Author Topic: Coal Asia IPO priced at par value (Read 2017 times)

semikotne · « **on:** Aug 01, 2012, 08:24 PM »

Coal Asia IPO priced at par value
(The Philippine Star) Updated August 01, 2012 12:00 AM
http://www.philstar.com/Article.aspx?publicationSubCategoryId=66&articleId=833294

MANILA, Philippines - Coal Asia’s planned IPO will afford the investing public the rare opportunity of buying in at the same price as Coal Asia’s incorporators. This is according to the company’s prospectus which reveals plans to list 800 million shares on the Philippine Stock Exchange’s first board by the fourth quarter of 2012.

The company continues to draw interest from potential strategic and financial investors from the power generation and cement industries as well as investment funds with the objective of owning a stake in Coal Asia as a means to ensure continuous supply of coal and possibly hedge against another potential significant run-up in coal prices.

The company is evidently keen on ensuring the timely development of its high-grade bituminous coal mines as they are strategically located in Mindanao where there is a rush to establish critically needed power capacity, giving Coal Asia a leg up on opportunities for long-term supply agreements for thermal coal in the region.

And while the company previously confirmed having already bagged off-take contracts both here and abroad, Coal Asia also plans to supply steam-grade coal to cement plants, canneries, and manufacturing plants that have converted their diesel-powered plants into coal-powered plants to mitigate costs.

The P726.87-million net proceeds from the IPO is earmarked to bring its Davao Oriental mine into production by 2014 and its Zamboanga Sibugay mine by 2015. Of the proceeds from the IPO, P100 million will be spent for the completion of the exploration and feasibility study of the Davao Oriental mine, P400 million for the development of the Davao mine, and the balance for continued exploration at the Zamboanga Sibugay mine and for working capital requirements.

bajoyjoy · « **Reply #1 on:** Sep 16, 2012, 04:35 PM »

COAL ASIA (COAL) IPO

Offer period starts on Oct. 9 until 15, 2012
Listing date: Oct. 23, 2013
Underwriter: Abacus Capital
Offer price: P1/sh x 800 million shares

http://pse.com.ph/resource/memos/2012/LA_IPO_2012-0404.pdf

pmtmember · « **Reply #2 on:** Sep 16, 2012, 06:30 PM »

I think its 800,000,000 shares. I hope maganda ang entry ng company na to.

finance123 · « **Reply #3 on:** Sep 16, 2012, 10:44 PM »

I want to see the prospectus para malaman ko how attractive is the IPO! Paki post.

bajoyjoy · « **Reply #4 on:** Sep 17, 2012, 11:45 AM »

Quote from: pmtmember on Sep 16, 2012, 06:30 PM

I think its 800,000,000 shares. I hope maganda ang entry ng company na to.

ay oo nga, haha, sowee... edit ko na..

brians · « **Reply #5 on:** Oct 23, 2012, 08:48 AM »

today is the start of coal asia board lot 1000

Market_Market · « **Reply #6 on:** Oct 23, 2012, 04:24 PM »

And it ended its first day spectacularly.

IPO price = 1.00 php
Closing price - 1.50 php

Congratz to all who availed of this IPO.
50% increase in your wealth!

Archcavalier · « **Reply #7 on:** Oct 24, 2012, 12:50 AM »

hmmmm... I just learned something great about IPO's especially about LSI, you actually need a checking account... I dont have 1(as I dont see any need to have 1) so I bought mine thru the listing at 1.35 its OK...

Its not a race anyway...

Market_Market · « **Reply #8 on:** Oct 24, 2012, 02:36 AM »

^
Sometimes it can be done with cash.
You just need to deposit it to their account.
I remember buying Splash IPO using cash.

Archcavalier · « **Reply #9 on:** Oct 28, 2012, 05:53 PM »

^sometimes if its mentioned in the memo...

yllor · « **Reply #10 on:** Oct 28, 2012, 07:23 PM »

meron na po ba nakasilip sa mga financial books ng COAL aside from its info galing sa prospectus ng IPO sale..

bauer · « **Reply #11 on:** Oct 29, 2012, 10:15 AM »

^ Even if somebody has a copy of the financial report, wala kang pag aaralan dun. didn't you know, production will start by 2014 (it's their promise)?

Post Merge: Oct 30, 2012, 09:22 AM

Ano na naman itong kalokohan ng PSE. they are sending mix signals to investors.

After the IPO of COAL, now PSE wanted a new revaluation of Coal's assets. The last valuation was done march 2012 lang. bakit hindi sila nag order ng another valuation BEFORE the IPO para magkaalaman agad kung worth ba ang price sa laki ng asset?

Sus PSE, kelan ka kaya magbabago for the better?

strike · « **Reply #12 on:** Nov 09, 2012, 11:49 AM »

continous ang pagbagsak ng shares ng COAL after that announcement from PSE. Parang nagiging trend ng mga nag IPO na maganda lang sa simula then pababa ang trending....parang niloloko ang mga investors

alacrity · « **Reply #13 on:** Nov 09, 2012, 06:28 PM »

Quote from: strike on Nov 09, 2012, 11:49 AM

continous ang pagbagsak ng shares ng COAL after that announcement from PSE. Parang nagiging trend ng mga nag IPO na maganda lang sa simula then pababa ang trending....parang niloloko ang mga investors

Ganun po talaga sir, dapat talaga iniiwasan ang IPO dahil puro hype lang po yan, lalo na ngayon na maganda ang economy at maraming pera ang tao malakas ang loob nila na mag IPO kasi mataas ang chance na maging successful yan -- well successful para sa kanila.

Hmm napansin ko din na pag bear market e puro complain ang mga taga PSE na kailangan itaas ang mga commissions etc. pero bigyan mo lang sila ng isang malupit na IPO, tignan mo masaya nanaman sila