"The ‘Prime’ contractor relates to a multi-year contract in excess of $200m AUD".
Even if Covata share is 5 to 10% of $200m syndicate-contact
=$10m to $20m,
a bigger revenue than Ionic's $5m to $10m
What is Ionic valuation?
Us$500m= A$650m
p24,25,25
- Ionic
-M&A, takeover activity.
p15 - comparable capabililties of other players
http://www.asx.com.au/asxpdf/20160802/pdf/4390s5mtds09dg.pdf
Some bored shh wants to get out.
They can't wait anymore for rerate.
--
Investment values Ionic Security at over $500 million - Atlanta ...
www.bizjournals.com/...edition/.../investment-
values-
ionic-security-at-over-500-mill....
Feb 12, 2016 -
Kleiner Perkins-backed startup
Ionic Security has raised $40 million and plans ...
The threat of
cyber attacks has become a board-level concern, ...