Ranhill Energy and Resources Berhad, a energy and water company is scheduled to be listed in Main Market of Bursa Malaysia on the 31st July 2013.
The Initial Public Offering (IPO) consists of 407 million shares at an indicative IPO price of RM1.85 per share at RM1.00 par value. Out of these, 328.7 million shares will be offered to institutional investors, while 78.3 million shares will be offered to retail investors including eligible directors, employees & Malaysian public.
The institutional price will be determined by way of book building while for the retail application, it is payable at RM1.85 upon application. If the final retail price is lower, the difference will be refunded accordingly.
The proceed from the IPO (RM753million) will be used for redemption of Islamic Medium Term Notes & Sukuk , acquisition settlement, business expansion to China and listing expenses.
Ranhill Energy and Resources intends to pay 50 to 70 percent of profit after tax as a dividend. For financial year end 31st December 2104, Ranhill Energy and Resources intend to pay a minimum of 60% of profit after tax as a dividend. Based on At an IPO price of RM1.85 and 2012 figures, the dividend yield is in between 4.53 to 6.34 % or 8.4 – 11.7 sen per share.
The table below is the financial summary of Ranhill Energy and Resources.
|FYE June 2010||(18 months) FYE Dec 2011||FYE Dec 2012|
|Profit after Tax (RM’000)||1,527,699||301,882||282,226|
|Earnings per Share (sen)*||109.80 **||12.57 ***||16.75|
|Price Earnings Ratio (x)*||1.68 **||6.54 ***||11.01|
** due to unusual non-taxable effect
For those who are interested in Ranhill Energy and Resources IPO, you may subscribe at ATM machines or via Internet Banking.
The retail subscription period is opened until 11th July 2013 at 5pm. Tentative balloting date is on 15th July while the allotment date is on 29th July 2013. Ranhill Energy and Resources stock name in Bursa Malaysia is “RANHILL”.
View Ranhill Energy and Resources prospectus in Bursa Malaysia webpage.
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