24-03-2017, 11:35 AM
(This post was last modified: 24-03-2017, 11:40 AM by level13.
Edit Reason: I didnt see the reply i written.
)
(23-03-2017, 09:19 PM)holymage Wrote: Main purpose of IPO is to clear ~$100m of debt, due to the privatization, and ~$18m to expand in Myanmar JV.
I seldom buy into IPO. Let alone taking the shareholders' money to pay debt.
The Myanmar story is just to juice up the IPO. Just like what most companies who wanted to list here did in the
past 10 years. The majority have a sexy China story to spin.
We all know what happened after that...........................
There are no good stocks. Stocks are only good when they go up after you bought them.
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