Dont personally hold due to funds being tied up at the moment but have been following these guys since IPO and have been interested. I have noted a couple discussion points below.
- Seems to be a bit soon after the IPO to be needing to raise an extra 20M. I would have thought expansion via a bit of an organic path would be better for the company rather then using the 20M to expand so quickly.
- The financial performance of the company is great. Its good to see steady MoM growth and solid profit numbers at that. I read a stat a couple of days ago that only 15% of ASX listed companies actually turn a profit.
- I wonder if Asena took anymore up in the raise (the only holder i recognised on the registry)
- From today's trading overall it looked like the stock held up okay.
I do expect big things from this company because i believe they operate in a very hot and increasing market space at the moment, and will continue to follow.
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- Ann: Capital Raising and Corporate Update
Dont personally hold due to funds being tied up at the moment...
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