STTCOMP CFO, FA LONG
SOI: 93.5m
Cash: $9m
MC: $18.7m
EV: $9.7m
Highlights:
- 20 Years of US Government funded research (more than US$60m spent to date)
- 50% of first years’ material pre sold
- Pipeline of potential sales opportunities is +AU$100m
- Best in class technology disrupting existing markets
- Strong operating margins and cash flows from production
- Very strong management team including Toby Chandler MD of SMN (50c to $2.5 in last 12 months) & Gary Steinepreis who is a is a director of a number of ASX listed companies
Main properties of CFO product:
- Low Coefficient of Thermal Expansion
- Permeable Open porosity up to 85 percent
- Fire Resistance CFOAM passes all key fire tests including radiant panel, smoke generator, toxicity, cone colorimeter, fire resistance and room corner tests
- 27 Patents cover both manufacturing and end use applications of various CFOAM products in the US and globally
Ok to wrap this up we have a great product which has already had 50% of its stock pre sold, with the addition of being in talks with the US Navy for a $70m contract. The directors are top class and they received $90m in bids in the IPO raise. The EV is 16% of the amount that has been invested in the product which is just crazy. Will be one of the best IPOs of the year no doubt.
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