I bought a few last week mainly for the IPO and don't know much of the history of the company. So just wondering why the bad feeling towards it? At first glance it seems fairly cheap and 103 million on issue isn't really over the top. I take the point about lack of focus - even the float has a few too many items in it for my liking.
Still maybe its poor sp performance is due to stale bulls rather than a fair reflection of its prospects.
Just thoughts - any comments?
eden energy ipo - announcement, page-20
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