engage: BDR Limited
The Internet-based marketplace platform and technology solution provider engage: BDR Limited (ASX: EN1) is based in Melbourne, with operations across Australia, the United States, and other countries worldwide. On April 8th, 2019, the company announced that as of date, it had 800,000 unlisted convertible notes in relation to a further drawdown of the Convertible Securities Agreement as announced on January 30th, 2019 and as approved by shareholders at a general meeting held on April 1st, 2019; and around 749,810 fully paid ordinary shares to settle outstanding liabilities.
engage: BDR has also informed that with the end of Q1 2019, the daily average revenue increased by 323% to AUD 48K per day, relative to the start of the Q1. Moreover, the beginning of Q2 2019 has been strong with the first seven days revenue growth of 228% of the first 7 days of Q1 2019. On April 8th, 2019, the EN1 stock price closed the market trading at AUD 0.047, up 4.44% with ~ 84.91 million shares traded. Also, EN1 has generated a high and positive YTD return of 200%.
Fintech Chain Limited
FinTech Chain Limited (ASX: FTC), is a Hong Kong-based investment holding company listed on the Australian Securities Exchange and engaged in the provision of system development and information technology services in the People’s Republic of China. On April 8th, 2019, FinTech Chain received a tender confirmation from Shaanxi Longwill Tendering Co., Ltd., for the Shaanxi Xinhe Integrated Payment System project following their association with Rural Credit Bank’s Funds Clearing Centre (RCBFCC). The contract with RCBFCC was signed back in January 2019, to enable the provision of clearing services for real-time electronic fund transfers, bank drafts, interbank deposits and withdrawals for China’s rural credit cooperatives, commercial banks, cooperative banks and other local financial institutions.
As per the Interim Report for the six months to September 30th, 2018, FinTech recorded a 304% increase in the revenue from ordinary activities to RMB 28.32 million along with a 182.4% rise in the profits to RMB 9.51 million. On April 8th, 2019, the FTC stock price closed the market trading at AUD 0.037, up 2.77%.
Pyrolyx AG (ASX: PLX) based in Munich, Germany, is engaged in the engaged in the transformation of waste tyres and extraction of recovered carbon black. On April 8th, 2019, the company announced to have signed a Letter of Intent (LOI) with one of the largest global tyre manufacturers. The LOI specifies a five-year supply agreement building over two years to 10,000-15,000 tons per annum of recovered rCB, which will initially be supplied both from Pyrolyx’s existing plant in Stegelitz Germany and its plant in Terre Haute Indiana, due to commence operations in June 2019.
As per agreement, there will also be development of further Pyrolyx manufacturing capacity in Eastern Europe with operations expected by end of next two years. The company released its Annual Report for the year ended December 31st, 2018, posting the revenue from ordinary activities at EUR 579,000, up on EUR 347,000 as of December 31st, 2017. With a current market valuation of AUD 49.46 million, the PLX stock price last closed at AUD 0.650, zooming up by 6.56% on April 8th, 2019.
icar Asia Limited
iCar Asia Limited (ASX: ICQ), established in 2012 and headquartered in Kuala Lumpur, Malaysia, develops and operates Internet based automotive portals for used and new car buyers in South East Asia. The company released its financial results for the first quarter of the calendar year 2019 (Q1 2019), reporting the Cash receipts from customers at a record high of AUD 3.8 million, up 25% by AUD 0.8 million as compared to Q4 2018. Strong account renewals mainly drove the rise in Thailand and higher collections from Indonesia’s classified business that introduced paid subscription in September 2018.
Besides, iCar Asia also recorded the unaudited revenue growth of 30% year-on-year to AUD 2.6 million. The net operating cashflows improved by 20% quarter on quarter with a decrease of AUD 0.5 million. Moreover, while Malaysia and Thailand recorded quarterly positive EBITDA and net cash flow for Q1 2019, Indonesia also reported a steady progress as it nearly halved its quarterly EBITDA loss year-on-year. iCar Asia’s current market valuation stands over AUD 86.40 million with ~ 384.37 million outstanding shares. The ICQ stock price soared by 6.67% to AUD 0.240 with the close of market trading on April 8th, 2019.
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