Australia's largest stock trading and investment forum Australia's #1 stock forum

MSL

Click for more information

0.00%

29.5¢ msl solutions limited.

Why MPW is undervalued, page-27

First 27 Last

Share
Profile

Follow
anthony22793

1,137 Posts.

73

26/01/18

19:35

Post #: 30594820
Share

Originally posted by melua ↑

The IPO raising was fairly large and the IPO was used an exit strategy for note holders. That guaranteed a loose share register from the start. It never got momentum.
It's much more preferable to have seed investors/note holders who actually believe in the business, not just looking for an exit on IPO. In the really successful IPOs you normally see no exit from early investors. In fact the opposite. Look at just three recent examples where early investors actually bought more in the IPO and then bought more post IPO.
A3D (20c to $5.39 within four months)
GSW (20c to $4).
AL8 (20c to $2.30).
All three have come back in price since but still at multiples of IPO price. Tight registers are a very important ingredient in IPOs and MPW clearly never had this ingredient from the start.

Expand

When did A3D ever hit $5.39? In 4 months no less?

https://www.google.com.sg/search?q=...i57j69i61l3.2800j0j7&sourceid=chrome&ie=UTF-8

MPW Price at posting: 24.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

EIQ

Echo IQ tests show heart failure can be detected in 86% of cases with AI

Is the ASX getting its groove back? Here's 5 IPOs in September to watch

MYE

Metarock falls -10% as QLD regulator takes it to court over 2021 death of Graham Dawson – after raiding company offices

PEN

Peninsula promises restart of Lance uranium project in Wyoming by the end of 2024

Centuria Capital tops Wealth Within's stock picks

There are more pages in this discussion • 14 more messages in this thread...

First 27 Last

Add MSL (ASX) to my watchlist