View Full Version : Jetpack set for ASX listing . . .
Pedota
15th Jan 2015, 17:47
As reported in The Age, this could be an interesting development in recreational aviation . . . they are expected to retail at around $200,000 - see Jetpack IPO set for lift-off with China backer (http://www.theage.com.au/business/jetpack-ipo-set-for-liftoff-with-china-backer-20150115-12r7vf.html)
Sunfish
15th Jan 2015, 18:13
Good luck with that. I'm not sure which is the biggest risk:
- Technical risk of the product.
- Having a Chinese major shareholder.
- Starting a joint venture in China.
- Having the major shareholder arrange debt funding.
Chances of an Australian muppet shareholder ever seeing a dividend? - Zero.
Chances of the Chinese investor obtaining 100% ownership after the company runs out of money? About 90%.
Pedota
16th Jan 2015, 22:39
Couldn't agree more, Sunfish. And I also think that rapid development in drone technology has taken away much of their potential market, for example, of working with emergency services and conducting inspections.
Andy_RR
17th Jan 2015, 06:02
Not if the Captain Ludd and his compatriots have their way (http://www.suasnews.com/2015/01/33886/man-vs-drone-some-pilots-fight-back-against-robots/)
Pedota
24th Feb 2015, 09:23
According to this article they 'raised' $100m on debut . . .
Glenn Martin's jetpack dream achieves lift-off as Martin Aircraft IPO rises on debut (http://www.smh.com.au/business/aviation/glenn-martins-jetpack-dream-achieves-liftoff-as-martin-aircraft-ipo-rises-on-debut-20150224-13j3s5.html)
Tankengine
24th Feb 2015, 09:46
I wonder just how much of that $100M the management can siphon off in consultancy and management fees before they go bust!:yuk:
Stationair8
2nd Mar 2015, 22:01
Massive jump on the sharemarket yesterday, up over 124% for the day.
Cirronimbus
3rd Mar 2015, 08:28
Can't wait to see how CASA will regulate the use of these things.
Not sure about strapping a Chinese-made jetpack on though. If the quality of the utes are anything to go by, CASA will be too busy to worry about real aircraft!