KGD

A few months ago, I read in the AFR on how to select which IPO to participate in. Sadly, when a good stag profit can be made, you will not get any shares unless you are a client of the broker or the company is spun off from your existing stocks.

One stock stood out and it was KGD because it scored well on several counts. It floated at $1.80 but because it was a big IPO, the share price did not do major roller coaster rides. However, because it is below float price AND it continued to score good grades, shallowness and thickness in PNG, yesterday I bought some shares after a good announcement.