Du Val Group ….IPO on way?

[nztx]

Things appear to be going swimmingly well submarine style for some in the Property Development sector

Take for example this one -

https://www.nzherald.co.nz/business/...FWY54FC5ZNPPE/

House-builder Compass Homes Franklin stops trading


And that's in one of the better growth areas for the sector - Article may be paywalled


A fairly good run down of some of the issues the sector faces, including scarcity of sales in this case.

[thedrunkfish]

https://newsroom.co.nz/2024/02/09/wo...-legal-action/

Wonder if it will get to IPO?

[Sideshow Bob]

https://newsroom.co.nz/2024/02/09/wo...-legal-action/

Wonder if it will get to IPO?

Article mentions they “self produced a reality tv show about their life and work’.

If not enough red flags already, massive one there!!

[Habits]

Article mentions they “self produced a reality tv show about their life and work’.

If not enough red flags already, massive one there!!

I would love to see this show be screened, but not sure if it's reality or comedy

[etrader]

Definitely all smokes and mirrors where they rented a house in arrowtown short term to stage that plus they were renting in Auckland also to stage that side.

This ipo is just converting debt they can’t repay to shares which will be hard to move

Another mid level property business who live of cashflow to have a show lifestyle while investors bleed

Wouldn’t touch it with a barge pole

I would love to see this show be screened, but not sure if it's reality or comedy

[SPC]

IPO def. Investors Probably Outsmarted
Alt: Invariably Poor Outcome

[ValueNZ]

IPO def. Investors Probably Outsmarted
Alt: Invariably Poor Outcome

It's Probably Overpriced

[GTM 3442]

So as the pool of listed companies slowly shrinks, is this the future for the NZX?

[Sideshow Bob]

https://businessdesk.co.nz/article/p...e461-402467359

(Paywalled)

Saying they were technically insolvent last September.

[nztx]

https://businessdesk.co.nz/article/p...e461-402467359

(Paywalled)

Saying they were technically insolvent last September.

That's after this:


Feb 2023:

https://businessdesk.co.nz/article/p...d-of-nzx-float

Du Val converts mortgage fund ahead of NZX float


and this:

Mar 2023:

https://businessdesk.co.nz/article/f...ing-them-quiet

For Du Val, 'protecting investors' also means keeping them quiet


and this:

28 Mar 2023:

https://businessdesk.co.nz/article/p...ponder-options

Shell shocked Du Val investors ponder options


(All paywalled)

But past indications on just how "Other Peoples Money" has fared