Navigating The IPO Mine Field
By Tim Boreham, Editor, The New Criterion
How to pick the winners from the duds amid the ongoing IPO mania
Like climbers queuing below the Mt Everest summit before the next blizzard sets in, private vendors are continuing to join the initial public offering (IPO) conga line before the market turns foul.
Or has the IPO ‘weather’ turned already? Frankly, it’s hard to tell.
According to the esteemed website smallcaps.com.au, 84 companies have already executed an IPO in calendar 2021, compared with about 76 for the entire 2020 year.
At least 24 more IPOs are in the offing, although this number is a moveable feast as vendors chop and change their plans and the regulators force delays because of prospectus wording and such.
Switzer Daily
Can you pick a successful IPO?
15 July 2021
Like
climbers queuing below the Mt Everest summit before the next blizzard sets in, private
vendors are continuing to join the initial public offer (IPO) conga line before
the market turns foul.
Or
has the IPO ‘weather’ turned already? Frankly, it’s hard to tell.
According
to the esteemed website smallcaps.com.au, 84 companies have already executed an
IPO in calendar 2021, compared with about 76 for the entire 2020 year.
At
least 24 more IPOs are in the offing, although this number is a moveable feast
as vendors chop and change their plans and the regulators force delays because
By Tim Boreham, Editor, The New Criterion
The saintly stocks versus the sinners: which ones perform the best?
In a new era in which environmental, social and governance (ESG) considerations have been enshrined in the way fundies pick their shares, the so-called ‘sin’ stocks had been largely discounted as relics of the past.
Until Woolworths’ spin-off of
Endeavour Group (EDV) came along, that is.
By virtue of Endeavour’s sheer size and pure-play focus on booze and pokies, the bifurcation creates an awkward dilemma for ‘saintly’ Woolworths holders who tolerated the sinful stuff as a minority contributor to the grocer’s earnings (about 27% of total underlying profits).
IDP Education surges over 20% NZX 50 ends 0.2% higher
July 2 (Reuters) - Australian shares closed higher on
Friday, boosted by the country s four-phase plan to reopen the
economy from virus-led lockdowns, though they ended the
turbulent week flat.
The S&P/ASX 200 index ended up 0.59% at 7,308.6
points.
Australian Prime Minister Scott Morrison announced the
reopening plan, saying that each phase will require a new
vaccine milestone to be hit, with a focus on suppressing
COVID-19 to a stage where it would be managed like other
infectious diseases like the flu. The market is hopeful today (Friday) as numbers in New
South Wales seem to be under control and the government plan for
Australian shares close higher on phased economic reopening plan reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.