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25 ASX IPOs in September: Ballymore Resources, Copper Search, ActivePort & more! - YouTube
Channel: Kalkine Media
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Hello everyone! This is Rachael, live
from Kalkine Studio. And you’re watching ‘The IPO
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Corner’- a show that brings you the emerging
trends driving the market momentum and
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related stocks under the spotlight. In today’s
show, we’ll be looking at hot initial
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public offerings which are expected
to list on the Australian Securities Exchange over
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the next few weeks. So lets get started.
The Australian IPO market has gained
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momentum in recent months with a long
list of companies making their debut
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on the ASX. There were a number
of companies scheduled to go public this August, most of
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which are already there, trading on the ASX. In
the middle of the month gold miner Gold
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50 and iron ore mining firm Pantera Minerals were listed
on the domestic exchange. Olive oil producer Cobram Estate
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Olives made its debut last week, their shares
opened at $1.87 and are now currently trading
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at $2.11. Other new floats were Cannon
Resources, Queensland based exploration
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and development company, Ballymore Resources,
radiopharmaceutical company Clarity Pharmaceuticals, Chilean
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copper explorer Culpeo Minerals as well
as local gold miner Koonenberry Gold. 25
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companies are set to float in the month of
September. Let us look at the details for
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few of these companies.
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Ballymore Resources is set to float on the
last day of this month the 31st of August.
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They are a Queensland based exploration
and development company. The Company is
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focused on applying modern exploration methods
and development. They are hoping to raise
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$7 million at an issue price of 20 cents. They
have major tenement holdings in prolific
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mining provinces with a strong portfolio
of gold, silver, copper, lead and zinc
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targets located within or adjacent to historic
working. They have drill ready targets to
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test high priority areas. Minerals Exploration
company Copper Search is set to list on the 9th
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of September and looked to raise $12 million
at 35 cents per share. Its ticker code
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will be CUS. Copper Search is targeting
world class copper-gold deposits within the Gawler Craton
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of South Australia. They have more than
6,000 square kilometres of exploration
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acreage located in the highly prospective area.
South Australia is a Tier One location for
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mining investment. All tenements are 100%
owned, no joint ventures or royalties, other
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than statutory. Copper fundamentals as a key
“forward facing” metal are excellent.
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A multi-year period of increasing demand and
supply deficits are forecast. Existing Gawler Craton
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mines contains around 100 million tonnes of
copper and over 110 million ounces of gold.
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There are three deposits. Another deposit
called Oak Dam West is pre-resource. The
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IPO is managed by Amicaa Advisors and
ACNS Capital Market. Telecom software company ActivePort is in
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the final stages of their IPO, which will
close on September 6th. The company set to
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list on the ASX on September the 27th.
The company will trade under the code ATV. So
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far, for its initial public offering the company
has raised $10 million and they are aiming
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to raise an extra $5 million. Under the
raise, investors will be able to purchase
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shares at 20 cents each. They use software-defined
networking tool and SD-WAN help to facilitate
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global connectivity. They recently signed
a deal with PCCW Global - they are a
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Hong Kong-based information and communications
technology company. The company is the majority
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owner of telecommunications company HKT Limited, and
also holds a majority interest in Pacific
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Century Premium Developments. ActivePort has
also made developments into countries
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like Brazil, Indonesia, Thailand and Kenya. Under
the raise, investors will be able to purchase
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shares at 20 cents each. Clarity Pharmaceuticals is
expected to start trading on the domestic
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exchange today. They are a clinical stage
radiopharmaceutical company developing next
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generation theragnostic, that is therapy
and imaging products, based on its platform
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SAR Technology. Their issue price is $1.40, and
they hope to raise $92 million. Gold explorer Koonenberry Gold is
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set to be listed on the ASX on the 30th August
2021. They are looking to raise $10 million
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at an issue price of 20 cents. Their ticker
code will be KNB. /To invest in an IPO,
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you'll typically need to be registered with
a participating broker or lead manager. This
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can be tricky for regular investors because
only a few firms are allocated IPO stock and
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they're most often full-service brokers. Analysing a
newly listed company for investment purposes
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requires a different skillset than analysing a
company with a long history. Therefore, investors
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must do their own due diligence before investing
in an IPO and seek the help of their financial
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advisors to properly understand the associated
risks and potential reward.
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Well, that’s all from the IPO corner for
today, I hope you have found this useful.
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We will be back next Wednesday with IPO Corner
again. But for now, stay tuned to Kalkine TV
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for more news on the economy and markets, I’m Rachael
signing off for now.
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