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1.IPO results

10 June 2017 (AFR) – IPO: MotorCycle Holdings revs past car floats

[COMMENT (from a Technical Analyst): This news story certainly seems to be a good one for IPOs. but look at the price chart. After running nicely from June 2016 to a peak in Oct/Nov, the share price fell away, then trended higher again to a new peak in March 2017. But since then, the share price has trended lower, and made a new multi-month low in late May. The rally in the last couple of weeks might be sustained, or the downtrend from the peak in March might prevail. Technical analysts who are still invested in this will watch carefully for price weakness.]

(10 June 2017, AFR, p26, by Simon Evans)

ASX-MTO IPO performance‘A company which runs 27 motorcycle dealerships on the eastern seaboard of Australia has proved that two wheels are better than four when it comes to investment returns in the past year on the Australian Securities Exchange. Shares in MotorCycle Holdings (ASX:MTO) are up more than 85 per cent on the company’s $2 issue price in last year’s float.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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