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| Nylect Technology |
(Post 1 of 130) 08/02/2000.13:16:00 |
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Nylet Technology Get OK To List On SGX SINGAPORE (Dow Jones)--Singapore's Nylet Technology Pte. Ltd. said Wednesday it has received in-principle approval from the Singapore Exchange for a listing on the junior board, or Sesdaq. Formed in 1976, Nylet provides mechanical and electrical engineering services and has established a niche in installing mechanical and engineering works for wafer fabrication and pharmaceutical plants, the company said. The company has a 60% stake in a joint venture company, Nylet Shanghai, based in mainland China. The company reported pretax profit of S$2.3 million on revenue of S$23.1 million for the year ended Dec. 31, 1999. Overseas Union Bank Ltd is the lead manager of the initial public offering. |
| (Post 2 of 130) 08/02/2000.17:19:00 |
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Axiom, Correction, company name is NYLECT TECHNOLOGY. I think DJ has spelt it wrongly. |
| (Post 3 of 130) 08/02/2000.17:43:00 |
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Yep.....should be "Nylect" instead of "Nylet". |
| (Post 4 of 130) 08/03/2000.22:20:00 |
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Nylect expects to launch its initial public offer (IPO) by the end of this month. This is an extract from ST. The homegrown company, founded in 1976 by executive chairman Sim Hee Chew, started out as an electrical engineering contractor for industrial buildings and Housing Board flats. It has since developed into a service provider performing M&E engineering design and installation work for industrial parks, industrial and commercial buildings. Nylect posted a net profit of $1.6 million on a turnover of $23.1 million for the year ended Dec 31. Overseas Union Bank is the manager, underwriter and placement agent for the IPO. |
| (Post 5 of 130) 08/04/2000.09:14:00 |
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Nylect Engineering Group of Companies was incorporated in Singapore in 1982, ever since the Company had undertaken many electrical engineering design and construction services in the Building industry, in both Singapore and the Region. Got this from their corporate website. "Today, Nylect has regionalized. We are leading the industry by being one of Singapore's first few M&E contractor to export our expertise to China, one of the fastest growing markets in Asia today. Nylect achieved the ISO 9001:1994 award certification in January 1998. Our ISO 9001 system and methods enable us to confidently manage sizeable and diverse works across multiple industries such as design and build in turnkey projects for electrical and mechanical works. " |
| (Post 6 of 130) 08/04/2000.09:30:00 |
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Acorn, Looks like we have the same sentiment. Those IPO like ITG or Ezyhealth (now eWos) are not performing at all. For the time being I'd rather go back to the brick & mortar businesses to look for opportunities. Too early to see how this IPO will be, wait for details & the SI Prosp Summary lor. |
| (Post 7 of 130) 08/15/2000.09:09:00 |
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Nylect gets SGX nod to list Sesdaq aspirant expects to launch IPO this month to raise company's image By Bryan Lee MECHANICAL and electrical engineering services company Nylect Technology has received in-principle approval to list on Sesdaq and expects to launch an initial public offer this month. Mr Koh: Listed status would help our plans to go regional -------------------------------------------------------------------------------- Chief executive David Koh said yesterday the IPO would be modest and listing was aimed mainly at raising the company's image. "Listed status would help our plans to go regional," he said. Nylect now has subsidiaries in Malaysia and China. Proceeds of its IPO will be used to repay bank borrowings and as working capital. Overseas Union Bank is manager, underwriter and placement agent for the offer. Nylect does mechanical and electrical engineering design and installation work for industrial parks and industrial and commercial buildings. Previous projects include the Ritz Carlton Millenia Hotel, the Bayer factory and Tuas Tech Park. The company specialises in electrical installations at wafer fabrication and pharmaceutical plants, which provide 20-25 per cent of its