Three traditional red flags to consider from the Vocation disaster

Three traditional red flags to consider from the Vocation disaster. Back in February 2013, CLSA analyst Paul Graham said in a research note to clients that Vocation's share market listing carried some traditional red flags ... It is formed by three businesses merging at IPO (initial public offering); has a high-growth forecast for the first financial year; and the majority of the IPO proceeds were taken out by the vendors. In hindsight it was the perfect call. Read more: (VIEW LINK)


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