Proactiveinvestors Australia Swift Media Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Swift Media Ltd RSS feed en Thu, 27 Jun 2019 00:06:32 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Swift Media appoints new CEO and chairman, Medical Media acquisition ahead of schedule ]]> https://www.proactiveinvestors.com.au/companies/news/222857/swift-media-appoints-new-ceo-and-chairman-medical-media-acquisition-ahead-of-schedule-222857.html Swift Media Ltd (ASX:SW1) has appointed Pippa Leary as chief executive officer and current director Darren Smorgon as non-executive chairman.

Leary has been a consistent driver of growth, commercial innovation and shareholder value through senior roles at Nine Entertainment Company (ASX:NEC), Fairfax Media and APEX Advertising.

She will formally start the role in August and will be based in Sydney.

READ: Swift Media has a unique combo of technology, content and advertising: Pitt Street Research

Leary said she was excited about the opportunity Swift represented, noting the company’s positive fundamentals as a digital out-of-home marketing platform.

She said: “The team has built a profitable business servicing clients with communication and entertainment solutions in the key verticals of mining, aged care, hospitality and health.

“The recent acquisition of Medical Media has allowed Swift to further diversify its revenue streams and move into adjacent markets.”

READ: Swift Media’s mobile entertainment platform to expand globally after passing first growth target

Swift’s integration of Medical Media is running ahead of schedule and on-track to deliver at least $3 million of annual synergies and business improvements across FY2019 and FY2020.

Once integration is complete, Medical Media’s advertising capability and close relationships with more than 2,300 advertisers provide significant scope for Swift to enhance the monetisation of its existing network.

READ: Swift Media achieves first performance milestone based on room growth

In her role as managing director of the media division at Fairfax, Leary was responsible for the launch of WA Today, Brisbane Times, The Vine and Business Day.

She was also involved in the acquisitions and integrations of RSVP, Stayz, Essential Baby and Weatherzone.

Her executive employment contract has a base salary of $365,000 a year plus statutory superannuation with no fixed term and several incentive options.

READ: Swift Media’s sustained revenue and profit growth translate into higher

Darren Smorgon has been a non-executive director on Swift’s board since February of this year after having served on the board of Medical Media for three years prior to its acquisition.

Smorgon said he was excited to become chair and thanked the board for its support.

“The great foundations built by our outgoing CEO Xavier Kris and the management team give Pippa as incoming CEO a fantastic platform from which to build a new type of media business, focusing in particular on providing quality, targeted content to closed loop environments, and to serve local and national advertising in particular to the health sector.”

READ: Swift Media completes Medical Media acquisition

Smorgon is managing director of Sydney-based family office Sandbar Investments and prior to that had spent 16 years at CHAMP Private Equity where he led several deals including the privatisation and subsequent relisting of oOh!Media Ltd (ASX:OML).

His key terms of engagement include a chairman’s fee of $60,000 a year and share rights over 750,000 Swift shares.

READ: Swift Networks leveraged to $662 million aged care funding boost

Swift director Robert Sofoulis said the new appointments marked a new chapter in Swift’s history.

He said: “We are excited to have secured such experienced and skilful personnel to head up our board and management.

“Pippa brings a formidable track record of creating value for shareholders of companies that operate in markets where communications, content and advertising interface, and I look forward to her leading the next phase of Swift Media’s growth.

“I also look forward to Darren contributing strongly with his substantial corporate, strategy and ASX-listed governance experience.

“I wish to recognise and thank our outgoing CEO Xavier Kris for his valued contribution to the growth of the company during his tenure of three years as CEO – a period during which Swift achieved significant operational and strategic development.”

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Wed, 26 Jun 2019 06:21:00 +1000 https://www.proactiveinvestors.com.au/companies/news/222857/swift-media-appoints-new-ceo-and-chairman-medical-media-acquisition-ahead-of-schedule-222857.html
<![CDATA[News - Swift Media gains new substantial shareholder in Schroder Investment Management ]]> https://www.proactiveinvestors.com.au/companies/news/222705/swift-media-gains-new-substantial-shareholder-in-schroder-investment-management-222705.html Swift Media Ltd (ASX:SW1) has gained a new major shareholder in Schroder Investment Management Australia Limited (SIMAL), which has accumulated a 5.52% holding.

Schroders is a world-class asset manager operating from 32 countries across Europe, the Americas, Asia, the Middle East and Africa.

Swift is a diversified telecommunication, advertising and content solutions provider with services including free-to-air television, pay television, video on demand, integrated advertising and analytics.

It generated $12.46 million in revenue during the recent December half.

READ: Swift Media has a unique combo of technology, content and advertising: Pitt Street Research

A recent research report from Pitt Street Research valued the company in a range of 75 to 84 cents per share.

Pitt Street’s revenue growth and margin forecasts, derived from Swift Media’s new business combination, indicate a value well in excess of its 16-cent share price.

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Tue, 25 Jun 2019 08:51:00 +1000 https://www.proactiveinvestors.com.au/companies/news/222705/swift-media-gains-new-substantial-shareholder-in-schroder-investment-management-222705.html
<![CDATA[News - Swift Media has a unique combo of technology, content and advertising: Pitt Street Research ]]> https://www.proactiveinvestors.com.au/companies/news/219327/swift-media-has-a-unique-combo-of-technology-content-and-advertising-pitt-street-research-219327.html Swift Media Ltd’s (SW1) current valuation doesn’t accurately reflect the company’s commercial opportunities as per Pitt Street Research.

Pitt Street’s revenue growth and margin forecasts, derived from Swift Media’s new business combination, indicate a value well in excess of today’s share price.

Following is an extract from Pitt Street’s research report on Swift Media:

Unique combo of technology, content and advertising

Swift Media Limited (ASX:SW1) is a technology, content and advertising service provider focused on the fast-growing closed loop and digital out-of-home market.

It serves an installed base of ~73,000 screens (forecast for YE FY19), offering digital entertainment solutions to a range of verticals, including hotels, aged-care and the resources industry.

Advertising to leverage installed base of screens

SW1 has recently acquired the Digital Out-of-Home (DOoH) advertising business of Medical Media.

DOoH advertising in Australia is growing at nearly 16% CAGR, which provides a strong revenue driver for SW1.

SW1 intends to leverage its unique captive audience by offering highly targeted, high value advertisement opportunities to advertisers.

Operational synergies to drive margin expansion

Medical Media’s advertising business has a c.10% higher gross margin than SW1’s current businesses.

As A$3M in synergies set into the system and further network monetisation takes place, we expect the group’s margins to expand significantly.

Valuation range of A$0.75–0.84 per share

We believe SW1’s commercial opportunities and revenue potential are not accurately reflected in the company’s current valuation.

Driven by growth in the number of screens, the Medical Media acquisition and the new revenue stream from digital advertising on the installed base of screens, we value SW1 at A$0.75 per share in our base case and A$0.84 per share in an optimistic scenario, based on a blend of Discounted Cash Flow (DCF) and Sum Of The Parts-based relative valuations.

