Intelligent Investor

Cooper Energy Limited (ASX: COE) - Float & IPO Details

- Current share price for COE : $0.235

Cooper Energy Limited (ASX: COE) is an exploration and production company which generates revenue from gas supply to Southeast Australia and low-cost Cooper Basin oil production

Cooper Energy Limited (COE) floated on the Australian Securities Exchange (ASX) on Wednesday, 13 March 2002. The company opened its first day of trading with a share price of $0.18 which was down 11.50% from its offer price of $0.20 per share. The first day of trading for Cooper Energy Limited on the ASX saw its share price move between a low of $0.14 and a high of $0.18, before closing at $0.15 per share which was 27.50% below its original offer price of $0.20 per share.
COE's current share price of $0.24 is a $0.04 or 17.50% premium to its original offer price of $0.20.

COE Float / IPO Details

Offer Open Date8 Feb 2002
Offer Close Date1 Mar 2002
Listing Date13 Mar 2002
Issue Price$0.20
Amount Raised$7,500,000
Shares Issued (new)37,500,000
UnderwriterTolhurst Noall Limited
Consultants
AuditorArthur Andersen

COE Float / IPO Performance (relative to an issue price of $0.20)

Current Price$0.2417.50%
First Day Open$0.18-11.50%
First Day High$0.18-11.50%
First Day Low$0.14-30%
First Day Close$0.15-27.50%
All-time High$1.45625%
All-time Low-100%
12-month High$0.2420%
12-month Low$0.09-54.50%

Other floats & IPOs around the same time as Cooper Energy Limited (COE)

Security Code Company Offer Open Offer Close Listing Issue Price Current Price Gain
FHM Iatia Ltd 22 Feb 2002 20 Mar 2002 9 Apr 2002 $0.25
SYD Macquarie Airports (Stapled Securities) 11 Mar 2002 22 Mar 2002 2 Apr 2002 $1.00 $8.72 772%
HAV Havilah Resources NL 12 Feb 2002 12 Mar 2002 18 Mar 2002 $0.20 $0.22 7.50%
HME Home Building Society Limited 7 Jan 2002 1 Feb 2002 1 Mar 2002 $1.00 $17.69 1,669%
RNL Reclaim Industries Limited 14 Dec 2001 8 Feb 2002 21 Feb 2002 $0.20 $0.00 -98.50%
RHK Flinders Diamonds Limited 30 Jul 2001 13 Feb 2002 20 Feb 2002 $0.20 $0.83 315%

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