Floats of the Month – April 2007

With 58 per cent of the new listings from the Resources sector, it is not surprising that all the constituents of the list of best performers in the month of April were also from the Resources sector.

The leading performance was by Uranium explorer, Whinnen Resources Limited (WWW).  Whinnen Resources Limited’s listing took place on 19 April with an issue price of 20 cents. Whinnen Resources opened at 63 cents and closed at an astounding 295 per cent above its issue price at 79 cents. Whinnen Resources closing price at the end of the month had fallen slightly to 73 cents, however in May it has continued to perform well and on the 18 May closed at $1.10, 450 per cent above its issue price.

Other notable performers during the month were also from the Resources sector:

• Territory Uranium Company Limited (TUC) which was 208 per cent up on its issue price,
• African Energy Resources (Guernsey) Limited (AFR) which was 110 per cent up on it issue price,
• Crossland Uranium Mines Limited (CUX) which was 98 per cent up on its issue price,
• Coal Fe Resources Limited (CES) which was 95 per cent up on its issue price and
• Southern Uranium Limited (SNU) which was 90 per cent up on its issue price at month end.

The month of April also saw the listing of one of the world’s leading service provider and product supplier for the minerals industry - Boart Longyear Limited (BLY) whose market capitalisation upon listing was over $2.7 billion. This was the largest IPO (by value raised) on ASX since December 2005.

Companies added to the ASX official list during April include:

The 26 additions to the ASX official list in April resulted in the total number of ASX listed entities reaching 2,047.

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