Disclosure: Pitt Street Research receives fees from the company referred to in this document, for research services and other financial services or advice we may provide to that company.

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Tue, 30 Apr 2019 15:45:00 +1000 https://www.proactiveinvestors.com.au/companies/news/219327/swift-media-has-a-unique-combo-of-technology-content-and-advertising-pitt-street-research-219327.html
<![CDATA[News - Swift Media’s mobile entertainment platform to expand globally after passing first growth target ]]> https://www.proactiveinvestors.com.au/companies/news/217700/swift-medias-mobile-entertainment-platform-to-expand-globally-after-passing-first-growth-target-217700.html Swift Media Ltd (ASX:SW1) is proceeding with plans to globally expand its mobile entertainment platform, Lumiair, following a strong customer response since its launch in November 2018.

Lumiair’s adoption in the hospitality industry has reached its first growth target of 100 sites and over 3,000 rooms with the platform continuing to gain momentum.

About 40% of total active sites have been signed up in the last 30 days and more than 90% of sales have been converted over the phone.

READ: Swift Media achieves first performance milestone based on room growth

Swift chief executive officer Xavier Kris said: “We are really pleased with the initial success of Lumiair.

“This new product is helping Swift break into an attractive new market segment with a platform that empowers hotel and hostel guests to stream premium content straight to their own devices.

“Our hotel customers have described Lumiair as a fantastic point of difference for them, and a low-cost alternative to pay TV with great movies.

“These attributes make Lumiair a trailblazing business-to-business product in the small to medium hospitality sector enabling these operators to deliver entertainment services only currently found in larger 4 and 5 star hotels.”

READ: Swift Media director snaps up shares on market

The company launched the product in hotels and hostels with 10 to 75 rooms, a section of the market which is typically cost conscious.

This is generally smaller than the typical Swift customer site, however, constitutes a large newly addressable market, with Australian accommodation providers overall having an average of about 54 rooms per property.

Kris added: “In light of our early success in securing more than 3,000 new rooms in Australia over a short period since Lumiair’s launch, we are bringing forward our plans to expand the service internationally.

“We will initially target the Asia Pacific region and have commenced discussions with our existing reseller partners as well as potential new ones to help us expand our global footprint with this exciting and highly scalable product that requires us to deploy no hardware or infrastructure.”

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Tue, 02 Apr 2019 11:58:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217700/swift-medias-mobile-entertainment-platform-to-expand-globally-after-passing-first-growth-target-217700.html
<![CDATA[News - Swift Media achieves first performance milestone based on room growth ]]> https://www.proactiveinvestors.com.au/companies/news/216336/swift-media-achieves-first-performance-milestone-based-on-room-growth-216336.html Swift Media Ltd (ASX:SW1) has satisfied the performance criteria for the conversion of 16,666,667 Class A Performance Shares into ordinary shares.

The company had issued the performance shares to the vendor as part consideration for its acquisition of 100% of the issued share capital in the Swift Group.

 

The performance criteria approved by shareholders for the conversion of the performance shares (milestone 1) was the earlier of:

• the company reaching 44,000 rooms with a revenue-generating service from Swift; and
• the company reaching consolidated revenue of $24,000,000 in any rolling 12-month period commencing after completion of the acquisition of the Swift Group.

The number of rooms generating revenue from a Swift service as at 31 December 2018 exceeded 44,000.

READ: Swift Media’s sustained revenue and profit growth translate into higher operating cash flow

Swift Media chief executive officer Xavier Kris said: “Achieving this performance milestone highlights the rapid growth the Swift business has delivered since the original acquisition of the Swift Group in May 2016.

“We are grateful for the continued support of the company’s founders, who recently increased their stake in the business through on-market share purchases in recognition of the exciting commercial opportunities that lie ahead for Swift.”

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Wed, 13 Mar 2019 13:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216336/swift-media-achieves-first-performance-milestone-based-on-room-growth-216336.html
<![CDATA[News - Swift Media director snaps up shares on-market ]]> https://www.proactiveinvestors.com.au/companies/news/215876/swift-media-director-snaps-up-shares-on-market-215876.html Swift Media Ltd (ASX:SW1) has had its non-executive director Robert Sofoulis purchase 355,000 shares valued at $98,974.

The shares were purchased via on-market trades at an average price of 27.88 cents. 

Sofoulis is a major shareholder in the company with 30.54 million shares.

READ: Swift Media’s sustained revenue and profit growth translate into higher operating cash flow

Last week, Swift revealed its December half result showing EBITDA of $2.74 million for the half representing a year-on-year growth of 168%.

The company also achieved revenue of $12.47 million for the half year, delivering year-on-year revenue growth of 20%.

Swift is a diversified telecommunication, advertising and content solutions provider with services including free-to-air television, pay television, video on demand, integrated advertising and analytics.

The company recently changed its name to Swift Media Ltd from Swift Networks Group Ltd.

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Wed, 06 Mar 2019 14:53:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215876/swift-media-director-snaps-up-shares-on-market-215876.html
<![CDATA[News - Swift Media’s sustained revenue and profit growth translate into higher operating cash flow ]]> https://www.proactiveinvestors.com.au/companies/news/215581/swift-medias-sustained-revenue-and-profit-growth-translate-into-higher-operating-cash-flow-215581.html Swift Media Ltd (ASX:SW1) has recorded an EBITDA of $2.74 million for the half year ended December 31 2018, representing a year-on-year growth of 168%.

The company achieved a revenue of $12.47 million for the half year, delivering year-on-year revenue growth of 20%.

Swift’s sustained revenue and profit growth have translated into positive net operating cash flow of $1.53 for the half year, up 22% compared to the prior corresponding period.

READ: Swift Networks leveraged to $662 million aged care funding boost

Swift is a diversified telecommunication, advertising and content solutions provider with services including free-to-air television, pay television, video on demand, integrated advertising and analytics.

The company recently changed its name to Swift Media Ltd from Swift Networks Group Ltd.

Swift’s statement of financial position as at December 31 2018 featured a significant strengthening of its financial flexibility, with $2,655,853 in cash at bank and an increase of 103% year on year in terms of its net cash position (cash at bank minus borrowings).

 

Swift delivered strong revenue and earnings growth in H1 FY19, as it continued to build with new and existing clients across its target markets.

The company expanded its world-class content catalogue with highly sought-after live eSports content and delivered product development with the launch of its Over-The-Top (OTT) Lumiair system.

During the period, Swift also actively pursued its inorganic growth agenda.

READ: Swift Media completes Medical Media acquisition

This strategy resulted in its acquisition in December 2018 of out-of-home digital advertising specialist Medical Media, with the transaction completed subsequent to the end of the reporting period on 15 February 2019.

Outlook

Swift anticipates that its results for the six months to 30 June 2019 will continue to show improvement.

The company is working to integrate the Medical Media business into its operations, and this is expected to be complete by 30 June 2019.

Medical Media’s advertising base combined with Swift’s content and technology should fast track advertising revenues across the merged group.

