This being the first post and all, I thought I’d take this opportunity to share some of the plans I have for this blog. First and foremost this blog is dedicated to the Australian Stock Market and in particular all of the new companies which are floating on the Australian Stock Exchange.
But What Is A Float?
In case you’re new to this game, or maybe you’re not a local, I should explain what a float is. It’s what the Americans call an IPO or Initial Public Offering. This is when a company or corporation lists on the stock exchange. It gives the public a change to buy and sell shares in the company and gives the company the opportunity to raise new capital to grow it’s business (or maybe to re-furnish the executive washroom).
So as I find out about new companies getting ready to float, I’ll write about them here. I’ll provide some of the details of the impending listing along with some of my thoughts about the business. I won’t be providing buy recommendations. I don’t want that responsibility. I’d rather just generate some discussion about some of these new companies and hopefully learn a thing or two in the process.
I should also stress that I’m not an investment professional. Although I am a keen investor, I’m not qualified to give investment advice. Just because I write about these companies, it doesn’t mean I’m recommending them. In fact in my experience, many new listings aren’t worth the effort. So make sure you get some independant professional advice before you make any investments.
