Revenue up 23% on FY19 to $429.4m Operating profit flat at $80.5m Net profit after tax up 197% to $160.8m Underlying NPAT flat at $52.6 million Dividend of 1.6 cents per share Shares in Sydney-based logistics tech company WiseTech Global skyrocketed 34% on Wednesday following the release of its 2020 financial year results. The Company… Read more »
Kogan.com co-founders Ruslan Kogan and CFO David Shafer a selling a 6.9% stake in the business as the company’s share price soars to record highs following its FY20 results this week. In a note to the ASX this morning, the company (ASX: KGN) said the duo are selling 7.3 million shares. Kogan shares hit $22.99… Read more »
Gross sales of $768.9 million, up 39.3% on FY19 Revenue of $497.9 million, up 13.5% Gross profit of $126.5 million, up 39.6% Adjusted EBITDA of $49.7 million, up 57.6% NPAT of $26.8 million, up 55.9% Active Customer base of 2,183,000, up 35.7% Fully franked final dividend of 13.5 cents per share, up 64.6% Final dividend… Read more »
Active plans up 235% on 12 months earlier Active customers up 145% on a year ago Active merchants have grown by 48% relative Total Transaction Value in July 2020 was $24.0m, up 114% Revenue was $2.1m v $1.2m in July 2019, up 73% Buy now, pay later fintech Openpay Group Ltd has reported record sales… Read more »
Australian tech entrepreneur Bevan Slattery has seen the value of $2.5 million worth of shares in cloud-based 3D geospatial image venture Pointerra double this morning as investors jumped in the stock in the wake of his investment. Slattery, the billionaire Megaport, NextDC and Superloop founder, took on 50 million shares at five cents each in… Read more »
Shares in US-based, buy now pay later fintech Sezzle (ASX:SZL) had exploded today, up more than 20% in the first hour of trade after the company raised $80 million in an institutional placement. Sezzle shares exploded out of the blocks from $6.95 last Thursday before trade was suspended pending the raise, to climb as high… Read more »
US-based puy now, pay later venture Sezzle (ASX: SZL) has tapped the market for A$86.3 million (US$60m) in the second major raise for ASX-listed fintechs with soaring share prices. The company’s share price jumped more than 40% last Thursday before the ASX called a trading halt following a media speculation of the raise, which represents 8.9% of… Read more »
Investor lust for ASX-listed fintechs continued today with US-based Sezzle (ASX: SZL) skyrocketing more than 50% in Thursday morning trade before the ASX handed the stock a speeding ticket and placed it in a trading halt. While easing during lunchtime trade, Sezzle shares were at one stage up 54% to peak at $7.50 having started… Read more »
Shares in ASX-listed US design software company Altium Ltd (ASX:ALU) fell by more than 12% in morning trade on Monday after the company said its revenue growth for FY2020 will be behind analyst expectations. The global multinational, one of the top 5 tech shares in Australia, saw its shares fall below $32 within the first… Read more »
Thursday was a very good day for ASX-listed buy-now-pay-later venture Splitit which, just before 11am, told the market it had “signed a multi-year agreement” with Mastercard “to accelerate the adoption of Splitit’s instalment solution around the world”. The market was bullish for the Afterpay rival – itself hitting new record highs today before closing at… Read more »
Kogan.com shares have jumped more than 11% in early trade on Thursday morning after the online retailer announced it had successfully raised A$100 million in an institutional placement on Wednesday. Within 30 minutes of trade resuming today, shares in the multi-pronged ecommerce business (ASX: KGN), had climbed to $13.79, up from Tuesday’s closing price of… Read more »
● Kogan.com is raising $100 million on the ASX in a fully underwritten placement at A$11.45 per share ● The price is a 7.5% discount to Tuesday’s closing price of A$12.38 ● An addition $15 million is being raised via a share purchase plan ● The raise is “to act quickly on future value accretive… Read more »
Shares in Zip Co. jumped more than 40% following news that it will acquire the major US buy-now-pay-later venture QuadPay in an all-scrip deal to drive international growth, as well as raising $200 million. QuadPay shareholders will receive up to a 23.3% stake in the Australian fintech (ASX: Z1P) – a maximum of up to… Read more »
The astonishing resurrection of Afterpay’s share price after falling below $10 just two months ago continued today with the buy-now-pay-later fintech’s share price briefly topping $50 in morning trade today. Afterpay (ASX: APT) closed at a new record high on Monday of $49, having announced that interim chair Elana Rubin will step into the role,… Read more »
There’s one clear way to keep investors happy if you’re an ASX-listed tech company, even when you’re not heavily impacted by coronavirus, and Nearmap (ASX: NEA) was the latest to demonstrate what’s now become a major trend in Australian workplaces when it cut the pay of all its staff by 20% and its shares jumped… Read more »
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