revenue. Previous clients include Chartered Semiconductor Manufacturing and Wyeth Pharmaceuticals. Mr Koh believes it is the only local player in this area. It has just four competitors in the field, mainly Japanese firms. Nylect chairman and founder Sim Hee Chew said: "Our technical know-how and experience in providing specialist services for clean rooms will enable us to tap opportunities in the semiconductor and pharmaceutical industries in Singapore." Nylect diversified into the design and manufacture of enclosures and frames for the infocomm market last year. The company had $32.3 million of contract work in hand in May. It posted a pre-tax profit of $2.3 million on turnover of $23.1 million in the year ended December 1999. This compares with a profit of $1.6 million on turnover of $28.3 million previously. Adios :) |
| (Post 8 of 130) 08/16/2000.18:33:00 |
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Competitive Strengths of Nylect's business Established track record – More than 10 years track record with customers eg. Maxtor Peripherals, Seagate, Lend Lease. – Leverage on MNC links for regional expansion eg. Golden Village in Malaysia BCA L5 grading – Able to tender for public sector contracts of up to $10m value – Only 62 contractors / suppliers have been awarded L5 Competitive Strengths Cohesive team of dedicated and experienced managers – Core loyal group (~40% with more than 5 years service) – Qualified staff (staff qualifications; emphasis on staff training etc.) Focus on quality and service – ISO9001 certification design / engineering capabilities, critical criterion for tapping regional business pulled in by MNCs Competitive pricing – Established relationships with suppliers Niche market – Specialist M & E engineering for wafer plants / clean rooms – Nylect is one of the contenders for wafer plant equipment connection projects Experienced management – Chairman has 28 years’ of experience, well-supported by a team of professional managers with substantial field experience |
| (Post 9 of 130) 08/16/2000.18:59:00 |
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Industry Prospects here is a bit more abt the industry prospect for Nylect Tech. Up-trend in global semiconductor industry – Global Demand for Semiconductor to grow at a compounded annual growth rate of 12.3% from 1998 to 2003 # – Singapore accounts for 9% of the global semiconductor market ( i.e. US$14 billion out of US$150 billion in 1999)* #Source: EDB Industry Briefings, Q1 2000 *Source: Speech by PM Goh Chok Tong, 18 February 2000 Industry Prospects Positive outlook for Singapore’s electronics and semiconductor / wafer fabrication industries – EDB’s initiatives to develop Singapore into a wafer fab manufacturing hub by 2002* – Building of new wafer fab facilities --- ST Microelectronic (US$1b) by end 2000 --- JTC’s wafer fab park at Pasir Ris, new plants by CSM (US$2b) to be completed by mid 2001 --- 6 of the 7 key players are regular customers of Nylect *Source: Speech by PM Goh Chok Tong, 18 February 2000 Industry Prospects Recovery in Singapore’s industrial development – Construction demand per value of construction contracts expected to increase by 48% to $15.4 billion in Year 2000* – Occupancy of JTC Flatted and Standard Factory spaces * Q1 2000 & Q4 1999 – 76.3% and 75.7% (Flatted Factory) * Q1 2000 & Q4 1999 -- 89.3% and 89.4% (Standard Factory) - URA Estimate of Potential Industrial Space Supply * 2000 ~ 1.6 m sqm; 2001~ 1.5 m sqm EDB’s emphasis on life science / pharmaceutical cluster – Pharmaceuticals sector’s 1999 output grew 77% over 1998* – EDB’s target to make life sciences / pharmaceuticals cluster the 4th pillar of economic growth for Singapore - “EDB expects output growth for pharmaceuticals industry to continue to expand at a healthy rate in 2000”* – Development of Pharma Park at Tuas - attracted MNCs to set up factory, e.g. Warner Lambert of USA *Source: EDB Industry Briefing 2000, 3 February 2000 Growing Regional Markets – Recovery in economic activities – ‘Pull’ factor by MNCs and Singapore-listed companies – Established presence and track record in PRC and Malaysia Positive outlook for Singapore’s telecom market – Government’s liberalisation programme from 1 April 2000 – Expected increase in demand for telecom and data com infrastructural products/services |
| (Post 10 of 130) 08/17/2000.12:42:00 |
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Not many shares offer to public so will be heavily oversubscribed. |
