Lots of new companies coming to list

[SimonHouse]

According to the NBR the following companies are looking to list:

Metro Glass - http://www.metroglasstech.co.nz
Hirepool - http://www.hirepool.co.nz
Scales - http://scalescorporation.co.nz
E-Road - http://www.eroad.co.nz
PowerbyProxi - http://powerbyproxi.com
IkeGPS - http://www.ikegps.com
Orion Health - http://www.orionhealth.co.nz
PushPay - http://pushpay.com
CricHQ - crichq.com

with the following also considering a listing (but probably not as developed):

Fronde
Wherescape
Triplejump

Exciting times ahead!

(Sorry if I've put this in the wrong spot)

[mp52]

In my admittedly still limited reading many commentators point to a flurry of IPOs as a warning sign of a turning market. What say ye all?

[Xerof]

Reminds me of pre-1987

although this time it's different

[Schrodinger]

Rather have lots than none. Gives us a menu and we sort through the ones with the right flavour.

[MAC]

Seems to be mostly tech stocks catering to those with little regard to risk and quantifiable fundamentals, why would they not want to raise capital right now when there are so many enthusiastic punters ready to jump on board the next trendy software app with their eyes closed.

My advice if you are considering investment in the next big tech thing, is wait for the post stag dip and the markets assessment of value at that time, there can often be more guidance six months or a year in also to make a better informed decision.

Most NZ tech stocks with a minority exceptions are lower than their IPO a few months in, there’s usually no reason to rush in.

[Lizard]

Buy NZX Ltd? Good margin for them on primary listings as I recall, although they've been expanding their overhead structure in an attempt to ensure this is more than brief spurt of market interest. Also in their favour is the increasing impact of Kiwisaver balances meaning ever more capital heading to the markets, hopefully some of which makes it into NZ equities and debt issues.

[Schrodinger]

Seems to be mostly tech stocks catering to those with little regard to risk and quantifiable fundamentals, why would they not want to raise capital right now when there are so many enthusiastic punters ready to jump on board the next trendy software app with their eyes closed.

My advice if you are considering investment in the next big tech thing, is wait for the post stag dip and the markets assessment of value at that time, there can often be more guidance six months or a year in also to make a better informed decision.

Most NZ tech stocks with a minority exceptions are lower than their IPO a few months in, there’s usually no reason to rush in.

Please check the current tech stocks and provide a more accurate analysis. With a few exceptions all software IPOs are well above heir issue price.

Lets look into the 2 most recent IPOs Gentrack and Serko which are both oversubscribed and solid businesses. Both have good revenue and a far less risky investment than your beloved PEB which has just broken through the 300k sales barrier?

[Harvey Specter]

Please check the current tech stocks and provide a more accurate analysis. With a few exceptions all software IPOs are well above heir issue price.
?
XRO and DIL spent time below their list price. As did WYN.

SNK, VML and GEO were all compliance/backdoor listings but have at all times been higher than their Pre-list value (but not their effective list price??)

SLI and TME above list price at all times?.

Any NZ 'tech' companies I've missed?

[sharer]

Thanks for the effort SimonHouse, handy to have a convenient list of web links. Might be some intriguing info to contemplate, but ...

In some years of struggling at this game i've not seen much sign of insiders/manipulators/"private equity outfits" etc ever giving the new investors a fair go, so i plan to hold the wallet closed for a start. Especially regarding those with some questionable history (e.e. Hirepool, Scales .., regardless of seductive pseudo "fundamentals"). For a starting bid, i agree with Lizard - most of the profit getting loose for us common folk to sample will come from NZX dividends, not the newly listed firms.
And i agree with Roger, and particularly the very good observation made by MP52, modestly claiming to be Junior, but i'd say very wise already !

[percy]

I try to compare new issues with shares I already hold.Am I better to add to what I have and know?
I hold some really great companies,so any new issue has to have something special to attract me.
I remember the old saying of Buffett's;"You are better paying a fair price for a good company,rather than paying a good price for a fair company."
Will the new issue company be able to pay me increasing dividends,or will management waste it all taking on the world?

[MAC]

DIL, XRO, SNK, GEO, SLI, etc, I need not go on.

It's often a matter of sentiment and exuberance over researched decision making at tech IPO time.

5910
5911
5912
5913
5914

[nextbigthing]

MAC using TA. What is the world coming to? ;)

[clip]

If Orion health end up listing I will buy the hell out of them :D That's one company i've been saying for a couple of years I would love to buy if they ever go public

[Harvey Specter]

Thanks for the effort SimonHouse, handy to have a convenient list of web links. Might be some intriguing info to contemplate, but ...

In some years of struggling at this game i've not seen much sign of insiders/manipulators/"private equity outfits" etc ever giving the new investors a fair go, so i plan to hold the wallet closed for a start.

Kathmandu and TME left plenty on the table. The business Bskery left nothing on the table (the didn't put much in either)

[kiora]

Me toooo clip. The numbers are looking good :t_up:

If Orion health end up listing I will buy the hell out of them :D That's one company i've been saying for a couple of years I would love to buy if they ever go public

[MAC]

Investor caution for all;

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11276057

[Bobcat.]

The impending Equity Market correction will IMO bring most of these new IPO's share prices falling. Seasonal factors will play a part. End of June and September for example are subject to triple witching...and October is renown for corrections (the largest recently being October 2008).

http://www.investopedia.com/terms/t/triplewitchinghour.asp

http://theirrelevantinvestor.tumblr.com/post/88215616013/bull-market-tops-bear-market-bottoms

I for one will not be buying into any of the above IPOs before at least November.

BC

[noodles]

BC will be right one day. Caution is definitely required.

[Bobcat.]

You are a patient man BC, calling the top since February!

Not so much the top, Moose, but I have for months now been making it clear that we are overdue for a major correction (see the 2nd link in my post above). Come on, it's been 6 years! How much longer do you think it'll be?

Everything rosy in most economies? No. So what's preventing / forestalling a normal market correction? The Fed and other Central Banksters artificially propping up Equity markets with low interest rates. Wait until inflation kicks in (which the CB's have now no choice but to engineer) and then look to see what that does to the DJIA, S&P500, etc.

Not if but when, and I'm putting money on it that we will see it soon.

(Discl: loading up on BEAR.asx and precious metal diggers)

Edit: Last night US CPI (MoM) was twice what was expected (0.4% against 0.2% predicted) and Housing Starts were much lower (-6.75% against -3.7% expected). We may be witnessing now (just south of S&P = 2000 and DJIA = 17,000) the beginnings of a correction. I for one would not be surprised...but let's see what the upcoming FOMC meeting (Friday morning our time) shakes out of the tree.

[nextbigthing]

I heard Sharetrader itself is going to list. I'd be keen. The PEB thread alone is valued at over $100 million.

[luigi]

Fronde are already traded on the Unlisted platform (http://www.unlisted.co.nz/uPublic/unlisted.mt_public.securityDetail?p_prtp_id=92).