View Full Version : ENS - Enprise Group (MYOB Business software)
Timesurfer
08-05-2020, 09:22 AM
A company starting to gain momentum?
GENERAL: ENS: Datagate Investor Update - May 2020
Highlights from Q1 2020
March annualised recurring revenue (ARR) at $1.1M (NZD) up 133% on last year
and 31% in the quarter
Signed customers increased from 73 to 95 up 30% with another 10 customers
added this April
International customers increased from 40 to 70
Datagate v2.6 rolled out with significant new capabilities for larger
customers
haewai
13-08-2020, 05:15 PM
Annual results due soon, will be a 15 month 'year' and with increased shares of various investments. https://enprise.com/nz/news-blog/category/2275/investor-news
Disc: holding
haewai
14-08-2020, 06:50 PM
Good to see a typically discursive and insightful Sharesies discussion start following my note above. Not sure how Mr "I'm up 15%" is going to get on selling tomorrow though.
Timesurfer
14-08-2020, 08:09 PM
I wonder what sparked the recent interest. Been no buyers for months and then a flurry of activity. Now a delayed report.
haewai
16-09-2020, 09:37 AM
Very happy with that result. Significant growth from all investments. 2c dividend with DRP. Cash flow positive and profitable. Net assets double current share price.
Timesurfer
16-09-2020, 10:02 AM
Quite the result indeed. Good job I took a gamble and partook of the last round of capital raising.
jorge_telosa
22-10-2020, 10:14 AM
https://www.nzx.com/announcements/361891
Seems like a good undertaking...
AUCKLAND, 22 October, 2020. Hi-tech software and services investment company Enprise Group (NZX: ENS) will pay $335,038 to take up its full allocation of shares in a rights issue of its joint venture Datagate Innovation as Datagate chalks up 359% growth in monthly recurring revenue in the US.
Enprise’s management team has a strong track record in building profitable businesses, clocking up more than $50 million in successful venture capital deals. Enprise Group is positioning to repeat its winning formula with Datagate Innovation, a global SaaS telecom billing provider.
Datagate aims to raise between $750,000 and $1 million through the rights issue, which closes October 31st 2020. Offered at $2.20 per share, the capital raise gives Datagate a pre-money valuation of $12.2 million. If Enprise Group 2,010,397 shares in Datagate with an unaudited carrying value of $847,390 were valued at the October 2020 rights issue price of $2.20 per share, the value of the investment would be $4,422,873.
Datagate is planning a Series A capital round in August/September 2021.
Most of Datagate's revenue and growth comes from the US with its primary market of 100,000 technology service providers. More than 90 of Datagate’s 150 customers are in the US, with the rest in New Zealand, Australia, UK and Canada. In September 2020 Datagate reached $1.2 million in annual recurring revenue. US monthly recurring revenue grew by 359% during EOY March 2020. Datagate plans to grow annual recurring revenue to USD $2 million (NZD $3 million) by December 2021.
Market demand for Datagate has not slowed down since the Covid-19 outbreak, as its clients are busy supplying advanced unified communications systems and remote working solutions to their customers.
haewai
05-05-2021, 12:08 PM
Wondering what caused the sudden spike this week. No news and looks like lots of small volume trades. No chat on the Sharsies FB forum, so is there a youtuber promoting the profitability and growth of reselling MYOB?
Timesurfer
21-06-2021, 03:26 PM
Definitely my WTF stock of 2021.
Someone must know something or there is a lot of no idea buying pressure?
Only 14 mil shares or so on issue -- with speeding ticket a while back .. NZReg Co still seem too busy elsewhere
to notice or blissfully unaware that the red light hasn't come on again .. ;)
but Jorge (further above) may have uncovered some sort of answer for the rapid SP growth ;)
In recent weeks there are examples of US Listed Small Caps with low issued capital adding
over 50% in just one trading session on favourable news .. ;)
Timesurfer
22-06-2021, 02:39 PM
Well whatever they are doing - I am fully in support :)
Just wish I had bought more!
Very happy with that result. Significant growth from all investments. 2c dividend with DRP. Cash flow positive and profitable. Net assets double current share price.
But No Imputation credits added in on any ENS distributions from 2018 through to 2021 ..
so just remember that the long hairy arm of Inland Revenue Tax Collections section came out & swiped 33% of the payout
before you got to see anything DRP or in cold hard Ca$h .. ;)
haewai
22-06-2021, 10:19 PM
Lol. I posted that when the share price was about $0.60. Almost a five bagger since then. Not sure if the tax take on dividends has been an important consideration for any investors in ENS, then or now.
Lol. I posted that when the share price was about $0.60. Almost a five bagger since then. Not sure if the tax take on dividends has been an important consideration for any investors in ENS, then or now.
LOL .. yes - we must learn to take note of your postings on here more ;)
A pretty good sort of outcome .. did have some of these a while back before things started moving ..
haewai
23-06-2021, 11:40 AM
LOL .. yes - we must learn to take note of your postings on here more ;)
I wouldn't do that if I were you
A pretty good sort of outcome .. did have some of these a while back before things started moving ..
Yeah, me too. Sold all at what I thought was an unjustifiable price ....
Timesurfer
12-07-2021, 11:40 AM
The next XRO?
