Product Disclosure Statement - Australian Securities Exchange: Fill & Download for Free

It might be a bit too early to decide whether Medibank IPO is worth investing at this stage as we don’t have access to the prospectus and all the other details yet, so there’s no need to make the decision now. But based on the company’s past operational history and its future potential, I would think Medibank IPO is certainly a good investment opportunity.The product disclosure statement will be release in mid-October, but Medibank policyholders are encouraged to per-register to receive a prospectus and may receive a greater preferential allocation than non-policyholders when bidding for shares.Just some background about Medibank, it was founded in 1976, and has been operating as the largest private insurance company for almost 38 years. Up to this year, Medibank Private dominates almost 30% of the market position in the health insurance industry, while its main competitor Bupa, which holds 27 per cent.Looking at Medibank’s revenue, it shows a steady growth in the past 4 years. And statistics shows that over the last one year, there were over 110,000 new policyholders to the company. Meanwhile, “Anywhere Healthcare” service was launched in May this year which is an innovative, video-enabled, virtual healthcare service that provides access to the largest panel of telehealth specialists for people who live in regional and remote areas of Australia. This also significantly expanded Medibank’s customer coverage within the country.Another thing to be considered is the great potential of Health Insurance industry in Australia. The ageing population is tretching the capacity of Australia’s healthcare system, and wages in the health industries are increasing above the rate of inflation. The Healthcare industry generates 10% of the total GDP, and is still increasing steadily.Having said that, the new management system of Medibank would increase its business productivity and efficiency to a certain extent, as management by government is generally inefficient compared with management by private companies, hence the cost-cuts and productivity gains associated with Medibank’s new management system would create more benefits to its shareholders.So overall, I would say Medibank is indeed a good investment. However, since we don’t enough information to analyze yet (we would never feel like we have enough info anyway) It’s still uncertain to judge if Medibank’s IPO would be worth investing, but no investment guarantees success, so it’s still up to individuals to decide whether they believe in the company’s future performance when making an investment.

FirstStep is a mobile app that helps you invest with as little as $1. The FirstStep app is available on the App Store and the Google Play Store.FirstStep offers access to a wide range of diverse investment options, aligned to your world view, including Technology, Ethical, Asia and Healthcare.Signup in minutes, set a financial goal and we’ll help you get there quicker by investing your spare change from everyday purchases and investing recurring deposits. We make your savings work harder for you by investing them in a portfolio of low cost exchange traded funds (ETFs) from Vanguard, Blackrock and Betashares.We charge an account fee of 0.275% PA, subject to a minimum of $1.25 per month per investment account (more detail on fees are found in our Product Disclosure Statement.—————————-FirstStep is licensed to operate in Australia and only Australian citizens and residents can purchase or sell securities through its application. FirstStep is owned and operated by FirstStep Investments Australia Pty Ltd (ACN 612 834 947) - Authorised Representative of Primestock Securities Ltd, AFSL 239180. EQT Responsible Entity Services Limited (EQTRES) (ABN 94 101 103 011, AFSL 223271), is the responsible entity for the FirstStep Fund. EQTRES is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT). Any information contained in this website is general information only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any information contained in this website and before making any investment decision, we recommend that you consider the appropriateness of its content having regard to your needs and financial situation.

FirstStep is a mobile app that helps you invest with as little as $1. The FirstStep app is available on the App Store and the Google Play Store.FirstStep offers access to a wide range of diverse investment options, aligned to your world view, including Technology, Ethical, Asia and Healthcare.ignup in minutes, set a financial goal and we’ll help you get there quicker by investing your spare change from everyday purchases and investing recurring deposits. We make your savings work harder for you by investing them in a portfolio of low cost exchange traded funds (ETFs) from Vanguard, Blackrock and Betashares.We charge an account fee of 0.275% PA, subject to a minimum of $1.25 per month per investment account (more detail on fees are found in our Product Disclosure Statement.—————————-FirstStep is licensed to operate in Australia and only Australian citizens and residents can purchase or sell securities through its application. FirstStep is owned and operated by FirstStep Investments Australia Pty Ltd (ACN 612 834 947) - Authorised Representative of Primestock Securities Ltd, AFSL 239180. EQT Responsible Entity Services Limited (EQTRES) (ABN 94 101 103 011, AFSL 223271), is the responsible entity for the FirstStep Fund. EQTRES is a subsidiary of EQT Holdings Limited (ABN 22 607 797 615), a publicly listed company on the Australian Securities Exchange (ASX: EQT). Any information contained in this website is general information only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any information contained in this website and before making any investment decision, we recommend that you consider the appropriateness of its content having regard to your needs and financial situation.