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 »
Shares in Booktopia jumped 25% on the opening day of trade for the online retailer as a four-year ambition for founder and CEO Tony Nash came true. The company (ASX: BKG) hit the market at $2.86, a 24% premium to the $2.30 issue price, when trade opened at 11am, before ending the day at $2.72… Read more »
The former Flexigroup, now rebranded as Humm, the name of its BNPL product, is launching a US line of credit, marketed as a BNPL solution in the highly competitive US market in a joint venture with fellow ASX-listed fintech Douugh. The proposed JV will result in “Douugh powered by humm” as a “BNPL” solution involving… Read more »
Underlying Profit Before Tax of $86.1m, up 13% Revenue of $269.8m, up 12% SaaS Annual Recurring Revenue of $134.6m, up 32% Total Dividend of 12.88cps, up 8% Coronavirus has been kind to enterprise software company TechnologyOne (ASX: TNE), with the country’s market leader announcing its annual results to September 30 today with revenue, underlying… Read more »
Ruslan Kogan, CEO of Kogan.com, and his co-founder and CFO David Shafer have scored $75 million windfall after shareholders voted narrowly in favour of granting the duo 6 million share options at a fraction of the current share price. At today’s AGM, the deal, struck in May at an options share price of $5.29, was… Read more »
● Revenue of $26m, up 41% on H1 FY20 and ahead of prospectus ● Loan originations of $167m, up 33% on H1 FY20 ● Loan portfolio increased to $435m, up 42% ● NLAT (pro-forma) decreased to $3.4m, down 57% ASX-listed fintech Plenti Group Limited (ASX:PLT) released its inaugural half-year results as a listed company for… Read more »
Online service directories venture Hipages Group lists on the ASX today, November 12, at 11am, having raised $100.4 million at $2.45 a share in its IPO. Best known for the tradie home improvements site the company takes its name from, it also has marketplaces for pets and natural therapies. Anyone flummoxed by IKEA products can… Read more »
Australian e-tailer Booktopia is planning to list on the ASX in December with a market capitalisation of nearly $315 million. The business lodged its prospectus today, hoping to raise $43.1 million, with an offer of 10.9 million new shares and 7.9 million existing shares at $2.30 per share. Existing shareholders will cash in $18.1 million… Read more »
ASX-listed Amaysim Australia Ltd is offloading another part of its business, hoping to sell its mobile venture to long-term wholesale partner, Optus Mobile for $250 million in cash. The deal follows the sale last month of its power provider, Click Energy, to AGL for A$115 million, and would bring an end to business just a… Read more »
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