My kids all played this game at the Montgomery residence when they were very young. We’d line up all manner of items next to a bowl of water and the kids had to think about whether the item would float or sink. Heavy pieces of wood were always fun because despite their weight, they floated.
That surprised look must also be on the faces of those who purchased shares in some of the recent wave of floats. Continue reading
Veda opens near our intrinsic value estimate of $1.77.
As you know we have been speaking about the only game in town being the current rash of IPOs for some time. Continue reading
Last week’s Freelancer (FLN) IPO marked the 73rd ASX listing this calendar year. We have steadily grown more and more skeptical at the speed many businesses are being brought to market in the pre-Christmas rush. Continue reading
Many investors will have noticed that, after a number of dry years, the market is suddenly awash with Initial Public Offerings (IPOs). Given the flood of potential opportunities, what are some of the things investors should bear in mind when considering whether or not to participate? Continue reading