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IPO's, UPCOMING FLOATS
nipper
post Posted: May 14 2021, 11:47 AM
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Street Talk understands Boundary Bend, which is Australia's biggest olive grower and extra virgin olive oil producer, has hired stockbrokers Bell Potter, Ord Minnett and Morgans to oversee an initial public offering likely to value it at more than $500 million.

Sources said the company and its advisers, which also include law firm DLA Piper, were aiming for a deal in the second half of this year. Early discussions indicated they would seek to raise $100 million to $150 million for the IPO.

Established in 1998, Boundary Bend's flagship brands are the well-known Cobram Estate and Red Island olive oils. Boundary Bend also has a wellness arm, Wellgrove, which sells olive-related health products, and an olive research and testing business, Modern Olives.

.... I notice Cobram Estate is hard to find on the supermarket shelves. Used to be $15 a bottle, now $18. Any discounted specials only sees a drop of 20% not the 1/2 price offers that the Spanish and Italian agribusiness producers let their commoditised oil go for.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
mme
post Posted: May 2 2021, 07:12 AM
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In Reply To: nipper's post @ Apr 30 2021, 04:46 PM

Better one to get onto IMO if and when it lists is Nico Labs. Watching the IPO space for it to list. biggrin.gif

 
triage
post Posted: Apr 30 2021, 10:30 PM
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In Reply To: nipper's post @ Apr 30 2021, 04:46 PM

I haven't played in the main pool for yonks - earnings? what are earnings? - but those levels of PE suggest that the company is about to roll out a killer competitor for Facebook or Amazon don't they? Somehow they are making what is effectively a utility sexy it would appear ...



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"The market can stay irrational longer than you can stay solvent." John Maynard Keynes

"The crisis takes a much longer time coming than you think, and then it happens much faster than you would have thought." Rudiger Dornbush

Mozart fixes everything and Messi is a dog
 
nipper
post Posted: Apr 30 2021, 04:46 PM
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QUOTE
Mental health and private rehabilitation provider Aurora Healthcare has put a $400 million initial public offering to a small group of institutional investors, and is calling for bids on Friday.

It is understood Aurora and its brokers have taken a handful of potential cornerstone investors through due diligence in the past week or so, seeking to lock in their early support and shore up the listing.

Investor sources said the cornerstone price range was 19.7 times to 21.7 times forward earnings, on a price to earnings basis, or $2 to $2.40 a share, in a deal that would value the group at $800 million to $880 million.

Potential investors were told the first $320 million or so would be used to pay down debt inside Aurora Health Care, which is to be spun out of the country's No.3 private hospitals group Healthe Care, while the other $80 million would go to Healthe Care owner Luye Group. Luye would own 30 per cent to 35 per cent on listing.
i don't think so; good way to lose money



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Apr 21 2021, 12:42 PM
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Bank of America and Goldman Sachs have sent terms to fund managers on Wednesday morning, and said they would be back with an institutional bookbuild to sell shares and lock in the listing on Tuesday 27 April. Australian Clinical Labs would seek to raise $408.6 million at $4.00 a share. The price represented 15 times forecast profit for the 2021 calendar year, 9.9 times EBITDA on an AASB 117 basis and implied a 3.4 per cent dividend yield.

Funds raised would go towards Australian Clinical Labs' selling shareholders, repay existing debt and pay transactions costs, the term sheet said

If successful, the group would like with a $809.3 million market capitalisation on May 14. It would trade with ASX code of ACL.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Feb 21 2021, 04:18 PM
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and , just raised some money, looking to list.

Butn, a three year old fintech startup founded by a 38 year old serial entrepreneur and a 74 year-old banker, has closed a $12.5 million funding round and now plans to go public on the Australian Securities Exchange in the first half of this year.

The company was spun out of small business transactional lending company AFC (Australian Factoring Company), and has built a technology platform that lets it offer several lending and financing options to clients including a buy now, pay later product, advances on commissions, advance invoice payments and business loans.


1. Butn X
Invoices paid in an instant
Get paid as soon as your goods and services are delivered with advanced payments up to $75,000. It's simple, 30 days just turned into 30 seconds.

2. Butn Pay
Buy Now Pay Later for business
Butn Pay lets organisations instantly pay for goods and services, and choose the repayment terms. It gives businesses the cashflow they need, in seconds.

3. Butn Now
Commissions, without the wait
With Butn Now businesses can claim their commissions instantly. Don't wait weeks or even months to be paidget commissions paid in advance.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 


nipper
post Posted: Jan 11 2021, 03:05 PM
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A range of tech companies, including Beforepay, Marketplacer, ActivePort, Sniip, Vinomofo and SiteMinder, have already begun or closed pre IPO funding rounds ahead of likely listings this year.



