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FZO, FAMILY ZONE
blacksheep
post Posted: Feb 28 2019, 02:15 PM
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Posts: 5,699
Thanks: 2125


In Reply To: blacksheep's post @ Feb 8 2019, 01:32 PM

SP down 11.11% currently - perhaps due to a few concerns in their HY Financial report? One in particular...

QUOTE
Material Uncertainty Related to Going Concern
We draw attention to Note 1 in the financial report, which indicates that the Family Zone Cyber
Safety Limited incurred a net loss of $7,558,963 during the half-year ended 31 December 2018
and, as of that date, a net cash outflow from operating and investing activities of $6,267,630.
These conditions, along with other matters as set forth in Note 1e, indicate that a material
uncertainty exists that may cast significant doubt on the Group’s ability to continue as a going
concern. Our conclusion is not modified in respect of this matter.


QUOTE
RESULTS
The net loss attributable to members of the Group for the half year ended 31 December 2018 amounted to
$7,558,963 (31 December 2017: net loss attributable to members $6,630,332).

The net loss attributable to members for the current period included share based payment expenses of
$2,093,983 and depreciation and amortisation charges of $2,225,084. The net loss from operations for the
period ended 31 December 2018 excluding these non-cash items was $3,239,896.

The Group’s cash at bank was $3,653,992 as at 31 December 2018.


FWIW - AFR StreetTalk recently mentioned that accountant, and Syd/Hobart 2017 skipper/ winner on Perpetual, Anthony Bell has popped up on the share register of FZO with a 2.7% stake in FZO - https://www.afr.com/street-talk/bell-snaps-...20190225-h1bo8h
https://www.shortman.com.au/stock?q=fzo

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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 21 2019, 10:35 AM
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Posts: 5,699
Thanks: 2125


In Reply To: blacksheep's post @ Feb 8 2019, 01:32 PM

BW Equities has issued yet another target - 43c. Below are all of their targets since 2016. With all the sign ups/agreements/acquisitions and enormous potential contained in their research you would think they would largely maintain their upbeat target. How do you go from $1.34 to 43c in just one month given their comments below? Lindsay Bettiol is the BW analyst who provided the latest target - Brett Cottrell was the analyst responsible for all other reports/targets

20/02/2019 - BW Equities Research | February Update - 43c
23/01/2018 - BW Equities Research | December Update - $1.34
23/10/2017 - BW Equities Research | FZO Acquires Linewize - $1.34
03/10/2017 - BW Equities Research | October Update - $1.33
03/10/2017 - BW Equities Research | Maxis Deal - 95c
09/08/2017 - BW Equities Research | A$5.2m equity raise - 73c
23/05/2017 - BW Equities Research | Subscriptions and school sign-ups continue to grow - 63c
14/03/2017 - BW Equities Research | Family Zone Significant agreements announced - 46c
31/01/2017 - BW Equities Research | Family Zone Quarterly result: Subscription growth, stable cash outlook - 39c
15/12/2016 - BW Equities Research| Family Zone Updating model for recent acquisition of Sonar/My Net - 39c
21/11/2016 - BW Equities Research | Family Zone Sonar/MyNet acquisition - 41c
19/10/2016 - BW Equities Research| Family Zone Initiate Coverage with Buy Rating - 41c


The full content BW's latest Investment Recommendation - which is 2c above their 2016 target

QUOTE
Investment Recommendation
Retain Buy Rating with a $0.43/share target price
After a sustained sell-off, FZO now trades at ~3x our forecast
FY19E revenues – we find this absurd. While there are clearly risks
associated with the FZO investment thesis (ie. cash burn doesn’t
slow meaningfully), we believe valuations at these depressed
levels are completely unwarranted given the company’s clearly
demonstrated growth potential (ie. revenue growth of >100% is
forecast again in FY20). Accordingly, we value FZO at $0.43,
which represents 115% upside and ~7x FY19 revenue (in-line with
early-stage tech peers delivering comparable growth).



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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 8 2019, 01:32 PM
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Posts: 5,699
Thanks: 2125


In Reply To: blacksheep's post @ Jul 19 2017, 04:35 PM

Noticed today's RESPONSE TO APPENDIX 4C QUERY. Haven't taken much notice of this stock since seeing it ramped a bit too much for my liking. Appears ASX is asking about their negative operating cash flows

QUOTE
Family Zone Cyber Safety Limited (‘FZO’): Appendix 4C Query
ASX refers to FZO’s Appendix 4C quarterly report for the period ended 31 December 2018 lodged with the ASX
Market Announcements Platform and released on 31 January 2019 (the ‘Appendix 4C’).
ASX notes that FZO has reported:
 negative net operating cash flows for the quarter of $1,203,000;
 cash at the end of the quarter of $3,595,000; and
 estimated cash outflows for the next quarter of $3,966,000.
It is possible to conclude, based on the information in the Appendix 4C, that if FZO were to continue to expend
cash at the rate indicated by the Appendix 4C, FZO may not have sufficient cash to continue funding its
operations.


