Registered Members Login:
   
Forgotten Your Details? Click Here To Recover +
Welcome To The ShareCafe Community - Talk Shares And Take Stock With Smart Investors - New Here? Click To Register >

  
 
  
Reply to this topic

OPN, OPENN NEGOTIATION LIMITED
nipper
post Posted: Jul 21 2021, 12:21 PM
  Quote Post


Posts: 10,064
Thanks: 2814


In Reply To: nipper's post @ Jun 12 2021, 02:24 PM

OPN is trading and delivering an early stag. Being more than a month late does not seem to matter.

Priced at 20c, OPN opened at 30c and bouncing around that level, on Day One.



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
nipper
post Posted: Jun 12 2021, 02:24 PM
  Quote Post


Posts: 10,064
Thanks: 2814


Openn Negotiation Limited (OPN) operates a proptech business that provides technology solutions to enable the transparent negotiation and sale of real estate online.

The Company's solutions are primarily delivered online through their technology platform. The Openn platform combines their proprietary technology for a transparent online sales process with an online software platform to facilitate real time negotiation of property sale transactions.

The Openn platform is designed to facilitate different types of sales methods. At present, it facilitates:
  • ... Openn Negotiation : the Company's primary product offering and sales process which combines flexibility of a private treaty with the transparency of auction price discovery; and
  • .... Openn Offers : which supports a traditional private treaty process online with improved transparency.
  • ... The Openn platform is a transactional tool used by real estate agents throughout Australia and New Zealand to conduct property sales online.
The Openn platform facilitates a real time, online bidding process to achieve the market value for a property, through competitive price tension. The platform aims to build trust between the agent and buyer and ensures price maximisation for the seller.

Agents (who are trained by Openn and certified to use the platform) are able to upload properties to the platform.

Potential buyers are then able to view properties. Those who wish to participate in a sale campaign can register and bid online through the Openn platform via a web browser or mobile app.

Competing bids for a property are disclosed on the platform to participating qualified bidders. This provides all bidders with price transparency, allowing them to make an informed decision about improving their bid.

In addition to its transaction capability, the Openn platform captures unique, real time data that has the potential to provide lead indicators for the property market. This data could add value to the property sector especially as the industry is experiencing an increase in buyer demand and competitiveness.

With approximately 55,000 registered users across Australia, over 3,300 agents adopting the technology and approximately $2 billion of property sales so far, the Openn platform is being recognised as an industry enabler, delivering a flexible and transparent transaction alternative.

Listing date... 11 June 2021 #

Principal Activities... Australian based holding company which (through its subsidiary) operates a property technology business providing technology solutions for the transparent negotiation and sale of real estate through an online software platform.

Issue Price... $0.20
Issue Type... Ordinary Fully Paid Shares
Security code... OPN

Capital to be Raised.... $9,000,000
Expected offer close date.... 24 May 2021

Underwriter.... Fully underwritten. Euroz Hartleys Limited (Underwriter and Lead Manager)



--------------------
"Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman

"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne
 
 



Back To Top Of Page
Reply to this topic


You agree through the use of ShareCafe, that you understand and accept the TERMS OF USE.


TERMS OF USE  -  CONTACT ADMIN  -  ADVERTISING