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 »
The corporate behaviour of online retailer Kogan Australia Pty Ltd has caught the attention of regulators once more, with the company fined $310,800, this time for breaches of Australian spam laws. An Australian Communications and Media Authority (ACMA) investigation found Kogan (ASX: KGN) sent more than 42 million marketing emails to consumers that made it… Read more »
Payments fintech Tyro may already be looking forward to 2022 after a tough start to the year, with lawyers threatening a class action against company, nearly 10% left without working payments terminals and instead shifting to square and a short-seller targeting the business. But investors are sticking by Tyro (ASX:TYR) with its share price soaring… 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 »
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 »
Online retailer Kogan.com is buying New Zealand competitor Mighty Ape for $122.4 million. Mighty Ape’s focus is on gaming, toys and other entertainment categories, and the category leader and is expected to generate revenue for full year FY21 (to 31 March 2021) of around AU$137.7 million, with a gross profit of AU$45.7 million and EBITDA… 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 »
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 »
• Total originations of $80 million in 1Q21, up 265% on 4Q20 • Originations, excluding loans originated under the Government’s Guarantee Scheme, up 107% on previous quarter • Annual portfolio yield of 31.5% maintained • Significantly reduced loan deferrals with 1,681 accounts in ANZ on full or partial deferral Fintech Prospa (ASX: PGL) has seen… Read more »
US-based buy-now-pay-later Zebit bucked the trend for soaring BNPL shares when it made its debut on the ASX today, losing around 34% of its listing price of $1.58 to close at $1.04. The online retailer (ASX: ZBT) with a BNPL offering, which targets “credit challenged” US consumers, raised $35 million in its IPO, but… Read more »
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