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Mark Evans says the facility will improve the company’s overall structure.

Dreamscape in $20m facility deal

Local tech company Dreamscape Networks has agreed to a $20 million cash advance facility with an undisclosed major Australian bank, to fund potential acquisitions.

Dreamscape managing director Mark Evans said the facility would allow the business, which provides internet hosting and domain name registration services, to preserve its equity capital while it pursues acquisition plans.

“The additional funding available will enable us to continue building on our market leadership in Australia and Singapore, as we strive to become South-East Asia’s leading trusted and affordable online solutions provider,” he said.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/09/17

1 year TSR5 year TSR
thVEEM0%0%
282ndIMF Bentham14%11%
285thMareterram13%172%
325thNearmap6%80%
719 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

04/01/17
$19k Bought
03/01/17
$5k Bought
30/12/16
$9k Bought
Total value as at the date of the transaction
Source: Morningstar

Revenue

54th-IMF Bentham$54.4m
55th↑Mareterram$50.7m
56th-Dreamscape Networks$46.5m
57th-VEEM$41.2m
58th↑Nearmap$40.7m
232 listed industrial companies ranked by revenue.
Source: Morningstar

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