2 Tech Driven Stocks – DN8 and FFG

tech

Dreamscape Networks Limited (ASX: DN8)

Dreamscape Networks Limited is under the IT sector. The company provides domain names, hosting, and technology solutions. The company provides affordable and innovative online solutions which help businesses to maintain and grow their online presence. It is the owner of Australia’s leading domain brand Crazy Domains and Singapore’s popular hosting provider Vodien Internet Solutions.

Dreamscape Networks Limited recorded 1.111% gains in today’s trading session, opening at A$0.090 and finally settling at A$0.091. Although the stock provides a negative return of 25% over the last three months, during the last one month, DN8 delivered the positive return of 11.11%. 

In its update for the six months to 31 December 2018, Dreamscape Networks has mentioned that the company is expected to report the revenue amounting to $ 35.1 million over the previous corresponding period which was $29.3 million. Statutory EBITDA is anticipated to be in a range of $ 1.45 million to $ 1.65 million for the 2018 half year (over the previous corresponding period which was $ 0.75 million). It is expected that the company will post a booking (cash-based revenue) amounting to $ 36 million (over the previous corresponding period which was $30 million). Statutory Net Profit After Tax is anticipated to be in a range of $ 4.2 million to $ 4.4 million (over the previous corresponding period which was $ 2 million).

Fatfish Blockchain Limited (ASX: FFG)

The shares of Fatfish Blockchain Limited closed the day’s session at A$0.014 (25 January 2019), up by 7.692%. The company has 677.03 million outstanding shares with the market capitalization of circa $52.81 million. The stock has delivered the negative return of 27.78% over the past three months. During the last one month, FFG delivered the negative return of 23.53%.

Fatfish Blockchain Limited (previously known as Fatfish Internet Group Ltd) is a venture capitalist firm that invests in potential businesses so that they can grow and succeed. On 24 January 2019, the company has announced that their subsidiary Fatfish Disruptive Ventures Ltd has completed the first tranche investment. They have invested USD 250,000 for 5% equity in Epsilon capital. The company has also mentioned that Epsilon capital has received a USD 1,000,003.47 investment from a strategic investor, Explosive growth limited for 33% of the enlarged capital of Epsilon capital.

During the September quarter, the company has entered into a definitive share subscription agreement with blockchain fund of funds, Epsilon capital management Ltd. By this the company would invest USD 500,000 in return for additional 10% shareholding, due to this the company will get a total of 20% shareholding in Epsilon capital. The company has entered into a binding agreement with Snaefell Ventures AB so that the company can acquire 100%.

The company’s receipts from customers for the Q1 stood at A$ 721,000, and till a year to date (9 months) it amounted to A$ 2,490,000. As at 30 September 2018, the company had cash and cash equivalent of $389,000 (over the previous corresponding period which was $ 775,000).


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