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Fri, 01 Mar 2019 15:51:00 +1100 https://www.proactiveinvestors.com.au/companies/news/215581/swift-medias-sustained-revenue-and-profit-growth-translate-into-higher-operating-cash-flow-215581.html
<![CDATA[News - Swift Media completes Medical Media acquisition ]]> https://www.proactiveinvestors.com.au/companies/news/214753/swift-media-completes-medical-media-acquisition-214753.html Swift Media Ltd (ASX:SW1) has completed the Medical Media acquisition effective 15 February 2019 after revealing the transaction on 21 December 2018.

Medical Media is a leading Australian digital out-of-home media network which operates more than 2,300 digital screens, delivering content to more than 5 million viewers every month.

The acquisition allows Swift to leverage its own world-class content and engaging technology with Medical Media’s advertising capability and network of screens.

Through this, Swift can deliver cost synergies of around $3 million per year and deploy Medical Media’s advertisers across Swift’s Network of 75,000 screens.

In conjunction with the transaction, Darren Smorgon has been appointed to the board as a non-executive director.

READ: Swift Networks reveals 167% increase in EBITDA for December half

Swift’s CEO Savier Kris said: “This accretive transaction will significantly broaden our market penetration and help us to further monetise our expanding footprint through attractive new audiences and advertisers.

“I am also pleased to welcome Darren Smorgon to our company.

“Darren brings a wealth of media industry experience and a deep corporate network, and we look forward to his contribution to the Board.

“My sincere thanks to our new and existing team members, customers, shareholders and banking partners for their support of this acquisition.”

Darren Smorgon added: “Swift represent the perfect partner for the next stage of Medical Media's journey.

“Swift's strong technology capabilities combined with Medical Media's advertising strengths make this a powerful business combination of which I'm excited to be a part.”

READ: Swift Networks leveraged to $662 million aged care funding boost

Earlier this month, Swift welcomed the government’s announcement to provide a $662 increase in funding for aged care and seniors.

Notably, the company recently secured initial three-year contracts with a number of operators including Berrington Care Group and Allity Aged Care.

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Mon, 18 Feb 2019 08:56:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214753/swift-media-completes-medical-media-acquisition-214753.html
<![CDATA[News - Swift Networks leveraged to $662 million aged care funding boost ]]> https://www.proactiveinvestors.com.au/companies/news/214308/swift-networks-leveraged-to-662-million-aged-care-funding-boost-214308.html Swift Networks Group Ltd (ASX:SW1) has welcomed the government’s weekend announcement to provide a $662 increase in funding for aged care and seniors.

The company recently secured initial three-year contracts with a number of operators including Berrington Care Group and Allity Aged Care.

Perth-based, luxury aged care provider, Berrington Care Group will be utilising the Swift Aged Care services across over 200 screens.

Swift will also be rolling out services to Allity Aged Care’s 77-room Gosling Creek Community in Orange, New South Wales.

Notably, significant scope for expansion exists across Allity’s Australian network of over 40 facilities.

READ: Swift Networks reveals 167% increase in EBITDA for December half

Swift's CEO Xavier Kris said: “The government’s announcement is a significant milestone in the democratisation of aged care.

“The funding includes $320 million to residential facilities, enabling operators to invest in services that provide residents with choices and a real voice… the ability to be treated as guests, not patients.

“Our platform delivers an easy to use entertainment and two-way communication service as well as custom curated exercise, education, well-being and dementia specific content coupled with the ability to communicate directly with friends and family.

“These services greatly reduce the all too common issue of isolation.”

Berrington Care Group excited to work with Swift

Berrington’s owner and operations director Karen Gillingham said: “As a luxury Aged Care provider, we are accustomed to providing the best services to our residents.

“We are therefore very excited at being able to offer extensive in-room entertainment options to our residents where they will be able to see communications from their families as well as up-to-the minute information on lifestyle activities and important information.

“We are looking forward to this new offering and to what Swift and Berrington can achieve together.”

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Mon, 11 Feb 2019 11:17:00 +1100 https://www.proactiveinvestors.com.au/companies/news/214308/swift-networks-leveraged-to-662-million-aged-care-funding-boost-214308.html
<![CDATA[Media files - Swift Networks 'is at a really exciting stage in its development' ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12087/swift-networks--is-at-a-really-exciting-stage-in-its-development--12087.html Mon, 04 Feb 2019 14:33:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/12087/swift-networks--is-at-a-really-exciting-stage-in-its-development--12087.html <![CDATA[News - Swift Networks reveals 167% increase in EBITDA for December half ]]> https://www.proactiveinvestors.com.au/companies/news/213104/swift-networks-reveals-167-increase-in-ebitda-for-december-half-213104.html Swift Networks Group Ltd (ASX:SW1) has increased its EBITDA by 167% to $2.8 million for the December half according to preliminary unaudited accounts.

The company continues to capitalise on the operating leverage inherent to its business model, delivering substantial profit margin expansion in the half year to December 2018.

The EBITDA margin increased to 22% as a result of the business scaling up with revenues for the half increasing 21% year-on-year to $12.6 million.

READ: Swift Networks grows resources sector presence with multiple contract updates

Swift’s CEO Xavier Kris said: “Swift’s underlying business continues to grow from strength to strength.

“We continue to deliver on our promises to our clients, our staff, our partners and our investors.

“Our commitment is reflected in the performance of the business from both an operational and financial standpoint across our Australian and international target markets, in line with the strategy communicated at the time of listing.

“We are particularly encouraged by the ability to further monetise our deployed assets and generate advertising revenue streams through our acquisition of the Medical Media business.

READ: Swift Networks Group Ltd plans swift media transformation

“We look forward to delivering continued growth in diverse, scalable, recurring earnings both directly and through our partner network in 2019.”

Positive cash flow of $1.6 million adds to cash position

The company provides fully integrated digital entertainment solutions to the resource, hotel, lifestyle village and aged care sectors.

Swift’s sustained revenue and profit growth has translated into positive net operating cash flow of $1.6 million, up 25% compared to the prior June half.

This positive cash flow has facilitated re-investment across the Swift business.

Swift’s cash position (net of bank debt) as at 31 December 2018 was $2.7 million, up 103% year-on-year, with $3 million in undrawn debt facilities providing significant balance sheet flexibility.

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Wed, 23 Jan 2019 09:04:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213104/swift-networks-reveals-167-increase-in-ebitda-for-december-half-213104.html
<![CDATA[News - Swift Networks grows resources sector presence with multiple contract updates ]]> https://www.proactiveinvestors.com.au/companies/news/212913/swift-networks-grows-resources-sector-presence-with-multiple-contract-updates-212913.html Swift Networks Group Ltd (ASX:SW1) has won multiple contract extensions, expansions and new contracts covering several large sites with resources industry clients.

The company provides fully integrated digital entertainment solutions to the resource, hotel, lifestyle village and aged care sectors.

Swift has delivered consistent growth in the resources market vertical over the course of 2018, both through direct contract wins and new clients secured by reseller partners.

The company continues to view resources as an attractive growth opportunity in light of the significant pipeline of new mining exploration, construction and development projects underway throughout Australia.

