Australian (ASX) Stock Market Forum

TNY - Tinybeans Group

Jump to new
bigdog said:
Share price has gone ballistic in 2019, surging more than 1125% in the past 12 months. The company’s share price opened the year at 26 cents and is currently trading at an all time high of $3.30
Click to expand...

Indeed. Was almost going to post earlier when it looked like settling around $3.39 for the day ..

Closed at $3.25 as you point out B/Dog. Intraday high of $3.52:eek:

It still amazes me that the gaps in the SP are often so wide …… However, it's Blue-Sky so the rule book is out the window:)

Expecting a gap up/down day tomorrow … but that is a just a very short term view. Still only a $120M+ Market Cap …. Could end up anywhere:cool:
 
barney said:
Still only a $120M+ Market Cap …. Could end up anywhere:cool:
Click to expand...

I don't understand how this company can be valued at $120 million when it booked a $560,000 loss in the last quarter on revenue of just $1.1 million?

I feel like I have been transported back to 1999 in the midst of the dot com boom.
 
Last edited:
greggles said:
I don't understand how this company can be valued at $120 million when it booked a $560,000 loss in the last quarter on revenue of just $1.1 million?

I feel like I have been transported back to 1999 in the midst of the dot com boom.
Click to expand...

Lol ……. You are likely not alone with your "transportation" Greg :confused::)

We both know however that in the Spec end of the Stock Market, correctly picking a Stock which has "future" value is akin to picking the lottery:eek:

Sometimes that future value ends up being a furphy, but even if so, the road to riches (or lack thereof) can offer up a multitude of trading opportunities, especially for those who believe in the Stock.

Unfortunately I am too sooky to be THAT ruthless as required, however:rolleyes: .…. and therefore look for the big return from something that is "legitimate" … I still think Tiny has the potential to be "legitimate"

Taking some profits along the way (if I were a holder) would still seem appropriate to me however.;)
 
greggles said:
I don't understand how this company can be valued at $120 million when it booked a $560,000 loss in the last quarter on revenue of just $1.1 million?

I feel like I have been transported back to 1999 in the midst of the dot com boom.
Click to expand...

I think it is sometimes easier for people to rationalise a high share price for a stock that is not yet making money because they are buying into a story of hope around a perceived bounty of blue-sky earnings to come.

Money is looking for somewhere it can make a buck right now whether or not that place is a rational one. Unfortunately free money for the rich leads to a misallocation of resources and more seriously the unjustifiable transfer of wealth from the poor to the wealthy.
 
Anyone with an opinion on recent events? Two cofounders are selling down and stepping back from operations as part of the $2 cap raise and the SP has reacted by dropping to $1.70's making the SPP less than enticing.

Part of cap raise is to acquire US competitor Red Tricycle that targets families with older age group children and hopefully not just growing the customer base but also the duration of retention.
 
kenny said:
Two cofounders are selling down and stepping back from operations as part of the $2 cap raise
Click to expand...

Curious on the source of that information Kenny?? Have you verified its validity? Not saying its untrue, but I cant find any info that has been announced to the market.
 
barney said:
Curious on the source of that information Kenny?? Have you verified its validity? Not saying its untrue, but I cant find any info that has been announced to the market.
Click to expand...
It was announced on the 31st January in the announcement on the acquisition of Red Tricycle on page 4.
 
Another capital raise that has seen the share price fall below the SPP price (2.00). Who would participate in the SPP when they can buy in the market at 1.70.

Tinybeans is buying RedCycle but RedCycle is taking Tinybeans to their US office and the TNY founders are reducing their holdings.

The chart shows a massive abc correction that will take months to resolve just like the company.
 
Investor conference call transcript is useful reading for anyone interested in TNY.
https://www.asx.com.au/asxpdf/20200226/pdf/44fgsq1z5t6y87.pdf

No views on recent SP decline and impact on SPP beyond announcing the extension to closing date to 06/03/2020.
https://www.asx.com.au/asxpdf/20200219/pdf/44f73nfzps8pky.pdf

A few things bouncing in my head I'd appreciate some thoughts from the forum are;
  1. What price did Thorney Investments (TIGA) invest at and on what thesis? Without any apparent escrow, they possibly came in at market price and could exit similarly.
  2. With the capital raise in doubt of achieving the total amount at $2.00, what happens to the Red Tricycle acquisition?
  3. Do the funds that have been raised from the SPP go first to working capital and into the business or does the Founder selldown of up to $4M shares take priority?
 
This answers one of my questions;
Tinybeans completes Red Tricycle acquisition
ASX RELEASE

2 March 2020

Tinybeans Group Limited (ASX:TNY) (“Tinybeans” or “the Company”) is pleased to announce that it has completed the acquisition of Red Tricycle Inc., a leading, trusted and highly complementary parenting platform with a business directory market place in the U.S.

Tinybeans Chief Executive Officer Eddie Geller, said:

“We’re delighted to complete the purchase of Red Tricycle and excited more than ever before given the encouraging early feedback from users and brands. We’re now fully focused on integration to enhance our value proposition and deliver the full synergies for shareholders.”

As consideration for the acquisition, Tinybeans:

  • has made a cash payment of USD$6,499,745.12 (with USD$750,000 held in escrow by an escrow agent to satisfy any post‑completion purchase price adjustment and indemnity claims by Tinybeans); and

  • subject to the receipt of duly executed documents from each seller (e.g. voluntary escrow deeds), will issue 861,625 shares, which will be escrowed for 12 months from issue.
 
traffic.png
 
Noticed a odd cyclical nature to this one recently.
If theory is correct, should pull back to circa 0.88 again, find support and continue modest up cycle .

If this pullback doesn't validate, (the cycle theory that is), breakout expected either way.

Results expected early to mid next week, but either way, it's hand should be showing a week from now (next Friday)

My :2twocents and not holding and don't care if right or wrong.
My stab at an alternative TA take, not FA based. o_O
 
7,864,336 fully paid ordinary shares are due to be released from voluntary escrow on 8 August 2020.

The cycle theory is showing signs of confirmation. A buy signal to me.
Exit timing will be considered inline with escrow release.
90 bar (day) chart, cycle clearer on a 30 bar basis though.

Screenshot_20200730-032705.png
 
Top