2 Fintech Operational Accelerator And Incubator Stocks - AVC And FFG

  • Jun 13, 2019 AEST
  • Team Kalkine
2 Fintech Operational Accelerator And Incubator Stocks - AVC And FFG

Accelerators vs Incubators:

Business incubators and business accelerators vary in the way their respective programs are designed. Incubators function on the timeline, which is open-ended and concentrates on the durability of a startup firm. While the accelerators function in a specified period, mostly lasting between 3-4 months, wherein, the startup business shapes its business.

Business Incubators:

Business Incubators provide the start-up businesses with the space for office, as well as shared facilities like telecommunications systems and Internet connections in exclusive premises. It aids the entrepreneurs to resolve issues related to running a company in the start-up phase.

Business Accelerators:

The entities utilizing the business accelerators are start-ups making its way towards becoming an established organization. The business accelerator aims to change business thoughts into models or products. It is a program which aids the entities to develop into a stable and self-reliant business.

Let’s look at the two fintech operational accelerator and Incubator Stocks, i.e. Fatfish Blockchain Limited and Auctus Alternative Investments Limited.

Fatfish Blockchain Limited

About the company:

Fatfish Blockchain Limited (ASX: FFG) was founded in 2011 and was recognized as an incubator partner by the Singaporean government. By the time of its listing on ASX, Fatfish Internet Group became one of the first Internet venture accelerators to go public in the APAC region. The focus of the company is on evolving global technology trends. The company strategically invests across various sectors such as blockchain, fintech, as well as consumer internet technologies.

Recent Update/s:

On 7 June 2019, the company provided an update related to change in interests for one of its directors. Mr Kin Wai Lau, the CEO & Director of FFG, who had 25,709,609 ordinary shares and 5,000,000 unlisted options of the company has acquired another 5,000,000 shares for a consideration of $55,000. Post acquiring 5,000,000 shares, effective 7 June 2019, he now holds 30,709,609 ordinary shares of the company.

On 14 May 2019, the company announced that there was a significant change in the operating environment of Minerium Technology Ltd (Minerium), which is FFG’s 51% owned blockchain mining investee company. FFG also provided an update on relevant market conditions. The details can be read by clicking here.

Financial Highlights:

In Q1 FY2019 period ended on 31 March 2019, the company used A$0.646 million in its operating activities. The cash outflow was in the form of payment made for product manufacturing and operating cost, staff cost as well as administration and corporate costs.

By the end of Q1 FY2019, FFG had net cash and cash equivalent worth A$1.301 million. The total estimated cash outflow in Q2 FY2019 is expected to be A$0.665 million.

Net cash used in operating activities A$0.646 million
Net cash used in investing activities A$0.408 million
Net cash from Financing activities A$1.200 million
Cash and cash equivalents at end of quarter A$1.301 million

Stock Performance:

By the end of the trading session, on 12 June 2019, the price of FFG’s stock was A$0.013. At present, the shares of FFG are trading flat at A$0.013 (AEST 3:14 PM, as on 13 June 2019) on ASX. FFG holds a market cap of A$9.62 million and approximately 740.19 million outstanding shares

Auctus Alternative Investments Limited

About the company:

Auctus Alternative Investments Limited (ASX: AVC) is an ASX listed alternative funds management business with the concentration on private market investments internationally. The mission of the company is to make an investment in exceptional teams and businesses to bring outstanding outcomes for investors.

The company’s strategy includes building an alternative funds management business along with the focus on global private market investments. Its key pillars are in Private Equity & Venture Capital. AVC was founded in 2011 and is headquartered in Australia.

Recent Update/s:

On 12 June 2019, the company announced that it had signed a term sheet dependent on the formal documentation process, in order to establish a US asset management business - RBP Partners. As per the term sheet, Auctus would own 30 percent shareholding directly through the JV in partnership with a New York-based investment team. This investment team comes with substantial experience dealing in infrastructure, as well as new age real estate platforms across North America.

The partnerships would focus on the creation and purchase of large-scale projects via a battery storage entity, targeting the utility consumers in North America. This business is a leading independent storage platform, which is led by an experienced management team, containing various contracted as well as operational projects along with increasing channel of opportunities.

Further, the company would be launching a capital raise of US$25 million, through the special purpose vehicle that will support it in the next stage of growth.

The company also updated that it had raised USD 4.8M for the Unite Us Fund. Unite Us is a USA healthcare technology platform that allows instantaneous synchronization of healthcare and community services, broadly tracking the SDOH.

Financial Highlights:

In Q3 FY2019 ended 31 March 2019, the company along with Gophr management initiated the restructuring of the shareholdings in Gophr.

The company used A$0.366 million in its operating activities. The cash outflow was in the form of payment made for product manufacturing and operating costs, advertising and marketing, staff costs along with the administration and corporate costs.

The net cash inflow through the financing activities was A$0.484 million. By the end of Q3 FY2019, the company had net cash and cash equivalent worth A$0.258 million. The expected cash outflow in Q4 FY2019 is expected to be A$3.290 million.

Stock Performance:

At present, the shares of AVC are trading at A$0.310 (AEST 3:13 PM, as on 13 June 2019), up by 24%. AVC holds a market cap of A$7.25 million and approximately 28.99 million outstanding shares.


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