| (Post 11 of 130) 08/18/2000.00:08:00 |
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im going to bet taht this is a successful IPO lets wait and see! anyway, anyone got any idea on this share at all? |
| (Post 12 of 130) 08/18/2000.00:11:00 |
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dengho....so how many you going to whack this time? 50 lots? |
| (Post 13 of 130) 08/18/2000.00:22:00 |
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Just subscribed and STAG it. Adios :) |
| (Post 14 of 130) 08/18/2000.00:24:00 |
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 not too sure how many im going to go for...but probably 100 lots if everything goes right..i mean singaporemarketsummary says to storm for it! cya fang! |
| (Post 15 of 130) 08/18/2000.14:03:00 |
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lim and tan is offering placement shares to its customers....dunno this is good or bad leh any advise anyone? |
| (Post 16 of 130) 08/18/2000.14:12:00 |
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Just saw the Nylect banner is up in the IPO page in SI. Click thro the website, quite cool. Hmmm, looks like they are ready to list on Monday! or Tuesday! Excellent timing Nylect, now there is no IPO now open for subscription - a phenomenon considering the avalanche of IPOs the past few months. |
| (Post 17 of 130) 08/18/2000.14:12:00 |
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three simply reasons y this counter will run: 1. float: 17m - 3m offer, 14m placement 2. price 21c 3. sentiment good luck, |
| (Post 18 of 130) 08/18/2000.14:20:00 |
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Listing day the price may double due to small free float (3 million shares). |
| (Post 19 of 130) 08/18/2000.16:30:00 |
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gee..the placement has rec'd overwhelming response. was told tht some brokers may not hv any placement shares at all. |
| (Post 20 of 130) 08/18/2000.20:02:00 |
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Heard from somebody.This company you buy, they dive, & you 'DIE'. |
| (Post 21 of 130) 08/18/2000.22:02:00 |
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Looking at what happen to Sunlight, worth taking a plunge. Smallist size and low pricing couple with some techy stuff should encourage good subscriptions. Already heard that there are not enough to go around in the placement side. Is it true can anyone confirm? Ciao ciao |
| (Post 22 of 130) 08/18/2000.22:26:00 |
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If the public offer is strongly oversubscribed (at least more than 60x), the listing price will be high. It should be easily more than 60x oversubscribe. Next week will announce offer to the public. |
| (Post 23 of 130) 08/19/2000.10:26:00 |
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Believe it or not.I'm not posting this for fun. |
| (Post 24 of 130) 08/19/2000.12:52:00 |
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Guyer, Thanks very much for you concern on this counter. I am sure you are as serious about what you put up as the other guy who is going to the atm to 'tikam tikam'. hehehe! Ciao ciao  |
| (Post 25 of 130) 08/19/2000.18:43:00 |
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> got this from nylect website. Hope to see good gain when listed :) enjoy Nylect Technology receives SGX Approval for SGX SESDAQ listing SINGAPORE - 2 August 2000 -------------------------------------------------- Nylect Technology Pte Ltd, a homegrown provider of mechanical and electrical (M&E) engineering services, has received in-principle approval from the Singapore Exchange for a listing on SGX Sesdaq. Overseas Union Bank Limited is the Manager, Underwriter and Placement Agent for this initial public offering of shares. Founded in 1976 by Mr Sim Hee Chew, Nylect has developed from a contractor providing electrical engineering work for industrial buildings and HDB flats to a service provider performing M&E design and installation work for industrial parks, industrial and commercial buildings, as well as electrical installation for wafer fabrication and pharmaceutical plants. The M&E projects undertaken by the Group in Singapore include the Ritz Carlton Millenia Hotel at Marina Bay, Golden Village Plaza Singapura, Jurong Point, Tuas Tech Park and an industrial park at Woodlands Industrial Park E1. Besides Singapore, the Group has also completed projects