 rev and profit be?........ No longer vested.

destinykraze      ( Date: 30-Nov-2017 16:28) Posted: This is a major issue. I think the Independent directors should address this issue asap. It dampens the BB' s mood to pump up the stock. destinykraze      ( Date: 30-Nov-2017 13:53) Posted: Yes, this might be a problem if future " franchises" use this model. It is new as it was only established on 1 Nov 2017. Paying $12,000 a month with no revenue sharing is a big nono. It would feel like the owners cashing out on Company, then open new franchises to keep profit to themselves, leaving old outlet as income for existing shareholders. This is the biggest threat that might bring the company below IPO price. I think the directors should come out to clarify this point

 

today market bad...

Patient... it will run when market turn good.

destinykraze      ( Date: 30-Nov-2017 16:28) Posted: This is a major issue. I think the Independent directors should address this issue asap. It dampens the BB' s mood to pump up the stock. destinykraze      ( Date: 30-Nov-2017 13:53) Posted: Yes, this might be a problem if future " franchises" use this model. It is new as it was only established on 1 Nov 2017. Paying $12,000 a month with no revenue sharing is a big nono. It would feel like the owners cashing out on Company, then open new franchises to keep profit to themselves, leaving old outlet as income for existing shareholders. This is the biggest threat that might bring the company below IPO price. I think the directors should come out to clarify this point

 

This is a major issue. I think the Independent directors should address this issue asap. It dampens the BB' s mood to pump up the stock.

destinykraze      ( Date: 30-Nov-2017 13:53) Posted: Yes, this might be a problem if future " franchises" use this model. It is new as it was only established on 1 Nov 2017. Paying $12,000 a month with no revenue sharing is a big nono. It would feel like the owners cashing out on Company, then open new franchises to keep profit to themselves, leaving old outlet as income for existing shareholders. This is the biggest threat that might bring the company below IPO price. I think the directors should come out to clarify this point. analysistar      ( Date: 30-Nov-2017 13:49) Posted: If it can hit 0.33 it would be considered lucky, it takes a miracle to hit and stay over $0.35. This stock has low growth potential, high risk. They are touching non-core business. If your forte is at cooking crabs, why go touch on beer. There are manu other successful established players. Before IPO, they are already seeing big drop in revenue. Do your research before you sprout nonsense, how is this remotely close to jumbo? Another major reason would be this : Loss of crown jewel  - I was frankly quite " disturbed" to discover that the restaurant in Geylang is actually owned by the relatives of the founders. This is probably one of the most profitable outlets under No Signboard. The franchise arrangement is new as it was only established on 1 Nov 2017. The franchise fee is only $12,000 a month with no revenue sharing. I will be appalled if No Signboard intend to build up its franchise model using the current arrangement. I would also have preferred they cleaned up this arrangement or acquire the Geylang outlet prior to its IPO. The most " funny" part is that the Company was then " granted" a license to use the premises of Mattar Road No Signboard Seafood Restaurant at $12,000 per month!  That effectively means that franchised outlet is not paying any franchise fee at all... now it leaves a big question mark in my head!!  Assuming each outlet produces a net profit of at least $2.6m (and my gut feel is that the Geylang outlet is one of the most profitable outlet), it effectively allows the crown jewel to enjoy the benefits of the " brand" without having to pay any royalty fees. The fact that the Company has the right of first refusal to future sale of this outlet is of no comfort to me! Can the Independent directors address this concern please?

 

RE& S seems to be in a better position........ got so many brands under them and over 70 outlets.............

bllue911      ( Date: 30-Nov-2017 15:33) Posted: the other food IPO RE& S now only left 255 vs 22. think more placements will run b4 end of day, in case trapped by low volume next few days like RE& S

 

Bottom should be $0.29. Just watch how the BBs act from here.
I should have sold my shares at $0.325. BBs unlikely to pump it too much as there is too much selling.

