Old Town White Coffe - Apply or Not to Apply?

Old town, incorporated in 1999 successfully commercialized their instant 3 in 1 coffee mix under the OLDTOWN Brand name in the same year. A year later, they already in Singapore market with the same product. 4 years later, in 2005, Old Town successfully penetrated USA, UK,  Taiwan as well as Indonesia.

First OLDTOWN WHITE COFFEE café outlet was open in Ipoh back in 2005. To date, Old Town outlets already reach 182 café outlets not only in Malaysia, but also Singapore & Indonesia wither partially, fully owned as well as franchised.

Based on enlarged issued and paid-up share capital of 330 million shares upon listing, PE for Year 2010 stood at 12.9 times with net EPS at 9.6 sen per share.

Old Town had declared the Dividend Policy of minimum 50% of the Group annual profit. Based on Year 2010 net profit at RM 31.9 million, the dividend is around 4.8 sen per share which translated into 3.8% dividend yield based on IPO price of RM 1.25.

The offered shares details as below :

Public Issue        :

·         Malaysia Public - 10 million shares

·         Directors & employees – 5 million shares

·         Identified Investors – 48.4 million shares

Below are summary on the IPO :

Financial Year Summary

Note: Old Town White Coffee is my housemate's favourite! :D