Proactiveinvestors Australia - Automobiles & Parts RSS feed http://www.proactiveinvestors.com.au Proactiveinvestors Australia - Automobiles & Parts feed en Sun, 21 Jan 2018 17:05:14 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com action@proactiveinvestors.com iCar Asia to rattle the tin http://www.proactiveinvestors.com.au/companies/news/187109/icar-asia-to-rattle-the-tin-187109.html Mon, 13 Nov 2017 10:23:00 +1100 http://www.proactiveinvestors.com.au/companies/news/187109/icar-asia-to-rattle-the-tin-187109.html Sprintex Ltd appoints Tyrone Jones as chief executive officer http://www.proactiveinvestors.com.au/companies/news/180330/sprintex-ltd-appoints-tyrone-jones-as-chief-executive-officer-180330.html Wed, 05 Jul 2017 08:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/180330/sprintex-ltd-appoints-tyrone-jones-as-chief-executive-officer-180330.html 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 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 LatAm Autos to outline details of capital raising http://www.proactiveinvestors.com.au/companies/news/172441/latam-autos-to-outline-details-of-capital-raising-172441.html Tue, 31 Jan 2017 11:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/172441/latam-autos-to-outline-details-of-capital-raising-172441.html Latam Autos Ltd to launch auto-classifieds product with ebay Mexico http://www.proactiveinvestors.com.au/companies/news/168768/latam-autos-ltd-to-launch-auto-classifieds-product-with-ebay-mexico-168768.html Thu, 10 Nov 2016 08:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/168768/latam-autos-ltd-to-launch-auto-classifieds-product-with-ebay-mexico-168768.html Proton Power shares rocket on sales update and restructuring http://www.proactiveinvestors.com.au/companies/news/128885/proton-power-shares-rocket-on-sales-update-and-restructuring-128885.html Tue, 02 Aug 2016 20:24:00 +1000 http://www.proactiveinvestors.com.au/companies/news/128885/proton-power-shares-rocket-on-sales-update-and-restructuring-128885.html 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
Advanced Braking Technology Ltd to reveal equity raising http://www.proactiveinvestors.com.au/companies/news/148041/advanced-braking-technology-ltd-to-reveal-equity-raising-70055.html Advanced Braking Technology Ltd (ASX:ABV) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

The halt will remain in place until the opening of trade on Friday 29th July 2016, 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, 27 Jul 2016 10:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148041/advanced-braking-technology-ltd-to-reveal-equity-raising-70055.html
Proton Power agrees deal with German blue chip http://www.proactiveinvestors.com.au/companies/news/126546/proton-power-agrees-deal-with-german-blue-chip-126546.html Tue, 31 May 2016 20:58:00 +1000 http://www.proactiveinvestors.com.au/companies/news/126546/proton-power-agrees-deal-with-german-blue-chip-126546.html Proton Power revenues dropped in 2015, but outlook emphasises significant new orders http://www.proactiveinvestors.com.au/companies/news/125637/proton-power-revenues-dropped-in-2015-but-outlook-emphasises-significant-new-orders-125637.html Fri, 06 May 2016 17:42:00 +1000 http://www.proactiveinvestors.com.au/companies/news/125637/proton-power-revenues-dropped-in-2015-but-outlook-emphasises-significant-new-orders-125637.html Proton Power Systems receives significant order from blue chip client http://www.proactiveinvestors.com.au/companies/news/125410/proton-power-systems-receives-significant-order-from-blue-chip-client-125410.html Fri, 29 Apr 2016 19:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/125410/proton-power-systems-receives-significant-order-from-blue-chip-client-125410.html Oversold Transense ready to make waves http://www.proactiveinvestors.com.au/companies/news/124960/oversold-transense-ready-to-make-waves-124960.html Tue, 19 Apr 2016 19:56:00 +1000 http://www.proactiveinvestors.com.au/companies/news/124960/oversold-transense-ready-to-make-waves-124960.html Armour Group in reverse takeover bid for OneView http://www.proactiveinvestors.com.au/companies/news/123043/armour-group-in-reverse-takeover-bid-for-oneview-123043.html Sat, 27 Feb 2016 01:01:00 +1100 http://www.proactiveinvestors.com.au/companies/news/123043/armour-group-in-reverse-takeover-bid-for-oneview-123043.html GKN posts higher profits but sees flat aerospace sales http://www.proactiveinvestors.com.au/companies/news/122844/gkn-posts-higher-profits-but-sees-flat-aerospace-sales-122844.html Tue, 23 Feb 2016 19:35:00 +1100 http://www.proactiveinvestors.com.au/companies/news/122844/gkn-posts-higher-profits-but-sees-flat-aerospace-sales-122844.html Transense inks deal with Continental http://www.proactiveinvestors.com.au/companies/news/120531/transense-inks-deal-with-continental-120531.html Wed, 16 Dec 2015 22:01:00 +1100 http://www.proactiveinvestors.com.au/companies/news/120531/transense-inks-deal-with-continental-120531.html LatAm Autos to make placement http://www.proactiveinvestors.com.au/companies/news/137991/latam-autos-to-make-placement-65313.html LatAm Autos (ASX:LAA) is preparing to outline details of a placement, with the ASX granting the company a trading halt to organise.

