|Brainy's Share Market Toolbox|
An arsenal of weapons to help you tackle the share market.
|Monthly Share Market eNews email update|
IPOs - are they worth a look?
|eNews + eBook Articles Update ||#57 - November 2013|
This month's Share Market eNews email
is going to all of our subscribing Share Market Toolbox
Members as normal, and to the non-Members who have expressed an interest in receiving it.
IPOs - Are they really worth looking at?
Or are they capital killers?
are more and more news stories now about the flood of Initial Public
Offerings (IPO) that are coming to the market. We seem to be at that
point in the economic cycle where companies are feeling like it is the
right time to come to the market and look for some cash. But are they
worth it? Should retail investors invest their hard earned cash in IPOs?
In reality it might not be a good idea at all. See more details below.
Over the last two months I wrote some materials on the topic of exit strategies -
one that is hardly discussed, but very deserving of more discussion. I
was planning to expand further on this topic in December, but it might
have to wait until January because the topic of the infamous Santa Rally
is again raising it's head. I commented on this phenomenon over the
last couple of years and I need to put that material into the public
arena for easy reference.
Any non-member who no
longer wants to receive this material on a regular basis can simply
unsubscribe from ALL topics using the SafeUnsubscribe link at the bottom
- or just Update Your Profile
to change your interests
: Toolbox Members and BullCharts mailing list members should not unsubscribe, as it will remove you from all my mail lists.) Please
remember, anything mentioned here, and in the referred eBook Articles,
is for general education only, and is not advice of any sort.
Please read on....
About the eNews emails...
Just a short note to the recently new Toolbox Members:- These share market eNews emails
always go to Toolbox Members (a part of the Toolbox service), and to
the people who have registered to receive occasional information about
the Share Market. This is a monthly email with some pointers and tips
on focused topics - see a quick intro to the eNews emails
. They often include references to specific eBook Articles
in my Share Market Toolbox
, as well as key web pages in the free area of the Toolbox (eg. on the extensive Share Market web page
I have been writing the eBook Articles since October 2008 - that's
more than four years, and these eNews emails help you to navigate to
related and useful information each month.
|This month's focus:
Initial Public Offerings (IPO)
Public Offerings, or share market floats, call them what you want. Are
they really worthy of consideration by the average retail investor? Or
is your money better off somewhere else? You might be surprised at how
often an IPO flops.
research by academics over the years has shown a few problems with
share market floats, including general but severe under performance.
Robert, please read on...
Recent monthly focus topics
Since starting this new format for the monthly eNews email in December 2010, I have accumulated many topic-specific discussions. Refer to the latest detailed list of topics in the eNews email archive in the Toolbox.
Robert is always very happy to receive feedback about the Toolbox, and the articles and weapons therein.
Please feel free to contact Robert by email or phone.
Price charts summarise the underlying opinions
and emotions of the market participants.
Every chart tells a story. It's helpful to
understand the stories in the price charts.
IPOs - Are they worth investing in? or is our money better off elsewhere?
In this month's focus on IPOs I have posted a new web page:
one new web page doesn't seem like much, but it took days of research,
and resulted in more than twelve high profile examples of IPOs from over
the years, with 36 supporting price charts - some of which show the
huge early-day profits that can occasionally be made, and with many
showing the disappointing long-term performance of the company in the
months and years after the float.
companies featured include: Twitter, Freelancer, Sealink Travel,
OzForex, iSelect, Xero, QR National, Facebook, Myer, BrisConnections,
Asciano, Boart Longyear and Telstra (three floats). Some of these are
technology companies, and interestingly, some of the more successful
floats these days are in tomorrow's industries (such as technology).
This reiterates what Nicolas Darvas wrote about investing in his
infamous book "How I Made $2,000,000 in the Stock Market". He discovered that success was more likely when investing in new generation companies in new industries. Toolbox Members can refer to my eBook Article ST-6440 for introductory information.
Don't forget to see the updated Table of Contents pages for all articles (see links in the side-bar at right). There
are now a total of 134 Articles in this collection of eBook Articles - a
whopping total of 613 pages of information! You can see the Table of Contents for all eBook Articles here (recently new or updated ones are highlighted), and the Master Toolbox Index here.
eBook (PDF) Articles - Summary
Since October 2008 I have accumulated quite a collection of eBook (PDF) Articles
on three subject areas - Share Trading/Investing, Technical Analysis
and BullCharts software (actually more than 550 pages of material
in more than 125 articles). These Articles are invaluable for both new
and experienced investors and traders. I am now writing brief monthly
notes in this eNews email to highlight specific Articles on targeted
topics. I am also writing new Articles and updating existing ones as
required. For more information please see:
Article front pages
For any new readers of my Toolbox eBook Articles, there are some useful introductory Articles including an Introduction and an Overview Article for each of the three subject areas. You can see them here:
What if you have some
sort of problem with accessing the Toolbox and any of these Articles? Or
maybe the Username and Password doesn't work. If there is any problem
at all, simply contact me by email or phone. The best email address for
this is: email@example.com
Occasionally emails disappear - the system thinks they are spam, or the
ISP might think they are spam. If I don't reply within a day or so,
please contact me by either email address or phone
is nothing secret in this email, so feel free to forward it to someone
if you think they might benefit from the information, or from being a
Toolbox Member. The easiest way to do this is to use the "Forward Email"
link at the bottom.
am also confident that my Toolbox Members won't be sharing their
username and password with non-members. It is not fair that I spend all
this time preparing the materials, and then my Toolbox Members pay money
to have legitimate access, only to let some people pay nothing to read
and view the details.
feel free to email an individual Article to others as a sample; but if
they want online access to all the materials, it is pretty cheap, so
they should subscribe as a Toolbox Member. There is information about Toolbox Membership in the Quick Links section at right.
Always happy to receive feedback, or suggestions for new content or improvements.
Until next month,
happy investing or trading,
Robert B. Brain
(mobile: 0438 355 910)
ps: watch out for the sharks in the ocean!