Sunday, 6 October 2013

UMW Oil & Gas Corporation Berhad IPO


Company Name: UMW Oil & Gas Corporation Berhad
Main Business: Provider of drilling & oilfield services of the oil & gas industry
Board: Main market
Stock Name: UMWOG
IPO Price: RM 2.80
PAR: RM 0.50
Market Capital: 2.162 bil shares

Timetable for IPO
Date Description
03-10-2013 Open application
14-10-2013 Close application
17-10-2013 Price determination
18-10-2013 Ballot result
30-10-2013 Allotment shares
01-11-2013 Listing

Total shares offer: 843,180,000 units (39% of total share capital)
1. Total institutional offering shares: 648,600,000 units. (30% of total share capital)
    a. 248,630,000 shares for MITI Bumiputera. (11.5% of total share capital)
    b. 399,970,000 shares for malaysian & foreign institutional and selected investors. (18.5% of total share capital)
2. Total retail offering shares: 194,580,000 units. (9% of total share capital)
    a. 151,340,000 shares for eligible directors and employees of the group, and those have contributed to the company. (7% of total share capital)
    b. 21,620,000 shares for Malaysian public (Bumi). (1% of total share capital)
    c. 21,620,000 shares for Malaysian public (Non-Bumi). (1% of total share capital)

Financial summary:
FYE Dec 2010Dec 2011Dec 2012(6 Mths)
Jun 2012
(6 Mths)
Jun 2013
Revenue (RM mil) 348 550 724383325
Gross Profit (RM mil) -41 102 835796
PAT (RM mil) -47 79 714788
Net EPS* (Cents) -3.13 5.05 4.652.995.67
Net EPS** (Cents) -4.36 7.04 6.484.177.90
* based on 1.550 bil shares of RM 0.50.
** based on 2.162 bil shares of RM 0.50.

Targeted dividend policy: Nil
Estimated DY: Nil

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