UPDATE: TransCab IPO - cancelled!

• Ct2220

  20 Oct 14, 12:23

  Trans-cab Services Pte, Singapore’s second-biggest taxi operator, is preparing an initial public offering in the city that could raise at least S$100 million ($79 million), people with knowledge of the matter said.

  
  

  The company plans to sell shares by the end of the year, the people said, asking not to be identified as the process is private. Proceeds from the offering, which will consist mostly of new shares, will be partly used to boost Trans-cab’s fleet and construct a new head office, according to the people.

  
  

  Trans-cab had 4,650 taxis at the end of August, trailing only ComfortDelGro Corp. (CD)’s 12,557 vehicles in Singapore, according data from the Land Transport Authority. The company, headed by Managing Director Teo Kiang Ang, was set up in 2003 when the government opened up the industry, its website shows.

  
  

  Shares of ComfortDelGro have risen 23 percent in Singapore trading this year, trailing the 31 percent jump in the benchmark Straits Times Index. SMRT Corp., which operates taxis in addition to the city’s subway system, has risen 31 percent.

  
  

  Teo and Trans-cab General Manager Jasmine Tan didn’t immediately respond to e-mails seeking comment.

   

  （新加�彭�电）�消�人士�露，新加�第二大的徳士��公�得�德士�务（Trans-cab Services）正在筹备首次公开售股，预计筹集至少1亿元。

   

  消�人士表示，该公�预计在年底之��售新股，而筹获的资金将用�扩大得�德士

  �务公�的车队，以�建造新的总部。

   

  �陆路交通管�局的数�，得�德士�务公�截至今年8月拥有4650辆德士，仅次于康�德高（ComfortDelGro）的1万2557辆。公�网站的资料显示，得�德士�务公�是于2003年政府开放德士领域时�立的。

   

  康�德高的股价今年起了23％，��新加�海峡时报指数上涨的31％。SMRT�业则起了31％；这家公�除了��本地的地�系统，也从事德士业务。

   

  

• Sotongking73

  20 Oct 14, 12:58

  Wah Lao a, Like that I joined since April only cannot buy loh, wtf........

• bowah

  20 Oct 14, 13:22

  Buy also not guarantee earn mah, scarli first day up only drop 30%...siao liao, but drivers have the priorty before public, moreover, for taxi driver like me, where got money go buy, $30net per day only..
• universal bob

  21 Oct 14, 04:12

  already bad reputation...better think twice b4 parting wif yr heard earned $$$.

  buy @ yr own risk.

   

• Ct2220

  21 Oct 14, 06:12

  Originally posted by universal bob:

  already bad reputation...better think twice b4 parting wif yr heard earned $$$.

  buy @ yr own risk.

   

  哈�哈�哈�

  兄弟，看你写的这么幼稚，就大概能看清你对股市的了解。。。。有多少。

  ������你能拿到几粒红花会的开门红，�哥全�了�

  IPO�是这么简得，兄弟�

  你知�得�上市的主�银行是那家�？

  你认识红�股是神马背景�？

  你以为就凭一个工业气体供应商的��就有本事开家德士公��跟CDG与SMRT斗�？

  你知�红�股的��是那个财团�？

  你知�这次IPO的主推手是那些王八蛋�？

  俺等这一天，等了好久了�

  TMD若�是那�山108�好汉，把整个红花会�进纪检委，早就上了。

• Ct2220

  21 Oct 14, 06:15

  

• wsy1234

  21 Oct 14, 07:54

  if i am you all i will buy and don't sell. and you will be the share owner of the company. transport business and gas business is very good business in singapore. if possible try to own 10000 share. i wonder the company is ISOed? and maybe after the share on market this lady in charge ms jasmine might be chief operating director and you might not see her directly. maybe one or two new manager will be recruited. and hopefully that run down office will be get renovated while waiting for the new office to bulid. 

• bowah

  21 Oct 14, 11:39

  IPO is more of a change from private own to public own, it will generate funds initially to be manage by certain underwriter, mostly banks or some financial insitutions, what happy after the IPO is that those bosses inside TC will become Shareholders and also a wage earner with title of CEO, MD and directorship. The lost and profit will be in the public domain, the shareholders. So people like teo, and other TC big shots now can relax, sit back and see the money flow in, and even if TC is not doing well, it is no more their lost but the shareholder lost, but with the estimate of 100 millions IPO, TC can be buying or venturing into other transportation business. CDG is a global corporation, or in short, a MNC from Singapore, just by doing business in Singapore alone, it is not going to earn them much, as it will get saturated without much room to move, and in business, if you dun move, you are dead, because changes is inevitable in business, like our life, we can escape from changes unless you are dead or till the day i send you up Marymount or mandai
• wsy1234

  21 Oct 14, 14:03

  the managment will also lost big if the company not progressive. TC is SMC but with a good CEO and management it should be a good company to invest in. but if it keep on like now only ms jasmine running the show then too bad. i wonder what happen to her position when TC go IPO? promote to CEO? I think the best it to get ISO before IPO. 

