African Gold wins hearts on Valentines day.

African Gold.jpg

African Gold (A1G) has given lovers of IPOs exactly what they wanted this Valentines day, posting excellent day 1 gains as trade opened on the ASX.

Asking the requisite 20 cents, prices peaked as high as 40 cents before settling to 30 cents at close of trade, a nice gain regardless of whether you jumped out early or made the call to sit tight.

There’s nothing overly exciting planned for the proceeds of the IPO, fund some exploration, pay some bills, the usual - that’s not exactly bad news though.

We’ve updated our Scorecard so you can keep tabs moving forward but we’d love to know what your call was, bag the Stag or Hold?

Uniti sends strong initial signal at open.

uniti-wireless-logo.jpg

Fixed wireless broadband provider Uniti Wireless (UWL) created some excitement as it joined the ASX at 11am this morning, but it remains to be seen if initial enthusiasm will carry through to the afternoon and into the future.

Opening at 33 cents, 32% above the IPOs ask of 25 cents, initial sentiment looked good, but prices quickly began to decline and currently sit at just 23 cents with almost 2 million in shares having changed hands.

Uniti propose to use funds from its IPO to acquire the entire issued capital of FuzeNet Pty Ltd, a Retail Service Provider dealing in non-NBN fibre.

A place holder has been added the the 2019 Scorecard, data should begin to flow through on that shortly.

Splitit Payments delivers the goods with gains over 50%

Splitit-Logo-2-1024x1024.png

Welcome back everyone, we’ve had to wait for quite some time to see a new IPO go live this year, but we’re happy to report the wait was definitely worth it.

Commencing trade around 11am, Splitit Payments (ASX:SPT) burst onto the scene with shares currently trading at 31.5cents, well over 50% above the ask. Better still, at one point shares were swapping portfolios at 35.5c or 77.5% above the ask!

What a lovely first entry to our 2019 Scorecard, let’s hope the gains hold true for anyone keeping hold of the stock for a longer period.




Fiji Kava drops almost 40% at open.

fiji kava.PNG

In news that may not surprise many of you, Fiji Kava (FIJ) has posting very disappointing results as it joined the ASX At 11am this morning.

Currently sitting around 12.5 cents, down from 20 cents, investors saw almost 40% wiped off the share price as everyone looked to offload, making this 2018s worst performing IPO.

We opted to avoid this one and signs are not great for a big bounce back, but if you bought in and are opting to sit tight for now, we’d love to hear what you think.