in Shanghai and Zhuhai in China, as well as projects in Kuala Lumpur, Malaysia. But it is in the area of wafer and pharmaceutical plants that Nylect is establishing its niche. Nylect's first breakthrough in M&E works in clean rooms for wafer and pharmaceutical production came in 1995 when it secured electrical installation projects for Class 10,000 clean rooms for Seagate, Maxtor and Miniscribe Peripherals. The Group subsequently provided design and build, as well as electrical system installation services for more stringent Class 100 clean rooms required by wafer fabrication and pharmaceutical plants. To date, the Group's track record for M&E engineering installation works for wafer and pharmaceutical plants comprises electrical installation projects completed for Chartered Silicon Partners, TECH Semiconductor, Wacker Siltronic, Chartered Semiconductor Manufacturing, Silicon Manufacturing Partners, Schering Plough, West Pharmaceuticals Services and Wyeth Pharmaceuticals. According to the Economic Development Board (EDB) Industry Briefings 2000 in Q1 2000, the global semiconductor industry is expected to grow at a compounded annual growth rate of 12.3% from 1998 to 2003. Singapore will grow in tandem with, or better than, worldwide growth with new plants starting/ ramping up. The EDB is also confident of achieving annual double-digit growth for the Life Science Industry in the coming years. Several new projects under construction in the Pharma Park in Tuas are expected to contribute to the strong growth. "Our technical know-how and experience in providing specialist M&E services for clean rooms will enable us to tap on opportunities in the semiconductor and pharmaceutical industries in Singapore," said Mr Sim Hee Chew, the Executive Chairman and founder of Nylect Technology. The Group established its first presence and expansion in Southeast Asia by acquiring a 70% stake in Nylect Malaysia in 1996. It has since undertaken and completed numerous projects with Tanjong Golden Village Sdn Bhd for its cineplexes at Sunway Pyramid Shopping Complex, Subang Jaya, Kuala Lumpur City Complex and The Mines, Kuala Lumpur. In November 1998, the Group undertook its first project in Pudong, China, for JIT Electronics Factory. At about the same time, the Group also provided consultancy services in China through Nylect Shanghai, a 60%-owned joint venture company. Mr Sim added:" Through the years, the Group has built an excellent track record in providing quality products and technical expertise. Our emphasis on prompt service and response, together with a well disciplined and highly skilled workforce have helped us garner customer royalty. As at 29 February 2000, 76% of our outstanding projects and orders came from repeat customers. Some of our multinational clients based in Singapore have also engaged our services when setting up operations overseas." In 1993, the Group was awarded a "L5" grading from the Building and Construction Authority (BCA) for ME05 projects. The ME05 category covers installation, testing, commissioning, maintenance and repair of electrical-based systems, buildings and marine vessels. The rating allows the Group to bid for public sector projects worth up to $10 million In January 1998, Nylect was awarded the ISO9001:1994 certification for meeting quality standards in the provision of electrical installation services, including both turnkey as well as design and build projects, thereby endorsing the Group's commitment to quality. In September 1999, the Group diversified into customized design and manufacturing of enclosures and frames for the telecommunications and data communications markets through a 51% stake in MST Precision. Nylect Technology achieved a turnover of $23.1 million and profit before tax of $2.3 million for the financial year ended in December 1999. |
| (Post 26 of 130) 08/21/2000.10:00:00 |
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hey all...this's my first posting though i've been trading for a year..benefited from others' posting so i thot i should help the others. i waz offered the private placement for Nylect but was later told that due to a shortage, i'b be given 5 instaed of 20 lots.(Justgg is right) Heard from those in the industry that the PE is 7 times...just the right ingredients for a double. |
| (Post 27 of 130) 08/21/2000.14:22:00 |
