The lead up to the December holiday period saw a mad rush of listings via the initial public offering (IPO) market. A number of these IPOs garnered a lot of investor enthusiasm and attention, either due to their brand or large market capitalisation, such as Dick Smith Holdings Ltd (ASX: DSH) and Nine Entertainment Co Holdings Ltd (ASX: NEC), or due to hype, such as Freelancer Ltd (ASX: FLN) and Veda Group Ltd (ASX: VED). However, while investor attention was being drawn to these (and other) IPOs, there were a number of much quieter listings which flew below the radar of many investors.
Here are four companies investors may have missed, but could be worth further investigation.
1) National Storage REIT (ASX: NSR) has a market capitalisation of $268 million. The company manages and operates a portfolio of 62 self-storage centres across Australia under the National Storage brand name.
2) GDI Property Group Ltd (ASX: GDI) has a market capitalisation of $490 million. GDI owns, manages and develops real estate assets and funds on behalf of third-party investors. The company has a good track record dating back 20 years.
3) PS&C Ltd (ASX: PSZ) has a market capitalisation of just $49 million and is in the business of providing IT services to large corporate and government clients. The prospectus’s forecast for earnings before interest and tax in financial year 2014 is $7.4 million.
4) PM Capital Global Opportunities Fund Ltd (ASX: PGF) is a listed investment company (LIC) managed by PM Capital, a fund manager with a 15-year track record. The LIC’s aim is to invest in a concentrated portfolio of undervalued global equities.
While many investors prefer to stick with tried-and-true blue chip stocks, investors who search for opportunities away from the limelight stand a much better chance of uncovering hidden gems.
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Motley Fool contributor Tim McArthur does not own shares in any of the companies mentioned in this article.
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