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Source : The Weekend Australian Financial Review
As reported in the Weekend Fin, RDG was rated as the tenth best performing IPO in FY11 based on a change over issue price of 90%. Of mining services providers, there were two other companies in the top 10, the balance being exploration companies and one travel services company. The article quotes “It is not surprising that mining-services IPOs have been popular, given the resource-sector investment boom. Perth company Maca is a standout, its $1 issued shares soaring to @2.34 since November. GR Engineering has stormed from $1 to $2.01 since its April listing amid strong contract wins. The much-smaller Resource Development Group has almost doubled its 20c issue price in a matter of weeks”