Newly listed EN1 initiates acquisition strategy to accelerate growth
Published 15-JAN-2018 11:52 A.M.
2 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Los Angeles-based digital advertising and media technology company, engage:BDR (ASX:EN1), has today revealed that it has now actioned its previously foreshadowed acquisition strategy.
Following its successful listing on the ASX in December last year, EN1 is now in a position to accelerate its organic growth through the strategic acquisition of a number of companies it has worked with previously in the ad-tech, mar-tech and social influencer space.
EN1 said it is currently undertaking due diligence on a number of strategically valuable companies, two of which are Australian. One is operating in the adtech space, and the other in the social influencer segment.
The first of these proposed acquisitions should be announced before the end of March this year.
EN1’s acquisition strategy focuses on proven and compelling companies with strong financials, well-honed technology, and a large or rapidly growing user base. The companies under consideration have revenues and are either already profitable or show significant earning potential. Moreover, all of the companies that EN1 is actively considering are able to be acquired at reasonable revenue when compared with their listed peers.
It should be noted that EN1 is in the early stages of this strategy and investors should seek professional financial advice if considering this stock for their portfolio.
EN1 completed its first acquisition in mid-2016 – this was the video platform, myDiveo. EN1 was forced to temporarily halt further acquisitions during the IPO process, but has now reactivated its previous acquisition plan with companies that are keen to be part of the engage:BDR group.
EN1 executive chairman, Ted Dhanik, said: “We are very pleased, having successfully completed our IPO on the ASX, to now be in a position to re-commence negotiations with the various companies with whom we have long been in discussions about acquiring.
“One of engage:BDR’s primary motivations for listing on the ASX was to gain the currency and capital required to execute this strategy and it is great to see that the wheels are now well and truly in motion.
“We look forward to further updating the market as soon as the negotiations reach a sufficiently advanced stage,” Dhanik said.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.