Annual Report 2014

Download PDF

Subscribe to Recieve Email Updates

Vertical Tabs

Latitude Consolidated Limited

On 24 March 2015, the Company announced it had entered into a binding terms sheet to acquire Yatango Pty Ltd, a consumer services technology company.

About Yatango

Yatango is a disruptive consumer technology company founded by Chairman & CEO Andy Taylor, who is also a founder of SocietyOne, Australia's first fully compliant and leading peer to peer lender.

Yatango is a customer focused, cloud based software, services and analytics platform that puts the consumer in control of their everyday spending and consumption needs across a range of everyday lifestyle services. Yatango has developed an integrated platform that harnesses the power of loyalty rewards, community, big data and machine learning.

Yatango has to date launched two product verticals:

-       Yatango Mobile is a mobile network provider that puts members in control by allowing them to build their own mobile plan and pay for what they need on a no contract basis; and

-       Yatango Shopping is an e-commerce marketplace that partners with a wide range of sellers to deliver customers better pricing and choice on a wide range of lifestyle products, engineered as a social shopping experience.

Further information on Yatango and its products is availalbe at www.yatango.com.au

 

Michael Malone, Tom Alexander and John Mackay to join Yatango upon completion

Latitude Consolidated Limited is pleased to announce three new appointments to the Board, pending shareholder approval and completion of the transaction to acquire 100% of Yatango; Mr Michael Malone and Mr Tom Alexander as Non-Executive Directors, and Mr John Mackay as the Non-Executive Chairman.

Mr Mackay will join the Board as Non-Executive Chairman. John brings with him extensive experience as a Chairman and CEO of large publically listed companies as well as an intrinsic understanding of business, finance and general management experience.  Mr Mackay was founder, Chairman and CEO of ActewAGL, the first Australian company to bundle telecommunications with multi-utility products and services (electricity and natural gas). In addition, Mr Mackay serves on a number of boards for listed and unlisted companies including Non-Executive Chairman of SpeedCast Ltd. and ASX-listed property developer CIC Australia.

Mr Malone is an Australian telecommunications industry veteran. He brings considerable industry expertise, having founded iiNet and successfully led the company to list on the Australian Stock Exchange in 1999 and grow to a market capitalisation of $1.6bn today. In 2005, Mr Malone was awarded the lifetime achievement award by the Western Australian Information Technology and Telecommunications awards. 

Also joining the Yatango Board as Non-Executive Director is Mr Tom Alexander who founded and led Virgin Mobile in the United Kingdom (UK), the largest telecommunications company in the country. Mr Alexander is highly regarded in the industry and brings un-paralleled global mobile telco market experience with him. Mr Alexander has held CEO positions across three of the most powerful consumer brands in the sector; Everything Everywhere, prior to that Orange and Virgin.

Mr Alexander successfully listed Virgin Mobile in 2004 on the London Stock Exchange and spearheaded the merger of Orange UK with T-Mobile to form Everything Everywhere (EE) in 2010. Tom was also responsible for developing the world’s first SIM banking venture – a partnership between BT Cellnet and Barclaycard.  He is a non-executive director of Ebiquity Plc and has a network of contacts from private equity, major banks and sovereign wealth funds.  

For further information wtihin the full ASX release, click here.

--------------------------------------------------------------

 

Proactive Investors

Did you know crude oil soared 12% for the week?

Crude oil futures settled higher on Friday, with U.S. prices up by nearly 12% for the week as analysts mulled the likelihood of declines in production on the back of overall weakness in oil prices.

October crude jumped 6.3% to finish at US$45.22 a barrel on the New York Mercantile Exchange.

Prices climbed 11.8% for the week, the largest weekly increase since about March 2009, according to FactSet data.

Oil markets saw a spike late in Thursday’s trading session after The Wall Street Journal reported that oil producer Venezuela requested an emergency meeting of the Organization of the Petroleum Exporting Countries in coordination with Russia to stem the oil-price rout.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Gold ends the week on a high

Gold futures settled higher on Friday but suffered a 2.2% loss for the week, their biggest weekly decline since the week ended July 24.

The U.S. dollar strengthened this week, putting pressure on the metal as the market weighed prospects for an interest-rate hike this year by the Federal Reserve.

December gold climbed 1% for the session to settle at US$1,134 an ounce on the Comex after declines over the past four sessions.

Data on Friday showed U.S. consumer spending picked up a bit in July, offering further evidence of strength in the economy that could keep the door open to a Federal Reserve interest rate rise this year.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

88 Energy tops Friday’s most active with 81 million shares traded

Friday’s leading volume stocks on the ASX.

NameCodeLastChangeVolume
88 Energy ASX:88E $0.011 0% 81,756,428
Apn News & Media ASX:APN $0.51 -1% 57,443,469
Telstra Corporation ASX:TLS $5.82 -1.4% 42,382,882
Pilot Energy ASX:PGY $0.001 0% 36,023,742
Fortescue Metals Grp ASX:FMG $1.90 6.1% 35,186,949
South32 Limited ASX:S32 $1.545 3.7% 25,962,531
Atlas Iron ASX:AGO $0.026 23.8% 20,555,661
Bhp Billiton ASX:BHP $25.49 5.9% 20,000,386
Chapmans Limited ASX:CHP $0.003 0% 19,327,413
Mirvac Group ASX:MGR $1.765 -0.6% 18,349,386

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Winchester Energy recovers oil from Texas well

Winchester Energy (ASX:WEL) has recovered oil from the White Hat 21#1 well in Nolan County, Texas, which is located just 2 kilometres northeast of the White Hat 20#1 discovery well.

