Shares & Derivatives
Aedge Group Limited
By Mr. IPO  •  December 6, 2020
Aedge Group Limited ("Aedge" or the "Company") is offering 16m placement shares at 20 cents each for a listing on Catalist. The IPO will close on 10 Dec 2020 at 12pm. The market cap is around $21.2m. As there is no public offering, I will not be spending too much time analyzing this Company. Principal business The Company provides 3 principal services listed below - engineering services, transport services and security and manpower services Group Structure Financial Highlights From the charts above, the key revenue drivers are security and manpower services (around 50%), and evenly split between engineering services and transport services. As you can see that the financial year end is 30 June and the full impact of Covid is probably taken in the accounts as the "heaviest impact" is in Q2 2020. It was likely to be headed for a good year till Covid struck....
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By Mr. IPO
Mr. IPO graduated from NTU with a Bachelor in Accountancy (Honors) and started life as a lowly auditor. The audit experience not only polished up his accounting skills but also made him very skeptical about the financial records of companies. He always read the financial reports with a huge dose of salt ...
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