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  1. 1,913 Posts.
    lightbulb Created with Sketch. 1199
    i agree! this could be a huge windfall for us because, as most of us know, Lemon Sky is our golden goose, profitable & massively undervalued under KWL's/iCandy's stewardship; therefore, spinning it out in a Malaysian IPO (where it was founded, is headquartered & currently employs +600 full-time talents!) could unlock many bags for current shareholders given its growth (revenue & profit almost doubled in 2 years!) since our acquisition in 2021 when it had only 450 employees & $14.8m revenue:

    prior to acquisition:

    https://hotcopper.com.au/data/attachments/5422/5422380-68c3d107dbbe5280f100f9160042d662.jpg
    last FY:

    https://hotcopper.com.au/data/attachments/5422/5422383-a2f4f271cd9c55f6e1ef9b2c4eed5699.jpg

    https://hotcopper.com.au/data/attachments/5422/5422392-17fdc983345a7dbd8718e7f5a0a0e8a4.jpg

    massively undervalued:

    https://hotcopper.com.au/data/attachments/5422/5422389-fb6ae8afb13703f2c01ca85ee1eb15ff.jpg
 
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