IPO Sausage Machine

[MAC]

Potential 2015 floats, yawn, yet more market dilution,

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11379801

NZME
http://www.nzme.co.nz/

Yealands Wine Group
http://www.yealands.co.nz/

Oceania Group
http://www.oceaniahealthcare.co.nz/?gclid=CJTAgYCW6sICFUIHvAod8jkAbw

Powerhouse Ventures
http://www.powerhouse-ventures.co.nz/invest/opportunities/

MediaWorks
http://www.mediaworks.co.nz/

Booktrack
http://www.booktrack.com/#!/

Straker Translations
https://www.strakertranslations.com/

Invivo Wines
http://www.invivowines.com/

[BFG]

MAC, keep an eye out for some NXT/NZAX *cough Sean Joyce, cough, Sorehead, cough* ventures next year as well. Wonder if the bloated and foul smelling Mega Baboon will ever get off the ground as well?

[GTM 3442]

The quality of some of the offerings is approaching levels last seen in 1986.

[bmrm]

I agree that the quality of some offerings is a bit lacking, but what on earth is 'more market dilution'? It isn't zero sum, there is more than enough capital sloshing around NZ looking for a home.

[Harvey Specter]

Powerhouse Ventures
http://www.powerhouse-ventures.co.nz/invest/opportunities/
The interesting thing with this one is not whether they will list (they have just spent heaps rolling up their 4 partnerships in preparation), but whether any of their investee companies will list on the NXT. HydroWorks should be first off the block and Syft is already listed on the Link exchange (ie. no liquidity) so could move across as well. NOt sure on the others - the technology on some sounds interesting but they will need to get some good traction to justify a listing. Motim and SolarBright could be getting close (Lets face it, solarbright couldn't do any worse than Energy Mad).

http://www.powerhouse-ventures.co.nz/portfolio/

[Bjauck]

I agree that the quality of some offerings is a bit lacking, but what on earth is 'more market dilution'? It isn't zero sum, there is more than enough capital sloshing around NZ looking for a home.

I agree. Lots of individuals have capital that is in term deposits and housing. Also a growing institutional kiwisaver pot much of which is in conservative funds and/or overseas.

NZ has a lamentably low rate of investment in equities especially direct share investment by individuals. Many quality undervalued companies have been snapped up by overseas interests over the years. We just need to see the government become serious on introducing incentives for individual investment in NZ companies to counteract the penchant for leveraging up and buying residential rental properties.

However you still need to be aware of the mutton-dressed-as-lamb offerings...

[Harvey Specter]

What I would like to see is some good quality large family businesses being partly sold to give the old owners an exit strategy. They normally seem to go to private equity who strip out all the cash, over leverage them, then flog the remaining carcass to the market.

That and some early stage companies, provided the pump and dump merchants aren't involved.

[MAC]

Ah well Harvey, where are the Izon, RocketLab and Greenlane sort of growth companies also.

The answer is going directly to the UK AIM market or to private equity, but then if raising capital becomes difficult for a company then I guess the option of last resort may well be the NZX, such is life for we small humble investors, left with the leftovers.

Izon
http://www.izon.com/

RocketLab
http://www.rocketlabusa.com/

Greenlane
http://greenlanebiogas.com/

[NT001]

This article from BusinessDesk has some relevant comments on the new listings in the year just ending.

http://www.scoop.co.nz/stories/BU1412/S00948/year-in-review-nz-stock-investors-ride-wave-of-new-listings.htm

[Harvey Specter]

HydroWorks should be first off the block

http://www.powerhouse-ventures.co.nz/portfolio/hydroworks are currently doing a pre IPO round and planning a NXT ipo later in the year.

Anyone in on this?

[Harvey Specter]

Invivo Wines
http://www.invivowines.com/
They've raised $2m on snowball effect. Will be interesting to see if/when the ipo and at valuation.

[Dej]

hydroworks are currently doing a pre IPO round and planning a NXT ipo later in the year.

Anyone in on this?

https://equitise.co.nz/project/hydroworks-pre-ipo-round

Currently live.

Thoughts from anyone? Now planning to preferentially list on the ASX rather than NZX.

Already in over funding. Huge jump in revenue expected over the next year (from $2 to $12(?!))

Market capitalisation post money of $20M with analysts report of it being worth $24M minimum.

ASX definitely has more appetite for this sort of company (By appetite I mean speculators).

Looking to IPO next year (CY2016) and raise a further $6 - $12M on IPO.

Part of this crowd funding is to meet current working capital requirements + fund IPO.

[stoploss]

https://equitise.co.nz/project/hydroworks-pre-ipo-round

Currently live.

Thoughts from anyone? Now planning to preferentially list on the ASX rather than NZX.

Already in over funding. Huge jump in revenue expected over the next year (from $2 to $12(?!))

Market capitalisation post money of $20M with analysts report of it being worth $24M minimum.

ASX definitely has more appetite for this sort of company (By appetite I mean speculators).

Looking to IPO next year (CY2016) and raise a further $6 - $12M on IPO.

Part of this crowd funding is to meet current working capital requirements + fund IPO.

Says they are the "rocket ships of the turbine world " Then goes onto state "HydroWorks is able to offer owners on these hydro power stations improved efficiencies by re-engineering their turbines, often gaining more than a 3% increase in power generation."
I appreciate 3 % over 30 years is considerable , but would have thought rocket ship performance would be more than 3 % . Also what are the risks if the 3 % gain does not eventuate ....

[Joshuatree]

Interesting thanks..I thought the NZ hydro stations had their turbine efficiencies a few years ago; i met an englishman travelling around doing just that; upgrading turbines.

[Dej]

Says they are the "rocket ships of the turbine world " Then goes onto state "HydroWorks is able to offer owners on these hydro power stations improved efficiencies by re-engineering their turbines, often gaining more than a 3% increase in power generation."
I appreciate 3 % over 30 years is considerable , but would have thought rocket ship performance would be more than 3 % . Also what are the risks if the 3 % gain does not eventuate ....

I don't think any major advances in turbine efficiency is ever going to happen. It has been around for such a long time that I doubt anyone could turn up one day and say "I have found a blade that is 20% better than the next best option".

I agree that the 'rocket-ship' reference is a little out of step.

I think the focus point for me is the small to medium sized hydro market they are aiming for. Most big and massive hydro facilities have already been built but there is still plenty of energy in the small to medium sized market. There is an obvious focus on renewable energy these days with hydro being the pinnacle of controllable-base generation. If it is now feasible to gather energy semi-non-destructively from the run offs of farms and tributaries to these larger reservoirs then you are harvesting even more energy from the available hydro resource. If HydroWorks technology aids the feasibility of this energy market then in my mind they are a good long investment.

I will be doing a little more homework of course. My problem with crowd funding is (what I call) lack-of-easy-exit until the IPO. This one seems to tick that box with an IPO planned in a year.

Interested in others thoughts!