 

E.g. wee hur. 28.5 cts i bought before 27.5 i also buy recently . Dare to buy. Now 24 cts think a lot. In fact CEO buy at 30.5. Still same company. Just different setntiment now. Cautious.

wcp2017      ( Date: 30-Nov-2017 15:27) Posted: Retailers are just cautious. But if retailers see price uptrend , 100% sure buy in. lighter87      ( Date: 30-Nov-2017 15:09) Posted: if retailer like this stock, they should be happy to get at low price. Most retailers are just looking to take profit from IPO regardless of what stock.

 

the other food IPO RE& S now only left 255 vs 22.
think more placements will run b4 end of day, in case trapped by low volume next few days like RE& S

 

Retailers are just cautious. But if retailers see price uptrend , 100% sure buy in.

lighter87      ( Date: 30-Nov-2017 15:09) Posted: if retailer like this stock, they should be happy to get at low price. Most retailers are just looking to take profit from IPO regardless of what stock. wcp2017      ( Date: 30-Nov-2017 15:05) Posted: The BBS failed to recognise the fact that a lot of retailers like this counter, want a piece of the action, that is why it is 23.8 times oversubscrribed . $188 mil of funds from retailers want this stock. Why BBS break tge momentum of this retailers appetite ? I dare say if today open at 35 cts a lot of retaikers will buy also. Singapore retailers only buy when price us moving uptrend.

 

if retailer like this stock, they should be happy to get at low price. Most retailers are just looking to take profit from IPO regardless of what stock.

wcp2017      ( Date: 30-Nov-2017 15:05) Posted: The BBS failed to recognise the fact that a lot of retailers like this counter, want a piece of the action, that is why it is 23.8 times oversubscrribed . $188 mil of funds from retailers want this stock. Why BBS break tge momentum of this retailers appetite ? I dare say if today open at 35 cts a lot of retaikers will buy also. Singapore retailers only buy when price us moving uptrend.

 

The BBS failed to recognise the fact that a lot of retailers like this counter, want a piece of the action, that is why it is 23.8 times oversubscrribed . $188 mil of funds from retailers want this stock. Why BBS break tge momentum of this retailers appetite ? I dare say if today open at 35 cts a lot of retaikers will buy also. Singapore retailers only buy when price us moving uptrend.

 

market not good. I think rebound now

gregtan123      ( Date: 30-Nov-2017 14:58) Posted: IPO not good, got some lots but never sell in the morning, now regret. totally not like jumbo.

 

IPO not good, got some lots but never sell in the morning, now regret. totally not like jumbo.

 

Some selldown to $0.29. Contra players might start to throw.
BBs will probably wait for it to bottom before pumping to distribute, way too many sellers.

 

Yes, this might be a problem if future " franchises" use this model. It is new as it was only established on 1 Nov 2017. Paying $12,000 a month with no revenue sharing is a big nono.
It would feel like the owners cashing out on Company, then open new franchises to keep profit to themselves, leaving old outlet as income for existing shareholders.
This is the biggest threat that might bring the company below IPO price. I think the directors should come out to clarify this point.

analysistar      ( Date: 30-Nov-2017 13:49) Posted: If it can hit 0.33 it would be considered lucky, it takes a miracle to hit and stay over $0.35. This stock has low growth potential, high risk. They are touching non-core business. If your forte is at cooking crabs, why go touch on beer. There are manu other successful established players. Before IPO, they are already seeing big drop in revenue. Do your research before you sprout nonsense, how is this remotely close to jumbo? Another major reason would be this : Loss of crown jewel  - I was frankly quite " disturbed" to discover that the restaurant in Geylang is actually owned by the relatives of the founders. This is probably one of the most profitable outlets under No Signboard. The franchise arrangement is new as it was only established on 1 Nov 2017. The franchise fee is only $12,000 a month with no revenue sharing. I will be appalled if No Signboard intend to build up its franchise model using the current arrangement. I would also have preferred they cleaned up this arrangement or acquire the Geylang outlet prior to its IPO. The most " funny" part is that the Company was then " granted" a license to use the premises of Mattar Road No Signboard Seafood Restaurant at $12,000 per month!  That effectively means that franchised outlet is not paying any franchise fee at all... now it leaves a big question mark in my head!!  Assuming each outlet produces a net profit of at least $2.6m (and my gut feel is that the Geylang outlet is one of the most profitable outlet), it effectively allows the crown jewel to enjoy the benefits of the " brand" without having to pay any royalty fees. The fact that the Company has the right of first refusal to future sale of this outlet is of no comfort to me! Can the Independent directors address this concern please?  Mist98      ( Date: 30-Nov-2017 11:35) Posted: Hopefully might be another jumbo.... Go up till 45 cents good enough :)

