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YPB Group Limited (ASX:YPB) is into anti-counterfeiting technology development and sales. The company has a global presence with operations in segments like Covert Forensic Products, Digital Solutions, and Print Solutions.
The company has recently announced that in accordance with the commentary provided in the Half Year Report released 31 August 2018, the final payment has been made to close out the loan facility provided by Bracknor Worldwide Investments Ltd.
In accordance with a Deed of Release in place between YPB and Bracknor, the relationship between the two parties is now finalized. Following this news, the share price of YPB increased by 6.667 percent as on 7 December 2019.
The company in the recent past has announced that it has appointed Mr. Anoosh Manzoori as a non-executive director. Mr. Manzoori has twenty years of experience as an investor and advisor and has a specialization in technology companies. Mr. Anoosh Manzoori is a director of M&A corporate advisory firm, Shape Capital, and the executive chairman of First growth funds limited which led $1.5 million convertible note investment in YPB recently. Earlier Manzoori founded one of Australiaâs largest cloud companies. He has been one of the most active investors and corporate advisor in the blockchain and digital asset industry in Australia. Mr. Anoosh Manzoori has a bachelorâs degree in science and a graduate diploma of business enterprise.
As per the Chairman and Chief Executive Officer of YPB, Mr. John Houston, the Board is very excited to have Mr. Anoosh as a part of the company in a pivotal time where the company is seeking to scale its operations and commercial growth, incorporate blockchain and the development of the world leading Motif microtechnology. Mr. Anoosh has vast corporate and commercial knowledge and a global network of contacts.
The company has also updated on its commercial activities in China. As announced on September 7, 2018, the company has entered into an agreement of channel partner with Shenzhen Meixin Electronics. Meixin is the supplier to one of the worldâs top three smartphone manufacturers. YPB announced that the revenues have started to come from millions of product units using the companyâs tracer solution.
Moreover, on October 3, 2018, the company have announced to have started revenue generation from the Chinese shampoo brand rolling out approximately two million bottles. From the companyâs lead, it has anticipated that other brands and bottling groups who use same plastics might be encouraged to adopt YPBâs solution, thus providing the opportunity to expand revenue from this channel partner.
The company in its half-yearly results announced to have significantly reduced losses for the period H1 2018, with revenue increasing by 22% and reported post-tax loss improved by 44%. Now, let us quickly look at the performance of YPBâs stock and the return it has posted over the last few months. The stock of YPB traded at $0.016. The company has posted a negative YTD return of 11.76% and produced a negative return of 40.00% over the last six months period, with a 52-week high price of $0.070 and a 52-week low price of $0.011.
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