Business Services Industry
Quality drowns in the rush to float.(Brief Article)
Australasian Business Intelligence, March, 2005 by Hall, James
Mar 23, 2005 (The Australian Financial Review - ABIX via COMTEX)
The number of floats to be launched on the Australian Stock Exchange in the 2004-05 financial year is expected to reach 200. There has been a flurry of listings so far in 2004-05, and the float activity looks set to continue. However, Tower Australia's Guy Hutchings says the new listings have not all been investment-grade. Other analysts claim that many of the floats have merely been "cash-box raisings" by listed investment companies and private equity vehicles. Companies considering a public listing in 2005 include Tattersall's, Domino's and Transpacific Industries.
Publication Date: 24 March 2005
AUSTRALIAN STOCK EXCHANGE LIMITED -
ASX ASX:
TYNDALL AUSTRALIA...
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