Highlights
Major Events in Previous Period
- The Company successfully listed on the Australian Securities Exchange on the 7th of November, 2016. The company raised the amount of $7.3 million as part of the initial public offer.
- DomaCom announced a distribution agreement with SuperConcepts during the last quarter, whereby the DomaCom product becomes the Property option within SuperConcepts ISaver superfund– this is a major component of our strategy to grow our FUM in 2017/2018.
- During the last quarter, the DomaCom Fund received an “Approved” investment rating from one of Australia’s most awarded research houses, Lonsec.
- The DomaCom Fund completed its first acquisition of land on behalf of investors during the last quarter. This represented approximately $3.6 million in value. A proposed Residential Estate will be developed on the site. The next stage of this development which will require further capital raisings, will result in the sub-division of the land and the development of appropriate infrastructure including roads and utilities.
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