Jan 2008 IPO Scorecard

[Artcore]

15 companies are brave enough to debut in January despite facing a very volatile market; only one word can describe their respective performance, CARNAGE!

Company|ASX Code |Date Listed|Issue Price|1st Day|31-Jan-08|Return (1st Day)|Return (Current)|
Interstaff Recruitment Ltd ITS 31/01/2008 1 1.1 1.1 10.00% 10.00%
Scotgold Resources Ltd SGZ 15/01/2008 0.25 0.3 0.265 20.00% 6.00%
Compass Hotel Group CXH 3/01/2008 1 1.05 1.05 5.00% 5.00%
WAM Active Ltd WAA 11/01/2008 1 0.94 1.005 -6.00% 0.50%
Ozgrowth Ltd OZG 2/01/2008 0.2 0.26 0.2 30.00% 0.00%
Australian Gold Investments Ltd AGV 14/01/2008 0.2 0.21 0.17 5.00% -15.00%
Uranio Ltd UNO 29/01/2008 0.2 0.155 0.17 -22.50% -15.00%
Total Staffing Solutions Ltd TSF 10/01/2008 0.25 0.245 0.21 -2.00% -16.00%
Jatoil Ltd JAT 30/01/2008 0.2 0.135 0.16 -32.50% -20.00%
Bassari Resources Ltd BSR 7/01/2008 0.25 0.26 0.19 4.00% -24.00%
Exoma Energy Ltd EXE 15/01/2008 0.2 0.15 0.14 -25.00% -30.00%
AusTex Oil Ltd AOK 8/01/2008 0.4 0.33 0.235 -17.50% -41.25%
ASF Group Limited AFA 27/01/2008 0.25 0.13 0.13 -48.00% -48.00%
Coppermoly Ltd COY 31/01/2008 0.25 0.13 0.13 -48.00% -48.00%
Botswana Metals Ltd BML 18/01/2008 0.2 0.12 0.085 -40.00% -57.50%

This time even the mining/energy related stocks got battered, Coppermoly 48% meltdown on the 1st day of trading. They wanted to raising $16 million initially, only got half of what they wanted. Botswana dropped more than half of its issue price after 2 weeks of listing.

I was not surprised the performance of ASF Group, consider 80% of its listed capital (seed capital) were issued to seed investors at mere 1 cent each, even trading at 13 cents, that's astronomical 1200% return to handful of seed investors.

 

[Agentm]

i have been watching closely AGV myself.. floated in the disasater days of january, yet held pretty good. they announced a Major gold company was interested in one of their projects in days of floating.. interesting people in it and well thought out strategy for some of the family members in it.. not gone into it as yet but i do like gold (and oil) myself..