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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
blacksheep
post Posted: Dec 5 2019, 06:17 PM
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In Reply To: blacksheep's post @ Dec 5 2019, 11:02 AM

extract from the ASIC report mentioned in previous post - full verion - https://download.asic.gov.au/media/5399325/...cember-2019.pdf

QUOTE
Promotion of the IPO
Our concerns
99 We were of the view that many public promotional activities during the IPO
period were predominantly designed to target secondary market investors.
These materials tend to exaggerate prospects, lack balance against
investment risks, are inconsistent with prospectus disclosures and may be
misleading.

100 We were concerned that companies do not always have oversight of public
promotional activities and that both companies and lead managers may have
inadequate processes to ensure the accuracy and compliance of statements in
public promotional material.

What we found
101 In relation to the public promotional strategies of mining IPOs, we found
that:

(a) the promotional strategy is often unclear and variable, with some
stakeholders taking a ‘spray and pray’ approach;

(b) the delineation of the responsibilities of the company, lead manager and
other professional promoters is usually unclear; and

© while the timing of public promotional activities between mining
companies may vary, it was apparent that offers had often been
allocated when public promotional activities commenced. Our
interviews confirmed that activities were often targeted to promote
trading on secondary markets rather than to promote the IPO to
prospective IPO investors.

102 Company directors and lead managers usually commented that the ability to
generate positive information, or news flow, in the short term following
listing was key to positive share price performance and a fundamental part of
the IPO process.

103 The public promotional methods used by companies and lead managers
included engagement of professional public relations firms, setting up social
media accounts, email ‘blasts’ from investor forums and platforms, and the
use of quasi-news platforms with ‘sponsored content’.

104 We found that lead managers would often engage public promotional
services on behalf of the company and that directors did not always have
oversight of the final version of public promotional material, which
increased the risk of misleading information being distributed to potential
investors.

Better practice recommendations
D4 Directors should review and approve all public messages made on
behalf of the company during and after the IPO process. Statements
made, even to sophisticated investors, may require later correction if
they are inconsistent with prospectus disclosures or are misleading.

D5 Companies should implement compliance processes for drafting,
reviewing and publishing promotional statements and documents.




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 5 2019, 11:02 AM
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Most of us know this - what we want to know is why they are allowed to slip through sadsmiley02.gif

ASIC reckons penny stock mining floats are riddled with conflicts
Vesna Poljak
QUOTE
The Australian Securities and Investments Commission concluded that mining and explorarion floats at the microcap end of the market are riddled with conflicts than can lead to poor investor outcomes.

Some of its key findings:

Retail investors who don't broke through a lead manager get limited access to IPOs.

"The prevalence of conflicts of interest is a significant concern".

Lead managers may act for both the company and investor clients, hold shares or even board seats.

Presentations and marketing methods "are often subject to substandard compliance controls".

IPO structures are too short-term focused, at odds with investment horizons more appropriate for following through on exploration.




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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 29 2019, 10:39 PM
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PropertyGuru is the ASX's next unicorn: Credit Suisse
QUOTE
Ten-times forecast revenue. That’s the eye-catching number Credit Suisse analysts have put on Asian online real estate listings business PropertyGuru to kick off attempt at a $1 billion-plus listing on the Australian Securities Exchange.

Credit Suisse’s chunky pre-marketing reports hit fund manager desks across the weekend – as revealed by Street Talk – and set out to explain PropertyGuru and argue why it should be the next ASX-listed unicorn.

PropertyGuru is an online real estate classifieds business operating in Singapore, Vietnam, Malaysia, Thailand and Indonesia. It makes three quarters of its revenue from real estate agents via subscription and listing fees, and the other quarter from developers who pay to use PropertyGuru’s sales and marketing products. The longer-term goal is to get into mortgage finance.

https://www.afr.com/street-talk/ipo-hopeful...20190929-p52vyk

Makes one wonder why they want to list on the ASX/Australia. Perhaps they are hoping for a t/o similar to IPP/REA merger. IPP also had on-line property assets in Asian markets. REA paid circa $750m for the group but ended up having to write off some $180m back in 2017 and a further impairment of $173.2m earlier this year - that's a total of approximately half the cost of buying the IProperty business, REA, however, continues to believe in the long term potential of the Asian market.

Will be interesting to follow the success, or otherwise, of this "unicorn" - >> ProppertyGuru

Meanwhile in Asia, agents are not too pleased with them - Too fast, too much: Property agents unhappy over PropertyGuru hiking prices
Read more at https://www.todayonline.com/singapore/too-f...-agent-packages





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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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