 

If it can hit 0.33 it would be considered lucky, it takes a miracle to hit and stay over $0.35.
This stock has low growth potential, high risk.
They are touching non-core business. If your forte is at cooking crabs, why go touch on beer. There are manu other successful established players.
Before IPO, they are already seeing big drop in revenue.
Do your research before you sprout nonsense, how is this remotely close to jumbo?

Another major reason would be this :
Loss of crown jewel  - I was frankly quite " disturbed" to discover that the restaurant in Geylang is actually owned by the relatives of the founders. This is probably one of the most profitable outlets under No Signboard. The franchise arrangement is new as it was only established on 1 Nov 2017. The franchise fee is only $12,000 a month with no revenue sharing. I will be appalled if No Signboard intend to build up its franchise model using the current arrangement. I would also have preferred they cleaned up this arrangement or acquire the Geylang outlet prior to its IPO. The most " funny" part is that the Company was then " granted" a license to use the premises of Mattar Road No Signboard Seafood Restaurant at $12,000 per month!  That effectively means that franchised outlet is not paying any franchise fee at all... now it leaves a big question mark in my head!!  Assuming each outlet produces a net profit of at least $2.6m (and my gut feel is that the Geylang outlet is one of the most profitable outlet), it effectively allows the crown jewel to enjoy the benefits of the " brand" without having to pay any royalty fees. The fact that the Company has the right of first refusal to future sale of this outlet is of no comfort to me! Can the Independent directors address this concern please? 

Mist98      ( Date: 30-Nov-2017 11:35) Posted: Hopefully might be another jumbo.... Go up till 45 cents good enough :)

 

Hopefully might be another jumbo.... Go up till 45 cents good enough :)

 

I still remember having dinner with my wife at their 1st shop  in the 1990s...........business was very, very good.  We have to go early to get a seat.

 

sg market seldom good 1...alway downward pressure

bllue911      ( Date: 30-Nov-2017 11:19) Posted: today overall market not good also, will have some downward pressure. wishbone      ( Date: 30-Nov-2017 11:17) Posted: At this decling rate since hitting the high after opening, will it go below water and become submarine just on teh 1st day fo trading?

 

Further more tis one no ah kong like re&s....

bllue911      ( Date: 30-Nov-2017 11:19) Posted: today overall market not good also, will have some downward pressure. wishbone      ( Date: 30-Nov-2017 11:17) Posted: At this decling rate since hitting the high after opening, will it go below water and become submarine just on teh 1st day fo trading?

 

Unlikely, BBs inside already. But from the dumping, you can tell it' s not coming from the public tranche. Owners and placement investors cashing out.
Really cannot hold long, fast in fast out. 1 good toppish candle, and I' m out.

wishbone      ( Date: 30-Nov-2017 11:17) Posted: At this decling rate since hitting the high after opening, will it go below water and become submarine just on teh 1st day fo trading?    Siwomp      ( Date: 30-Nov-2017 11:09) Posted: Connections and be nice to your remisiers and they will want to help you as well.  Usually in IPO placement, they will give placement to employees, suppliers, etcs, etcs.......