TPI Enterprises IPO by Wilsons, page-33

  1. 365 Posts.
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    Agree with Dimaz that this IPO will do very well.
    It's is the only Australian owned poppy processing company and
    is one of only nine companies globally to hold a licence to manufacture narcotic raw material from processing opiate raw material.
    It's backed by some heavyweight shareholders and have a look at the quality of the register.
    The top 7 holders hold 50% of the shares.
    Soul Pattinson (20%), Allan Gray (13%) Ellerston Capital (Packer - 8%), Acorn Capital (7%),
    Thorney (Waislitz and Pratt families - 4%). These holders are long term investors and there will be zero selldown.

    Apparently several of the large sharefolders were approched by a number of Chinese group to buy their stake but flatly refused.
    Demand was huge with the book covered 3 times.
 
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