Andrew Bassat will step down as MD and CEO of Seek, the online jobs site he co-foundered with his brother, Paul, at the end of the financial year, with former CBA boss Ian Narev taking over from July 1. Narev joined seek as COO and chief executive of its Asia Pacific and Americas division in… Read more »
Revenue up 51.1% to $112.6 million Underlying EBITDA (adjusted for IPO and conversion of preference share costs) up 502.3% to $8m 4.2 million orders shipped FY21 revenue forecast increased to $217.6million with EBITDA of $12.9 million. $19.78m loss due to $4m in IPO costs and share conversion Record growth from newly listed online book… Read more »
When tech billionaire Bevan Slattery emerged with a $2 million stake in ASX-listed Rent.com.au last Tuesday, having bought a 10% of the proptech startup at 5 cents a share, the company’s share price surged more than 200% on the day. The Megaport and NextDC founder bought in through Capital Trust, his family’s early stage investment… Read more »
The $20 million IPO of online cycling marketplace BikeExchange Ltd hit the ASX today with an initial surge in value before crashing out to end the day down more than 11% on the 26 cents issue price. The shares (ASX: BEX) jumped 23.1% to hit 32 cents after the company announced ahead of its debut… Read more »
A $3.6 million funds transfer by Cann Group to an overseas contractor building the medicinal cannabis company’s Mildura factory has been stolen in what’s been described as a “complex and sophisticated cyber fraud” by an unknown hacker. The company (ASX: CAN) reported the breach to the market this morning, saying it “experienced a cyber security… Read more »
The endorsement of tech billionaire Bevan Slattery’s name on a share register has worked its magic with investors once again, with ASX-listed rent.com.au seeing its shares up more than 200% after he took a strategic investment at $0.05 cents a share in the company’s raise of $2.75 million. In lunchtime trade on Tuesday Rent (ASX:RNT)… Read more »
Micro-X has received funding commitments of $30.5 million to help expand its US footprint and fast-track new lightweight x-ray products. The publicly-listed company announced to the Australian Securities Exchange (ASX: MX1) this morning it had received funding commitments totalling $30.5 million for new fully paid shares at 34 cents each. It is also proposing to… Read more »
Booktopia Group (ASX: BKG) saw revenue jump by more than 50% in the second half of 2020, while earnings rose by more than 500%. The e-commerce retailer, which listed on the ASX in December at $2.30 a share, posted 52% increase in revenue first half to December 31, 2020 to $113 million (H1 FY20: $74.5 million); … Read more »
2020 was a good year for ASX tech stocks The S&P/ASX All Tech Index (ASX: XTX) is proof. See the chart above – it’s the green linen and even beat the US Nasdaq (light blue line. The index launched in late February last year, just before Covid-19 hammered the economy – and within four weeks,… Read more »
● Q2 quarterly revenue of $102m (up 88% YoY). ● BNPL December revenue $40.2m (up 94% YoY). ● Transaction volume of $1.6b (up 103% YoY). ● December transaction volume of $628.4m (up 104% YoY). Shares in buy-now-pay-later fintech Zip Co Ltd (ASX: Z1P) have jumped more than 12% in early trade on Thursday after the… Read more »
Buy-now-pay-later fintech Zip has nearly doubled the amount it raised in its Share Purchase Plan (SPP), issuing more than 10 million new shares worth $56,739,524. Zip (ASX:Z1P) set out to raise $30 million through the SPP, but also accepted an extra $26,739,524.95 in oversubscriptions from eligible shareholders, who could subscribe for up to $30,000 worth… Read more »
Payments fintech Splitit (ASX:SPT) has announced a deal with the Google Store in Japan for instalment payments on the new Pixel 5 mobile phone, Nest products and Chromecast streaming devices. The company’s share price jumped more than 10% in morning trade, peaking at $1.425, following news that the deal had been inked. Splitit CEO, Brad… Read more »
Afterpay will receive an early Christmas present next week, joining the elite S&P/ASX 20 Index of the 20 largest companies by market capitalisation on December 21, alongside the likes of Coles, CBA, Rio Tinto, BHP and CSL, as the company’s share price continues to soar The fintech (ASX: APT) now has a market cap of… Read more »
Data analysis company Nuix’s dramatic debut on the ASX continued for a second day with the company’s share rising 13% to $9.06, having jumped as high as $10.95 in intra-day trade on Monday. Shares in the 20-year-old Sydney-based, global risk, compliance and security software company skyrocketed an astonishing 63% from the $5.31 issue price during… Read more »
A marketing campaign by Kogan.com that the Federal Court declaring “false and misleading” has cost the online retailer $350,000 as well as legal costs. Competition regulator the ACCC launched legal action against Kogan.com last year over the 2018 “tax time savings” alleging that the company increased prices on 621 products, in most cases by at… Read more »
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