so they raised a total of ~$5.9M in the IPO. Based off that, it would infur that only ~$1M actually went to providing working capital to the business as per IPO presentation. Basically F all.
with that, bought a Brisbane practice, organic expansion into Sunshine Coast, North Melbourne, Canberra, Adelaide, Perth. Can anyone find me a SAAS business that can expand so much with such little capital?
Those old enough to remember the good days of Slater & Gordon, strap on your seat belts. We don't have the contingent WIP, no debt, not spending big $ to grow inorganically, issued # of shares not blowing out. Could easily be the good bit of SGH but on steroids!
Stock has run a bit too hard short term, so needs a pullback but the share register is so tight you can't assume that will happen!
AFL Price at posting:
40.0¢ Sentiment: Hold Disclosure: Held
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