Proactiveinvestors Australia

To IPO or not IPO? This is a question asked by many seeking the public route in Australia in the current turbulent times. Around 15 companies have made the journey in the last three months - Proactive Investors is here with the performance review.

With the gold price up around US$1,600 an ounce, brokers are re-considering the potential of some small-cap gold explorers.

Ezeatm’s ATM technology and proven service history has earned it yet another Preferred Supplier Agreement further driving revenue growth. The agreement with Australian United Retailers provides access to close to 600 supermarkets, food and convenience stores spanning seven states and territories nationally.

Applying the valuation metric that Direct Cash paid for the acquisition of Customers Limited ($269M price tag) per ATM to the 2000 ATM’s currently held by EZEATM would produce a valuation for EZATM of $90.0M, or $1.38 per share. This is relative to current EZEATM share price of $0.45.

Energy stocks have made the broker agenda of late, with uranium and oil and gas companies sparking interest and attracting favourable share price targets.

Ezeatm has seen substantial national expansion recently with Preferred Supplier Agreements secured with the A$3 billion capitalised Metcash. The company will present at “Stars in 2012” in Sydney. Also presenting is Southern Hemisphere Mining, Pancontinental Oil & Gas, AusTex Oil, Titan Energy Services and Eastern Iron.