sharetrader
Results 1 to 8 of 8
  1. #1
    Senior Member
    Join Date
    May 2018
    Posts
    642

    Default ENS Enprise Group

    A company starting to gain momentum?

    GENERAL: ENS: Datagate Investor Update - May 2020

    Highlights from Q1 2020

    March annualised recurring revenue (ARR) at $1.1M (NZD) up 133% on last year
    and 31% in the quarter

    Signed customers increased from 73 to 95 up 30% with another 10 customers
    added this April

    International customers increased from 40 to 70

    Datagate v2.6 rolled out with significant new capabilities for larger
    customers

  2. #2
    Member
    Join Date
    Dec 2013
    Posts
    206

    Default

    Annual results due soon, will be a 15 month 'year' and with increased shares of various investments. https://enprise.com/nz/news-blog/cat.../investor-news
    Disc: holding

  3. #3
    Member
    Join Date
    Dec 2013
    Posts
    206

    Default

    Good to see a typically discursive and insightful Sharesies discussion start following my note above. Not sure how Mr "I'm up 15%" is going to get on selling tomorrow though.

  4. #4
    Senior Member
    Join Date
    May 2018
    Posts
    642

    Default

    I wonder what sparked the recent interest. Been no buyers for months and then a flurry of activity. Now a delayed report.

  5. #5
    Member
    Join Date
    Dec 2013
    Posts
    206

    Default

    Very happy with that result. Significant growth from all investments. 2c dividend with DRP. Cash flow positive and profitable. Net assets double current share price.

  6. #6
    Senior Member
    Join Date
    May 2018
    Posts
    642

    Default

    Quite the result indeed. Good job I took a gamble and partook of the last round of capital raising.

  7. #7
    Junior Member
    Join Date
    Jul 2020
    Posts
    16

    Default

    https://www.nzx.com/announcements/361891

    Seems like a good undertaking...

    AUCKLAND, 22 October, 2020. Hi-tech software and services investment company Enprise Group (NZX: ENS) will pay $335,038 to take up its full allocation of shares in a rights issue of its joint venture Datagate Innovation as Datagate chalks up 359% growth in monthly recurring revenue in the US.
    Enprise’s management team has a strong track record in building profitable businesses, clocking up more than $50 million in successful venture capital deals. Enprise Group is positioning to repeat its winning formula with Datagate Innovation, a global SaaS telecom billing provider.
    Datagate aims to raise between $750,000 and $1 million through the rights issue, which closes October 31st 2020. Offered at $2.20 per share, the capital raise gives Datagate a pre-money valuation of $12.2 million. If Enprise Group 2,010,397 shares in Datagate with an unaudited carrying value of $847,390 were valued at the October 2020 rights issue price of $2.20 per share, the value of the investment would be $4,422,873.
    Datagate is planning a Series A capital round in August/September 2021.

    Most of Datagate's revenue and growth comes from the US with its primary market of 100,000 technology service providers. More than 90 of Datagate’s 150 customers are in the US, with the rest in New Zealand, Australia, UK and Canada. In September 2020 Datagate reached $1.2 million in annual recurring revenue. US monthly recurring revenue grew by 359% during EOY March 2020. Datagate plans to grow annual recurring revenue to USD $2 million (NZD $3 million) by December 2021.
    Market demand for Datagate has not slowed down since the Covid-19 outbreak, as its clients are busy supplying advanced unified communications systems and remote working solutions to their customers.

  8. #8
    Member
    Join Date
    Dec 2013
    Posts
    206

    Default

    Wondering what caused the sudden spike this week. No news and looks like lots of small volume trades. No chat on the Sharsies FB forum, so is there a youtuber promoting the profitability and growth of reselling MYOB?

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •