It could be a pure compliance listing without any new funds raised. It would also mean that any future funds that did need to be raised could be down quickly and easily as a SPP.
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Agree CJ and Percy. Only a Compliance listing required as with Snakk which is now capitalised at about $35m :cool:
More work to be done before migrating to NZSX.
Bit disappointed as I thought they were ready.
Very disappointing
Stuff up on the accounts
No div info (though understandable)
No progress re listing
And worst of all, going external for strategy advice - sounds expensive an makes you wonder to what extent they are outsourcing their directors role
Revenue up is positive and hopefully the increase in costs will increase the growth rate goin forward.
On the positive side, still profitable and revenue up although not as great as I had hoped. Looks like NZAX listing being considered as no mention of the Unlisted market.
Disappointed in listing progress though as I thought that more progress would have been made here.
Will just have to wait for FY report and the AGM for more info. (and hopefully a divi.) ;-))
For the Shareholder update, divi notice and financials for 2012/13 go to Investor Relations - www.estaronline.com