SMJ International Holdings Ltd ("SMJ" or the "Company") is placing out 20.24m shares at $0.28 each of which 14m are new shares and the balance are vendor shares. There is no public offer and the Company will list on 30 June 2014 on the Catalist. The market cap of the company is $21.84m based on the IPO price.
SMJ is a carpet specialist serving the commercial and institutional sectors in Asia and has a track record of more than 25 years.
If you want to know exactly what they do... the picture below will tell u. They lay carpets for your work place.
Financial Highlights
The charts shows a stagnating top and bottom line over the last 3 years. Nothing exciting or worth shouting about.
Based on the fully diluted EPS of 3.5 cents, the IPO is valued at 8x FY2013 PE. It is probably fairly ...
