SHAREMARKET FLOATS – AUSTRALIA

Business as usual at Medibank: MD

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Original article by Joanna Mather
The Australian Financial Review – Page: 10 : 1-Sep-14

The Australian Government’s Medibank Private IPO will proceed in December 2014 and is expected to be worth up to $A4bn. Finance Minister Mathias Cormann notes that an independent scoping study concluded that premiums are unlikely to increase when Medibank is privatised. Medibank CEO George Savvides has assured members that the quality of service will not be affected by the privatisation

CORPORATES
MEDIBANK PRIVATE LIMITED, AUSTRALIA. DEPT OF FINANCE, AUSTRALIAN DENTAL ASSOCIATION INCORPORATED

Escrow test ahead for ASX debutants

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Original article by Vesna Poljak, Philip Baker
The Australian Financial Review – Page: 15 & 20 : 26-Aug-14

Investors in companies that listed in late 2013 and early 2014 will be able to sell stock from late August 2014. Shares worth nearly $A3 billion will come out of escrow. Veda Group revealed that shares valued at $A1.1 billion will be released from escrow on 27 August. Geminder Holdings said that it will not sell down its stake in Pact Group when about $A465 million of shares come out of escrow on the same day

CORPORATES
VEDA GROUP LIMITED – ASX VED, PACT GROUP HOLDINGS LIMITED – ASX PGH, GEMINDER HOLDINGS PTY LTD, PERPETUAL LIMITED – ASX PPT, PACIFIC EQUITY PARTNERS PTY LTD, DICK SMITH HOLDINGS LIMITED – ASX DSH, ANCHORAGE CAPITAL PARTNERS PTY LTD, WOOLWORTHS LIMITED – ASX WOW, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, APOLLO GLOBAL MANAGEMENT LLC, OAKTREE CAPITAL MANAGEMENT LLC, OZFOREX GROUP LIMITED – ASX OFX, MYER HOLDINGS LIMITED – ASX MYR, MEDIBANK PRIVATE LIMITED, HEALTHSCOPE LIMITED – ASX HSO, ESTIA HEALTH PTY LTD, RETIRE AUSTRALIA PTY LTD, HOYTS CINEMAS LIMITED, OOH!MEDIA PTY LTD, APN OUTDOOR PTY LTD

Debutantes on parade as company profit season winds down

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Original article by Sally Rose, Jonathan Shapiro
The Australian Financial Review – Page: 15 & 20 : 25-Aug-14

A number of companies that listed on the Australian sharemarket in the last year will shortly release their maiden full-year results as listed companies. These include Virtus Health, Spotless Group and Nine Entertainment Group. Meanwhile, Tanya Branwhite of Macquarie Group notes that increased dividends have been a key feature of the August 2014 reporting season

CORPORATES
VIRTUS HEALTH LIMITED – ASX VRT, SPOTLESS GROUP HOLDINGS LIMITED – ASX SPO, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, MACQUARIE GROUP LIMITED – ASX MQG, PERPETUAL INVESTMENTS, PERPETUAL LIMITED – ASX PPT, CIMB SECURITIES INTERNATIONAL (AUSTRALIA) PTY LTD, RESERVE BANK OF AUSTRALIA, NAVITAS LIMITED – ASX NVT, G8 EDUCATION LIMITED – ASX GEM, AURIZON HOLDINGS LIMITED – ASX AZJ, WOOLWORTHS LIMITED – ASX WOW, TELSTRA CORPORATION LIMITED – ASX TLS, WESFARMERS LIMITED – ASX WES, HARVEY NORMAN HOLDINGS LIMITED – ASX HVN, DICK SMITH HOLDINGS LIMITED – ASX DSH, MONADELPHOUS GROUP LIMITED – ASX MND, BRADKEN LIMITED – ASX BKN, DOWNER EDI LIMITED – ASX DOW, WORLEYPARSONS LIMITED – ASX WOR, UGL LIMITED – ASX UGL, TRANSFIELD SERVICES LIMITED – ASX TSE, MONASH IVF GROUP LIMITED – ASX MVF, VEDA GROUP LIMITED – ASX VED, JAPARA HEALTHCARE LIMITED – ASX JHC, ISELECT LIMITED – ASX ISU, ISENTIA GROUP LIMITED – ASX ISD, CITIGROUP PTY LTD