Operator Carl E Gungoll Exploration LLC recovered 106 barrels of oil and 40 barrels of water while swabbing a 4.6 metre perforated zone.

Oil flowed intermittently between swab runs and the oil/water ratio was increasing.

The operator has ordered production equipment for the well and will set a removable casing plug and move up the casing to perforate and test a second interval in the Ellenburger Formation.

Winchester has a 50% working interest in the White Hat 21#1 well along with a 50% working interest in the surrounding 40 acre drilling unit.

It also has a 75% working interest in the 7,378 acres which surround and adjoin the White Hat 20#1 well.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Kingston Resources raising $1.3M to fund IOCG drilling in South Australia

Kingston Resources (ASX:KSN) is raising up to $1.31 million to fund its drilling programs targeting iron oxide copper gold (IOCG) mineralisation in South Australia.

The company has raised $360,000 through a placement of 21.2 million shares priced at $0.017 to sophisticated investors.

It will also offer existing shareholders a non-renounceable one-for-three rights issue to raised up to $952,000.

Both the placement and rights issue include one free attaching option exercisable at $0.03 and expiring on 30th June 2019 for every three shares subscribed.

This replaces the company’s previous four-for-five rights issue priced at $0.02 to raise about $3.45 million.

Proceeds will be used for the company’s drill programs.

This includes the Six Mile Hill copper-gold project, where the company is drilling the first hole of its multi-hole drilling campaign targeting IOCG mineralisation.

Six Mile Hill is located on the eastern margin of the highly prospective and prolific Gawler Craton, which hosts the world-class Olympic Dam IOCG mining operation and the Carrapeteena and Prominent Hill deposits.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Potash Minerals to update on Buddy Platform acquisition

Potash Minerals (ASX:POK) is in the process of acquiring US-based Internet of Things (IoT) data platform, Buddy Platform, Inc.
   
The company is now in an ASX trading halt in relation to the completion of due diligence on the acquisition.

This will last until the earlier of the announcement being made or the start of trade on Tuesday, 1st September 2015.

Buddy takes the data generated by devices connected to the internet and secures it, manages it, then makes it useful.

To highlight the massive growth, Cisco estimates by 2020 that there’ll be over 50 billion devices connected to the internet.

Buddy offers functionality as software as a service – sold to organizations that manufacture or manage devices which generate data, but which are not equipped to manage, secure or access this volume of data.

Buddy operates a global technology platform to meet customers’ IoT data sovereignty needs with infrastructure located in the US, EU, China and soon, Australia.

Early investors include US west coast VCs, Microsoft Corporation and AF Square, the venture division of prominent Los Angeles entertainment and artist management company, Atom Factory.

Potash had $1.07 million in cash as at 30th June 2015.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Quickflix, Anaeco top ASX % Gainers at midday

Friday’s leading ASX % Gainers at midday.

NameCodeLastChangeVolume
AnaeCo Limited ASX:ANQ $0.002 100% 500,000
Quickflix Limited ASX:QFX $0.002 100% 166,667
Sihayo Gold ASX:SIH $0.008 60% 475,000
Goldphyre Resources ASX:GPH $0.11 44.7% 2,013,111
Orion Gold ASX:ORN $0.025 38.9% 100,000
Delta SBD Limited ASX:DSB $0.075 33.9% 50,000
Walkabout Resources ASX:WKT $0.004 33.3% 1,300,000
Stavely Minerals ASX:SVY $0.25 31.6% 6,063
YPB Group ASX:YPB $0.26 30% 151,211
Naracoota Resources ASX:NRR $0.065 27.5% 1,035,628

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Living Cell Technologies in grant receipt for regenerative treatment

Living Cell Technologies (ASX:LCT, OTCQX:LVCLY) is poised to receive an estimated $2 million Callaghan Innovation R&D Growth Grant to accelerate development of its NTCELL regenerative treatment for Parkinson’s disease.

The amount received will reimburse the company for 20% of actual eligible New Zealand research and development expenditure over the next three years.

In its grant application, it committed to:

- Conduct a confirmatory clinical trial to support its application for provisional consent from Medsafe to market NTCELL in New Zealand;
- Transfer production of NTCELL to an automated process so that commercial sales demand can be met; and
- Carry out additional research into the mechanism of action of NTCELL, and research into further indications for NTCELL and other cell therapies to identify other potential pipeline products for the future.   

Living Cell has finalised and submitted for approval the protocol for the Phase IIb study, which will define the most effective dose.

The company had $5.1 million in cash as at 30th June 2015.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

Torian Resources adds further ground, drilling to commence in Zuleika project

Torian Resources (ASX:TNR) can lay claim as one of the largest landholders in the prolific gold producing Zuleika region of Western Australia.

A new area at Mt Pleasant North has been added to the Zuleika JV with Cascade Resources that is west of Zijin’s Paddington Mine.

It is also close to several major gold deposits including Northern Star Resources (ASX:NSR), Tribune Resources and Rand Mining’s EKJV at Kundana of 7 million ounces.

Previous exploration in this area has not been effusive with most previous drilling not lower than 20-50 metres.

Torian will commence approximately 15,000 metres of drilling to test a 5 kilometres strike length of the Zuleika Shear at its Zuleika JV Project.

Which could prove very interesting as historic drilling was not only limited but tended to be wide spaced with little follow up work on intersections.

Investors won't have long to wait as first assay results are expected in September 2015.

 


Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.