T3K - TEK-OCEAN GROUP LIMITED

[nipper]

TEK-Ocean Energy Services Ltd (T3K) is a leading provider of integrated service solutions for the energy industry, currently weighted towards the offshore energy market, where TEK-Ocean deploys leading industry expertise and equipment to provide customers with a range of integrated services from project feasibility, design, manufacturing, equipment supply, delivery and through field life support.

 

Founded in 2007, TEK-Ocean is headquartered in Melbourne, with offices and operational facilities in regional Victoria and Perth, Western Australia. TEK-Ocean currently employs a full-time workforce averaging 40 personnel and may engage additional casuals, fixed term employees and independent contractors to service its prevailing projects.

 

 

Listing date... 02 September 2021 11:00AM AEST ##

Company contact details .... https://tek-ocean.com.au/

Principal Activities .... Providing end to end service solutions for the energy industry.

Issue Price ... $0.50

Issue Type ... Ordinary Fully Paid Shares

Security code ... T3K

 

Capital to be Raised ... $8,000,000

Expected offer close date ... 09 August 2021

Underwriter...Not underwritten. Sanlam Private Wealth Pty Ltd (Lead Manager)

[nipper]

and T3K trading ..... at and around 50c, the IPO price.

 

I suspect this is not going to be a big mover. The offshore supply boat industry would not be an area of growth; is it industry consolidation or a monetising route for founding / early capital?

 

[Share Cafe Admin]

Jordan Glanville - General Manager - presenting at this Friday's (13/5/22) Hidden Gems Webinar.

 

Register HERE.

 

Thanks