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AR9 - archTIS Limited

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Highlights:

• archTIS acquires technology assets including customers, staff and the European operations of Cipherpoint Limited (CPT) software division.
• The acquisition represents significant value for shareholders at ~3.8x the acquired annual recurring revenue; while being immediately accretive to earnings.
• Strategic acquisition providing archTIS with a unique data discovery and encryption technologies that are complementary to NC Protect and can be upsold and cross utilised within the existing Microsoft technology stack.


The purchase price consists of $1.4M in cash with $200K of the initial purchase price held in escrow until the novation of certain contracts. In addition, further consideration of up to $1M is to be paid based on total contract values of contracts assigned to archTIS as of 31 March 2022


 
AR9 came out with its Quarterly, and there was a selloff, slipping to 26c. For an outfit that is meant to be all about growth and margins, news is thin on the ground

Then, before 11am, an Ann of a new contract saw a lift , but still under 30c

• archTIS secured a contract with an Australian National Intelligence and Law Enforcement agency for the deployment of technology from partner Okera’s universal data authorisation platform.
• archTIS, through its partnership with Okera, can now offer end-to-end solutions for zero-trust data access control across any organisation’s structured and unstructured data holdings.
• The total contract value is $449,570, with $241,500 of annual recurring licensing.

The language from both parties is gushingly effusive. Let's hope the sum of parts leads to something:

 
Still holding 30,000 of these left over from your tip. Looks like full liquidation a year ago in the +50c range was the the way to go. Might sell out, all their announcements lead to small potatoes dollar wise.
 
finicky said:
Still holding 30,000 of these left over from your tip.
Click to expand...
talk of a tip is rubbish. a pile of garbage.

I've arrived at a conclusion similar to yours but from a different route. I post because I hold. I piled in the 5.5c SPP and then sold half (at 34c then 56c) to be free carried. So I sit and wonder if rump proceeds could be deployed elsewhere and better, with any views on opportunity and risk and sector allocation confounded by hesitancy and torpor.

Yes, you're right, most contracts seem to be small beer, at present.
 
ArchTIS has enlisted Amicaa Advisors to help it raise $8 million to fund the expansion of its document sharing platform Kojensi into the US and UK and for possible M&A activity.

The raise will take the form of a $6.5 million placement for institutional investors, and a $1.5 million share purchase plan, according to the term sheet.

The offer is priced at 23¢, representing a 13.2 per cent discount to its last traded price.

Investors will also be offered an attaching option on a one for three basis. The option will have an exercise price of 35¢ and a two-year expiry.

The overseas expansion of its Kojensi platform comes after its successful deployment with the Australian Department of Defence. It is also already used by the UK defence department.
 
it's official ... and SP will drift to around the 23c mark. For a while.

archTIS Announces Placement and SPP to Raise up to AU$8 Million to Accelerate Growth Initiatives

Highlights:

• Strong demand from both domestic and international institutions as well as sophisticated investors secures firm commitments in a Placement to raise $6.5 million at $0.23 per Share.
• Existing shareholders are invited to participate in a $1.5 million Share Purchase Plan (SPP) on the same terms as the Placement.
• Placement and SPP participants will receive one free-attaching unlisted option (exercisable at $0.35, expiring 2 years from the date of issue) for every three Shares received under the Placement or SPP.
• Funds will be used to expand archTIS’ product offering and geographic reach into key markets in the US and UK, to continue to execute on M&A strategy and build on an existing relationship with Microsoft through IP Co-sell opportunities.
 
This is going to be awkward
  • Closing Date of the SPP Offer and announcement of the results of the Offers** ..16 December 2021
  • Issue of Securities under the SPP Offer .... 23 Dec 2021
whereas on p1 of the PDS.,
The SPP is currently scheduled to close at 5:00pm (WST) on 23 December 2021.

and as the offer is for SPP @ 23c with free options (nothing is free !) and today AR9 is trading at 22.5c ... = a month of excruciating ambivalence.

(won't be like the SPP last year, that's all I know!!)
 
I must admit I wouldn't trust any of this mob to go down the road and buy me a half scoop of chips, and bring it back.

They may be good at what they do tech-wise but I have doubts about the ability of the board to govern in a proper manner.

gg
 
On Friday 24/12/2021 over 8 million shares of AR9 come out of escrow.

Price has been a bit fragile of late. Trading around 19c this afternoon on Vol of about 600,000.

gg
 
Garpal Gumnut said:
On Friday 24/12/2021 over 8 million shares of AR9 come out of escrow.

Price has been a bit fragile of late.
Click to expand...
and a list of the Top 20 , following the rather lacklustre capital raise, has been published. Had a double-take, as in there at #1 was SOL Soul Patts, at 21.6%, and some outfit Brio Capital at 14%. Then I saw it was for the options AR9O

So these are the recipients of options and thus must have subscribed for the heads, in that allocation. Only 10 million issued hence the uptake was low.
 
Garpal Gumnut said:
Price has been a bit fragile of late. Trading around 19c this afternoon on Vol of about 600,000.
Click to expand...
Daniel Lai did a webinar recently. .... there was no announcement but the link is here

ArchTIS (ASX: AR9) – Innovative solutions for cyber security - Sharecafe

Daniel Lai - CEO - ArchTIS is a global provider of innovative software solutions for the secure collaboration of sensitive information.
www.sharecafe.com.au

He talks very confidently (this time) and explains well. After the 10 minutes review of product and where they are, there is some Q&A; he talks about recent SP softness (broad cyber security enthusiasm about 18 months ago across the whole industry). From 13 to 14 minutes, it's well worth a listen. And then he talks about the relationship with MicroSoft, the pluses and minuses. For me the key takeout is that locally developed Kojensi is looking to get accreditation in the US and UK (will spell it out; AUKUS), which should happen within 12 months. Success is not assured, of course.
 
finicky said:
Convincing break outside downtrend resistance line yesterday. Could be just forming a base, would need a firm break above 20c to look bullish imo. Momentum has changed.
Click to expand...
good pickup .. had a loaded 17c buy at the start of the week but missed it.
 
The Quarterly came out with an Investor Presentation set of slides.

Almost pleadingly, the last slide was:
5 Reasons to Invest Now
  1. Low priced EV of A$41.5M with $12.5M on balance sheet
  2. ARR growth supported by higher margins and low customer churn
  3. Microsoft IP Co-sell relationship with established pipeline and marquee customers including AUS Defence
  4. Global market tailwinds with 26% CAGR for datacentric security across zero-trust architecture
  5. Built-out global sales infrastructure US / APAC / EMEA
 
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