Derek Handley is to list Snakk on the NZAX: http://www.nbr.co.nz/article/ex-hype...tart-dw-132030
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Derek Handley is to list Snakk on the NZAX: http://www.nbr.co.nz/article/ex-hype...tart-dw-132030
I don't, IPO's are a mugs game. Sparky is right - there are early signs of the mugs returning to the markets.
So are you saying that raising capital via equity markets is a bad thing?
Nz needs more listings. It is fantastic that companies can now use the nzx to raise capital. I don't know if you had noticed, but the nz market has been dying slow death.
I agree, there are mugs returning to the markets. But it is not just in ipos. I have been trading on nzx for 13 years. Never before have i seen such an expensive market.
Even when profits have underwheled, the market does not punish. Think skellerup, michael hill.
More than ever, it is a time to take quick profits and not be too exposed to the markets. Perhaps we could encourage brokers to allow shorting?
hmm interesting they are willing to take the $$ from here but state no staff will be employed here , or was it no sales staff , either or , I found that quite an interesting comment to be made openly.
Noodles i notice your comment that you have never seen such an expensive market,well you should have been around in the 1980s that was an expensive market totally over inflated. For example i bought a hand full of Robert Jones Inv shares in around 1982 before the bull run which cost me around $1500 and with a few share splits and bonus issues along the way i sold them for 75k and i can remember they went up $1 on just one days trading, that was just one stock a lot others were just as hyped but then we all know what happened in October 1987. I also have shares in Snakk.
Sparky yes acquired them via SeaDragon.
Speaking of possible new NZX listings, here's Brian Gaynor's article on IPO prospects for 2013.
Some cautionary reminders from the 1980's included!
http://www.nzherald.co.nz/business/n...ectid=10860095
Snakk will list on the NZAX on March 6 in a compliance listing
They said no prospectus will be released
Is Tim Alpe the son of Chris Alpe, ex Helicopter Line/Tourism Holdings?
Anyone know the marketcap of Snakk and any other IPO details?
This is different from your standard IPO
There is no prospectus, there is no initial offer.
On March 6th you will be able to buy/sell Snakk shares on the market at a price the market determines.
Snakk already has 2400 odd share holders, but is not currently traded on the market.
Like Sparky, I'll stay out at the start as I have enought spec stocks.
Once it lists I will have a better look and may sway one of my spec stocks for it but I think I will want to see some moment first (ie. DIL sales growth or XRO customer growth)
Interested. DMOR.
So I see he is soon to release his book on his thoughts about Motivation and Sucess..cant wait for that. All seems very shiny and promising..couldn't see much in the way of hard details. What is it he selling...a new app for mobile devices? OOOOH...I'm in..not.
I'm interested but already, like the others, have a high weighting on speculative stocks (Xero, Diligent, PEB). But like the sound of Handley enough to probably buy into it. Still trying to pick up a few extra Dilgent at these prices in these final days before announcement(s).
Sure is shaping for an interesting year.
I see company office records show 206,630,124 as total no. of shares. My 2,047 shares were a really big handout!
Showing .065 on NZX site
No sellers until 35 cents. Is that right?
I guess it depends on what the last pre-float share sale was at.
With Revenue of only $1.2m, it sounds way over valued at $62m. A P/Rev ratio of 15-20 is normal for a high growth tech company so any over $20m would be overvalued. I guess it depends on how quickly they can ramp up that revenue.
Never had so much fun watching the market since bonza shares like Aquarius 21 etc
Its complete madness!
Just logged into NZX to see the company has gone up 350% in one day.
Uhhh... what?
Overvalued much?
I only did a tiny bit of brief research prior to this IPO, but I remember reading that Snakk were looking for their growth to be in line with the mobile ad market which forecasters are predicting to grow by about 50% year on year over the next five years in Australia, so if they can do that and enter other markets then yeah they probably can keep growing at that rate for some time.
I never would have expected it to be that crazy out there today, if I did I would have put far more effort into my research and thought about getting in early far more seriously. I put a line through it and moved it into the wait and see what happens category at about 3am on Sunday morning, mainly because I didn't have the time to look into it properly and couldn't be arsed staying up all hours of the night any longer. A 100% profit in less than a day certainly would have made up for the loss of sleep..... Oh well.
With the shares costing less than $5000 this morning I don't think that person has to be either crazy or brave. 5K is pocket change for some and at least one was prepared to take the punt..... good on them. Now I just hope they surface here so I can give them a pat on the back.
