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This looks to be a real diamond in the rough. Between uplist potential, partnering, buyouts, and sheer growth the ways for this to take the elevator to the top floor are immense. If you have not read the notes from the last conference call I will sum it up for you. Right place right time! A little consolidation over the last week and this is getting ready to move up.
Think about it. The new norm is online transactions. People are moving to an ecommerce system and covid 19 just gave it a huge jolt. Revenues in March up. Revenues in Apri up and beat May. Revenues in May up and beat April. See the theme here. This is beginning to take off. Qtr 3 revenues are looking very good. People are learning how easy #eccomerce can be they will not turn back. SaSS and PaSS services are only going to be growing. Weyl or now known as Logiq is strategically poised and very sexy right now. It is the new Normal of how we do things.
This looks like it may make a run very soon. Huge uptake in volume the last month means someone is taking interest. I have heard others say look for volume to go up about 10x the amount as a sign. This is right in that range.
An Increase in revenues by 30 percent. Way undervalued at 4x times earnings. As I understand most companies in this category trade 20 to 40 times earnings. If they reach value this could get crazy really quick.
Carpe Diem
Weyland getting ahead of the crowd. The A.I. they are implementing will be the new norm for finding customers. I can imagine that information could be really valuable in an ecommerce world.
Many online companies still use third-party data collected from users on other websites to target consumers with ads. But changes to major web browsers are cracking down on third-party data collection and new internet privacy rules are making this practice less viable. In January, Google announced it plans to remove support for third-party cookies by 2022. Chrome, Safari, and Firefox and other browsers will also no longer support this type of data tracking by 2022, with the phase-out heralded as the “death of the third-party cookie.”
Yup, just building steam. Signs were ther. AtoZ growth, Logiq, and Create App killing it. This is the early entry point still.
Any big volume and this looks like it could rip
Create app just keeps rolling. Expansion of footprint makes this more valuable everyday. Just a matter of time before it gets eaten up by a bigger company. No sense in reinventing the wheel when you can just buy one.
Weyland Tech, a leading global provider of eCommerce, mCommerce, and fintech business enablement solutions, has engaged a leading U.S. investment bank, The Benchmark Company, to assist Weyland in the exploration and evaluation of strategic alternatives for enhancing shareholder value.
"Has engaged a leading U.S. investment bank". Sounds like a merger or buyout could be in the making. This is very different language than what Weyland has used in the past. Looks like WEYL is turning that corner . AtoZ increasing services and partnership. Push Interactive exploding revenues. Create app leveraging a niche for itself. All sounds like very good things around the corner.
Wow, that is a massive jump in valuation. 1st Push with awesome growth and now AtoZ going through the roof growth. Wow!
I agree, that is why I referenced this earlier-
Createapp: this is the companies core product and PaaS allows SMB's to create mobile apps for their business without the need of technical knowledge, high investment, or background in writing code.
Many of these European and Asian regions such as Italy and Indonesia are perfect examples of a problem small to medium sized businesses needed fixed.
Create app meets this need in these high demand areas. There are many, many, many more small to medium business owners in the world than huge corporations and they can't afford expensive marketing and ecommerce campaigns. They are excluded from many marketing and ecommerce platforms because the cost is too great.
Weyland with its nucleus platform of CreateApp, Atoz, and Push are able to fill this major gap and meet the large growing demand that is growing in cagr's with its affordable and targeted software.
The projections for ecommerce growth in Italy alone by year 2024 make this a potential monster.
Weyl 47 percent growth over last year. And ecommerce in Italy and Europe is poised to boom. Check it out-
First launched in Southeast Asia, CreateApp has attracted a large following, growing 47 percent over the last year to more than 360,000 business users globally. The launch in Italy followed the company’s entry into Taiwan in association with Line Corp.
