PIL - Peppermint Innovation

[System]

On November 27th, 2015, Chrysalis Resources Limited (CYS) changed its name and ASX code to Peppermint Innovation Limited (PIL).

 

[frugal.rock]

Returned from suspension of over 1 year...
No idea on FA.
Might be worth a lazy eye out owing to its sector.

 

[Dona Ferentes]

Economic growth coupled with widespread mobile internet usage (almost 86% use the internet via mobile devices) sees a growing number of middle-class Filipinos ready to access finance through mobile phoneapp lenders.

In Summary
• Innovative technology solution to facilitate financial inclusion, micro business enterprise and consumer convenience
• Established & commercially proven technology platform
• Growing revenue stream & low-cost operation despite impact of Covid-19
• Experienced executive leadership & senior management team
• Highly productive past 12 months
• Recent prospectus closed heavily over-subscribed raising $2.5 million
• Continued development of our bizmoto business model and ecosystem services
• Exciting opportunity to establish an alternative non-bank lending business in the growing Philippines market
• Positioned to accelerate commercial application and market penetration
• Scalable business model with global growth opportunities


maybe for the traders.

 

[kenny]

Reads like Buzzword Bingo to me. They're only missing "Blockchain", "SaaS" and "diversity"

 

[Dona Ferentes]

Reads like Buzzword Bingo to me. They're only missing "Blockchain", "SaaS" and "diversity"

I like it... Buzzword bingo. Just what is the tech equivalent of nearology?

 

[kenny]

Quite reminiscent of the dying stages of the Dot com boom for those of us old enough to remember.

 

[frugal.rock]

ASX ANNOUNCEMENT 29 JULY 2021

Peppermint to offer non-bank bizmoto micro-enterprise loans

• Peppermint awarded finance licence by Philippines' Securities Exchange Commission

• bizmoto mobile App platform will offer alternative non-bank micro-enterprise loans -
branded as bizmoPay

• Initial 3-month pilot program to integrate bizmoPay into bizmoto mobile App

• Micro-enterprise loans will then be available to qualified bizmoto agents, registered bizmoto network members and enterprise platform partners

• bizmoPay offer will promote wider adoption of bizmoto services and drive the use of
the bizmoto ecosystem

 

[frugal.rock]

Might be worth a lazy eye out owing to its sector.

Still keeping a lazy eye on this one. A bottom may be in, or maybe not. Main interest is due to recent finance licence approval as I expect that will have a positive effect on SP once actually lending.
Further potential to gain more customers due to the lending facilities also.

SP has been consolidating and I would want to see a pickup in volume to consider a entry for a short term trade.
However, am considering a small entry on a medium to long term speculative basis but would like to confirm whether in fact it has actually bottomed out, or not.

 

[frugal.rock]

Would seem to indicate a leaky ship...
After hours yesterday ASX aware letter response that has this;

" The post titled ‘GCash will be next maybe tomorrow!!!’
1 published on the HotCopper website on 17 May 2021, which refers to, amongst other things, negotiations between PIL and GCash."

Haven't read it, however, the post (17/5/21) is dated 3 days before the market sensitive announcement (20/5/21), and the price started rising from the 11th of May.
Am guessing someone complained, otherwise not sure the ASX would pick up on something like by that themselves this far down the track from the announcement?.

 

[frugal.rock]

So am holding onto this one, price has been fairly steady and consolidating.
Looking forward to hearing hopefully good news on the software platform intergration underway so they can actually start lending.

An interesting business with
large potential growth, tie in impending inflation effects, might be some "by crikey that's good" growth rates,... as long as they don't stuff it up.

Quite speculative at this stage, however I see it as pretty good timing to have already gained a financial licence to lend money. (the market didn't really react to actually having received the licence...)

Waiting for the implementation of it and lending starting.

In my opinion, not a huge downside risk on a medium to longer term outlook.
Ask covid about short term...

 

[frugal.rock]

Worth an update.
An interesting bounce underway.
Still holding.

