STT Comp FA Long
Sw1 - Swift Networks
Provide Internet, TV - movies on demand, free to air and cable channels alongwith Comms systems to resource sector, aged care and hospitality sector.
Mcap - $30 million. Revenue close to $16 million . 90% recurring revenue and 99% client retention rate. Winning a new client every month. Asian expansion in train. !!! Have clients such as BHP, Chevron , Shell, Icthys, Hancock , Rio. Expanding into aged care and hospitality via 2 acquisitions in Dec.
Already profitable within 6 months of listing . Net profit of $194,000 . If you strip ASX listing costs - $500,000 and implementation of acquisitions in aged care sector then looking at profit of $800,000
Recently, Swift Networks won 5 year contract with Shell's LNG - Prelude offshore plant which will be the worlds largest.
This is in addition to Icthys offshore LNG contract last month.
