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Market Information

18th June 2020

Thursday, June 18, 2020

COMING WEDNESDAY 24th June 2020 to PrimaryMarkets a new Private Trading Hub for Animoca Brands which was listed on the ASX until 9 March 2020 (ex-ASX:AB1) with approximately 2,400 shareholders and a market capitalisation of circa A$170M.

Also, Andean Mining Corporation has signed a binding Term Sheet to merge with Erinbar Limited and list on the ASX and is now raising capital through the issue of per IPO Convertible Notes.

Finally, we look at the substantial increase in enquiry and interest in Employee Share Ownership Plans (ESOP) during COVID.


PRIVATE TRADING HUBS

Animoca Brands was listed on the ASX until 9 March 2020 (ex-ASX:AB1) with approximately 2,000 shareholders and a market capitalisation of circa A$170M. In FY2019, it reported A$17.8M in unaudited revenues (up 39% year on year) and A$6.9M in deferred revenues, with record receipts from customers of A$24.9 million (up 83% year on year).

Animoca Brands is an award-winning technology company that leverages gamification, blockchain, brands, and artificial intelligence to develop and publish a broad portfolio of digital products including mobile games, virtual decentralized worlds, and fitness solutions. Animoca Brands and its subsidiaries offer several products based on popular intellectual properties including Formula 1®, Power Rangers, Garfield, Snoopy, and various others. The group has also developed successful original properties including The Sandbox, Crazy Kings, and Crazy Defense Heroes.

Animoca Brands is based in Hong Kong with offices in the USA, Canada, Finland, and Argentina. Shares in Animoca Brands will soon be able to be traded (buy and sell) on our Platform.


CAPITAL RAISINGS

Andean Mining Corporation: This Australian unlisted company has purchased 100% of the high grade El Dovio VMS copper/gold advanced exploration project in Colombia and signed a binding Term Sheet to merge with Erinbar Limited and list on the ASX.

Erinbar has entered into a farm in agreement on the Ducie gold project in Ghana. Following the IPO the Company also intends to undertake exploration on the Ducie project.

The Company is now raising A$250,000 through the issue of convertible notes as working capital funding to an IPO which is planned for Q4 2020.

The Notes will convert at a 20% discount to the IPO issue price or at a 40% discount if the IPO does not go ahead using a base price of A$0.05. The Notes will attract a 15% coupon rate which will be capitalised and converted into Andean shares prior to the IPO.

For more information and a video presentation Click Here.


EMPLOYEE SHARE OWNERSHIP PLANS


We have seen a substantial increase in enquiry and interest in Employee Share Ownership Plans (ESOP) during COVID – with employers keen to make sure their workforce is aligned, motivated and focused.

The academic research around ESOP’s is overwhelmingly positive – businesses with an ESOP not only outperform, outgrow and outlast but are also preferred employers. The average outperformance is somewhere between 7 – 23 % (depending upon what performance aspects you are measuring) – either way it is substantial.

As business owners look to exit and with baby boomers reaching 65 at over 5,000 per week two key themes emerge:

  • Financial Harvest – focus on cashing in and extracting maximum value from the business after years of hard work.
  • Stewardship / legacy – focus on preserving the legacy of the owners – looking after key stakeholders – employees, clients, suppliers.

An ESOP can provide the best aspects of both – a combination of financial harvest (selling the equity at a good price) and stewardship by enabling the key people to buy the business and continue its culture, style and character. An ESOP also has the significant benefit of being a more gradual and controlled exit allowing a smooth handover of control, upskilling of key people to run the business and more time to finance the transition.

Link to download ( free ) e-book - https://successionplus.com.au/build-it-ebook


 

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