Goldfields raises funds for new platform

Financial services provider Goldfields Money has raised $4.2 million from investors as it launches a new digital platform and completes a rebranding.

Perth-based, ASX-listed Goldfields raised the funds through the placement of 4.5 million shares at 95 cents each to new and existing investors, with the price representing a 3 per cent discount to the company’s 20-day volume-weighted average price.

Chief executive Simon Lyons said the funds raised would be used for the implementation of a new core banking system, with the digital platform expected to go live in the first quarter of the 2018 financial year.


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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
336thGoldfields Money4%2%
585thHolista Colltech-33%12%
658thYonder & Beyond-43%0%
731stWestStar Industrial-58%-57%
719 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

$2k Bought
$49k Bought
$930 Bought
Total value as at the date of the transaction
Source: Morningstar


101st-WestStar Industrial$4.6m
102nd↑Yonder & Beyond$4.4m
103rd↓Goldfields Money$4.2m
105th↓Holista Colltech$4.1m
232 listed industrial companies ranked by revenue.
Source: Morningstar

Remuneration from Goldfields Money

918thSimon Lyons$140k
790thPeter Wallace$39k
1596thJames Austin$28k
Ranked by total remuneration from all listed WA companies

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