Happy Valley Nutrition IPO

Despite it being an NZ company, the media here don't seem to have picked up on this NZ Company doing an IPO... but yes it is - and closing very soon!

Seems like speculative stuff (at this stage) with production not due till early 2023... but potentially lucrative (especially if/when they get a 'strategic partner' locked in)

https://www.onmarket.com.au/offers/happy-valley-nutrition-ltd/investor-presentation/ (investor presentation)
https://www.hvn.co.nz/ (company website)
https://www.stuff.co.nz/business/far...factory-all-go (recent article about the factory)

Feel free to post any thoughts etc

Hi, we don't have a business, but we have $1.3m worth of assets, which, all up, we value at over $40m. If you pay us a bunch of money, we can start paying ourselves a nice salary and maybe we can do a business and maybe return your money one day.

... have I read all that correctly? If you'll excuse the milk pun, i just skimmed it.

Quote:

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Originally Posted by Lewylewylewy

Hi, we don't have a business, but we have $1.3m worth of assets, which, all up, we value at over $40m. If you pay us a bunch of money, we can start paying ourselves a nice salary and maybe we can do a business and maybe return your money one day.

... have I read all that correctly? If you'll excuse the milk pun, i just skimmed it.

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Yes you have read it correctly... but don't all businesses start off like this? (from nothing, to something)

Is this the same director mentioned?
https://www.nzherald.co.nz/business/...ectid=11932158
https://shakespearebay.com/2016/05/2...and-gibraltar/

Quote:

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Originally Posted by trader_jackson

Yes you have read it correctly... but don't all businesses start off like this? (from nothing, to something)

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But you can buy a private business or shares in one that's managed for much less, or the same valuation but with earnings and history.

Not a good debut on ASX

The 20 cent shares sunk to 13 cents soon after trading started

How did the ipo go, oversubscribed?

I was reading somewhere they need to raise a lot more money to actually get the factory built. Seems expensive at this stage with no revenue.

In administration

Still building the factory