I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Tuesday 16 July 2013

KrisEnergy IPO sees hot demand internationally

Placement close to 6 times oversubscribed by institutional investors
 
DESPITE being priced at the top of its range, independent oil and gas company KrisEnergy is shaping out to be a hot offering.

Its international placement of 132.1 million shares is close to six times oversubscribed by institutional investors, said director of business development Richard Lorentz at a media briefing yesterday after he returned from a nine-day roadshow around the world.

Mr Lorentz, a geologist with more than 30 years of industry experience, is one of the three founders of former Singapore Exchange (SGX) listed Pearl Energy that are now behind KrisEnergy.

Pearl Energy had debuted at 70 cents a share in 2005 and was taken private not long after.

KrisEnergy currently owns oil and gas assets in Cambodia, Thailand, Vietnam and Indonesia.



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