Proactiveinvestors United Kingdom Animoca Brands Corporation Ltd https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Animoca Brands Corporation Ltd RSS feed en Thu, 20 Jun 2019 10:15:15 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[Media files - Animoca Brands subsidiary OliveX branching out into smart home workout devices ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/12409/animoca-brands-subsidiary-olivex-branching-out-into-smart-home-workout-devices-12409.html Fri, 01 Mar 2019 14:21:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/12409/animoca-brands-subsidiary-olivex-branching-out-into-smart-home-workout-devices-12409.html <![CDATA[Media files - Animoca Brands partners with WAX; the leading eCommerce platform for digital items ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/11858/animoca-brands-partners-with-wax-the-leading-ecommerce-platform-for-digital-items-11858.html Wed, 16 Jan 2019 10:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/11858/animoca-brands-partners-with-wax-the-leading-ecommerce-platform-for-digital-items-11858.html <![CDATA[Media files - Animoca Brands subsidiary OliveX successfully launches Lympo Squat app ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/11792/animoca-brands-subsidiary-olivex-successfully-launches-lympo-squat-app-11792.html Fri, 11 Jan 2019 12:29:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/11792/animoca-brands-subsidiary-olivex-successfully-launches-lympo-squat-app-11792.html <![CDATA[Media files - Animoca boosts revenue, acquires game developers ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/11074/animoca-boosts-revenue-acquires-game-developers-11074.html Thu, 01 Nov 2018 15:53:00 +0000 https://www.proactiveinvestors.co.uk/companies/stocktube/11074/animoca-boosts-revenue-acquires-game-developers-11074.html <![CDATA[News - Animoca Brands Corporation Ltd to acquire Finnish game developer ]]> https://www.proactiveinvestors.co.uk/companies/news/131918/animoca-brands-corporation-ltd-to-acquire-finnish-game-developer--69628.html Animoca Brands Corporation Ltd (ASX:AB1) will acquire TicBits Oy, an independent mobile game developer based in Finland for a cash consideration of $5 million.

In FY15, TicBits generated revenue of $1.5 million and has $1.8 million in cash accumulated from profits on its balance sheet.

The initial (staged) consideration represents an EV/EBIT multiple of 3.6x based on FY15 EBIT.

Interestingly, Finland has spawned two of the world’s most successful mobile game companies - Supercell, acquired by Tencent for $11.6 billion) and Rovio, the makers of Angry Birds.

The acquisition is funded from Animoca’s April 2016 institutional placement which raised $6.5 million.

The consideration includes an upfront payment of $3.5 million, followed by $1.5 million payable in 2018.

Animoca is a player in the global mobile gaming market, growing revenue to $7.5 million in 2015, from $4 million in 2014.

The company has a portfolio of more than 430 mobile gaming apps with 13 million monthly active users.

The new acquisition aligns with the Animoca’s strategy to expand global presence and enhance its owned portfolio of IP and games.


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.

]]>
Tue, 05 Jul 2016 14:35:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/131918/animoca-brands-corporation-ltd-to-acquire-finnish-game-developer--69628.html
<![CDATA[News - Animoca Brands gains 7m downloads with app on Xiaomi China platform ]]> https://www.proactiveinvestors.co.uk/companies/news/131917/animoca-brands-gains-7m-downloads-with-app-on-xiaomi-china-platform-68680.html Mobile game publisher Animoca Brands Corporation Ltd (ASX:AB1) is making inroads into the Chinese market after achieving over 7 million downloads for the ‘Garfield Chef’ mobile app game since December 2015, on Xiaomi’s app store, Mi Market.

The publishing partnership with Xiaomi, China’s largest smartphone maker with over 70 million handsets sold in 2015, helped Animoca achieve strong numbers for the Garfield Chef app.

For the quarter ended March 2016, Animoca recorded a revenue of $2.18 million, an 82% increase from $1.4 million recorded in March 2015 quarter.

Xiaomi has the exclusive rights to publish Garfield Chef throughout China on both Android and iOS systems. The iOS version was launched in the Apple app store in China in February 2016.