According to Statista, Italy has one of the largest e-Commerce markets in Europe, which is expected to grow from $16.7 billion in 2019 to $25.3 billion by 2024. Key factors driving this growth include greater Internet penetration and the increase in the number of mobile users. Mobile shopping has also gathered significant momentum in the country, with nearly 31% of all e-Commerce B2C sales now transacted via mobile.
Createapp: this is the companies core product and PaaS allows SMB's to create mobile apps for their business without the need of technical knowledge, high investment, or background in it.
Many of these European and Asian regions such as Italy and Indonesia are perfect examples of a problem small to medium sized businesses needed fixed.
Create app meets this need in these high demand areas. There are many, many, many more small to medium business owners in the world than huge corporations and they can't afford expensive marketing and ecommerce campaigns. They are excluded from many marketing and ecommerce platforms because the cost is too great.
Weyland with its nucleus platform of CreateApp, Atoz, and Push are able to fill this major gap and meet the large growing demand that is growing in cagr's with its affordable and targeted software.
The projections for ecommerce growth in Italy alone by year 2024 make this a potential monster.
If expanding into South East Asia wasn't enough the company made a bold move to acquire Push Interactive. This strategic move allowed Weyland to expand into the North American market tapping into a whole new list of SMB's with its PaaS system. To start the year off 2020 the company completed acquisition of Push and has been aggresively been taking advantage of this growth.
Since acquiring Push revenue increased 76% to a record $15.0 million. The increase was due to a $3.3 million or 38% increase in subscription revenue generated by the company’s CreateApp B2B mCommerce platform and $3.2 million contributed by its new Push Interactive subsidiary.
I don't about a hundy but I would guess $50 would be a comfy bet at some point.
The way Italy was impacted from covid-19 Weyland is really positioned well for their country to reopen. OH ONE OTHER THING -ITALY HAPPENS TO BE A HUGE ECOMMERCE MARKET. I look for the key acquisition of Push interactive to have much of the same impact in North America with the synergy of Create App has had with the synergy with Medias-com SA.
From the link below-
“With the support of our highly capable regional partners, we have attracted a number of new users, and expect nationwide adoption to steadily increase.”
Eddie Foong, chief product officer of Weyland, commented: “Now more than ever, small businesses in Italy and across the world need to leverage the power of mobile to increase sales, reach more customers, manage logistics and conduct financial transactions in a simple, affordable and highly efficient way. CreateApp does all this and more.”
CreateApp is an ideal solution for any business looking to create a mobile app to promote its product or services. It enables business managers to easily create and deploy native mobile applications without technical knowledge or background.
https://www.globenewswire.com/news-release/2020/06/16/2048779/0/en/Weyland-Tech-s-CreateApp-Deploys-First-Mobile-Apps-for-Small-Businesses-in-Italy-as-Country-Reopens.html
Had to reread, almost missed that they are aligning with a media communications company, Media-Com's SA, a web solutions company, Infomaniak, and an I.T. company, Proteus. Looks like they will capitalize in Italy very well. No wonder they are seeing 47 percent growth.
https://www.globenewswire.com/news-release/2020/06/16/2048779/0/en/Weyland-Tech-s-CreateApp-Deploys-First-Mobile-Apps-for-Small-Businesses-in-Italy-as-Country-Reopens.html
This is exactly what I have been saying. Createapp is giving small and medium sized businesses and business owners the ability to do digital marketing and ecommerce at a very low barrier of entry and affordable price of 25 to 110 Euros a month. The demographic of Italy definitely fits this business model. Creatapp provides the solution many small and medium business owners have been missing to compete in these tough markets.
https://www.globenewswire.com/news-release/2020/06/16/2048779/0/en/Weyland-Tech-s-CreateApp-Deploys-First-Mobile-Apps-for-Small-Businesses-in-Italy-as-Country-Reopens.html
Just as I thought, Covid 19 didn't hurt the business model of AtoZgo. Know what you own isn't pumping. More like proof in the pudding.
