Sheffield Green Limited will be looking to raise $6 million via the Catalist board. With an aim to IPO on 30 October 2023. Introduction IPO Closing Date: 26 October 12pm IPO Price Per Share: $0.25 Public and Placement Tranche: 3.6 million Public and 20.4 million Placement Implied Market Cap: $46.6 million Nature of Business: Human Resource Service for Renewable Energy Sector Company Net Profit: 2.4 million USD for 1st 9 months of FY 2023. (FY is from July to June) Assuming a 3.2 million USD Profit. This translates to an implied PE of 10.6 What i dislike about the company 1) CFO Credentials It is fair to say that this is a new CFO that has just joined in November 2022. However, he does not have a very ideal portfolio. He was executive director for CW Group Holdings Limited from 2008 to 2018 (The company went bankrupt in 2020) He was also CFO for Zheng Li Holdings from Jan 2016 to May 2019. While things were ok when he left,...