2 Tech Driven Stocks - DN8 and FFG

3 min read | January 25, 2019 11:40 PM AEDT | By Team Kalkine Media

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%.Â

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).


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.


Disclaimer

The content, including but not limited to any articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, graphs, charts, animations and video (Content) is a service of Kalkine Media Pty Ltd (Kalkine Media, we or us), ACN 629 651 672 and is available for personal and non-commercial use only. The principal purpose of the Content is to educate and inform. The Content does not contain or imply any recommendation or opinion intended to influence your financial decisions and must not be relied upon by you as such. Some of the Content on this website may be sponsored/non-sponsored, as applicable, but is NOT a solicitation or recommendation to buy, sell or hold the stocks of the company(s) or engage in any investment activity under discussion. Kalkine Media is neither licensed nor qualified to provide investment advice through this platform. Users should make their own enquiries about any investments and Kalkine Media strongly suggests the users to seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice), as necessary. Kalkine Media hereby disclaims any and all the liabilities to any user for any direct, indirect, implied, punitive, special, incidental or other consequential damages arising from any use of the Content on this website, which is provided without warranties. The views expressed in the Content by the guests, if any, are their own and do not necessarily represent the views or opinions of Kalkine Media. Some of the images/music that may be used on this website are copyright to their respective owner(s). Kalkine Media does not claim ownership of any of the pictures displayed/music used on this website unless stated otherwise. The images/music that may be used on this website are taken from various sources on the internet, including paid subscriptions or are believed to be in public domain. We have used reasonable efforts to accredit the source wherever it was indicated as or found to be necessary.


AU_advertise

Advertise your brand on Kalkine Media

Sponsored Articles


Investing Ideas

Previous Next
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.