Well, if I was the major shareholder, with an imminent SSP in the wings, I reckon I'd happily spend some pin money to hold the price up.......
Sparky The Clown. It impresses a group of idiots. They think it is another Facebook
This is not a positive story.
60 million market cap, virtually no actual business.
In a dozen different ways, I'm seeing dumb money start to get active again.
I'm starting to take a little bit of risk off the table.
Already have enough risk in my portfolio, so I'll be passing for the time being. Those who bought yesterday and this morning will have learnt a lesson the hard way!
Well, I just snacked on some SNK.... picked up 20k at 14c.. there back on the sell at 18c...lets see if i suffer from presnkulation with my buying finger... or end up snkisfied
No, watched the speeches... I think Tumeric put them up.... hes young and smart...oversold now..IMHO.
would be a gibbering wreck though, if I had payed north of 24c
cheers
so, a speculative play for tomorrow then?
Given you actually need to be on the register to be able to participate in the SPP, I guess a lot of the great unwashed picked up small parcels at any old price, just to achieve that status.
I did this with XRO a couple of years ago, paid $1.30 for 200 shares to be able to pick up bulk at 90 cents.
got snakked though, as sold out far too soon.......
I think we need to define 'Snakked' better (buying into a stock at its high only to see its value plummet).
I would consider you got Xeroed (selling out of a high growth stock thinking it can't possibly go any higher. The same fate has been suffered by many ex DIL and RYM holders)
I personally got Xeroed on Trademe and got Snakked on Ecoya
Always interesting to see the nascent beginnings of a new language emerging. They'l be teaching it in podcasts soon. So please translate following sentence from Sharegolian into English.
Hey man what ya doing? Nada dude got Hanovered last night and I'm also Rossed out at the moment. Also Xeroed it with my girlfriend so think I'll Blis it (lay low and chill)
haha nice work :)
Seriously oversold yesterday....watch the pendulum go the other way today.
Thanks Tumeric... fingers crossed.. its a big chasm from 13c to 18c... might be a bridge to far,
Thanks also for that Vimeo link to Derek Handleys speech.. we need a lot more of his ilk, and less of the bludgers, claiments, and troughers .. this country is bedivelled with.
Well played. I'm sure there will be more opportunities as this roller coaster continues!
Thanks... for the complements guys.... ( im not a pro tho moosie... just lucky )... back in the que at 12c.
Those that bought last night have done well.
Rakon holders may yet get Feltexed, .[/QUOTE]
Snakked, Xeroed or Feltexed. Love it! I have been all three from time to time. The risk of taking risk.
is there something restricted about these shares? ASB Securities wouldn't allow me to buy...
yeah i wondered about that. anyway, i decided to take it as a sign that i shouldn't try to be so greedy :)
Good to see the guys behind the business bakery taking a near 12 percent holding in SNK
My question for Snakk would be what is stopping Google coming in and cutting your lunch. The market may not be big enough for them yet, but once it is, they will roll out whatever they are doing in the US globally. It will be an integrated product with web and mobile web which would be better for business compared to Snakks mobile web only.
Their best hope in my view is to get a technology jump on the big guys and aim to be bought out for their IP. Therefore, if you want to buy in, look at their IP and whether it is unique and protected. If they are just a company expanding in a geographical area Google hasn't yet, then it is a no goer.
SNK... looking weak, will look weaker when 17c tips.. next buy at 15c.... reasonable buying strength at 12c.
disc currently not a holder.
None purchased last week Moosie.....volume has collapsed.....expecting with out some supportive news...price will slowly degrade.....any thoughts ?
Yes agree was thinking 9c.. from memory original investors paid 6.5c ( could some one confirm or un confirm the 6.5c.. thanks ) I don't really know a lot about their business plan.. but after watching the video that Tumeric very generously shared, I must say I admire the cut of young Mr Handleys jib.
In an SPP all holders are entitled to buy whatever the limit is, regardless of the size of their holdings. There are exceptions in that countries with requirements for a full prospectus, or the equivalent, are normally excluded. USA is one of these and often companies will take the cautious way out by restricting the SPP to shareholders with Aust or NZ addresses. On rare occasions, NZ has also been excluded, but probably for admin reasons citing such excuses as mail delays.
At least, that has been my experience!
I thought there was a $15k limit or else a prospectus has to be issued. I think the company can also set the number of shares you must hold to qualify (XRO did a couple where you had to hold at least 500 shares - that wasn't worth much back then but now over $5k worth).
I think they also limit to NZ so they dont get caught by other countries disclosure requirements (ie. having to issue a prospectus).
