strong debut 1.32

GOT MY BLU BLOARD UP THANKS ADMIN! :)

Great day for BLU very strong interest on open seems like instos playing this one.

Growth story one to keep watch:

Rundown:

Upon listing, BLU will own stakes in a group of 10 established digital and interactive marketing communications businesses
Each Portfolio Company will operate independently to encourage ongoing entrepreneurial behaviour
BLU will overlay a head office sales function to drive incremental sales
The investment highlights of BLU include:
High Growth Market: A significant portion of the Company’s revenues are derived from the Internet marketing sector which has grown at an estimated 62% pa over the past two years and is forecast to grow at 33% pa to 2008
Established Profitable companies: A portfolio of established and profitable digital and interactive marketing communications companies
Management: A management team with a successful track record in building global internet businesses from Australia. A pool of talented industry specialists across a variety of digital and interactive marketing disciplines.
Potential of innovative Business Model: The ability to provide Australia’s first truly “one stop” digital and interactive marketing and communications company with the provision of a full suite of online and mobile marketing products and services to government and major corporations.
Technology: A portfolio of innovative digital and interactive technologies including mobile, SMS and email platforms, email campaign management, web hosting, eLearning and location based services
Global Expansion: An opportunity to leverage the Company’s business model and technology into international markets
At the $1.00 listing price, BLU will be trading on very attractive FY07 fundamentals:
EBITDA Growth - 66%
EBIT Growth - 75%
PER - 11.7x
PEG Ratio - 0.15



TOP 20:

CRS/COMPUTERSHARE INVESTOR SERVICES *** T O P 2 0 H O L D E R S *** (RSP520:09.40:181206)
BLUEFREEWAY LIMITED/BLU RUN NUMBER 0009 18/12/2006 A.C.N. 122 262 819 PAGE : 1
CLASS GROUP: *G1/ISSUED CAPITAL
HOLDER NO NAME AND ADDRESS UNITS % I/C RANK
RED OCEAN CAPITAL PTY LIMITED 7,482,859 12.41 1

CORPAC PARTNERS PTY LIMITED 4,115,573 6.83 2
TONY CHARARA 3,700,000 6.14 3
MR GREGORY DANIEL 3,233,264 5.36 4
ANZ NOMINEES LIMITED 3,177,500 5.27 5

AMP LIFE LIMITED 2,300,000 3.82 6
NATIONAL NOMINEES LIMITED 1,872,600 3.11 7
COGENT NOMINEES PTY LIMITED 1,738,700 2.88 8
RBC DEXIA INVESTOR SERVICES 1,729,959 2.87 9
AUSTRALIA NOMINEES PTY LIMITED

WESTPAC CUSTODIAN NOMINEES 1,600,000 2.65 10
LIMITED
SANDHURST TRUSTEES LTD 1,500,000 2.49 11

THORNEY INVESTMENTS PTY LTD 1,500,000 2.49 12
RBC DEXIA INVESTOR SERVICES 1,370,041 2.27 13
AUSTRALIA NOMINEES PTY LIMITED

J P MORGAN NOMINEES AUSTRALIA 1,097,900 1.82 14
LIMITED
ACCBELL NOMINEES PTY LTD 1,095,004 1.82 15
BOND STREET CUSTODIANS LIMITED 1,000,000 1.66 16

DESTRA CORPORATION LIMITED 1,000,000 1.66 17
PIRIE STREET NOMINEES PTY LTD 943,500 1.57 18
SIMON LOCK 885,698 1.47 19
WARBONT NOMINEES PTY LTD 750,000 1.24 20

CRS/COMPUTERSHARE INVESTOR SERVICES *** T O P 2 0 H O L D E R S *** (RSP520:09.40:181206)
BLUEFREEWAY LIMITED/BLU RUN NUMBER 0009 18/12/2006 A.C.N. 122 262 819 PAGE : 2
CLASS GROUP: *G1/ISSUED CAPITAL
HOLDER NO NAME AND ADDRESS UNITS % I/C RANK
*** REPORT TOTAL *** 42,092,598 69.83
*** REMAINDER *** 18,182,898 30.17
-----------------------
*** GRAND TOTAL *** 60,275,496 100.00
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TOTAL CURRENT HOLDERS MEETING CRITERIA FOR THIS REPORT: 822
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