Author Topic: Manchester United Applied for Singapore IPO Listing  (Read 3947 times)

Manchester United Applied for Singapore IPO Listing
« on: August 19, 2011, 09:53:24 PM »
Ole Ole Ole ...........

SINGAPORE—U.K. soccer club Manchester United Ltd. applied to the Singapore Exchange for approval to list in the city-state late last week, taking the first step toward a likely $1 billion initial public offering before the end of the year, people familiar with the situation said Friday.

The people said that proceeds from the IPO will go toward further growing the club's Asia business and building commercial ties, as well as paying down club debt. Manchester United had gross debt of £522 million (US$861.4 million) last year, with a net loss of £84 million.

Although the people didn't say when Singapore Exchange approval is expected, the go-ahead to list usually takes between four and 12 weeks, depending on queries sent back to the company by the exchange. In cases of a "significant" listing, such as Manchester United, it could be four weeks, one person said. The Singapore Exchange said it wouldn't comment on individual listing applications.

The club, which was once listed on the London Stock Exchange as Manchester United PLC, had initially planned to list in Hong Kong, people familiar with the situation said earlier this week.

The bookrunners on the IPO are Credit Suisse Group, J. P. Morgan Chase & Co., and Morgan Stanley, people familiar with the situation said. Other banks on the deal are BOC International Holdings Ltd., CIMB Group Holdings Bhd., CLSA Asia-Pacific Markets and DBS Group Holdings.

Analysts from advising banks will be invited to Manchester next week to assess the club, one of the people added.

One of the people said the U.S.-based Glazer family, which owns the club, chose Asia as a listing venue because the region is "critical to the business from the point of view of commercial partners or sponsors."

Among Manchester United's sponsors in the region are Hong Kong telecom operator PCCW Ltd., Japanese car maker Honda Motor Co. Ltd., Telekom Malaysia Bhd. and Shinhan Financial Group Co. Ltd.

The fan base is also high. The person said that Singapore was chosen over Hong Kong because the "Singapore fan base of Manchester United is among the most fervent in Asia," adding that its exchange also has ranked first in corporate governance in recent surveys.

Still, analysts said one attraction of Singapore, beyond the fan base, could be the fact that it is home to sovereign wealth funds such as Temasek Holdings Pte. Ltd. and Government of Singapore Investment Corp., both of which tend to invest in IPOs around the region.

"If (the Manchester United IPO) does well, we could see that other international brands from Europe and the U.S. will see Singapore as a strong alternative to Hong Kong," said Kevin Scully, executive chairman of NRA Capital.

One of the people familiar with the deal said the Manchester United IPO will likely have a cornerstone tranche. Cornerstone investors pay the IPO price but get a predetermined amount of shares and are subject to a lock-up period, giving institutional investors comfort at a time of volatile markets.
早起的鸟儿有虫吃;
早起的虫儿被鸟吃。

“买股票就是买公司的股份”
“买股份就是参股做生意”

MACD分析法
1) 零轴上方(多头市场)
    只买第一个金叉;不买第二个金叉;不卖死叉
2) 零轴下方(空头市场)
    只卖第一个死叉;不卖第二个死叉;不买金叉
3)零轴附近(平衡市场)
    追随多空突破方向

Offline shareholder6279

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Re: Manchester United Applied for Singapore IPO Listing
« Reply #1 on: August 20, 2011, 02:21:07 AM »
angmo also come singapore and beg for cash. buy sell footballer in millions also can finish up debt.

They are all same, now they are all broke.

Whoever buying will cry in few years time

Offline sabelt

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Re: Manchester United Applied for Singapore IPO Listing
« Reply #2 on: August 20, 2011, 05:13:15 AM »
ini mat salleh mau tipu asian punya orang

Offline dkpm8910

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Re: Manchester United Applied for Singapore IPO Listing
« Reply #3 on: August 20, 2011, 07:37:49 AM »
imagine BIG MU paying their players by millions in pounds have to come to Asia to get $$$$$ to offset their huge debts, a big joke really,,,what growth in a soccer club if they dont win trophies>????

Offline greenapple

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Re: Manchester United Applied for Singapore IPO Listing
« Reply #4 on: August 20, 2011, 09:00:18 AM »
how come a huge football club like MU have a huge debt???

