Newbie here too.....
magna, I think that Shell may opt for an IPO next year.
I could not really recommend it at this point because
no one knows yet the details of their IPO (price,
etc. etc. etc.).
Seaoil is also planning.
Industry wise, the petroleum industry is not so
hot. Just look at Petron IPO.
2008 may not be such a hot year for IPO what with
the current global uncertainties caused by the
depressed U.S. real estate market which is pulling
down our stock market.
I'd rather invest my funds in existing stocks (play
the market) rather than bet on IPOs.
Posted on: Dec 18, 2007, 12:14 AM
I got tempted by SPLASH.....well almost then
common sense prevailed. It was overpriced
and its such a small company. Not a good
Posted on: Dec 18, 2007, 12:16 AM
Last IPO I got was for PNOC EDC at 3.20 (ipo price). Went
up to 7 plus a few weeks back but I did not sell. I figure
with the full privatization in place (assuming the joint
power commision doesnt derail it), the company will perform
even better. The reason is simple: government run companies
suck. privately run companies perform much better.