Forum Archive Index - August 2000

["Philip Robinson" <robph639@student.otago.ac.nz>]

Another article at http://onebusiness.nzoom.com/news/2000/08/22/00032298.htm
says it will be $6.00 each, and it will open on the 29th of August.



----- Original Message -----
From: "Moose" <aorang@voyager.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Tuesday, August 22, 2000 9:16 PM
Subject: [sharechat] Genesis Research


> Hi Philip,
> The broker being used to lead the float is UBS Warburg.
> This will be a very interesting float I am sure and the prospectus
> will make good reading.
> I think however shares in the IPO will be hard to come by. The float
> is to be in Australia & NZ and can be for up to $35million. But in a
> recent newsletter to shareholders they stated that because of the
> recently successful capital raising with institutions the IPO will
> target an amount considerably less than this.  My broker has told
> me that the shares are going to go to the market at $6.50 per
> share. They have recently been trading around this amount on the
> informal market.
> Axa have been issued shares at $5.70 as well as $5.00 earlier this
> year so this figure is probably correct.
> I took the plunge a few months ago and bought 5000 (the minimum
> allowable holding) at $5.80. I am hoping that being an existing
> shareholder may give me some priority access to the float to
> increase this as well.
> Whatever happens I think the float will be very successful. They
> have timed it well to get the benefit of the current interest in
> genomics etc and also can demonstrate they are developing a
> strong diverse stable of therapies in forestry,dairying, plant and of
> course human research.
> The deal just announced with Corixa and Medicis in the States
> also demonstrates their ability to advance further their products.
> They have a good website at  www.genesis.co.nz.
>
> Regards,
> Moose
>
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