The COVID-19 pandemic has caused a wave of discounted capital raisings with ~$30 billion of new shares issued to institutions in the last 3 months, at an average discount of 10%.
Share Purchase Plans (SPPs) allow individual shareholders to apply for up to $30,000 in shares at the same discounted price given to institutions. The challenge is that you must be a shareholder prior to the announcement of the SPP.
SPP HarvesterTM gives you access to SPPs by buying you 1-share in 300 of the largest, liquid, operating companies listed on ASX. It will identify and apply for in-the-money SPPs and automatically sell the new securities, efficiently recycling your capital into the next SPP. This automatically harvests the discount for SPPs, with minimum capital outlay, low establishment costs and minimal administration.
Forbidden Foods Ltd (ASX: FFF) was established in 2010 to produce healthy food products. Since then, the company has supplied directly to 159 customers and 14 major food manufacturers and currently has access to over 3,500 retailers and 500 food service and QSR customers through its network of 26 distributors. With supply to Woolworths and Costco, who make up 38.1% of the retail Food and Beverage market in Australia, Forbidden Foods has an ongoing brand presence in major retailers with the future ability to expand into their national and international store networks.
In FY2019, the gross revenue for the Forbidden Foods Group was $3,429,344 and the pro forma gross revenue is forecast to be $4,117,706 in FY2020.
The Payment App is a payments and KYC fintech revolutionising payments services to increase sales and reduce fraud. Their vision is to move beyond the “transaction” to create a better payment “experience”.
The AppsVillage Australia Ltd (ASX: APV) placement has successfully closed raising $2.14m for further support of marketing and growth and the continued development of the AppsVillage platform.
AppsVillage Australia Ltd is an Israel based SaaS company that empowers small businesses to build their digital presence via a unique suit of technologies, including app development, automated marketing, customer promotions, the sale of products & services and apply for loans. These are developed at a fraction of the cost and time of traditional developers.
The SendGold (Mobile Asset Holdings Ltd) offer has closed via OnMarket.
SendGold is a peer-to-peer digital money platform allowing customers to save, send or gift using gold as money. Developed with a focus rapid scalability and margin expansion, SendGold is taking gold into new sectors with new use cases for new customers, distributing through both retail and business partners.
The Transport Safety Systems Group Ltd wholesale offer has successfully closed.
iNSPIRETEK is an Australian technology company which offers an integrated mental and physical wellbeing performance tracking App and web platform, it is uniquely designed to change the lives of multiple demographics, especially youth athletes at all levels.
The Manuka Resources Ltd IPO has successfully closed. The offer was heavily oversubscribed, and all applications were subject to scale back. The shares are expected to be allotted on 8 July, with the planned ASX listing date of Tuesday 14 July.
Oncontractor Pty Ltd has developed an integrated employment platform used by companies that outsource employment activities through the use of contractors. Combining recruitment, onboarding and payroll, the platform can reduce client admin costs by 25-38% as well as reducing their risk.
The Keytone Dairy Corporation Ltd $12.5 million placement has successfully closed and was well supported by institutional and qualified investors. Shares issued under the offer will be allotted on Friday 15 May.
Elixinol Global Ltd has successfully completed the institutional component of its accelerated non-renounceable entitlement offer (“Entitlement Offer”). The offer was well supported by institutional, sophisticated and professional investors . Shares issued under the offer will be allotted on Thursday 14 May.
InteliCare Holdings Ltd is focused on the development and commercialisation of the InteliCare system, a market leading, end-to-end remote monitoring technology solution that allows seniors to live safely in their own residence for longer.
AirSeed Technologies was created to combat deforestation and the effects of climate change on our planet, using technology to increase carbon sequestration through scalable reforestation. Drone technology, artificial and data driven intelligence and sustainable biotechnology is used to rapidly deploy seeds for new trees into the ground.
Our performance has motivated members to share OnMarket, earning them over $229,000 in rewards.
The average returns by days post-listing are...
*Based on both open and closed positions of the 140 listed offers as at 1 August 2020.
Performance figures are calculated using a simple average method.