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Just a brief what they do. Technology means a lot of things.... this is what it means for Nylect. Got this from their website. Just go to SI IPO segment and click on the banner...... Specialist Engineering Services Services include: - Design & build industrial and commercial projects - Supply and installation of clean room electrical system - Clean room equipment connection and testing - Addition and alteration works, e.g. supply, installation and commissioning of bus ducts and submain cables M&E Engineering Design and Installation for Industrial Parks/Industrial & Commercial Buildings Services include: - Sizing and installation for submain cables, cable trays, trunking and ladders - Planning for routing of submain cables - Distribution board configuration and protective devices - Lighting and power layout - Electrical and fire alarm fittings, and accessories per local code of practice - Submission, testing and due with approval matters with local authority - Test and commission electrical installations as per local authority requirement |
| (Post 28 of 130) 08/21/2000.16:31:00 |
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Electrical contractor profit magin very very low. |
| (Post 29 of 130) 08/21/2000.16:32:00 |
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Electrical contractor profit margin very very low. |
| (Post 30 of 130) 08/21/2000.16:33:00 |
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Electrical contractor profit margin very very low. |
| (Post 31 of 130) 08/21/2000.17:35:00 |
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Launch is expected soon. It is a M&E provider similar to MAE but has its specialty in wafer fabrication and electronic applications. PER apprx. 7x historic PER. Absolute price below $0.25. |
| (Post 32 of 130) 08/22/2000.22:32:00 |
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small float, worth a stag...turnover $23mil but $2mil pre-tax profit...overheads and costs too much - also, bulk of pharmautical plants shifting to overseas countries like thailand, indon and vietnam, china, etc which nylect doesn't have much presence and relies too much on local businesses. this will be in the same league as hiap seng and rotary, mae, etc, so i'm trying my luck for a stag. cheers. |
| (Post 33 of 130) 08/23/2000.16:26:00 |
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Nylect IPO launch : 21cts of only 17.5 million shares ! |
| (Post 34 of 130) 08/23/2000.17:20:00 |
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Growth Strategies and Industry Prospects Outlining its plans for future growth, Nylect has set up the following key growth strategies : · Strengthen track record in wafer plants Singapore’s semiconductor industry is expected to grow in tandem, or better than the global semiconductor industry, which is expected to grow at a compounded annual growth rate of 12.3% from 1998 to 2003. Nylect intends to enhance its competitive edge and track record in the provision of specialist M&E services in the wafer plant niche market. · Expand its customer base in the pharmaceutical industry The pharmaceutical sector’s output in 1999 grew 77% over 1998 and the EDB expects output growth to continue to expand at a healthy rate in 20001. Riding on experience gained from prior projects, Nylect intends to expand its customer base in the pharmaceutical industry. 1Source : EDB Industry Briefings 2000 Industry 21 (3 February 2000) · Recovery in construction demand Construction demand, as measured by the value of construction contracts, is expected to increase 48% to $15.4 billion in Year 2000. According to the fourth quarter 1999 Potential Supply by URA Real Estate Statistics Series, the estimated potential supply of factory space to be completed in year 2000 and 2001 are 1,598,200 sqm and 1,483,500 sqm, respectively. The Group intends to capitalise on the potential in construction demand and factory space supply through its suite of M&E services for industrial parks, industrial and commercial buildings. · Increase its presence in Malaysia and the PRC The Group intends to capitalise on its established track record in Malaysia and the PRC. Nylect’s presence in these countries will enable the Group to be closer to its clients who have or who are setting up operations in these countries. · Enhance its design capabilities Nylect plans to enhance its capabilities in the areas of air-conditioning and mechanical ventilation. This will enable the Group to provide a complete range of M&E engineering services which include design and installation of electrical, air-conditioning, mechanical ventilation and fire detection as well as alarm systems. |
