Amaysim Share Offer 01/07/15 - 09/07/15 @ $1.80 (115 Million Shares Available)

easternculture on 23/06/2015 - 20:49
Last edited 24/06/2015 - 08:42 by 1 other user

Moved to Forum: Original Link

Mobile service provider Amaysim has lodged an initial public offering (IPO) prospectus with the Australian Securities and Investments Commission.

The IPO is expected to raise AU$207 million, based on a price of AU$1.80 per share, which equates to a market capitalisation on listing of AU$317.1 million.

According to Amaysim, its founders will maintain a stake in the company, and have agreed to a voluntary escrow agreement, which will prevent them from selling any of their shareholding until the company reports its full-year earnings for the 2016 financial year, other than in respect of "certain occurrences".

Financial

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Comments

  • Nousernamehere on 23/06/2015 - 20:53
    +12

    I know you love spamming Amaysim's deals for getting referral credits, but this is just ridiculous. How is this even remotely a deal…?

  • cheapm8 on 23/06/2015 - 20:54

    how is this a deal?

  • CyberMurning on 23/06/2015 - 20:56

    Coupon code for discount? But one get one free?

  • [Deactivated] on 23/06/2015 - 20:57
    +4

    LOL… funniest "bargain" i have seen here

  • c64 on 23/06/2015 - 20:59

    what is the point of this rubbish?

  • easternculture on 23/06/2015 - 20:59

    lol sorry was meant to post in forums. thats what happens when you talk on the phone and try and post here

    • [Deactivated] on 23/06/2015 - 21:00

      thought you are the sole shareholder for a minute… haha

      • easternculture on 23/06/2015 - 21:03

        lol no haha

        someone called me while i was looking at the offering on amaysim website. Instead of going to forums to post it, did it here accidental . Beer moment haha

  • inasero on 23/06/2015 - 21:06
    -4

    not a deal
    you seem to have a knack of posting non-deals eh?

    • easternculture on 23/06/2015 - 21:10
      +3

      better than hardly posting any deals at all .. eh?

      • inasero on 23/06/2015 - 21:23
        -4

        i post deals when they're relevant, not to inflate my history with irrelevant 'deals' lol!

        • nocure on 23/06/2015 - 22:13

          Bit of respect needed here…is it just me that checks other people's stats before posting or what.

  • arameda on 24/06/2015 - 08:45
    +2

    $1.80 a share for a company that doesn't even own any spectrum is madness.

  • scotty on 24/06/2015 - 08:59

    Direct link to prospectus. Some numbers (also from paywalled The Australian article):

    • $207m IPO
    • $317.1 market share / $299.3m EV (they have quite a bit of cash in bank)
    • $1.80/share at 115m shares (15.9 times forecast FY2016 NPATA)
    • Big winners — Investec Australia, Clayton Utz, PricewaterhouseCoopers & Ernst & Young. Fees and more fees!

    At this they are profitable this financial year.

    Any other pure MVNO ended up public listed? Yatango is doing a reverse take over this month as well I heard. The other one I remembered was One.Tel — that didn't end up well :P

  • CyberMurning on 24/06/2015 - 13:39

    Going to be like medibank float? Sell on the first week.

  • quaddie on 29/06/2015 - 13:00

    Does anyone know which brokers I can purchase shares through? Bell direct told me they can't help.

    • fritzsticker on 25/05/2016 - 03:44

      Interested as well.. Whats the minimum you could invest usually??

  • cpho on 29/06/2015 - 15:08

    Few thoughts on reddit here

  • scotty on 22/08/2015 - 22:55

    Did anyone actually participate in Amaysim's IPO?

    AYS currently trades at $2.24, which is 24% higher than it's IPO price of $1.80/share on 15 July.

  • leeroys_dad on 19/02/2016 - 16:47

    glad i didn't… now :)

    • scotty on 19/02/2016 - 16:56

      1/2 price in a bit more than a week…

      • leeroys_dad on 22/02/2016 - 08:19

        good time to buy tho i guess! market's down and i have faith in amaysim they'll do well… just their targets were massive!

  • easternculture on 19/05/2016 - 22:43

    New news regarding Amaysim. There is talk about a Takeover. The 3 players interested are Optus, TPG and M2. I would also like to see Telstra bid on Amaysim so we can have Telstra 4G.

    My bid is on TPG though. They have more than enough money to buy Amaysim at its current $322M Market Value.

    http://www.theaustralian.com.au/business/dataroom/amaysim-en…

    • ozdesi on 22/05/2016 - 22:06

      Are you a subscriber for The Australian news?
      Can't view the news link you provided and it asks for becoming a subscriber

      • easternculture on 22/05/2016 - 22:11

        If you google it , you will find half a dozen articles talking about it

        Won't be surprised if Kogan buys amaysim

        • ozdesi on 22/05/2016 - 22:12

          I was hoping for another round of 50% off recharge deals at Woolies posted by you near EOFY so that I could stock up for next few months :(

        • ozdesi on 22/05/2016 - 22:14

          Buying out will likely kill the good deals from Amaysim.
          Same problem with takeover bid for TGG and Masters - less competition with less retailers out there

        • scotty on 24/05/2016 - 09:32

          Won't be surprised if Kogan buys amaysim

          You mean TPG? I'll be surprised that Kogan has that much market cap to take over a $300+ million company.

        • easternculture on 24/05/2016 - 19:45

          @scotty:

          probably kogan. Would benefit his Kogan Mobile entity

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