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1.IPO results

24 Dec 2016 (TheAge) – Shaver Shop shares dive on pre-Christmas profit warning – Latest IPO dud

(24 December 2016, The Age, BusinessDay, p3, Brian Robins)

‘Shaver Shop has emerged as the latest dud sharemarket float of 2016, warning investors that weak pre-Christmas sales will leave earnings short of the forecast included in its prospectus which was issued mid-year. On Friday, its shares slumped 14.7 per cent to 70¢, ending down by a third from its issue price of $1.05. The shares hit a post-listing high of $1.22 in August and have been very weak in recent weeks.’



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