TV2U raising too hot to handle – scaled back on demand
Published 27-MAY-2016 11:07 A.M.
|
2 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Next-gen entertainment company TV2U (ASX:TV2) has bagged $1.94 million in a placement – one that had to be trimmed back due to demand.
The ASX-listed company told its shareholders today that it would have $3.1 million in the bank after the capital raise had gone through, but it had bagged $1.94 million as part of a placement to sophisticated and institutional shareholders.
It said the offer for 3c per share needed to be scaled back as a function of demand.
The company will issue 64.8 million new shares and 32.4 million options, and existing shareholders will get the chance to buy-in at the same rate – with TV2 launching a one-for-four offer of options.
TV2 said the cash would go towards new hires for its research and development team, which it said would allow it to “more rapidly pursue a number of short-term opportunities” on the company’s horizon.
Earlier this week TV2U unveiled a partnership with leading B2B telecommunications provider OM Telecom to sell its over-the-top entertainment product to OMT’s customers.
OMT has a customer base of over 200,000, through partnerships with 12 Internet Service Providers.
It said revenue from the deal would be split equally between the two parties.
The deal effectively allows the two parties to launch a package for the market which bundles their respective telecommunications and OTT entertainment solutions together – increasing the carrot for potential buyers.
About TV2U (ASX:TV2)
TV2 is building an over-the-top entertainment solution, encompassing content such as karaoke, international television on demand, subscription video on demand, and gaming.
This OTT solution can be sold on a ‘white label’ basis to telecommunications clients for them to offer to potential and existing customers.
TV2’s difference in the marketplace surrounds its analytics platform.
It is able to gather unique real time viewership analytics, which it can then package up for advertisers to serve highly-targeted advertising to end-users.
General Information Only
This material has been prepared by Jason Price. Jason Price is an authorised representative (AR 000296877) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573) (62C), and a Director of S3 Consortium Pty Ltd (trading as StocksDigital).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, Jason Price, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, Jason Price, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
