SHAREMARKET FLOATS – AUSTRALIA

Costa hopeful IPO will be a success

roymorgansocial Leave a comment

Original article by Jared Lynch
The Australian Financial Review – Page: 17 : 8-Jul-15

Costa Group Holdings has commenced an international investor roadshow ahead of its Australian IPO, which is expected to be worth around $A1bn. Chairman Frank Costa says the fruit and vegetable group is performing well, and he hopes investors will assess the IPO on its own merits rather than being influenced by factors such as the impact of the debt crisis in Greece on global financial markets.

CORPORATES
COSTA GROUP HOLDINGS LIMITED – ASX CGC, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, MG UNIT TRUST – ASX MGC, PAINE AND PARTNERS LLC, UBS HOLDINGS PTY LTD, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD

Murray Goulburn float caution

roymorgansocial Leave a comment

Original article by Jared Lynch
The Australian Financial Review – Page: 3 : 3-Jul-15

The listed unit trust of dairy co-operative Murray Goulburn will debut on the Australian sharemarket on 3 July 2015, at $A2.10 per unit. The trust will allow non-farmer investors to gain exposure to the nation’s largest dairy processor via non-voting stock. Meanwhile, second-generation dairy farmer Ross Powell has urged fellow milk suppliers to avoid allowing the IPO to become a distraction.

CORPORATES
MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, MG UNIT TRUST – ASX MGC, FONTERRA CO-OPERATIVE GROUP LIMITED

Australian deal activity tipped to reach next peak in 2018

roymorgansocial Leave a comment

Original article by Joyce Moullakis
The Australian Financial Review – Page: 13 & 18 : 30-Jun-15

The value of completed mergers and acquisitions in Australia is expected to total $US74.1bn ($A96.1bn) in 2015, according to a report by Oxford Economics. This compares with $US73.7bn in 2014. The report, which was produced on behalf of law firm Baker & McKenzie, also forecasts that the value of local M&A deals will top $US126.3bn in 2018, followed by a fall in the next two years. Meanwhile, some $US2.4bn ($A3.1bn) worth of IPOs are expected to be undertaken in Australia in 2015, with IPO activity rising to $US6.6bn in 2018.

CORPORATES
OXFORD ECONOMICS LIMITED, BAKER AND McKENZIE, UBS HOLDINGS PTY LTD, MACQUARIE CAPITAL PTY LTD, GRANT SAMUEL AND ASSOCIATES PTY LTD

Garda float subscribers scaled back

roymorgansocial Leave a comment

Original article by Matthew Cranston
The Australian Financial Review – Page: 46 : 25-Jun-15

The IPO of Garda Diversified Property Group has attracted strong interest from investors, with the offer being oversubscribed. CEO Matthew Madsen says the property trust is likely to debut on the Australian sharemarket about a week earlier than anticipated. Investors will pay $A1 per unit, with the IPO raising $A70m.

CORPORATES
GARDA DIVERSIFIED PROPERTY FUND – ASX GDF, OPUS INCOME AND CAPITAL FUND NUMBER 21, MORGANS FINANCIAL LIMITED, METRO PROPERTY DEVELOPMENT PTY LTD, GRANT THORNTON AUSTRALIA, BDO AUSTRALIA LIMITED

Listing to fast-track expansion for Reffind

roymorgansocial Leave a comment

Original article by Vanessa Desloires
The Australian Financial Review – Page: 21 : 22-Jun-15

Reffind is slated to list on the Australian sharemarket on 9 July 2015, after issuing shares at $A0.20 in its IPO. The group, which specialises in the provision of technology solutions for the human resources industry, will have a market capitalisation of around $A20m on debut. Clients include Coles, AMP, Coca-Cola Amatil and Pacific Brands.

CORPORATES
REFFIND LIMITED – ASX RFN, COLES GROUP LIMITED, AMP LIMITED – ASX AMP, COCA-COLA AMATIL LIMITED – ASX CCL, PACIFIC BRANDS LIMITED – ASX PBG, 1-PAGE LIMITED – ASX 1PG, REA GROUP LIMITED – ASX REA, WESTPAC BANKING CORPORATION – ASX WBC, MORGAN AND BANKS, MONSTER.COM, FOSTER STOCKBROKING PTY LTD

Shriro warms investors’ hearts with barbecue

roymorgansocial Leave a comment

Original article by Sue Mitchell
The Australian Financial Review – Page: 15 & 20 : 17-Jun-15

Shriro Holdings will have a market capitalisation of about $A125m when it debuts on the Australian sharemarket on 23 June 2015. The household appliances group’s IPO raised $A50.5m, with its shares issued at $A1 apiece. Shriro’s portfolio of brands includes Altise, Omega and Robinhood, while it is a distributor of brands such as Casio, Blanco and Pioneer. Shriro has forecast a net profit of $A10m and revenue of $A187m for 2015.

