This company seems to have a monopoly position in a niche market within the communucations industry.

Major risks include commercially competitive technological advances in the cellular / mobile radio market.

positives include monopoly market share with very high barriers to competitive entry (high startup costs etc).



Forsyth barr are have a valuation range of $2.29 - $2.64. Although they are the lead brokers for the issue.

Listing May 6th, issue price of $1.75 giving a market capitalisation of $35m.

Prospectus forecasts a divvy of 12.8pc per annum, (with the an interim dividend payout in May straight after listing).

According to Forsyth Barr the issue has been VERY popular. I managed to get a few - not as much as I would have liked, anyone have any interesting thoughts on this company?