READ: Swift Networks Group Ltd plans swift media transformation

Contract expansions were with Compass Group, nickel miner Western Areas Ltd (ASX:WSA), and a top tier LNG operator in Western Australia.

The expansion with Compass Group will see an additional 442 rooms added to the initial 800 room contract at the Gateway Village in Port Hedland, Western Australia.

Western Areas have expanded by 68 rooms to 533 rooms at their mine site accommodation village.

The expansion with the LNG operator has added 280 rooms and was achieved through reseller partner DXC.

New contract win through Telstra relationship

Swift’s new client is Voyages Indigenous Tourism Australia and is a 3-year contract to provide in-room digital services to Voyages’ 64-room workforce accommodation facility in Alice Springs.

The contract win came about through Swift’s relationship with Telstra Ltd (ASX:TLS).

Swift and Telstra will jointly design, construct and install network infrastructure to deliver Wi-Fi internet to each room.

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Mon, 21 Jan 2019 10:52:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212913/swift-networks-grows-resources-sector-presence-with-multiple-contract-updates-212913.html
<![CDATA[News - Swift Networks Group Ltd plans swift media transformation ]]> https://www.proactiveinvestors.com.au/companies/news/212690/swift-networks-group-ltd-plans-swift-media-transformation-212690.html Swift Networks Group Ltd (ASX:SW1) investors will have their say on the company’s evolution as a media company at an upcoming general meeting, voting on a name change and the planned acquisition of Medical Media Group.

The company based in Perth’s Technology Park hopes shareholders will back its move to change its name to Swift Media Limited.

READ: Swift Networks’ strategic acquisition highlights both growth and takeover potential, says Hartleys research

Swift will ask shareholders to back both the name change and acquisition at a general meeting at its Watts Place offices near Curtin University in Bentley on February 12, 2019.

Last month, Swift unveiled its plan to acquire out-of-home advertising specialist Medical Media.

The acquisition target operates more than 2,300 digital screens in Australia, delivering content and advertising to more than 5 million viewers each month.

A Swift acquisition of the media company could give the group entry into a high-growth industry vertical at scale to its existing offerings and accelerate the development of the Western Australian company’s emerging advertising business.

Swift has estimated a merger of the two companies could result in cost savings of about $3 million a year.

READ: Swift Networks to acquire Medical Media screen advertising business

Swift chief executive officer Xavier Kris told Proactive Investors Medical Media’s business was similar and complementary to the group’s business.

Kris said, “We provide, effectively, advertisers access to consumers who are hard to reach — from a technology standpoint, from a content standpoint, and from an advertising standpoint — because they’re in these captivated, rather than captured, environments.

“When we looked at Medical Media, they have the opportunity to go from simply providing the service within medical practices to providing it in veterinary practices, within dentists, within the other closed-loop environments where there is that high dwell time.”

The opportunity for potential expansion to Medical Media’s audiences is an opportunity Swift is familiar with after the company that listed on the ASX in June 2016 expanded from its original offering of content to audiences at mine sites.

Swift is now delivering content to audiences in other so-called captivated environments such as aged care facilities, hotels and oil rigs.

READ: Swift Networks wins contract to deliver entertainment and connectivity services to mining project

Kris told Proactive, “They are environments that have high dwell times, where people are drawn to use the technology or drawn to the screen, and (we) provide them with engaging technology and content, and of course, get the advertisers access to those individuals.”

Swift serves up TV and movie content in these captivated environments and has content deals with major Hollywood studios.

The group has a number of exclusive deals to deliver its content in captivated environments.

READ: Swift Networks signs exclusive deal with Hoyts to provide eSports content in Australia

Among those deals is a December 2018 arrangement with cinema giant Hoyts.

Swift will provide eSports content to the cinema chain, to be broadcast to cinema audiences on the big screen.

Hoyts and Swift signed a three-year agreement and will share revenues from ticket sales.

Each party can choose to extend their arrangement for another three years.

The agreement came after Swift inked a content licence and distribution agreement with US-based eSports company Real Big Hits in September 2018, giving Swift live broadcast rights to popular eSports content.

Swift will also provide entertainment and connectivity services to a large construction camp in Western Australia’s Pilbara region.

The 780-room construction camp is for a multi-billion dollar mining project for a Tier 1 miner.

The group expects the contract to provide a material boost contract to its revenue base.

READ: Swift Networks expands presence in the aged care sector

Also last month, Swift signed a contract with leading aged care provider Infinite Care to provide its services to the group’s newest facilities in Queensland.

Early in 2019 Swift will begin providing its aged care-specific package to 350 rooms across multiple sites, including Infinite’s state-of-the-art facility in Mt Lofty, Toowoomba, due to open to residents in a week.

Swift will later deliver the content package to a future facility at Cornubia, southeast of Brisbane, also expected to open early this year.

Earnings and milestones

Brokers and Swift investors have both responded to the potential transaction with Medical Media by looking at underlying revenue in the business.

Kris said, “The underlying Swift business continues to grow from strength to strength.

The managing director noted Swift had continued to experience a strong first-half to the 2018-19 financial year.

Kris said, “Swift has delivered on each and every promise it has made to its stakeholders whether it be staff, clients, or investors since the day it has listed (in 2016).

“Those promises and commitments have been reflected in the performance of the business from both an operational and financial standpoint.

“We have a business that has had a 900% increase in sites since listing. And it is a business that has had an over a $4 million dollar EBITDA turnaround and 458% gross margin increase.

“That can only come about if a business understands where it’s going.”

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Wed, 16 Jan 2019 16:25:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212690/swift-networks-group-ltd-plans-swift-media-transformation-212690.html
<![CDATA[News - Swift Networks’ strategic acquisition highlights growth and takeover potential, finds Hartleys research ]]> https://www.proactiveinvestors.com.au/companies/news/211821/swift-networks-strategic-acquisition-highlights-growth-and-takeover-potential-finds-hartleys-research-211821.html Swift Networks Group Ltd (ASX:SW1) has made a good strategic move in its December acquisition of Medical Media, according to a report from Hartleys.

The report also notes that Swift is an attractive takeover target for a larger company focusing on similar sectors and clients and that Swift has substantial potential to grow itself through further acquisitions.

Hartleys’ new valuation of Swift at 52 cents per share includes the Medical Media acquisition and retains a speculative buy recommendation.

READ: Swift Networks to acquire Medical Media screen advertising business

The following is an extract from the report:

Monetising platform through advertising​

Medical Media sells advertising in GP medical centres and has captured 25% of the target market of GP practises with two GPs or more.

Medical Media’s business, team, and technology fits well with Swift’s move into monetising its platform/footprint through advertising.

The company has indicated that the initial payment and issuance of future performance shares imply a multiple not more than six times earnings.

Swift’s share price continues to be weak despite no negative news.

[At the company’s AGM] the board reiterated that the company continues to perform as expected and they are not aware of any operational issues that would explain the recent share price weakness.

