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QED Occtech share placement

FUNDS raised from a share placement to clients of local stockbroker Hartleys will help co-producers of electronic transaction technology, QED Occtech, develop production for the company’s interest in Transaction Solutions International (TSI). The $600,000 capital raising will be achieved through the issue of 15 million shares at 4 cents each. TSI is a business focused on the commercialisation and deployment of transaction payments hardware, including ATMs and EFTPOS in Asia. TSI expects a joint venture it recently entered into with Indian-based Securitrans will enable it to enhance market penetration in the ATM and EFTPOS sectors in the short term. QED’s shareholders approved in late 2004 the acquisition of a 35 per cent minority interest in TSI, which included a requirement for QED to provide additional working capital instalments. This latest capital raising follows one undertaken by QED in February in which it raised $500,000 in a placement of 50 million shares at 1 cent each to clients of Kirke Securities.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 31/10/18

1 year TSR5 year TSR
147thProteomics International Laboratories33%0%
327thrent.com.au0%-22%
437thTransaction Solutions International-14%-6%
752ndLiveHire-62%0%
843rdMedibio-89%-33%
744 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

25/09/18
$0 Issued
31/05/18
$500k Issued
31/05/18
$50k Issued
Total value as at the date of the transaction
Source: Morningstar

Revenue

126th↓Medibio$2.5m
127th↑rent.com.au$2.5m
128th↑Transaction Solutions International$2.3m
129th↓Proteomics International Laboratories$2.1m
130th↑LiveHire$2.1m
239 listed industrial companies ranked by revenue.
Source: Morningstar

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