Bangkok Airways to raise IPO shares

[webfact]

Bangkok Airways to raise IPO shares

BANGKOK, 7 October 2014 (NNT) -Bangkok Airways PLC has planned to sell a 24.8 percent stake in an initial public offering (IPO).

Mr. Puttipong Prasarttong-Osoth, the president of Bangkok Airways Public Company Limited stated that Thailand's IPO market had gone through a lull since last year, due to political turmoil within the country.

The situation in Thailand is currently on a recovering process. The country's stability has revived its economy, brought back tourists and investor's confidence as well as boosted local equity market.

Thai full-service carrier Bangkok Airways PLC is going to sell 24.8 percent stake in an initial public offering (IPO) . The airline is aimed at raising approximately 11,960 to 14,040 million baht, which will be the largest listing in Stock Exchange of Thailand in 2014.

The proceed will be spent on expanding its fleet, buying engines and spare parts and renovating aircraft hangers at Suvarnabhumi and Samui international airports as a preparation to service tourists during high season and ASEAN integration in 2015.

So far, Bangkok Airways has increased flights and routes to provide enough service for tourists, and has escalated the quality of services.

The subscription period for retail investors has been scheduled during October 14-17, at price range of 23-27 baht per share.

-- NNT 2014-10-07

[Bob12345]

"The proceed will be spent on expanding its fleet, buying engines and spare parts and renovating aircraft hangers at Suvarnabhumi and Samui international airports as a preparation to service tourists during high season and ASEAN integration in 2015."

This sounds a bit worrisome to. Does that mean they don't have enough money for that without the IPO?

[baneko]

Drop their prices to samui and they will be fine. I dont need food on a 45 minute flight.

[kamahele]

"The proceed will be spent on expanding its fleet, buying engines and spare parts and renovating aircraft hangers at Suvarnabhumi and Samui international airports as a preparation to service tourists during high season and ASEAN integration in 2015."

This sounds a bit worrisome to. Does that mean they don't have enough money for that without the IPO?

I don't know their financial situation but being able to pay cash instead of taking on debt could be a reason for the IPO, also it might also help to enrich the current owner

[khunPer]

Do anybody know how to buy some of these IPO shares...?

[sambum]

Drop their prices to samui and they will be fine. I dont need food on a 45 minute flight.

Total rip off prices to Samui

[mutha289]

"The proceed will be spent on expanding its fleet, buying engines and spare parts and renovating aircraft hangers at Suvarnabhumi and Samui international airports as a preparation to service tourists during high season and ASEAN integration in 2015."

This sounds a bit worrisome to. Does that mean they don't have enough money for that without the IPO?

I've worked for three airlines over the last 15 years and there has never been a truer statement than "If you want to make a small fortune in the airline industry start out with a large one!"

[needforspeed]

Do anybody know how to buy some of these IPO shares...?

Information at TISCO securities.

(trade)

[Rooo]

"The proceed will be spent on expanding its fleet, buying engines and spare parts and renovating aircraft hangers at Suvarnabhumi and Samui international airports as a preparation to service tourists during high season and ASEAN integration in 2015."

This sounds a bit worrisome to. Does that mean they don't have enough money for that without the IPO?

I've worked for three airlines over the last 15 years and there has never been a truer statement than "If you want to make a small fortune in the airline industry start out with a large one!"

I would suggest you do some research about BKK Air, not my favorite, but a success story. Check on the list of the richest people in Thailand.