Thursday, 4 July 2013

RANHILL IPO

Company Name: RANHILL ENERGY AND RESOURCES BERHAD
Main Business: Energy (i.e. oil & gas) and environment (i.e. water supply) sectors
Board: Main market
Stock Name: RANHILL
IPO Price: RM 1.85
PAR: RM 1.00
Market capital:  961 mil shares

Timetable for IPO
Date Description
04-07-2013 Open application
11-07-2013 Close application
15-07-2013 Ballot result
29-07-2013 Allotment shares
31-07-2013 Listing

Total shares offer: 407 mil (42.3% of total market shares)
1. Total institutional offering shares: 328 mil
    a. 110 mil shares for MITI Bumiputera.
    b. 218 mil shares for malaysian & foreign institutional and selected investors.
2. Total retail offering shares: 78 mil
    a. 52.6 mil shares for eligible directors and employees of the company.
    b. 6.3 mil shares for those have contributed to the company.
    c. 9.6 mil shares for Malaysian public (non-bumi).  (1% of total market shares)
    d. 9.6 mil shares for Malaysian public (bumi).

Financial summary
FYE Jun 2010(18 Months)
Dec 2011
Dec 2012
Revenue (RM mil) 1,346 2,454 1,985
Gross Profit (RM mil) 430 752 590
PAT (RM mil) 1,527 301 282
Diluted EPS (RM) 1.10 0.19 0.17

Dividend policy: 60% (from Year end 31 Dec 2014)
Currently, proposed 50% - 70% payout ratio.

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