The company is a dedicated online auto classifieds and content platform with operations in six countries across Latin America.

The halt will remain in place until the opening of trade on Friday 30th October 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, 28 Oct 2015 10:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137991/latam-autos-to-make-placement-65313.html
GKN sees softer fourth quarter markets but sales rise http://www.proactiveinvestors.com.au/companies/news/116517/gkn-sees-softer-fourth-quarter-markets-but-sales-rise-116517.html Thu, 22 Oct 2015 18:50:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116517/gkn-sees-softer-fourth-quarter-markets-but-sales-rise-116517.html Transense Technologies sells IntelliSAW to Emerson http://www.proactiveinvestors.com.au/companies/news/116467/transense-technologies-sells-intellisaw-to-emerson-116467.html Wed, 21 Oct 2015 18:10:00 +1100 http://www.proactiveinvestors.com.au/companies/news/116467/transense-technologies-sells-intellisaw-to-emerson-116467.html Lookers buys 30 dealerships up north http://www.proactiveinvestors.com.au/companies/news/110488/lookers-buys-30-dealerships-up-north-110488.html Thu, 03 Sep 2015 17:02:00 +1000 http://www.proactiveinvestors.com.au/companies/news/110488/lookers-buys-30-dealerships-up-north-110488.html Advanced Braking Technology speeds ahead 166.7% today http://www.proactiveinvestors.com.au/companies/news/148040/advanced-braking-technology-speeds-ahead-1667-today-64100.html Thursday’s leading ASX % Gainers at midday.

NameCodeLastChangeVolume
Advanced Braking Technology ASX:ABV $0.008 166.7% 20,620,796
Black Star Petroleum ASX: BSP $0.002 100% 300,000
Water Resources Group ASX: WRG $0.004 100% 4,856,974
Armour Energy ASX: AJQ $0.077 63.8% 3,318,866
Australian Pacific Coal ASX: AQC $0.007 40% 5,099,362
Global Geoscience ASX: GSC $0.004 33.3% 199,767
Abilene Oil & Gas ASX: ABL $0.024 33.3% 45,400
Winmar Resources ASX: WFE $0.004 33.3% 1,250,001
Monax Mining ASX: MOX $0.009 28.6% 500,000
Millennium Minerals ASX: MOY $0.08 27% 1,119,558

 

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, 20 Aug 2015 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148040/advanced-braking-technology-speeds-ahead-1667-today-64100.html
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
City encouraged by GKN’s latest addition http://www.proactiveinvestors.com.au/companies/news/109458/city-encouraged-by-gkns-latest-addition-109458.html Wed, 29 Jul 2015 19:34:00 +1000 http://www.proactiveinvestors.com.au/companies/news/109458/city-encouraged-by-gkns-latest-addition-109458.html GKN buys WWI aircraft maker Fokker for £500mln http://www.proactiveinvestors.com.au/companies/news/109425/gkn-buys-wwi-aircraft-maker-fokker-for-500mln-109425.html Wed, 29 Jul 2015 00:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/109425/gkn-buys-wwi-aircraft-maker-fokker-for-500mln-109425.html Sprintex Limited tops ASX gainers with 100% rise at midday http://www.proactiveinvestors.com.au/companies/news/145524/sprintex-limited-tops-asx-gainers-with-100-rise-at-midday-63495.html Thursday’s leading ASX % Gainers at midday.

NameCodeLastChangeVolume
Sprintex Limited ASX:SIX $0.002 100% 2,500,000
Metal Bank ASX:MBK $0.013 85.7% 66,666
Pegasus Metals ASX:PUN $0.016 77.8% 162,947
Black Range Minerals ASX:BLR $0.003 50% 1,000,000
Metals Australia ASX:MLS $0.003 50% 734,404
Overland Resources ASX:OVR $0.016 45.5% 14,203,389
Mount Ridley Mines ASX:MRD $0.023 35.3% 1,524,650
OTOC Limited ASX:OTC $0.10 25% 1,707,718
3D Resources ASX:DDD $0.005 25% 950,000
Cullen Resources ASX:CUL $0.005 25% 11,369,709

 

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, 16 Jul 2015 13:00:00 +1000 http://www.proactiveinvestors.com.au/companies/news/145524/sprintex-limited-tops-asx-gainers-with-100-rise-at-midday-63495.html
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
Advanced Braking Technology’s trailer brake performance up tenfold http://www.proactiveinvestors.com.au/companies/news/148039/advanced-braking-technologys-trailer-brake-performance-up-tenfold--62813.html Advanced Braking Technology (ASX:ABV) ongoing SIBS® trailer brake trial has demonstrated a tenfold improvement in performance after running for over 90,000 kilometres.

The trailer brake has met or exceeded expectations in every respect and is expected to meet or exceed its projected 250,000 kilometre usage target.

