EstarOnline Ltd

[SCOTTY]

This quiet ecommerce solutions provider let the cat out of the bag today with a half page advertisement on Page D13 of the Sunday Star Times advertising for staff. Well worth a look; www.estaronline.com

Disclosure - shareholder

[Anna Naum]

This quiet ecommerce solutions provider let the cat out of the bag today with a half page advertisement on Page D13 of the Sunday Star Times advertising for staff. Well worth a look; www.estaronline.com

Disclosure - shareholder

What are the shares trading at? fundamentals?

[bermuda]

What are the shares trading at? fundamentals?

Cant believe I once owned these. Bought them on a tip from a mate.

Never again. Always DYOR. So much more rewarding.

[Anna Naum]

Cant believe I once owned these. Bought them on a tip from a mate.

Never again. Always DYOR. So much more rewarding.

Apparently they are finally doing well, a look at the web site suggests they have a number of high profile customers.

[percy]

looks an interesting company.
i think internet business is the future.
good customers.
must be growing to need more staff.
are they profitable?

[SCOTTY]

looks an interesting company.
i think internet business is the future.
good customers.
must be growing to need more staff.
are they profitable?

As at 31st March 2009 NPBT $439,696 ($320,907) and sitting on $686,352 cash. All growth has been out of cash flow. As at 5th July 2009 employees number 24 (13 employees 2 years previously). Suggest you contact the company for annual report and updates.

Cheers

[Anna Naum]

This quiet ecommerce solutions provider let the cat out of the bag today with a half page advertisement on Page D13 of the Sunday Star Times advertising for staff. Well worth a look; www.estaronline.com

Disclosure - shareholder

I find it very ironic that a company like estar would use old world technology (newspaper) to advertise for jobs rather than say SEEK or similar online job site.

[percy]

scotty.
don't tell anna but estar had a huge half page ad on front page of
employment section of ch ch press.11/11/09.
looked impressive.

[Anna Naum]

scotty.
don't tell anna but estar had a huge half page ad on front page of
employment section of ch ch press.11/11/09.
looked impressive.

It has been suggested the adverts are more about PR/advertising the company. Sure they want the staff, but also allows the company to tell the market that it is no longer a wreck.

[percy]

anna
i agree with you. certainly impressed me.
thank you for the synlait alert.
it is good to see some companies doing well.

[Anna Naum]

anna
i agree with you. certainly impressed me.
thank you for the synlait alert.
it is good to see some companies doing well.

Agree, however I think these guys listed @ $1 back in 1998/9 and went all the way to 1c, so they have reason to 'tell the world' I understand they only managed to stop going under as a result of a couple of Christchurch investors banking them in the dark days.

[SCOTTY]

I find it very ironic that a company like estar would use old world technology (newspaper) to advertise for jobs rather than say SEEK or similar online job site.


Hi Anna

Have just checked SEEK and yes they are advertising there as well as in the newspapers. Obviously EstarOnline is comfortable using old and new technology to achieve the best result.

[SCOTTY]

Shareholder letter received today:

"At the EstarOnline board meeting held on Friday 5th February it was resolved to pay a maiden dividend of .005 cents per share. This dividend will be payable on shares recorded held; as at 5.00pm Friday 19th February 2010. Payment will be made on the 17th March 2010 and will come with full tax imputations. After payment has been made the company is still left with very satisfactory cash reserves.

The board is very appreciative of your continued support as a share holder in EstarOnline. We are confident of the company's future and its ability to pay ongoing dividends. But, we are not in a position to give guidance as to the frequency or amounts of future payments."

[SCOTTY]

This article appeared on page A11 of The Christchurch Press today:

EstarOnline will pay a maiden 0.5c dividend on March 15, after building up cashflows, chairman and shareholder Stuart Nattrass says. The unlisted Christchurch e-commerce solutions provider has 28 staff and about 190 shareholders who can trade shares amongst themselves. The shareholders include Allan Hubbard.

[SCOTTY]

An excellent result for year ending 31.3.10 in the mail today:
NPBT $501,864 up from $439,696
Cash position up slightly at $713,481(after paying fully imputed .5c divi).
Top line revenue up 22.2% to $3,209,160
Now have 30 staff members (up from 24)
New clients added to the existing impressive client list include: Les Mills, TS14+, Virtu, Kimberleys, Rugby World Cup 2011, Health Post, Blue Illusion, Teacher Direct and Allium. In addition EstarOnline will be partnering with PayPal.
Current quotes are: buyers @ 7c and sellers @8c with last sale @ 8c.

[percy]

Cant believe I once owned these. Bought them on a tip from a mate.

Never again. Always DYOR. So much more rewarding.

Your mate was right.They are doing really well. Thanks Scotty,you were right.

[Anna Naum]

Depends, at this rate they will meet the prospectus numbers they suggested when they floated 11 years ago by 2015. For those who paid $1 a share there is still some way to go before 'success'

[percy]

Depends, at this rate they will meet the prospectus numbers they suggested when they floated 11 years ago by 2015. For those who paid $1 a share there is still some way to go before 'success'

Just goes to show best not to buy at float,but to wait until a company has a track record.Looks as though they are at least 25years ahead of WDT though.Must be a winner!!!

[Anna Naum]

Just goes to show best not to buy at float,but to wait until a company has a track record.Looks as though they are at least 25years ahead of WDT though.Must be a winner!!!

Not sure that WDT ever issued shares at $1 when it listed like Estar did but in both cases it looks like they are finally getting the traction that for too long shareholders have been promised. If either get to $1 I guess there will be some happy holders.

[percy]

. If either get to $1 I guess there will be some happy holders.

Very.Considering both are currently under 10cents.

[percy]

An excellent result for year ending 31.3.10 in the mail today:
NPBT $501,864 up from $439,696
Cash position up slightly at $713,481(after paying fully imputed .5c divi).
Top line revenue up 22.2% to $3,209,160
Now have 30 staff members (up from 24)
New clients added to the existing impressive client list include: Les Mills, TS14+, Virtu, Kimberleys, Rugby World Cup 2011, Health Post, Blue Illusion, Teacher Direct and Allium. In addition EstarOnline will be partnering with PayPal.
Current quotes are: buyers @ 7c and sellers @8c with last sale @ 8c.
I have reread the annual report.It is certainly very positive.A growth company in the growth area of E commerce.From the tone of the report I think they are very much "in growth mode".Taking on extra staff gives the game away. I note they were very pleased to have paid an inaugural divie and enjoyed the comment"an advent I hope becomes a more regular occurrence"Do not we all!!!!!

[h2so4]

Is this a listed company?

[SCOTTY]

Is this a listed company?

Hi there h2so4

EstarOnline Ltd is an unlisted public company . It holds the register of shareholders and there is also a list of buyers and sellers. Go to: www.estaronline.com - Contact - Investor Relations for the buy/sell quotes and info on how to trade.

In the Chairman's letter to shareholders dated 30th June 2010, he says that "In the first week of July we will have 5 staff attending the Online Retailer conference in Sydney Australia. We believe this conference is the second largest of its nature in the world. EstarOnline presented at this conference last year, and we expect a very high level of customer interest and inquiry to follow".

I suggest that you contact the company to arrange a meeting with their staff in Sydney. As a shareholder, I have found them easy and friendly to contact.

Cheers

[h2so4]

Hi there h2so4

EstarOnline Ltd is an unlisted public company . It holds the register of shareholders and there is also a list of buyers and sellers. Go to: www.estaronline.com - Contact - Investor Relations for the buy/sell quotes and info on how to trade.

In the Chairman's letter to shareholders dated 30th June 2010, he says that "In the first week of July we will have 5 staff attending the Online Retailer conference in Sydney Australia. We believe this conference is the second largest of its nature in the world. EstarOnline presented at this conference last year, and we expect a very high level of customer interest and inquiry to follow".

I suggest that you contact the company to arrange a meeting with their staff in Sydney. As a shareholder, I have found them easy and friendly to contact.

Cheers
Good idea, thank you Scotty.

[Kryptor]

Don't touch with a barpole, there are a lot of innovations that are going on in this sector.

Here today, gone tomorrow.

[percy]

Don't touch with a barpole, there are a lot of innovations that are going on in this sector.

Here today, gone tomorrow.

Appreciate your probing analysis.After reasearching this company,looking at finnancials,cash position,customer list,I brought shares . I back my own judgement.Reading the annual report I have found it was a very wise decision.

[SCOTTY]

Don't touch with a barpole, there are a lot of innovations that are going on in this sector.

Here today, gone tomorrow.

What is your basis for this glib statement? Do you know what EstarOnline actually does for a business?

Incidently, what exactly is a "barpole". Are you some sort of pole dancer?

[SCOTTY]

EstarOnline has reported that their staff are all safe and that they have moved from their Christchurch Central City site which suffered significant damage during the Feb. 22nd earthquake. They have moved to new premises at the Riccarton Golf Park complex and it is business as usual. Apparently their servers and network performed "much to plan" and remained operational during the catastrophe. This is great news in these very difficult times down here in Christchurch.

[percy]

EstarOnline has reported that their staff are all safe and that they have moved from their Christchurch Central City site which suffered significant damage during the Feb. 22nd earthquake. They have moved to new premises at the Riccarton Golf Park complex and it is business as usual. Apparently their servers and network performed "much to plan" and remained operational during the catastrophe. This is great news in these very difficult times down here in Christchurch.

I expect some estar's customers are very pleased to have their web business in tact.Be a god send for Ballantynes,whose Christchurch store is in the cordoned off area.

[h2so4]

I expect some estar's customers are very pleased to have their web business in tact.Be a god send for Ballantynes,whose Christchurch store is in the cordoned off area.

How do I order my coffee and cake?:)

[percy]

How do I order my coffee and cake?:)

Was that with large cake madam?

[SCOTTY]

I expect some estar's customers are very pleased to have their web business in tact.Be a god send for Ballantynes,whose Christchurch store is in the cordoned off area.

Hi there Percy.

Interesting that you should mention Ballantynes as it is a EstarOnline client. Interestingly, the new MD at Ballantynes was the former CEO of another successful EstarOnline client - EziBuy, probably the most successful online retailer in Australasia.

It will be interesting to see how she developes the online business.

We live in interesting times!

Cheers

[SCOTTY]

I have received the full year result to 31st March 2011. Even though they have had to abandon their Christchurch CBD premises due to earthquake damage, they have still managed to grow the business and remain profitable. Under the circumstances - an excellent result. To quote from the Chairman's letter:

"The underlying performance of the business continues to improve. Our customer base continues to grow, and their individual investment and spend in this area continues to grow. Revenues improved $535,063 from the previous year with cost of sales up by only $295,419. Gross profit at $910,423, ($670,779 for the previous year), is the best indicator of the underlying financial improvement occurring in the business.

Final reported post tax profit of $245,860 is $105,308 less than previous year. So, despite the top line improvement our bottom line result is less. All this slippage can be explained by responses that the company has had to make in order to remain a going concern. Also, under accounting rules we have had to reflect that our office fit out at Hereford Street has been written down. The fact is that whilst we believe all of this is recoverable in addition some of the other monies spent will also be recoverable under insurance cannot be reflected in this period of reported result.