Many residents have already been using the AtozPay fintech solution to pay their phone, utility, rent and other personal bills. AtozPay transaction volume was virtually unaffected by COVID-19, with an annualized gross transaction volume on pace at more than $15 million over the last few months.
https://www.marketwatch.com/press-release/weyland-techs-atozgo-expansion-into-residential-jakarta-reaches-500-deliveries-per-day-as-city-begins-to-reopen-2020-06-12-81843125?mod=mw_more_headlines&tesla=y
Boom, good things happening. Definitely making undeniable progress. This sector is getting hot with all the Covid issues going on. Nice!
Wasnt this a video game company a couple years ago. Failed and now writing code for info
AtoZ Pay: this is the companies e-wallet initiative. It is a consumer facing product offering that supports the PaaS strategy developed by the enhancements to the CreateApp platform. This provides payment capabilities to users of the platform. However, AtoZ pay is designed to be a robust, universal payment platform, therefore, its growth is not limited to the PaaS platform.
AtoZ Go: launched in 2019 in Jakarta, Indonesia and became the PaaS platform which provides mobile payment capabilities for the local food delivery service industry. This is especially important as it provides a payment method for consumers since many do not have bank accounts to pay from and in a time when changing physical money is an issue really meets a need.
I imagine a lot of business struggles during the covid time period. Mobile payment systems like AtoZ should be the future of how money is exchanged.
Revenue increased 76% to a record $15.0 million. The increase was due to a $3.3 million or 38% increase in subscription revenue generated by the company’s CreateApp B2B mCommerce platform and $3.2 million contributed by its new Push Interactive subsidiary acquired on January 8, 2020.
Wow, good return in investment in such a short time.
$weyl
I agree, looks like week hands are out and we now are at an impasse. Good news should give this a little spark.
https://www.wsj.com/articles/just-eat-takeaway-com-nears-all-stock-deal-for-grubhub-11591797653?cx_testId=3&cx_testVariant=cx_2&cx_artPos=4#cxrecs_s
It looks like this sector is beginning to heat up. Consolidation of these type of companies is just beginning.
I.M.O.
During 2019 Weyland Tech expanded and made key partnerships that would increase the number of users and merchants available to users of the Company’s products on a PaaS basis.
This includes the continued roll-out of the PaaS platform with strategic partners in various regions as well as introducing additional logistics solutions with PT Royal Express Indonesia.
Furthermore, the company has been working to expand the AtoZPay e-wallet services with there QR Code payment technology which is expanding their marketing effort. The company’s partnership with Finnet should help merchant outlets using AtoZPay QR technology since its launch.
Who is Finnet? Finnet http://www.finnet-indonesia.com/home/en, founded in 2005, is 60% owned by PT. Telekomunikasi Indonesia, the largest provider of telecom services in Indonesia, is currently the largest ‘fixed-line’ provider with over 10 million households and businesses as their clients. This type of partnership allows the Company to expand the AtoPay e-wallet solution to other Greater South East Asia countries.
If expanding into South East Asia wasn't enough the company made a bold move to acquire Push Interactive. This strategic move allowed Weyland to expand into the North American market tapping into a whole new list of SMB's with its PaaS system. To start the year off 2020 the company completed acquisition of Push and has been aggresively been taking advantage of this growth.
Since acquiring Push revenue increased 76% to a record $15.0 million. The increase was due to a $3.3 million or 38% increase in subscription revenue generated by the company’s CreateApp B2B mCommerce platform and $3.2 million contributed by its new Push Interactive subsidiary.
I.M.O. Weyl is continuing to play the long game. I have continued to hold this investment through the downward pressure and will keep my hand on the crust of the pizza. I understand some investors bit into the hot cheese and listened to a nefarious consulting firm that deleted everything they and blamed management for all shortcomings they claimed would happen. I also know that consulting firm inspired investors to jump into other investments which they also convinced investors management was to blame for not following through so I can understand people got the roof of there mouth burned. Weyland is expanding through key partnerships and acquisitions as you can see. Good Luck!
