Oldtown- So Little Coffee to go Around

Oldtown Berhad has completed its balloting. The results have shown that even the bumi portion has been oversubscribed by more than 3 times. As for the public portion, almost little chance even for one drop of coffee.From the ballot table, my chance is one in eleven.

Well, after reading some investment bank report that said there is a 25% upside to this issue, I took on another risky venture by going for yet one more wild Bill Hickok outing.

My forays.

UOA Development is an unmitigated disaster. Not all the King's men including UOA Australia, UOA Berhad and good ole EPF could do anything for its current melee. Went through the floor just like Rumpelstiltskin! Today it is shuddering at RM2.25 after losing 37 sen.

Then we have Eversendai. Did not lose but got candy cash. Too heavy,those steel structures, methink!

Yeah and missed the big one-MSM.

So,whether I get Oldtown or not, I do not fret too much because I believe that there are just too many IPOs going around at this juncture in time. The good one is obviously Bumi Armada.

May just concentrate on this one-lah