They continue to sign contracts across a number of verticals (resources, aged care, hospitality and defence and marine), remain happy with the performance of reseller agreements, are excited about the move into advertising, continue to launch innovative product and service offerings for existing customers and to target new markets.

Retain buy recommendation​

We view the Medical Media acquisition as a good strategic move given Swift’s growing focus on pursuing the monetisation of its media/advertising potential.

Based on our new forecasts including the Medical Media business we continue to view fair value at 52 cents per share.

We retain our speculative buy recommendation with strong reported results in financial year 2019, upside from the Medical Media acquisition, the continued delivery of rooms from the reseller agreements and the launch of advertising the likely key news flow in the coming year.

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Wed, 02 Jan 2019 00:51:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211821/swift-networks-strategic-acquisition-highlights-growth-and-takeover-potential-finds-hartleys-research-211821.html
<![CDATA[News - Swift Networks to acquire Medical Media screen advertising business ]]> https://www.proactiveinvestors.com.au/companies/news/211617/swift-networks-to-acquire-medical-media-screen-advertising-business-211617.html Swift Networks Group Ltd (ASX:SW1) has agreed to acquire Medical Media, a leading Australian digital-out-of-home media network, for an initial $4.5 million worth of shares.

Medical Media operates more than 2,300 digital screens across Australia which deliver content and advertising to more than 5 million viewers every month.

The acquisition provides Swift group with entry into a new, high-growth industry that is vertical at scale and accelerates the development of its emerging advertising business.

Notably, the integration of the two companies is projected to unlock cost synergies of about $3 million a year.

Swift chief executive officer Xavier Kris told Proactive Investors Medical Media’s business was similar and complementary to the group’s business.

Kris, the company’s upcoming interim executive chairman, said today, “Medical Media is an organisation like Swift that’s focused on providing content and advertising to closed-loop environments.

“It’s perfectly in that sweet spot between traditional broadcasting and traditional out-of-home (media consumption).”

Medial Media’s viewer base can include patients watching screens in a medical centre waiting room, making its approach similar to Swift’s — catch audiences while they are in contained places with few other media consumption options.

Kris highlighted the similarities of the companies’ approach, saying “We provide advertisers access to consumers who are hard to reach from a technology standpoint, from a content standpoint and from an advertising standpoint, because they’re in these captivated — rather than captured — environments.”

Like the waiting rooms of a GP super clinic, Swift’s audiences are in discrete places where they’re ready, willing and able to consume media.

Kris said, “These (are) captivated environments, whether that be an aged care facility, a hotel, an oil rig, a mine site, a medical practice.

“They are environments that have high dwell times, where people are drawn to use the technology or drawn to the screen, and (we) provide them with engaging technology and content, and of course get the advertisers access to those individuals.”

A selection of Medical Media's clients

READ: Swift Networks wins contract to deliver entertainment and connectivity services to mining project

Swift’s CEO Kris reported this morning: “I am delighted to welcome Medical Media to the Swift Networks Group.

“This acquisition builds on the strength and continued growth of the underlying Swift business.

“Medical Media is a clear leader in the digital-out-of-home advertising sector which has carved out a strong, defensible market position in medical practices nationally.

The majority of screens are in medical centres

“This accretive transaction accelerates Swift’s strategic plan to broaden our capabilities, acquire new audiences and monetise our expanding footprint to generate revenue through targeted advertising.

“I thank our investors and banking partners for their support of this transaction and look forward to delivering material revenue and cost synergies as we execute our exciting growth plans for the combined, integrated group.”

Investors responded positively with shares up almost 14% to 30 cents in early trade.

Transaction to complete mid-February

The transaction’s completion is expected about 15 February 2019, subject to shareholder approval and other standard conditions precedent.

The $4.5 million share-based payment will be at an issue price of 30.1 cents.

An additional $20.5 million is payable in performance shares subject to achieving advertising revenue targets.

Acquisition brings about board changes

In conjunction with the transaction, Swift has appointed Darren Smorgon as a non-executive director of its board.

Smorgon is managing director of Sandbar Investments, a Sydney-based family office and was a former director and partner of CHAMP Private Equity.

Non-executive chairman Carl Clump will step down from the board after the completion of the acquisition, with Kris to become executive chairman on an interim basis while a replacement is sought.

— with Amanda Ellis

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Fri, 21 Dec 2018 10:59:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211617/swift-networks-to-acquire-medical-media-screen-advertising-business-211617.html
<![CDATA[News - Swift Networks wins contract to deliver entertainment and connectivity services to mining project ]]> https://www.proactiveinvestors.com.au/companies/news/211347/swift-networks-wins-contract-to-deliver-entertainment-and-connectivity-services-to-mining-project-211347.html Swift Networks Group Ltd (ASX:SW1) has won a material new contract to provide its award-winning suite of entertainment and connectivity services to a large construction camp in Western Australia’s remote Pilbara region.

Swift will engage with Pindan Group Pty Ltd, a fully integrated nationwide construction and property development group, to provide its services to a large tier-1 mining company end-client.

READ: Swift Networks expands presence in the aged care sector

Pindan has been contracted to build a 780-room construction camp in the Pilbara for a recently-approved multi-billion dollar mining project.

Swift’s contract with Pindan will cover the design and construction of network infrastructure, TV headend and the supply of media technology for information and content delivery.

Swift chief executive officer Xavier Kris said: “We are thrilled to extend our partnership with Pindan, a leader in property and construction, to deliver content and connectivity to a globally significant mining company.

“This new project reiterates the ‘best-in-class’ status of Swift’s telco and media solutions in the resources market.

“With construction at the camp set to begin next year, we expect the project to contribute materially to Swift’s revenue in FY19 and are hopeful of an ongoing services contract to follow.”

READ: Swift Networks signs exclusive deal with Hoyts to provide eSports content in Australia

Earlier this month, the company signed an exclusive deal to provide eSports content to Hoyts throughout Australia.

The agreement follows Swift’s recent content licence and distribution agreement with US-based eSports company Real Big Hits, which gives Swift live broadcast rights to sought-after eSports content.

The deal with Hoyts defines a shared model of revenue from all ticket sales and has an initial three-year term, with the parties holding an option to extend the contract for a further three.

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Tue, 18 Dec 2018 08:10:00 +1100 https://www.proactiveinvestors.com.au/companies/news/211347/swift-networks-wins-contract-to-deliver-entertainment-and-connectivity-services-to-mining-project-211347.html
<![CDATA[News - Swift Networks signs exclusive deal with Hoyts to provide eSports content in Australia ]]> https://www.proactiveinvestors.com.au/companies/news/210737/swift-networks-signs-exclusive-deal-with-hoyts-to-provide-esports-content-in-australia-210737.html Swift Networks Group Ltd (ASX:SW1) has signed an exclusive deal to provide eSports content to Hoyts throughout Australia.

The agreement follows Swift’s recent content licence and distribution agreement with US-based eSports company Real Big Hits, which gives Swift live broadcast rights to sought-after eSports content.

The deal with Hoyts defines a shared model of revenue from all ticket sales and has an initial three-year term, with the parties holding an option to extend the contract for a further three.

