Kingpin1
5 years ago
iClick Interactive Acquires Majority Interest in Optimal Power Limited
PR Newswire PR Newswire•February 18, 2020
HONG KONG, Feb. 18, 2020 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, today announced that, subject to certain closing conditions, it has agreed to acquire an 80% equity interest in Optimal Power Limited ("Optimal Power"), a subsidiary wholly owned by Creative Big Limited ("Creative Big"), both incorporated under the laws of the British Virgin Islands. Creative Big is wholly owned by Mr. Kenny Sin Nang CHIU ("Mr. CHIU"), a veteran businessman in Asia. Creative Big has secured a network of premium media licensing assets in countries including Singapore, Greater China (including Hong Kong), Australia, India, Indonesia, Philippines and Malaysia and as part of the transaction, Creative Big would inject the selected media licensing assets into Optimal Power.
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Mr. CHIU, who has over 30 years of experience in the business field and has served as a member on boards of directors for a number of Hong Kong listed companies, across various industries. His strong network has helped build up the premium media licensing assets that Creative Big owns today. The Company will finance the acquisition through the issuance of certain number of American Depository Shares (the "ADSs") at a price of US$3.9 per ADS, which is 7% premium to the 14-day VWAP as of 14 February 2020.
"This transaction represents an exciting step for our company. The success of such execution will not only give us the ability to enrich our offerings, but also a vital step toward our profitability improvement this year," said Jian "T.J." Tang, iClick's Chief Executive Officer and Co-Founder.
About iClick Interactive Asia Group Limited
iClick Interactive Asia Group Limited (NASDAQ: ICLK) is an independent online marketing and enterprise data solutions provider that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, iClick's proprietary platform possesses omni-channel marketing capabilities and fulfils various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and is currently operating in ten locations worldwide including Asia and Europe.
For more information, please visit ir.i-click.com.
About Creative Big Limited
Creative Big provides digital marketing resources in various fields, including digital marketing channels, content marketing and social media marketing. In addition to acquisitions and strategic investments, Creative Big promotes the early development of new business models with its media resources and experience.
Safe Harbor Statement
This announcement contains forward-looking statements, including those related to the Company's business strategies, operations and financial performance. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's fluctuations in growth; its success in implementing its mobile and new retail strategies, including extending its solutions beyond its core online marketing business; its success in structuring a CRM & Marketing Cloud platform; relative percentage of its gross billing recognized as revenue under the gross and net models; its ability to retain existing clients or attract new ones; its ability to retain content distribution channels and negotiate favorable contractual terms; market competition, including from independent online marketing technology platforms as well as large and well-established internet companies; market acceptance of online marketing technology solutions and enterprise solutions; effectiveness of its algorithms and data engines; its ability to collect and use data from various sources; ability to integrate and realize synergies from acquisitions, investments or strategic partnership; fluctuations in foreign exchange rates; and general economic conditions in China and other jurisdictions where the Company operates; and the regulatory landscape in China and other jurisdictions where the Company operates. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
In the United States:
iClick Interactive Asia Group Limited
Core IR
Lisa Li
John Marco
Phone: +86-21-3230-3931 #892
Tel: +1-516-222-2560
E-mail: ir@i-click.com
E-mail: johnm@coreir.com
Kingpin1
5 years ago
his early conversion will not only help enhance iClick's balance sheet with a decreased debt level but also better align investors' interests
HONG KONG, Feb. 18, 2020 /PRNewswire/ -- iClick Interactive Asia Group Limited ("iClick" or the "Company") (NASDAQ: ICLK), an independent online marketing and enterprise data solutions provider in China, today announced that Marine Central Limited and Tech Famous Limited have voluntarily elected to convert an aggregate of $30 million, which is the entire outstanding principal amount of the convertible bonds the Company issued to them on November 11, 2019 and December 12, 2019, respectively (collectively, the "Notes"), into Class A ordinary shares, par value US$0.001 per share, of the Company at a price of US$7.8 per share, which is at an approximately 7% premium to the 14-day VWAP of the Company's American Depositary Shares, each representing one-half of a Class A ordinary share of the Company, as of February 14, 2020.
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"This early conversion sends a clear signal to the market that our important investors have the utmost confidence in our ability to execute and unlock shareholder value, would like to support our development, and believe the stock is currently underpriced. This transaction will also serve to substantially reduce the debt on our balance sheet, availing capital to promote the growth of our core business, as well as various new corporate development initiatives," said Jian "T.J." Tang, iClick's Chief Executive Officer and Co-Founder.
