I really need to sort me out a subscription.
Having him back it means that it should go well, at least initially till we start getting growth numbers to (hopefully) support the price.
Moosie - no longer a cockup?
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So at this stage the lead brokers are not confirming this so where has the stuff site or who ever brought this out obtained the info
I'm really surprised Sam Morgan is allowing himself to be used in this way. If this current tech boom turns to custard, he could end up "attached" to it, in the same way Eric Watson ended up attached to the 99/00 period. If you recall, anything Watson was in, went up. Until the boom ended - then it was a black mark.
I hope the same doesn't happen here.
Yes and thats why I say his involvement will be good for the company.
BUT in the end, the company must stand on its fundamentals. No 'SuperInvestor' can change that. Sure they may be better at picking the better company's but that doesn't mean they get it right 100% of the time.
I personally see this as a good sign. While Sam does invest in a lot of tech companies, he doesn't invest in them all. Therefore he must have some selection criteria which, given his experience are probably better than mine. I also note that this is not a new start up, which Sam is helping to take off. It is an established company, and while fairly new, is a spin off of an existing company which Sam has no involvement in - again a positive sign as his investment should in theory be based on investment criteria rather than start up/angel investing criteria.
Sparky - you can kill a lot of cats for $2.5m. While inconsequential, I don't think the decision would have been taken lightly.
Couldnt agree more on Gareth --Gareth was also less transparent on his own fees whilst he got great publicity criticising others on their fees. I do wonder however whether some name investors are also able to negotiate put options on the side for added protection. I'm intriqued to see PIE Funds newsletter refers to being in the money on put options.
From memory wyn float this Friday - closed fully subscribed at the lower end of the price range
Thoughts from investors who got an allocation or investors keen to pick up a few
I took an allocation. More a punt rather than some deep analytical work. I feel this is what the share market is about, letting people invest in companies with strong growth ambitions. I know they are likely to tap me on the shoulder for more money but I am happy with that. Xero has proven if you get the right people on board and are not too greedy then you can be successful. Wynyard has the opportunity to form some strategy over their listing that could help them grow. Good luck to them. Hope they have a good listing however this is a long term play so not too worried about the first day, week, month. The next two years is a better time frame to judge.