CORPORATES
SHRIRO HOLDINGS LIMITED – ASX SHM, BLANCO PTY LTD, CASIO COMPUTER COMPANY LIMITED, PIONEER ELECTRONICS AUSTRALIA PTY LTD, OMEGA APPLIANCES, ROBINHOOD AUSTRALIA PTY LTD, ALTISE, EVERDURE, DULUXGROUP LIMITED – ASX DLX, SHRIRO PACIFIC, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, BUNNINGS GROUP LIMITED, MYER HOLDINGS LIMITED – ASX MYR, BING LEE ELECTRICS PTY LTD, BIG W DISCOUNT STORES, BREVILLE GROUP LIMITED – ASX BRG, GUD HOLDINGS LIMITED – ASX GUD, REXEL AUSTRALIA LIMITED, HAGEMEYER BRANDS AUSTRALIA PTY LTD, ROCKPOOL BAR AND GRILL PTY LTD, ESTEE LAUDER PTY LTD, GREENSTONE LIMITED, CARTER HOLT HARVEY LIMITED, IVE GROUP, METRO PROPERTY DEVELOPMENT PTY LTD, WILSON HTM INVESTMENT GROUP LIMITED – ASX WIG, ANZ SECURITIES LIMITED

Young Rich lister seeks IPO success

roymorgansocial Leave a comment

Original article by John Stensholt
The Australian Financial Review – Page: 41 : 17-Jun-15

Metro Property Development is undertaking a $A170m institutional bookbuild as it prepares to debut on the Australian sharemarket in July 2015. The personal wealth of CEO Luke Hartman was estimated at $A92m in the 2014 edition of the BRW Young Rich List. Hartman will be seeking to emulate the success of other recent IPOs of companies headed by members of the exclusive list, including SurfStitch, Aconex and Rewardle.

CORPORATES
METRO PROPERTY DEVELOPMENT PTY LTD, SURFSTITCH GROUP LIMITED – ASX SRF, ACONEX LIMITED – ASX ACX, REWARDLE HOLDINGS LIMITED – ASX RXH, VOCATION LIMITED – ASX VET, AUSTRALIAN CAREERS NETWORK LIMITED – ASX ACO, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX

Fundies say $400m price tag too high for Amaysim

roymorgansocial Leave a comment

Original article by David Ramli
The Australian Financial Review – Page: 15 : 15-Jun-15

Analysts value mobile telephone services reseller Amaysim at between $A367m and $A483m. The private equity owners of Amaysim are believed to be looking at a valuation of about $A400m for a proposed IPO. Amaysim currently boasts about 716,000 mobile phone subscribers and forecasts that its customer base will top one million by fiscal 2019. However, the telco is facing competition from Australia’s three mobile network owners.

CORPORATES
AMAYSIM AUSTRALIA PTY LTD, SINGTEL OPTUS PTY LTD, TELSTRA CORPORATION LIMITED – ASX TLS, VODAFONE HUTCHISON AUSTRALIA PTY LTD, NETFLIX INCORPORATED

Done deal: Metro sets float date

roymorgansocial 1 Comment

Original article by Larry Schlesinger
The Australian Financial Review – Page: 33 : 15-Jun-15

Metro Property Development is offering its shares to retail and institutional investors at $A2.25 apiece in an IPO that will raise about $A170m. The residential property developer will have a larger market capitalisation than listed rivals such as Sunland Group and Finbar when it debuts on the Australian sharemarket on 13 July 2015. Metro’s founders will retain a 46 per cent stake in the group.

CORPORATES
METRO PROPERTY DEVELOPMENT PTY LTD, MOELIS AND COMPANY, MORGANS FINANCIAL LIMITED, SUNLAND GROUP (VIC) NO 2 PTY LTD, FINBAR GROUP LIMITED – ASX FRI, VILLA WORLD LIMITED – ASX VLW, CEDAR WOODS PROPERTIES LIMITED – ASX CWP

National Vet Care dogs ASX-listed Greencross

roymorgansocial Leave a comment

Original article by Tim Binsted
The Australian Financial Review – Page: 21 : 15-Jun-15

It is estimated that Australians spend around $A2.6bn on veterinary services every year. National Veterinary Care aims to capitalise on this via a sharemarket float, which is slated for July 2015. The company is headed by Tomas Steenackers, a former general manager at listed veterinary services group Greencross. Steenackers’ firm comprises one veterinary clinic in Brisbane at present, but it plans to buy an additional 34 clinics if the IPO proceeds.

CORPORATES
GREENCROSS LIMITED – ASX GXL, NATIONAL VETERINARY CARE, DEUTSCHE BANK AG, IBISWORLD PTY LTD, MAYNE PHARMA GROUP LIMITED – ASX MYX, TERRY WHITE CHEMISTS, G8 EDUCATION LIMITED – ASX GEM, HEALTH DIRECT PTY LTD, ONCORE GROUP, WILSON HTM INVESTMENT GROUP LIMITED – ASX WIG, SHAW STOCKBROKING LIMITED