IPOs

When a good IPO comes a long, you the ordinary small investor, get nothing usually even if you applied for lots of shares. The unprofitable ones? You will get the lot!

But I own shares in MEP and it spun off TMZ. That means I am a "priority' investor so I manage to collect a small parcel. Yesterday, when it traded for the first time on the market, it provided a 25% stag profit. But I am a long term investor.


MEP hasn't been doing too well lately because one of its most recent drilling results was poor. But longer term? This is one of the most respected explorers in the ASX.