IAM journey ahead, page-17

Cheers Glyco for the great research and summaries, great work.

Thought I would post some of my older research posts from the SRT days just to refresh memories and for newcomers.

Posted this in the Short Term Trading thread on the 01/06/2016

http://hotcopper.com.au/posts/17917952/single


Intiger Asset Management own Integra Asset Management, along with a number of other subsidiaries, it's noted in the latest notice all the subsidiaries being acquired that fall under Intiger Asset Management Australia.

Integra Global Solutions is a seperate component that has been operational for years with over 450 staff globally and offices in London, USA, India and a few others. Website for Integra Global Solutions: http://www.globalintegra.com/
Integra was founded in 2004 and they do more than just financial planning paperwork.

Up until very recently both Intiger Asset Management and Integra Global Solutions used the exact same logo, Intiger has now changed that, but i still believe they are connected to IGS still.

Website for Intiger: http://www.intigerassetmanagement.com/#home_section

For me the personnel coming on board (pun unintended) is a major factor, many of these people are high profile figures within the financial world and wouldn't join a speccie stock to see their reputations and business go down the drain.

Mark Rantal former CEO of Australia's Financial Planning Association, has left his position as CEO and first new position is to join Intiger.

Patrick Canion, CEO of iPAC, Western Australia's leading financial planners and connected heavily with AMP.

Mark Fisher; Founder of Intiger Australia and has an extensive past within the financial sector.
He has a linkedin profile if this link works: http://www.linkedin.com/in/fisherma...idx:1-6-6,tarId:1464702578052,tas:Mark Fisher


Matthew Walker, Cicero and remaining on the board of Intiger once re-listed, don't think he has done this for any other stock, MW also has 105 million ordinary shares of SRT. Walker also stated at an AGM last year that he expected at least 10c-20c SP.

Another factor is the minimum 8.5c takeover share price noted as part of the acquisition.

Mark Fisher has also now taken 37.5m shares in payment of a $750,000 debt Intiger owed to him at a price of 2c a share and are going to be held in escrow.

Also the deal itself, all based on performance shares hitting set NPAT milestones (4 milestones, where milestone 3 and 4 only come in to play when 1 and 2 are hit), one doesn't agree to such conditions for their company unless they are very confident of hitting those targets. If they don't hit them all within 3 years they get no shares at all.

It's a complex structure on a global scale, takes a bit of digging to find it all and connect the dots.