Not a lot of discussion on here about the prospects of this...

Not a lot of discussion on here about the prospects of this recent IPO....

Amazing how often that once all the promotion of an IPO disappears, these businesses drift lower and then become great value as they start to grow and deliver on what was set out in their pre-IPO plans. Takes a long time to get broader recognition and awareness among investors, unless you are a successful IPO from the start.

Personally, I think there is a lot to like about GO2 at this level.  

Financials
These looked pretty good in this announcement.
Revenue in Q4 was $14.2m, 21% growth on previous quarter
EBIT of 1.3% positive = $185k roughly
Good pipeline of projects heading into FY19

Current Vacancies
A quick look at this page suggests that there is a lot of opportunities available.
http://thego2people.com.au/current-vacancies/
I would like to see them develop a more generic jobs board as a side business, which was tailored to the industry, which would generate new clients, but could also become a separate business unit.

Expansion
This is an important factor moving forward, they have good national coverage now, with:
- New Victorian office opening in June
- QLD labour hire license coming through
- NSW ramping up after first year of operation
- Existing offices growing with tailwinds in WA mining, QLD renewable energy projects
- Investment in Aus infrastructure about to ramp up (see below)
- Enough cash to support current organic growth
- Potential NZ acquisition?

Sweet spot
It has been widely reported that there is a bit of an infrastructure boom happening in Aus, which is just starting to ramp up and will continue out to 2023.
I can only see that being a positive for GO2.
disallowed/business/the-economy/the-infrastructure-boom-cometh-20180205-p4yzey.html<br><br>I expect this will start to get rerated, heading back to its IPO price, off the back of full year financials being published and some investor presentations.

This looks like a bargain at these levels with the growth potential available.

Anyone else got anything to add?