GoodMan Fielder IPO
I just received the prospectus documents for Goodman Fielder, which will list in both the New Zealand and Australian markets from late december.
my first thought is that this is a HUGE new listing...market cap will be at least $2.5 Billion dollars.
the prospectus is also the biggest I have seen...260 pages...most if it worthless as is the case with most prospectus documents I have seen. :-)
Because of the size of the company, they want to get as many mum and dad investors as possible...the offer has been advertised widely. and of course many fund managers and institutions will have no option but to add it to their portfolios.
my personal view is that this could be worth a quick 5% to 10% gain, and that 30% to 40% is achievable in 2 or 3 years.
so this is not one to suddenly make you rich, but should do better than money in the bank.
my first thought is that this is a HUGE new listing...market cap will be at least $2.5 Billion dollars.
the prospectus is also the biggest I have seen...260 pages...most if it worthless as is the case with most prospectus documents I have seen. :-)
Because of the size of the company, they want to get as many mum and dad investors as possible...the offer has been advertised widely. and of course many fund managers and institutions will have no option but to add it to their portfolios.
my personal view is that this could be worth a quick 5% to 10% gain, and that 30% to 40% is achievable in 2 or 3 years.
so this is not one to suddenly make you rich, but should do better than money in the bank.
posted at: 8:56 pm
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