• hammerhammer8888

  21 Oct 14, 14:21

  I just change car this year so means cannot liao? Cos the service length reset liao. KNN

• Ct2220

  21 Oct 14, 14:40

  Originally posted by wsy1234:

  the managment will also lost big if the company not progressive. TC is SMC but with a good CEO and management it should be a good company to invest in. but if it keep on like now only ms jasmine running the show then too bad. i wonder what happen to her position when TC go IPO? promote to CEO? I think the best it to get ISO before IPO. 

  
  

  兄弟壹贰�肆，得�表�上（对外）是我家阿花在当家。

  但�场，总归是�场，肥水��外人田，
  整个得è¿�的真正总舵主还是红å±�股的原é…�，一切$$$等的é‡�è¦�事项都还是“张夫人”在把关。

  所以，之�的�山108�怒汉与红花会大闹纪检委一事，其实阿花�是XXXX而已。

  你以为咱们那些在S159047（纪检委）兄弟是白养的，阿花�是有问题早就进去�黑豆饭了。

  至于红花会的是HQ�，应该是在AMK一带。

  至于那些神马O的�，很快大家就会知�。

  ��好，咱们的阿�（Simon）也会从CDG跳槽过去TC哦�

  所以那些从�山毕业而飞渡到红花会的兄弟们，�能很快的���到�朋�了�

  http://www.youtube.com/watch?v=f_NRIBBcVN4

• Ct2220

  21 Oct 14, 14:47

  Originally posted by hammerhammer8888:

  I just change car this year so means cannot liao? Cos the service length reset liao. KNN

  大师兄，怎么你这么糊涂，当时没跟阿花讲清楚，
  许多TW的�阿哥转雷骆时都先跟阿花先�人���，�车��册，Seniority照旧算下去。

  没事，阿花最近的心情特别好，，你赶紧和Jackpot去找她谈谈，应该�以xxxxxx。

• Ct2220

  21 Oct 14, 15:10

  

• hammerhammer8888

  21 Oct 14, 21:04

  KNN cashless also implement until di di siao siao still do SMLJ IPO. He need IPO money to buy cashless machine sibo....Lol

• hammerhammer8888

  21 Oct 14, 21:05

  Hearsay from some lao jiao the new HQ is the former UTAC opposite Kenwood.

• Taxilim88

  22 Oct 14, 00:14

  Why is everyone so excited about IPO arh? Why not go buy Comfort shares?

  Think about their business model lah...How to grow top and bottom lines in taxi business? Taxi market size is limited.

  In Singapore, you must consistently meet all the LTA KPIs before they allow you to expand your fleet.  So all the red gangsters no more lim kopi at coffee shop or suka suka dun want to pick or suka suka keep for the day.  You guys will have to work much harder and meet all the KPIs.  Two mistakes and you are out.  No more like family. Run like a corporation.  Look at Comfort.

  Expand into overseas taxi market? Overseas taxi market also controlled by their government.  Unless you acquire the existing taxi companies or JV, you are not going to be able to penetrate the market.  For that, you need $1B, not $100 M.

  If Mr Ang has his way, I dun think he wants to IPO..he has to work much harder, answer to SGX, shareholders, public and investors.  He no longer has full control over what he wants to do in the Company. Even his salary, everybody will know. Everything must be transparent to the public and SGX. But, he loves challenges, so it is up to him.

  Rich? On paper only.  Even if his share price go up, he can never sell his shares to realise his profits.

  Anyway, I could be wrong. So let's hear out their business plans first. 

  Lai lai, let's bet the first trading day's closing share price.  $0.18, anyone?

• Ct2220

  22 Oct 14, 00:58

   

   

• Redxx

  22 Oct 14, 02:53

  Originally posted by hammerhammer8888:

  I just change car this year so means cannot liao? Cos the service length reset liao. KN

  Wan to change again bo.....

• hammerhammer8888

  22 Oct 14, 05:44

  Originally posted by Redxx:

  Wan to change again bo.....

  Got simi car for me to change? Hearsay next year you guys changing new Mercs? Wu extra please let me know hor.

• Ct2220

  22 Oct 14, 07:28

  Originally posted by hammerhammer8888:

  Got simi car for me to change? Hearsay next year you guys changing new Mercs? Wu extra please let me know hor.

  大师兄，For you outlook.

  Better take this .

  LV16 and LV81 Both now driving black La.

• hammerhammer8888

  22 Oct 14, 12:48

  I want new car lah. Blackie lousy car lah. 

• Ct2220

  22 Oct 14, 13:35

  Originally posted by hammerhammer8888:

  I want new car lah. Blackie lousy car lah. 

  Hearsay, SMRT just order another 60 new Black La.

• hammerhammer8888

  22 Oct 14, 14:59

  Mai lah jin jiak you lah....Black look like hearse car. Dun like.

• SBS5010P

  22 Oct 14, 17:06

  knn transcab the reputation alr smelly liao buy the shares 等死 nia 

  The def lan depot so lousily maintained still wan 上市

  Also most of the young drivers not so active on the roads also

• Atohuat

  23 Oct 14, 05:55

  Ipo what price ah... End of yr... so fast sia.