Regarding NUH;
"One of the first orders of business for the incoming Mr Newton will be to leverage Nuheara’s recent $146,000 export market development grant (EMDG), secured upon lodging a successful appeal in response to a refusal earlier this year.
The EMDG scheme is a key Australian Federal Government financial assistance program designated for existing Australian exporters to support their early growth and development. The scheme reimburses up to 50% of eligible export promotion expenses above A$5,000 and provides up to eight grants to each eligible applicant.
Over the past 2 years, Nuheara incurred eligible EMDG expenditure which enabled the company to apply for the federal grants and means it will receive a $143,000 grant this year following the receipt of $73,440 and $72,159 respectively for the 2016 and 2017 financial years."
Not that we need it but some grants to promote exports would be useful when the time comes.
MWR Price at posting:
$3.28 Sentiment: Buy Disclosure: Held