Oops! My comments above relate to Aust SPP's. Better taken with a grain of salt where NZ companies are concerned.
:blush:
Theoretically you can get $15000 worth even if you have a single share. However, often companies put a limit on the size of the capital raising. They company may have to scale back applications when they get too many applicants. One of the strategies for scale back is on a pro rata basis.
Only if the head shares are in demand.Quote:
Every SPP price I have seen has acted as that tagret
There's been plenty of SPP's, admittedly in Australia where they are longer established as a capital raising stratagem - and more numerous - that have failed to "fire" and ended up with shortfalls to the issue and depressed the SP. I've had a few of them - and abstained from a few winners!
:ohmy:
I found that funny too. A PR announcement disguised as an NZX announcement. Those revenue numbers would have effectively been known at the IPO date so nothing new. Just building the hype to position the SPP price higher.
Moosie - stick to caffine, stay away from that sugary Kool-aid.
came acoross this for all of you who follow Snakk..dont know if of any interest
Update on Investment in Snakk Media Limited (“Snakk”)
8:30am, 25 Jan 2012 | GENERAL
CLARIDGE CAPITAL LIMITED
24 January 2012
BY EMAIL: announce@nzx.com
NZX Limited
WELLINGTON
Update on Investment in Snakk Media Limited ("Snakk")
As previously advised to the market, Claridge Capital Limited ("CLA") subscribed for 25,000,000 new ordinary fully paid shares in Snakk at an aggregate issue price of $225,000 (0.9 cents per share) during the course of last year.
CLA's shareholding represented approximately 13.9% of the total number of shares on issue in Snakk at the time of the subscription.
CLA advises that Snakk has recently completed a small capital raising whereby it issued 10.875 million new ordinary fully paid shares at an issue price of 5 cents per share. CLA's shareholding percentage in Snakk has consequently reduced to approximately 13.08%.
I've got in excess of 100,000 shares in 'the good oil co' Seadragon...just need their investment in Snakk to come good to get some funds back from years invested in so many shonky penny dreadful companies b4 Seadragon.....the list must be rather large now!
Snakk creates some 206m shares, farms them out to mates at next to nothing, backdoor lists on rhetoric.....there must be a name for this....'Creative accounting', and their pockets keep filling!
I recently purchased a small amount at these prices just so I can take part in the SPP which i will use to average down my buy in price. Whilst I imagine people will look at the SPP as a target price, it may not get that low in this bullish market. I use ASB Securities and don't have a partnership with a broker and over the last month or two I have missed out on placements from both Sky and Summerset and was disappointed that the price didn't go as low as the placement. I see this as a way to ensure I can buy in at the SPP price. Just my theory - not saying it is right but would like to hear from others as I am new to this stuff.
A big thanks to all the experienced regular posters on here - your input is so important in helping newbies like myself take calculated risks and with all your different views it helps us to better understand these risks.:t_up:
Thanks for the article, moosie. I found the 'comments to the article' field interesting. I'm on the fence with Snakk and Handley. Are trying to pick up a few shares at 0.13 only to give me the option to partake in SPP. Don't think I will be too upset if it doesn't trigger. Time may change that. 8-)
Handley seems to be in a different management space than Drury or Morgan. imho.
Welcome to Australasia. 8+) Can work to our advantage though, as small investors doing our own research and uncovering gems that are too early-stage for brokers/funds, etc to invest in until it shows earnings and is $xx per share. Why would a broker involve his portfolio to Snakk, etc and expose himself to risk when he can get a steady percentage increase from Ryman Healthcare, etc and 'beat the bank' for his investors.
Yes am interested in this one,but no hurry me thinks,the cheaper the better,sorry.
The more I dig into to this the less sure I am about it..... There seems a lot of familiar names on the Share Register that were very instrumental in the whole Plus SMS debacle. Snakk Trustee - Michael John Sorenson holds around 12% of SNK and this is what the NBR had to say about that.
Hewon is a European consortium led by internet entrepreneur Rob Hersov, who NBR understands has business ties to Hanover co-owner Eric Watson.
The third largest shareholder is EJB Limited, with 6.93%. A director of EJB is John Sorenson, a financier and backroom dealer, who was involved in Plus SMS's backdoor listing through the shell of RetailX.
The Securities Commission should release its findings soon before more investors get burnt.
I just wonder why Hendley would involve himself with these guys who have some very poor form. Whilst I like the idea of SNK I am just a little uneasy with some of these associations.
