Tamawood Limited (ASX: TWD), a company from the consumer durables & apparel sector which is into the business of building residential homes on contractual basis announced that the board of SenterpriSys Limited (SPS) that its proposed listing date will now be on Monday 4 February 2019.
Earlier on 10 January 2019, the company announced that its listing date would be 21 January 2019 after the closure of the capital raising process on 9 January 2019. Based on the excellent response of the capital raising process, it was decided by the board of SenterpriSys for the equal scale back of the major shareholders of the company, i.e., Tamawood and Mr. Lev Mizikovsky group of entities.
Due to this reason, Tamawood was able to receive additional 1,097,800 shares making it a total of 16,425,884 shares into the TWD’s kitty. Previously TWD was supposed to receive only 1,532,800 shares making it a holder of 23.33%. Post this announcement, TWD has 24% holdings in the company’s share.
Earlier the proposed listing date of SenterpriSys’ on the National Stock Exchange of Australia was 21 January 2019 after which the total value of the share of SenterpriSys’ held by TWD will be $1.642 million.
However, on 17 January 2019, the date got extended, and the new proposed listing date will be 4 February 2019. The request is raised to National Stock Exchange of Australia and SenterpriSys is waiting for its final acceptance by 29 January 2019.
The official listing date of TWD on ASX is 14 August 2000, where the overall performance of the company was 121.20%. The performance of TWD remains positive till last five years. However, in last one year, the performance of the company was -11.33%.
As per the annual report of TWD by the end of FY2018, there was an increase in the revenue from the ordinary activities of the company by 0.49% to $123.562 million. The company made a profit of $8.692 million which is down by 4.5% as compared to its previous corresponding year. The company paid the interim dividend of 11 cents per share on 1 June 2018.
The balance sheet of TWD shows a net asset base of $13.523 and a debt-equity ratio of 0.99 which indicates that the company is capable of meeting its long-term obligations. Based on the debt-equity ratio it can be said that the company used its resources for any financial requirement during the period. Based on the position of the current asset and the current liabilities, the data shows that the company can efficiently manage its short-term debts as well as its working capital. The total shareholders' equity is worth $13.523 million.
By the end of the FY2018, the net cash and cash equivalent with TWD was $5.455 million.
By the end of the trading on 17 January 2019, the shares of TWD traded flat on ASX with the closing price of A$3.600 with the stock holding a market capitalization of A$92.28 million and PE ratio 10.59x.
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