The Director's Commentary of the ASX.
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Cybersecurity company, Mobilicom (ASX:MOB):
has received a $560,000 purchase order from a leading US commercial drone manufacturer for its SkyHopper ProV
Who is the mystery client?
a leading USA commercial drone manufacturer for the agriculture, infrastructure monitoring, disaster relief and public safety sectors.
Buy-now-pay-later company, Zebit (ASX:ZBT):
will be suspended from quotation at the close of trading day, Tuesday 19 April 2022 … pending ZBT’s removal from the official list of ASX.
Bye-now.
Telecommunications company, Flexiroam (ASX:FRX):
has signed an agreement to provide IoT connectivity to Lutikey LLC, a US based company that manufactures LutiBand Smartwatches for Seniors.
See also: Apple Watch.
Private equity company, Teaminvest Private Group (ASX:TIP):
has entered the UK and European markets with the establishment of Teaminvest Private (UK) Limited
All well and good, but then comes the worst sentence I’ve read in an ASX announcement:
… meet the Company’s noble purpose of ‘Transferring Knowledge Between Generations’.
Video technology company, Atomos (ASX:AMS):
Estelle McGechie’s appointment as CEO of Atomos has concluded …
Why?
… because she has not yet relocated to Australia.
Harsh.
Trevor Elbourne, Atomos' Chief Technology Officer (CTO), has been appointed interim CEO and is based in the Company’s headquarters in Melbourne.
Fintech company, Douugh (ASX:DOU) & (OTCQB:DOUUF):
has announced a partnership with Pinwheel to facilitate automatic direct deposits switching for its US customers.
Interestingly:
21% of consumers have their primary bank account in a neobank which is expected to increase to above 45% in the next two years.
We’ll see.
Financial software services company, Iress (ASX:IRE):
has decided not to proceed with the divestment of its UK Mortgages business.
Originally announced on 11 June 2021.
The UK Mortgages business currently:
contribut[es] £16.1m of revenue and £6.4m of NPAT
Why?
During the sale process, global market volatility increased and technology company valuations declined. It became evident that purchasers' valuations were likely to be below levels that represent a reasonable return to Iress' shareholders.
Recruitment Software-as-a-Service company, LiveHire (ASX:LVH):
has signed a SaaS contract with SERCO Australia to run its recruitment services in Australia effective 31 March 2022.
What is SERCO Australia?
a leading provider of public services … operat[ing] across Defence, Justice & Immigration, Transport, Health and Citizen Services.
What’s the contract worth?
AUD$0.5 million over [three years].
Health technology company, InteliCare (ASX:ICR):
has appointed Australian Aged Care and Health Care Industry leader Daniel Pilbrow as the company’s new Chief Executive Officer.
Pilbrow was previously Investment Director for Social Care at AMP Capital.
Mr Pilbrow succeeds Jason Waller who has decided to leave the Company on mutually agreed terms to pursue other business opportunities.
Listed in May 2020 at 20 cents per share — today’s price: 10 cents.
“decided to leave” — hmm.
Resources exploration company, Jindalee Resources (ASX:JRL):
proposes to seperate the Company’s Australian assets into a stand-alone vehicle, NewCo, which will be listed on ASX in order to reposition Jindalee as a pure-play, US lithium developer.
Is pure-play lithium developer the new meme stock? Capturing the Tesla fanboys?
