http://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Tue, 12 Dec 2017 13:22:11 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - iCar Asia to rattle the tin ]]> http://www.proactiveinvestors.com.au/companies/news/187109/icar-asia-to-rattle-the-tin-187109.html iCar Asia Ltd (ASX:ICQ) is headquartered in Malaysia and owns and operates a network of automotive portals.

iCar is now heading to market with a capital raising, and the ASX has granted a trading halt to prepare.

The halt will remain in place until the opening of trade on Wednesday 15th November 2017, or earlier if an announcement is made to the market.

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Mon, 13 Nov 2017 10:23:00 +1100 http://www.proactiveinvestors.com.au/companies/news/187109/icar-asia-to-rattle-the-tin-187109.html
<![CDATA[News - iCar Asia records highest ever quarterly cash receipts ]]> http://www.proactiveinvestors.com.au/companies/news/176688/icar-asia-records-highest-ever-quarterly-cash-receipts-176688.html iCar Asia (ASX:ICQ) has achieved record cash collections of $2.51 million for the March 2017 quarter, up 29% from the same period last year.

Significantly, iCar Asia recorded its highest ever quarterly cash receipts during the March quarter.

Headquartered in Kuala Lumpur, Malaysia, the company is focused on developing and operating automotive portals in Malaysia, Indonesia and Thailand.

iCar’s online portals reaches over 7 million car buyers and sellers in the region every month.

The company has had a solid start to 2017 with the delivery of key strategic initiatives.

iCar achieved overall listings growth of 26% year-on-year for March 2017, including 51% growth for Malaysia and 47% growth for Thailand.

Importantly, the company witnessed strong growth in paid accounts, up 25% year-on-year in total and 95% in Indonesia.

iCar finished the quarter with $23.84 million in cash and cash equivalents as at 31 March 2017.

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Fri, 21 Apr 2017 08:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/176688/icar-asia-records-highest-ever-quarterly-cash-receipts-176688.html
<![CDATA[News - iCar Asia Ltd grows quarterly cash receipts from automotive portals by 45% ]]> http://www.proactiveinvestors.com.au/companies/news/137125/icar-asia-ltd-grows-quarterly-cash-receipts-from-automotive-portals-by-45-70076.html iCar Asia Ltd (ASX:ICQ), which owns a network of automotive portals in Southeast Asia, has achieved 45% year-on-year growth in cash collections for the June 2016 quarter, totalling $1.9 million.

The growth was driven by increased momentum in Thailand and Indonesian businesses during the key seasonal car buying period.
 
iCar Asia finished the quarter with an impressive $13 million in cash and cash equivalents.

The engagement with paid products continue to grow, with Thai dealers promoting almost 4 times as many listings in June 2016 compared to June 2015.

In Indonesia, dealers paid for over 20,000 listings to be promoted, a new monthly high for the country.

The Kuala Lumpur headquarter company is also planning to invest further in improving private seller experience on desktop and mobile across its markets in Thailand, Malaysia and Indonesia.

An improving consumer market, along with innovative products and focused marketing is expected to provide a platform for solid year-on-year growth for the rest of the year.

In June, Hamish Stone was appointed as group CEO of iCar Asia Ltd. He was former head of marketing for eBay Australia and New Zealand.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 28 Jul 2016 09:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137125/icar-asia-ltd-grows-quarterly-cash-receipts-from-automotive-portals-by-45-70076.html
<![CDATA[News - iCar Asia raises $3.5M to drive growth ]]> http://www.proactiveinvestors.com.au/companies/news/137124/icar-asia-raises-35m-to-drive-growth-63818.html iCar Asia (ASX:ICQ) has raised $3.5 million through an oversubscribed 1 for 44 non-renounceable entitlement offer of shares priced at $0.65.

It previously raised $11.5 million through a placement of 17.7 million shares to select institutional investors.

Proceeds from the placement and entitlement offer will be used for:

- Delivery of new consumer targeted mobile apps to further grow the company’s market leadership positions and quality lead volumes;
- Delivery of new, automotive manufacturer advertising products which are designed to increase the company’s share of the online new car advertising market;
- Launch of a ‘Cost Per Lead’ product, enabling the company to participate in used car market commission revenues; and
- Marketing programs to support new product releases and regional expansion in existing markets.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Tue, 04 Aug 2015 15:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137124/icar-asia-raises-35m-to-drive-growth-63818.html
<![CDATA[News - iCar Asia on capital raising drive ]]> http://www.proactiveinvestors.com.au/companies/news/137123/icar-asia-on-capital-raising-drive-63224.html iCar Asia (ASX:ICQ) has been granted a trading halt by the ASX to allow it time to facilitate a placement.