Seems to be no end to the gold rush in sight.
Should have bought more at $0.40 instead of putting in a cheeky $0.20 when I was the only buyer!
Try buying any of these now & see how it goes .. ;)
Just over 16 mil on issue (probably less on the loose with major sitting holders)
Most the campers appear happy sitting for the next ride ..
HairyHippo
18-07-2021, 02:50 PM
The next XRO?
Seems to be no end to the gold rush in sight.
Should have bought more at $0.40 instead of putting in a cheeky $0.20 when I was the only buyer!
Enprise is one of the top performers on the NZX in the past year. It has risen from 68 cents to $3.89 (470%). There appear to be ample buyers at the new level. That raises the fundamental question what is the value of Enprise. For the 6 months to 31 December 2020 revenue was 7.44 million. That's almost $15 million on an annualised basis.
Should Enprise be valued like a SaaS company due to the recurring revenue nature of its income? If so then SaaS companies often trade at a multiple of 20 times recurring revenue. That could value it up to $300 million - almost five times its current capitalisation of $62 million. I appreciate there are a number of different companies within Enprise and thes will make valuation difficult. However, I am interested in feedback as there could be further for this rapidly rising company to appreciate.
Interesting thoughts there HH - wonder what the next Reporting will bring ? ;)
A bit quiet around here - wonder if we should let out the secret on how to enter ? ;)
Timesurfer
27-07-2021, 03:01 PM
What goes up must come down.
Whoever was buying appears to have had their fill and with no further buying support the panic selling of speculators begins.
There goes my 10 bagger.
Well the balloon deflated real fast there .. eager punters still wanting a taste @ 200 .. ;)
Downhill journey is well truly underway and fast.
Not recommended for faint hearts!!
Wonder how many retail investors got sucked to buying into hype...
Timesurfer
02-08-2021, 12:26 PM
Question is .. do I buy more at the bottom and hope further dividends send us skyward again, or just chuck them back in the drawer and see where we are in another 5 years?
Question is .. do I buy more at the bottom and hope further dividends send us skyward again, or just chuck them back in the drawer and see where we are in another 5 years?
Hahaha .. that's the question alright ..;)
Just 16 m or so shares on issue (a portion locked up with larger Holders etc) - certainly looks one that can be fairly volatile
Not easy to buy, if there aren't many for sale or no-one wants to sell
Good News may well trigger some equally exponental SP movements upwards as well
The ride could be quite wild with ENS - but lets see where it goes .. with some IT firms attracting
the eyes of the big money of the states & elsewhere .. ;)
the chance to take up others 'opportunity foregone' is looking inviting & worth a possible wait .. ;)
Timesurfer
10-08-2021, 03:46 PM
So I managed to pick up a handful more under $2 before hang-on-to-your-seats we might be off again!
The entertainment value alone is worth the price of entry on this one.
Timesurfer
27-08-2021, 12:05 PM
Another good result, and a 2.5c dividend.
What is not to like?
Pity all my buy order wasn't fulfilled when it tanked recently.
ENS Share registry is fairly tight & a smallish issued Cap with this one compared with some others
For me - worth the punt @ current levels seeing improving dividend prospects, even if the yield is still light & no imputation credits
Goodness me - From $4 to 95c in just 7 months
The gradient looks fine for downhill skiing
a small shake and the lower 84c level could become reality .. with low volumes / interest
Discl: not currently a holder
Ooops -- Free pass (do not go to jail) ticket from the smiling Bankers only to receive a "Why are you speeding" ;)
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/ENS/389899/367961.pdf
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/ENS/389899/367960.pdf
winner69
01-08-2022, 03:51 PM
Doesn't sound too good
http://nzx-prod-s7fsd7f98s.s3-website-ap-southeast-2.amazonaws.com/attachments/ENS/396226/375684.pdf
haewai
01-08-2022, 04:03 PM
If BRW can beat Godfrey Hirst, can ENS correct MYOB?
No multibagger again with this ?
Wonder if ANZ would be interested in a takeout ? ;)
https://www.nzherald.co.nz/business/fma-warns-nzx-listed-enprise-over-its-accounting-records/2GBEDNCDU5HLRKLA3QTZUYTM6Y/
FMA warns NZX-listed Enprise over its accounting records
The Financial Markets Authority has warned New Zealand stock exchange-listed Enprise Group for failing to keep proper accounting records.
In an August 11 letter, the financial watchdog considered that Enprise had breached the Financial Markets Authority Act and the Financial Markets Conduct Act.
Enprise had failed to provide the Financial Markets Authority (FMA) with sufficient evidence to support disclosures and assumptions used to prepare its June 30 2022 financial statement. The breach was related to Enprise’s Australian subsidiary, Kilimanjaro Consulting, and certain tax-related assets.
Enprise describes itself as a high-tech software and services investment company on its website. It has two operating divisions, one of which is Kilimanjaro Consulting. The other is iSell, a seller of cloud-based quoting systems. In October last year, the company’s auditors told the FMA it couldn’t find enough evidence to support certain issues.
Sounds a bit grim when the FMA start digging around
https://www.nzx.com/announcements/416214
The SP movement don't look very inspiring across past 2 years either
$3.00 two years ago - down to $0.60 now - 80.0%
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