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WaySolid
30th-August-2004, 07:35 PM
Anyone else been noticing the recent impressive floats on the ASX?

The following is taken from the investsmart newsletter.

Recent Float
Company Name: Jumbuck Entertainment Limited (JMB)
Industry Sector: Retail
Float Date: 27th Aug 2004
Issue Price: $0.20
First Day Open: $0.27
First Day High: $0.32
First Day Low: $0.27
First Day Close: $0.32
Volume: 125,868
Notes: Jumbuck Entertainment Limited ("Jumbuck") specialises in the development and marketing of wireless entertainment and communication applications aimed at the youth and consumer markets

Recent Float
Company Name: SomnoMed Limited (SOM)
Industry Sector: Healthcare and Biotechnology
Float Date: 27th Aug 2004
Issue Price: $0.30
First Day Open: $0.40
First Day High: $0.49
First Day Low: $0.40
First Day Close: $0.46
Volume: 4,436,481
Notes: SomnoMed Limited owns all the intellectual property and patents associated with the SomnoMed MAS (mandibular advancement splint), an oral appliance effective in the treatment of obstructive sleep apnoea ("OSA") and snoring. The SomnoMed MAS has a number of unique and patented features. It allows unrestricted opening of the mouth, which provides superior comfort when compared to other MAS devices.

Recent Float
Company Name: Bluestone Tin Limited (BTX)
Industry Sector: Other Metals
Float Date: 26th Aug 2004
Issue Price: $0.25
First Day Open: $0.43
First Day High: $0.52
First Day Low: $0.42
First Day Close: $0.52
Volume: 5,989,352
Notes: Bluestone Nominees Pty Limited, a subsidiary of Bluestone Tin Ltd, acquired the Collingwood Tin Project in Far North Queensland some 4 years ago and has continued to progress the project to a point where the project is development ready. In addition, Bluestone Mines Tasmania Pty Ltd, also a subsidary of the Company, owns the Renison Bell Tin Mine ("Renison") in Tasmania, having acquired it in more recent times. Both of these Tin projects are planned to commence production in the next 12 months.


WaySolid

profithunter
2nd-September-2004, 10:39 AM
How do you get into these floats...can you bid for the stock by sending money directing to the company, or do you have to be a client of the underwriter to get in on the action?

kooka1956
3rd-September-2004, 11:53 PM
You normaly need to be a client of the underwriter . Ocassionaly if you apply for new shares in a float with the underwriter you will be allocated some shares but invariably those issues are the ones not commanding much interest , and minimal stag profits results . Sometimes you can be lucky,particularly when there are attaching options in a new issue. Regards, KOOKA

profithunter
6th-September-2004, 06:49 PM
Thanks kooka
I guess thats one of the advantages of using a full service broker.