The Notes originally bore interest at the rate of 5.0% per annum and were convertible at the option of the holder into the Company's ADSs, each representing one-half of a Class A ordinary share of the Company. The Notes were also callable at the option of the Company upon payment of the applicable redemption price.
About iClick Interactive Asia Group Limited
iClick Interactive Asia Group Limited (NASDAQ: ICLK) is an independent online marketing and enterprise data solutions provider that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, iClick's proprietary platform possesses omni-channel marketing capabilities and fulfils various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick was established in 2009 and is currently operating in ten locations worldwide including Asia and Europe.
For more information, please visit ir.i-click.com.
Safe Harbor Statement
This announcement contains forward-looking statements, including those related to the Company's business strategies, operations and financial performance. These statements constitute "forward-looking" statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company's fluctuations in growth; its success in implementing its mobile and new retail strategies, including extending its solutions beyond its core online marketing business; its success in structuring a CRM & Marketing Cloud platform; relative percentage of its gross billing recognized as revenue under the gross and net models; its ability to retain existing clients or attract new ones; its ability to retain content distribution channels and negotiate favorable contractual terms; market competition, including from independent online marketing technology platforms as well as large and well-established internet companies; market acceptance of online marketing technology solutions and enterprise solutions; effectiveness of its algorithms and data engines; its ability to collect and use data from various sources; ability to integrate and realize synergies from acquisitions, investments or strategic partnership; fluctuations in foreign exchange rates; and general economic conditions in China and other jurisdictions where the Company operates; and the regulatory landscape in China and other jurisdictions where the Company operates. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.
For investor and media inquiries, please contact:
In China:
In the United States:
iClick Interactive Asia Group Limited
Core IR
Lisa Li
John Marco
Phone: +86-21-3230-3931 #892
Tel: +1-516-222-2560
E-mail: ir@i-click.com
E-mail: johnm@coreir.com
/
Kingpin1
5 years ago
Why iClick Interactive Asia Group Limited (ICLK) Stock Suddenly Spiked Today
By Samuel Moore - February 19, 2020
Big changes are happening at iClick Interactive Asia Group Limited (NASDAQ:ICLK), which makes the stock worth watching today. The company is among the top gainers of the stock market today, skyrocketing 5.41% or (0.21 points) to $4.09 from its previous close of $3.88. Does this growth mean it the best stock to buy right now? The shares seem to have an active trading volume day with a reported 272010 contracts so far this session. ICLK shares had a relatively better volume day versus average trading capacity of 190.77 thousand shares, but with a 3.62 million float and a 2.65% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for ICLK stock indicates that the average analyst price target is $7.87 per share. This means the stock has a potential increase of 92.42% from where the ICLK share price has been trading recently.
During the recent trading session for iClick Interactive Asia Group Limited (NASDAQ:ICLK), the company witnessed their stock rise $0.37 over a week and surge $0.45 from the price 20 days ago. When compared to their established 52-week high of $5.75, the high they recorded in their recent session happens to be higher. Their established 52-week high was attained by the company on 02/25/19. The recent low of $2.73 stood for a -29.24% since 08/15/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Palo
6 years ago
ASX Release
11 December 2018 2017
Animoca Brands signs strategic China partner, expected to add US$8m (A$11m) annual revenue
Closed A$6 million capital raise to fund expansion of business
Highlights:
? Animoca Brands and China-based iClick Interactive Asia Limited (NASDAQ: ICLK) establish strategic partnership
? The Company will become a strategic reseller of iClick in a transaction which is expected to provide to Animoca Brands initial revenue of US$8 million (approx. A$11 million) per annum
? Animoca Brands and its subsidiary Zeroth will analyse and monetise iClick’s data platform of over 780 million user profiles
? The deal diversifies Animoca Brands business model by generating revenues in other parts of the gaming, media and technology ecosystem, as well as expanding the Company’s footprint in China
? Animoca Brands intends to invest up to US$2 million to develop the media and advertising opportunity, including developing products and services to monetise iClick’s China audience data
? To support the expansion plan, the Company has raised A$6 million at a premium of $0.098 per share from strategic investors including Katherine Yip (founder of Pacific Alliance Group and co-founder and partner of Vina Capital), Moses Tsang (founder of AP Capital and founding chairman of Goldman Sachs Asia Pacific), Sonny Vu (founder of Misfit), and Yat Siu (Chairman and co-founder of Animoca Brands)
Animoca Brands Corporation Limited (ASX: AB1, the Company) is pleased to announce that it has entered into a Collaboration Framework Agreement (the Framework Agreement) with leading independent online marketing and data technology platform iClick Interactive Asia Limited (NASDAQ: ICLK, “iClick”) to establish a strategic partnership with the goal to jointly develop and grow an online marketing business serving the video game sector.
iClick is an independent online marketing technology platform that connects worldwide marketers with audiences in China. iClick offers omni-channel marketing capabilities and fulfils marketing objectives in a data-driven and automated manner, helping both international and domestic clients reach their target audiences in China.
iClick was ranked China's largest independent online marketing technology platform in terms of gross billing in 2018 Q1-Q3 by Frost & Sullivan.