The most direct impact that this had on shareholders, is that unfortunately we are not able to announce and pay a dividend with this year's result. Whilst the underlying performance would support a dividend, the cash out lay to manage the earthquake events has meant it would be imprudent to pay a dividend.

Australia continues to be our market of focus. The success of clients like Country Road and JB HiFi, (to name two), and our role in their success is something that we can build on. We have recently made a senior appointment to head up our office, based in Melbourne. In addition we are investigating with a number of counterparts the possibility of partnerships in Australia that will give us distribution capability. We of course will keep you updated on any material outcomes that may arise from these discussions."

[percy]

Yes,I agree with you SCOTTY,a very pleasing result.Pleased they had good retained earnings to tide them over.I see the balance sheet, and cash position are in very good shape.

[SCOTTY]

Yes,I agree with you SCOTTY,a very pleasing result.Pleased they had good retained earnings to tide them over.I see the balance sheet, and cash position are in very good shape.

Yes. $515,586 on interest bearing deposit with BNZ plus substancial insurance money still to come.

They are also looking for staff:

- Software Developers X 2
- Business Services - Customer Support
- Technical Support Specialists
- Web Designer
- Business Analyst
- Executive Assistant

All these jobs are advertised on their site; www.estaronline.com

[SCOTTY]

The Christchurch earthquakes can't stop EstarOnline from going from strength to strength. A 1c fully imputed divi on the way next week. Business continues to grow in excess of 20% p.a. with more staff being employed and an office opened in Melbourne. Still only trading at 8c!!

[percy]

The Christchurch earthquakes can't stop EstarOnline from going from strength to strength. A 1c fully imputed divi on the way next week. Business continues to grow in excess of 20% p.a. with more staff being employed and an office opened in Melbourne. Still only trading at 8c!!

Just keeps on impressing me.A good well run business, in the right sector ,at the right time, doing the right things .And as always a fully imputed divie is the icing on the cake.!!!! Very nice.

[SCOTTY]

See on the company web page today www.estaronline.com that there are 500,000 shares for sale @10c. At 10c the capital value would be just over $8m. They are now ex the 1c fully imputed divi.

Cheers

[sailor1]

I have had shares in this little beauty since listing and have acquired most of my holding on an average down basis,
including stumping up I think it was 2 cents some years ago when they were desperate. My average cost is now around
6 cents per share and I've recovered a good % of this via the two divvies, so still holding, watching closely and with high
hopes that this may be the ten bagger, or greater that will finally secure my superannuation. Go Estar

[percy]

Hello sailor1.
Good to know you are on board.Estar have recently increased staff numbers to 43,so I think your superannuation is "well positioned" for further growth.

[SCOTTY]

Hi sailor1 and percy

I see that this is your first post sailor1 so welcome aboard the Sharetrader Forum. It is a very good forum with a number of good posters full of good and useful ideas - not always agreeable!! I have found it very useful when making investment decisions and the discussions have probably saved me from many an investment mistake over the years.

Very pleased to see that you like myself and percy is an Estar holder.

When I first bought into Estar there were only 6 staff in total and now as you point out percy there are 43. Have just looked at their site and see that they are still looking for 2 more staff;

- Ecomerce Sales Consultant
- Business Services - Customer Support

Cheers

[sailor1]

Thanks for the welcome aboard Scotty & Percy. Have followed the share market for over 40 years and have only ever invested money I could afford to lose.
Most of my present holdings are small, low cap speculative stocks and I've always been a keen follower of precious metals, but also look to stocks with good yields.
The 12.5% dividend yield on Estar is fantastic. What do you think the chances are of them going back someday to the main board? This would have to be good for the share price don't you think?

Also hold on ASX: AZM, GDY, KGL [this one looks really good to me]
on NZX: GEL, HGD, CRP, NZE [great yield over the years on this and have had my initial investment at 8 cents well paid back].
Cheers
Sailor

[percy]

You certainly are a believer in "may you live in intersting times" with you "collection" of interesting shares.I know the NZ ones, but had to look up the Aussie ones ,as I had not heard of them.On charts GDY and KGL look as they are on the rise.Look forward to you sharing you thoughts on them,with us.As well as the NZ ones.
Estar's future ,and chances of main board listing.? I don't know.What is interesting is that their market cap is only $8mil.With their "Rolls Royce" list of clients including Ezy Buy and JB Hi Fi ,their excellent staff ,and being leaders in on line e- commerce, I don't think they will be able to stay under the radar for too much longer.I therefore think we will be taken out some time.Until then we will enjoy nice divies and have pleasure watching the progress of this exciting company.

[sailor1]

Hope we are not "taken out". I'd prefer to hang in for the ride but you're quite possibly right on this. For me some dilution via an issue, with shares offered to existing shareholders at a slight discount to market, would be preferable. I guess time will tell.
I follow my ASX shares chat-wise on Hotcopper, have maintained my portfolio for both the NZX and ASX for some 15 or more years on the old NZ Herald site, now www.findata.co.nz.
Naturally I do follow the charts, but, with an accounting background, am more of a fundamentalist at heart.

[percy]

Hope we are not "taken out". I'd prefer to hang in for the ride but you're quite possibly right on this. For me some dilution via an issue, with shares offered to existing shareholders at a slight discount to market, would be preferable. I guess time will tell.
I follow my ASX shares chat-wise on Hotcopper, have maintained my portfolio for both the NZX and ASX for some 15 or more years on the old NZ Herald site, now www.findata.co.nz.
Naturally I do follow the charts, but, with an accounting background, am more of a fundamentalist at heart.

Yes I am also afundamentalist,however I look at charts to get a quick picture of a company's recent share price direction.

[SCOTTY]

Thanks for the welcome aboard Scotty & Percy. Have followed the share market for over 40 years and have only ever invested money I could afford to lose.
Most of my present holdings are small, low cap speculative stocks and I've always been a keen follower of precious metals, but also look to stocks with good yields.
The 12.5% dividend yield on Estar is fantastic. What do you think the chances are of them going back someday to the main board? This would have to be good for the share price don't you think?

Also hold on ASX: AZM, GDY, KGL [this one looks really good to me]
on NZX: GEL, HGD, CRP, NZE [great yield over the years on this and have had my initial investment at 8 cents well paid back].
Cheers
Sailor

Hi Sailor
The EstarOnline 1c divi is a little misleading as it is really last years divi (.5c) which was not paid due to unexpected eathquake costs and this years .5c giving a total of 1c. The details are covered in the "Shareholder Dividend Letter" which is on the www.estaronline.com site and gives guidence on future payout policy. With the business growing at 20%+, future divis look pretty attractive to me. As you say it would have to be good for the share price if it were to list.
Regards

[SCOTTY]

There is a very good article on EstarOnline in the Christchurch Press yesterday written by Alan Wood:

www.stuff.co.nz/the-press/business/6714626/Software-firm-on-growth-curve

[slimwin]

Any idea how hard it is for Estaronline to fill vacancies for their growth? Surely the money is better in OZ for the staff they are targeting.

[SCOTTY]

Any idea how hard it is for Estaronline to fill vacancies for their growth? Surely the money is better in OZ for the staff they are targeting.

Hi slimwin

I see on their web site [www.estaronline.com] that they are currently looking for support staff:

- Business Development Manager.
- Business Services - customer support
- Reception/Admin/Accounts

I have regularly attended the EstarOnline agm's and have always been most impressed by the number of staff who are shareholders. They are all very bright, keen and supportive of the business. I have also met the management and a number of the staff. They are a great bunch who obviously all work very well together - no dought a great environment and a good place to work in.

Other than support/sales staff in Australia my understanding is that all the tech work is done in Christchurch. This is the big strength of an IT business, you can do most of the work from home. Take a look at their client list and you will see what I mean.

[slimwin]

I bought into this then find out my neigbours, daughters, boyfriend works for them. Small world. He's only been there a couple of years but they're always busy and always hiring. That's gotta be two ticks.

[percy]

I bought into this then find out my neigbours, daughters, boyfriend works for them. Small world. He's only been there a couple of years but they're always busy and always hiring. That's gotta be two ticks.

Small place ChCh.!!!!!

[SCOTTY]

I bought into this then find out my neigbours, daughters, boyfriend works for them. Small world. He's only been there a couple of years but they're always busy and always hiring. That's gotta be two ticks.

You will have to go to the next AGM - will look out for you there.

Enjoy the ride.

Cheers

[slimwin]

Will do. I'm pretty new to investing in shares and need to see what goes on behind the scenes so to speak.

Cheers.

[sailor1]

Estar results out. Looks good. What do others think? Another dividend? I'd really like to get to the AGM if I can make the time.

[percy]

Estar results out. Looks good. What do others think? Another dividend? I'd really like to get to the AGM if I can make the time.

Make the time.!!!!!! Good to meet the directors,staff,and other shareholders.You always learn something.I missed last years,have this years in my diary.!!

[sailor1]

Thanks Percy
Will do my best. Might see you there.
Cheers

[SCOTTY]

A great result with EBIT well up at $1,134,731. The Financial Statements are on the Companies Office Site:

www.business.govt.nz/companies/app/ui/pages/companies/939211/documents

The www.estaronline.com website has been much improved and well worth a look.

[percy]

Thanks for the links SCOTTY.
The balance sheet strength is excellent.The growth is excellent.The sector they operate is growing quickly.
So, us sharehoders are at the right place at the right time.

[SCOTTY]

Thanks for the links SCOTTY.
The balance sheet strength is excellent.The growth is excellent.The sector they operate is growing quickly.
So, us sharehoders are at the right place at the right time.

Hi Percy

The new web site is very much improved. As an investor, I am very pleased with the Investor Relations section. As Estar is an unlisted public company buying and selling shares through the site is easy. And no brokerage :p !!

Cheers

[SCOTTY]

Hi Percy, slimwin and sailor1. Don't forget the AGM tomorrow - Hope to see you all there. It would be good to meet up.
Cheers

[slimwin]

Hi Scotty. Can't make it as I'll be away on holiday for a bit.
Keen to hear what the future holds if you can give us a bit of a summary
Thanks-Mark

[percy]

Hi Percy, slimwin and sailor1. Don't forget the AGM tomorrow - Hope to see you all there. It would be good to meet up.
Cheers

I have been looking forward to it as I missed last year's.

[SCOTTY]

Hi Scotty. Can't make it as I'll be away on holiday for a bit.
Keen to hear what the future holds if you can give us a bit of a summary
Thanks-Mark

Will do. Enjoy your holiday.

[sailor1]

Percy
Got your private message and have replied, but not sure whether this went through.
You could call me though on 035736588. I will be there tomorrow.
Cheers

[sailor1]

Gidday Scotty & Slimwin
I will be there, and have suggested to Percy that it would be good to put our heads together somewhere nearby beforehand over a coffee.
You could call me this evening on 03 5736588 if you think this is a good idea.
Cheers

[SCOTTY]

Hi Scotty. Can't make it as I'll be away on holiday for a bit.
Keen to hear what the future holds if you can give us a bit of a summary
Thanks-Mark

Hi Slimwin

Yes it was a good positive meeting today. Here are some of the highlights from the ceo's presentation and directors comments:
- Now 46 staff with 3 based in Aussie and 3 away on maturnity leave.
- 50% of revenue is now derived from Aussie.
- 2016 target is to double sales to $10m with EBITA of $2m.
- Increase promotional spend (Trade Shows etc).
- Estar is in competition with Global Giants such as IBM,Demandware,Hybris and Oracle.
- Have high security standards which are giving the Company commercial advantage.
- Annual transactions now total A$400m
- Developing partner strategies.
- First Q is ahead of budget.

