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DTC, Damstra Holdings Ltd
nipper
post Posted: Oct 16 2019, 02:16 PM
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In Reply To: blacksheep's post @ Oct 16 2019, 02:00 PM

Morgan Stanley research highlighted
QUOTE
...three key risks for the business: customer concentration, revenue and earnings exposure to changes in the Aussie dollar to greenback exchange rate and relatively low cumulative research and development investment possibly hindering the sustainability of its competitive position.

Damstra's combined global total addressable market was $US15.6 billion in 2018 and expected to grow to $US20 billion by 2020. According to the research, Damstra's revenues have increased at a 37 per cent compound annual growth rate (28 per cent organic) since the 2017 financial year.

"We forecast 39 per cent revenue growth in the 2020 financial year, driving EBITDA margin expansion to 20.1 per cent from 7.7 per cent in FY19," the analysts wrote.

The fast growth comes in the wake of Damstra being cast aside in early 2016 by labour hire firm Programmed after it merged with Skilled Group in a $750 million-plus deal. Damstra was owned by Skilled at the time of the merger, but was sold for $7 million after Programmed decided it was a "non-core" asset. Damstra's client based includes AGL, Glencore Coal, CPB Contractors and the NSW government's Department of Industry




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"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

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Said 'Thanks' for this post: blacksheep  
 
blacksheep
post Posted: Oct 16 2019, 02:00 PM
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IPO - commenced trading - SP up 40.56% @ $1.265

From their website - https://www.damstratechnology.com/investors
Damstra closes IPO book, secures $49.3m for listing
Damstra in the Australian - Echoes of Aconex
Damstra in the AFR - Emulating Wisetech

Top 20 Shareholders
DAMSTRA HOLDINGS LIMITED/DTC 16/10/2019
NAME AND ADDRESS UNITS % I/C RANK
RISJEF PTY LTD 14,680,000 10.68 1
<J & C RISSEEUW S/FUND A/C>
DAMSTAR PTY LTD 13,670,000 9.95 2
<C AND N DAMSTRA FAMILY A/C>
NATIONAL NOMINEES LIMITED 11,629,166 8.46 3
HSBC CUSTODY NOMINEES 11,241,177 8.18 4
(AUSTRALIA) LIMITED - A/C 2
MERRILL LYNCH (AUSTRALIA) 8,744,444 6.36 5
NOMINEES PTY LTD
J P MORGAN NOMINEES AUSTRALIA 6,938,782 5.05 6
PTY LIMITED
MR JOHN COLIN LOOSEMORE & 6,540,000 4.76 7
MRS SUSAN MARJORY LOOSEMORE
<LOOSEMORE SUPER FUND A/C>
HSBC CUSTODY NOMINEES 6,006,248 4.37 8
(AUSTRALIA) LIMITED
DAMSTRA SUPER PTY LTD 5,220,000 3.80 9
<C&N DAMSTRA FAMILY SUPER A/C>
FORTIGEN PTY LTD 5,000,000 3.64 10
ROSELEE RIDGE RESOURCES PTY 4,580,000 3.33 11
ELLERSTON CAPITAL LIMITED 3,740,000 2.72 12
<QPIPO A/C>
CHOCOLATE PEARL PTY LTD 3,660,000 2.66 13
<CINJAN A/C>
CS THIRD NOMINEES PTY LIMITED 3,444,447 2.51 14
<HSBC CUST NOM AU LTD 13 A/C>
FAIRCHILD ADVISORY PTY LTD 2,884,444 2.10 15
ILWELLA PTY LTD 1,968,889 1.43 16
XWSL HOLDINGS PTY LTD 1,500,000 1.09 17
<KRAMERS FAMILY A/C>
MORGAN STANLEY AUSTRALIA 1,482,643 1.08 18
SECURITIES (NOMINEE) PTY
LIMITED <NO 1 ACCOUNT>
MR PIETER CHRISTIAAN SCHOLTZ 1,310,000 0.95 19
HURWITZ FAMLY PTY LTD 1,280,000 0.93 20
<THE HURWITZ FAMILY A/C>
*** REPORT TOTAL *** 115,520,240 84.06
*** REMAINDER *** 21,907,534 15.94
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*** GRAND TOTAL *** 137,427,774 100.00
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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 



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