Animoca Brands and iClick (the Parties or Both Parties) aim to achieve synergies by leveraging their respective strengths, namely iClick’s advanced online marketing and data technology
Animoca Brands Corporation Limited
ACN 122 921 813
Level 7, 333 Collins Street, Melbourne VIC 3000
insert-text-here/
platform and its data assets of over 780 million Chinese user profiles, and Animoca Brands’ expertise in mobile gaming, blockchain, artificial intelligence, and international markets.
Under the Framework Agreement, Animoca Brands and iClick agree they will utilise the expertise of the Company’s artificial intelligence subsidiary Zeroth for data analysis to monetise iClick’s users profile data.
The Company intends to invest up to US$2 million to develop the media and advertising business including building and developing products and services to monetise iClick’s China audience data.
Reseller Agreement
As set out in the Framework Agreement, both parties are working to finalise a strategic reseller partnership wherein Animoca Brands (or a subsidiary or affiliate) will become a strategic reseller of iClick’s online marketing services, with the goal to assist iClick to expand into the international video gaming markets currently served by Animoca Brands.
As specified in the Framework Agreement, the parties will work together under an arrangement to be formalised in the Reseller Agreement which is expected to generate revenues for Animoca Brands of around US$8 million (about A$11 million) in the calendar year 2019.
Animoca Brands will pursue opportunities in creative services, app development, branding and AI by making available additional services and/or solutions to iClick, to iClick’s clients, and to the Company’s own clients and partners.
The Reseller Agreement is expected to be executed in the near term.
Zeroth collaboration
The Parties expect to leverage access to data provided by Animoca Brands’ subsidiary Zeroth and receive support from Zeroth in the analysis and application of data through artificial intelligence systems and approaches.
Strategic rationale
The Company believes that the partnership will unlock significant opportunities for new audience reach and revenue generation in China, the world’s largest mobile gaming market with over 25% of global games revenue. According to a recent report from market intelligence firm Niko Partners, China’s mobile games domestic revenue is projected to grow from US$16 billion in 2018 to US$24.7 billion in 2022, and the number of mobile gamers is set to increase from 598 million in 2018 to 720 million in 2021.
On average, adults in China spend 3 hours a day on internet activities (source: eMarketer, May 2018), and digital media is an integral part of the lives of hundreds of millions of Chinese consumers.
Digital media has proven highly effective at reaching targeted consumers. China is the world’s second largest market in terms of digital advertising spend, estimated at US$62.6 billion in 2018
Animoca Brands Corporation Limited
ACN 122 921 813
Level 7, 333 Collins Street, Melbourne VIC 3000
insert-text-here
(source: eMarketer, October 2018); the partnership with iClick therefore offers notable opportunities for the Company to increase the market share of its products and services in China.
Strategic Placement
In order to support business expansion, the Company has raised A$6 million at a premium of A$0.098 per share from strategic investors including Katherine Yip, the founder of Pacific Alliance Group and co-founder and partner of Vina Capital, Moses Tsang, the founder of AP Capital and founding chairman of Goldman Sachs Asia Pacific, Sonny Vu, founder of Misfit (later acquired by Fossil Group for US$260 million), and Yat Siu, chairman and co-founder of Animoca Brands. The number of new shares to be issued is 61,224,490. The Company intends to issue the shares utilising its existing placement capacity under ASX Listing Rule 7.1.
Management commentary
Yat Siu, the co-founder and chairman of Animoca Brands, commented: “By partnering with iClick, we aim to significantly expand the marketing and distribution capabilities of Animoca Brands in China. We look forward to collaborating with the largest independent Chinese online marketing platform, and to utilise this rare opportunity to leverage - including through our AI subsidiary Zeroth - the valuable data assets of over 780 million Chinese user profiles.”
