Reclaims Global Limited ("Reclaims Global" or the "Company") is offering 20m shares for its IPO on Catalist at $0.23 each. 18m shares will be via placement with 2m shares for the public offer. The offer will close on 7 March 2019 at 12pm. The market cap is $30.1m. Principal Business The Company is based in Singapore and provide services to the construction industry, specializing in the recycling of construction and demolition waste, customization of excavation solutions and operating fleet management.  The 3 key lines of businesses are presented in the table below:
Financial Performance
Reclaims Global revenue has been declining over the last 3 years and net profits has also decreased from $6.9m to $3.2m in FY2018. For the 6 months FY2019, the revenue was stagnant and it also reported a loss due to share based payment. Excluding the share based payment, the EPS is also stagnant at...