READ: Swift Networks expands presence in aged care sector

Swift chief executive officer Xavier Kris said: “Signing this deal with Hoyts on the back of securing our eSports content licence and distribution agreement with Real Big Hits demonstrates the strong interest in the growing eSports market.

“Hoyts is a clear leader in the cinema distribution industry and through this partnership we are excited to reach new audiences as we help Hoyts to execute its eSports growth ambitions.”

READ: Swift Networks secures exclusive content agreement with US-based Real Big Hits

Hoyts is one of the world’s leading entertainment corporations, owning and operating more than 50 cinemas with over 430 screens across Australia and New Zealand.

It recently established a dedicated eSports division, through which it plans to stream weekly eSports events across Australian cinemas, as part of a $300-million capital investment.

Hoyts eSports general manager Scott Russell said: “Hoyts recognises that eSports is a rapidly growing market and we want to be at the forefront of providing this exciting content to our customers.

“Securing this exclusive in-cinema deal with Swift will allow us to stream some of the most popular eSports such as Fortnite and League of Legends across our network of Australian cinema outlets.

“In doing so, [we will] support Hoyts’ drive to become the standout destination for eSports fans to enjoy top class action all year round.”

Young and rapidly growing audience

eSports is multiplayer video games played competitively for spectators and according to Goldman Sachs has a monthly global audience of about 167 million people.

This audience is expected to grow by 65% over the next four years to 276 million viewers and has one of the fastest growing fan bases in professional sports, with an audience size already rivalling that of major league baseball in the United States.

eSports fans are typically young with 79% of viewers under the age of 35.

Asia is home to the fastest growing audience, where viewers typically watch eSports events on platforms such as YouTube and Twitch.

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Thu, 06 Dec 2018 23:34:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210737/swift-networks-signs-exclusive-deal-with-hoyts-to-provide-esports-content-in-australia-210737.html
<![CDATA[News - Swift Networks expands presence in the aged care sector ]]> https://www.proactiveinvestors.com.au/companies/news/210525/swift-networks-expands-presence-in-the-aged-care-sector-210525.html Swift Networks Group Ltd (ASX:SW1) has signed a contract with leading aged care provider, Infinite Care, to provide its services to the group’s newest facilities in Queensland.

The company provides fully integrated digital entertainment solutions to sectors including resources, hotel, lifestyle village and aged care.

The initial three-year contract will see Swift provide its aged care-specific package to 350 rooms in early 2019 across multiple sites.

Sites include Infinite Care’s state of the art facility in Mt Lofty, Toowoomba, which opens to residents next month, and its facility at Cornubia, south-east of Brisbane, which is due to open in early 2019.

Swift aims to grow alongside Infinite Care as a preferred partner

In addition to these Queensland sites, Infinite Care operates five existing facilities in South Australia, totalling 400 rooms.

The group aims to grow to 2,500 rooms by 2021 through greenfield development, expansion of existing facilities and targeted acquisitions in South Australia, New South Wales, Victoria and Western Australia.

As its preferred partner, Swift is currently working alongside Infinite Care to assess the feasibility of providing its services across these venues.

READ: Swift Networks secures exclusive content agreement with US-based Real Big Hits

Swift’s CEO Xavier Kris said: “Aged care is a rapidly growing and in-demand market, and Swift is delighted to form a partnership with Infinite Care at a time when Infinite and Swift are both accelerating expansion plans.

“Having Swift’s package included as part of Infinite Care’s new facilities at Toowoomba and Cornubia will add to the quality of life of new residents and we look forward to rolling out our services to more Infinite Care sites in lock step with their growth strategy.”

Infinite Care’s managing director Chris Stride said: “We’re excited at being able to offer extensive in-room entertainment options to our residents.

“We perceive Swift’s ability to provide increased connectedness for residents, to their family and the wider extended community as a key driver in our decision to select them for our new greenfield sites.”

Swift charges a fixed monthly fee

Swift provides digital content such as entertainment systems to its clients which are often remotely located.

The company charges its clients a fixed fee per room per month for the content they provide and the client then sells that to its guests or employees.

Swift’s services include free-to-air television, pay television, telecommunications, video on demand with content from some of Hollywood’s largest studios, integrated advertising and analytics.

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Wed, 05 Dec 2018 08:50:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210525/swift-networks-expands-presence-in-the-aged-care-sector-210525.html
<![CDATA[News - Swift Networks secures exclusive content agreement with US-based Real Big Hits ]]> https://www.proactiveinvestors.com.au/companies/news/205834/swift-networks-secures-exclusive-content-agreement-with-us-based-real-big-hits-205834.html Swift Networks Group Ltd (ASX:SW1) has secured a content licence and distribution agreement with New York-based eSports media company Real Big Hits.

The agreement provides Swift the exclusive rights to distribute eSports content in Australia, New Zealand and the international maritime sector.

Swift will also have the rights to resell the content to other broadcasters including mobile operators, around the world.

‘Fast-growing and truly global appeal’

Swift chief executive officer Xavier Kris said the company was excited to provide premium on-demand eSports content on an exclusive basis to its customers in Australia and internationally.

Kris said: “Televised eSports have a fast-growing and truly-global appeal.

“We expect that his media offering will be extremely attractive to many of our customers who can now offer live and on-demand eSports to their young and digitally savvy end-users.

“Swift has built an enviable library of exclusive high-quality content, which is now even stronger with the addition of this best-in-class eSports offering.”

Live broadcast distribution rights

The agreement provides Swift distribution rights to ESR, the 24/7 eSports channel, and on-demand eSports content, including the popular videogame Fortnite and action-strategy game League of Legends.

Swift will also have exclusive Australian rights to distribute live broadcasts of eSports tournaments including the Rocket League Championship Series, Pro Evolution Soccer, DOTA2 and EA Sports’ FIFA International Cup.

READ: Swift Networks will connect with 1,336 more rooms in the resources sector

Real Big Hits chief executive officer Wendy Wang said the company was excited to partner with Swift Networks to distribute its programming to Australia and New Zealand hotels and other markets worldwide.

She said: “With hundreds of millions of eSports fans worldwide and double-digit growth year-over-year, there is a huge appetite for a wide variety of eSports programming.

“The ESR 24/7 eSports channel was born to deliver the entire range of eSports content, including documentaries, talk shows, comedies, and tournaments, including the biggest games and names in eSports.”

Audience growth of 13%

According to industry research firm Newzoo, the global eSports audience has grown 13% in 2018 to 380 million fans.

These fans are relatively young and affluent, with 65% aged 18-24 and 43% earning more than US$75,000 per year.

Females comprise a substantial segment of the fanbase, making up 38%, and overall fans are overwhelmingly passionate about electronic gaming with 49% of enthusiasts spending most of their free time around eSports.

