Katavi CS Pro and others check this one out. Its a really great one IMO. The only problem is Vendors are not selling a single share down and are raising only a very small amount. Knowing KTM Capital's record, we got no chance of getting any allocation. My contact said that this will be mopped up quickly by Fundees and Instos at at ridiculous rush and a small amount is given to KTM clients for the spread purpose. Apparently KTM always control the sell of its listings so that's the reason why FLN etc flew 500% on Open and they only accept top quality Tech stocks. So I would love to hear what the other boyz here thinks of this one. Cheers.
Future Fibre kicks off $15m investor roadshow
Future Fibre Technologies will embark on an investor roadshow on Monday as it seeks $15 million for growth capital, which will give the security technology group a market value of just under $100 million.
It's understood there will be no sell-down from the company's major shareholders as part of the float. The list of investors includes private equity firm Pierce Group Asia, ASX-listed financial services group Challenger and Seafirst, an investment vehicle controlled by John Calvert-Jones.
Future Fibre Technologies, which is being advised by KTM Capital, has forecast revenue of $32 million for fiscal year 2016 and earnings of $5.9 million.
The company is chaired by Arlene Tansey, also a director at Primary Health Care and Adelaide Brighton, and comes from the same stable as another recently-listed software company, Urbanise.com.
FFT is a world leader in sensing and security technology, founded in Melbourne and operating in more than 55 countries. FFT's security systems detect and locate perimeter intrusions and identify interference with oil and gas pipelines, as well as sensitive data communications cables. Its products are designed for industrial, military and government organisations.
