It is notoriously difficult to predict when will be the most opportune moment to go for a stock market flotation
, but a sensible, measured evaluation of the key factors with input from experienced professional advisers will help.
Keywords: low grade, lead-zinc ore, galena, sphalerite, beneficiation, froth flotation
, grade, recovery
Some authors have attempted to study the potential of froth flotation
for upgrading oil shale to produce a concentrate of the organic matter.
Although markets have discouraged flotations
in the last three years and allowing for the challenge of finding the costs of the process, IPOs are an option.
Redundancy payments to 47 staff laid off last August, three months after the company withdrew the flotation
plan, contributed $642,000 to the losses.
Contrast today with just a few weeks ago when New Look, Travelport and Merlin Entertainments all postponed flotation
plans and raised questions of whether the recent economic turbulence meant that the market had yet to develop an appetite for floats again.
The team has just advised on its fourth flotation
in as many months, underscoring a blistering first-half year of Stock Exchange activity nationally for Pinsent Curtis.
As with many corporate transactions, in terms of both finances and management time, the input required can be a disincentive ( in financial terms, the cost of an average flotation
on AIM often reaches pounds 200,000.
William Hill's owner, Japanese bank Nomura, sold the betting shop chain to venture capitalists Cinven and CVC Capital Partners for pounds 825 million on Saturday instead of going ahead with a flotation
The Newcastle firm advised Prudhoe telecommunications specialist, BNS Telecom, on its flotation
on the Alternative Investment Market (AIM) last week.
This renewed confidence in the public markets means that flotation
is firmly on the agenda for many small and medium-sized companies.
As well as advising on more than 20 flotations
, Ward Hadaway's plc team has a great deal of experience in post-flotation
acquisitions and secondary fund raisings as well as regulatory and corporate governance compliance issues.