From the AFR yesterday:
The investor roadshow for ASX hopeful Shriro Ltd starts this week with joint lead managers Wilson HTM and ANZ Securities looking to raise $50 million for a market capitalisation of $100 million.
The Sydney-based group markets and distributes a range of company-owned brands including Omega, Robinhood and Everdure, as well as third-party-owned brands Casio, Blanco and Pioneer.
Profits have increased nearly 40 per cent over the past two years with year-to-date sales up 10 per cent, fuelled by continued growth in national building activity.
Shriro is tipped to be priced at 9-to-10 times earnings and offer a dividend yield of 7 per cent.