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Thu, 27 Sep 2018 03:20:00 +1000 https://www.proactiveinvestors.com.au/companies/news/205834/swift-networks-secures-exclusive-content-agreement-with-us-based-real-big-hits-205834.html
<![CDATA[News - Swift Networks will connect with 1,336 more rooms in the resources sector ]]> https://www.proactiveinvestors.com.au/companies/news/201101/swift-networks-will-connect-with-1336-more-rooms-in-the-resources-sector-201101.html Swift Networks Group Ltd (ASX:SW1) will provide entertainment and connectivity services to a further 1,336 rooms in resources sector camps after winning multi-year contracts with new and existing clients.

Contracts have been won with Ausco, NT Link, AngloGold Ashanti Limited (ASX:AGG), Iluka Resources Limited (ASX:ILU) and Tronox Ltd (NYSE:TROX) (FRA:TX9).

The contracts for mining, gas and modular building sites will expand the reach of the company’s content solutions, with its coverage already reaching 65,000 rooms at more than 335 sites.

READ: Swift Networks awarded contract by seniors lifestyle and care provider with over 8000 clients

Swift Chief Executive Officer Xavier Kris said: “These new contracts showcase the best-in-class nature of the Swift solution in the resources market.

“Signing these new and expanded contracts with existing customers and partners demonstrates that the Swift solution meets and exceeds market expectations time and time again.”

New and repeat business

Repeat client NT Link commissioned Swift to provide services to four 140-room camps at the Northern Gas Pipeline project in the Northern Territory.

Swift will also install infrastructure at two camps at the Cataby settlement in Western Australia, about 170 kilometres north of Perth.

The Cataby camp agreements, for providing services to new client Iluka and second-timer Tronox, will extend over multiple years.

Swift’s AngloGold agreement is a renewal, extending a contract for servicing 660 rooms for another year, and adding 16 more rooms to the deal.

Loyal client Ausco also signed up Swift for another project, asking the telco and content provider to refit a 200-room fly camp to the standard of a nearby 500-room Amrun Village construction camp.

Rio Tinto plc’s (LON:RIO) Amrun bauxite project on Queensland’s Cape York Peninsula has a number of stages set to its expansion plan.

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Thu, 19 Jul 2018 00:23:00 +1000 https://www.proactiveinvestors.com.au/companies/news/201101/swift-networks-will-connect-with-1336-more-rooms-in-the-resources-sector-201101.html
<![CDATA[News - Swift Networks awarded contract by seniors lifestyle and care provider with over 8000 clients ]]> https://www.proactiveinvestors.com.au/companies/news/194093/swift-networks-awarded-contract-by-seniors-lifestyle-and-care-provider-with-over-8000-clients-194093.html Swift Networks Group Ltd (ASX:SW1) has extended its reach in the retirement lifestyle sector with the award of a three-year contract by Illawarra Retirement Trust (IRT).

Swift sources multi-lingual global content and curates, packages and distributes it to clients’ guests through its cloud-based platform.

The company’s services include free-to-air television, pay television, telecommunications, internet, data, wireless networks and streaming video on demand.

IRT has more than 8000 clients

IRT is one of Australia’s largest community-owned seniors’ lifestyle and care providers with more than 8,000 clients.

Of these, about 3,000 reside in lifestyle communities, 3,000 are assisted in care centres and 2,500 receive home care

Under the agreement, Swift will be the exclusive provider of digital entertainment services to the group’s new lifestyle community facilities for a period of three years.

Services provider to existing facilities

A rollout of the services will begin immediately with deployment to a 75-apartment facility to start in the coming weeks.

The agreement also sees Swift become the preferred provider of its services to existing IRT Lifestyle Communities.

IRT operates more than 30 existing lifestyle facilities, providing the potential for substantial ongoing opportunities from the agreement.

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Tue, 03 Apr 2018 09:19:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194093/swift-networks-awarded-contract-by-seniors-lifestyle-and-care-provider-with-over-8000-clients-194093.html
<![CDATA[News - Swift Networks Group gets ready to pounce ]]> https://www.proactiveinvestors.com.au/companies/news/180256/swift-networks-group-gets-ready-to-pounce-180256.html Swift Networks Group Ltd (ASX:SW1) has been granted a trading halt by the ASX, pending details of an acquisition.

The halt will remain in place until the opening of trade on Thursday 6th July 2017, or earlier if an announcement is made to the market.

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Tue, 04 Jul 2017 10:30:00 +1000 https://www.proactiveinvestors.com.au/companies/news/180256/swift-networks-group-gets-ready-to-pounce-180256.html
<![CDATA[News - Swift Networks Group raising $2M to fund two new acquisitions ]]> https://www.proactiveinvestors.com.au/companies/news/168660/swift-networks-group-raising-2m-to-fund-two-new-acquisitions-168660.html The proceeds from the placement will fund the acquisitions of Web2TV and Living Networks, provide working capital and further strengthen the company’s balance sheet.

Web2TV and Living Networks are two profitable, established providers of entertainment and telecommunication services to aged care facilities and lifestyle villages.

The total upfront consideration for the acquisitions is $625,000 in cash and $100,000 in escrowed Swift shares.

Milestone payments totalling $1 million in cash and $1 million in Swift shares will be payable following the achievement of $7.1 million in new annualised revenue.

Swift Networks is focused on providing entertainment and connectivity solutions to the resources and hospitality sectors, particularly in remote locations.

The acquisitions leverage Swift’s existing infrastructure, fast-tracks subscriber growth and expands the company’s presence in the aged care and retirement lifestyle village sectors.

Importantly, the transaction increases Swift’s presence in New South Wales and Victoria in line with the company’s expansion plans.

Swift already has 29,000 room installations with 93% of its FY16 revenue of $14.42 million recurring in nature.

The company’s footprint is expected to increase to circa 40,000 room subscriptions post-acquisition.

With Web2TV and Living Networks’ combined FY16 recurring revenue (unaudited) of $1.5 million, Swift intends to utilise any future operational cash flow to fund the performance milestone cash payments.

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Tue, 08 Nov 2016 15:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/168660/swift-networks-group-raising-2m-to-fund-two-new-acquisitions-168660.html
<![CDATA[News - Swift Networks Group to reveal acquisition ]]> https://www.proactiveinvestors.com.au/companies/news/168515/swift-networks-group-to-reveal-acquisition-168515.html The halt will remain in place until the opening of trade on Friday 4th November 2016, or earlier if an announcement is made to the market.

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Fri, 04 Nov 2016 10:30:00 +1100 https://www.proactiveinvestors.com.au/companies/news/168515/swift-networks-group-to-reveal-acquisition-168515.html
<![CDATA[News - Swift Networks Group Ltd wins multi-year contract with Compass Group ]]> https://www.proactiveinvestors.com.au/companies/news/165784/swift-networks-group-ltd-wins-multi-year-contract-with-compass-group-70943.html Swift Networks Group Ltd (ASX:SW1) has added a major client to its list by winning a contract to deploy its telecommunication services to Gateway Village in Port Hedland.

Gateway Village is owned by Compass Group and provides en-suit accommodation and executive chalets for up to 1,200 guests.

The multi-year contract is to provide a range of upgrades and ongoing telecommunication services to 800 rooms at Gateway Village.