Hoyts Group plans roadshow to market $900m float

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Original article by Sarah Thompson, Jake Mitchell, Anthony Macdonald
The Australian Financial Review – Page: 36 : 18-Aug-14

Pacific Equity Partners will undertake an overseas roadshow to promote the proposed sharemarket float of Hoyts Group. The private equity firm paid $A440m for the cinema group in late 2007, and the IPO is expected to be worth between $A800m and $A900m. Hoyts operates 44 cinema complexes, while it also owns a DVD distribution business and the Val Morgan cinema advertising business

CORPORATES
HOYTS CINEMAS LIMITED, PACIFIC EQUITY PARTNERS PTY LTD, VAL MORGAN AND COMPANY (AUSTRALIA) PTY LTD, UBS HOLDINGS PTY LTD, MACQUARIE GROUP LIMITED – ASX MQG, CITIGROUP PTY LTD, CINIPLEX, VILLAGE ROADSHOW LIMITED – ASX VRL, AMALGAMATED HOLDINGS LIMITED – ASX AHD, DALIAN WANDA GROUP COMPANY LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, FOXTEL MANAGEMENT PTY LTD

$3.6b float boosts share confidence

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Original article by Jessica Gardner
The Australian Financial Review – Page: 15 & 20 : 29-Jul-14

Healthscope’s stock closed $A0.11 higher at $A2.21 on 28 July 2014, after dipping to $A2.09 early in its debut trading session The stock was issued at $A2.10 in a $A3.6bn IPO. Private equity firms TPG Capital and The Carlyle Group will retain their 38 per cent stake until Healthscope releases its financial results for fiscal 2015. The two firms had paid $A2.7bn for the private hospitals operator in 2010

CORPORATES
HEALTHSCOPE LIMITED – ASX HSO, TPG CAPITAL LP, THE CARLYLE GROUP, AURIZON HOLDINGS LIMITED – ASX AZJ, MEDIBANK PRIVATE LIMITED, STANDARD AND POOR’S ASX 200 INDEX, RAMSAY HEALTH CARE LIMITED – ASX RHC

Healthscope price splits fund managers

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Original article by Jemima Whyte
The Australian Financial Review – Page: 13 : 21-Jul-14

Shares in Healthscope will be priced within the range of $A1.76 and $A2.29 apiece in an IPO that will be worth around $A2.5bn. The company is being floated by TPG Capital and The Carlyle Group, but Anton Tagliaferro of Investors Mutual says investors should be cautious about IPOs that are backed by private equity firms. He believes that Healthscope’s shares are overvalued and says Investors Mutual will not be buying stock in the float

CORPORATES
HEALTHSCOPE LIMITED – ASX HSO, INVESTORS MUTUAL LIMITED, TPG CAPITAL LP, THE CARLYLE GROUP, EQUITY TRUSTEES LIMITED – ASX EQT, PENGANA CAPITAL LIMITED, RAMSAY HEALTH CARE LIMITED – ASX RHC

Investors weary from IPO oversupply

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Original article by Vanessa Desloires
The Australian Financial Review – Page: 26 : 17-Jul-14

Monash IVF, Mantra Group and 3P Learning are among the Australian stocks that have underperformed since their sharemarket float in recent months. Simon Conn of Investors Mutual attributes this to factors such as the high level of IPO activity and the fact that many of these floats are businesses that have been sold by private equity groups. However, Gary Nicholson of Ernst & Young rejects suggestions of "deal fatigue" among investors

CORPORATES
MONASH IVF GROUP LIMITED – ASX MVF, MANTRA GROUP LIMITED – ASX MTR, 3P LEARNING LIMITED – ASX 3PL, SMARTGROUP CORPORATION LIMITED – ASX SIQ, ASALEO CARE LIMITED – ASX AHY, INVESTORS MUTUAL LIMITED, ERNST AND YOUNG, PENGANA EMERGING COMPANIES FUND, OC FUNDS MANAGEMENT