Know what you own!
Weyland is having massive success with the big 3 platforms they have brought to market.
Createapp: this is the companies core product and PaaS allows SMB's to create mobile apps for their business without the need of technical knowledge, high investment, or background in IT.
AtoZ Pay: this is the companies e-wallet initiative. It is a consumer facing product offering that supports the PaaS strategy developed by the enhancements to the CreateApp platform. This provides payment capabilities to users of the platform. However, AtoZ pay is designed to be a robust, universal payment platform, therefore, its growth is not limited to the PaaS platform.
AtoZ Go: launched in 2019 in Jakarta, Indonesia and became the PaaS platform which provides mobile payment capabilities for the local food delivery service industry. This is especially important as it provides a payment method for consumers since many do not have bank accounts to pay from.
All 3 platforms are helping and providing a much needed service for people whom have not had prior access.
I like the way you think.
Create app PaaS for SMB's targets a demographic nobody is going after. There is a huge demand hence the progress Create App has had the past year.
The small shops that can't afford technology are able to step it up big time and create there own apps for android and IOS.
Nope, my friend went there!
When my friend visited Jakarta he was super pumped about the people in charge of AtoZ. Being a tech person himself he raved about how well he thought AtoZ would do.
Fast forward a year and a half....
“The valuations of app-based food delivery services are highly favorable. Whether it’s an Uber Eats or GrubHub, or even similar services in Southeast Asia like GrabFood or Go-Food, the average value per user is pegged at around $330. For AtozGo, this would imply a stand-alone valuation of around $33 million, and that is just as of today. If we hit our goal of 1 million users by year-end, the valuation would come in at 10 times that or nearly $330 million.
The great thing about create app is small struggling businesses are able to afford and grow using it. Weyland fills a voided business gap with an affordable product. Guessing there are more small business owners jumping at the opportunity looking at the growth.
Did I mention Weyland is pursuing expanding mCommerce and mobile fintech solutions, as well as offer Push’s eCommerce products and services globally.
They are expanding at a phenomenal rate.
Acquired the assets and operations of Push Holdings to launch mobile apps in North America leveraging Weyland’s mCommerce and mobile fintech solutions, as well as offer Push’s eCommerce products and services globally.
Partnered with Indosat Ooredoo, Indonesia’s second largest telecom provider, to launch a nationwide marketing campaign for CreateApp in Indonesia.
Launched CreateApp in Taiwan to reach the more than 1.3 million small-and-medium sized businesses (SMBs) across the country and help them easily establish a mobile presence.
Partnered with Medias-Com’S SA, a Swiss company specializing in media and communication in order to launch its CreateApp mobile commerce platform-as-a-service in Italy.
Revenue increased 76% to a record $15.0 million. The increase was due to a $3.3 million or 38% increase in subscription revenue generated by the company’s CreateApp B2B mCommerce platform and $3.2 million contributed by its new Push Interactive subsidiary acquired on January 8, 2020.
What I am telling you is John Mcniel told me there was a group of investors playing the stock for a short squeeze. What he directly told me was they the company was playing the long game. That is why I chose to stay invested because he told me right out of the gate not to play the stock for a short squeeze. Rather look at this as a longer play and the plan was to expand there footprint just as they have done. Jakarta and AtoZ are real and operating on all cylinders. Createapp has taken off, and Push interactive has allowed them to expand into new markets. The data is there to back it up.
This is what John alluded to all along. I am happy with the way the company is progressing. Sure, everyone wants the stock to be higher. The market will correct, investors cant deny the yr on yr growth.
