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The Dividend Investor: A practical guide to building a share portfolio designed to maximise income by Rodney Hobson

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Chapter 14. Flotations

We have naturally looked mainly at situations where dividend-seekers would want to invest, but they should also be aware of specific situations where they should shy away. One such scenario is share flotations. It is far better to miss the chance to get into a promising company rather than risk buying a pig in a poke.

Beware, especially, companies that have been previously bought out and delisted by private equity firms and are now returning to the stock market.

All companies coming to market are obliged to issue a prospectus giving details of the nature of the business, its financial performance, who the directors are and much more besides. This document will be lengthy and complicated so negative factors can be difficult ...

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