7.95%
Due to a recent quarterly update, the only surprise from the 2020 profit results was slightly higher corporate costs.
The company announced a material acquisition of Chilean horizontal classifieds business ‘Yapo , which Morgans incorporates into forecasts. This increases the target to $1.63 from $1.59 while Morgans retains the Add rating.
The company for the first time outlined a range of potential monetisation opportunities available regarding the expanding portfolio of online businesses, reports the broker; when the time is right.
FORECAST
FY21 dividend of
minus -1.70 cents.
FY22 dividend of
minus -0.20 cents.
SG-based Catcha Investment joins SPAC craze, files to raise $250m in US IPO
Catcha Group CEO Patrick Grove
January 26, 2021
A blank cheque company formed by the Singapore-based internet investment firm Catcha Group is aiming to raise $250 million in an initial public offering (IPO) on the New York Stock Exchange (NYSE), according to a regulatory filing on Monday.
The company, Catcha Investment, said it would offer 25 million units at $10 apiece. Each unit will consist of one Class A ordinary share and one-half of a warrant, exercisable at $11.50, a preliminary prospectus filed with the US Securities and Exchange Commission (SEC) showed.
“While we may pursue an acquisition or a business combination target in any business, industry or geography, we intend to focus our search on a target with operations or prospective operations in the technology, digital media, financial technology, or digital services sectors, which we refer to as ‘new economy sectors’, across Asia Pacific,
ThinkLearning:
3 Sectors to Watch in 2021 webinar on Wednesday 13 January, it is perhaps an opportune time to take a closer look at each of the major sectors within the Australian Market.
The Global Industry Classification Standard or GICS is the typical method for classifying stocks into groups which best define their business. There are 11 main GICS sectors for the Australian market and many sub-sectors to these. Each main sector has a corresponding index which aggregates the performance of the stocks within the sector, much like the S&P ASX 200 does for the 200 largest capitalisation stocks listed on the ASX. Also, like the S&P ASX 200 (XJO), each as a corresponding ticker code so investors can check the price of the index on the ASX website or with their preferred data provider.