MENU

Upcoming IPOs this week

Every single company that’s currently on the ASX was a newly-listed company at one stage. We shouldn’t be afraid of investing in new ASX companies just because of how long they’ve been on the boards.

Imagine if you could go back in time and invest in Altium Limited (ASX: ALU), MNF Group Ltd (ASX: MNF) or a2 Milk Company Ltd (ASX: A2M) at the start.

However, that’s not to say that every new share is a great opportunity. The newest ones are a little riskier because they have no history, we don’t have years of ASX reports to analyse.

A prospective investor can read the prospectus for a full breakdown to see if the new business would be a good fit for your portfolio.

Here are the shares expected to list on the ASX this week:

Power Asia Limited (ASX: P88)

Its proposed listing date is 23 January 2018

Its principal activity is ‘renewable energy’. According to the business it has three business units.

Standard Solar is an Australian installer of renewable energy solutions based in Victoria. Its goal is to provide the highest possible return on a renewable energy investment.

Link Group is a renewable energy and electrical contractor with project fabrication capabilities based in Queensland.

EnPro is an international contractor with a focus on South-East Asia and the Pacific region. EnPro has expertise of project management in hydro, thermal and solar power.

The business is hoping to raise $9,000,000 at $0.20 per share.

Tao Commodities Ltd (ASX: TAO)

Its proposed listing date is 22 January 2018

Its principal activity is ‘mineral exploration’. According to its prospectus it’s a ‘recently incorporated mineral exploration company focused on the identification, development and acquisition of mineral exploration properties.’

‘The company will acquire a package of a 100 Mining Rights over an 8.36km2 area located approximately 6km west of the town of Milford in Beaver County, Utah, USA.’

The business is hoping to raise $4,750,000 at $0.20 per share.

Foolish takeaway

The explorative commodity industry is a bit too speculative for me, though of course it could turn into a good investment.

Power Asia sounds interesting, renewable energy is a global trend that is only going to get stronger as time goes by. I’d want to see 12 months of ASX reports before investing in the business, but it has potential.

However, I'm not a buyer of either of these businesses, instead I'd rather invest in these top growth stocks.

Top 3 ASX Blue Chips To Buy In 2018

For many, blue chip stocks mean stability, profitability and regular dividends, often fully franked..

But knowing which blue chips to buy, and when, can be fraught with danger.

The Motley Fool's in-house analyst team has poured over thousands of hours worth of proprietary research to bring you the names of "The Motley Fool's Top 3 Blue Chip Stocks for 2018."

Each one pays a fully franked dividend. Each one has not only grown its profits, but has also grown its dividend. One increased it by a whopping 33%, while another trades on a grossed up (fully franked) dividend yield of almost 7%.

The names of these Top 3 ASX Blue Chips are included in this specially prepared free report. But you will have to hurry. Depending on demand - and how quickly the share prices of these companies moves - we may be forced to remove this report.

Click here to claim your free report.

Motley Fool contributor Tristan Harrison owns shares of Altium. The Motley Fool Australia owns shares of and has recommended MNF Group Limited. The Motley Fool Australia owns shares of A2 Milk and Altium. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Two New Stock Picks Every Month!

Not to alarm you, but you’re about to miss a very important event! Chief Investment Advisor Scott Phillips and his team at Motley Fool Share Advisor are about to reveal their latest official stock recommendation. The premium “buy alert” will be unveiled to members and you can be among the first to act on the tip.

Don’t let this opportunity pass you by – this is your chance to get in early!

Simply enter your email now to find out how you can get instant access.

By clicking this button, you agree to our Terms of Service and Privacy Policy. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. You can unsubscribe from Take Stock at anytime. Please refer to our Financial Services Guide (FSG) for more information.