You are viewing:-
archives

IPO performance

This tag is associated with 44 posts

11 March 2019 (AFR) – IPOs: Super funds wasting money paying brokers for access to IPOs, data shows

(11 March 2019, AFR, p21, Jonathan Shapiro and Jemima Whyte) ‘Australian fund managers are wasting their investors’ money by paying brokers for access to IPOs, with new global research suggesting the cost of getting in early on hot floats is barely worth it. Global investment advisory firm Parametrics has sought to debunk the myth that … Continue reading

5 March 2019 (AFR) – IPO: Why investors think ASX fintech stock Credible is undervalued

(5 March 2019, AFR, p20, Yolanda Redrup) ‘Bullish long-standing investors in ASX-listed US loans marketplace Credible Labs have been vindicated in their insistence that it had been one of the most undervalued stocks on the local boards, after its shares followed a 12.5 per cent rise on Friday with an even bigger 17 per cent … Continue reading

26 Feb 2019 (TheAge) – Appen rockets on ‘mega trend’ of artificial intelligence

(26 February 2019, The Age, Business, p27, by Cara Waters and Lucy Battersby) ‘Shares in the search and language dataset company Appen rocketed on Monday on the back of its full-year results driven by the “mega trend” of artificial intelligence. Appen’s revenue increased 120 per cent to $364 million and underlying post-tax profit increased 148 per … Continue reading

26 Feb 2019 (TheAge) – Former AFL player loses $160m as GetSwift sinks on legal action

(26 February 2019, The Age, Business, p27, by Colin Kruger) ‘GetSwift shares tested record lows as the market reacted to Friday’s late news that the company and two of its executives, Bane Hunter and former Melbourne Football Club player Joel Macdonald, had been sued by the corporate regulator. GetSwift said it would vigorously defend itself against … Continue reading

19 Feb 2019 (AFR) – Bingo downgrades profit 20pc due to apartment building slowdown

(19 February 2019, AFR, p15, by Simon Evans) ‘Investor confidence in waste management group Bingo Industries has been shredded after the company cut its profit forecasts by up to 20 per cent just three months after re-assuring investors at its annual meeting that a downturn in construction wouldn’t hurt its outlook. Bingo shares tumbled by … Continue reading

31 Dec 2018 (TheAge) – IPO: The good, the bad and the ugly: How new ASX stocks performed in 2018

[COMMENT: Since I did some research a few years ago, I am convinced that the average retail investor should NOT participate in an IPO (see more details here). The research that is described in the news article below simply confirms this, with some further facts. Please read it for yourself.] (31 December 2018, The Age, … Continue reading

10 Dec 2018 (AFR) – IPOs: Year of shame – Equity capital raisings on ice after disastrous 2018

[COMMENT: I cannot help but comment on this really good news article. Some time ago I wondered about the usefulness for retail investors of participating in IPOs, so I did some research. My conclusion was that they are too dangerous, and my notes and other IPO performances are available here (which I need to update … Continue reading

9 July 2018 (AFR) – IPO performance: Bulls & Bears: Bingo Industries

(9 July 2018, AFR, p21, by Jemima Whyte) ‘The Dial-a-Dump founder and owner of the country’s largest private waste management business is branching into the superyacht business. But the ASX’s newest waste management entrant, Bingo Industries, is sticking to its core strategy: building a national network to collect, sort and dispose rubbish. But in doing … Continue reading

23 June 2018 (AFR) – IPO performance: 99-year-old John Johnston to end Godfreys’ ASX nightmare

[COMMENT: I can’t help but comment that any astute investor in this stock would have seen the writing on the wall many months ago, and ought to ahve quit their position. Sadly, many investors get emotionally attached to stocks, and can’t let go, and many hold on to a belief in the stock – a … Continue reading

19 May 2018 (AFR) – IPOS and Tech unicorns: will they keep soaring or are valuations fantasy?

(19 May 2018, AFR, p30, by Tony Featherstone) ‘The rise of billion-dollar software stocks is forcing investors to decide if a new generation of tech unicorns will keep soaring or if their valuations are fantasy. The tech-listings boom is spawning stars. There are 17 tech unicorns – an industry term used to describe tech companies … Continue reading

15 May 2018 (AFR) – IPO: Evans Dixon shares gain on ASX debut

(15 May 2018, AFR, p18, by Jonathan Shapiro) ‘Shares in wealth manager Evans Dixon made a solid debut on the Australian stock exchange, with investors pushing the stock up 8.4 per cent to close at $2.71. The shares listed at $2.50 per share, and traded as high as $2.80 on light trading volumes. Around 50,000 … Continue reading

11 May 2018 (AFR) – Godfreys hoists white flag on John Johnston takeover bid, downgrades profit

(11 May 2018, AFR, p27, by Simon Evans) ‘Ailing retailer Godfreys has warned of an alarming 27 per cent tumble in sales in the past two weeks as it revealed a hefty profit downgrade of at least 30 per cent after a disastrous switch in its television advertising approach away from discount sales. The vacuum … Continue reading

20 Feb 2018 (AFR) – GetSwift plummets 55pc on reinstatement to ASX

(20 February 2018, AFR, p1, p13, by Michael Bailey) ‘GetSwift shares plummeted 55 per cent on Monday after the logistics software maker told the market that less than half its announced contracts had progressed to a revenue generating stage. After last trading at $2.92, before their suspension on January 22, GetSwift’s shares closed on Monday … Continue reading

2 Dec 2017 (AFR) – Godfreys in fresh turmoil even before Amazon – Godfreys sucks it up as shares hit record low

[COMMENT: It is very unfortunate for any investors still stuck holding this stock, who might have “believed in the company…”. But the real truth is that astute investors and traders would have watched the chart from week to week, and noticed when it fell below its IPO price (of $2.75 on 10th December 2014). This … 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

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

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

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

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

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

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

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

7 Feb 2017 (AFR) – Tech IPOs best performers on the ASX in 2016

(7 February 2017, AFR, p23, by Yolanda Redrup) ‘Tech stocks that listed on the ASX in 2016 have comfortably outshone their counterparts from other sectors, with stronger returns for shareholders in their first year of public life. A new report from OnMarket BookBuilds, a platform that gives retail investors access to initial public offerings, found … Continue reading

24 Jan 2017 (AFR) – Apollo motorhomes taps into Trump’s pro-growth drive

(24 January 2017, AFR, p20, by Simon Evans) ‘Apollo Tourism and Leisure’s chief executive says the motorhome industry is excited about the election of Donald Trump as US President. The company has a fleet of 600 motorhomes in the United States and chief executive Luke Trouchet says the entire industry is happily anticipating the prospect … Continue reading

23 Jan 2017 (TheAge) – Investors ‘be wary’ over recent listings

(23 January 2017, TheAge, BusinessDay, p21, Simone Ziaziaris) ‘An influential fund manager is warning investors to be wary of recently listed companies when it comes to stock picking. Investment management firm Allan Gray Australia says companies that floated in the last three years disappointed in 2016, with none securing a spot in the 10 best … Continue reading

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 … Continue reading

Advertisements