Sitesoft – Larger and to be Listed
Sitesoft is investment opportunity with the rare promise of a liquidity event for shareholders via a public stock exchange listing. This will be on the Australian ASX; a far larger public platform than the New Zealand equivalent.
As a reader of TBK Capital’s Opportunities newsletters, you may remember having received an update on the Sitesoft Limited Offer in November last year.
A more recent Newsletter - Borrowing and Investing in 2022 - included most of the Investment Offers we still have available in this New Year. However I’d omitted Sitesoft from it, as at the time I was awaiting an update on progress with the business - which I’ve now received.
Sitesoft is investment opportunity with the rare promise of a liquidity
event for shareholders via a public stock exchange listing. This will be
on the Australian ASX; a far larger public platform than the New Zealand equivalent.
The listing will take place in April - the term sheet for which has
already been agreed and signed. And to assist in the management of the
new combined company, Sitesoft has just appointed a CFO who is
experienced with the ASX.
The merged business
Sitesoft’s recent merger with Lucidity
was settled at the end of 2021. This will be of great benefit to
SiteSoft’s existing and future shareholders - as will of course the ASX
listing. Liquidity equals larger share price.
Lucidity is one of the largest and fastest growing Health & Safety
companies in Australasia and already has large corporate clients in
Asia, the U.K and the U.S.A.
Sitesoft is also geared towards a combination of corporate, enterprise
and government clients, but its range also includes SME’s and tradesmen -
a large number of which already use its mobile Application.
Double your money
So the synergy in the now combined business is very strong and its large size enables the new Sitesoft to list on the ASX.
The expected valuation of the Company for that listing is in excess of
$40 million. The pre-money valuation at which investors are entering
now, is half that at $20 million!
Sitesoft’s attraction as an investment has already been seen. TBK Capital presented the Offer
last November. And even with the late timing and short notice, by the
end of the year it had already raised over $700,000 - with an average
investment per applicant of about $80,000.
Part of the attraction of this Offer, is it’s not that often an
investment opportunity that has a clear exit strategy is available to
our investors.
This does - and even though the Australian acquisition has been
completed, I’ve managed to ask Sitesoft to keep this Offer open until
Friday 11th Feb on the same terms as last year.
Reply to this newsletter or call me on +64 21 902 901 for a copy of the IM.
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The above investment is not an offer of financial products that
requires disclosure under the Financial Markets Conduct Act 2013 (Act)
and is available only to wholesale investors as defined by that Act. It
is intended for distribution only to selected people to whom, under the
relevant laws, it can be lawfully distributed. It cannot be distributed
in any other jurisdiction, or to any other people. It is not an offer or
solicitations in any jurisdiction in which such offers or solicitations
are not authorised, or in which the person making such offers or
solicitations are not qualified to do so, or to any person to whom it is
unlawful to make such offers or solicitations. Any representation to
the contrary would be unlawful. No action has been taken by any person
that would permit a public offering in any jurisdiction where action for
that purpose would be required.
Cheers
John Paine B.Sc., Dip BIA
TBK Capital Limited
Level 10,120 Albert Street
Auckland 1010, New Zealand
Phone +64 9 307 3257
Mobile +64 21 902 901
Email john.paine@tbkcapital.co.nz
For more information, please click the contact button below to send us a message.
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