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post Posted: Apr 2 2021, 01:59 PM
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SkyFii Ltd (SKF) , formerly RKS Consolidated Limited, listed on the ASX in November 2014
It is an omnidata intelligence company which is involved in development and commercialisation of data analytics, marketing and advertising services to its customers in Australia, North America, UK & Europe and Internationally. It collects and analyses billions of data points each month from a range of venue types.

well, that is not good enough. I want to see them collecting and analysing billions of data points each hour !

Despite being around for years, there doesn't seem to be positive earnings, though sales are increasing, slightly, most years. Market Cap is $60M. As usual, the best numbers are pushed forward, but it seems to be still tiny. Last Quarter; Operating Revenue $4M, Recurring Revenue $2.8M. Revenue pricing ranges from $50-$10,000 per venue per month (=a lot of hard work).

When a significant element of the most recent Outlook is as follows, I get worried
Continued investment into marketing activities to continue to drive quality leads across all markets

and now, plans: SKF has launched an $8 million placement last week at 16.5 a share, (at a pretty wide discount of 17.5 per cent to its last close and a 21.1 per cent discount to thes 10 day volume weighted average price). The money raised would go towards buying CrowdVision, which has developed a technology to track and pull data on how people use airports, exhibitions centres, large scale resorts and the like.
CrowdVision posted $US3.1 million revenue in calendar year 2020 and the Skyfii deal implied a $US8 million enterprise value.
Skyfii would pay an upfront $US1 million cash consideration, with the rest paid in three months through a mixture of cash and scrip depending on CrowdVision's net debt and net working capital.

"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

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