SPO - Spotless Group Holdings

[winner69]

Weldon prob happy to have something of substance listed on the NZX ... even if just to colelct some fees

has trading actually started yet ... or is this just an non-event?

Prioe recovering after it was priced as if going broke last March in the market turmoil that existed then

SPT been involved in a lot of corporate activity over the years (some have failed like their bid for Programmed Maintenance) ..... maybe have an eye on some NZ targets and want some NZ investor capital in due course

[elZorro]

There seems to be a lot of trading on the ASX, so I guess we'll warm up to SPT. I've seen one of their liaison staff working on a site in NZ, from that experience I guessed they are an agressive company and will try to get a share of the action whenever it presents itself. They're a big employer, don't pay big wages on average, but this is NZ after all.

[winner69]

Looks like Spotless Mark II on the bourse soon

PEP done well over the last 2 years

http://www.canberratimes.com.au/business/spotless-receives-clean-bill-of-health-20140428-37e8o.html

[Winston001]

Hmm...just got an email from Craigs about this IPO.

Reminds me of Feltex.

Hmm...

[thedigger]

I got the same but it's not for me I just have a bad feeling about this one.

[biker]

Anyone else watching this IPO opening trade in Aust today? Shares issued at $A1.60. code now SPO

[winner69]

Another wipeout on the market this week - Spotless this time. Down 40% on not so good news

Private Equity getting a reputation this year with their IPOs not working out too well

[noodles]

You have to give Matt Brazier full credit for picking this disaster back in June.

Some quality writing here...
https://www.fool.com.au/2015/06/26/is-spotless-group-holdings-ltd-a-sell/

[Crackity]

You have to give Matt Brazier full credit for picking this disaster back in June.

Some quality writing here...
https://www.fool.com.au/2015/06/26/is-spotless-group-holdings-ltd-a-sell/

and big ups to Winston001 and thedigger - it oftens pays to listen to that gut feel.....;)

and I like the Motley Fool advertising at the end of the article Noodles - ' why Slater and Gordon deserves a place in your portfolio' .....

[biker]

Maybe better value now at around $1. I'm buying at these levels. Fortunately got out of the IPO very soon after listing.

[Yeshiva]

I'm confused, is this a NZX listed company? Maybe its in the wrong thread?

[biker]

I'm confused, is this a NZX listed company? Maybe its in the wrong thread?

It's listed on the ASX but is on the NZX forum probably because of its history and brokers in NZ spruiking the IPO.
The market seems to quite like it today. Up over 10%

[WR888]

Many competitors out there fighting for the same pie that SPO is going after. Many big ones too - ISS of Denmark, Compass Group of the UK,... I can't see of any edge advantage in SPO here, besides the home ground advantage.