All good stuff

Cheers

[percy]

Thanks SCOTTY.
An excellent meeting.Directors setting out their objectives,and sharing their strategies on how the company is going to achieve them.
The CEO and The Board want staff,and shareholders on board . With everyone "on the team" I feel this exciting, strong company is going to be most rewarding to customers,partners,staff, and sharehoders.At the right place,at the right time.Good clear honest communicating made it a refreshing AGM.The directors were easy to talk to. Enthusiasum,energy,vision, direction,makes the future something to really look forward to.
Good to catch up with you and to meet Sailor.

[sailor1]

Yes, all good stuff yesterday I thought. Good to meet both Scotty, Percy, other shareholders, directors and managing director, and particularly interesting to talk with some of the staff after the meeting. Many of them seem to be shareholders as well and the whole atmosphere was charged with positivity and serious motivation.

[slimwin]

Good stuff gents, thanks.

I guess the only downside of that is the quality of their competition but it sounds like they have a competitive edge on security.

Proof is in the pudding and with growth in sales like that they must be doing things right and customers can see that.

[SCOTTY]

Good stuff gents, thanks.

I guess the only downside of that is the quality of their competition but it sounds like they have a competitive edge on security.

Proof is in the pudding and with growth in sales like that they must be doing things right and customers can see that.
Apparently their biggest difficulty is getting the staff numbers up. They are currently looking for software developers and a business developer. Jobs are advertised on their site: www.estaronline.com

[Skiwi]

Hi All, newbie share Investor here,
This company peaks my interest, but i just wonder whether I should be looking at a more "stable proven performer" for my first share investment? My only exposure to shares at the moment is via KiwiSaver.
Your thoughts appreciated.
Cheers
Skiwi

[percy]

Hi All, newbie share Investor here,
This company peaks my interest, but i just wonder whether I should be looking at a more "stable proven performer" for my first share investment? My only exposure to shares at the moment is via KiwiSaver.
Your thoughts appreciated.
Cheers
Skiwi
Welcome Skiwi.
.
The company is in the growing "buying on line" sector.
The company is majority owned by Directors,management and staff.They know the company and have "their own" money at stake.
The company has an excellent client list.
The company is in a strong financial position.The balance sheet is in excellent condition.
The company is paying a dividend.
The Directors and management communicate openly and honestly.

I am sorry I can't advise whether you should buy Estar or someother company,I will leave it to to decide for yourself.[But if you decide not to,you are nuts.!!!] lol.

[CJ]

I am sorry I can't advise whether you should buy Estar or someother company,I will leave it to to decide for yourself.[But if you decide not to,you are nuts.!!!] lol.Whats your view on the unlisted nature of the share? From what I can work out, its market cap is ~$8m so clearly to small for NZX.

I am interested in tech stocks but still not sure.

[percy]

Whats your view on the unlisted nature of the share? From what I can work out, its market cap is ~$8m so clearly to small for NZX.

I am interested in tech stocks but still not sure.


I would think you [or anyone] considering investing in Estar are best to contact the company and get a copy of their latest accounts.Time should also be spent reading up Estar's web site.
Estar is not listed on The NZX or the Unlisted market.The company arranges /facilitates the trading of shares between shareholders.The company maintains their own share registry.
Not being a listed company means there are more/or higher risks in owning Estar shares, compared to say Ryman [listed]
There are 80,237,846 shares on issue so you are right on market cap at $8mil.[same as Postie plus].

[CJ]

I guess my concerns with it not being on an exchange is:
-lack of liquidity (while Xero also lacks this (only 4,000 traded on friday) there is more visability)
- Cant see share price history
- can see depth
- insider trading risk higher ( I assume they have a high founder, employee shareholding ratio so what is to stop them taking up the offers when they know there is bad news coming). If I were to invest, I would look at their rules for something like this. Do they have lock down periods around year end. If they win/lose a big customer do they have to announce? etc
- what is to say they are lining up the orders in order. Ie. if a buy order came in high, what is stopping an insider from taking it rather than the person who indicated their interest at that price months ago.

I would need to get comfortable with these sorts of things first. How much would an 'Unlisted' listing cost them which would formalise some of these points.

In the US, the Tech start up scene has Second market which runs monthly(?) auctions for shares being sold, normally by employees who have exercised their options. It would be good in NZ had something like this. (maybe there is but I am not a HNWI, so dont get in on it)

[percy]

I guess my concerns with it not being on an exchange is:
-lack of liquidity (while Xero also lacks this (only 4,000 traded on friday) there is more visability)
- Cant see share price history
- can see depth
- insider trading risk higher ( I assume they have a high founder, employee shareholding ratio so what is to stop them taking up the offers when they know there is bad news coming). If I were to invest, I would look at their rules for something like this. Do they have lock down periods around year end. If they win/lose a big customer do they have to announce? etc
- what is to say they are lining up the orders in order. Ie. if a buy order came in high, what is stopping an insider from taking it rather than the person who indicated their interest at that price months ago.

I would need to get comfortable with these sorts of things first. How much would an 'Unlisted' listing cost them which would formalise some of these points.

In the US, the Tech start up scene has Second market which runs monthly(?) auctions for shares being sold, normally by employees who have exercised their options. It would be good in NZ had something like this. (maybe there is but I am not a HNWI, so dont get in on it)

Valid points.
Lack of liquidity is a problem with all small cap stocks.Estar is the same.
Depth,Scotty did bring this to the company's attention at the AGM and pointed out how the unlisted market showed depth and history.I can only hope they bring follow suite.
Insider trading; I suppose this is happening all the time as more staff buy shares.
As at 31/3/2012 top 20 held 67,329,536 of the 80,237,846 shares on issue.
Director ;S.J.Nattrass 27,806,153.
Director P.H.Morrison 16,492.478.
3rd largest ; CEO.S.M.Clark 4,250.000
4th largest;Manager A.Brown 3,027,348.
Comfortable;.I have spoken to the directors and many of the staff.As per an earlier post I find they communicate openly and honestly.
I would recommend this company as "an excellent investment" if I were asked.
There are no options on issue.

[percy]

Skiwi, I personally would NOT choose an unlisted, difficult to trade company if I was entering the world of sharemarket investing. There are far too many risks for a "newbie" investor to easily mitigate against. I'm hardly a newbie (and don't claim to be an expert) but I think I'm sophisticated enough to say "I am an investor, not a company insider, therefore my investment horizon, risk level and company awareness is different".

First concern - liquidity. You will find it easy to buy into ANY company. Selling out may be harder, particularly if you need to sell the shares in a time of distress, either for the company or globally. Knowing there are buyers who can meet sellers is a key criteria. Think of it this way. If you bought $10,000 of shares, but on average, only $3000 gets traded every day, then it will take you 4 days to sell your holding without introducing your desperation to sell as a factor in the share price being offered. One of the reasons why I chose Diligent over Xero as my tech stock high growth play is because Diligent tended to always have better liquidity, so I could sell out more quickly if I needed to.

Second concern - there are many fine NZ companies in "unsexy" industries like retirement village operators, who make excellent profits, have liquidity for their shares, and projected growth. I strongly recommend you read up on Ryman Healthcare and Summerset, both of whom have appreciated 25% plus since the beginning of the year. I like Ryman so much, I bought more shares at $3.51, a few days after their chairman announced he has bought around $100k of shares at $3.60 (insider buying is a VERY good sign). Ryman is my biggest holding in my portfolio.

Third concern - a good investor needs to devote time to analysing their holdings every week. If you can't spend around an hour a week researching your stock to see if the reasons why you bought the stock remain, or that you haven't learnt something new that causes you to sell out, take some profits, or buy more, or hold with confidence, then you need to question whether individual stock holding is for you.

This brings me to a key point - mutual funds. Your KiwiSaver provider may also offer you a very similar fund to the one your KiwiSaver dollars are applied to. You could easily invest your money into such a fund where professionals do the research, lose sleep, and take care of all the paperwork. Some good fund managers I like include Milford Asset Management, PIE Funds Management and Fisher Funds. (My KiwiSaver is through Fisher Funds). Ok, so you don't get the spectacular upside, but you do get risk mitigation, which is surely a consideration for a "newbie" investor.

So in conclusion

- Don't invest in EstarOnline. The stock is too illiquid for a newbie.
- Choose an unsexy stock with proven growth potential if you want to go share picking.
- Consider a good fund manager to reduce involvement, risk and stress until you are more comfortable with share picking.

Valid points if you want to under perform.
Want superior rewards;buy Estar.

[percy]

Because Percy has done his homework, and because Skiwi will also do his homework, he will feel comfortable about the quality of the management and board of directors, who they will need to have greater trust in because of the illiquid and less transparent nature of the company.

I personally would not rush to invest funds into such a company, with such an inherent risk profile, when there are directors of the company who have been involved in prominent financial and social disasters.

I am referring to Stuart Nattrass, the Chairman of Estaronline, who Google tells us was a former director of South Canterbury Finance, accused of recklessly breaching his fiduciary duty, as reported in the Stuff link.

http://www.stuff.co.nz/timaru-herald/news/6079511/SCF-receivers-file-16m-suit
http://www.farmersweekly.co.nz/article/9140.html

Nattrass was also a director of Pike River Coal.

http://www.nzherald.co.nz/nz/news/article.cfm?c_id=1&objectid=10796718

Bad things can happen to nice people and savvy investors, which Mr Nattrass may well be, but are you prepared to risk your money there when there are many other good places to put your hard earned funds? Particularly if you are a newbie investor?

Up to you Skiwi. I wouldn't. And I'm very happy to "underperform", as Percy puts it.

Research/homework/talking to the company/results in superior returns.
S.Nattrass was "fired" by SCF's Alan Hubbard as Nattrass's rescue plan called for Hubbard to step aside.Hubbard went along with Forbar's hopeless plan.Nattrass's plan was reguarded as the one that had the most chance of sucess.
Pike River Coal.Nattrass's expertise was on the finnancial side not the mining/
Nattrass was not reelected to Fontura board.The on line trading platform he was responsible for resulted in cheaper prices received to start with.Should the reelection been held a couple of months later when farmers got used to it and fell in love with it he would have been reelected with the most votes.I find him an honest straight shooter.

[SCOTTY]

Well said Percy. I have met Stuart Nattrass through EstarOnline on a number of occasions over a number of years now. I also know a number of people who have known Stuart since his student days at Lincoln. He is well regarded and respected in both his business and personal life. I would not have stayed in Estar if I did not have full trust in the Board and Staff. I have been in Estar since the original IPO some 13 years ago. Yes, it did get off to a shakey start due mainly to Flying Pig which went belly up owing Estar a lot of money. Estar survived but it was not until Stuart Nattrass and Peter Morrison got control by recapitalising the company that it took off with Stuart Clark the CEO at the helm. Both Stuart Clark and Manager, Andy Brown are the IT brains and also significant shareholders in their own right. As Percy said, many of the staff have also bought shares.

