ipo a dud

At least for a year or so - that is my verdict after reviewing the prospectus and weighing up what is in there. Just took my 3 bagger.

The market is not 'enthusiastic' on these types of stocks either - so be sure to do your own research and not rely on others being so generous as to do it for you.

Earnings are too far off in this one - 3 years and many many 'risks' if you read the prospectus. The indepenant assessment in the prospectus says that this is a "speculative" investment - not me - that is what the prospectus says.

Look at sentiment towards their peers - a bear market.
The SBI float today was a flop, Mission Biofuels has no buyers - and look at the chart (MBT). Look at sentiment for AAE - check the chart again.

ok - I know all different in some ways in their business plans - but I had hoped for a positive reaction to JPR today - at least 23 - 25 cents given the fact the market is well aware of the pending IPO and just needed the conversion factor and prospectus. A flop I reckon today was for JPR.

6 or so weeks ago some people were predicting JPR would be 40 cents by now - LOL! - I never agreed with that but thought 25 was possible once the prospectus was released - still might be - but wouldn't put the house on it looking at the poor performance of their peers and especially SBI today.

Good luck all - and DO YOUR OWN RESEARCH - better stocks around in my opinion.