Australia's largest stock trading and investment forum Australia's #1 stock forum

CFO

Click for more information

0.00%

1.9¢ cfoam limited

Touchstone, page-4

First 4 Last

Share
Profile

Follow
Dome Strategic

313 Posts.

12

10/04/18

17:13

Post #: 32354542
Share

Originally posted by Gator21 ↑

Let me try and spell this out .... Cfoam was developed by Touchstone (Brian Joseph) years ago after almost a decade of R&D and circa $60mill of US govt backed funding. Cfoam is the vital ingredient in all Touchstones products/parts/tools/etc which go into supplying customers like NASA , Boeing, US Department of Defense and many more.. Now as Touchstone grew it needed more Cfoam so rather than expand the production capacity themselves they decided to spin it off as a completely separate business which is now the ASX listed company Cfoam limited (CFO). Think of us as a lumber yard for CFOAM.. We make it, they buy it and whiz bang they make a Boeing 747 wing tool. But now due to its unique properties (strength, weight, Fire resistant, etc) we have demand from literally hundreds of other customers world wide who will use it for 100's of different applications. rack m and stack 'm!! This is a very simple business that (when done right!!!!!!) will make serious amounts of money for decades to come. We just need to get there!!

Expand

i Believe that Brian Joesph is also a substantial holder of CFO stock (10pct?)

CFO Price at posting: 18.0¢ Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Week 48 Wrap: ASX flirts with 8,500pts; APRA declines mortgage loan easing; Trump's Bessent tied to Dem donor

There are more pages in this discussion • 10 more messages in this thread...

First 4 Last

Add CFO (ASX) to my watchlist