Any investment is not without risk and yes there are more regulations and controls with a listed company but you still have to have both buyers and sellers to make a trade. They are not always there when you want them in a listed company. The Investor Relations section on the www.estaronline.com site does need improvement in terms of market depth and trade history which I did bring up at the AGM and I think this will be addressed. One big advantage with the "inhouse" system is that there is no brokerage. For me it works ok and I am a very happy shareholder.

[CJ]

Insider trading; I suppose this is happening all the time as more staff buy shares.More concerned when they start sellling :0

No options on issue - no wonder they are having trouble attracting staff. Issue options at market price and in theory they are free (ie. replaced the bonus they would otherwise have got but saves you cash) and gives the employee an incentive to make the company worth more. In my opinion, options work better with a smaller company than a bigger company as individual employees can actually have an impact on the results. Common, if not expected in a small tech company and especially since this company has liquidity, even better (most small companies would ban selling to outside investors).

[percy]

More concerned when they start sellling :0

No options on issue - no wonder they are having trouble attracting staff. Issue options at market price and in theory they are free (ie. replaced the bonus they would otherwise have got but saves you cash) and gives the employee an incentive to make the company worth more. In my opinion, options work better with a smaller company than a bigger company as individual employees can actually have an impact on the results. Common, if not expected in a small tech company and especially since this company has liquidity, even better (most small companies would ban selling to outside investors).

With staff numbers increasing to 45 there have been more buyers than sellers.As staff numbers are steadily increasing I see the pattern of more buyers than sellers continuing for a number of years. I do know of one staff member, who has left the company and has moved out of ChCh, has recently added to her large holding.
Options.You may be right,however I do not like seeing options being issued.Usually means the focus of the company changes away from shareholders to management and staff.

[SCOTTY]

Quote fron CJ: -no wonder they are having trouble attracting staff. /QUOTE]

Not true.

EstarOnline has attracted and continues to attract excellant staff. It just needs more of them now due to the companys fast rate of growth.

[CJ]

Quote fron CJ: -no wonder they are having trouble attracting staff. /QUOTE]

Not true.

EstarOnline has attracted and continues to attract excellant staff. It just needs more of them now due to the companys fast rate of growth.My comment refered to your post #70:


Apparently their biggest difficulty is getting the staff numbers up. They are currently looking for software developers and a business developer. Jobs are advertised on their site: www.estaronline.com

I may have interpreted wrong as rereading it now it seems it they are hiring quickly that the issue is the supply of good talent - having said that, better remuneration cant hinder.

Percy - staff maybe buying now and agree that is a good indication. But will you know when/if the staff start selling and will their be any depth left by the time you find out (provided the company keeps growing this may never an issue). What rules does the company have in relation to staff selling shares.

Options plans can be good or bad. my view is they can work better in a small business where the share price (and hence the reward) is more influenced by individual actions rather than just the rise and fall of the market (ie. give a telecom employee a few thousand options and their return will be determined by things other than their efforts. Give a few thousand options to a developer in a small company building their next project and he will share in the gain if the project delivers a new income stream)

[percy]

[

Percy - staff maybe buying now and agree that is a good indication. But will you know when/if the staff start selling and will their be any depth left by the time you find out (provided the company keeps growing this may never an issue). What rules does the company have in relation to staff selling shares.

I do n't think there are any rules for staff buying or selling.As far as I know they just inform Amy they want to buy /sell and she arranges it.
I will not know when/if staff start selling.Should they move to depth,it would be helpful.As the company is targeting to double in the next 3 or 4 years I would expect more people being attracted to buying ,rather than selling.Then the SP will be interesting,as will be the size of divies being paid.

[Skiwi]

Thanks to all the replies, it was exactly what I was looking for. I learn a lot more from robust debate rather than a buy or not buy recommendation :)

While I'm motivated to direct invest myself, i reckon I'm at least a couple of months away from gathering enough info to make my first purchase.

(it will probably take me that long just to read all the posts here ;)

[CJ]

Thanks to all the replies, it was exactly what I was looking for. Agree - good conversation.

Percy - Got you DM - thanks. will investigate as I do think these small growth IT companies are the future for NZ. You only have to look at the negative criticism (rightly or wrongly) that Xero gets to understand why they dont go public.

[SCOTTY]

To read the EstarOnline, CEO Address to Shareholders at the 16th Aug. 2012 AGM - go to:

www.estaronline.com/investor-relations

[janner]

Further to your reply on TUA Percy..

Have perused pages 1 to 6 and find that it is mainly a mutual admiration club of 2 expanding to about possibly 6 !!.. :-))

This does not mean that I will not continue researching this interesting company. ..

Thanks for the heads up..

[percy]

Further to your reply on TUA Percy..

Have perused pages 1 to 6 and find that it is mainly a mutual admiration club of 2 expanding to about possibly 6 !!.. :-))

This does not mean that I will not continue researching this interesting company. ..

Thanks for the heads up..

This thread is a bit like life;the haves and the have nots.!!!!!!
The haves own shares in Estar and are looking to increase their holdings, as they are comfortable with the company and see a bright future. [I currently have a buy order in for another 100,000].
The have nots.Who, as history has proved , wait in hope and miss out.

[percy]

The up graded investor relations page of estaronline.com is a big improvement.Selling depth,and 3months trading history is now shown.
The CEO's AGM presentation is a must read for anyone who wants to understand Estar more.
I note on HVN Harvey Norman thread on Aussie forum some very interesting comments from KW .Another must read,to see the affects online retailers are having on traditional retailers.

[janner]

Jonathan Lebed Percy ?? :-))

[percy]

Jonathan Lebed Percy ?? :-))

janner;
You have just earnt yourself a "Please Explain Notice".

[janner]

It is your enthusiasm for this company Percy.. It has shades of a Pump & Dump.

But I speak in jest :-))

[percy]

It is your enthusiasm for this company Percy.. It has shades of a Pump & Dump.

But I speak in jest :-))
Enthusiasm.Yes very much so.Like the sector,like the strong balance sheet,like the directors,management and staff,and love the divies.
Pump, yes I am on the bid side to buy more shares.
Dump,No I have never sold any,although a few years ago I transfered most of my holding to a daughter.

[slimwin]

30/10/12
100,000
7.5c



Anybody we know?

[SCOTTY]

30/10/12
100,000
7.5c



Anybody we know?

Yes. Purchased by the SCOTTY stable :cool:

[slimwin]

I was surprised someone would sell that low.

[SCOTTY]

www.estaronline.com/investor-relations

This site has recently been updated:

- Good depth of buyers/sellers.
- The Chairmans 6 Monthly letter to Shareholders.
- Continuous disclosure note dated 10.12.12 - Christchurch earthquake claim finalised and trading platform update.

[stoploss]

www.estaronline.com/investor-relations (http://www.estaronline.com/investor-relations)

This site has recently been updated:

- Good depth of buyers/sellers.
- The Chairmans 6 Monthly letter to Shareholders.




- Continuous disclosure note dated 10.12.12 - Christchurch earthquake claim finalised and trading platform update.
Thanks Scotty, recently became a shareholder @ 7.75 & 8.

[SCOTTY]

Thanks Scotty, recently became a shareholder @ 7.75 & 8.

Good for you Stoploss. I would think that was very good buying. Enjoy the ride.


Cheers

[percy]

I note in articles in this morning's The Press and The Age on line sales for the year are up 27% in Australia and expected to increase 25% for the next 5 years,while traditional retailers enjoyed 2.6%.
www.estaronline are at the right place at the right time.

[stoploss]

I note in articles in this morning's The Press and The Age on line sales for the year are up 27% in Australia and expected to increase 25% for the next 5 years,while traditional retailers enjoyed 2.6%.
www.estaronline (http://www.estaronline) are at the right place at the right time.

thanks Percy, exactly why I purchased stock in this company. Hoping they can grow with this explosion in online sales. Here is another article ....http://www.marketwatch.com/story/us-online-holiday-spending-up-14-comscore-2013-01-03

[percy]

Good to read in The Age that www.estaronline.com customer, Country Road continues to "evade the gloom weighing on Australia's rag trade."

[stoploss]

http://www.bloomberg.com/news/2013-01-18/u-k-retailer-woes-laid-bare-as-web-profits-prompt-fashion-foray.html

[percy]

http://www.bloomberg.com/news/2013-01-18/u-k-retailer-woes-laid-bare-as-web-profits-prompt-fashion-foray.html

Thanks stoploss for the link.Excellent article.

[percy]

I read in today's The Age that www.estaronline.com 's client; JBHi Fi, online sales in the six months to December grew by 40% from the previous corresponding period.
Bet that kept the staff at www.estaronline.com busy.

[percy]

Last time I had a look at this, about 6 months ago, the website was listing resent trades at around 8.5 cents, may have been some higher - so seems to have gone backwards since then. Is there any value in a listing?

Just making room for you to get on board.!!!! lol.
I am happy to hold.Should be an announcement shortly,on what trading platform they will go with.
And as always I look forward to the trading update and dividend announcement.
If their clients are getting these huge increases with on line sales,it's got to be good for www.estaronline.com

[percy]

Percy do you have a view on whether the divy might see an upward move this year?

Yes,no as they have had a lot of expenses ; building staff numbers,setting up Australian office,buying their buildings.
However, I am pleased to see them investing in the business ,which inturn will generate greater profits and better dividends.
What surprises me is the HUGE growth their clients are getting.40% from JBHiFi is HUGE and client Briscoes also reported HUGE increases from on line trading.

[CJ]

Should be an announcement shortly,on what trading platform they will go with.

Are they planning on listing?

[percy]

Are they planning on listing?

The Financial Market Regulators do not like companies who facilitate trading "in house"as www.estaronline.com have done in the past.
Estar are having a board meeting sometime this month,where this will be discussed.I am not privy to their ideas,so can't comment.

[SCOTTY]

Another excellant result from Briscoes out today.

It is very pleasing to see that their online business for all 3 brands (Briscoes, Rebel Sports and Living & Giving) had significant sales growth.

The report goes on to say that "the websites are also having a strongly positive input on in-store sales as increasing numbers of customers research online ahead of making a purchase".

These sites are all powered by: www.Estaronline.com

[percy]

Another excellant result from Briscoes out today.

It is very pleasing to see that their online business for all 3 brands (Briscoes, Rebel Sports and Living & Giving) had significant sales growth.

The report goes on to say that "the websites are also having a strongly positive input on in-store sales as increasing numbers of customers research online ahead of making a purchase".

These sites are all powered by: www.Estaronline.com

Music to my ears SCOTTY.

[CJ]

With Snakk now sitting at only a 100% increase on list price, I wonder if EStar should list on the NZAX.

[percy]

With Snakk now sitting at only a 100% increase on list price, I wonder if EStar should list on the NZAX.

Would you be so kind as to email your suggestion to;The Chairman,Stuart Nattrass;investorrelations@estaronline.com
thank you.

[SCOTTY]

Would you be so kind as to email your suggestion to;The Chairman,Stuat Nattrass;investorrelations@estaronline.com
thank you.

Good thinking Percy. CJ just click on the following link to give Stuart Nattrass a signal: www.estaronline.com/investor-relations

Cheers

[stoploss]

Hi,
Just had a look on the website says buyers upto 9 cents,sellers 10 and above.
Any idea when we get an update from the company ?

