Skip to main content
#
A Clear Direction
rss feedour twitterour facebook page linkdin
home
Financial Advisor Brisbane - AdviserScott Keefer - A Clear DirectionBuilding Investment PortfoliosPortfolio Management ServiceUpdated ContentContact Us - Brisbane Financial Planning
A Clear Direction Financial Planning logo

 Financial Happenings Blog 
Friday, August 04 2006

Rivercity is the latest in a string of new sharemarket floats that has been disappointing.  With an issue price of 50 cents, the stock closed 10% down on this after the first two days trade.  We tend to hear about floats that do really well, however fail to be told that many floats end up 'under water'.  Recent poor performers such as Sydney Roads and Emeco have highlighted that not all is 'blue sky' in the land of floats. 

There is a effect known as the 'losers curse' when talking about investment floats.  It means that if small investors are offered stock in a float, there is a chance this is because none of the big investors, such as institutions, want it.  For example, high profile floats like Babcock and Brown, Tattarsals and Wotif are hard to get access to for the retail investor.  However speculative biotech stocks are more likely to be available. 

Posted by: Scott Francis AT 05:48 am   |  Permalink   |  Email
 
Scott Francis' articles in the Eureka Report 
Request for Information 
If you have questions, or would like more information, please go to our Contact page and leave your name and contact information.

Plan Well, Invest Well, Live Well! Financial advice providing a clear direction

A Clear Direction Financial Planning and Portfolio Management ABN 85 147 572 870

Level 19
10 Eagle Street
Brisbane QLD Australia
Ph: (07) 3303 0269
Email: scottk@acleardirection.com.au

Authorised Representative (398444) and Credit Representative (403292) of FYG Planners Pty Ltd AFSL/ACL 224 543.

ASIC - Financial Advisers Register

All content of this website is copyright © A Clear Direction Financial Planning Pty Ltd, 2017

FYG Planners Pty Ltd & A Clear Direction Financial Planning Privacy Policy