1PG - 1-Page Limited

[herzy]

Has anyone taken a look at this?

Here's a company presentation.
http://www.asx.com.au/asxpdf/20141017/pdf/42syxh2h8hjs75.pdf

Here's an article about them.



http://www.afr.com/p/opinion/intermet_seeks_to_raise_for_backdoor_hA0Km5FGkYin1gFc2rEhWP

I think it's an interesting concept and think using this type of recruitment could definitely produce better outcomes in some situations. But I am not sure if 1PG actually has any solid defensible IP to speak of. I am also wondering if the platform may be subjected to workaround... e.g. cheating, plagiarising etc

Thoughts?

P.S. These fancy ASX codes starting with a number is catching on... 1PG, 3PL, 8CO, Unfortunately they don't work well with IRESS streaming data :bad:

I would say it's not really patentable to any real degree - anybody could come up with something extremely similar (but different enough).

These types of assessments already exist (I've just been going through them for my graduate position applications) - I haven't come across this company, but will have a look and get back to you. It's definitely interesting, scaleable, good margins, growth industry etc if it gets going.

 

[skc]

I would say it's not really patentable to any real degree - anybody could come up with something extremely similar (but different enough).

These types of assessments already exist (I've just been going through them for my graduate position applications) - I haven't come across this company, but will have a look and get back to you. It's definitely interesting, scaleable, good margins, growth industry etc if it gets going.

The business challenge concept is nothing new... so the key to success is their platform. I just had a look at the demo and it is quite impressive... although I have been out of the corporate loop for so long that I really have no concept on what might be out there.

I can see it being quite useful for internal candidates as well in large companies. At the same time, it could be used as an idea-sourcing tool. It's as much a knowledge management tool as it is a recruitment tool.

P.S. Was your recent job application done using some cloud-based platform? Or are you referring to a business-challenge type recruitment process.

 

[McLovin]

I'm a bit confused. Do these guys plan to be closer to LinkedIn or SEK in terms of how do they get eyeballs looking at job ads?

I really like the concept of setting a job application as a challenge (I guess it used to be done in interviews), but I agree it's hard to see how everyone else can't copy it.

 

[herzy]

P.S. Was your recent job application done using some cloud-based platform? Or are you referring to a business-challenge type recruitment process.

Do you mean a centralised application cloud where my application is sent to multiple firms for consideration? No, mine wasn't, but that does exist in my field (law).

I was referring to a business-challenge type recruitment process, whereby we had to sit multiple online tests which were administered by a 3rd party in collaboration with the hiring firm.

I really like the concept of setting a job application as a challenge (I guess it used to be done in interviews), but I agree it's hard to see how everyone else can't copy it.

+1 (like the concept of these, plus 'assessment days' rather than interviews per se), but +1 that it's already being done and easy to copy.

I really should look more closely at exactly what 1PG does to make a proper comparison - I'm not sure how relevant my comments are as yet. Sorry!

 

[skc]

I'm a bit confused. Do these guys plan to be closer to LinkedIn or SEK in terms of how do they get eyeballs looking at job ads?

Neither. I don't think they are about eyeballs to job ads. They are about screening of applicants (and frankly, free crowd sourcing of business solutions).

I don't know exactly how the process works, but perhaps an ad on SEEK to say that there's a real-time event at 8:30pm for a potential job in XYZ?

May be like those "Second Life" recruiting events back in the days...

 

[McLovin]

May be like those "Second Life" recruiting events back in the days...

Fark...that took me back. And no, I was never on it.

 

[SuperGlue]

Running hot since 14 July.

"1 Page signs two Fortune 100 Enterprises to sourcing platform"

http://www.asx.com.au/asxpdf/20150714/pdf/42zsyzl8r7l6bp.pdf

 

[SuperGlue]

One crazy stock that has been running hot again.

Up 17% currently.

 

[skc]

One crazy stock that has been running hot again.

Up 17% currently.

I definitely wish that I just took a small speculative stake back in Oct last year!

It's only a 15 bagger from there

Having said that that I would have sold it many times over. There business concept is sound but the revenue isn't showing yet.

 

[VSntchr]

I definitely wish that I just took a small speculative stake back in Oct last year!

It's only a 15 bagger from there

Having said that that I would have sold it many times over. There business concept is sound but the revenue isn't showing yet.

I bought this one in a BO trade. Sold most at about a 25% profit and then got stopped out at ~240 on the remainder. Then KABOOM

 

[skc]

A bit over 2 years on, 1PG hit a high of almost $6, then breaking below $1 today on a relentless 6 month of selling.

