I heard advertising on Radio Hauraki for the AFT public offer . Apart from the energy floats, this is quite unprecedented.
The best floats are the ones you can't get in to.
A clear warning sign for me.
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I heard advertising on Radio Hauraki for the AFT public offer . Apart from the energy floats, this is quite unprecedented.
The best floats are the ones you can't get in to.
A clear warning sign for me.
I have been scaled back a fair bit. I think they will be successful.
I'm not sure why they were advertising, because there is no public offer for a start, only broker and priority offer... (I know one of the big brokers basically got given almost no allocation).
On a separate note, on NBR I did see an article titled "the Dick Smith of pharmaceuticals" with AFT tagged in it... I hope it wasn't implying AFT, but as I don't have paid access I couldn't read further... http://www.nbr.co.nz/subscribe/182287
Anyone care to enlighten us?
AFT got a waiver for having less than 25% of its register held by the public. Looks like Joe Public didn't bite and it is mainly instos. Not sure if this is necessarily a bad thing though as I've seen this before and it is an NZ problem. I assume the NZX ignores anything related to the ASX register which may have greater public support.
https://www.nzx.com/companies/AFT/announcements/275546
What time does AFT list today on the NZX and the ASX? The listing notices never have the time which frustrates me.
Off to a good start... up around 11%, not many sellers (not surprisingly)
http://www.sharechat.co.nz/article/a...6-mln-ipo.html
Interesting article... Up almost 11% for the day, I got my full allocation, anyone know when they list on the ASX? I notice there is a checky bid on the ASX for $2.90 and a much larger one for $1. Meanwhile on the NZX Buy orders outweigh sell orders almost 3:1
Early days I know, but initial reaction is always something to be watched (I think at least).
Good to see share price holding well above IPO price, interesting was the results announcement to the market for the six month reporting period to September 30 2015 as I thought this has already been released, but was still marked as price sensitive (maybe NZX did it just in case...)
Good to see two important 'boxes ticked' for a growth company:
- Gross Profit increased 17% (with sales increasing more than costs of goods sold)
- Cash (receipts) From Customers increased 18.5% (with receipts increasing more than payments to suppliers and employees)
Let the good news continue :t_up: