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1.IPO results

This category contains 150 posts

5 Dec 2017 (AFR) – How Bell Potter trader Damien Rodr bid to drive up DirectMoney share price

[COMMENT: Now this is an interesting article for investors and traders, because it describes the possible underlying actions that some people might undertake to move share prices – compelling reading.] (5 December 2017, AFR, p13, by Misa Han) ‘Bell Potter trader Damien Rodr bid a fraction higher to drive up the share price of a … Continue reading

30 Nov 2017 (AFR) – AMA Group picks up ASG wreckage after $30m blow-up

(30 November 2017, AFR, p26, by Simon Evans) ‘It started with high hopes by raising $30 million and listing on the ASX last December, after acquiring eight different businesses in the booming 4WD and SUV parts and accessories industry. But less than a year later, Automotive Solutions Group (ASX:4WD) has put up the white flag. … Continue reading

21 Nov 2017 (TheAge,SMH) – Baby Bunting investors throw tantrum over downgrade

(21 November 2017, The Age, Business, p22, Patrick Hatch) ‘Investors in the baby goods retailer Baby Bunting (ASX:BBN*) have thrown a tantrum and pushed the stock below its listing price after the company slashed its profit guidance in light of heavy competitor discounting. Baby Bunting on Monday said it expected to report earnings before interest, … Continue reading

17 Nov 2017 (TheAge,SMH) -Strong listing: Domain’s ASX trading debut beats expectations with $2.2b valuation

(17 November 2017, The Age, p11, Elizabeth Knight) ‘The spin-out of digital real estate company Domain from parent Fairfax Media has surpassed expectations, immediately adding value to shareholders in both companies. Fairfax shares were trading at $1.06 earlier this week before adjusting for the Domain separation, which saw them fall around 30 per cent on … Continue reading

17 Nov 2017 (AFR) – Domain hits the ASX with a $2.2 billion valuation

(17 November 2017, AFR, p19, by Max Mason) ‘Smiling from ear-to-ear, the man known as The Cat rang the bell at the Australian Securities Exchange in Sydney at noon on Thursday and officially opened trade in shares of real estate classifieds and services business Domain. Describing the moment as “the most nerve-racking and exciting day … Continue reading

7 Nov 2017 (AFR) – McGrath earnings hit by apartment slowdown, jobs to go

(7 November 2017, AFR, p30, by Larry Schlesinger) ‘McGrath suffered one of its biggest share price falls on Monday after the beleaguered real estate agency issued a profit warning due mainly to a collapse in off-the-plan apartment sales in its key project marketing division and said it would make significant job cuts.’ Read more at … Continue reading

7 Nov 2017 (AFR) – McGrath is a sign of things to come for property and rates

(7 November 2017, AFR, p27, by Philip Baker) ‘Two years ago when McGrath, one of Australia’s largest real estate companies, listed on the ASX, there were a few jokes doing the rounds that surely it was a sign the property market bubble was about to burst. Why else would a real estate agent go public, … Continue reading

12 Oct 2017 (AFR) – Auto Solutions boardroom brawl gets ugly

(12 October 2017, AFR, p25, by Simon Evans) ‘An extraordinary boardroom stoush has erupted at ailing ASX firm Automotive Solutions Group (ASX:4WD), with two separate shareholder meetings requisitioned to remove different directors from warring factions feuding over the downward spiral of the company. The toxic atmosphere in the boardroom has spilled into the public domain … Continue reading

9 Oct 2017 (TheAge) – Freelancer: Australia’s fallen tech star?

(9 October 2017, The Age, BusinessDay, p18, John McDuling) ‘Before Atlassian became Australia’s undisputed innovation poster child, there was Freelancer. For a while – in the days before anyone really talked about the “gig economy” – the online outsourcing marketplace was considered the great hope of the nation’s tech industry.’ <snipped…> ‘Back in 2013, Freelancer listed … Continue reading

