Short Term Trading Week Starting: 12 Dec, page-126

STTCOMP BUB, FA Long

Bubs Australia - New RTO / backdoor listing via Hillcrest (ASX: HLS)
Expected to list next week - 23/12 (not yet showing on ASX website but hearing all on track)

Listing SP: 10c
MC: $24 mill
Cash: $5.15 mill
EV: $18.5 mill

Bubs Australia is an established infant food products company that currently sells out of health food stores and major
supermarkets including Coles. Bubs recently launched Bubs Advanced Plus Goat Milk Infant Formula.

Although milk stocks appear to be going sour this could be one that re-lights the fire. Despite financials of Bubs being non too impressive , this is a play that is based around the key backers. Take a look at the top 5 shareholders:


1. Next Step Global is Nancy Liu also known as Chinese internet sensation "sister Milk Tea" and wife of Richard Liu - Chinas 9th richest man and head of JD.com - chinese giant ecommerce platform
2. Ellerston Capital - Ashok Jacob - Packers ex right hand man and biggest insto behind Blackmores
3. Carr Family - Bubs CEO
4. Infant Food Business - Co-Founder of Bubs Anthony Gualdi who previously established Shakespeares pies
5. WF Investment - Wattle Hill Fund. Wattles main man is Albert Tse, husband of Kevin Rudds' daughter Jessica. Jessica has close ties with Jack Ma , owner of internet mammoth Alibaba - Jessica is local ambassador for Alibaba.

Placement was many times oversubscribed with most investors only receiving 5-10% of their requested allocation (see ipo thread) and word on the street is that there are more Chinese investors ready to buy on market upon listing.

Expect this one to fly when it lists next week.
disclosure: I'm locked and loaded

more info here:
http://www.theaustralian.com.au/business/companies/manufacturer-of-bubs-organic-wins-chinese-backing-for-backdoor-listing/news-story/e03cff9ec7e36e4477f8cc64459d0532