CFO - CFOAM Limited - Aussie Stock Forums

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  1. #1

    Post CFO - CFOAM Limited

    CFOAM Limited is involved in the development and commercialisation of the CFOAM® products and end use applications.

    CFOAM® is a registered trademark that describes a wide range of next generation carbon products. CFOAM® carbon foam is designed to meet growing demand for ultra-high performance engineering materials in the military, industrial, aerospace, and commercial product markets.

    It is anticipated that CFO will list on the ASX during August 2016.


  2. #2

    Default Re: CFO - CFOAM Limited

    Boom! First day of listing and this one has jumped up more than 200% from its IPO price of $0.20. Currently at $0.615 and looking quite strong. Over nine million shares have changed hands so far.

  3. #3

    Default Re: CFO - CFOAM Limited

    Had a very strong finish to close at its daily high of 70c on good volume.

    Was always going to have a good opening with an EV of just $9million. The existing sales and revenue alone justified much higher. I think their main problem will be keeping up with demand rather than finding customers, their current potential sales pipeline is $100 million.

    Will be keen to see where it goes over the next few days and where it settles.

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