The company has a unique operating model, with a focus on developing and operating automotive portals in Malaysia, Indonesia and Thailand.

Its online properties currently reach over 6.1 million car buyers and sellers in the region every month.

The halt will last until the opening of trade on Friday 3rd July 2015, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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Wed, 01 Jul 2015 11:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/137123/icar-asia-on-capital-raising-drive-63224.html
<![CDATA[News - iCar Asia places $21 million to acquire Thailand's One2car.com ]]> http://www.proactiveinvestors.com.au/companies/news/137122/icar-asia-places-21-million-to-acquire-thailands-one2carcom--58919.html iCar Asia Limited (ASX:ICQ), owner of ASEAN's number 1 network of automotive websites, is to acquire Thailand’s largest automotive classifieds site One2car.com for A$16.7 million.

The acquisition will be funded by a $21 million placement of new shares to professional and sophisticated investors at an issue price of $1.10.

This placement was successfully completed on 12 November 2014, and iCar will also offer a share purchase plan to raise a further $4 million.

One2car.com has been established for over 12 years and consistently attracts an audience of more than 1.2 million unique visitors every month.

It boasts 1,800 car dealers in the greater Bangkok area paying a monthly subscription to list their cars on the site, and an estimated that in excess of 80% of all car buyer leads to car dealers in greater Bangkok are generated by One2car.com.

iCar will combine One2car.com with its existing site in Thailand, Thaicar.com, resulting in a strong leadership position in the Thai market.

The consideration for the purchase is A$16.7 million, comprised of A$13.4 million cash and A$3.3 million worth of ICQ shares to be issued to the vendors.

The final issue price of these shares will be determined at completion of the acquisition. A further A$900,000 will be allocated to a bonus pool for One2car.com staff.

The acquisition is subject to a number of conditions precedent and is expected to complete in mid-December 2014.

ICQ is capitalised at $230 million and is currently trading at $1.15.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Thu, 13 Nov 2014 13:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137122/icar-asia-places-21-million-to-acquire-thailands-one2carcom--58919.html
<![CDATA[News - iCar Asia snares $13.4M investment from carsales.com ]]> http://www.proactiveinvestors.com.au/companies/news/137121/icar-asia-snares-134m-investment-from-carsalescom-40843.html iCar Asia (ASX: ICQ) has secured a $13.4 million investment from carsales.com (ASX: CRZ).

The companies will form a strategic relationship and a carsales representative will join the iCar Asia Board.

carsales will subscribe for shares at a price of $0.375 per share, equating to a total consideration of approximately A$13.4m.  iCar Asia last traded at $0.30.

All proceeds will remain in the iCar Asia business.

iCar Asia owns and operates a network of online automotive sites in ASEAN with operations in Thailand, Malaysia and Indonesia reportedly reaching 1.5 million people every month.

Brands include Thaicar.com and Autospinn.com in Thailand, Carlist.my and LiveLifeDrive.com in Malaysia and Mobil123.com in Indonesia.

iCar Asia Chairman, Patrick Grove said he was looking forward to working with the carsales team to continue to accelerate iCar Asia’s growth.

The deal is subject to iCar Asia shareholder approval as well as having a number of conditions.

iCar Asia has a market cap. of about $16 million while carsales.com has a market cap of around $2.1 billion.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Fri, 15 Mar 2013 09:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137121/icar-asia-snares-134m-investment-from-carsalescom-40843.html
<![CDATA[News - iCar Asia to acquire Thaicar.com ]]> http://www.proactiveinvestors.com.au/companies/news/137120/icar-asia-to-acquire-thaicarcom--39099.html iCar Asia (ASX: ICQ) has inked an agreement to acquire Thailand’s second largest automotive classifieds site, Thaicar.com, for A$400,000.

Thaicar.com has over 370,000 unique visitors each month, viewing more than 23,000 car listings from over 600 car dealers.

The consideration will be comprised of a $200,000 cash payment and the issue of $200,000 worth of iCar Asia shares.

Thaicar.com will combine with iCar Asia’s Autospinn.com with the aim to create a leading position in Thailand for people looking to buy or sell new or used cars.

iCar Asia owns and operates ASEAN’s No. 1 network of car classifieds and content websites, reaching 1.5 million people every month.

