Actual IPOs

IPO is the Initial Public Offering of shares concerning a company that decides to be traded in a Stock Exchange.

This operation allows the company to get quickly the money to finance its activities.

At this moment there are 11 companies that looks for shareholders in WSE market to finance their business.

Further, we present the analysis of the Companies, ordered by capitalization/asset. As the asset consists in a in cash and holdings, a low rate means that the partners shares in the society real stuffs and not only words!

Rating:
SN: Strongly Negative
N: Negative
M: Mediocre
S: Sufficient
G: Good


Company: Silvano Gaming Corporation (SGC)
Asks 2,5 million L$.
At the end of the IPO, will capitalize 5 million L$.

Cash on Hand: L$15,000.00
Land Owned: 1,024m2
Land Value: L$12.00/m2
Net Tangible Assets: L$27,288.00

Monthly Income: L$5,000.00
Monthly Expenses: L$0.00

Capitalizazion/Assets: 183 (SN)
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Company: Builders Paradise (BPA)
Asks 5 million L$.
At the end of the IPO, will capitalize 30 million L$.

Cash on Hand: L$10,000.00
Land Owned: 8,192m2
Land Value: L$20.00/m2
Net Tangible Assets: L$173,840.00

Monthly Income: L$30,000.00
Monthly Expenses: L$6,000.00

Capitalizazion/Assets: 172 (SN)
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Company: Padgett Gadgets (PGI)
Asks 3 million L$.
At the end of the IPO, will capitalize 15 million L$.

Cash on Hand: L$116,516.00
Land Owned: 0m2
Land Value: L$0.00/m2
Net Tangible Assets: L$116,516.00

Monthly Income: L$190,872.00
Monthly Expenses: L$0.00

Capitalizazion/Assets: 128 (SN)
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Company: Karlfeldt & Delgado Mutual (KDM)
Asks 10 million L$.
At the end of the IPO, will capitalize 20 million L$.

Cash on Hand: L$252,902.00
Land Owned: 18,408m2
Land Value: L$10.00/m2
Net Tangible Assets: L$436,982.00

Monthly Income: L$497,021.00
Monthly Expenses: L$32,981.00

Capitalizazion/Assets: 45.7 (N)
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Company: Logo Coding (LGO)
Asks 500,000 L$.
At the end of the IPO, will capitalize 2 million L$.

Cash on Hand: L$50,000.00
Land Owned: 512m2
Land Value: L$9,000.00/m2 (it will be an error: L$ 9,000/m2, probably L$ 9/m2)
Net Tangible Assets: L$4,658,000.00 (correct: L$54.608)

Monthly Income: L$75,000.00
Monthly Expenses: L$0.00

Capitalizazion/Assets: 36 (N)
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Company: XD Trading (XDT)
Asks 1 million L$.
At the end of the IPO, will capitalize 10 million L$.

Cash on Hand: L$23,000.00
Land Owned: 22,640m2
Land Value: L$20.00/m2
Net Tangible Assets: L$475,800.00

Monthly Income: L$242,000.00
Monthly Expenses: L$198,400.00

Capitalizazion/Assets: 21 (N)
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Company: Brautigan & Tuck Holdings (BNT)
Asks 40 million L$.
At the end of the IPO, will capitalize 140 million L$.

Cash on Hand: L$1,600,000.00
Land Owned: 845,000m2
Land Value: L$17.00/m2
Net Tangible Assets: L$15,965,000.00

Monthly Income: L$3,500,000.00
Monthly Expenses: L$1,000,000.00

Capitalizazion/Assets: 8.7 (M)
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Company: Sarah Nerd Estates and Mainland Holdings (SNE)
Asks 4 million L$.
At the end of the IPO, will capitalize 40 million L$.

Cash on Hand: L$1,500,000.00
Land Owned: 393,216m2
Land Value: L$11.00/m2
Net Tangible Assets: L$5,825,376.00

Monthly Income: L$750,000.00
Monthly Expenses: L$375,000.00

Capitalizazion/Assets: 6.86 (M)
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Company: Atlantis Land Corporation (ALC)
Asks 5 million L$.
At the end of the IPO, will capitalize 20 million L$.

Cash on Hand: L$100,000.00
Land Owned: 372,680m2
Land Value: L$15.00/m2
Net Tangible Assets: L$5,690,200.00

Monthly Income: L$538,000.00
Monthly Expenses: L$398,000.00

Capitalizazion/Assets: 3.51 (S)
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Company: Cooperative Investment Group (CIG)
Asks 500,000 L$.
At the end of the IPO, will capitalize 1 million L$.

Cash on Hand: L$1.00
Land Owned: 20,640m2
Land Value: L$19.00/m2
Net Tangible Assets: L$392,161.00

Monthly Income: L$606,372.00
Monthly Expenses: L$54,257.00

Capitalizazion/Assets: 2.54 (B)
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Company: SL Investors Fund (SLI)
it's a fund that invests in WSE, so we need anther kind of evaluation; we'll do it in another post.

Conclusion:

There are too much companies that ask for L$ without having enough cash, or that have money but evaluate their company 1000% the real value.

Rating "100" means that company correspond to "1" real value!!!!!!! and "99" Know How!!! We're in SL, so Know-How doesn't matter too much!

Pasha Boucher
Translation by Mr McCoy Ducatillon