Price and value is two different thing. 2 different company would have same value if one is rm1 and has 100mil shares issued and another is 10sen and has 1bil shares issued. BOTH HAVE SAME VALUE = rm100mil market value (market cap)
Lotte Chemical Titan Holding Bhd will relaunch its initial public offering (IPO) on Monday at a lower price than initially targeted due to weak investor appetite, three sources familiar with the deal said.
The IPO will be likely be launched at RM6.50 per share, raising RM4.81 billion, the sources said, speaking on condition of anonymity as the process is private.
Better have statistics how many gain from high price IPO(above RM 1?) past 5 years. Is it more gainers or losers? Many fearful insiders con job. Say good during IPO but can turn after 1-2 years.
There is no official announcement yet from Lotte Chemical Titan Holding Bhd in Bursa Malaysia Website. If true, MIH should refund our application money immediately (by Tuesday 4 July 2017) for us to reapply at RM6.50 before a new closing date.
Never mind. I will call MIH Monday morning to find out the latest development and the procedure they will carry out shall there be a relaunch at RM6.50.
Malaysian Issuing House Sdn Bhd ("MIH") wishes to announce that following the completion of the bookbuilding process under the Institutional Offering by LCT, the institutional price has been fixed at RM6.50 per IPO Share. Accordingly, the final retail price for the IPO Shares under the Retail Offering has also been fixed at RM6.50 per IPO Share ("Final Retail Price"). As the Final Retail Price of RM6.50 per IPO Share is less than the Retail Price of RM8.00 per IPO Share which was paid in full upon application under the Retail Offering, a refund of the difference being RM1.50 per IPO Share shall be made to successful retail applicants, without any interest thereon.
A total of 7,386 applications were received for 32,023,700 IPO Shares under the Retail Offering for Malaysian Public. In addition, the unsubscribed shares under the Retail Offering of 21,267,800 IPO Shares, which were underwritten by the Joint Underwritters, were clawed back and reallocated to the Institutional Offering as set out in the Prospectus of LCT.
All Notices of Allotment for the IPO Shares will be mailed to successful applicants on or before 10 July 2017.
If day 1 drop a lot, and u still wan to invest in this counter, buy back same qty at lower price. then send back the form for sell back to lotte at rm6.50 And now ur lotte ipo price is lower than all institutional investor !
but i think if day 1 drop,. all retail will mail the RM6.50 form
I have just received the letter of allotment from MIH via City Link and all the shares are credited into my CDS account already. Hope for the best tomorrow.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Junichiro
2,063 posts
Posted by Junichiro > 2017-06-20 22:33 | Report Abuse
Time is on Lotte Chem's side. Oil price below $44 now.