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AND - Ansarada Group

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thedocyard Limited is a developer and provider of cloud-based software designed to allow all aspects of legal and financial transactions to be undertaken on the one central platform. It operates a Software as a Service (SaaS) business model with its main target clients being organisations that undertake large or complex transactions or deals on a regular basis such as legal and accounting firms, corporate and financial advisers, financial institutions and listed or multinational companies.

The platform has the following key features:
  • Workflow management - standardise repeatable processes to make deal management more efficient, including checklists
  • Collaboration - allows all the parties to work on the same platform to compete a deal
  • Secure file sharing - store, share and access documents in one secure location
  • Project management - complete deals in an efficient and auditable manner
It is anticipated that TDY will list on the ASX during February 2020.

https://www.thedocyard.co
 
On December 8th, 2020, thedocyard Limited (TDY) changed its name and ASX code to Ansarada Group Limited (AND).
 
Reinstated to ASX on 09 Dec after Consolidation / split

On 30 September 2020, thedocyard announced that it had entered into a Merger Implementation Deed and a Share Sale Deed with Ansarada to facilitate the proposed acquisition of 100% of Ansarada by the Company together with a related capital raising.
Click to expand...
Changing name to Ansarada, the Group will be a "global provider of cloud-based SaaS information governance solutions. The Group’s Platform will provide end- to-end document and process management to support critical decisions and events for organisations throughout their lifecycle."

It will compete in the Information Governance Software market, which ... includes: Enterprise Governance Risk and Compliance (eGRC), which provides workflow, collaboration, security and analysis tools for organisations to apply across key GRC areas including policy, risk, incident, audit and compliance; and Transaction management.

Raised $45 million at $1.48, for a M/C of $130 million.
Enterprise value/pro forma FY20 revenue .... 3.2x
How is it travelling since IPO?
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(DNH)
 
Been on a upward trend last few months, from a low of 0.87c in May, to last close of $1.49.
So back to Square-1, of the original IPO it seems.

I became aware of the existence of this stock when my 'Super fund (Australian Ethical) increased their holding from 8% to 10.5%
an increase of two million shares. Whether or not that change in substantial holding is the driver of the upward run I can't tell : the notice of increase of substantial holding doesn't say anything about the manner in which the shares were obtained other than to reflect a single high-volume of 2 million shares on 11th August 2023.

So I suppose that means this was an off-market trade?
Looking at company announcements, and their website doesn't tell me much about their products, other than they like pretty colours and buzzwords, and before you dismiss me a babe in the woods as far as hi-falutin' business software systems go, I'm a programmer in the financial and legal space.
With a Market Cap of 133 million at current valuation, and for all their buzz-words about corporate management systems, they are presumably selling something more meaningful than a digital-content management system. (I used to work in that space too).

So I'll keep my eye on it: if I had more time I'd try to comprehend their products.

Memo Ansarada: giving yourself a 3-letter stock code of AND makes you bloody difficult to find when search for articles which include "AND".

Perhaps I should put that down to your sense of humour?

Regards,
P
 
Purple XS2 said:
Memo Ansarada: giving yourself a 3-letter stock code of AND makes you bloody difficult to find when search for articles which include "AND".

Perhaps I should put that down to your sense of humour?

Regards,
P
Click to expand...

Good morning @Purple XS2
You should be able to bring it up onto the 1st page of results with an Advance Search.

Go to Search
Go to Advanced Search
Go to Search Threads Tab
Keywords: Enter AND
Tick the box - Search Titles Only
Scroll down to Search in Forums: section
Highlight 0-H
Press Search

It should be on the 1st page of results. Yes still 100 pages of results :roflmao:.
 
Ansarada is my February Tipping Competition, this little gem continually meets target, has no debt, 25M cash on hand, growing ARR, increasing customer base with rates stabilising a growth in M&A will serve to further improve the fortunes of this well managed business.
 
Go Figure said:
Ansarada is my February Tipping Competition, this little gem continually meets target, has no debt, 25M cash on hand, growing ARR, increasing customer base with rates stabilising a growth in M&A will serve to further improve the fortunes of this well managed business.
Click to expand...
as will an offer. ..up 15 per cent to around $2.43. enough to now lead the Feb tipping comp.

• Ansarada Group Limited (ASX: AND) has entered into a Scheme Implementation Deed with Datasite, an entity owned by funds managed by CapVest, to acquire 100% of the fully diluted share capital in Ansarada by way of a Scheme of Arrangement

• Under the terms of the Scheme, Ansarada shareholders will be entitled to receive A$2.50 cash per share, which implies an equity value of A$236.3 million and represents a premium of:
- 19.0% to the last closing price of A$2.103 per share;
- 36.4% to the 7-day Volume Weighted Average Price ;
- 45.4% to the 3-month VWAP; and
- 57.1% to the 6-month VWAP
 
On September 9th, 2024, Ansarada Group Limited (AND) was removed from the ASX's Official List in accordance with Listing Rule 17.11, following implementation of the scheme of arrangement between AND and its shareholders in connection with the acquisition of all the issued capital in AND by DS Answer Pty Ltd.
 
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