5 Sept 2017production update● Neutral
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Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 Sept 2017other● NeutralMajor
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5 Sept 2017annual report● Neutral
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31 July 2017quarterly activities report● Neutral
June 2017 quarter: operating outflow A$99k, including A$41k costs of the cancelled acquisition. Net loan repayment of A$349k lifted cash to A$2.66m. Next quarter outflows are estimated at A$110k.
28 July 2017regulatory community update▼ BadMajor
After reviewing the business, AssembleBay will keep a limited SEO and AdWords program at A$5,000-15,000 a month. ASX says shares stay suspended until it is satisfied operations are appropriate. The company will also keep evaluating acquisitions.
26 May 2017material agreement termination▼ BadMajor
The proposed SaaS acquisition has ended: the parties withdrew and the A$445,242 loan has been repaid. This resolves the April 2017 suspension's pending acquisition, though shares stay suspended and the company is left with its small marketplace business.
3 May 2017regulatory community update● Neutral
Replying to an ASX aware query, the company discloses the suspension's target is a SaaS business, which received unsecured loans totalling A$445,242 since 27 February 2017. It says the loan was not material and it complies with Listing Rule 3.1.
28 Apr 2017quarterly activities report▼ Bad
March 2017 quarter: operating outflow A$37k, plus A$349k paid as a loan to a counterparty in a proposed transaction, cutting cash to A$2.41m from A$2.80m. The company says it is working with ASX on regulatory issues. Next quarter outflows estimated at A$145k.
21 Apr 2017regulatory community update▼ Bad
Reply to ASX's 13 April query on marketing. Leaflets to 500,000 Perth households produced no completed jobs; AdWords, Bing, SEO and social media raised traffic but not at a cost the company saw as viable for critical mass. Text is truncated.
18 Apr 2017listing compliance notice● Neutral
AssembleBay asks to extend the voluntary suspension until the material acquisition announcement, now expected before trading on 26 April 2017. No target or terms disclosed.
12 Apr 2017listing compliance notice● NeutralMajor
Shares suspended at the company's request on 12 April 2017 pending an announcement of a material acquisition, expected before trading on 18 April. Details of the target are not given, and it follows the October 2016 admission that competition was raising costs.
22 Feb 2017other● Neutral
Notice that 4,750,000 ordinary shares will be released from escrow on 4 March 2017. This is the 12-month escrow on shares from the March 2016 relisting; administrative only.
13 Feb 2017half year report▼ Bad
Half-year to 31 December 2016: loss A$255,066, up from A$115,031 a year earlier. The company says competition has raised marketing costs and it is assessing the impact on its business model, and is also seeking out opportunities (text cut off).
31 Jan 2017quarterly activities report● Neutral
December 2016 quarter: operating outflow fell to A$41k (marketing A$21k, with A$44k of other receipts), leaving cash of A$2.796m. Marketing spending was cut sharply from the prior quarter's A$124k. Next quarter's outflows are estimated at A$90k.
26 Oct 2016quarterly activities report● Neutral
September 2016 quarter: operating outflow A$201k, mostly A$124k advertising, leaving cash of A$2.837m. No financing in the quarter. Next quarter's outflows are estimated at A$122k.
26 Oct 2016annual report● Neutral
Annual report for year to 30 June 2016, with the same directors' report and results as the earlier accounts plus governance statement and ASX shareholder information. Text is truncated, so nothing new is visible.
26 Oct 2016other● Neutral
Appendix 4G confirming the corporate governance statement sits on pages 50-58 of the annual report. Administrative filing with no new commercial or financial information.
19 Oct 2016regulatory community update▼ BadMajor
Market update: over 1,750 clients and workers have signed up, with job quotes exceeding A$150,000, but cost per signup remains high. Management says rising competition has lifted marketing costs, a shift from earlier upbeat marketing updates.
9 Sept 2016annual report● Neutral
Full-year statutory accounts to 30 June 2016, repeating the preliminary results. Directors listed are Robertson, Gilfillan and Davide Defendi, who replaced Dougal Ferguson on 4 March 2016. Text is truncated, so no new figures beyond the preliminary report.
31 Aug 2016annual report● Neutral
Preliminary results for year to 30 June 2016: revenue A$21,438 (from A$212) and net loss A$607,831 (from A$45,239). These are the first revenue figures since the AssembleBay acquisition and relisting; the amounts remain very small.
29 July 2016quarterly activities report● Neutral
June 2016 quarter: AssembleBay says digital Adwords is lifting traffic and has expanded to Sydney, Melbourne, Adelaide and Brisbane, while the 500,000-household WA flyer drop was less effective. Cash ended at A$3.04m after a A$214k operating outflow; no revenue shown.
31 May 2016regulatory community update● Neutral
Marketing update says the first phase of flyer promotions in Perth is done and Google Adwords results are improving. A digital marketing consultant has been appointed, and flyers to about 500,000 WA households are planned for June. No user or revenue numbers.
29 Apr 2016quarterly activities report● Neutral
Quarter to 31 March 2016 covers the relisting on 10 March and the start of marketing, with early traffic reported but no figures. Plans include flyers to about 500,000 WA households. Cash figures are cut off in the text.
8 Apr 2016regulatory community update● Neutral
AssembleBay launched a national marketing campaign: paid promoters handing out flyers at a Perth homeware retailer, Google Adwords and social media ads. The website is also moving to a dedicated server. No user numbers or revenue given.
8 Mar 2016other● Neutral
Share distribution schedule at 4 March 2016 shows 1,111 holders and 237,982,218 shares. Administrative disclosure; the total is higher than the 205.2m shares ASX is quoting.
8 Mar 2016other● Neutral
Top 20 shareholder list at 4 March 2016. The largest holder has 6.53% and the top 20 together hold 48.05%. Director Dougal Ferguson holds 1.49%. Administrative disclosure.
8 Mar 2016other● Neutral
Appendix 1A listing application for quotation of 205,232,218 ordinary shares. Standard form supporting the reinstatement, with no new commercial information.
8 Mar 2016other● Neutral
Corporate governance statement for requotation. The board of three non-executives has no CEO and no separate committees. Governance document only, with no new financial information.
8 Mar 2016asset acquisition disposition▲ GoodMajor
Company confirms the A$3.25m offer closed and the AssembleBay acquisition completed, with 12.75m shares issued to vendors. The A$200k loans were repaid by issuing 20m shares, and 10m shares plus 21m options went to advisers. Completes the open deal.
8 Mar 2016other● Neutral
Company constitution filed as part of the reinstatement documents. Administrative only; only the title page is shown.