SHAREMARKET FLOATS – AUSTRALIA

GenesisCare in no rush over billion-dollar IPO

roymorgansocial Leave a comment

Original article by Simon Evans
The Australian Financial Review – Page: 13 : 12-Jun-15

Private equity-owned GenesisCare operates 25 cancer treatment facilities in Australia, and is keen to pursue growth domestically and internationally. MD Dan Collins says the group is considering a range of options, including an IPO, although he says GenesisCare is in no hurry to list on the sharemarket. GenesisCare posted EBITDA of $A46.4m in 2013-14, with revenue of $242.5m for the financial year.

CORPORATES
GENESIS CARE PTY LTD, KOHLBERG KRAVIS ROBERTS AND COMPANY, KKR AND COMPANY LP, THE ROYAL AUSTRALIAN AND NEW ZEALAND COLLEGE OF RADIOLOGISTS, GREENSTONE LIMITED, HOLLARD INSURANCE GROUP, GREAT BRITAIN. NATIONAL HEALTH SERVICE, UBS HOLDINGS PTY LTD, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, RAMSAY HEALTH CARE LIMITED – ASX RHC

Hopes fade for IPOs as Greenstone deal sinks

roymorgansocial Leave a comment

Original article by Sally Rose
The Australian Financial Review – Page: 21 & 24 : 11-Jun-15

ASX Limited’s Max Cunningham says fewer companies are pursuing IPOs compared with the same period in 2014, but he adds that the IPO market remains healthy. However, the outlook for IPOs is uncertain following Greenstone’s decision to abandon its $A900m float after lack of support for investors at the stock’s proposed issue price. Upcoming floats include Gateway Lifestyle, Adairs and QMS Media.

CORPORATES
GREENSTONE LIMITED, ASX LIMITED – ASX ASX, GATEWAY LIFESTYLE – ASX GTY, ADAIRS LIMITED – ASX ADH, QMS MEDIA LIMITED – ASX QMS, LINK MARKET SERVICES LIMITED, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, SHRIRO HOLDINGS LIMITED – ASX SHM, DONGFANG MODERN AGRICULTURAL HOLDING GROUP LIMITED – ASX DFM, MITULA GROUP LIMITED – ASX MUA, ARGO GLOBAL LISTED INFRASTUCTURE LIMITED – ASX ALI, INDIA FUND LIMITED – ASX INF, GARDA DIVERSIFIED PROPERTY FUND – ASX GDF, HOLLARD INSURANCE GROUP, UBS HOLDINGS PTY LTD, STANDARD AND POOR’S ASX 200 INDEX, COSTA GROUP OF COMPANIES PTY LTD, SMALLCO INVESTMENT MANAGER LIMITED, CARTER HOLT HARVEY LIMITED, PEPPER HOMELOANS PTY LTD, WISETECH GLOBAL PTY LTD

Profit from ageing and property booms

roymorgansocial 1 Comment

Original article by Rose Powell
The Australian Financial Review – Page: 28 : 9-Jun-15

Gateway Lifestyle is scheduled to debut on the Australian sharemarket on 11 June 2015, following a $A381m IPO. The group specialises in developing housing estates that feature manufactured homes, with retirees as its primary target market. Residents buy their home outright but rent the land on which the property sits.

CORPORATES
GATEWAY LIFESTYLE – ASX GTY, MACQUARIE CAPITAL PTY LTD, UBS HOLDINGS PTY LTD, TASMAN LIFESTYLE

US breast rebuilding venture AirXpanders to float on ASX

roymorgansocial Leave a comment

Original article by Sally Rose
The Australian Financial Review – Page: 22 : 25-May-15

US-based AirXpanders hopes to raise $A31.9m in an Australian IPO by issuing CHESS Depository Interests at $A0.50 apiece. Proceeds of the IPO will be used to finance the commercialisation of its Aeroform medical technology for women who elect to undergo breast reconstruction surgery following a mastectomy. The technology has been approved for use in Australia and Europe.

CORPORATES
AIRXPANDERS INCORPORATED – ASX AXP, CANACCORD GENUITY (AUSTRALIA) LIMITED, GBS VENTURE PARTNERS LIMITED

Medical cannabis start-up set to raise capital through ASX listing

roymorgansocial Leave a comment

Original article by Sally Rose
The Australian Financial Review – Page: 23 : 18-May-15

MGC Global is seeking up to $A3m in an Australian IPO, and it will have a market capitalisation of about $A9.5m if the offer is fully subscribed. Israel-based MGC has proposed a backdoor listing via gold explorer Erin Resources, and it aims to commence the production of cannabinoid resin. Several other medical marijuana companies have previously listed on the Australian sharemarket.

CORPORATES
ERIN RESOURCES LIMITED – ASX ERI, MGC GLOBAL, PHYTOTECH MEDICAL LIMITED – ASX PYL, VERONA CAPITAL PTY LTD, CANN PHARMACEUTICALS

Beston IPO to follow lobster, dairy stakes

roymorgansocial Leave a comment

Original article by Simon Evans
The Australian Financial Review – Page: 20 : 9-Apr-15

Former WorleyParsons executive Sean Ebert has become CEO of Beston Global Food Company ahead of its proposed Australian sharemarket float in July 2015. Beston has also appointed GrainCorp chairman Don Taylor and formers Santos chairman Stephen Gerlach to its board. Meanwhile, it has acquired stakes in live lobster exporter Ferguson Australia and biodynamic dairy firm B.-d. Paris Creek

CORPORATES
BESTON GLOBAL FOOD COMPANY LIMITED, FERGUSON AUSTRALIA PTY LTD, B D FARM PARIS CREEK PTY LTD, GRAINCORP LIMITED – ASX GNC, WORLEYPARSONS LIMITED – ASX WOR, IOOF HOLDINGS LIMITED – ASX IFL, BELL POTTER SECURITIES LIMITED, WOOLWORTHS LIMITED – ASX WOW, COLES SUPERMARKETS AUSTRALIA PTY LTD, INDEPENDENT GROCERS OF AUSTRALIA, BESTON WINE INDUSTRY TRUST, CHALLENGER LIMITED – ASX CGF

MYOB owner dismisses criticism from Xero

roymorgansocial Leave a comment

Original article by Shaun Drummond, Sarah Thompson
The Australian Financial Review – Page: 11 & 17 : 1-Apr-15

US-based private equity firm Bain Capital will retain a controlling stake in MYOB when the software group debuts on the Australian sharemarket on 4 May 2015. The IPO is seeking to raise about $A830m, and shares in MYOB will be priced between $A3 and $A4 apiece. Rival accounting software group Xero has questioned MYOB’s claims about the size of its customer base

CORPORATES
MYOB TECHNOLOGY PTY LTD, BAIN CAPITAL LLC, XERO LIMITED – ASX XRO, CITIGROUP PTY LTD, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, MERRILL LYNCH (AUSTRALIA) PTY LTD, UBS HOLDINGS PTY LTD, ARCHER CAPITAL PTY LTD, HARBOURVEST PARTNERS

A2 Milk shuns Asia as shares hit ASX

roymorgansocial Leave a comment

Original article by Tim Binsted
The Australian Financial Review – Page: 17 : 31-Mar-15

New Zealand-based The a2 Milk Company has built a significant market share in Australia in the last eight years. The group’s shares will debut on the Australian sharemarket on 31 March 2015, although it has not raised additional capital via the listing. CEO Geoff Babidge has outlined plans for the group to expand into the US and the UK. It will also seek to lift revenue from $NZ110.6m in 2013-14 to $NZ230m by 2015-16

CORPORATES
THE A2 MILK COMPANY LIMITED – ASX A2M, FREEDOM FOODS GROUP LIMITED – ASX FNP, PRICEWATERHOUSECOOPERS, PEPSI-COLA COMPANY, PARMALAT AUSTRALIA PTY LTD

IPO wave may not be sustainable

roymorgansocial Leave a comment

Original article by Larissa Nicholson
The Australian Financial Review – Page: 23 : 13-Mar-15

Seven companies debuted on the Australian sharemarket during the first two months of 2015. Deloitte’s Ian Turner notes that these stocks have collectively gained 23 per cent since their IPOs. The market boasted a total of 74 IPOs in 2014, which raised a combined $A26bn. Turner cautions that the IPO market may not match this performance in 2015, noting that the float market had been subdued prior to 2014

CORPORATES
DELOITTE TOUCHE TOHMATSU LIMITED, STANDARD AND POOR’S ASX 200 INDEX, APPEN LIMITED – ASX APX, MEDIBANK PRIVATE LIMITED – ASX MPL, HEALTHSCOPE LIMITED – ASX HSO

SunRice targets ASX listing for capital

roymorgansocial Leave a comment

Original article by Tim Binsted
The Australian Financial Review – Page: 29 : 5-Mar-15

SunRice Australia’s non-voting shares currently trade on the National Stock Exchange, but the group proposes to shift the B-Class shares to the ASX. Rice growers will continue to be the sole owners of voting stock should the proposal go ahead. Les Gordon, the president of the Ricegrowers Association of Australia, says growers have generally responded positively to the proposal

CORPORATES
SUNRICE AUSTRALIA PTY LTD, NATIONAL STOCK EXCHANGE OF AUSTRALIA LIMITED, ASX LIMITED – ASX ASX, MURRAY GOULBURN CO-OPERATIVE COMPANY LIMITED, FONTERRA CO-OPERATIVE GROUP LIMITED, MACQUARIE CAPITAL PTY LTD, RICEGROWERS’ ASSOCIATION OF AUSTRALIA INCORPORATED