Find the performance pre IPO very encouraging. Have taken a...

Find the performance pre IPO very encouraging. Have taken a first position based on a healthy balance in their business, where the 4 pillars underpinning future success all appear positive. These are Revenue growth, improving Gross Margin %, continued R &D spend and ‘light’ debt levels.

Will look to expand my position ‘reporting period’ to ‘reporting period’, provided they put the new capital, through the listing, to good use. On the surface, appears a well managed business with a clear strategy.

Likely to stay under the radar for next 12 to 18 months, which should afford us time to build conviction and of course our holdings. All in my opinion of course.

Rokewa