A quick update on some of my recent tips.... Have all a great week and go IVZ.....
IVZ
missed on the tick by a few day @ammie, but coming out of T/H tomorrow. Interesting to see what will be announced,,, Prediction 20 cts+
FFX
Almost got over the line. Still a couple of weeks to go. Expect demerger ann of LLL soonish. Has been included in ASX300 Prediction will get over $ 1.--
ANW
Got over the line from 0.001cts to 0.002cts. Firsttin (1SN) should be listed by April6th and should have a strong open. ANW should in theory an trade at least @ 0.003cts. At 0.001 worth a gamble.
TYM
Almost got over the line and now back at support. Let's see if we can get it back on track. Has to stay in channel.
IVT
Got it over the line, but volume way too low. Late news from Friday could trigger a few more buys. Liquidity is problematic.
Inventis Limited [ASX: IVT] - Acquisition of Electronic Circuit Designs Pty Ltd
In accordance with Listing Rule 3.1, Inventis Limited is pleased to confirm that the Group has completed its
due diligence on Electronic Circuit Designs Pty Ltd (ECD) and has today executed the Share Sale Agreement.
The purchase price for 100% of the ECD shares includes
i) The Business Asset valued on a 3 x normalised EBITDA based on ECD’s 2021 accounts, amounting to
approximately $2.2m plus net excess working capital to take into account agreed adjustments, add
backs and deductions to allow for normalised trading; and
ii) The Property Asset portion at $2.1m.
The purchase price will be paid as to the Property Asset portion at $2.1m on settlement and the remainder in
the following tranches,
i) 60% on settlement;
ii) 25% after 12 months from settlement; and
iii) 15% after 24 months from Settlement; and
iv) A further performance earn-out to the vendor, based on a normalised EBITDA in excess of $1m. This
performance earn-out of up to $165k, is payable on or before 31 October 2023.
Additionally, the vendor’s company, R&A Investments Pty Ltd, has signed an ongoing Contractor Agreement
for the provision of management services to ECD at a cost of $150k pa.
Conditions Precedent to Completion
Completion is conditional on the following condition being fulfilled (or waived) on or before the Sunset Date:
ECD procuring that all Secured Parties provide confirmation that they will release their respective
Security Interests from the PPSR at Completion, save for agreed suppliers whose Security Interests will
remain in place at Completion (benefit to Purchaser).
Inventis Limited has now secured long-term funding through its existing funder THN Capital Solutions Pty
Limited. This funding also extends the current fixed term facility, which was deemed as a current liability for
the purposes of the half year accounts, to 1 July 2025. The restructured facility includes additional funding of
up to $3.6m which will be used to fund the ECD acquisition
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