Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

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We would avoid the IPO.The listing doesn't offer a compelling discount to globally listed peer at a time when most of the peers have been reeling under falling gold prices. Moreover, the main asset of the company was initially part of another listed entity (Archipelago Resources, listed on AIM) which was privatised by the Rajawali Group in 2013 at a valuation below the implied valuation for the current listing.

We would avoid the IPO.The listing doesn't offer a compelling discount to globally listed peer at a time when most of the peers have been reeling under falling gold prices. Moreover, the main asset of the company was initially part of another listed entity (Archipelago Resources, listed on AIM) which was privatised by the Rajawali Group in 2013 at a valuation below the implied valuation for the current listing.

Indonesia

PT Archi Indonesia Tbk operates as a mining company. The Company explores and develops silver and gold projects. Archi Indonesia serves customers worldwide.

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Archi Indonesia (ARCI IJ)

Mining gold but without a shining light

We would avoid the IPO.The listing doesn't offer a compelling discount to globally listed peer at a time when most of the peers have been reeling...

Sumeet Singh

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