Sealink Surge Due on Debut

I received an email this morning in relation to our application for shares in the soon to be listed Sealink. Intelligent Investor Funds has been allocated 25,000 shares, an amount so small that it won’t move the needle even if the stock doubles on debut. Apart from wasting a small amount of our time reading the prospectus and attending a management briefing, there is nothing to complain about. The stock looks cheap. The business looks well managed. And the amount being floated is tiny – 15m shares at $1.10 a piece. Our tiny allocation was justified in an interesting...

I received an email this morning in relation to our application for shares in the soon to be listed Sealink. Intelligent Investor Funds has been allocated 25,000 shares, an amount so small that it won’t move the needle even if the stock doubles on debut.

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