Sector Expertise

Our Sector Expertise

Jacanda Capital's principals are regular speakers at industry events and commentators in business media.
By philip alexander 22 Mar, 2017
There were 30 tech IPOs in 2016 on the ASX and 10 mining IPOs. Mining performed more strongly than technology IPOs. Wisetech Global was the standout tech IPO of 2016. At this stage in 2017, there are 3x more mining IPOs in the ASX pipeline than tech IPOs. A strong reversal of 2016 numbers.
By philip alexander 15 Mar, 2017

ASX Tech IPOs had mixed results in 2016. Top 10 tips for assessing Tech IPOs in 2017.

By philip alexander 07 Mar, 2017
Finding a big name investor might be considered an integral part of any startup’s corporate strategy. Here are some of the reasons a big name investor can help boost your startup’s profile and, in turn, your capital raising prospects.
By philip alexander 02 Mar, 2017

Jacanda Capital said it expects investors may be tempted “back to mining IPOs” in 2017 due to the performance of tech listings in 2016.

“Tech IPOs generated a 45 per cent return overall for investors throughout 2016, compared to just 25 per cent for mining IPOs,” the company said.

“However, this figure drops from 45 per cent to just 8 per cent if the 1,380 per cent return generated by tech IPO outlier, Aurora Labs, is excluded from these returns.”

Jacanda Capital executive director Philip Alexander said investors were also “far less certain” on how to judge a tech IPO as they are “still somewhat of an unknown quantity to many Australian investors”.

Recent changes by the ASX to tighten its listing rules however means many riskier, lower revenue tech companies have been removed from the IPO pipeline, the company said, as well as improve the quality of tech listings.

“Recent measures taken by the ASX to restrict risky early-stage companies from reaching IPO stage should act to restore some faith in this potentially positive sector, and make way for stronger tech companies with greater revenues than we’ve been seeing in recent years,” Mr Alexander said.

“It’s our belief that there are still returns to be made in the listed technology sector, as long as investors seek out companies that demonstrate strong growth, recurring revenue, scalability and a strong Asian or global growth story.”

This Blog was first published as an article by InvestorDaily in March 2017.

By philip alexander 02 Mar, 2017
Jacanda Capital sees about 200 business pitches each year. We work with about 10 of them. Here are our observations...
By philip alexander 07 Feb, 2017
Australia's WiseTech Global jumped on its debut on the Australian Securities Exchange, sending its market value cracking past the 1 billion Australian dollar ($750 million) mark. WiseTech, which provides technology to logistics companies raised approximately A$168 million, with over 50 million shares offered and suggesting an initial market value of around A$974 million. The solid debut came despite investors turning cautious about new floats. Philip Alexander noted that investors "have either been stung or they have seen other retail investors get stung." He told CNBC's "Squawk Box" that WiseTech is a clear standout because it's profitable, global and very large.
By philip alexander 07 Feb, 2017
In July 2016, Australian online retailer Kogan listed via an IPO on the Australian Stock Exchange (ASX). The IPO offer document put a $140 million enterprise value on the retailer, which would represent 20-times forecast earnings before interest, tax, depreciation and amortisation for the 2017 financial year of $7 million.

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