Cyber security services provider Smarttech 247 has been planning to join AIM for more than one year and it has finally arrived. The cash raised and conversion of loan notes mean that there is a strong balance sheet to propel growth.
There will be €1m spent on new products and moving into new geographical markets. Another €200,000 will be spent on technology development. That leaves plenty of cash for working capital.
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The share price ended the first day of trading at 30.5p (29.5p/31.5p) and more than 23,000 shares were traded via six bargains. Nearly 90% of the shares are tightly held so...
