Tapping into small scale capital

Written on the 7 April 2009

 

A TURBULENT ASX has Australia’s largest unlisted securities platform launching a raft of new initiatives as part of its push to promote the $117 billion sector.
The Australian Small Scale Offerings Board (ASSOB) represents 55 companies totalling around half a billion dollars.
ASSOB CEO Paul Niederer, says the new initiatives will not only provide unlisted companies with better tools from which to raise capital, but will also provide investors with better access to information regarding investment opportunities.
“The unlisted companies’ sector makes up 43 per cent of Australia’s GDP so is a substantial contributor to our economy in terms of both finance and employment,” says Niederer.
“For a long time now the sector has not been properly understood and our aim is to ensure both company founders and investors have access to tools that will help them grow, ultimately boosting the sector.
“Given the current financial climate, with cash and listed companies proving volatile, the unlisted sector is offering excellent opportunities over and above these traditional investment channels.”
Last year, 82 companies listed on ASSOB’s primary offering board with more than 85 per cent of new listings successful in raising capital.
“Many of the companies listed on ASSOB have a need for experienced directors, senior executives and specialists who can guide them through their development stage, so this will greatly enhance and facilitate these opportunities,” says Niederer.
ASSOB has also established a company governance service designed to assist new company directors with compliance duties.
“When a company raises capital from individuals or institutional investors, good corporate governance is essential and many directors simply don’t understand their responsibilities in this regard,” says Niederer.
ASSOB has also identified a gap in the investment spectrum in the lead up to liquidity or exits for unlisted companies. The board specialises in assisting unlisted companies attract capital, typically in the range of $200,000 to $5 million.
 

Latest News

ASF UNVEILS TRAFFIC PLANS FOR THE SPIT

A SECOND bridge over the Nerang River is the centrepiece of the ASF Consortium's plan to improve traffic flow ...

BHP AND VALE EDGE CLOSER TO $47.5 BILLION SAMARCO DAM DISASTER SETTLEMENT

BHP Billiton (ASX: BHP) and Brazilian mining company Vale have entered into a preliminary agreement with Brazilian fe...

BLK SPORT FOUNDER TYRON BRANT REMAINS CEO UNDER NEW OWNERS

BLK Sport has been purchased from receivers McGrathNicol by a private consortium composed of a TimorLeste-based oi...

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

Related News

CARSALES CEO RETIRES AS NEW COMPETITOR COX FINALISES MERGER

CARSALES will have a new CEO as it takes on a fresh challenger to its crown as the dominant online car sales portal i...

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter