SVT: Update on transaction with The Agency Group
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https://theagencygroup.com.au/wp-content/uploads/2018/03/AU1_Appendix_4C_quarterly.pdf
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The Agency Group (ASX: AU1), which recently changed its name from Ausnet Financial Services Limited, has had a strong first year as a public company and appears poised to close a significant transaction in the near future, with its half yearly report giving an insight into its intentions to take up an option to acquire [...]
The Agency – a company started by ex-McGrath star agents – will become a cash-flow positive business and won't need to turn to the market for funding once its beds down several acquisitions, according to the group's managing director Paul Niardone. Shares in the $11 million listed minnow were placed in a trading halt on [...]
Both residential and commercial estate agents have been hit by a wave of proptech disruption since Purplebricks launched in Australia in late 2016, with The Australian Financial Review calling it the industry's "Uber moment"... read more...