In iCar’s targeted markets, vehicle ownership levels are growing strongly – around 5.5% per annum in Malaysia, 5.2% per annum in Thailand and 11.3% per annum in Indonesia.

New passenger car sales are also growing strongly, driven by rising wealth levels and government stimulation of the automotive sectors in each country.

Overall automotive advertising expenditure is expected to increase significantly in Malaysia, Thailand and Indonesia, with an increasing proportion of this expenditure to move to online media.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 04 Feb 2013 17:50:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137120/icar-asia-to-acquire-thaicarcom--39099.html
<![CDATA[News - iCar Asia buys Malaysian automotive website ]]> http://www.proactiveinvestors.com.au/companies/news/137119/icar-asia-buys-malaysian-automotive-website-37899.html iCar Asia (ASX: ICQ) is aiming to become Malaysia’s number one website for people looking to buy or sell new or used cars with the acquisition of LiveLifeDrive.com.

LiveLifeDrive.com is Malaysia’s fastest growing automotive website with a 400% increase through 2012 to 272,000 visitors to the website in November.

The website provides extensive coverage and reviews of new cars in Malaysia.

iCar Asia will add the website to its portfolio via the acquisition of owner and operator, DQBP Sdn Bhd, for up to 6.5 million Malaysian ringgit (A$2.04 million).

The staged consideration will be settled via a combination of cash and shares.

The first 1.7 million Malaysian ringgit is payable on completion of a Sale and Purchase Agreement and will be comprised of 600,000 Malaysian ringgit in cash and 1.1 million Malaysian ringgit in iCar Asia shares.

A further 1.8 million Malaysian ringgit will be payable 18 months from that date in equal parts cash and iCar Asia shares.

The balance of a potential 3 million Malaysian ringgit relates to non‐guaranteed, performance‐based payments and will be split evenly between cash and shares.

iCar Asia owns and operates ASEAN’s No. 1 network of car classifieds and content websites, reaching 1.5 million people every month.

The acquisition of LiveLifeDrive.com will combine with the company’s classifieds website, Carlist.my, with the end goal to become the clear number one website in Malaysia for people looking to buy or sell new or used cars.

In iCar’s targeted markets, vehicle ownership levels are growing strongly – around 5.5% per annum in Malaysia, 5.2% per annum in Thailand and 11.3% per annum in Indonesia.

New passenger car sales are also growing strongly, driven by rising wealth levels and government stimulation of the automotive sectors in each country.

Overall automotive advertising expenditure is expected to increase significantly in Malaysia, Thailand and Indonesia, with an increasing proportion of this expenditure to move to online media.


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.

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Mon, 07 Jan 2013 15:50:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137119/icar-asia-buys-malaysian-automotive-website-37899.html
<![CDATA[News - iCar Asia targets growth of online automotive sites in Asia ]]> http://www.proactiveinvestors.com.au/companies/news/137118/icar-asia-targets-growth-of-online-automotive-sites-in-asia-34255.html iCar Asia (ASX: ICQ) only recently hit the boards of the ASX following a successful, fully underwritten, IPO offering 50 million shares at $0.20 to raise $10 million.

The company, which is currently trading at its IPO price, has been working to boost its expertise in the field of leading automotive portals in Malaysia, Indonesia and Thailand.

John Paul Sta Maria has joined the company as country manager, Malaysia, with his appointment following closely on the heels of two key executive management appointments last month.

Sta Maria’s strong commercial knowledge of online classifieds and intimate knowledge of the best way to create business success in Malaysia will help drive iCar Asia’s leading online car classifieds business, Carlist.my.

iCar Asia owns and operates ASEAN’s No. 1 network of car classifieds and content websites, reaching 1.5 million people every month.

In iCar’s targeted markets, vehicle ownership levels are growing strongly – around 5.5% per annum in Malaysia, 5.2% per annum in Thailand and 11.3% per annum in Indonesia.

New passenger car sales are also growing strongly, driven by rising wealth levels and government stimulation of the automotive sectors in each country.

Overall automotive advertising expenditure is expected to increase significantly in Malaysia, Thailand and Indonesia, with an increasing proportion of this expenditure to move to online media.


Proactive Investors is a market leader in the investment news space, providing ASX “Small and Mid-cap” company news, research reports, StockTube videos and One2One Investor Forums.

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Tue, 09 Oct 2012 09:50:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137118/icar-asia-targets-growth-of-online-automotive-sites-in-asia-34255.html