SkyFii gets $4 million boost
Published 02-NOV-2015 15:01 P.M.
|
1 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
ASX-listed tech play SkyFii (ASX:SKF) has raised $4 million as it chases a revenue pipeline of about $40 million.
SKF told its shareholders today that it had issued $4 million in new shares at 15c each, a 6.3% discount to its last trading price.
However, the oversubscribed placement targeted new institutional and retail investors through Wilson HTM meaning the stock will have new equity to play with into the future.
It said the cash would go toward bolstering its balance sheet and speeding up the company’s ambitious growth plans.
While SkyFii currently operates in Australia, Brazil, and South Africa, it is also targeting the UK, EMEA (Europe, Middle East, and Africa), and US markets
It has previously said it has a revenue pipeline worth about $40 million over a five-year span, with $7 million of that contracts accounted for or contracts in the process of being set up.
SkyFii says it has a $40 million revenue pipeline
The remaining sum, it said, was “highly qualified sales opportunities” in advanced commercial discussions.
About $35 million of the overall $40 million pie came from analytics alone, suggesting more upside.
About SkyFii (ASX:SKF)
SKF is a data play which captures, stores, and analyses behavioural data of retail customers through Wi-Fi channels.
It builds, manages, and monetises free public wi-fi which is widely available in most shopping malls by creating a content channel for advertisers and analysing customer data to assist retailers make better decisions.
SKF previously told investors it had a potential pipeline of more than 450 retail malls lined up for the 2016 financial year.
Want more on SkyFii?
SkyFii sends revenue expectations sky high
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.
