Croplogic - IPO

[nextbigthing]

Apparently Croplogic are looking to list soon.

Jaime Cairns is their CEO and did a great job with Snap internet and is certainly pretty capable.

More info - http://www.croplogic.com

[Joshuatree]

Thanks NBT. Am i right thinking no moat with this business i.e. relatively easy for others to compete; but i just had a quick graze.

[mondograss]

They'd only be effective at competing if they had the scientific models to work with, those are the proprietary bit. This will have come out of university research, but I guess a Monsanto type company could have similar models.

[Harvey Specter]

Thanks NBT. Am i right thinking no moat with this business i.e. relatively easy for others to compete; but i just had a quick graze.

They have over 30 years of proprietary research and still haven't been able to commercialise it, so I'd call that a pretty big moat.

Disc: hold small investment

[bullfrog]

Always wary of statements about 30 years of research, what does that actually mean? I've been writing a book for 20 years, doesn't mean it's any good. However, these guys look to be the real deal, and I'm sure they have a great algorithm but they need to have the sensors and infrastructure to implement their software, and that's a challenge. Hope they don't go for a listing without getting that nailed.

Disc: small holding

[kiwidollabill]

I honestly dont get this..... are they savvy in their approach or am I missing anything....

After hearing all of the media who ha I was expecting a tech company that was kicking arse and taking names....

Instead, we have a rev of A$125k (which decreased between 14/15 and 16/17), a loss of $1.3 and theyve purchased a consulting firm doing in the USA doing $2M on essentially flat cashflow. The CEO is paid close to double what the original revenue is......

I feel the US purchase is just to tidy up the balance sheet and this is not a world leader, there are dozens of companies doing agronomy using big data. I cant see how P&F are very special....

Now I see they got over their $5M minimum in a flash, what gives.....?

[bullfrog]

RIP Croplogic. In receivership, a long agonising death. Totally went off the rails with their hemp venture. I invested in 6 crowdfunding ventures in 2015-16, and this is the third one that has gone down the drain.

[CROESUS U.T.]

RIP Croplogic. In receivership, a long agonising death. Totally went off the rails with their hemp venture. I invested in 6 crowdfunding ventures in 2015-16, and this is the third one that has gone down the drain.

Agree re the hemp - in similar boat on crowdfunding with 3 as Powerhouse being the common factor?

[bullfrog]

Powerhouse, omg, don’t get me started. PVL may get brought out by the Chinese for access to uni IP, I also occasionally play lotto, same odds