Thanks for that article Moosie, I hadn't read that one before but it certainly connected all the dots. Good incentive for Mr Hendley to make this work!
Take your point Sparky but I just wonder why Hendley would jump into bed with these guys when surely it would be better to be squeaky clean?
Although there appears to be quite a long association through previous ventures.
Remember when Watson was God, and many followed him (incuding me) into ITCapital...yeah right!
I think 6.5c is a fair price to issue the options at. It is the current shareprice that is way over the top. It is the pricing of the SPP that is the critical issue. If they want to get a good takeup it should be priced at 6.5c. Anything more and I wouldn't be as keen, and anything over 10c and I would give it a miss.
Will be watching with interest. If the price drifts a bit lower to a theoretical SPP of say 6.5 or just above,then i might just be tempted to take wee position.
SNK
22/04/2013 16:58
S/HOLDER
REL: 1658 HRS Snakk Media Limited
S/HOLDER: SNK: SNK - Share Purchase Plan & Market Information
SNK - Share Purchase Plan & Market information
22 April 2013
Snakk reveals details of May capital raising initiative, unveils Brisbane
office and Edison research report
New research report values stock at up to $0.20c
AUCKLAND, New Zealand, 22 April 2013 -Snakk Media Ltd., (NZAX: SNK) the
future-focussed 'new screen'start-up that announced a record-breaking
unaudited third quarter last month, is today announcing the date and terms
of its Share Purchase Plan (SPP), as well as the official opening of its new
Brisbane office.
The company, which generates revenue every time an advertisement is delivered
across its networks on a smartphone or tablet, is offering its shareholders
the opportunity to increase their holdings for a fixed price of 12 cents per
share. The SPP offer represents approximately a 20% discount to the volume
weighted average price of the last 30 days and shareholders will have the
exclusive opportunity to buy a maximum of $15,000 worth of ordinary shares in
the company up to a total of $2m .
This deal is only available to shareholders registered prior to 5pm on 1 May
(the Record Date) and will be open from May 6-21.
Snakk is looking to raise capital to fund expansion into new regions, growing
the sales team, adding new technology platforms, and exploring strategic
investment opportunities.
The first independent research report on the company, by London-based Edison
Investment Research Limited, will be released overnight on April 22, New
Zealand time. Once released the report will be available here. Edison
outlined a valuation range of up to 20.6c based on Snakk's current activities
and reported historic take-out multiples on sector transactions.
Since announcing the appointment of Mark Ryan as Group CEO earlier this
month, Snakk has also welcomed a new sales executive, Charlie Raper, to head
its Brisbane office, which officially opens today.
"We are very happy to have Mark on board to take us through this next
exciting phase of growth," says Chairman and company co-founder Derek
Handley. "The SPP is a fantastic opportunity for existing shareholders to
increase their stake in Snakk at a discount to the average trading price.
With a new round of capital raising on the go, increasing revenues and new
offices planned, it is essential we have someone of Mark's calibre leading
the management team and implementing the company's growth strategy."
Mark joined Snakk a year ago as Executive Director. Prior to this he was he
was Chief Operating Officer at Ogilvy Australia, a newly created role at what
was then Australia's largest advertising agency.
"Snakk is at the intersection of brands, technology and the new screens in
our lives, and the business has an amazing journey ahead of it," says Mr
Ryan. "The reality is that mobile advertising spend is vastly
under-represented - as little as one percent of the total digital advertising
budget in our key markets - and we're seeing enormous opportunity out there.
I couldn't be more enthusiastic about the team we have and the results we're
achieving for our clients and shareholders."
All Snakk shareholders on the register as at Record Date (May 1st) will be
sent material and application forms to participate in the SPP. These will
also be available at the Snakk investor website, www.snk.co.nz from the
Opening Date (6 May).
ENDS
For media inquiries, please contact: Julie Landry, Snakk Media, 021 895 098
For investor inquiries, please email: investors@snakkmedia.com
About Snakk Media Limited
Snakk enables brands to reach their consumers on smartphones and tablets,
delivering engaging ads across a network of mobile websites, applications,
and games in a way that is highly targeted, measurable and scalable. The
company's expertise and portfolio of technology aggregates a publisher's
supply of ad space and matches it with an advertiser's demand. Snakk is
deeply committed to building a purpose-driven business that balances
commercial outcomes with a higher social purpose.
Follow Snakk for investor and market updates on twitter.com/snakkir
End CA:00235432 For:SNK Type:S/HOLDER Time:2013-04-22 16:58:52
Well its out spp .12cents up to $15000. See no minimum been mentioned