These services include the provision of Wi-Fi and internet services to the 800 rooms together with a 36 month support and services agreement.

The rooms at Gateway Village are primarily used by workers at Hancock Prospecting’s Roy Hill project.

Swift Networks started trading on the ASX from 1 June 2016 after the reverse takeover of Stanfield Funds Management Ltd and closing a $4 million capital raising.

The company is focused on providing entertainment and connectivity solutions to the resources sector, particularly in remote locations.

Swift’s revenue from continuing operations increased to record levels in FY2016, rising 17.8% to $14.42 million, compared to FY2015.

The company has more than 29,000 room installations, with 93% of revenue recurring in nature.

Importantly, Swift has a contract retention rate of 97% with customers and partners including Telstra, BHP Billiton, Foxtel and Optus.

The cash balance of the company as at 30 June 2016 was $3.2 million.

Swift’s share price has increased by about 30% during the last six months.

 

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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Fri, 09 Sep 2016 10:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/165784/swift-networks-group-ltd-wins-multi-year-contract-with-compass-group-70943.html
<![CDATA[News - Swift Networks Group Ltd to offer digital content for hotels, resorts ]]> https://www.proactiveinvestors.com.au/companies/news/146037/swift-networks-group-ltd-to-offer-digital-content-for-hotels-resorts-69087.html Newly listed Swift Networks Group Ltd (ASX:SW1) will deploy its cloud based digital content delivery service to Freedom Internet Australia’s hotel and resort clients across Australia and New Zealand.

Swift Networks started trading on the ASX from 1 June 2016 after the reverse takeover of Stanfield Funds Management Ltd and closing a $4 million capital raising.

The agreement with Freedom is part of Swift Networks’ decisive push into the hospitality sector, building on the success of its Australian Hotels Association WA’s “Best New Hospitality Product 2016” award in May 2016.

Freedom Internet will resell Swift Networks’ services to 19,000 rooms or more over the term of the three year agreement.

The Swift Networks system will enable Freedom Internet to provide a full turnkey entertainment solution to their hotel client base including pay TV, free to air TV and movies on demand.

Swift Networks recorded FY2015 revenues of $12.24 million with a subscriber growth of 35% from December 2014 to December 2015.

To match this, the share price has kicked 33%.

 

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, 08 Jun 2016 10:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/146037/swift-networks-group-ltd-to-offer-digital-content-for-hotels-resorts-69087.html
<![CDATA[News - Stanfield Funds Management investee company Sprooki signals Vietnamese market entry ]]> https://www.proactiveinvestors.com.au/companies/news/146036/stanfield-funds-management-investee-company-sprooki-signals-vietnamese-market-entry-63806.html Investment advisory company, Stanfield Funds Management's (ASX:SFN) initial $300,000 investment in mobile commerce company Sprooki could pay off as the latter has appointed a reseller of Sprooki's mobile engagement platform in Vietnam.

Stanfield inked an agreement to acquire 100% of the Singapore based B2B Sprooki in July 2015.

Sprooki is entering agreements with retail brands and large shopping malls in Asia, providing them with a means to gain more customers through its location based mobile engagement platform.

Sprooki said it has attracted 3,500 retail stores across 70 mall locations in Asia since inception in 2013.

Retail & Franchise Asia will resell Sprooki's offering in Vietnam on a non exclusive basis.

RFA clients in Vietnam include Gloria Jean’s Coffee International, BreadTalk and Carl’s Jr.

According to Vietnam E-Commerce and Information Technology, revenue generated by e-commerce is tipped to grow from $700 million in 2012 to $4 billion in 2015.

More than a third of the population of Vietnam are now using smartphones and mobile assisted transactions are growing at an strong clip having doubled between 2013 and 2014, from 6% to 13%.


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 11:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/146036/stanfield-funds-management-investee-company-sprooki-signals-vietnamese-market-entry-63806.html
<![CDATA[News - Stanfield Funds has acquisition on the cards ]]> https://www.proactiveinvestors.com.au/companies/news/146035/stanfield-funds-has-acquisition-on-the-cards-63556.html Stanfield Funds (ASX:SFN) has been granted a trading halt by the ASX this morning pending details of an acquisition.

The company recently completed a recapitalisation and board restructure, and is now focussed on investing directly in the Asian technology and service industries.

In May this year, Stanfield revealed an initial investment in Sprooki Pte Ltd, a B2B location-based mobile engagement platform.

The halt will remain in place until the opening of trade on Thursday 23rd 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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Tue, 21 Jul 2015 12:00:00 +1000 https://www.proactiveinvestors.com.au/companies/news/146035/stanfield-funds-has-acquisition-on-the-cards-63556.html
<![CDATA[News - Stanfield Funds Management to acquire Asian ticketing and payment processer ]]> https://www.proactiveinvestors.com.au/companies/news/146034/stanfield-funds-management-to-acquire-asian-ticketing-and-payment-processer-54104.html Stanfield Funds Management (ASX: SFN) has agreed to acquire regional Asian ticketing and payment processer Easybookings for $30,000 cash, 625,000 Stanfield shares and 625,000 Stanfield options.
   
Easybookings has been providing on-line ticketing and payment services to the Australian market for around two years and has established a presence as an efficient tool for community based organisations to run events.

Its customers include schools, sporting bodies, corporate & charitable fund raisers and arts & cultural organisations.

This acquisition expands the company’s focus on Asian regional businesses which will be developed based in the experience obtained in the local market.

The options mature in 12 months with an exercise price of $0.60.

Stanfield intends to fund the ongoing development of Easybookings and an announcement regarding capital raising initiatives will be made shortly.

 

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, 03 Apr 2014 18:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/146034/stanfield-funds-management-to-acquire-asian-ticketing-and-payment-processer-54104.html
<![CDATA[News - Stanfield Funds Management partners with health group for Asian expansion ]]> https://www.proactiveinvestors.com.au/companies/news/146033/stanfield-funds-management-partners-with-health-group-for-asian-expansion-53429.html Stanfield Funds Management (ASX: SFN) has revealed a new initiative and business relationship with a prominent Allied Health Care franchise.

Stanfield has reached an agreement to provide services as an independent consultant and corporate advisor to facilitate the expansion of the franchises, with a particular focus on the Asian market.

Earlier in the month the company established a new joint venture in Hong Kong, which is the first investment which Stanfield has made through its new Hong Kong branch office.

The joint venture has been incorporated in Hong Kong as Stanfield Enterprise Asia Limited, and will lease plant and equipment.

Skyline Entertainment Holding Limited will invest a further $250,000 before the end of this month as working capital into Stanfield to support the joint venture.

Stanfield is an interesting little investment vehicle, with very few shares on issue; trading at $0.40 and capitalised below $2 million.

It has offices in Melbourne and now Hong Kong, invests in listed and unlisted companies and provides corporate advisory services.

 

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, 06 Mar 2014 10:20:00 +1100 https://www.proactiveinvestors.com.au/companies/news/146033/stanfield-funds-management-partners-with-health-group-for-asian-expansion-53429.html