Rewardle Holdings (RXH) is set to hit the boards at 10am on Tuesday, the 7th of October having closed heavily oversubscribed. The business has been developing its first mover advantage and since the prospectus they have seen several key indicators continue to exponentially grow.
This exponential growth is stamping down the first mover advantage for Rewardle and they are able to derive some valuations out of further numbers once listed:
Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 0 Prepared Prospectus as at 30th June Supplementary
Prospectus as at 31st July2nd Supplementary
Prospectus as at 31st AugustLISTING
(7TH OCTOBER)??End of Year? 1 Merchants 1587 1797 1947 2200 2900 2 EV $19,400,000 $21,966,528 $23,800,128 $26,892,800 $35,449,600 3 Value per Merchant $12,224 $12,224 $12,224 $12,224 $12,224 4 Cash $3,600,000 $3,600,000 $3,600,000 $3,600,000 $2,700,000 5 Market Cap $23,000,000 $25,566,528 $27,400,128 $30,492,800 $38,149,600 6 Shares on Issue 116,000,000 116,000,000 116,000,000 116,000,000 116,000,000 7 Share Price $0.20 $0.22 $0.235 $0.26 $0.33 8 20% premium now listed $0.285 $0.31 $0.40 9 Continue to de-risk scale premium 0% 10% ($0.43) 10 Revenue Coming Uplift 0% 0% 11 Value Per Merchant $12,224 $13446 12 Market Cap $25,566,528 $27,400,128 $30,492,800 $41,693,400 13 Share Price $0.20 $0.22 $0.235-$0.285 $0.26-$0.31 $0.33 - $0.43 14
Rewardle Holdings is an extremely exciting opportunity as it continues to exponentially grow. Looking forward to Ruwan Weerasooriya executing the plans in what is very much a growth phase for the company to stamp first mover advantage.
Upcoming Potential Catalysts:
1) Updated Growth Numbers of business
2) Big name franchise signings
3) Business improvements with added features to Rewardle
4) Strategic stake by a Major.
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