Cheers,

[percy]

Hi,
Just had a look on the website says buyers upto 9 cents,sellers 10 and above.
Any idea when we get an update from the company ?

Cheers,

You could check with Amy,but I am expecting a result and announcement [hopefully] of a divie any day.

[stoploss]

You could check with Amy,but I am expecting a result and announcement [hopefully] of a divie any day.

Thanks Percy, will keep an eye out . Not holding my breath on a divvy though. Happy if they keep the cash and keep expanding in this fast growing sector of the economy.

[percy]

Thanks Percy, will keep an eye out . Not holding my breath on a divvy though. Happy if they keep the cash and keep expanding in this fast growing sector of the economy.

I always hold my breath for a divie.!!! Just joking.!!
They have settled with their insurance company.Spent money on the buildings and the Australian office,so divie may be hard.
However the chairman loves divies.??? Also I note their clients like JBHiFi,Briscoes etc are enjoying increases of over 25% in sales,so I expect estaronline have been very busy.

[stoploss]

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10879010

Just hope Estar0nline is able to cash in on this ..........

[SCOTTY]

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10879010

Just hope Estar0nline is able to cash in on this ..........

Hi Stoploss

We should know pretty soon but judging by the growth of the Client list as per the [www.estaronline.com] web-site we must be as Percy would say - "well positioned" :p

[SCOTTY]

Interesting to see the Briscoes news release on Friday for their 1st Q Sales to 28th April 2013. Extract from Rod Duke's report:

"and our on-line business continues to show pleasing growth both as a sales channel and also as a display window for our bricks and mortar stores".

This must be good for www.estaronline.com which is the on-line provider for the Briscoe group.

[stoploss]

Interesting to see the Briscoes news release on Friday for their 1st Q Sales to 28th April 2013. Extract from Rod Duke's report:

"and our on-line business continues to show pleasing growth both as a sales channel and also as a display window for our bricks and mortar stores".

This must be good for www.estaronline.com (http://www.estaronline.com) which is the on-line provider for the Briscoe group.

Hi Scotty, I see a couple of trades have gone through in the last 2 weeks. Going in the right direction .....


24/04/13
35,000
9c


01/05/13
20,000
10c

[SCOTTY]

Hi Scotty, I see a couple of trades have gone through in the last 2 weeks. Going in the right direction .....


24/04/13
35,000
9c


01/05/13
20,000
10c



Hi Stoploss

Yes, good to see and very interesting. At 10c EstarOnline capitalises at only $8m. This is a profitable, divi paying tech co, growing fast out of tax paid earnings, but only worth $8m! It is an unlisted public company. What would it be worth if it was listed?

Compare it to say the listed SNAKK, which is unproven but capitalises at $30m.

Cheers

[CJ]

Makes you wonder what a reverse listing into some dodgy shell company could do for its price.

The only problem is it doesn't have (unrealistic) global growth plans, just sensible growth using its own money. And no rock star founder.

[SCOTTY]

Makes you wonder what a reverse listing into some dodgy shell company could do for its price.

The only problem is it doesn't have (unrealistic) global growth plans, just sensible growth using its own money. And no rock star founder.

Hi CJ

I do not think that a reverse listing would be required in this case to list as there is a good shareholder spread already. It is probably only the cost of listing and general compliance requirements and costs which is stopping them. There is no debt and unless they needed to go to shareholders to raise capital for an acquision or to speed up expansion it is not high on the list of things to do.

As a shareholder, I would like them to list as I like my investments to be readily tradeable on a regulated market. I think it will happen at some stage especially now that the Company has such a good established business.

Cheers

[CJ]

I do not think that a reverse listing would be required in this case to list as there is a good shareholder spread already.A reverse listing saves all the prospectus and IPO costs which is a big benefit. The downside is you take on all the baggage of the previous shelf company.

The issue for them is they are an $8m company. Is it worth the additional cost to be listed?

To me this is a big failing of the NZAX. Unlisted goes part way there. I wonder if the NZX needs a 'sophisticated investor' exchange that does away with alot of the regulationes/costs etc as it would be great for tech companies. Something like secondmarket in the US.

[SCOTTY]

[QUOTE=CJ;405416]
The issue for them is they are an $8m company. Is it worth the additional cost to be listed?

Is it an $8m company or a $30m company trading at $8m? :p

[percy]

[QUOTE=SCOTTY;405420]

If from what I gather this company is as good as you all say it is then the SP should be much higher. Only undervalued because it is unlisted and therefore practically unheard of! The more liquid the stock is the more likely it is to find its fair price at any given point in time.

You are on to it.!!

[stoploss]

Shareholder update just posted .

http://www.estaronline.com/images/assetimages/May%202013%20EstarOnline%20Shareholder%20Update.pd f

[percy]

Shareholder update just posted .

http://www.estaronline.com/images/assetimages/May%202013%20EstarOnline%20Shareholder%20Update.pd f

Thank you for posting that.
Not sure whether we are "well positioned" or "poised".
Second thoughts,we are "poised."

[stoploss]

Thank you for posting that.
Not sure whether we are "well positioned" or "poised".
Second thoughts,we are "poised."

Percy, maybe well positioned , and poised when it lists on some sort of exchange......

[percy]

Percy, maybe well positioned , and poised when it lists on some sort of exchange......

Yes, I think you are right.
Just got a bit over excited.!!!!!!

[stoploss]

Yes, I think you are right.
Just got a bit over excited.!!!!!!

"over excited " that will be Wednesday ......

[slimwin]

Interesting days ahead...

[percy]

"over excited " that will be Wednesday ......

The penny did not drop until I checked my diary.
AWF day offcourse.!!!!

[SCOTTY]

Shareholder update just posted .

http://www.estaronline.com/images/assetimages/May%202013%20EstarOnline%20Shareholder%20Update.pd f

Hi stoploss

Thanks very much for posting this link.

This proposed listing is a very very exciting time for the Company, Shareholders and future investors.

I do hope that the listing is on the NZXA (NZX Alternative Market) rather than on the Unlisted Exchange.

The Unlisted Exchange would certainly be better than not being listed but the NZXA is certainly more accessable and an easier trading platform than the Unlisted Exchange. I think that the NZXA would give much better access and coverage for investors and EstarOnline. Any thoughts?

SCOTTY is a very happy shareholder.

Cheers :cool:

[stoploss]

Hi stoploss

Thanks very much for posting this link.

This proposed listing is a very very exciting time for the Company, Shareholders and future investors.

I do hope that the listing is on the NZXA (NZX Alternative Market) rather than on the Unlisted Exchange.

The Unlisted Exchange would certainly be better than not being listed but the NZXA is certainly more accessable and an easier trading platform than the Unlisted Exchange. I think that the NZXA would give much better access and coverage for investors and EstarOnline. Any thoughts?

SCOTTY is a very happy shareholder.

Cheers :cool:
Hi Scotty, agree that any listing would be better than none. I think as shareholders we have to think of what is the best option for the company . This has to include the cost of the listing and ongoing compliance which can be onerous on a relatively small company... But as this points out there are benefits in cost of capital etc...... suppose we have to leave it to the Board of directors and hope the company can keep on the bandwagon that is online sales....

[percy]

Hi Scotty, agree that any listing would be better than none. I think as shareholders we have to think of what is the best option for the company . This has to include the cost of the listing and ongoing compliance which can be onerous on a relatively small company... But as this points out there are benefits in cost of capital etc...... suppose we have to leave it to the Board of directors and hope the company can keep on the bandwagon that is online sales....

Yes, the directors have an excellent record of doing the right thing for shareholders,and any listing would be better than none.
I have PAZ and REL shares on Unlisted.Did own some Rang A sometime ago.I find very few people follow the Unlisted market.
For the extra [if any] I would much prefer to see them on the NZAX, where they will get coverage when people look at tech stocks.
They would be over looked on Unlisted.

[CJ]

Ian way, it is a shame they don't need new capital. Imagine if they listed on the NZAX with Sam Morgan putting in $1m (like SLI) or Gaynor backing it. Would give it instant appeal.

[stoploss]

the key would be investing before it hit the market. I am keen for the company exvept for the fact it is unlisted and highly illiquid, a problem listing (might) fix

Moosie, it says on the website under the investor relations tab, they have buyers @ 9 and sellers 10 and above so .09/10 , get in amongst it ......that's not highly illiquid in my mind .

[CJ]

yes but how many trades a month, and at what volume?maybe 1 trade a month on volume of between 20k and 250k : http://www.estaronline.com/investor-relations

[stoploss]

Online shopping .....
http://www.stuff.co.nz/business/money/8695125/Kiwis-fret-over-online-shopping-security

[CJ]

Online shopping .....
http://www.stuff.co.nz/business/money/8695125/Kiwis-fret-over-online-shopping-securityI cant beleive people still go on about payment security. Mastercard/Visa have this covered. The fact this is a mastercard survey just goes to show what a bad job they are doing at promoting the safe of using a credit card online.

The biggest issue for me is not getting what I thought I was buying or getting the wrong size etc.

A lot of turnover in Estar this month - 2m share today ($180k worth). Concern is that this is insiders getting out - is the result out soon less than desired.

[stoploss]

I cant beleive people still go on about payment security. Mastercard/Visa have this covered. The fact this is a mastercard survey just goes to show what a bad job they are doing at promoting the safe of using a credit card online.

The biggest issue for me is not getting what I thought I was buying or getting the wrong size etc.

A lot of turnover in Estar this month - 2m share today ($180k worth). Concern is that this is insiders getting out - is the result out soon less than desired.

could be less than desired .. but that update did say it would be within guidance so hardly going to be a shocker imo, So much growth in this sector they only have to get a small bit of it ......

[percy]

I cant beleive people still go on about payment security. Mastercard/Visa have this covered. The fact this is a mastercard survey just goes to show what a bad job they are doing at promoting the safe of using a credit card online.

The biggest issue for me is not getting what I thought I was buying or getting the wrong size etc.

A lot of turnover in Estar this month - 2m share today ($180k worth). Concern is that this is insiders getting out - is the result out soon less than desired.

More the smart money buying.
Announcement due afternoon of 7th june,with profit,possible divie and news on listing on either Unlisted or NZAX.
[disc.I brought the 500,000 @10cents for the wife].
Don't know who brought the 2mil at 9cents today,but would not be surprised if it was one of two posters here on sharetrader,

[CJ]

[disc.I brought the 500,000 @10cents for the wife].
did you do a google/LinkedIn search on the seller? Were they an insider?

[Xerof]

The top 10 hold over 70%, and I'm guessing percy and scotty are in that list, so unless the last two transactions were very fragmented parcels of small sellers, it seems likely to me that its pass the parcel amongst the major holders. Nice round number parcels of 500k and 2m also suggest this, in my mind.

With Nattrass, Morrison and Clark holding ~60%, a listing would give them better liquidity if they wanted to lighten the load, as well as making any transactions arms-length within tradable window periods to be determined on listing.

Watching with some interest

ps the two recent buyers will know precisely who has sold, given the method of settlement, but of course are bound to confidentiality.

[percy]

The top 10 hold over 70%, and I'm guessing percy and scotty are in that list, so unless the last two transactions were very fragmented parcels of small sellers, it seems likely to me that its pass the parcel amongst the major holders. Nice round number parcels of 500k and 2m also suggest this, in my mind.

