HotCopper launches free Android app to Google Play
In response to market demand, HotCopper have released a free Android version of its mobile app.
HotCopper Holdings Limited (ASX:HOT) (HotCopper or the Company) is pleased to inform the market of the release of its Android app, offering Android mobile device users an enhanced experience when accessing HotCopper services on their mobile, on the go.
The free app is available now on the Google Play store for installation and set-up within seconds, providing users with mobile access HotCopper services, share market information, analytics and commentary.
The Android mobile market is significant, with Android device sales accounting for 46% of the Australian mobile vendor market share in Australia in June 2018 according to the StatCounter Global Stats website.
Following the IOS app launch in 2017, the provision of a dedicated app service to users of Android phones ensures that all HotCopper users have the ability to access to HotCopper on their mobile device.
General Manager, Adam Webb Ware said “Australian investors want their information fast and mobile, often with video delivery. The growth of our Apple mobile app and now the Android app delivers great value to Australians - providing them a reliable mobile platform for investors to be able to access market news and opinion anywhere, anytime, on any device. The introduction of the Android version ensures this is available to every mobile user, not just for Apple users.”
Quarterly Activities Report – March 2018
The Directors of HotCopper Holdings Limited (ASX:HOT) (HotCopper or the Company) are pleased to report its activities for the three months ending March 2018.
HotCopper continues its growth track record since listing, achieving profitable revenue growth from its two main customer revenue streams, investor relations and shareholder engagement offerings to listed Corporates and those seeking listing, and consumer digital advertising.
Receipts from customers totalled $1.61 million for the quarter, up 6% from the previous quarter and 43% higher than the same quarter last year.
The Corporate Spotlight service, a cornerstone HotCopper investor relations service for listed Corporates, reached 85 total subscriptions, up from 63 at 31 December 2017.
Corporate Spotlight is a subscription-based investor relations platform for ASX listed companies looking to reach their most engaged investors. It offers dedicated on-line “real estate” above discussions on the HotCopper site for companies to put forward their investment case to investors researching their stock.
The Company anticipates this momentum to continue throughout 2018, with additional revenue generated through the Company’s partnerships and advertising.
Site Improvement and Growth
HotCopper continues work on improving its website user experience through improved functionality, navigation, operational efficiency and speed and user engagement features.
The site redesign to enhance both the look and function of the site and encourage new members to join is progressing well and is expected to be implemented in the middle of the year.
Once the site redesign is implemented we expect this to enable growth of advertising revenue through improved placement and design of advertising opportunities on the site and by enabling us to attract a higher value and quality of advertiser.
We are pleased to see user numbers remain strong and steady, reaching a high of 733,905* unique visitors in a single month during the quarter.
Commenting on the quarter, HotCopper CEO, Ben Newport, said, “Our revenue performance continues to improve while maintaining a low-cost operating profile, delivering another solid quarter’s performance for HotCopper. Our team is working hard on the growth strategy we laid out in the July 2016 Prospectus and we are excited by the progress made on the site redesign. This will improve the user experience and value HotCopper provides to its site members, as well as strengthen our ability to deliver on the commercial strategy to shareholders.”
Alec Pismiris Non-Executive Chairman
Alec has over 30 years’ experience in the securities, finance and mining industries, having served as a director and company secretary of various ASX listed companies as well as many unlisted public and private companies. Mr Pismiris holds a Bachelor of Commerce degree from the University of Western Australia, is a member of the Australian Institute of Company Directors and is an associate of the Institute of Chartered Secretaries and Administrators.
Colin Chenu Non-Executive Director
Colin has 30 years’ experience in private legal practice, during which he has advised and represented clients on a diverse range of legal areas in both litigious and non-litigious work, including corporations, trade practices, contracts, equity and trusts. He has extensive experience in defamation law and reputational torts and was recommended in Doyles’ List of Leading Commercial Litigation and Dispute Resolution Lawyers in 2016. Colin is currently a director and part owner of prominent Perth-based corporate and commercial law practice, Bennett + Co.
Gavin Argyle Non-Executive Director
Gavin is an experienced senior executive, with over 30 years’ experience in Australian capital markets. In 2006 he co-founded Capital Investment Partners, a Perth-based investment bank providing capital raising and corporate advisory services to small and mid-capitalised ASX-listed companies. He has been Managing Director of Capital Investment Partners since 2008. Gavin holds a Bachelor of Commerce from the University of Western Australia and a Masters of Business Administration from The Wharton School at the University of Pennsylvania.
Adam Webb Ware Company Secretary
Mr Webb Ware is a Chartered Accountant with over 20 years’ experience in corporate finance, financial services and information and technology and holds a Bachelor of Commerce from the University of Western Australia.
The Product - A targeted investor relations channel
Corporate Spotlight is a subscription-based investor-relations platform for ASX-listed companies looking to reach their most engaged investors. It offers dedicated ‘real-estate’ above discussion on the HotCopper site for companies to put forward their investment case to investors researching their stock.
The Engagement Rationale - Investors have moved online
Australians are increasingly applying a 'do-it-yourself' approach to investing, with 58% of retail investors trading through online brokers such as CommSec or E*Trade, and a growing number of SMSFs (577,000+) managing over $620 billion in assets. A large portion of these investors use HotCopper when researching and making investment decisions, and Corporate Spotlight will allow companies to reach the investors who are most interested in their investment proposition.
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