Offline hope

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Re: Manchester United Applied for Singapore IPO Listing
« Reply #5 on: August 20, 2011, 10:13:08 AM »
Its another piece of #### from the other side of the world. Despite things are getting so bad there, fees for buying out players continue to climb. Without support from the rich, these clubs are destined to die or taken over. The Glazers are a failure. MU was in financially strong before they came in and this IPO exercise is really a MAJOR life line because no banks in Europe / UK will lent them anymore money.

Re: Manchester United Applied for Singapore IPO Listing
« Reply #6 on: August 20, 2011, 10:56:01 AM »
when Rooney injured, this share will drop .... lol .....
早起的鸟儿有虫吃;
早起的虫儿被鸟吃。

“买股票就是买公司的股份”
“买股份就是参股做生意”

MACD分析法
1) 零轴上方(多头市场)
    只买第一个金叉;不买第二个金叉;不卖死叉
2) 零轴下方(空头市场)
    只卖第一个死叉;不卖第二个死叉;不买金叉
3)零轴附近(平衡市场)
    追随多空突破方向

Offline Ham zen

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Re: Manchester United Applied for Singapore IPO Listing
« Reply #7 on: August 20, 2011, 11:28:13 AM »
Ole Ole Ole ...........

SINGAPORE—U.K. soccer club Manchester United Ltd. applied to the Singapore Exchange for approval to list in the city-state late last week, taking the first step toward a likely $1 billion initial public offering before the end of the year, people familiar with the situation said Friday.

The people said that proceeds from the IPO will go toward further growing the club's Asia business and building commercial ties, as well as paying down club debt. Manchester United had gross debt of £522 million (US$861.4 million) last year, with a net loss of £84 million.

Although the people didn't say when Singapore Exchange approval is expected, the go-ahead to list usually takes between four and 12 weeks, depending on queries sent back to the company by the exchange. In cases of a "significant" listing, such as Manchester United, it could be four weeks, one person said. The Singapore Exchange said it wouldn't comment on individual listing applications.

The club, which was once listed on the London Stock Exchange as Manchester United PLC, had initially planned to list in Hong Kong, people familiar with the situation said earlier this week.

The bookrunners on the IPO are Credit Suisse Group, J. P. Morgan Chase & Co., and Morgan Stanley, people familiar with the situation said. Other banks on the deal are BOC International Holdings Ltd., CIMB Group Holdings Bhd., CLSA Asia-Pacific Markets and DBS Group Holdings.

Analysts from advising banks will be invited to Manchester next week to assess the club, one of the people added.

One of the people said the U.S.-based Glazer family, which owns the club, chose Asia as a listing venue because the region is "critical to the business from the point of view of commercial partners or sponsors."

Among Manchester United's sponsors in the region are Hong Kong telecom operator PCCW Ltd., Japanese car maker Honda Motor Co. Ltd., Telekom Malaysia Bhd. and Shinhan Financial Group Co. Ltd.

The fan base is also high. The person said that Singapore was chosen over Hong Kong because the "Singapore fan base of Manchester United is among the most fervent in Asia," adding that its exchange also has ranked first in corporate governance in recent surveys.

Still, analysts said one attraction of Singapore, beyond the fan base, could be the fact that it is home to sovereign wealth funds such as Temasek Holdings Pte. Ltd. and Government of Singapore Investment Corp., both of which tend to invest in IPOs around the region.

"If (the Manchester United IPO) does well, we could see that other international brands from Europe and the U.S. will see Singapore as a strong alternative to Hong Kong," said Kevin Scully, executive chairman of NRA Capital.

One of the people familiar with the deal said the Manchester United IPO will likely have a cornerstone tranche. Cornerstone investors pay the IPO price but get a predetermined amount of shares and are subject to a lock-up period, giving institutional investors comfort at a time of volatile markets.
mahu makan duit orang asia lagi..

Offline Oly Shyte

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Re: Manchester United Applied for Singapore IPO Listing
« Reply #8 on: August 20, 2011, 01:03:49 PM »
Ayoyo...sudah dua kali gua landed dalam SGX bukan Bursa punya forum woh...... :giggle:
Disclaimer: Every "I EAT" thread created were totally owned by Oly Shyte based on personal observation. It does not represent any stock promotion, buy, hold or sell call and most importantly gathering followers. Please make your own decision wisely! - OLY Securities Research

Offline Ļaughing Ģor

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Re: Manchester United Applied for Singapore IPO Listing
« Reply #9 on: August 20, 2011, 01:06:22 PM »
Man U should have list in Bursa mah, we have good cushion against market volatility. Investlah sure become even more lively if Man U listed in bursa.
Can someone to give me a Loan and then leave me Alone?

