Sign up Australia
Proactive Investors - Run By Investors For Investors

ShareRoot attracts funds to continue its growth momentum

Social network advertising is forecast to grow into a US$17 billion per year sector.
shareroot platform
Three core activities to boost revenue

ShareRoot Ltd (ASX:SRO) has closed its rights issue last week with an initial $0.7 million raised via the issue of 143,723,344 shares at $0.005 per share.

There is significant interest in the shortfall of 257,063,712 shares from strategic investors. ShareRoot is expected to update on the placement of the shortfall over the coming weeks.

Social network advertising forecast to grow to US$17 billion per year

ShareRoot is specialised in User Generated Content (UGC) marketing - allowing businesses to search, acquire, organize and measure the effectiveness of user generated marketing campaigns.

UGC or social network advertising is forecast to grow into a US$17 billion per year marketing sector with an 18% compound annual growth rate through to 2019.

Financial flexibility to pursue key growth objectives

The completion of the capital raising provides ShareRoot with sufficient financial flexibility to pursue its key growth objectives for 2018.

The company has already witnessed rapid user-growth in the second half of 2017, with its user base increasing by over 210,000 since the June quarter, reaching 393,701 users by December 2017 - a circa 116% increase.

End-to-end social and digital media content company

The three platforms within ShareRoot (UGC, MediaConsent and TSS) now positions it as an end-to-end social and digital media content company.

The roll-out of MediaConsent has expanded ShareRoot’s platform into the multi-billion dollar Customer Identity Management (CIM) market.

MediaConsent will provide protection to both individuals and companies and will enable companies to operate without concerns of litigation across all digital marketing channels.

READ: ShareRoot to acquire profitable digital content agency

TSS is a profitable social media and digital marketing agency that is complementary and builds on ShareRoot’s existing client offerings across social and digital marketing segments.

With three core activities underway, the company anticipates a significant increase in revenue in 2018.

View full SRO profile View Profile

ShareRoot Ltd Timeline

Related Articles

picture of trading screens
With an optimistic outlook on future earnings, the company expects to recommend its first dividend in the second half of the current financial year.
January 12 2018
Universal mCloud's technology set services some of the biggest companies in the world
Flow chart of the Hazer Process
March 21 2018
The Hazer Process could disrupt the $100 billion hydrogen production market.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use