Australian 2015 Tech stocks and Ipo Update
The tech and Ipo sector in Australia has been a bit sluggish. Here is our most recent round up of IPOS and technology stock recent launches and happenings.
CVC check is one tech company that punters would need to keep an eye one. Perth company CVCcheck that does online screening and verification,plans to soon lodge a prospectus with the ASX to raise 10 Million in an IPO.
CVCCHECK IPO
CVCCHECK IPO Proposed launch price 0.20 Cents
The CVCcheck ipo is supposed to be values at 20 cents a share at launch,with CVC having access agreements to data sources and information with 200 companies . The brokers are said to be Triple C Consulting for this IPO. The company itself does online automated checking and verifying of people documents for police records, work experience and qualifications. It was founded in 2004. The domain www.cvccheck.com.au at this time is yielding no results.
Rent.com.au IPO (RNT)
{News Just before launch} Rent.com.au raising up to $10 million
Current price : 0.200 24 Jun 2015
Digital rental classifieds business Rent.com.au is seeking to raise up to $10 million as part of its backdoor listing through former copper, gold and nickel explorer Select Exploration.
Rent.com.au seems to be the only website that offers the full suite of services exclusively servicing the rental markets. At last count Rent.com.au had over 50,000 active listings. They hope to follow in the footsteps of companies like REA Group Limited (ASX: REA), Seek Limited (ASX: SEK), and Carsales.Com Ltd (ASX: CAR). Rent.com.au is definitely worth a closer look.
AMCOM & VOCUS
Amcom Telecommunications Limited
ASX: AMM – Jun 24 PRICE : 2.60
Vocus Communications and Amcom Telecommunications look set to become a single entity with a combined market cap of over AU$1 billion. The two companies are entering into an agreement that will see Vocus acquire the remaining 90 percent of its former rival.
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TPG said it has no intention of making a counterproposal before this deal was struck.
IF you check our old portfolio which has not been updated for a while here , you would see we have made a profit on this stock.
OTHER IPO NEWS
Medicinal marijuana company Phytotech Medical – http://www.phytotechmed.com/
Current price : ASX CODE: PYL 0.335 24 Jun 2015
Medicinal marijuana company Phytotech Medical has made a stellar stock market debut, at the start of the year in 2015 with its shares doubling in value. Shares in the Perth-based company surged from their 20c issue price to a peak of 40c within minutes of hitting the boards when it had launched. Phytotech is also targeting Canada, Israel and Europe and hopes medicinal cannabis treatment will become available in Australia
The company’s will be positioning itself to break into the multi-billion dollar US market, where medicinal marijuana is legal in quite a few states and banned in some.