| (Post 35 of 130) 08/23/2000.17:28:00 |
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A little more abt Nylect.... here is the PRESS RELEASE on the IPO. Nylect Technology offers 17.5 million shares at 21 cents each Singapore – 23 August 2000 – Nylect Technology Limited (“Nylect”), a homegrown M&E engineering services provider, is offering 17.5 million shares at 21 cents each in conjunction with its listing on SGX Sesdaq. Overseas Union Bank Limited is the Manager, Underwriter and Placement Agent for this initial public offering (IPO) of shares. Of the total, 3.0 million shares will be offered to the public and 14.5 million shares will be placed out. The placement tranche includes 4.4 million shares reserved for Directors, employees, business associates and those who have contributed to the success of the Group. Representing about 25 percent of the enlarged share capital, this IPO is expected to raise net proceeds of approximately $2.9 million for the Group, which has been earmarked for working capital and repayment of bank borrowings. At a price of 21 cents, the issue is priced at a price-earnings ratio of 7.09 times its net earnings per share for FY 1999 and a premium of 41.22% over its audited net tangible assets as at 31 December 1999, after adjusting for, interalia, the restructuring exercise undertaken pursuant to the IPO. The invitation will open for subscription on 24 August 2000 and will close at noon on 31 August 2000. Nylect’s shares, when listed, will be traded in board lots of 1,000 shares each. Established in 1976 as an electrical contractor, Nylect has grown to become a regional enterprise providing mechanical and electrical (M&E) engineering services for industrial parks as well as industrial and commercial buildings. The Group has also carved a niche in providing specialist M&E services for wafer fabrication and pharmaceuticals plants. Some of the Group’s M&E design and installation projects for industrial parks, industrial and commercial buildings include the business park development at the Changi Business Park, flatted factory at Woodlands Industrial Park E1, Sengkang LRT, CHIJ Primary School at Punggol and a manufacturing facility for Singapore Aerospace Manufacturing Pte Ltd. In the area of specialist M&E installation works for wafer plants and clean rooms, ongoing projects include projects for Silicon Manufacturing Partners, Chartered Silicon Partners and Systems on Silicon Manufacturing Company (SSMC). “Through our domain knowledge, technical expertise and highly trained staff, the Group is able to thrive on quick project turnaround. In addition, our quality service and excellent technical support translates to quick time to market for our customers,” said Mr Sim Hee Chew, Executive Chairman and founder, Nylect Technology Limited. The Group’s hallmark of excellent service and quality customer support led to an ISO 9001 certification in 1998. This award lends a competitive advantage to the Group when bidding for projects offered by multinationals. “With more than 10 years’ experience in providing specialist engineering services, the Group is also well-poised to leverage on the growth potential in the semiconductor and pharmaceuticals industries, underpinned by the Government’s impetus in these sectors,” added Mr Sim. Outside of Singapore, the Group has operations through its subsidiaries in Malaysia and China. To date, Nylect Malaysia has undertaken projects for Tanjong Golden Village Sdn Bhd for its cineplexes in Kuala Lumpur. Nylect made inroads to China in 1998 through a 60%-owned joint venture company, Nylect Shanghai. The Group’s maiden project was undertaken for JIT Electronics Factory in Pudong. Today, the Group continues to provide consultancy services in China through Nylect Shanghai. Since late-1999, the Group has diversified into customised design and manufacturing of enclosures/frames for the telecommunication/data communication industry. This business activity is effected through a 51% stake in MST Precision. |
| (Post 36 of 130) 08/23/2000.17:47:00 |
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Now its easier to choose which IPO to subscribe, Miyoshi or Nylect. Actually was talking to my friend and he said that the choice is clear.... ie, what he means the float. Nylect is only having 17.5M Shrs at 21cts Miyoshi = 70.69 mln shares at 26.5cts Size is so small, price so low...how to lose? First things first.... if only you can lay your hands on them. Suggest apply as many lots as the money you have in the bank. |