With Nattrass, Morrison and Clark holding ~60%, a listing would give them better liquidity if they wanted to lighten the load, as well as making any transactions arms-length within tradable window periods to be determined on listing.

Watching with some interest

ps the two recent buyers will know precisely who has sold, given the method of settlement, but of course are bound to confidentiality.

Correct on all accounts,except I would not make top twenty.Daughter and wife each do,but I am not far behind.Combined maybe top 10..

[janner]

Correct on all accounts,except I would not make top ten.Daughter and wife each do,but I am not far behind..

Jonathon Lebed comes to mind Percy.. What with all three of you holding :-))

[percy]

Jonathon Lebed comes to mind Percy.. What with all three of you holding :-))

Then you would have to think "we are well positioned."

[nick222]

I spoke to Stu a couple of weeks ago when I bought a small parcel from him (that 40,000 sale, just dipping my toe in the water) and he discussed his interest in increasing the number of individual shareholders.

[percy]

I spoke to Stu a couple of weeks ago when I bought a small parcel from him (that 40,000 sale, just dipping my toe in the water) and he discussed his interest in increasing the number of individual shareholders.

Welcome to sharetrader.

[CJ]

I spoke to Stu a couple of weeks ago when I bought a small parcel from him (that 40,000 sale, just dipping my toe in the water) and he discussed his interest in increasing the number of individual shareholders.Interesting. I think there is a minimum shareholder number requirement for the NZAX/NZX.

And a quick googe reveals you need at least 50 members of the public: https://www.nzx.com/files/static/NZAX_Listing_Rules_Final.pdf who I think are people who own less than 10%.

[percy]

Interesting. I think there is a minimum shareholder number requirement for the NZAX/NZX.

And a quick googe reveals you need at least 50 members of the public: https://www.nzx.com/files/static/NZAX_Listing_Rules_Final.pdf who I think are people who own less than 10%.

On checking NZ Companies office web site,documents; 17th august 2012 extensive shareholder list,estaronline do meet the requirements.

[CJ]

On checking NZ Companies office web site,documents; 17th august 2012 extensive shareholder list,estaronline do meet the requirements.404 lines but that is certificate numbers, not shareholder numbers - there are a lot of duplicate lines. Will probably still be over 50 but better to be over by a margin.

Edit: a bit of excel magic turning the pdf into a spreadsheet shows there are 193 shareholders on that list. My magic skills aren't that great so I may be wrong.

[percy]

404 lines but that is certificate numbers, not shareholder numbers - there are a lot of duplicate lines. Will probably still be over 50 but better to be over by a margin.

Edit: a bit of excel magic turning the pdf into a spreadsheet shows there are 193 shareholders on that list. My magic skills aren't that great so I may be wrong.

Thank you for doing that CJ.
Your magic skills are much greater than mine.!!!!!

[sailor1]

Thank you for doing that CJ.
Your magic skills are much greater than mine.!!!!!

Hi there Percy. My list of shareholders is a year or three old but shows about 170 odd so I reckon you're about right on 193.
Board meeting this week. Will we be listing? Which board? Will there be an IPO? Look at SLI going! What about a divi?

[percy]

Hi there Percy. My list of shareholders is a year or three old but shows about 170 odd so I reckon you're about right on 193.
Board meeting this week. Will we be listing? Which board? Will there be an IPO? Look at SLI going! What about a divi?

Wondered where you got to.?
Board meeting this Friday as you noted.Should be something on their site www.estaronline.com late afternoon.
Either Unlisted or NZAX.[I hope NZAX].Don't see an IPO.Just transfer across ,as they don't need to raise capital..CJ's list looks good.Divie? I certainly hope so.
Will we see you at the AGM on Friday 2nd August.?
I turned down SLI to buy more Estaronline.!!!! We will see?
Think you could say,"we are well positioned."

[sailor1]

Yes, Unlisted board wouldn't make a lot of sense if we want to up our profile. An IPO in the present environment would probably achieve that to a greater extent but, generating profits as we are, we probably don't need more capital and dilution is always a pain.

Keeping my fingers crossed too for another dividend.

In terms of my own profile in this and other forums, I love to listen to what others have to say but resist getting too involved with giving my opinions. I can be very forthright and this can result in endless conversations that often go nowhere.

Hope to make it to the AGM but at this stage it appears I may have another commitment.

All the best.

[CJ]

Yes, Unlisted board wouldn't make a lot of sense if we want to up our profile. An IPO in the present environment would probably achieve that to a greater extent but, generating profits as we are, we probably don't need more capital and dilution is always a pain.It could be a pure compliance listing without any new funds raised. It would also mean that any future funds that did need to be raised could be down quickly and easily as a SPP.

[percy]

It could be a pure compliance listing without any new funds raised. It would also mean that any future funds that did need to be raised could be down quickly and easily as a SPP.

Yes I think you are correct.
I don't see them needing any funds in the near future .

[SCOTTY]

Agree CJ and Percy. Only a Compliance listing required as with Snakk which is now capitalised at about $35m :cool:

[stoploss]

Wondered where you got to.?
Board meeting this Friday as you noted.Should be something on their site www.estaronline.com (http://www.estaronline.com) late afternoon.
Either Unlisted or NZAX.[I hope NZAX].Don't see an IPO.Just transfer across ,as they don't need to raise capital..CJ's list looks good.Divie? I certainly hope so.
Will we see you at the AGM on Friday 2nd August.?
I turned down SLI to buy more Estaronline.!!!! We will see?
Think you could say,"we are well positioned."

Thought I would get this on the front page , big day tomorrow. Fingers crossed.

[percy]

More work to be done before migrating to NZSX.
Bit disappointed as I thought they were ready.

[CJ]

Very disappointing

Stuff up on the accounts
No div info (though understandable)
No progress re listing
And worst of all, going external for strategy advice - sounds expensive an makes you wonder to what extent they are outsourcing their directors role

Revenue up is positive and hopefully the increase in costs will increase the growth rate goin forward.

[SCOTTY]

On the positive side, still profitable and revenue up although not as great as I had hoped. Looks like NZAX listing being considered as no mention of the Unlisted market.

Disappointed in listing progress though as I thought that more progress would have been made here.

Will just have to wait for FY report and the AGM for more info. (and hopefully a divi.) ;-))

[stoploss]

http://www.nbr.co.nz/article/more-kiwis-shopping-online-1b-being-spent-offshore-sites-ck-141282

[SCOTTY]

For the Shareholder update, divi notice and financials for 2012/13 go to Investor Relations - www.estaronline.com

[stoploss]

For the Shareholder update, divi notice and financials for 2012/13 go to Investor Relations - www.estaronline.com (http://www.estaronline.com)

Thanks Scotty , a divi !!!

[percy]

what's the latest sp for estar?

9cents.
www.estaronline.com is profitable,has a strong balance sheet and is paying a dividend.

[stoploss]

This is a good endorsement for online sales......

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10901224

[SCOTTY]

EstarOnline held their AGM on Friday. The excellant and inspirational presentation by Stuart Clark, the Chief Executive is posted on: www.estaronline.com/investor-relations

[CJ]

EstarOnline held their AGM on Friday. The excellant and inspirational presentation by Stuart Clark, the Chief Executive is posted on: www.estaronline.com/investor-relationsAny info that isn't in the CEO letter?

Any movement on a listing?

[SCOTTY]

Any info that isn't in the CEO letter?

Any movement on a listing?

Hi CJ

The progress of the strategic review was discussed at the meeting. It should be completed by October at which time decissions will be made as to the future direction of of the company which should include listing options.

Cheers

[SCOTTY]

"Woolworths looks to learn from EziBuy" so the headline says today after Woolworths Australia announced that it is buying EziBuy for $350m.

This must be good news for EstarOnline considering that the EziBuy on-line shopping sites both in NZ and Australia are powered by EstarOnline - www.estaronline.com :)

[stoploss]

"Woolworths looks to learn from EziBuy" so the headline says today after Woolworths Australia announced that it is buying EziBuy for $350m.

This must be good news for EstarOnline considering that the EziBuy on-line shopping sites both in NZ and Australia are powered by EstarOnline - www.estaronline.com (http://www.estaronline.com) :)

Good news as long as the new boys don't fancy their own online portal more ......

[SCOTTY]

Good news as long as the new boys don't fancy their own online portal more ......

Yes stoploss, but hard to hide the fact that it was EstarOnline technology which powered EzyBuy to $350m :D

[stoploss]

Yes stoploss, but hard to hide the fact that it was EstarOnline technology which powered EzyBuy to $350m :D

ok how bout this one , new owner loves the online portal ...uses it for all supermarket shopping in NZ......

[SCOTTY]

ok how bout this one , new owner loves the online portal ...uses it for all supermarket shopping in NZ......

And Australia...............................I like your thinking Stoploss. As Percy would say, we are well poitioned :D

[SCOTTY]

Online sales going well at Briscoes (see Briscoe HY report) - Thank you www.estaronline.com :D

[CJ]

Not being reflected in the shareprice. Sellers at 8.5c

[SCOTTY]

Not being reflected in the shareprice. Sellers at 8.5c

Yes. Hopefully it will be listed in the not too distant future. What would it be worth then?

[stoploss]

Update

http://www.estaronline.com/images/assetimages/Chairmans%20October%202013%20update.pdf

[percy]

Update

http://www.estaronline.com/images/assetimages/Chairmans%20October%202013%20update.pdf

Thanks for posting that stoploss.
A work in progress. We hold our breath in the meantime.!

[stoploss]

Thanks for posting that stoploss.
A work in progress. We hold our breath in the meantime.!
Holding breath very painful with the movement in this and related sectors
in Australia of late. AWF must be any day now as well .

[percy]

Holding breath very painful with the movement in this and related sectors
in Australia of late. AWF must be any day now as well .

Sorry I am laughing at/with you.
I suppose as investors we spend most of our time waiting.
Thankfully we are usually well rewarded.!!

[GTM 3442]

Sorry I am laughing at/with you.
I suppose as investors we spend most of our time waiting.
Thankfully we are usually well rewarded.!!

Presumably that's because of the time we spend getting well positioned, do you think Percy ?

[percy]

Presumably that's because of the time we spend getting well positioned, do you think Percy ?

Right on.I deserved that.!! lol.

[SCOTTY]

Thanks very much for posting this Stoploss.

As the Chairman says: "We have some unique products that have applicability to other providers and our customers".

Once the strategic review is completed it will be very interesting to see how they can scale up the business. Unlike many of the newly listed technology companies, EstarOnline is a well established, profitable, dividend paying business with big successful existing clients.

To date it has been a quiet achiever flying under the radar. What next :p ?

[SCOTTY]

The EstarOnline Shareholder Christmas Update dated 24th December 2013:


www.estaronline.com/investor-relations

The main points being:

Long serving CEO, Stuart Clark to step down due to health reasons.

Strategy review completed with the following conclusions:

- Can no longer rely on organic growth to grow customer base and market share.
- Need to pursue and consider acquisitions. Preferably in Australia and looking at funding options.
- EstarOnline order management processes are almost unique and at the very least world class.
- Intend to make the interface between their software and the user, friendlier. This redesign feature can be sold to other providers.
- Their credit risk assessment tool looks to be well ahead in its application and productivity of any other like product reviewed. Looking at on-selling to other service providers.
- Focus on selling their iSAMS (internet sales and management systems) platform.

