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Wraps: ASX IPO

The Initial Public Offering is always a favourite sector of the market for readers and investors, as brand new public companies seek a wider investment audience with a listing on the ASX.

The Proactive Investors IPO Wrap brings to the market the latest news.

ASX IPO's outperform; Pura Vida Energy, Highfield Resources, Sunbird Energy, Discovery Resources

Saturday, February 18, 2012 by John Phillips

To IPO or not IPO? This is a question asked by many seeking the public route in Australia in the current turbulent times. Around 15 companies have made the journey in the last three months - Proactive Investors is here with the performance review.

The questions is; To IPO or not IPO?

This is a question asked by many seeking the public route in Australia in the current turbulent times. Around 15 companies have made the journey in the last three months - Proactive Investors is here with the performance review.

The fifteen IPO's below from the last few months are ranked from biggest share performance gainer compared to IPO entry price - right down to the company which has not yet sparked investor interest.

If you average out the market change of the 15 IPO's in question - a very interest result emerges - with a less than one per cent decline across the board.

This poses the interesting question for so many board's pulling their companies from becoming public due to the uncertainty of markets.

Why? The results below highlight the market isn't that bad. Perhaps they don't have the confidence in their company then.

As Pura Vida Energy, Highfield Resources and Sunbird Energy show, if you have strong credentials with a strategic focus that the market is interested - then you can outperform the market.

Pura Vida Energy (ASX: PVD)

IPO Date: February 2012
IPO Price: $0.20
Latest: $0.23
Change: 15% gain

Performance ranking: Equal first

Pura Vida Energy has joined the ranks of oil and gas companies targeting the highly-prospective frontier region off Morocco with its billion-barrel potential Mazagan area located off Morocco.

Highfield Resources (ASX: HFR)

IPO Date: February 2012
IPO Price: $0.20
Latest: $0.23
Change: 15% gain

Performance ranking: Equal first

Highfield Resources (ASX: HFR) has secured an agreement to explore three Western Australian tenements for potash. Importantly - potash has already been identified in a petroleum well previously drilled.

Sunbird Energy (ASX: SNY)

Performance ranking: Equal first

IPO Date: January 2012
IPO Price: $0.20
Latest: $0.23
Change: 15% gain

Sunbird Energy (ASX: SNY) is focused on CBM projects in southern Africa, which include the prospective coal areas of Kasane in Botswana and Mopane, Springbok Flats, Ermelo and Somkhele in South Africa.

Discovery Resources (ASX: DIS)

Performance ranking: Equal fourth

IPO Date: December 2011
IPO Price: $0.20
Latest: $0.21
Change: 5% gain

Discovery Resources is targeting rare earth elements in Namibia, where the company has a significant 290,000 square kilometre exploration footprint.

Precious Metal Resources (ASX: PMR)

Performance ranking: Equal fourth

IPO Date: December 2011
IPO Price: $0.20
Latest: $0.21
Change: 5% gain

Precious Metal Resources is targeting volcanic massive sulphide deposits in New South Wales, and has some very interesting projects, which includes granted tenements located at Halls Peak.

FeOre (ASX: FEO)

Performance ranking: Sixth

IPO Date: December 2011
IPO Price: $0.25
Latest: $0.26
Change: 4% gain

FeOre is a Mongolia focused explorer and developer with its major assets including the 108.7 million tonne Ereeny Iron Ore Project, located 60 kilometres from the major trans Mongolian railway line between Russia and China.

Kumarina Resources (ASX: KMR)

Performance ranking: Equal seventh

IPO Date: December 2011
IPO Price: $0.25
Latest: $0.25
Change: flat

Kumarina Resources is exploring for precious and base metals at several projects in Western Australia, and has already acquired the Ilgarari Project, which is located in the Southern Pilbara region

Cohiba Minerals (ASX: CHK)

Performance ranking: Equal seventh

IPO Date: February 2012
IPO Price: $0.20
Latest: $0.20
Change: flat

Cohiba Minerals is exploring for minerals (excluding iron ore) in the Mid West region of Western Australia, as part of a farm-in to the Santy Well Project.

Bligh Resources (ASX: BGH)

Performance ranking: Equal ninth

IPO Date: December 2011
IPO Price: $0.25
Latest: $0.22
Change: 3% fall

Goldphyre Resources (ASX: GPH)

Performance ranking: Equal ninth

IPO Date: December 2011
IPO Price: $0.20
Latest: $0.195
Change: 3% fall

Goldphyre Resources is exploring for gold in the Leonora/Laverton and Higginsville regions of Western Australia. It has acquired nine granted tenements over four projects, which are considered prospective and underexplored.

Taruga Gold (ASX: TAR)

IPO Date: February 2012
IPO Price: $0.20
Latest: $0.19
Change: 5% fall

Performance ranking: Eleventh

Taruga Gold has its eye on gold in one of the world’s great gold districts, West Africa.

RXP Services (ASX: RXP)

Performance ranking: Twelfth

IPO Date: December 2011
IPO Price: $0.5
Latest: $0.46
Change: 8% fall

RXP Services is focused management consulting and delivery services company in the field of information and communications technology.

Cassini Resources (ASX: CZI)

Performance ranking: Thirteenth

IPO Date: January 2012
IPO Price: $0.20
Latest: $0.175
Change: 13% fall

Cassini Resources is focused on exploration across 14 tenements in Western Australia considered prospective for gold, nickel, copper, platinum group elements and base metals.

Red Gum Resources (ASX: RGX)

Performance ranking: Fourteenth

IPO Date: January 2012
IPO Price: $0.20
Latest: $0.17
Change: 15% fall

Red Gum Resources is focused on multi-commodity projects in the zinc, lead and silver space, with interests in Chile and Peru.

Titan Energy Services (ASX: TTN)

Performance ranking: Fifteenth

IPO Date: December 2011
IPO Price: $1
Latest: $0.80
Change: 20% fall

Titan Energy Services (ASX: TTN) is an oil and gas field services business and is currently focussed on accommodation services, drilling transport and logistics, and equipment hire to the coal seam gas sector in eastern Australia.

If you liked this article, or would like more IPO features, let the author know; john@proactiveinvestors.com.au

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