This compares with existing standard drum brakes that require significant maintenance every 20,000km in similarly rough road conditions.

ABT is now reviewing its options in relation to the commercialisation of this product including partnering relationships with potential manufacturing and distribution partners.

The trial was installed on Linfox trailer dollies operating in the Pilbara region of Western Australia.

The SIBS® trailer brake has a significant number of patents pending globally and importantly, has patents already in place in the U.S.

The U.S. and Australian markets have an addressable market of over 245,000 new trailers each year and an existing fleet in excess of 2 million units.



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, 09 Jun 2015 14:30:00 +1000 http://www.proactiveinvestors.com.au/companies/news/148039/advanced-braking-technologys-trailer-brake-performance-up-tenfold--62813.html
Vertu Motors revs up record revenue and profit; car dealer ups dividend http://www.proactiveinvestors.com.au/companies/news/106712/vertu-motors-revs-up-record-revenue-and-profit-car-dealer-ups-dividend-106712.html Car dealer Vertu Motors (LON:VTU) cheered investors this morning by delivering record annual revenues and profits along with a double digit dividend boost.

Profit before tax in the year to February rose 32.9% to a record £21mln, the Gateshead-based motor retailer said, while revenue rose 23% to £2.1bn.

Higher automobile sales from its Bristol Street Motors, Farnell and Macklin Motors forecourts helped the performance, as did increases in the of number of customers on its service plans.

Meanwhile, in the post-year-end period, March and April trading performance has been ahead of current targets.

Sales of new cars over both months were up 4.3% on a like-for-like basis, while used car volumes were 6.2% higher.

Vertu said plate changes meant March was the highest UK registrations month for new cars this century.

On the back of the strong performance, the group has decided to pay a total dividend of 1.05p per share, up 31% from the 0.8p paid the year before.

"The group is delivering a strong trading performance driven through its successful acquisition growth strategy and improvements in its underlying organic performance,” said chief executive Robert Forrester.

“Many businesses within the dealership portfolio in the group have the potential to achieve enhanced margins.”

The company opened ten new outlets in the year, taking the total to 116, and has acquired or opened a further 14 since the year-end.

Broker N+1 Singer said 2014 results are fractionally ahead of expectations and current trading is encouraging in all divisions, including used cars. 

“Although depreciation rates have worsened after a period of abnormal resilience Vertu indicates conditions look more typical now, rather than reflecting a hard landing. This should be well received.”

Shares were 2p higher at 59p.


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Wed, 13 May 2015 21:19:00 +1000 http://www.proactiveinvestors.com.au/companies/news/106712/vertu-motors-revs-up-record-revenue-and-profit-car-dealer-ups-dividend-106712.html
LatAm Autos launches regional automotive content website in Latin America http://www.proactiveinvestors.com.au/companies/news/137990/latam-autos-launches-regional-automotive-content-website-in-latin-america-61273.html LatAm Autos (ASX:LAA) has launched the first regional automotive content platform in Latin America to complement its online classifieds businesses.

Based on the success of a similar website offered by the company’s Peruvian business, todoautos.pe, Motorbit.com has been launched to provide a regional, Spanish speaking information and news source on the automotive industry.

The site will provide the ability for content integration with LatAm Autos automotive classifieds sites and offer select advertisers the ability to access a highly-targeted demographic of automotive customers in Latin America.

Content will comprise local, regional and international news and events that provides a locally relevant news feed as well as a global perspective to Latin American visitors

The company maintains the future opportunity to establish a Portuguese version of Motorbit.com targeted at the Brazilian market in the future.

LatAm Autos is a leading dedicated online auto classifieds and content platform with operations in six countries in Latin America - Argentina, Mexico, Ecuador, Peru, Panama and Bolivia.



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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Mon, 16 Mar 2015 17:00:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137990/latam-autos-launches-regional-automotive-content-website-in-latin-america-61273.html
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 14:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/137122/icar-asia-places-21-million-to-acquire-thailands-one2carcom--58919.html
Sprintex Ltd raises funds to develop automotive product in North America http://www.proactiveinvestors.com.au/companies/news/145522/sprintex-ltd-raises-funds-to-develop-automotive-product-in-north-america-58451.html Sprintex Limited (ASX:SIX) has raised $190,000 through a share placement to continue development of its core automotive product in the North American market.

The placement of 63.3 million shares priced at $0.003 per share was made to an existing shareholder Axiom Investment Management.

In 2014, the company reorganised and sought to stabilise its position in the automotive market as a leading global producer of superchargers.

Its products are used in the Jeep JK 3.6L Pentastar system as well as the Toyota FT86 / Scion FRS / Subaru BRZ vehicles.

Sprintex is also close to releasing the S5-100 supercharger, which is suitable for 800cc to 1.2L engines.

This product will be particularly relevant to small engine vehicles and other products such as ATV’s, snowmobiles and jet skis.



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, 24 Oct 2014 17:30:00 +1100 http://www.proactiveinvestors.com.au/companies/news/145522/sprintex-ltd-raises-funds-to-develop-automotive-product-in-north-america-58451.html