This article appeared in the Listed@ASX email newsletter. To subscribe to this newsletter please register with the MyASX section or visit the About MyASX page for past editions and more details.

Floats of the Month – April 2007

The month of April saw 26 companies float on the ASX with a number of them performing exceptionally well.

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:

Listing Date Code Company Name
02-Apr PXU Paperlinx SPS Trust
03-Apr SNU Southern Uranium Limited
05-Apr MAU  Magnetic Resources NL
05-Apr  BLY  Boart Longyear Limited
05-Apr INES  India Equities Fund Limited
11-Apr  MSAS MacarthurCook Asian Real Estate Securities Fund
12-Apr CES Coal Fe Resources Limited
12-Apr MSL  The Mac Services Group Limited
12-Apr ITX  ITX Group Limited
12-Apr  TWT  TWT Group Limited
13-Apr CUX  Crossland Uranium Mines Limited
16-Apr  STC Stem Cell Sciences Plc
17-Apr LST Lion Selection Limited
18-Apr  AFR  African Energy Resources (Guernsey) Limited
18-Apr KSO King Solomon Mines Limited
18-Apr TRM  Truscott Mining Corporation Limited
19-Apr  WWW  Whinnen Resources Limited
19-Apr CSV  CSG Limited
19-Apr KML  Kangaroo Metals Limited
26-Apr TUC  Territory Uranium Company Limited
26-Apr  KEY  Key Petroleum Limited
27-Apr  KAS  Kasbah Resources Limited
27-Apr JUT Jutt Holdings Limited
30-Apr  BFE Black Fire Energy Limited
30-Apr CKT  Challenger Kenedix Japan Trust

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

Copyright 2007 ASX Limited ABN 98 008 624 691. All rights reserved 2007.
Information provided is for educational purposes and does not constitute financial product advice.  You should obtain independent advice from an Australian financial services licensee before making any financial decisions.  Although ASX Limited ABN 98 008 624 691 and its related bodies corporate (“ASX”) has made every effort to ensure the accuracy of the information as at the date of publication, ASX does not give any warranty or representation as to the accuracy, reliability or completeness of the information.  To the extent permitted by law, ASX and its employees, officers and contractors shall not be liable for any loss or damage arising in any way (including by way of negligence) from or in connection with any information provided or omitted or from any one acting or refraining to act in reliance on this information. This document is not a substitute for the Operating Rules of the relevant ASX entity and in the case of any inconsistency, the Operating Rules prevail.