Australian (ASX) Stock Market Forum

WHK - WhiteHawk Limited

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frugal.rock said:
“Completed successful Cyber Risk Radar Proof of Concept with global social media company and currently finalizing Master Services Agreement for a Cyber Risk Radar contract for that company starting in first quarter 2022.”
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I've been musing about this scenario.
What global social media companies are out there? ?

Are we talking a huge name like Facebook ? Can only hope.
Have been thinking about adding another holding (using the cheaper broker.)
 
craigj said:
Federal govt committing big sums to cyber security in the budget has to be a positive
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Possibly, but don't they operate in the US?
Not sure that translates into potential profit or SP rise here in Aus. Good luck in the comp with it.

As a trade, I'm out, it didn't follow through as expected.
No announcement as expected.
Maybe I expected too much?
From their wording, I inferenced we should hear news about this global social media thing,in March, being the 1st QTR.
Nothing?
Some of my money gone with the wind, and frankly my dearz I don't give a damn.
Next.

Oh, an afterthought, (next) made me realise something, Next Investors have this on their books i believe.... just saying.
Also, I would expect
AR9 & TNT to fare better from any Aus gov funding announcements...
 
ok last month there quarterly was good
cash in bank revenue up
just waiting for a new signing

share price down 20% for the month on back of no news
 
latest quarterly invoices up 243%
1.44 million in cash no debt

market cap now below 20 million
 
Almost a year has passed since last post. The price of WHK traded sideways before falling lower (strong downtrend, terminal?).

Price gapped up today (0.034) with above average volume. Recent news of corporate hacking and releasing of customer data emphasises the need for better cyber security.
 
peter2 said:
Almost a year has passed since last post. The price of WHK traded sideways before falling lower (strong downtrend, terminal?).

Price gapped up today (0.034) with above average volume.
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And thirsty for more money in the door. Now $0.033c on returning to trade.

A non-renounceable Rights Issue of one fully paid ordinary share for every six (6) Shares held at an issue price of A$0.032 per Share, to raise up to A$1,368,323. The issue price of A$0.032 represents 15.79% discount to the closing share price on 18 July 2023 or 13.5% discount to the five day VWAP on 18 July 2023.

The Company intends to apply the funds raised from the Rights Issue to active customer channel growth, focused market engagement, 360 risk frameworks channel sales, scaling of virtual cyber analyst hubs, expenses of the Offer and general working capital.
 
obviously needs news for price to rise but mc at 7mill seems very low for a company that has had a cap raising and brings in income
it is trading at 2.4c when cap raising was at 3.2c
 
One month on and mc is at 5 mill and cash on hand is 1 mill.

Cap raising was at 3.2c now trading at 1.6c Seems oversold
 
🔎🕵️‍♂️🔎 ... look closely

Screenshot_20240223-132449_CommSec~2.jpg
 
back trading ... up even more

If the answer to question 1 is “no”, is there any other explanation that WHK may have for the recent trading in its securities?
The Company is not aware of the reason for the recent trading in its securities, although notes that number of S&P 500 companies in the United States of America with exposure to Artificial Intelligence (AI) has climbed to a new high in the last twenty four hours, over investor sentiments on worldwide artificial intelligence investment boom.

The Company is the first global online AI based cyber security exchange, with automated and scalable Cyber Risk Assessment, Saas, and Platform as a Service (Paas) product lines thatare tailored for clients of all sizes. The Company announced AI based Cyber Risk Contract with Top 5 Global Social Media Company on 11 December 2023 and Australian investors seeking to capitalise on growth potential of the AI market may have attributed price and volume increase.
 
the trading halt is requested pending an announcement concerning a capital raising.

opportunity abounds
 
Dona Ferentes said:
the trading halt is requested pending an announcement concerning a capital raising.

opportunity abounds
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Highlights
• WhiteHawk Limited secured firm commitments to raise A$2.0 million via a Share Placement at A$0.0225 per share to institutional and sophisticated investors.
• Each participant in the Offer will receive one free option for every two New Shares issued with an exercise price of A$0.0275 and one year term, subject to shareholder approval.
• The Company will seek quotation of the Options subject to achieving the minimum spread requirements set out by the ASX.
• Funds raised will support business sales growth, leveraging interest in Artificial Intelligence (AI) and Machine Learning (ML) in Cybersecurity and support working capital.
• New Shares are expected to be issued on Friday, 8 March 2024.
 
Dona Ferentes said:
Highlights
• WhiteHawk Limited secured firm commitments to raise A$2.0 million via a Share Placement at A$0.0225 per share to institutional and sophisticated investors.
• Each participant in the Offer will receive one free option for every two New Shares issued with an exercise price of A$0.0275 and one year term, subject to shareholder approval.
• The Company will seek quotation of the Options subject to achieving the minimum spread requirements set out by the ASX.
• Funds raised will support business sales growth, leveraging interest in Artificial Intelligence (AI) and Machine Learning (ML) in Cybersecurity and support working capital.
• New Shares are expected to be issued on Friday, 8 March 2024.
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Watching very closely I am !!!!
 
WHK is my pick for the March Competition. As penny dreadfuls go it's down there.
Had a screamer of a last week in Feb and has fallen back since the capital raising.
I like to think that by some sort of stroke of luck it may finish higher than any of my previous picks.
I do think that its one-line tool for small businesses to take action against cybercrime, fraud and disruption is worthy, but it is still a lowly penny dreadful.
 
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