Just goes to show how hot the FINTECH sector is so what is the...

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Schumacher

3,400 Posts.

15/02/16

09:07

Post #: 17018734
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Originally posted by luthur ↑

there a new stock TNT that is been listed today. same market cap as SRT, but just that this company is already generating revenue and have it customer based. i think SRT has the same potential if not greater than TNT, <$0.20

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Tesserent Limited closed its initial public offering (IPO) early almost 8 times oversubscribed, successfully raising the maximum amount of $7 million. The issue closed on Wednesday 20 January 2016 at AEST 5pm, approximately two weeks ahead of its scheduled close of 5 February. The company's shares are expected to begin trading on the Australian Securities Exchange (ASX) shortly.

Tesserent is a direct provider of Security-as-a-Service to small and large organisations to protect computer networks. The IPO, managed jointly by Terrain Capital and Novus Capital, received strong backing from investors encouraged by the opportunity to invest in a profitable company with over 190 customers in 11 countries and rapidly growing.

Tesserent will list on the ASX with a market capitalisation of $20.5 million, based on the $0.20 per share offer price.

Tesserent already services customers in Australia and overseas including the United Kingdom, Hong Kong, South Korea and the UAE. With the growing need for cyber security Tesserent is positioning itself to win much more local and global business by providing small, medium and large organisations with resilient, safe and simple security solutions.

Funds from the IPO will allow Tesserent to expand its IT infrastructure and sales & marketing programs and support Tesserent's ongoing research and development programs. Tesserent's Managed Security Service Provider Platform is a subscription-based cloud service that services strong demand in the Security-as-a-Service market, forecast to increase from $US12.5 billion in 2015 to US$26.9 billion in 2019.

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Just goes to show how hot the FINTECH sector is so what is the problem everyone ? we are cheap at current prices - load up or miss out on multiple gains - lol

My realistic price target this week is 4c based on expected news and more clarity on revenue potential - is suspect we will break 2.8c easily and i dont feel like in talking it up at all - potential is multiples of todays prices

GLTA

Last edited by Schumacher: 15/02/16

SRT Price at posting: 2.2¢ Sentiment: Buy Disclosure: Held
12 Upvote

0 Great analysis

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