| (Post 37 of 130) 08/23/2000.18:05:00 |
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How to lose? 3,000 lots offered to public. You 5 lots , I take 10 lots. Finish already ! Plus ..... Sound fundamentals, good industry potential, long track record to show (since 1976), ISO cert, penetrating bigger markets like China, low absolute price (21 cts only), low PE (7 times only) How to lose? |
| (Post 38 of 130) 08/23/2000.19:30:00 |
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Hi, How to lose is what you buy with your eyes close. Agree recommend stag because of issue size. Other than that is there any other better story than M&E company. Your guess is as good as mine. Looking at Sunglight and Cytech. Ciao ciao |
| (Post 39 of 130) 08/23/2000.21:03:00 |
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This IPO seems to be very attractive because of simple formula of low PE & small issue size. |
| (Post 40 of 130) 08/23/2000.21:23:00 |
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ANother MAE Engr in the making? |
| (Post 41 of 130) 08/24/2000.02:16:00 |
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Nylect Technology to raise net proceeds of 2.90 mln sgd via IPO SINGAPORE (AFX-ASIA) - Nylect Technology Ltd said it will raise net proceeds of 2.90 mln sgd through its IPO of 17.50 mln shares at 0.21 sgd each. The proceeds have been earmarked for working capital and repayment of bank borrowings. The IPO comprises a placement tranche of 14.50 mln shares, which includes 4.40 mln shares reserved for employees and business associates. Another 3.0 mln shares comprise the retail tranche. Established in 1976 as an electrical contractor, Nylect has expanded its services to include provision of mechanical and electrical engineering services for industrial and commercial buildings. The Nylect IPO, which opens for subscription tomorrow, closes on Aug 31 and the shares will start trading on Sept 4. Overseas Union Bank is manager, underwriter and placement agent for the IPO. At the IPO price, Nylect shares are being offered a historic price earnings ratio of 7.09 times, it said. |
| (Post 42 of 130) 08/24/2000.10:02:00 |
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Look at the PE ratio for MAE,Rotary & Hiap Seng. I don't think it is worth trying. Cheap is one thing,but how is this industry is performing at the moment is another thing. Never buy with two eyes close. If it is 5X PE, I may consider. Think about it !!! |
| (Post 43 of 130) 08/24/2000.14:20:00 |
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Heard the placement issue was many times oversubscribed. With only 3 million shares offered to public, it can be oversubscribed by 100 times. Expect strong opening on listing day. |
| (Post 44 of 130) 08/24/2000.14:33:00 |
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Launch Listing Today Price : $ 0.21 Launch : 24 August 2000 Closing : 31 August 2000 ; 12.00 pm http://www.nylect.com/ Please click above to go to Nylect’s Company website. Nylect Technology was incorporated in Singapore in 1982. Ever since, the Company has undertaken many mechanical & electrical (M&E) engineering design and installation services to the wafer fabrication plants, pharmaceutical factories and factories in various industrial sectors, both locally and regionally. Nylect also provide our services to commercial and residential development. The Invitation Invitation in respect of 17,500,000 New Shares comprising of : a) 3,000,000 offer shares at $0.21 for each offer share by way of public offer and b) 14,500,000 placement shares by way of placement, comprising :- I) 10,100,000 placement shares $0.21 for each placement share and II) 4,400,000 reserved shares at $0.21 for each reserved share reserved for directors, employees, business associates and those who have contributed to the success of the Group. Lead Manager, Underwriter & Placement Agent : OUB |
| (Post 45 of 130) 08/25/2000.11:18:00 |
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Nylect's IPO Prospectus Summary is found at the SI IPO page. Just click on the green ball beside Nylect on "More Info". For your convenience...... http://www.shareinvestor.com/sg/ipowatch/NylectSummary.htm |
| (Post 46 of 130) 08/25/2000.12:16:00 |