It felt like the surge from $2 to $6 was on the back of a bullish analyst report by Canaccord (spelling?), while the selling started with a not so rosy Baron article from around Nov 15.

https://gallery.mailchimp.com/9eb3e402e669cc62e50781280/files/CGAU_1PG_Initiation_20150810.pdf

http://www.barrons.com/articles/1-pages-share-price-is-up-in-the-clouds-1448518135

I read both reports and each presented an interesting perspective. Obviously, the share price is not helped by 1PG failing to really produce any meaningful revenue on the back of all these major corporate clients... Revenue was $412k while burning through $14m in expenses (including share based payments).

Thankfully, the company was able to sell 11m shares @ $4.50 during the spike... so the company holds some $48m cash as at 2016. Compared that to a market cap of ~$170m.

I'd love to hear if anyone has actually experienced first hand with 1PG's services...?

 

[skyQuake]

Cash keeps burning (5m/q now) and revenue keeps coming in. Oh wait. What revenue?

Good thing they raised cash @ $4.50!

 

[skc]

Cash keeps burning (5m/q now) and revenue keeps coming in. Oh wait. What revenue?

Good thing they raised cash @ $4.50!

With 4 pages of solid text walls preceding the 4C you know it's going to be bad news before you even have to read it. They did warn us back in March's business update... it said

1-Page Limited (ASX:1PG) (“1-Page” or the “Company”), the enterprise cloud-based
talent acquisition platform is pleased to provide a market update to shareholders.

The Company confirms that there has been no material change to its business.

Clearly they meant there has been no increase in cash receipts!!

However, I don't understand what they meant by new bookings?

New bookings were light in the first quarter given the Company’s decision to focus on customer
success and upgrading the Sourcing Solution, particularly during a seasonally weak period from a
recruiting perspective. New bookings at the end of 30 April 2016 totaled A$762,944, compared to new
bookings of A$36,960 in Q1 2015. The Company added a total of nine new enterprise clients and had
two upsells in Q1 2016.

But the customer receipts were only $94k. So what is this $762,944 new booking?

P.S. Market cap ~$100m vs cash receipts of ~$400-500k (annualised) = 200x.

 

[Gringotts Bank]

The 2 year chart is remarkable - a big triangle. Lesson for anyone starting - this happens a lot in the small company sector. Not usually quite so triangular, but most end up back where they started... eventually. Quite a few re-emerge with more investor backing, a new hole or product and the climb/fall starts again.

 

[skc]

The 2 year chart is remarkable - a big triangle. Lesson for anyone starting - this happens a lot in the small company sector. Not usually quite so triangular, but most end up back where they started... eventually. Quite a few re-emerge with more investor backing, a new hole or product and the climb/fall starts again.

Yes most small caps are more 2-month "kangaroo tail" sort of chart. The fact that 1PG managed a pretty slow decline is probably testimony to how "interesting" the story was. It's showing that it's not much more than just that though.

It's a great shame that there was no borrow available in this name, even when it was >$3.50 and with market cap close to $1B.

And to the brokers who gold the capital raising away @ $4.50. You are definitely going places!!

 

[McLovin]

http://www.barrons.com/articles/1-pages-share-price-is-up-in-the-clouds-1448518135

Lol

If 1-Page has proven better at getting money from Australian investors than from customers, it should come as no surprise. “Since incorporating in December 2011,” says the company in a recent presentation, “1-Page’s activities have principally involved raising money.”

Top marks for management honesty!

 

[VSntchr]

Yes most small caps are more 2-month "kangaroo tail" sort of chart. The fact that 1PG managed a pretty slow decline is probably testimony to how "interesting" the story was. It's showing that it's not much more than just that though.

It's a great shame that there was no borrow available in this name, even when it was >$3.50 and with market cap close to $1B.

And to the brokers who gold the capital raising away @ $4.50. You are definitely going places!!

Confession time: I had borrow at ~$2.40...had a short after the release of a 4C, but closed it out for a tiny loss as I didn't want to hold it overnight without being in the green. My reasoning at the time was that it had been so irrationally priced that there was nothing to stop it spiking 5%+ against me in the short term. It did take a week or so to get moving, but once it did - it hasn't stopped.

That 4 page wall of text was ridiculous wasn't it...maybe it should be called 4PG.
I think it's clear that this company should be pitching to some VC in Silicon Valley - not to retail punters on the ASX!

 

[Gringotts Bank]

Bit of volume and turnaround potential here I reckon. Up to ?mid 60's looks likely.

Some good posts on HC. Also, the CEO is too good looking to fail.

 

[System]

On September 13th, 2018, 1-Page Limited (1PG) was removed from the ASX's Official List in accordance with Listing Rule 17.11, after security holders resolved to remove 1PG from the Official List.