[Harvey Specter]

- Need to pursue and consider acquisitions. Preferably in Australia and looking at funding options..capital raising followed by a compliance listing?

Or maybe SLI could take them over?

[SCOTTY]

capital raising followed by a compliance listing?

Or maybe SLI could take them over?

A capital raising followed by a compliance listing would make sense when a suitable acquision is found.

Don't know about SLI though. EstarOnline is a profitable, dividend paying company. I would think it would want to stay that way. But who knows if the price was right? :D :D :D

[SCOTTY]

capital raising followed by a compliance listing?

Or maybe SLI could take them over?

Maybe your SLI idea is not a bad idea Harvey.

Interesting to see on other tech company sites that for growth companies (yet to make a profit), price/sales ratios is one way of arriving at a valuation - 10 times sales seems to be a good middle of the road figure being bandied about.

On that basis SLI seems undervalued at 5, whilst EstarOnline (even though profitable) is only 1.3!! Wynyard appears to be right on the button at 10 with Zero up in the stratosphere at 70 :p

[stoploss]

Online shopping ....
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11186881

[SCOTTY]

EstarOnline client Briscoes, today reported a near 100% lift in online sales over the past 12 months, with no adverse impact on in-store sales.

Mr Duke the MD also said that "there is clearly considerable potential for strong on-going growth in our online sales for the foreseeable future". :cool:

[SCOTTY]

www.estaronline.com - Australian expansion:

http://www.itnews.com.au/News/371253,witchery-mimco-move-to-estar-oracle-retail.aspx.

[percy]

Thanks for the link Scotty.
Country Road taking Witchery and Mimco to Estaronline confirms Estar are delivering the service successful on line retailers demand.Estar's services have proved their worth to JBHiFi,Ezibuy,Briscoes and Rebel Sports,all of whom have enjoyed huge increases of sales from their on line business . A great success story that continues to get better.Bring on a sharemarket listing.!!!

[stoploss]

Over six months without an update rather disappointing .Last we heard in Dec we had a temporary CEO.
This reads pretty well , hope the company is making the most of it ....

http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11285397

[sailor1]

[QUOTE=stoploss;489628]Over six months without an update rather disappointing .Last we heard in Dec we had a temporary CEO.
This reads pretty well , hope the company is making the most of it ....

We should know soon enough. EOY financials should just about be here. Anybody heard any whispers about how these may look?

[SCOTTY]

[QUOTE=stoploss;489628]Over six months without an update rather disappointing .Last we heard in Dec we had a temporary CEO.
This reads pretty well , hope the company is making the most of it ....

We should know soon enough. EOY financials should just about be here. Anybody heard any whispers about how these may look?

Hi Sailor

A letter from the Chairman on www.estaronline.com today.

A flat result but still profitable with with strong cash reserves.

Cheers

[SCOTTY]

Australia's Big W has just launched on the EstarOnline platform:

www.estaronline.com/blog/post/15/big-w-launches-on-estaronline-platform.html

This is great news. :cool:

[percy]

Australia's Big W has just launched on the EstarOnline platform:

www.estaronline.com/blog/post/15/big-w-launches-on-estaronline-platform.html

This is great news. :cool:
Thanks for posting the link SCOTTY.
It is indeed great news.

[Cobber]

Thanks for posting the link SCOTTY.
It is indeed great news.

They are an unlisted stock. Their website states they have sellers for 7 cents.
That would make their stock hovering at a 52 week low.

The reality of being unlisted means its extremely hard to offload shares to get cash. Because of a lack of buyers, you are always going to get screwed...

Such a risky proposition.

[Harvey Specter]

They are an unlisted stock. Their website states they have sellers for 7 cents.
That would make their stock hovering at a 52 week low.

The reality of being unlisted means its extremely hard to offload shares to get cash. Because of a lack of buyers, you are always going to get screwed...

Such a risky proposition.I would expect them to list on the new NZGX (or whatever they call the NZAX replacement) following its launch later in the year. They have been investigating various options and it has gone quiet so I assume they are waiting for that to go live to assess it. Unlisted is the other option but I think it technically comes to an end soon unless it agrees to certain new rules. There are other options like Links private exchange but that has the same liquidity issues with doing it directly but with a cost.

[percy]

They are an unlisted stock. Their website states they have sellers for 7 cents.
That would make their stock hovering at a 52 week low.

The reality of being unlisted means its extremely hard to offload shares to get cash. Because of a lack of buyers, you are always going to get screwed...

Such a risky proposition.

As is the case with any illiquid stock extra research will result in extra rewards.
I hold www.estaronline and Tru-Test both traded via/or buyers sellers connected through the company.
I also hold PAZ traded on the unlisted market.
One just has to be mindful that buying or selling can be difficult.At lot of the time there is no market.
Think of Warren Buffett saying "buy as though the market is going to be closed for 5 years".Helps to focus your attention.!

[SCOTTY]

Last Friday (Aug 8th) I attended the EstarOnline AGM. The mood of the meeting was very positive.

The address by Andy Brown, the acting CEO is attached:

www.estaronline.com/images/assetimages/AGM%20-%20CEO%20Address%20-%208th%20August%202014%20.pdf

[Harvey Specter]

Last Friday (Aug 8th) I attended the EstarOnline AGM. The mood of the meeting was very positive.Was there any mention of anything to increase liquidity in the shares. From memory, they were getting a bit of pressure about getting a proper registry/exchange for their shares rather than DIY and they were investigating options.

[SCOTTY]

Was there any mention of anything to increase liquidity in the shares. From memory, they were getting a bit of pressure about getting a proper registry/exchange for their shares rather than DIY and they were investigating options.

Hi Harvey

It was not formally discussed at the meeting. However, in my opinion this may well be addressed shortly with the rapid progression currently taking place within the Company as you will see in the CEO's address.

[stoploss]

Last Friday (Aug 8th) I attended the EstarOnline AGM. The mood of the meeting was very positive.

The address by Andy Brown, the acting CEO is attached:

www.estaronline.com/images/assetimages/AGM%20-%20CEO%20Address%20-%208th%20August%202014%20.pdf (http://www.estaronline.com/images/assetimages/AGM%20-%20CEO%20Address%20-%208th%20August%202014%20.pdf)

Thks vm Scotty

[SCOTTY]

High tech growth grant awarded to EstarOnline:

www.estaronline.com/blog

[SCOTTY]

Announced today:

The successful high profile Andrew Buxton to be the new CEO for EstarOnline Ltd:

www.estaronline.com/investor-relations

For a full profile Google - Andrew Buxton - [nz.linkedin.com/pub/andrew-buxton/0/796/b86]

[percy]

Announced today:

The successful high profile Andrew Buxton to be the new CEO for EstarOnline Ltd:

www.estaronline.com/investor-relations

For a full profile Google - Andrew Buxton - [nz.linkedin.com/pub/andrew-buxton/0/796/b86]

Thanks SCOTTY.
I think Andrew Buxton's appointment as CEO is very positive for www.estaronline.com.
The company is in very good shape,the balance sheet is strong,sales and new clients are growing well ,so the future looks very exciting to me.

[SCOTTY]

Thanks SCOTTY.
I think Andrew Buxton's appointment as CEO is very positive for www.estaronline.com.
The company is in very good shape,the balance sheet is strong,sales and new clients are growing well ,so the future looks very exciting to me.

Hi Percy

Like you I think this is very positive for EstarOnline and I am very excited about it.

I have Googled Andrew Buxton and his profile is very impressive. I would like to post it to this link but I am unable to do so. (Unlike www.estaronline.com my technical ability is not great). If someone can post this link please do so as it is well worth reading.

Thanks.

Cheers

[karen1]

Scotty, hope this is what you were asking for: http://nz.linkedin.com/pub/andrew-buxton/0/796/b86

[SCOTTY]

Scotty, hope this is what you were asking for: http://nz.linkedin.com/pub/andrew-buxton/0/796/b86

Thanks very much Karen1. Just what I was trying to do without success. Andrew Buxton looks like a great asset for Estar. Exciting times ahead :)


Cheers

[karen1]

Welcome:)! Easy as, highlight address in address bar, copy, paste to here - I always delete the 'http://' that comes up in the link box. Yes, impressive cv.

[The Grinch]

Yes guy definitely seems like a driver/makes things happen. Has been a while since I looked at this one (Karen I believe this was one of your prods - your starting to give me a list... I only have so many non-work hours in a week :().

[SCOTTY]

In the Christchurch Press today:

www.stuff.co.nz/the-press/business/10640169/Ex-Warehouse-boss-joins-EstarOnline

[stoploss]

All quiet here, but they have updated a couple of things on their blog

http://www.estaronline.com/blog/post/11532/smiths-city-begins-digital-transformation-with-estaronline-.html

http://www.estaronline.com/blog/post/11531/estaronline-updates-country-road-brands-for-mobile-generation-.html

[percy]

All quiet here, but they have updated a couple of things on their blog

http://www.estaronline.com/blog/post/11532/smiths-city-begins-digital-transformation-with-estaronline-.html

http://www.estaronline.com/blog/post/11531/estaronline-updates-country-road-brands-for-mobile-generation-.html

thanks for the links.
Appears they have been busy.

[SCOTTY]

Thanks for that Stoploss

Looks like they have been busy. I see that the Chairman posted a Christmas update on 24th Dec last year so hopefully he does the same this year.

Cheers

[SCOTTY]

Chairman's Xmas update: www.estaronline.com/investor-relations

Merry Xmas everyone

Cheers

[stoploss]

Thanks Scotty , do you make anything of the two large share holders selling out ? Or is it negated by further director buying ?

[SCOTTY]

Thanks Scotty , do you make anything of the two large share holders selling out ? Or is it negated by further director buying ?

Yes definitely negated by directors buying and long term director buying in for the first time :)

[percy]

The Chairman's pre Christmas update certainly contained a lot to think about;
New CEO.Andrew Buxton,ex WHS Group's CEO Multi-Channel.
New GM Business Development Melbourne,Rossie Biddle.ex Enterprise Marketing with IBM.
Appointing a new director; Al Monro,was CE of optical touch screen company,NextWindow.
Acting CEO Andy Brown is leaving to run his family business,however he has made himself available on a contract to support eStar on a part time basis.
Ex CEO,Stuart Clark is making his wealth of experience felt in sales [and loving it] where the last four months sales have been up in excess of 30% on last year.
Directors,Stuart Nattrass and Peter Morrison have added to their holdings,while director Rod Inglis has purchased shares.
The company is profitable,and the very strong cash position could be used for an acquisition or merger.
A lot happening.The seeds for future growth have been sown.
We can now look forward to the future knowing we are "well positioned."

