Ann: Quarterly Cash Flow Report and Update, page-7

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williak

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06/02/17

10:58

Post #: 22393214
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Originally posted by stardestr0yer ↑

$1... I was informed that a major institution wanted to bail on their allocation just before listing and broker declined to let them out and as such they dumped on market. I would say many are selling at a loss because they feel there is money to be made elsewhere. Turnover from my point of view is very low daya on day (a few hundred k at most). However from my point of view no negative news has come out and they have actually implemented stuff ahead of guidance. From the last quarterly:

Integration of initial eight businesses is progressing as planned with synergies tracking ahead of pre-IPO expectations

 Intercompany trading between aggregated businesses, and distribution of products and services nationally supported by a coordinated Marketing strategy has commenced.

 Growth opportunities identified and enthusiastically supported by ASG management team

 Common financial reporting platform and controls processes implemented across all businesses in first two weeks of ownership

We really need a trading update in regards to the finances but the issue is that they have only been trading for 1 month. If they meet or exceed their guidances then based on their PE in the prospectus this thing should be trading in the mid $1 range as per Vested updated analysis.

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Stard, thanks mate for your informative details. Vested Equities target is $1.40
4WD Price at posting: 87.0¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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