Offline StockGod

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Re: Manchester United Applied for Singapore IPO Listing
« Reply #10 on: August 20, 2011, 08:52:47 PM »
This Errol Oh (The Star) open letter to sir Alex Ferguson for him to consider listing in Malaysia... he forgotten MU is also known as Red Devil. PAS will object

Offline shareholder6279

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Re: Manchester United Applied for Singapore IPO Listing
« Reply #11 on: August 20, 2011, 09:42:33 PM »
The Stadium is asset.
The fans, TV rights is the customers(turnover)
The Player is the Productive machinery.
The Performance is the SCORE.

How do financial banker defined INVESTMENT ROI?
DIVIDEND?

They fool around european bankers until they all flops, now they come asia to 'BEG??'

walau

Offline StockGod

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Re: Manchester United Applied for Singapore IPO Listing
« Reply #12 on: August 20, 2011, 10:23:55 PM »
i think they earn money through sponsorship. That's why good player is expensive as sponsor will follow. Malaysia will not know how to appreciate the valuation just like we don't appreciate china companies listed in bursa. To malaysia, paying few hundred pound per week to footballer, we will say " you must be siau" and "u otak tak centre"

Offline alvintan

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Re: Manchester United Applied for Singapore IPO Listing
« Reply #13 on: August 21, 2011, 08:55:14 AM »
Man U should have list in Bursa mah, we have good cushion against market volatility. Investlah sure become even more lively if Man U listed in bursa.

Putih Putin give 30% to umno ?

Offline Ham zen

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Re: Manchester United Applied for Singapore IPO Listing
« Reply #14 on: August 21, 2011, 10:15:39 AM »
Putih Putin give 30% to umno ?
d msia ..asal ada untung..umno memang ada sama

Offline simple-cheese

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Re: Manchester United Applied for Singapore IPO Listing
« Reply #15 on: August 21, 2011, 10:45:32 AM »
The Stadium is asset.
The fans, TV rights is the customers(turnover)
The Player is the Productive machinery.
The Performance is the SCORE.

How do financial banker defined INVESTMENT ROI?
DIVIDEND?

They fool around european bankers until they all flops, now they come asia to 'BEG??'

walau


Well, the joy of the footballing scene is there are alot of die hard MU fans
These are the people who will support the team no matter how badly they are doing
Who knows they'll launch a takeover bid to buy back MU from Glazer?

MUST BUY!!!!!!!!!!!!!!!!!!!!!!!!

Offline alvintan

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Re: Manchester United Applied for Singapore IPO Listing
« Reply #16 on: August 21, 2011, 12:57:53 PM »
Well, the joy of the footballing scene is there are alot of die hard MU fans
These are the people who will support the team no matter how badly they are doing
Who knows they'll launch a takeover bid to buy back MU from Glazer?

MUST BUY!!!!!!!!!!!!!!!!!!!!!!!!

I thought we should not buy a debt company ? :P

Offline upandowntrend

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Re: Manchester United Applied for Singapore IPO Listing
« Reply #17 on: August 22, 2011, 03:59:16 PM »
Manchester United picks CIMB as joint lead managers for IPO

KUALA LUMPUR: The owners of Manchester United have appointed Credit Suisse, J.P. Morgan and Morgan Stanley as bookrunners for the proposed listing on the Singapore stock exchange, Finance Asia reported.

It said on Monday, Aug 22 said the US-based Glazer family, who owns the football club, picked J.P. Morgan and Morgan Stanley as joint bookrunners for a planned initial public offering.

Finance Asia said the two US banks would work alongside Credit Suisse, which had earlier been given the role of global coordinator and will also act as a bookrunner.

It added the Glazers hired Hong Kong-based BOC International, Malaysia’s CIMB, Singapore’s DBS and pan-Asian investment bank CLSA as joint lead managers.

Finance Asia said in the fiscal year to June 2010, the club generated £286.4 million of revenues that came primarily from ticket sales, sponsorship and media/advertising sales. It is the growth of this brand that the owners will try to sell to investors.