Elmo Talent Management IPO, page-9

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28/05/17

13:29

Post #: 24953514
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Originally posted by Nani (MG) ↑

Just heard the following.
1. No Owner sell down what so ever
2. No cheap Seed or Pre IPO shares what so ever as any CR was done among the Execs themselves.
3. Phenomenal Growth in the Mid Size Clients in ANZ.
4. To give you an idea WiseTech and Class are trading at 1o times FY Rev/ EV basis. Elmo would be coming to market around 4 times FY Revenue/EV basis
5. Has dominating hold in the mid sized Client Base area and apparently 90+ % of FY 18 Rev is already accounted for. It sounds like WiseTech to me in many aspects except at a smaller scale. Re: lot of people and fundees thought WTC is too expensive at $3.30 inclosed at $730 I believe on Fri which is 12 months later and in this market.

This ticked all the boxes for me except I am not a client of Wilsons but have access to BlackPeak which are doing only Wilsons chosen Instos. So I will try my bloody best to get what ever I could through BlackPeak. Just sharing as usual straight after I was informed thoroughly.

The only shares that has to be sold on Market on Open are : Wilsons chosen Insto Clients or Wilsons Own S708 Clients. Knowing this I realised that Wilsons would have total control on the Open and After market as they would only give to the clients they wanted ala BW Equities in Alderan or Alto in A3D etc. Please remind me if I miss any other potential risks or pitfalls. Elmo has been around since 2002 or so I was told too. Cheers and time for a single malt!!

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Correction to the above typing mistakes etc

WTC and CL1 trading at 10 times ( not 1o times) FY 2018 Revenue where as Elmo would be coming to the market at 4 times expected FY18 Revenue at the lower end of the expectations apparently.
WTC closed around $7.30 on Fridy I believe not $730.

Cheers.
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