TIP 0.00% $1.28 teaminvest private group limited

IPO - Teaminvest Private Group Limited, page-2

  1. 603 Posts.
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    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.
 
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