AB1 0.00% 18.0¢ abarta resources limited

Ann: Animoca Brands secures $12.6m contract in iClick partnership, page-33

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    Recent interview about this deal. This $12.6 million is so far only the initial contracted amount for CY19. Yat touches on how they would expect to expand on this and this continues. He says iClick have plenty of clients that they are excited to work with that will broaden this new revenue angle. It will also allow them to use iClick's profiles for their own entry into China, especially for the launch of CDH on Android and Beast Quest I'd imagine.

    Considering Animoca is at ~$60 million market cap, this relationship with iClick alone can justify these trading levels. Add in:

    • Animoca core games business (CDH, Crazy Kings)
    • Pixowl core games business (Goosebumps, Snoopy, Sandbox 2d)
    • Pixowl Sandbox 3D development
    • OliveX (22 pushups, Lympo Squat and development of Fitness Mirror)
    • Zeroth.AI (Portfolio in over 60 early stage AI companies)
    • Dapper Labs/HTC/CryptoKitties venture
    • Release of new core games (Masterchef, Wonderpark, CDH on Android, Valhalla Wars)
    • Dozen partnerships with Blockchain companies (WAX, Decentraland, OpenST, Helix etc)
    • Support from high profile tech investors from Asia
    • Board buying significant share parcels at higher prices than currently traded
    • Partners also invested, up to 11 cents.
    • Conservative estimate (expecting no growth in core business) should mean minimum CY19 revenues around ~$25 million (imo).
    • Cash on hand ~$10 million.
    • New developments that are not in the public domain that could significantly add to the bottom line or increase long-term shareholder value.

    I challenge someone, anyone, to give me a ticker of a ASX listed technology company that has a market cap of $60 million or less that has no debt and will do $25 million in revenue this year.

    That might be very hard. I'll make it easier. Find something that will at least do half of Animoca's revenue pipeline in 2019 and has similar market cap.
    Last edited by MrSiliconValley: 08/03/19
 
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