Interesting Numbers - Formula One IPO

[Froggy]

I am no investor in the stock market, only shares I own in the stock market are still the Singtel ones the government so graciously offered to us as citizens. Anyway this morning during breakfast and reading the IHT came across an article that reads "Formular One group readies Singapore I.P.O." Saw some interesting numbers but could not really make sense due to my lack of knowledge so wish to share with you guys and hope some of you could share with us what it means particularly on the health of this company and the potential of the company and whether should invest or not in future.

a. Revenue 2011 = $1.5 billion
b. Wish to raise = $2 to $3 billion from the IPO
c. Last month refinance $1.8 billion in debt (did not disclose actual total debt or is this it)
d. Company claimed to have backlog contracts worth $7 billion
e. Company employs 200 people
f. 63% owned by provate equity group CVC Capital Partners

Something not mention in the report but all of us already know is 81 years old Bernie Ecclestone makes all the decisions.

OK that's it what do you guys think?

 

[Narong Wongwan]

Is this IPO the same as what Manu planned for Asia type?
Those without voting rights type?

No issues with 81 year old guy calling the shots.
First world Sinkieland is run by someone older and we are doing perfectly fine.

 

[saratogas]

PM Lee said, "When you start thinking that you can create something out of nothing..." and make alot of $$$! Dark clouds will gather.

 

[jw5]

Did the article state their net profit and cashflow for the past few years?

 

[GOD IS MY DOG]

i been watching F1 for 25 years........................

and i tell you....................Ecclestone, the old fart is abandoning ship, hence IPO..................

the old fart very greedy one all these years....................very little prize money given to the F1 teams..............he keep most of the profits himself.................


now many countries like China, Turkey and other European races wanna give up F1 races liao.................the old fart charge them too much and the races losing money.................

that's why now more races in Asia.........................


with Super Recession coming..................Asian countries also won't pay for F1 races................

 

[Froggy]

Did the article state their net profit and cashflow for the past few years?

Sorry jw5 today I very busy in Jakarta even until now still working on the way to meet customer for dinner and product presentation. Sigh its a dog's life.

No the article did not mention anything you asked.

 

[erection2015]

if no other info forthcoming then got 2 options

1) Avoid ...steer clear of the stock until you get more info and can make an informed choice.

2) Ask Besotted what he thinks and which position he thinks is good......then do the opposite. Sure make money then.

Sorry jw5 today I very busy in Jakarta even until now still working on the way to meet customer for dinner and product presentation. Sigh its a dog's life.

No the article did not mention anything you asked.

 

[LeMans2011]

Formula one has reached a dead end. How much further and bigger could you possibly take this sport? Beyond entertainment, how much publicity value does it offer to participants? From 10 races a year couple of years back... we have now reached 20 races a year and it looks set to keep increasing! I have stopped subscribing to the Sports Channel cos' i am starting to find it boring. Apart from the nail biting competition between the few champs... there is really very little entertainment left.

Fxxker Bernie is damn greedy.. insisted on pushing ahead the Bahrain race despite the political uncertainty... at the risks of participants.

Every IPO's first and foremost objective is to enable the major shareholders to cash out and become a billionaire... no doubt about that and nothing to quarrel about.
Gotta look at the pricing... just see what happened to facebook.

Personally i prefer endurance racing with street legal cars ie the stock Ferraris, Lambos, Porches, Aston Martins, etc... the ultimate one being Lemans24 hour endurance racing (heehee... that is the reason behind my nick)... if a car can be driven for 24 hours at > 200kmh and complete the race... i am confident to buy the car

 

[Froggy]

Yes 10 years ago I follow the races very closely and then less until now zero. Why? Same same getting more and more boring. Anyway I am no stock investor just posting this for discussion.