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Thanks to Tanker for such excellent "insight". Looks like Nylect with 17M shares of which 3,000 lots for the public will be overwhelming !!! Last day of IPO subscription is 31 August, mark that in your diary..... Reposting for archive purposes: By Tanker on Friday, August 25, 2000 - 10:45 am: IPOs - What analysts will not tell you. I have always look at IPOs from a simplistic viewpoint. Not one to deal with mumbo jumbo of NTA, RAV, Yield etc...but I do look at P.E. ratio as a rough gauge vis-a-vis the competitors. But roughly, some salient points I look for are: Issue size. If it is below 30 mln - Buy (its not important if the biz is not too great. Unless the company is selling char Kway Teow, then any issue below 30 mln is what I would call "close eyes and buy" IPO. If size if below 20mln like in FDS, then I would suggest that you be very nice to your broker. Send him a birthday card and when he tells you its not his birthday, just apologise and tell him he is the greatest guy on earth. Anything from 30 to 50 million shares- better get down to serious reading of the prospectus. If you do not have an accounting degree, I suggest two things: check out total net profits for past three years. If its declining, give it a miss. Find out what the company plans to do with the money. If its to pay off loans, then give it a miss too. A well known adage says.." dont go bust, go IPO" will apply here. Look at directors pay. Do they increase their pay substantially after the IPO? If they are in need of a huge pay increase, then I suspect the bottomline of the biz may be affect. It also shows the lack of "IT" factor of the directors. What do I mean by "IT" factor? IT is having the guts to fight it out to make it to the top even after IPO. Try to attend IPO presentation and learn about their products. Looks for earnest men and women at the helm of the company. Do they look honest? Do you think you can trust them with your money? Watch out for hype at IPOs. If they tell you they have rich parents such as SIA(two children-SATS and SIA Engr) or SPH (only child-SPH Asiaone), then buy into the parents but not the kids. Its quite clear that the parents are rich but rich kids are too dependent on their parents. Maybe one day these kids will be rich but lets wait for that day. Look at the hands and arms of the directors...if its pale shade on the hands and dark on the arms...they may be playing too much golf! What would a golfer do with an additional $50 mln in the bank? Play more golf! Lastly, if you plan to stag an issue, sell on the first day. Remember a stag is a stag. Dont change your mind halfway and turn from a stag to a bull. Stay on course.. More later... 2 cents worth.. |
| (Post 47 of 130) 08/25/2000.15:11:00 |
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Just confirmed kena 2 lots of Boardroom IPO placement shares. Looks that I have to go to the ATM liao. Adios :) |
| (Post 48 of 130) 08/25/2000.15:21:00 |
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Zico, Thanks for your kind words. I would term Nylect as a "suck-up-to-your-broker" IPO or die-die-must-buy in Singlish. Looking for my fav ATM for good luck on this one. Cheers... |
| (Post 49 of 130) 08/25/2000.15:30:00 |
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Tanker, It easy to see how hot this IPO will be. My friend, colleague beside me told me that I shldnt talk abt this IPO in SI so as not to stir up anymore interest in this issue (he thinks that investors in the forum dunno, how wrong!) He said I shld quietly apply for it with all my money in the bank plus go and borrow money from ready credit and aunties and uncles and yes, my neighbours ... to apply this IPO hahahaha. We laughed abt this and called this period between the Nylect IPO launch date & closing date the "fund raising" campaign ! Good fundamentals & management.... plus a small float.... need any more hints? |
| (Post 50 of 130) 08/25/2000.15:43:00 |
| Author : |
definitely @ least 50% upside...... very very small float.... this must be one of the smallest IPO we have seen for a long long time........ small tranche...... cheap pricing.... the staff will probably be laughing their way to the bank when it opens... Tried getting the Placement tranch thru GK..... wah lau.... apparently the whole GK Goh only alloted 72 lots...... pathetic... !!! most prob cannot get.... try my 1 in 20 luck from IPO.... @ least higher chance than 4-D... ;) |
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