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Servtech sold its rent roll business in September.

Servtech to raise $1m and revamp board

Recently listed tech company Servtech Global Holdings has announced a capital raising of up to $1 million, through a convertible loan facility, and a board revamp as the company seeks to overcome sluggish revenue growth.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

Total Shareholder Return as at 29/03/18

1 year TSR5 year TSR
335thStargroup17%-23%
337thResource Development Group17%-29%
682ndThe Agency Group Australia-41%-7%
684thAvita Medical-42%-11%
824thServtech Global Holdings-91%0%
716 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Revenue

82nd-Servtech Global Holdings$10.7m
86th↑The Agency Group Australia$9.6m
87th↑Stargroup$563k
89th↓Resource Development Group$9.3m
90th↑Avita Medical$8.0m
236 listed industrial companies ranked by revenue.
Source: Morningstar

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