[SCOTTY]

The Chairman's pre Christmas update certainly contained a lot to think about;
New CEO.Andrew Buxton,ex WHS Group's CEO Multi-Channel.
New GM Business Development Melbourne,Rossie Biddle.ex Enterprise Marketing with IBM.
Appointing a new director; Al Monro,was CE of optical touch screen company,NextWindow.
Acting CEO Andy Brown is leaving to run his family business,however he has made himself available on a contract to support eStar on a part time basis.
Ex CEO,Stuart Clark is making his wealth of experience felt in sales [and loving it] where the last four months sales have been up in excess of 30% on last year.
Directors,Stuart Nattrass and Peter Morrison have added to their holdings,while director Rod Inglis has purchased shares.
The company is profitable,and the very strong cash position could be used for an acquisition or merger.
A lot happening.The seeds for future growth have been sown.
We can now look forward to the future knowing we are "well positioned."

Good points Percy.

I am very impressed with the progress being made under new CEO Andrew Buxton and I am very excited for the future prospects of the company.

Having googled Rossi Biddle and Al Monro I would have to say that along with Andrew Buxton it is a real coup for EstarOnline to have such talent being added to this already successful team. I am also pleased to see that long-term director Rod Inglis has now got "skin in the game"

As you say Percy - "we are well positioned" especially when you consider that at the last share sale price of 8c the current capitalisation is only $6.4 mil :)

[SCOTTY]

The Chairman's pre Christmas update certainly contained a lot to think about;
New CEO.Andrew Buxton,ex WHS Group's CEO Multi-Channel.
New GM Business Development Melbourne,Rossie Biddle.ex Enterprise Marketing with IBM.
Appointing a new director; Al Monro,was CE of optical touch screen company,NextWindow.
Acting CEO Andy Brown is leaving to run his family business,however he has made himself available on a contract to support eStar on a part time basis.
Ex CEO,Stuart Clark is making his wealth of experience felt in sales [and loving it] where the last four months sales have been up in excess of 30% on last year.
Directors,Stuart Nattrass and Peter Morrison have added to their holdings,while director Rod Inglis has purchased shares.
The company is profitable,and the very strong cash position could be used for an acquisition or merger.
A lot happening.The seeds for future growth have been sown.
We can now look forward to the future knowing we are "well positioned."

Good points Percy.

I am very impressed with the progress being made under new CEO Andrew Buxton and I am very excited for the future prospects of the company.

Having googled Rossi Biddle and Al Monro I would have to say that along with Andrew Buxton it is a real coup for EstarOnline to have such talent being added to this already successful team. I am also pleased to see that long-term director Rod Inglis has now got "skin in the game"

As you say Percy - "we are well positioned" especially when you consider that at the last share sale price of 8c the current capitalisation is only $6.4 mil :)

[SCOTTY]

Announced today: Briscoes Group on-line sales for the year ending 25th Jan 2015 up 50% on same period last year. Well done www.estaronline.com :)

[percy]

Just loved Briscoes announcement;
"There is clearly considerable potential for strong on-going growth in online sales,and we continue to explore growth opportunities in this area."
Bet www.estaronline.com will be able to continue to help Briscoes to find these opportunities and develope them successfully.

[stoploss]

I notice last sale was 9.5 cents early March . Currently there is both a buyer and seller @ 9 cents , if anyone has anything to tidy up .

[slimwin]

I just sold some at 9c. Not sure if new certificate has been issued yet but it hasn't been listed on website.

[SCOTTY]

I just sold some at 9c. Not sure if new certificate has been issued yet but it hasn't been listed on website.

Hi slim win. Are you able to give a reason for selling?
Cheers

[kiwidollabill]

These guys might be doing another cap raise shortly, anyone else in?

[percy]

These guys might be doing another cap raise shortly, anyone else in?

Will wait and see what the terms are before deciding.Maybe the placement option would be more satisfactory?
They are correctly trying to take business up to the next level,however I would like to see what progress has been made before I commit
myself.
I am disappointed we have had no communications from the new CEO who was appointed October last year.

[Harvey Specter]

These guys might be doing another cap raise shortly, anyone else in?Hard to say without detail. How much they looking for. If a big amount, needs to be done in conjunction with a listing - worth the $30k+pa for a NXT listing?

[percy]

Hard to say without detail. How much they looking for. If a big amount, needs to be done in conjunction with a listing - worth the $30k+pa for a NXT listing?

Correct.
However may be a case of what comes first,the chicken or the egg?
ie I think they are trying to grow both revenue and the size of the company before seeking listing.
I would point out I am only guessing.

[kiwidollabill]

Bit late in the game, reporting a loss for previous FY - gain in rev but additional salaries to new management appears to pull it down. Investing for 20% YoY growth so might need to show further runs on the board before an NXT list?

http://www.estaronline.com/images/assetimages/eStar%20Chairmans%20Letter%202015.pdf

http://www.estaronline.com/images/assetimages/Estar%202015%20final%20stamped%20and%20opinion.com pressed.pdf (http://www.estaronline.com/images/assetimages/Estar%202015%20final%20stamped%20and%20opinion.com pressed.pdf)

[Harvey Specter]

Bit late in the game, reporting a loss for previous FY - gain in rev but additional salaries to new management appears to pull it down. Investing for 20% YoY growth so might need to show further runs on the board before an NXT list?

http://www.estaronline.com/images/assetimages/eStar%20Chairmans%20Letter%202015.pdf

(http://www.estaronline.com/images/assetimages/Estar%202015%20final%20stamped%20and%20opinion.com pressed.pdf)http://www.estaronline.com/images/assetimages/Estar%202015%20final%20stamped%20and%20opinion.com pressed.pdf
listing looks a few years away after this loss.

[SCOTTY]

Went to the AGM on Monday. Very positive:

A very busy year. A new management team. Staff increased from 48 to 60. Office in Melbourne with support staff of 7. Estar now has the largest e-commerce team in Australasia.

The CEO's (Andrew Buxton) address is on "investor relations" at - www.estaronline.com

[percy]

eStar has been a good small business,that has stalled for the past three years.The directors realised this, and set about attracting more experience at board level,and a new CEO.The new CEO has added staff he requires to take the business to the next level.
I spoke at length with CEO Andrew Buxton and Marketing Manager Alison Crosbie after the agm.As well as being very interesting people to talk to,their wealth of knowledge soon became apparent to me.They know what they want to achieve,and have put the people in place to achieve this.This leadership is just what eStar staff ,and shareholders needed.I know they have all stakeholders on board,and we can look forward to the future with a lot more confidence.

[SCOTTY]

eStar has been a good small business,that has stalled for the past three years.The directors realised this, and set about attracting more experience at board level,and a new CEO.The new CEO has added staff he requires to take the business to the next level.
I spoke at length with CEO Andrew Buxton and Marketing Manager Alison Crosbie after the agm.As well as being very interesting people to talk to,their wealth of knowledge soon became apparent to me.They know what they want to achieve,and have put the people in place to achieve this.This leadership is just what eStar staff ,and shareholders needed.I know they have all stakeholders on board,and we can look forward to the future with a lot more confidence.
A very good summary Percy. Exciting times ahead ��

[SCOTTY]

eStar has developed an exciting new risk management programme as a tool to combat online fraud as reported in the NBR, Oct 19th 2015.

The article can be read at: www.estaronline.com - News &Blog

eStar CEO Andrew Buxton expressed confidence about expanding the programme beyond the existing client base. He said "We already have 50 happy customers using this tool already to protect themselves from online fraud and we are looking to grow that massively as a niche product in Australia and New Zealand initially but the same logic applies internationally as well"

With a staff of 60, eStar is now the largest ecommerce provider in Australasia.

[sailor1]

Scotty,

You don't see me posting often but I read many of your informative and perceptive posts on Estar, Heartland and others. We met at an Estar AGM a year or so back. I still have a stake in this company and have added to my holdings recently.

What do you make of the recently announced 1 for 4 rights issue, also the transfer of shares from Peter Morrison to Kahu Trust?

A glance at the Independent Adviser's Report gives no recent financial performance information, just the ye 2015 stuff. I would have thought something a little more up to date would sell the arrangement better to all the smaller shareholders, or perhaps the two principal holders would prefer to increase their own percentage holdings vi the underwrite?

[sailor1]

Scotty,

You don't see me posting often but I read many of your informative and perceptive posts on Estar, Heartland and others. We met at an Estar AGM a year or so back. I still have a stake in this company and have added to my holdings recently.

What do you make of the recently announced 1 for 4 rights issue, also the transfer of shares from Peter Morrison to Kahu Trust?

A glance at the Independent Adviser's Report gives no recent financial performance information, just the ye 2015 stuff. I would have thought something a little more up to date would sell the arrangement better to all the smaller shareholders, or perhaps the two principal holders would prefer to increase their own percentage holdings via the underwrite?

[SCOTTY]

Scotty,

You don't see me posting often but I read many of your informative and perceptive posts on Estar, Heartland and others. We met at an Estar AGM a year or so back. I still have a stake in this company and have added to my holdings recently.

What do you make of the recently announced 1 for 4 rights issue, also the transfer of shares from Peter Morrison to Kahu Trust?

A glance at the Independent Adviser's Report gives no recent financial performance information, just the ye 2015 stuff. I would have thought something a little more up to date would sell the arrangement better to all the smaller shareholders, or perhaps the two principal holders would prefer to increase their own percentage holdings via the underwrite?
Hi sailor. Good to hear from you.
Estar is focused on increasing the growth rate of the business and has been increasing key staff to achieve this. Upto now the business has self funded growth whilst remaining profitable. There have been some good divides as well as you will recall. There is now a new management team in place and new key staff employed with a staff now of 58 including expansion of the Melbourne office. Obviously this dramatic increase in size has come at a cost exceeding current revenues so hence the 1:4 rights issue (renounceable). This was signalled at the AGM so is no surprise except that the share price has dropped which is probably in anticipation of the rights issue.
Peter Morrison is transferring his shares into his family trust which makes sense and is normal practice for many families.
I would expect that the Special Meeting of Shareholders on the 9th December to approve the rights issue would be the time of the financial update.
Hope to see you there.
Regards

[SCOTTY]

Interesting to read in the Briscoe 4th Q report out yesterday that their full year online sales to 31st January 2016 were up over 40%. Mr Duke expects "strong growth to continue". The Briscoe Group online platform is powered by www.estaronline.com.

[percy]

Interesting to read in the Briscoe 4th Q report out yesterday that their full year online sales to 31st January 2016 were up over 40%. Mr Duke expects "strong growth to continue". The Briscoe Group online platform is powered by www.estaronline.com.

Interesting that Rod Duke mentioned yet again the excellent growth they are achieving with on line sales.
I think we can thake comfort that Estar are delivering great on line presence for not only BGR ,but all Estar clients.

[kiwidollabill]

Interesting that Rod Duke mentioned yet again the excellent growth they are achieving with on line sales.
I think we can thake comfort that Estar are delivering great on line presence for not only BGR ,but all Estar clients.

https://www.estaronline.com/images/assetimages/eStar%20Shareholder%202015%20Christmas%20Update.pd f

Facing some headwinds but appear to be heading in the right direction. Dependent on execution on the new staff and delivering 20%+ growth. Any of this captured in the SP?

[Harvey Specter]

https://www.estaronline.com/images/assetimages/eStar%20Shareholder%202015%20Christmas%20Update.pd f

Facing some headwinds but appear to be heading in the right direction. Dependent on execution on the new staff and delivering 20%+ growth. Any of this captured in the SP?Not really. CEO buying up at 6c is supporting the price at the moment from the looks of things.