GetSwift Ltd

GSW Details

Signed Exclusive Partnership with Johnny Rockets: GetSwift Ltd (ASX: GSW) has signed an exclusive multi-year agreement with Johnny Rockets, to deploy the platform in the Middle East and beyond, across its portfolio of companies. GSW expects that the agreement will position the company as an emerging leader in previously untapped markets such as the Middle East and beyond, once this channel is fully implemented. Further, GSW expects to transform the delivery services across the territories as the company works with its international partners. GSW’s indicative estimates are for a transaction yield in excess of millions of deliveries per year after the complete adoption and utilization. Moreover, GSW has exceeded 375,000 deliveries per month, so the company has met this milestone ahead of projected timelines, which is the second of its performance milestones documented as part of its IPO and prospectus. Meanwhile, GSW stock has risen 270% in the last six months as on October 25, 2017 and fell 3.5% on October 26, 2017. Based on the foregoing, we give a “Hold” recommendation on the stock at the current price of $2.50

iSentia Group Ltd

ISD Details

Soft trading update for the first quarter of FY18: iSentia Group Ltd (ASX: ISD), an intelligence and data technology company, saw a stock slump of 40.9% on October 26, 2017 after the company released the first quarter FY18 trading update. ISD has announced that it will exit its King Content business owing to underperformance. The process of exiting the business is expected to be completed by the end of the year 2017. The group has also reached the settlement in relation to the Meltwater court case. Moreover, ISD in the first quarter of FY 18 has reported for mixed trading conditions with higher levels of customer churn impacting the company in terms of its revenue, which is down on a mid-single-digit percentage basis compared to the prior corresponding period. However, the revenue trend has slightly stabilized from the fourth quarter of FY17 into the first quarter of FY18. Due to the weak trading in the first quarter of FY18, management’s FY18 projection for revenue is now between $133 million and $138 million and EBITDA is expected to be in the range of $32 million and $36 million against revenue of $155.1 million and EBITDA of $41 million of FY17. Until the group is able to rebuild the lost confidence, we put a “Hold” recommendation on the stock at the current price of $1.05

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