Exciting Float to take a look at – Valemus

Heard of Valemus? No, me neither. But if you live in Australia or ever seen a image of Australia you would have seen there work, they have delivered some of Australia’s most iconic infrastructure projects, including the Sydney Opera House, the Anzac Bridge and the M2 and M5, just to name a few. Been around since. 1926 Valemus Limited, formerly known as Bilfinger Berger Australia, They are the parent company of Abigroup and Baulderstone, and in the Services industry through Conneq.
Though the Australian market isn’t as badly hit as Europe and US. It’s certainly not a growth market, it’s very shaky, not an optimal time to raise capital.

Important information if you are wanting to take part:
Closing date for retail investors: 2 July 2010
Minimum Investment Amount= $2000 (then multiples of $500)
Share price: $2.20 to $2.50
Downsized their profit margin for 2009 was less than 5%. And there are so many problems with projects of this magnitude.
Also they are vague as to what they are capital raising for beyond to pay back current business owners. “Explore other growth projects “ – not that clear or inspiring.
How much are they are raising? 1.2-1.3 billion
Dividend: yes likely to be 4.5c, twice a year.
For value investor what is the worth of a single share banked by Valemus assets? Around 80c (therefore probably not the investment for you)
I’ll definitely be keeping an eye on it, as it will be interesting from a trade market reaction point of view.
Given the amount of work they do for the public sector, the shares will definitely be eaten up by the institutional launch that happens on the 6th of July, it’s predicted the institutions will bring up 90% of stock.
Personally based on my five year plan a share

for more info check out the prospectus: http://www.bbau.com.au/