Initial Public Offering and/or Floats, IPO / Float Discussion

[arty]

In Reply To: flower's post @ Dec 17 2010, 03:37 PM

"good going" - if you got some.
I did as promised: Bought PNE as soon as my chart gave me a handle on it. Averaged in at 17c; sold the lot on Wednesday for 19.5c.

 PNE_i30_24_12_10.gif ( 15.97K ) Number of downloads: 6

Of course, I didn't sell those 8c MYGs yet.

[flower]

In Reply To: flower's post @ Nov 30 2010, 08:20 PM

Hi arty---MRP duly listed this morning closing with a healthy 17% premium.

Going to stay very tightly held for 12 months as about 40% of the shares are escrowed for 12 months---any premium on a Christmas Eve listing is "good going"---

[flower]

In Reply To: arty's post @ Dec 2 2010, 12:42 PM

Hi arty, MDI ---Middle Island Resources---is what I call an interesting IPO.

It's 25c shares traded as high as 46c yesterday--and today closed at exactly 50c--being a 100% increase in two days!!!----

Fundamental research some time ago would have revealed that Newmont Mining was going to be a cornerstone investor in the IPO

http://money.ninemsn.com.au/article.aspx?id=8184346

[flower]

In Reply To: arty's post @ Dec 2 2010, 12:42 PM

Hi arty, apologies I thought you said the other day the PNE IPO was promising.

Promising to me means the IPO lists at a premium--not a discount!

Am sure any seed capital oppies will be escrowed---- the IPO issue had one for two free attaching oppies (from memory)--todays non escrowed turnover in PNEO at .035c is hardly promising either since the oppies should be trading at 50% of the share price.

Let's see how MRP trades on the first day--personally think if gold in USD stays high MRP might even trade at a premium giving the stags a profit opprtunity.

[arty]

In Reply To: flower's post @ Dec 2 2010, 11:14 AM

Now you know why I don't do IPO's
Instead, I wait for the first day and watch the first trades go through. Sometimes, an "interested party" is trying to sell the IPO down, hoping to coerce insecure newbie punters into second thoughts and reducing their allocation. It stands to reason that the ones with the larger lines of sell offers are the same - or associated with those - that are buying low.

Anyway, the 16c trade that you picked for your claimed 20% discount was worth $2,400. Better check the vwap, which is currently 18.1c; if I can get a few just below that price, I'll take a punt.
(sorry, no chart yet)

PS: Don't forget, some seeders have been issued free options. Selling a few heads at 10% or 20% discount could still mean a profit.

[flower]

In Reply To: flower's post @ Nov 30 2010, 08:20 PM

PNE commences trading--currently at a discount of 20% to issue price.

[flower]

In Reply To: arty's post @ Nov 30 2010, 07:26 PM

Hi arty, it will be very interesting to see how the two compare on listing--Macphersons (MRP) has the likeleyhood it will be in production wihtin two years, whereas PNE is at the tenement assembly point--ie one (MRP) is not that far from producing a cash flow and has raised adequate capital whereas PNE is just starting out with only minimal capital raised. Will bookmark both. MRP has the disadvantage that it will list just before Christmas when the market is asleep.
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Paynes Find Gold Limited (PFGL or the "Company")(PNE) has secured agreements to acquire 11 contiguous tenements covering practically all of the historic Paynes Find Goldfield, 588ha. Within PFGL's tenement area, which is 5.5km long by 2km wide, 10 major gold-bearing lode lines have been identified together with 36 historic gold mines that mined grades ranging from 15g/t Au to as much as 150g/t Au.
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MacPhersons Reward (MRP) is an unlisted public resource company that has recently reopened three open pits located 6km southeast of Coolgardie. These were three of six open pits acquired from, and previously operated by, the famous prospector Bill Powell during the mid-1980's. In 2010, we completed pit floor due diligence drilling, a wall cutback and have commenced various pit studies on continued drilling and pit development in 2011. The Company is preparing for an IPO in Q4 2010.
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[arty]

Another promising new listing is Payne's Find, code PNE, due to commence trading this Thursday, 2nd December.

http://www.asx.com.au/asx/research/company...amp;asxCode=pne

http://www.paynesfindgold.com/index.html

http://www.australiasgoldenoutback.com/en/...aynes_Find.aspx

DYOR and TYOP. I don't buy into IPOs, but from what I've heard/read so far, I've placed it on my watchlist.

[flower]

In Reply To: flower's post @ Sep 22 2010, 11:46 PM

Gold punters may like to keep their eyes on a coming IPO, which may be fully subscribed already at 30c a share.

Name: Macphersons Reward---no code allocated yet.

Aimed for listing date: just before Christmas.

Based in WA, near Coolgardie

Underwriters and Brokers---Patersons Securities, Perth.

Pick up the background via The West Australian---------or if interested download the prospectus.
http://au.news.yahoo.com/thewest/business/...-in-gold-float/

[flower]

In Reply To: balance's post @ Sep 22 2010, 08:24 PM

B: Been in more than few over the last 20 years, and without exception the only ones worth a crumpet were those where your full,charge broker was underwriter and when most of the advisers got a firm allocaton to sell to a chosen few of their clients.

Only one from memory I refused was NMS, and that was even worse because I refused a large slab of seed capital--talk about lost opportunities, dont bother with IPO's these days though--far too chancy, seed capital is an entirely different matter.