Offer document here
https://www.tipoffer.com.au/offer/
Just saw Howard Coleman (Director and Team Invest founder) mentioning it on Your Money.
Appears his son is the CEO.
Seems to be a compliance listing only with 0.5-2.0% new capital on listing.
Its a ragtag bunch of various small companies, made a loss in 2017 and a $5.8m profit in 2018.
Pretty lofty P/E of 18-19x historically and EV/EBITDA of 15-16x on the 2018 numbers
Which seems pretty high.
Given as it's newly listed, doesn't have a history of consistent profits, I don't think it would meet TeamInvests usual criteria.
IPO - Teaminvest Private Group Limited, page-2
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Last
$1.26 |
Change
0.005(0.40%) |
Mkt cap ! $34.20M | |||
| Open | High | Low | Value | Volume |
| $1.26 | $1.26 | $1.26 | $96.8K | 76.96K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | $1.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.26 | 29958 | 2 |
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| Last trade - 13.17pm 23/08/2024 (20 minute delay) ? |
| TIP (ASX) Chart |