QUOTE
1. Does FZO expect that it will continue to have negative operating cash flows for the time being and, if not, why not?
The Company expects to have negative operating cash flows albeit these are reducing rapidly on an annualised
basis. The Company estimates that it will reach break-even in early 2020 through a combination of a recurring
revenue base and through recently announced material reductions in operating costs.
2. Has FZO taken any steps, or does it propose to take any steps, to raise further cash to fund its operations and, if so, what are those steps and how likely does it believe that they will be successful?
In support of the Company’s growth strategy, the Company is in constant contact with advisors. The Company
is exploring a number of fundraising alternatives, including funding to take advantage of market opportunities
(particularly in our growth market of USA). The Board is comfortable with the trajectory of the business and is
comfortable about the ability to raise further capital in the future at the appropriate time which is not yet
finalised.
3. Does FZO expect to be able to continue its operations and to meet its business objectives and, if so, on what basis?
Yes, the Company expects to be able to continue its operations and to meet its business objectives based on
its responses to items 1 and 2 above.
4. Please confirm that FZO is complying with Listing Rule 3.1 and that there is no information that should be given to ASX about its financial condition under that rule that has not already been released to the market.
The Company confirms it is in compliance with Listing Rule 3.1 and that there is no information that should be
given to ASX about its financial condition under that rule that has not already been released to the market.
5. Please confirm that FZO’s responses to the questions above have been authorised and approved in accordance with its published continuous disclosure policy or otherwise by its board or an officer of FZO
with delegated authority from the board to respond to ASX on disclosure matters.

The Company confirms that this letter and the responses above have been authorised and approved by the
Board.


BW Eqities has raised the following - according to their web page http://bwequities.com.au/transactions
$6m IPO Joint Lead Manger - August 2016
$3.2m Placement Lead Manager - March 2017 - BW updtes BUY with 109% projected return to 46c target
5.2 M Capital Raising Lead Manger - August 2017 - June 2017 BW updates BUY with projected return 25% and target 74c
$5M Placement Joint Lead Manager - December 2017
https://gallery.mailchimp.com/3c4aa62f5be7d..._March_2017.pdf
https://gallery.mailchimp.com/3c4aa62f5be7d...rterly_2017.pdf

DECEMBER 21, 2018 $2.5m in a placement to strategic and sophisticated investors at $0.225 per share.
16 August 2018 placement of 10,000,000 shares at $0.50 per share to raise $5,000,000

A lot of money raised, and spent, but not a whole lot of revenue from all those customers signed up as yet, although they claim

QUOTE
The majority of the Company’s revenue comes from the Australian and New Zealand education sector
which is subject to seasonality in which a significant portion of invoicing and cash collections are
completed in the March quarter. The Company had a record sales (contracting) period in the December
quarter of 2018 and accordingly in the current quarter e


Also appear to be relying on R&D receipts.

Sounded like a worthwhile product they are pushing, but certainly looks like more CR's to come unless cash collection markedly improves.

IPO'ed @ 20c - currently SP 16c

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 19 2017, 04:35 PM
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Posts: 5,699
Thanks: 2125


In Reply To: blacksheep's post @ Jul 19 2017, 02:46 PM

Stunning finish - closed up 34% - 59c
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 19 2017, 02:46 PM
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Posts: 5,699
Thanks: 2125


In Reply To: blacksheep's post @ Jul 17 2017, 12:45 PM

Another partnership - another rise. Up 13.64% - 50c - and no shorts smile.gif

http://www.shortman.com.au/stock?q=fzo

QUOTE
PERTH - 19 JULY 2017
LEADING NEW ZEALAND SCHOOL FILTERING SYSTEM TO BE INTEGRATED
INTO THE FAMILY ZONE ECOSYSTEM
● Family Zone has entered into a partnership with New Zealand’s Linewize
● Linewize is the most chosen filtering platform in New Zealand education
● Agreement to integrate the Linewize platform into the Family Zone ecosystem
● Opens up Family Zone to the parents of 130,000 students using Linewize’s systems,
plus the broader New Zealand market for parental control software

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jul 17 2017, 12:45 PM
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Posts: 5,699
Thanks: 2125


Up 15% this morning on this news.
PERTH - 17 JULY 2017

QUOTE
FAMILY ZONE TO LAUNCH WITH INDONESIA’S NO. 1 TELCO
● Family Zone executes agreement to move to commercial launch with Telkomsel
● This follows Telkomsel’s agreement in Feb 2017 to trial Family Zone services
● Telkomsel is one of the largest mobile providers in the world and is the largest
carrier in Indonesia (and South East Asia) with 165 million subscribers
● Telkomsel is is 35% owned by SingTel
● First Indonesian Cyber Expert, Bijak Online, signed with expansion planned to
additional cyber safety and religiously focused organisations
● Telkomsel commits to a significant marketing investment to launch Family Zone to
its customers in Q3 2017


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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 



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