The Chinese mobile gaming market has overtaken the US and Japan as the top country by spend on mobile games, generating US$7.1 billion in 2015 according to a report by NewZoo and TalkingData.

It is expected to reach over $11 billion by 2019, according to Niko Partners.

Animoca held $3 million cash at the end of March 2016 quarter and successfully raised $1 million via a share purchase plan earlier this month.

 

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.

]]>
Wed, 18 May 2016 14:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/131917/animoca-brands-gains-7m-downloads-with-app-on-xiaomi-china-platform-68680.html
<![CDATA[News - Animoca Brands heads to market ]]> https://www.proactiveinvestors.co.uk/companies/news/131916/animoca-brands-heads-to-market-65884.html Animoca Brands (ASX:AB1) is heading to market with a capital raising, and the ASX has granted the company a trading halt to prepare.

Animoca is a global mobile games developer, with a portfolio of over 380 mobile games and 8 million monthly active users.

Recently the company said that is is on-track to grow revenues by 88% to $7.5 million in 2015.

The halt will remain in place until the opening of trade on Wednesday 2nd December 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.

]]>
Mon, 30 Nov 2015 13:00:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/131916/animoca-brands-heads-to-market-65884.html
<![CDATA[News - Animoca Brands to distribute mobile game on Tencent’s WeChat platform ]]> https://www.proactiveinvestors.co.uk/companies/news/131915/animoca-brands-to-distribute-mobile-game-on-tencents-wechat-platform-64709.html Animoca Brands Corporation (ASX:AB1) has signed an exclusive agreement with China’s Tencent to publish its Armies of Dragons game across the WeChat platform in Hong Kong, Indonesia, Malaysia, Singapore and Thailand.

The title will be distributed on the platform for a period of one year on a revenue share agreement.

WeChat is China’s most popular messaging service, with a footprint that extends well beyond the country’s borders: the platform has amassed well over a billion downloads and reached 600 million monthly active users at the end of the second quarter of 2015.

The agreement further progresses Animoca’s strategy to expand its distribution channels and drive user acquisition and in-app purchases.

Asia Pacific is considered the world’s largest market for the mobile game industry.

In 2014, the region’s 760 million mobile gamers generated US$13.6 billion in revenue, accounting for 55% of the global mobile gaming market.

Armies of Dragons is a medieval-themed Tower Defence strategy game originally released in August 2014. It has been downloaded over 750,000 downloads.
Animoca reported revenue of $3.1 million in the first half of 2015.

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.

]]>
Wed, 23 Sep 2015 17:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/131915/animoca-brands-to-distribute-mobile-game-on-tencents-wechat-platform-64709.html
<![CDATA[News - Animoca Brands receiving $3.1M investment from China’s Ourpalm ]]> https://www.proactiveinvestors.co.uk/companies/news/131914/animoca-brands-receiving-31m-investment-from-chinas-ourpalm-63298.html Animoca Brands (ASX:AB1) is receiving a $3.1 million investment from leading Chinese mobile game developer Ourpalm Co Ltd (SHE:300315).

The investment solidifies its existing relationship with Ourpalm is a strong endorsement from a market leader in China.

Ourpalm is investing the funds in consideration for 14,785,714 shares representing 11.1% of the company’s expanded share capital.

The purchase price of $0.21 per share represents a premium of 23.5% over the closing price on 24th June 2015.

The partnership with Ourpalm is expected to greatly enhance Animoca's ability to increase revenue generation and accelerate penetration into the Chinese market.

Ourpalm will work closely with Animoca to grow its market share in China, and widen its game distribution in the region as it leverages Ourpalm’s distribution channels and knowhow.

Animoca has also granted Ourpalm an option for a further investment of up to US$5 million at a price equal to 150% of the subscription price ($0.21) when the volume weighted average price of the company’s shares over a five day period reaches 150% of the subscription price.

Ourpalm has a market cap of 29.1 billion yuan (A$6.2 billion). It is China’s leading listed mobile and social web game developer and publisher, employing over 2,000 dedicated staff and working with a global network of companies to publish hundreds of games across China, South East Asia, Europe and the U.S.



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.

