Quantum Blockchain Technologies (QBT)

Sector:

Financials

Index:

FTSE AIM All-Share

 1.68p
   
  • Closing Price Chg:
      0.000p
  • 52 Week High: 3.85
  • 52 Week Low: 1.18
  • Currency: UK Pounds
  • Shares Issued: 997.55m
  • Volume: 0
  • Market Cap: £16.71m

Clear Leisure acquires 20pc of Italy crowdfunding platform ForCrowd

By Josh White

Date: Thursday 03 Oct 2019

LONDON (ShareCast) - (Sharecast News) - Clear Leisure announced the acquisition of a 20% interest in Italy-based equity crowdfunding platform ForCrowd on Thursday, reporting that consideration of £0.19m would be settled by the issue of 54,218,847 new ordinary shares at a price of 0.3482p each.
The AIM-traded firm said that was a 74% premium on the mid-market closing price on 2 October, and less than two-times ForCrowd's next three years average forecast revenues, which the board said compared "very favourably" to a revenue multiple of 5.5x used to value a crowdfunding platform recently admitted to trading on AIM Milan.

As part of the terms of the investment, Clear Leisure would be entitled to a referral fee on all clients and investors it introduced to ForCrowd.

The referral fee would be 1% of the total amount raised for any projects Clear Leisure introduced to ForCrowd, and it added that it would receive an additional 3% of funds invested into a project by an investor introduced by the company.

"The investment in ForCrowd is instrumental to the technology investment strategy of the company since it provides a platform to co-fund Clear Leisure's technology investments while providing immediate returns due to the fee structure in place between ForCrowd and Clear Leisure," said Clear Leisure chairman and chief executive officer Francesco Gardin.

"Moreover, the Company envisages situations where it can convert its fees into equity of a target company, as a route to growing its technology portfolio.

"We believe that the combination of issuing shares at a 74% premium to the current share price combined with a low purchase price multiple, will create a potential added value for our shareholders."

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QBT Market Data

Currency UK Pounds
Share Price 1.68p
Closing Price Change 0.000p
% Change 0.00 %
52 Week High 3.85
52 Week Low 1.18
Volume 0
Shares Issued 997.55m
Market Cap £16.71m

QBT Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
27.12% above the market average27.12% above the market average27.12% above the market average27.12% above the market average27.12% above the market average
4.76% above the sector average4.76% above the sector average4.76% above the sector average4.76% above the sector average4.76% above the sector average
Value
27.12% above the market average27.12% above the market average27.12% above the market average27.12% above the market average27.12% above the market average
4.76% above the sector average4.76% above the sector average4.76% above the sector average4.76% above the sector average4.76% above the sector average
Income Not Available
Growth
53.42% below the market average53.42% below the market average53.42% below the market average53.42% below the market average53.42% below the market average
52.46% below the sector average52.46% below the sector average52.46% below the sector average52.46% below the sector average52.46% below the sector average

QBT Dividends

No dividends found

Trades for --2022

Time Volume / Share Price
0 @ 0.000p

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