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An artist's impression of Fastbrick's Hadrian X commercial prototype.

Fastbrick attracts investor for $8m raising

Fastbrick Robotics has locked in a new cornerstone investor through an $8 million capital raising, as it progresses its robotic bricklaying technology.

Perth-based Fastbrick raised the funds through the placement of shares to Hunter Hall Investment Management at a price of 8.1 cents per share, representing a 6.9 per cent discount to the company’s last closing price.

The proceeds of the raising will be used to finish development of the company’s Hadrian X prototype truck-mounted bricklaying robot.

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Comments

Melbourne
The real question is why use brick? It's environmentally highly unfriendly to source the raw materials and produce and is bad for the thermal properties of your house (high thermal mass). Brick use in Australia has already reduced 50% over the past 30 years. Hopefully WA builders will offer customers other materials.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/17

1 year TSR5 year TSR
38thLiveHire304%0%
152ndFastbrick Robotics64%81%
574thAnaeCo-25%-34%
726 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

10/10/17
$0 Other
10/10/17
$0 Other
10/10/17
$0 Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

139th↑Fastbrick Robotics$1.3m
140th-LiveHire$1.3m
142nd↓AnaeCo$1.2m
143rd-MOKO Social Media$1.2m
234 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Fastbrick Robotics

742ndMark Pivac$192k
928thMichael Pivac$133k
487thGabriel Chiappini$111k
Ranked by total remuneration from all listed WA companies

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