3P Learning flunks first day on ASX – down 14pc

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Original article by Paul Smith, Sally Rose
The Australian Financial Review – Page: 21 & 26 : 10-Jul-14

The initial public offering of 3P Learning on 9 July 2014 was a disappointment. Stock in the Mathletics and Reading Eggs educational software provider had been issued at $A2.50, but opened at $A2.39 before closing at just $A2.15. The 14% drop compared with one of 1.1% for the S&P/ASX 200 Index for the day. The float had been the second-largest ever in the Australian technology sector, and the eighth-largest overall for calendar 2014 so far. CEO Tim Power says 3P will concentrate on further expansion and innovation rather than the ups and downs of its share price

CORPORATES
3P LEARNING LIMITED – ASX 3PL, FREELANCER LIMITED – ASX FLN, XERO LIMITED – ASX XRO, ASX LIMITED – ASX ASX, PACT GROUP HOLDINGS LIMITED – ASX PGH, GDI PROPERTY GROUP – ASX GDI, COVER-MORE GROUP LIMITED – ASX CVO, NINE ENTERTAINMENT COMPANY HOLDINGS LIMITED – ASX NEC, DEALOGIC (AUSTRALIA) PTY LTD, STANDARD AND POOR’S ASX 200 INDEX, HYPERION ASSET MANAGEMENT LIMITED

Food for thought in growing appetite for Bellamy’s Organic

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Original article by Sally Rose
The Australian Financial Review – Page: 27 : 7-Jul-14

Infant formula and baby food maker Bellamy’s Organic plans to raise $A25 million before it lists on 23 July 2014. The company, which will have a market capitalisation of $A95 million, is based in Launceston in Tasmania. Its 30 products are completely Australian and organic. Annual revenue has grown by an average of 55 per cent over four years. Bellamy’s supplies some large Australian retailers and some supermarkets in New Zealand and Asia. It sees China as a promising market

CORPORATES
BELLAMY’S AUSTRALIA LIMITED – ASX BAL, BELLAMY’S ORGANIC PTY LTD, COLES GROUP LIMITED, WESFARMERS LIMITED – ASX WES, WOOLWORTHS LIMITED – ASX WOW, CHEMIST WAREHOUSE, COSTCO WHOLESALE AUSTRALIA PTY LTD, BIG W DISCOUNT STORES, NESTLE AUSTRALIA LIMITED, QUF INDUSTRIES LIMITED, WILSON HTM INVESTMENT GROUP LIMITED – ASX WIG, KATHMANDU HOLDINGS LIMITED – ASX KMD, ELLERSTON CAPITAL PTY LTD, WILSON ASSET MANAGEMENT, SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED, THORNEY INVESTMENTS PTY LTD, KARARA CAPITAL LIMITED, STANDARD AND POOR’S ASX ALL ORDINARIES INDEX, BEGA CHEESE LIMITED – ASX BGA

Former Toyota chief to float car radio app firm

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Original article by Simon Evans
The Australian Financial Review – Page: 21 : 2-Jul-14

Connexion Media aims to raise between $A3 million and $A6 million, before listing on 24 July 2014. The company owns the Miroamer internet radio application, one of two selected by General Motors for use in web-enabled vehicles in Europe and the US. Former Toyota Australia chairman John Conomos will become chairman of the Connexion. He said that car component makers need to become part of the global supply chains of the major automobile makers

CORPORATES
CONNEXION MEDIA LIMITED – ASX CXZ, TOYOTA MOTOR CORPORATION AUSTRALIA LIMITED, GM HOLDEN LIMITED, GENERAL MOTORS CORPORATION, FORD MOTOR COMPANY AUSTRALIA LIMITED, AUSTRALIAN SECURITIES AND INVESTMENTS COMMISSION, PHILLIP CAPITAL LIMITED, TELSTRA CORPORATION LIMITED – ASX TLS