RCI23 Aug 2013 11:49
Todays Investors Chronicle:
Aim For Rapid Cloud:
This week the Alternative Investment Market welcomed RapidCloud International, which helps 36000 small and medium businesses in Malaysia with their web-based services.
RapidCloud is the eleventh Malaysian company on Aim and investors who joined its £1M placing at 54p, will hope the company is as successful as Fusionex International (FXI), a Malaysian enterprise software company that floated on Aim in December at 150p and now trades at 327p.
already well established in Malaysia, having been in business for over 10 years, Rapidcloud went public to scale up its business and fund expansion into Indonesia- and eventually into the rest of South East Asia.
Priced at just eight times earnings for 2013 (post-IPO), giving a maket capitilisation of roughly £9.4M, this is a relatively low entry point for speculative investors looking to gain exposure to two fast growing markets: cloud-based software and Asia. The company pays a small dividend too. One to watch......... END OF
Looks fairly positive to me. Market cap somewhat higher but investors have welcomed this company with a good premium to placing price. Always a welcoming sign.