I have been following these guys for a while and have news on their upcoming IPO. They are the largest Organic Dried Vine Fruit producers in Australia. They export their products to numerous countries around the world and have expanded and grown Organically as well as through acquisitions. Morgans apparently raised $15 mil in Dec 15 Jan 16 and will be underwriting this IPO when they release details in Aug / Sept. The word is Agriculture specialists PAC Partners could be in it as well to bring in some instos. Apparently they are acquiring numerous businesses and will be listing at 9 to 10 times 2017 EBITDA is what I heard from a well connected source to PAC partners. They may raise around $60 mil at the IPO. Apparently their product stands out from the rest of the world and with the whole world is after Clean Green Aussie Food Products, this should do very well. This is the kind of growth stock that appeals to the Long Only Small Cap Fundies who are desperately looking for growth. They have been around apparently for a very long time and are in the Murray Darling Basin area. It will be very tightly held and could even be a take over target from the likes of Bellamy's etc to diversify their base. So all around a great Aussie Business and will be a great float when this happens. Just giving everyone heads up. If you know more about this Firm pls share the info here with us. Cheers.
