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Thread: Gentrack

  1. #1
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    Default Gentrack

    Looks like we will have a few IPOs in the next few months. As well as Serko, Gentrack is also looking to IPO:

    http://www.stuff.co.nz/business/indu...to-list-on-NZX

    And an older article from NBR:

    http://www.nbr.co.nz/article/gentrac...oard-bd-155726

  2. #2
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    With details

    http://www.nbr.co.nz/article/gentrac...-ipo-bd-156721

    According to its forecasts, revenue rises to $40.6 million in 2014 from $40.1 million in 2013, before climbing to $44.7 million in 2015. Net profit would be $3.7 million this year and $9.3 million in 2015.

  3. #3
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    Default

    Noob here, have read this forum a lot and now looking for some advice. I have a few investments, nothing major or risky just a few grand here and there (GNE and NZX smartshares). I'm interested in Gentrack mainly from knowing one of its new ind directors quite well - Andy Coupe, I've worked with him for a few years and rate him as an operator.

    My question is how to make sure I get some shares (if I decide to go ahead). I'm thinking $2k. The RP&IS doesn't have a direct application form, it says to go through a broker. I don't have an account with any broking firm and I'm no big player, so how do I make sure I don't miss out? Would be grateful for suggestions

    Cheers

  5. #5
    percy
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    Default

    If you know Andy Coupe well enough ,ask him for help.
    Other than that, find out who is the lead broker, and ask them for an allocation.You will most probably have to open an account with them.As you are wanting a modest amount ,people may go out of their way to help you.

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    Quote Originally Posted by percy View Post
    If you know Andy Coupe well enough ,ask him for help.
    Other than that, find out who is the lead broker, and ask them for an allocation.You will most probably have to open an account with them.As you are wanting a modest amount ,people may go out of their way to help you.
    ANZ securities (formerly Direct Broking) have offered me some. Might be an idea to give them a call.

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    Quote Originally Posted by blackcap View Post
    ANZ securities (formerly Direct Broking) have offered me some. Might be an idea to give them a call.
    When you say 'offered' do you just mean the group email they sent everyone?

    I am a new Direct/ANZ customer so not sure if they have levels of favouritism.

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    ASB has it on their trading banner. A call for interest in the float.

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    Quote Originally Posted by Harvey Specter View Post
    When you say 'offered' do you just mean the group email they sent everyone?

    I am a new Direct/ANZ customer so not sure if they have levels of favouritism.
    Yes that's the one.

  10. #10
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    Quote Originally Posted by Harvey Specter View Post
    When you say 'offered' do you just mean the group email they sent everyone?

    I am a new Direct/ANZ customer so not sure if they have levels of favouritism.
    I am interested to know that too blackcap. Have been an ANZ Securities customer for many years and am interested in some info on this IPO.
    Have emailed them.

  11. #11
    Reincarnated Panthera Snow Leopard's Avatar
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    Thumbs up Mild interesting

    Good to see something 'tech' listing that actually makes a profit and intends to pay a small dividend.

    So the aim appears to be to pay off the debt, give a few current shareholders the opportunity to sell down their stake and then go for world domination.

    I think that $2.50 a share (and a forward P/E of 18) is dreaming, and nearer the $2 mark would be the right price - but who knows what the book building will come up with.

    Best Wishes
    Paper Tiger
    om mani peme hum

  12. #12
    The Wolf of Sharetrader
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    Is mild interesting an Indonesian dish? I think you got ordering breakfast mixed up with your post PT

  13. #13
    Reincarnated Panthera Snow Leopard's Avatar
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    Talking Remembrance of Meals Past

    Quote Originally Posted by nextbigthing View Post
    Is mild interesting an Indonesian dish? I think you got ordering breakfast mixed up with your post PT
    For mild interesting (breakfast) please read:
    nasi putih, terong, telur, sambul dan yang ini [white rice, eggplant, egg, sambal and this (some green vegetable dish I did not know the name of)]

    For mild interesting (title) please read:
    "maybe interested"



    Best Wishes
    Paper Tiger
    om mani peme hum

  14. #14
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    Quote Originally Posted by blackcap View Post
    ANZ securities (formerly Direct Broking) have offered me some. Might be an idea to give them a call.
    For those interested, all the info on this IPO is available on the ANZ Securities website. Left hand side under " Investment Opportunities"

  15. #15
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    Quote Originally Posted by Paper Tiger View Post
    I think that $2.50 a share (and a forward P/E of 18) is dreaming, and nearer the $2 mark would be the right price - but who knows what the book building will come up with.

    Best Wishes
    Paper Tiger
    Agree. The P/E numbers seem a little high to me without a solid growth plan. Otherwise just buy TEL, MEL etc and get somewhat guaranteed dividends with less risk.

    Frustrating being on the retail side and only knowing the price after I've put in the firm.

    Who is going for this one?

    And a silly noob question - I can't tell from the prospectus if Australians can take part in the IPO or have to buy in the secondary market. Does anyone know?

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