 

[frugal.rock]

Quarterly out today and it seems they have been productive.

First loans have started and rapid growth appears imminent as most of the hard yards are completed.

The quarterly and this company are well worth considering at this stage of the early bird game, in my opinion. I do hold.

Another consideration is the likelihood of interest rates increasing, which may be of direct benefit to PIL on future borrowings.

(My understanding on interest rates increasing is that lenders profitability margins increase also.)

SP hasn't done much lately but hopefully a definitive upward trend forms.
Chart shows some potential of this happening, but I wouldn't think it's a standout TA trade signal, however if the SP and volume do pickup, i think that would soon change.
A speculative early bird opportunity, in my opinion only.

 

[frugal.rock]

Chart shows some potential of this happening, but I wouldn't think it's a standout TA trade signal, however if the SP and volume do pickup, i think that would soon change.

Volume and SP picking up.
No, it's not me buying... or is it?
(Insert Twilight Zone music here)

 

[frugal.rock]

ASX ANNOUNCEMENT
28 October 2021
Peppermint signs significant agreement with Dragonpay

Highlights

• Peppermint signs cash-in, fund transfers and payments agreement with Dragonpay, one of the Philippines' largest and most reliable online payment gateway platforms

• Agreement provides one-stop payment gateway, connecting the expanding bizmoto network
to a significant number of online and over the counter cash-in and payment channels throughout the Philippines

• Implementation planning will commence soon with a target 'go live' date in Q1 2022

Have topped up a bit for a longer hold. Had let some go at recent highs and a standing sell order got hit today as I forgot to set an alert.

 

[frugal.rock]

ASX ANNOUNCEMENT
4 November 2021

Peppermint launches bizmoPay commercial roll-out

Highlights

• 'Phase 1' commercial launch of bizmoPay micro-enterprise loans offering

• More than 56,000 bizmoto agents can now access bizmoPay micro-enterprise loans via
bizmoto mobile App

• Up to 1,000 micro-enterprise loans expected to be issued across the loan portfolio during next three-month period.

A nice upward draft...

 

[debtfree]

Today's Announcement ..........

 

[frugal.rock]

ASX ANNOUNCEMENT
11 November 2021

$4million committed to placement

Highlights
• $4 million committed at 2 cents per share in placement

• Funds will progress Electronic Money Issuer (EMI) Licence application and commercial roll-out of bizmoPay loan service

• Notice of Eligibility to proceed with Stage 3 of Electronic Money Issuer (EMI) License application received from Bangko Sentral Ng Pilipinas (BSP)

• EMI licence will allow any Filipino to use the bizmoto platform to receive digital money and access digital services

• Company to conduct a bonus option issue to existing shareholders

• Phase 1 commercial roll-out of bizmoPay underway

Nice to see a raising without a brutal discount and some free options (1 option for every 10 shares) if one is holding on the 26/11/21

 

[debtfree]

Quick chart update for PIL

 

[frugal.rock]

"ASX ANNOUNCEMENT
19 November 2021

Update on Placement

PERTH, AUSTRALIA, 19 NOVEMBER 2021: Peppermint Innovation Ltd (ASX: PIL) (“Peppermint” or “the Company”) advises the indicative settlement date for the Company's recent placement has been extended to Wednesday, 24 November 2021.

The Company has chosen to extend the indicative settlement date by seven days to allow it time to fully assess a potential new, strategic investment partner."


Will be interested to see how this pans out, and if it does, who this strategic investor is.
Potential here as I see it, is possibly a case of "getting noticed" by a big player, because after all, the Philippines population is approx' 5x greater than Australia presenting an interesting market attraction.

Heres hoping the roll out goes well and some good rapid market penetration occurs...?

At least cashflow shouldn't be an issue for a while.

 

[frugal.rock]

No news, but a decent little show today.
Looking for continuation.
Holding mid to long term so hoping for the slower, more sustainable rise.
Keen to hear how the loan and system rollouts are going.