Althea Group Holdings 

Althea Group Holdings Limited (Proposed ASX Code: AGH) was founded in Melbourne in 2017 with the objective of acquiring the necessary licences and permits to import, cultivate, produce and supply medicinal cannabis for eligible patients across Australia. For that matter, the company had entered into several of the strategic partnerships which enabled the Group to begin importing and distributing five Althea branded medicinal cannabis products in Australia. Importantly, the Company generated its first sales to pharmacies for supply to eligible patients in Australia in May 2018. Recently, the Company has released a prospectus to issue 102,000,000 shares at an issue price of $0.20 per share and will raise a total amount of $19,650,000. It is expected that the shares will be quoted on ASX around 21 September 2018. The objective of the IPO is to increase the growth of Althea Group’s current sales of medicinal cannabis brands, increase domestic production and cultivation and costs, and provide for administration costs and working capital needs. As of now, the group focuses on patient care which strengthens its business strategy. Moreover, the company has developed a complementary education and patient support service through its Althea Concierge mobile application and web-based platform which provides a simple pathway for healthcare professionals and patients to access information and support to navigate the complexities of accessing and prescribing medicinal cannabis. It is worth a watch as the group aims to use the entire proceeds for growth through IPO funding.


Key Offer Statistics (Source: Company Reports)
 

NB Global Corporate Income Trust

NB Global Corporate Income Trust (Proposed Code: NBI) is a newly constituted managed investment scheme, which has been registered with ASIC. Following completion of the Offer, it is proposed that the Trust will be listed on the ASX as an investment entity. The Trust will provide investors with an opportunity to receive monthly income by investing in the bonds of large, liquid companies globally. The main objective of the trust Investment is to provide its Unitholders with a consistent and stable income stream paid through monthly distributions while achieving an attractive level of total investment return (i.e., income plus capital appreciation) over a full market cycle. For that matter, the Trust lodged a prospectus with ASIC on 6 August 2018 to raise $500,000,000 at $2.0 per unit. The Offer made under the prospectus and the issue of shares pursuant to the prospectus are subject to and conditional upon the company achieving the Minimum Subscription of 75,000,000 Units to raise at least $150,000,000. The Company will be listed on the ASX under the code NBI. Opening date of the Offer was 20 August 2018 and the closing date was 7 September 2018. It is expected to list on ASX market on 26 September 2018. The investment objective would be providing a stable income which will be advanced in the form of monthly distributions. However, it also focuses on achieving the capital appreciation. The trust, upon successful completion of the fundraising, would be deploying the funds for acquisitions of investments which would be in line with that of the proposed investment strategy.


Key Offer Statistics (Source: Company Reports)
 

Montem Resources

Montem Resources Limited (Proposed code ASX: MR1) is involved in the principal activities of coal mining and development. The company was established as a private Canadian company in the year 2016. The company is eying to become the operator of metallurgical coal mines in Canada by developing the chinook properties. The company intends to acquire additional coal assets if the opportunity is presented in future. Recently, the company has lodged its replacement prospectus with the Australian Securities and Investments Commission on 14 August 2018. The company is planning to raise $20 million from issuing 40 million shares at an issue price of $0.50 per share. The minimum subscription required is 30 million shares which will raise $15 million and the maximum subscription is 40 million shares. On 27 September 2018, the company is expected to commence trading on ASX on a normal settlement basis. The fund raised through the IPO will go towards prepping Tent Mountain for construction, along with conducting additional exploration on Chinook Properties to support pre-feasibility studies for new mines. In our view, the company holds decent opportunity underpinned by the potentiality for high-quality steelmaking coal, entitled with significant Resource base, received environmental permits, and capability for resource extension through exploration activities. The company, however, is yet to be seen in the coming period with respect to any significant catalysts for growth.


Key Offer Statistics (Source: Company Reports)
 
  

 
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