1H FY18 Results
During the half-year HotCopper announced growth across several key metrics, including membership and site engagement. In November 2017, the site’s member base reached 300,000, up 21% on the Company’s listing date. In addition, hotcopper.com.au reached an all-time high of 730,000 unique visitors per month, and showed positive improvements in site engagement measures including sessions and session duration. Ultimately, these metrics strengthen the site’s revenue base.
Corporate Spotlight Sales
As at the 31st of December 2017, the total number of ASX-listed companies signed up to Corporate Spotlight was 55, representing sales of over $580,000. 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.
Release of iOS App
During the half-year, the Company released its iPhone app to the iTunes Store. The app is designed to provide an enhanced user experience for the significant number of HotCopper members that access the site from an iOS device. HotCopper entered into a material, 12-month sponsorship agreement for the app with global trading platform, IG. The commencement date of the agreement coincided with the app’s release on the 26th July 2017. Per the Company’s ASX announcement, the agreement will bring in revenue equal in the first 12 months to approximately 5% of HotCopper’s annual revenue.
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.
HotCopper Holdings Limited (ASX: HOT) (HotCopper or the Company) is pleased to announce that it has entered into a partnership agreement with Big Review TV Ltd, a subsidiary of ASX-listed BIG Un Ltd (ASX:BIG, market capitalisation $375 million). Under the agreement, the parties are to market a dual product offering pairing HotCopper’s Corporate Spotlight package with a branded BIG Finance video licensing package.
BIG is a social media video review platform. BIG are innovative disruptors in the online video space delivering subscription based video technology products and services. In particular, Big Review TV’s B2B service provides on-site, low-cost video content licensing and online marketing services to small and medium-sized enterprises. The Company has operations across Australia, New Zealand, the United Kingdom, the United States, Hong Kong, Singapore and Vancouver and was listed on the ASX in December 2014.
The BIG/HotCopper package will provide ASX-listed companies with a specialist BIG Finance video licensing package via subscription over a twelve month period, distributed to HotCopper’s audience of 700,000 investors per month through companies’ Corporate Spotlight. The joint package will be aggressively marketed to the parties’ respective client databases using a combination of BIG and HotCopper’s sales resources and revenue split accordingly. With more than 2,200 companies listed on the ASX, the revenue opportunity for both companies is significant and the package can be provided under both companies’ existing cost structure.
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.
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