Bumi Armada Berhad, Malaysia’s largest supplier of vessels for the oil and gas industry finally launched its initial public offering prospectus. KUALA LUMPUR: Bumi Armada Bhd, a company controlled by billionaire or sen a share, according to the company’s draft prospectus. This distribution of the Electronic Prospectus and the IPO are subject to the laws of Bursa Securities, Bumi Armada the Promoters, Selling.
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Bumi Armada IPO prospectus launched – Tax Updates, Budget & Business News
Bumi Armada Bhd, a leading international offshore oil field services contractor, is schedule to be listed in Main Market on 21st July Bumi Armada was privatised in by T. Bumi Armada is an offshore oil support specialist, and is the only Malaysian company that owns floating wrmada storage and offloading vessels. Based on at the number of FPSO floating production, storage and offloading vessels it operates, Bumi Armada is now number eight in the world ranking.
More information regarding the company can be found in Bumi Armada webpage. The subscription period is opened until 7th July at 5pm. Tentative balloting date is on 11th July while allotment date is on 19th July View Bumi Armada prospectus in Bursa Malaysia webpage. The money for unsuccessful applicants will only days after balloting as compared to Maybank only 1 day.
The IPO money will use to generate interest in the money market at your cost. Backing by many cornerstone investors, bumi armada seems prospectks be a good ipo to apply for. Noted also bumi armada does not have any fixed dividend policy at the momment.
Apply via Internet, Yes, I agree with you. It takes longer time to get the money back. Somebody need to make complain on this. There are different opinion about this counter. Can you tell what is the fair value of this counter? Why Bumi Armada PE quite high? My strategy will sell at the first day if got la. Can we use this indicator to buy before election this year. I have few question here: As i know Hong Leong bank target price is RM3.
Thank you very much in advance. Regarding the fee, I think it is very much similar with internet banking. Hong Leong — RM3.
Bumi Armada Berhad IPO
Bumi Armada Bhd can achieve a three-year earnings compound annual growth rate CAGR of 23 per cent over the financial years Got a phone call from my mate in Hong Leong,they purposely forecast the fair value lower in order to get more shares from panic selling investors. Leave a Comment Cancel reply. SK 30th June,2: Re-listing company, wishing to apply but still have the concerns. What do you think? I wanted to apply too but looking at the PE Ratio, seem on high side.
May apply but using the same strategy, sell on first day. How much do we expect to get the first day premium? A few of IPOs popping up recently, may I know why? Apply via Internet 1st July,5: From their prospectus, Gearing ratio is about 0.
Wisil 3rd July,8: ;rospectus, I will post when the information become available. VeryStupidBoy 4th July,8: Bryan Fang 7th July,4: Wow… Seem worth to invest, but price was too high cant put much bullet.
Durian Runtuh 8th July,1: Bumi Armada Bhd, sold shares to institutional investors at RM3.
AdamRyan 20th July,9: