Shareholders get cut of Shaver Shop’s IPO

Original article by John Stensholt
The Australian Financial Review – Page: 15 : 14-Jun-16

Shaver Shop is slated to debut on the sharemarket on 1 July 2016, following a $A98m IPO that is believed to have been significantly oversubscribed. The retailer posted EBIT of $A6.5m in 2014-15, which is forecast to rise to about $A11.5m in 2015-16, while its sales for the current fiscal year are expected to be around $A106m. Shaver Shop chairman Brodie Arnhold notes that all of its stores are profitable. The group aims to increase store numbers from 100 to 145 in the next three years.

CORPORATES
SHAVER SHOP PTY LTD, RIP CURL PTY LTD, QUIKSILVER INCORPORATED, MELBOURNE RACING CLUB

Leave a comment