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#Acquisition & Capital Raise Hi
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Added 7 months ago

MPA Acqusitions

·      February 2022 acquires Pet Chemist Online $25m, Pet Chemist Online is Australia’s leading online supplier of pet medication and premium healthcare2 products, through the website petchemist.com.au. Pet Chemist Online provides an online marketplace through which customers can purchase parasite control, veterinary diets, and pet health care products and it facilitates the supply of prescription medication. https://announcements.asx.com.au/asxpdf/20220223/pdf/4568q1kg79hy5k.pdf

·      June 2021 acquires Waggly Club $2m, Launched by founder Kate Herbert in 2016, Waggly Club provides dog owners with monthly subscription boxes ranging from $45 - $52 per month of Australian made, chemical free and healthy dog treats as well as toys which are tailored to the dog’s age, chewing needs and size. https://announcements.asx.com.au/asxpdf/20210608/pdf/44x67t93v1jrty.pdf

Capital Raise

·      February 2024 secures $1.25m cash investment from Seven West Media (plus equivalent of $4m in advertising) https://announcements.asx.com.au/asxpdf/20240216/pdf/060gm84sjpv2jz.pdf

·      March 2023 Raised $3.6m, $3m placement, $0.6m being $0.3m from SPP and a further $0.3m by placement of the shortfall of the SPP at $0.13 per share.

·      February 2022 Raised $6.0655M, $5.65m Placement, $465,500 SPP at $0.18 per share

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#Management Ownership
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Last edited 7 months ago

Inside Ownership                   Ordinary Shares    %MPA Issued         Net Value at $0.10

Justus Hammer                       9,397,605                    2.32%                          $892,772

Jan Pacas                                 8,114,051                    2.01%                          $770,835

Mike Hill                                  3,180,795                    0.79%                          $302,176

Josh May                                 1,041,981                    0.26%                          $98,988

Vicki Aristidopoulos                1,044,328                    0.26%                          $99,211

Howard Humphreys               35,304,348                  8.73%                          $3,353,913

Total                                        58,083,108                  14.36%                        $5,517,895

*Note not included unlisted Options

Note: Seven West Media own 43,750,000 shares or 10.82%.

https://announcements.asx.com.au/asxpdf/20240216/pdf/060gm84sjpv2jz.pdf

Management

Justus Hammer -Group CEO, Executive Director & Co-founder

15 years of retail and e-Commerce experience, specialising in online marketplaces, business processes, fund raising and start-up investing. Advisor and early investor to Airtasker, Advisor to VICE Golf. Previously Advisor to Docbook, Non-Executive Director to Tempurer and CMO of Mint Wireless Previously co-founded and successfully exited Spreets.

Jan Pacas -Chairman & Co-founder

15+ years of experience in both large multinational corporations as CEO leading up to $1 Billion dollar businesses and founder of 2 digital technology companies. Currently founder of All G Foods a food tech company.

Mike Hill -Director

Mike is a co founder of Bombora Group, a pre IPO and listed equities boutique growth investor based in Sydney. He was a former Operational Partner of Ironbridge from 2004 to 2014, a private equity firm with $1.5bn funds under management. Prior to this, he was a Partner at Ernst & Young. Mike is currently on a number ASX and non ASX board’s including Chair of Janison Education Group (ASX: JAN), Pacific Knowledge Systems Limited (ASX: PKS), Design Milk Co Ltd (ASX: DMC), Orbx Limited, and Mobecom Limited.

Josh May -Director

Josh is a Chartered Accountant with over 30 years of international business experience across corporate advisory, corporate governance, capital markets, private equity and venture capital. Experienced ASX Director, holding roles including Non-Executive Director and Chair of Audit & Risk Committee. Currently also serving on the board of privately owned fintech IPSI.

Vicki Aristidopoulos - Non-Executive Director

20 years in executive roles specialising in Marketing, Brand and Communications in e-commerce, retail and media. Previous roles include CMO at Afterpay, Group Director at NewsCorp, CMO at Fairfax Media, Head of Brand and Media at CommSec and FOXTEL. Vicki currently also sits on the boards as Non-Executive Director of ASX:JAN Janison Education and Wilsons Advisory.

Howard Humphreys - Executive Director

Howard founded Pet chemist in 2016, in addition he has owned and operated vet clinics for 7+ years and has deep veterinary and pet market expertise. Prior to this Howard has over 5 years’ experience within investment research and corporate finance with Martin Place Securities and Seismic Research.

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#Positive EBITDA
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Added one year ago
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#Tracking well for breakeven ne
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Added one year ago

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#Cap Raise
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Added 2 years ago

[Held IRL]

Details are now public. 13c per new share; $3M institutional placement, max $1M non underwritten SPP (up to $30k per holder subject to scaling back to hit $1M max). ~10% dilution if SPP is taken up in full.

I took a small starter position at 12.5c after the release of FY22 full year results and have been pretty impressed with how they're travelling. They're expecting to be EBITDA positive by the middle of this year and other fundamental metrics look pretty good to me.

Other action in this space also suggests industry expectations are positive more broadly e.g. Woolworths taking a significant stake in PETstock last year.

At this stage, I intend to participate in the raise and think the market price reaction post cap raise announcement is back to a pretty attractive entry point for the more risk tolerant among us.

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#Cap Raise
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Added 2 years ago

Madpaws on Trading Halt for a potential Cap Raise. Not the worst of times for them to do this considering the stock is up 33% from its lows. Not the best of times either in the current climate, so I wonder what the deal will look like. Monitoring them in the next few quarters will become even more interesting as they appear to be on a pretty good run.

I commented on them in my last newsletter;

https://goforgrowthco.substack.com/

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#Looking to break even mid2023
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Added 2 years ago

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