STTCOMP LPE FA LONG Beaten down electricity retailer that RTO'd...

STTCOMP LPE FA LONG

Beaten down electricity retailer that RTO'd at $1 per share and is now very cheap at 42c. $23m market cap with revenues increasing significantly year-on-year with 12.6m revenue last half year (up 53%) and mgmt forecasting $32m for the full year up from $20m last financial year.

Funding facility with the world’s largest investment fund- BlackRock for up to $30m (despite having a market cap of $22m) so no cap raise on the way. BlackRock have options at $1 per option.

Detailed half year report: https://hotcopper.com.au/threads/ann-half-yearly-report-and-accounts.4658121/#.XID53ygzZPY