Next Science comes up with formula for success!

Next Science.jpg

Biofilm technology provider Next Science has made quite the entrance to the ASX today as shares began moving around 11am.

We were confident this would be a good launch and investors have reaped the rewards with initial prices hitting $1.43 vs the $1 ask.

According to the chairman, “The proceeds from the Offer will be used to expand Next Science’s product development activities, for administration costs and working capital, and to pay for the costs of the Offer.” and given wha the business is working on, we think the future is very bright for this one.

The Scorecard has been updated accordingly.

ReadyTech posts immediate 15%+ gains at open.

readytech.PNG

We were ready, the market was ready and ReadyTech Holdings (RDY) was definitely ready as shares began trade at 12pm today.

A provider of People Management software, ReadyTech already had solid financials prior to the IPO, with funds received set to accelerate growth across the board.

The market seems to have confidence in the proposal with prices peaking at $1.80 per share, almost 20% above the ask.

Keep tabs on future progress on the 2019 Scoreboard.

Poor start for Kina, no issues for Ricegrowers though.

kina petroleum.PNG

Quickly catching up on what we missed while being away and it seems that Kina investors did not have a good day at the office on Friday.

Prices are currently sitting at less than 6 cents per share, vs the 20 cent ask of the IPO.

sunrice-logo.png

No such issues for lovers of Sunrice though, with Ricegrowers Ltd class B shares kicking off this morning at over $7, peaking at $7.50 for a short period.

Kina has been added to the 2019 Scorecard, as it was a true IPO, Sunrice has not.