sterling first pre ipo

doing a small raise of 3 mill prior to ipo, may be tricky getting stock

Currently doing 10 mill revenue, npat nearly 6 mill and on a Pe of 3.4.

Forecast revenues of 30 mill in 2 years with a doubling of npat meaning Pe about 1.5

Ray Armstrong from Armstrong jones is behind the co, have been in business for about 6 years and expanding

Targeting baby boomers property, rentroll and sales. Appear to be in right sector with talk
of legislative tax changes on baby boomers property.

Broker should be mandated this month, moelis were mentioned with view of ipo asap

Real business with history of dividend payments, earnings and profits in growth sector

Expect small ipo raise so minimal dilution as co doesn't require cash


http://melbourne.us13.list-manage.c...53ada9813ece418400&id=f6e52f1189&e=6dbbd65fd3