6 Oct 2017 (AFR) – Made-in-Italy assets behind IPO boom

(6 October 2017, AFR, p26, by Chiara Remondini and Tommaso Ebhardt) ‘Initial public offerings are booming in Milan as investor demand for Italian assets drive company listings to the highest level in at least a decade. Pirelli & Co’s return to the market on Wednesday makes it the 30th company to join the Italian Stock Exchange this year, … Continue reading

6 Oct 2017 (AFR) – Daigou retailer AuMake lists on ASX, shares triple

(6 October 2017, AFR, p25, by Jessica Sier) ‘The husband-and-wife team behind the nation’s first listed daigou business enjoyed a $9.6 million paper windfall on Thursday as shares in AuMake Australia nearly tripled on its ASX debut. AuMake, headed by Joshua Zhou and Lynn Zheng, raised $6 million from institutional and private investors to fund its growth strategy.’ ‘AuMake Australia has built a … Continue reading

2 Oct 2017 (TheAge) – Listings dry up in weakest IPO market listings since 2012

(2 October 2017, The Age, BusinessDay, p18, Clancy Yeates) ‘The market for new company listings in Australia is suffering its weakest period in half a decade, with investors taking a cautious view towards initial public offerings and several planned major floats being called off in favour of trade sales. The value of new initial public … Continue reading

13 Sept 2017 (AFR) – IPO: CropLogic mashed in rough ASX debut

(13 September 2017, AFR, p19, by Simon Evans) ‘Agricultural technology company CropLogic had a difficult start to life as an ASX-listed company on Tuesday but chief executive Jamie Cairns expects it will be a “reasonably temporary” blip. CropLogic uses a range of “internet of things” devices and equipment embedded in paddocks and fields to help … Continue reading

9 Aug 2017 (TheAge,MONEY) – IPO warning: more than half of floated companies are underwater a decade later

[COMMENT: The conclusion in this newspaper article is very similar to what I have reported previously on my Toolbox IPO web page, along with many share price charts to graphically show how an IPO stock performs over time.] (9 August 2017, The Age MONEY supplement, p2, Scott Phillips, The Motley Fool) ‘You’ve heard the hype. … Continue reading

26 July 2017 (AFR) – IPOs: Mining minnows and marijuana stocks dominate IPOs

[COMMENT: I never encourage participation in IPOs of any sort, based on personal experience many years ago, and observations since then – see more details here. But this news story might be of interest to keen investors and traders.] (26 July 2017, AFR, p22, by James Frost) ‘Mining minnows and medical marijuana stocks have been … Continue reading

19 July 2017 (TheAge) – Wellard shares hammered as weak Asian demand hits cattle exports

[COMMENT: Any reasonable trader/investor who likes to protect their capital would surely have had a Stop Loss exit ready for this stock (in fact all stocks), and actually exercised it. Since listing in December 2015, the share price has seen a continual downtrend (and we know from Dow Theory that a confirmed trend is likely … Continue reading

14 June 2017 (AFR) – Baby Bunting shares crunched by fear of Amazon

[COMMENT: Most technical analysts who might have been holding this stock in late 2016, would have spotted the downtrend in late 2016, which continued into 2017, and they most likely sold their position to lock in profits and preserve their capital. See the chart below.] (14 June 2017, AFR, p19, by Simon Evans) ‘In just … Continue reading

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 … Continue reading

8 June 2017 (AFR) – ELMO to make $108m tech debut on ASX

(8 June 2017, AFR, p26, by Misa Han) ‘This year’s biggest technology IPO to date is not a start-up, but a 15-year-old software company that has ruled out being the next Atlassian any time soon. As revealed by Street Talk in May, cloud human resources software company ELMO [ASX:ELO] will be listing on the ASX to raise $25 … Continue reading

7 June 2017 (TheAge) – Dairy stocks take plunge on trading outlook – Murray Goulburn flags deeper cuts to ensure viability

(7 June 2017, The Age, BusinessDay, p23, Darren Gray) ‘Shares in Australia’s biggest dairy processor Murray Goulburn plummeted by 14.5 per cent to 73.5¢ on Tuesday, hitting all-time lows. The stock opened at 85¢ on Tuesday and went downhill fast, closing at a level that is barely half of what it was trading at last … Continue reading