-END-
About iClick Interactive Asia Limited iClick Interactive Asia Group Limited (NASDAQ:ICLK) is an independent online and data marketing technology platform that connects worldwide marketers with audiences in China. Built on cutting-edge technologies, our proprietary platform possesses omni-channel marketing capabilities and fulfills various marketing objectives in a data-driven and automated manner, helping both international and domestic marketers reach their target audiences in China. Headquartered in Hong Kong, iClick Interactive was established in 2009, currently operating in nine locations worldwide including Asia and London.
About Animoca Brands
Animoca Brands (ASX: AB1) leverages gamification, blockchain, and artificial intelligence technologies to develop and publish a broad portfolio of mobile products including games such as The Sandbox, Crazy Kings, and Crazy Defense Heroes as well as products based on popular intellectual properties such as Garfield, Thomas & Friends™, Ever After High and Doraemon. Animoca Brands is the exclusive China distributor of CryptoKitties. The Company is based in Hong Kong, Canada, and Finland. For more information visit www.animocabrands.com or get updates by following Animoca Brands on Facebook, Twitter or Google +.
Contact: press@animocabrands.com
bpvitale
14 years ago
And nice job on the ICLK...
These guys are really killing it, though i think its unfortunate that CEO Mathews is moving on. Having said that, the company did post very strong third quarter results as well as raised Q4 guidance, and the stocks got a lot of momentum behind it right now as all the analysts revise their models and raise estimates.
Just remember though that revenue growth is expected to really decelerate in 2011 with revenue estimates next year of around $121 million, or just a 25% increase over 2010 as compared to the 80% YoY increase in 2010 and 146% increase in 2009 (I think revenues grew almost 240% in 2008). Which means, if true, I think the stock could lose a lot of its momentum investors as next year unfolds, and some of the shine off the stock.
As for INUV, they too just posted very strong third quarter results IMHO with revs up 53% YoY to $14.3 million, gross profits up 63% YoY (good leverage), expanding profit margins, a smaller operating loss and a nice jump in EBITDA to $1.2 million as compared to just $52k a year ago.
Management continues to divest themselves of the few remaining non-core assets, with just one small remaining property left to sell, and seems very well positioned to now exploit their platform and growth initiatives.
Again, if investors think ICLK is undervalued and trading at around 1.5x sales, INUV is difinitely worth a very hard look down here at just 0.6x sales.
I added to my position just today.
Helium-3
14 years ago
bpvitale, thanks for the tip on inuv, i found this from the SEC filing. Looks great.
CLEARWATER, Fla.--October 5, 2010-- Inuvo® (NYSE Amex: INUV) announced today that revenue for the quarter ended September 30,
2010 would be approximately $14.1 million. This represents a 23% growth over the $11.5 million reported in the immediate prior quarter and a
52% increase over the $9.3 million reported in the third quarter of 2009. Management will be presenting at the 2010 Craig-Hallum Capital
Group’s Alpha Select Investor Conference being held at The Roosevelt Hotel in New York City on Wednesday, October 6, 2010 at 12:55 p.m.
Eastern Time. The presentation will be available via live webcast and available on the Investor Relations section of the Inuvo website at
www.inuvo.com/investor-relations.
About Inuvo®, Inc.
Inuvo®, Inc. (NYSE Amex: INUV), is an online marketing services company specialized in driving clicks, leads and sales through targeting that
utilizes unique data and sophisticated analytics. To find out more about how you can work with Inuvo, please visit http://www.inuvo.com .
Comparable companies include: ValueClick, Inc. (VCLK), Marchex, Inc. (MCHX), InterCLICK, Inc. (ICLK) , LookSmart, Ltd. (LOOK), and
Local.com Corp. (LOCM).
bpvitale
14 years ago
Sound Analysis - Also watch INUV
I agree that ValueClick and others in the industry/sector currently trade at multiples between 2-3 times price/sales and that ICLK is currently trading below the group, at roughly 1.6 times price/sales. I like CEO Mathews very much, have been following him for a couple of years now and think he's done an outstanding job.
For those who own it at lower levels, congrats, and i think the stock will continue to perform well as the company continues to roll out their new OSM platform.
Another small competitor that maybe worth paying attention to is INUV, a stock i've been buying over the last nine months. INUV just recently pre-announced two weeks ago and expects reveneus to jump 52% YoY to just over $14 million and a 23% increase secquentially. They've got a new management team in place and all the insiders continue to buy stock.
With $51 million in TTM revenues, INUV is currently trading at just 0.6 times price/sales, so if ICLK is undervalued 1.6 times price/sales and going higher, INUV may really be cheap (relative to the group).
And if we apply a 2.6x multiple, it puts INUV at around $1.50 per share.
Good luck.
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