]]>
Mon, 06 Jul 2015 13:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/131914/animoca-brands-receiving-31m-investment-from-chinas-ourpalm-63298.html
<![CDATA[News - Animoca Brands to make material capital raising ]]> https://www.proactiveinvestors.co.uk/companies/news/131913/animoca-brands-to-make-material-capital-raising-63118.html Mobile games focused Animoca Brands (ASX:AB1) has been granted a trading halt by the ASX, pending details of a capital raising.

The company’s games have been downloaded over 130 million times.

Animoca is based in Hong Kong.

The halt will last until the opening of trade on Monday 29th June 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.

]]>
Thu, 25 Jun 2015 10:30:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/131913/animoca-brands-to-make-material-capital-raising-63118.html
<![CDATA[News - Animoca Brands games to feature on Google Play family section ]]> https://www.proactiveinvestors.co.uk/companies/news/131912/animoca-brands-games-to-feature-on-google-play-family-section-62751.html Animoca Brands' (ASX:AB1) mobile games will feature as part of Google’s new ‘Designed for Families’ section of the Google Play store.

At least 15 of Animoca’s games, including those based on Garfield, Astro Boy, and Doraemon as well as Maths War, Math Run, and Robo5, will feature initially.

Further games are expected to be added in the near future.

The initiative is aimed at helping parents source relevant games and content for their children by expanding the visibility of family friendly content on Google Play.

This section will also allow parents and children to search for content based on familiar brands and characters through Character Pages, providing another way to reach a highly relevant and targeted audience.

Parents with children of 12 years and younger make up a third of all users in the Google Play store.



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.

]]>
Thu, 04 Jun 2015 15:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/131912/animoca-brands-games-to-feature-on-google-play-family-section-62751.html
<![CDATA[News - Animoca Brands to release two mobile games ]]> https://www.proactiveinvestors.co.uk/companies/news/131911/animoca-brands-to-release-two-mobile-games-61967.html Animoca Brands (ASX:AB1) will release two high profile mobile games over the next few weeks with Gung Ho Online Entertainment.

Ragnarok Kingdoms: Horn of Wars, is a massively multiplayer real-time strategy game that will capitalise on the popular Ragnarok Online franchise.

It will be released worldwide on the Amazon Appstore and Google Play except in Japan, China, Taiwan, Thailand, and South Korea.

This was developed by Gung Ho subsidiary Gravity Co. Ltd, the first Korean company directly listed on the NASDAQ. It has released a number of highly popular titles including Ragnarok Online, which was one of its highest grossing apps on the Android platform in 2014.   

Cinderella Farm is a farming sim game targeted at families and young audiences.

It will be released worldwide on Google Play except in Hong Kong, Taiwan, Macau, Japan, and South Korea.



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.

]]>
Fri, 24 Apr 2015 16:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/131911/animoca-brands-to-release-two-mobile-games-61967.html
<![CDATA[News - Animoca Brands’ game tops Asian app download charts ]]> https://www.proactiveinvestors.co.uk/companies/news/131910/animoca-brands-game-tops-asian-app-download-charts-60745.html Animoca Brands (ASX:AB1) has a hit on its hands with its new game dominating Asian charts with 1.8 million downloads in under 2 weeks.

Doraemon Gadget Rush is based on Doraemon, the 12th highest-grossing animated franchise of all time, and became the number one downloaded iPad app in China, Indonesia, Hong Kong, Brunei and Macau.

Following this success, the company has signed a term sheet with Chinese social web and mobile game developer and publisher Ourpalm Co. Ltd to publish the game on the Android platform in China.

The company, which listed on the ASX in January, plans to release several new titles per month going forward.

It develops and publishes games including titles based on globally loved brands such as Doraemon, Garfield, Ultraman and more.

The majority of games it produces operate on a ‘freemium’ revenue model, whereby games are free to play and offer optional in-app purchases of virtual items and services.

Animoca also generates revenues from in-app advertising and publishing other developers’ games.

The $25 billion mobile gaming market is expected to grow to $40.9 billion by 2017.

 

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.

]]>
Tue, 17 Feb 2015 15:30:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/131910/animoca-brands-game-tops-asian-app-download-charts-60745.html