30 May 2017 (AFR) – Godfreys reveals profit downgrade and refinance by 98-year-old

(30 May 2017, AFR, p18, by Simon Evans) ‘Vacuum cleaner retailer Godfreys has downgraded its profit outlook after tough trading conditions and its 98-year-old major shareholder has provided a new $30 million loan at better terms than one which had been in place from the Commonwealth Bank of Australia. The company’s shares are now trading … Continue reading

24 May 2017 (TheAge) – SurfStitch faces $100m class action over share wipeout

(24 May 2017, The Age, BusinessDay, p22, Patrick Hatch) ‘Online fashion retailer SurfStitch is facing a $100 million class action launched on behalf of shareholders whose investments have been wiped out by the troubled company’s plunging share price. ‘ <snipped…> ‘SurfStitch listed at $1 in late 2014 and was trading at a record high of … Continue reading

18 May 2017 (AFR) – Amazon claims first scalp as Wesfarmers dumps Officeworks float

(18 May 2017, AFR, p15, by Sue Mitchell) ‘Online retail juggernaut Amazon has claimed its first scalp – the $1.5 billion float of office products chain Officeworks – before even setting up shop in Australia. Wesfarmers abandoned plans for an initial public offering of Officeworks on Wednesday after fund managers made it clear they were … Continue reading

17 May 2017 (AFR) – Lunch with 2017 Rich List: The dinner behind Costa Group’s successful ASX float

(17 May 2017, AFR, p8, by John Stensholt) ‘Frank Costa’s Costa Group (ASX:CGC) has been a rare success: a successful ASX listing involving private equity. The fruit and vegetable company, which Costa and Paine Schwartz Partners floated in July 2015, has been trading close to its April record high and its success has given Financial … Continue reading

16 May 2017 (AFR) – Guvera debacle is a wake-up call for Australian start-ups

(16 May 2017, AFR, p22, by John McDuling) ‘One of the sorriest episodes in the recent wave of start-up mania in Australia is drawing to its conclusion. And there is much to be learned from it. Late on Friday, in a classic case of taking out the trash when you think nobody’s looking, Gold Cost … Continue reading

4 May 2017 (AFR) – Bingo shares list on the ASX at a small premium

(4 May 2017, AFR, p17, by Simon Evans) ‘The chief executive of Bingo Industries, Daniel Tartak, says the fact his own personal holding is worth around $105 million on paper after listing on the ASX on Wednesday won’t change him one bit. “It doesn’t change things. I’m still relatively young and I’ve got a long … Continue reading

1 Apr 2017 (AFR) – Seven IPOs worth a second look

[COMMENT: This is a news story about IPO results in recent years and implies that investing in an IPO might be profitable. However, as everyone knows, it pays to be careful, do due diligence, and weigh up all the facts, and seek the advice of a properly trained and qualified investment professional before making an … Continue reading

30 Mar 2017 (AFR) – How the Rich Invest: Fruit, vegetables and property boost Frank Costa’s wealth

(30 March 2017, AFR, p25, by John Stensholt) The Australian Financial Review looks at how the wealthy are making money for our column: How the rich invest. ‘Frank Costa has played an integral role in a rare event on the ASX: a successful float involving private equity. His fruit and vegetable giant, Costa Group, which … Continue reading

23 Mar 2017 (AFR) – Fat Prophets (ASX:FPC) edges up on thin volumes

(23 March 2017, AFR, p17, by James Frost) ‘The listed investment company established by stock pickers at Fat Prophets got off to an encouraging start on low volumes after making its ASX debut on Wednesday morning. After opening at 11am, the Fat Prophets Global Contrarian Fund made its debut with a cross trade at $1.50 … Continue reading

13 Mar 2017 (AFR) – Commodity price revival lifts mining IPO prospects

(13 March 2017, AFR, p15, by Tess Ingram) ‘More mining and exploration companies could list on the ASX in the first quarter of 2017 than in the whole of 2016 as commodity price stability encourages investors to revisit more speculative stocks. So far this year the ASX has hosted eight materials initial public offerings. Another eight … Continue reading