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Top 5 Floats Of 2016
BY CHRISTOPHER HALL - 12/12/2016 | VIEW MORE ARTICLES BY CHRISTOPHER HALL

By the end of 2016 more than 80 companies will have floated on the ASX. Six IPOs are showing returns better than double, one has done 15x times the issue price and three have halved investors’ money.

Here they are:

The Winners:
Name: Aurora Labs Limited
Code: A3D
Listed: 16 August 2016
Issue Price: $0.20
Current price $3.28
Gain from issue price: 1,540%

The Western Australian company that has designed two 3D printers. One is a retail version and the other industrial version, both apparently 100 times faster than their competition. The added bonus is the Aurora printers can be built and run at a lower cost as well.

Name: CFOAM Limited
Code: CFO
Listed: 26 October 2016
Issue Price: $0.20
Current price $0.63
Gain from issue price: 215%

Produce carbon foam that has been designed for use in ultra-high performance engineering materials for use in military, aerospace, industrial and commercial products.

Name: Abundant Produce Limited
Code: ABT
Listed: 26 April 2016
Issue Price: $0.20
Current price $0.57
Gain from issue price: 185%

Produces seeds that grown in non-ideal conditions. The seeds will grow in poor soil, low water and temperature extremes from outside greenhouses and Abundant claim their seeds are well suited to markets like the Middle East and Asia.

Name: Afterpay Holdings Limited
Code: AFY
Listed: 4 May 2016
Issue Price: $1.00
Current price $2.78
Gain from issue price: 178%

Afterpay provides payment solutions for the online retail space. Afterpay’s speciality is the buy now, pay later solution for online stores which earns revenue through merchant and transaction fees.

Name: Noxopharm Limited
Code: NOX
Listed: 9 August 2016
Issue Price: $0.20
Current price $0.54
Gain from issue price: 168%

A biotech company that aims to significantly boost the efficiency of cancer treatment, chemotherapy and radiotherapy, once tumours have well and truly set in.

Bottom three:
CoAsseta Limited (CA8) – 75%
DomaCom Limited (DCL) -64%
Silver Heritage Group Limited (SVH) -55%
 



View More Articles By Christopher Hall

Christopher is head of equites at Spring Financial Group. Christopher has over 10 years' experience managing equities desks with thousands of retail clients and responsibility for maintaining and servicing retail and wholesale relationships.



 

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