The mistake I made was was putting faith in a certain consulting firm thinking he had investors best interest. That is an entirely different subject and he was pushing for a short squeeze. Weyland is just part of his roadmap. He played the same thing to investors in PLKD which I believe is NXGX now. He did the same story just a different time and scammed good investors. He did it with Weyl and blamed management for messing up. He blamed fngr management, he blamed PLKD management and nobody blamed him. He played the system and investor got hurt. He scammed you and others.
Weyland advisors told me not to invest for a short squeeze. I am telling you what they told me directly. It is that simple. They were honest with me and said if I was invested for the purpose of a short squeeze they did not want to talk to me because they were looking to build company value. Really isn't much more to say about it.
Today the numbers speak for themselves and I am not worried about claims a Consulting firm touted in 2018 as they have fallen off the face of the earth.
Weyland is still here and that Consulting firm vanished. Deleted everything. Makes you wonder why huh.
John Mcniel said there were parties playing a short squeeze but the company was playing the long game. He said that directly to me October 2018 before the imaginary short squeeze. He spoke of the direction they were taking and specifically talked about increasing their footprint in the industry.
Finger pointing and following Dams Consulting hurt a lot of people. So much he deleted all his direct messages about Weyland. I remember he was touting short squeezes for Weyalnd, monumental gains for Finger Motion, and Overstock with another short squeeze.
Point being, I have had several communications with John McNiel and not once did he encourage or suggest there would be a short squeeze.
The growth of Create app, acquisition of Push Interactive, and AtoZgo of Jakarta are real and seriously undervalued. This company is totally different than a couple years ago.
Guessing couple years ago people didn't know what they owned but I know there are a solid number of investors not selling share because they know what they own.
One thing I have learned with investing is get rich schemes just dont work.
I would agree. I like to speak with other individuals in a company to get a feel for the dynamic. Speaking to John just gives me lots of confidence. He is a super guy.
On a side note I had a good friend personally visit the Atoz site in Jakarta. I would consider this individual to be very savvy when it comes to tech. He raved about his experience to me and couldn't say enough good about the people heading up that operation. He felt AtoZ Go was going to be super successful. He liked the business plan and he trusted the people he personally met with there.
I guess this is how the saying goes, "know what you own".
Super excited about the direction this company is headed!
Numbers are numbers and the numbers look very good.
Revenue increased 76% to a record $15.0 million. The increase was due to a $3.3 million or 38% increase in subscription revenue generated by the company’s CreateApp B2B mCommerce platform and $3.2 million contributed by its new Push Interactive subsidiary acquired on January 8, 2020.
They are expanding at a phenomenal rate.
Acquired the assets and operations of Push Holdings to launch mobile apps in North America leveraging Weyland’s mCommerce and mobile fintech solutions, as well as offer Push’s eCommerce products and services globally.
Partnered with Indosat Ooredoo, Indonesia’s second largest telecom provider, to launch a nationwide marketing campaign for CreateApp in Indonesia.
Launched CreateApp in Taiwan to reach the more than 1.3 million small-and-medium sized businesses (SMBs) across the country and help them easily establish a mobile presence.
Partnered with Medias-Com’S SA, a Swiss company specializing in media and communication in order to launch its CreateApp mobile commerce platform-as-a-service in Italy.
Increased adoption of CreateApp mobile app solution for small and medium-sized businesses, which included existing customers subscribing to additional features and modules. The CreateApp user base, comprised of businesses across Southeast Asia, grew to more than 390,000 during the quarter.
Key acquisition was Push Interactive. It has allowed AtoZ and Create App to expand like gang busters. This was a well thought out and key acquisition.
“Key to our acquisition of Push is how it provides brands for which CreateApp can launch mobile Apps globally. Push’s eCommerce platform is also synergistic to our m-Commerce technologies deployed in Indonesia, including AtozGo, our hyper-local, ‘foot-powered’ food delivery service operating in Jakarta.
Keep in mind Weyland owns a large percentage of AtozGo Jakarta and it is doing very well. Here is a snippet about it.
“The valuations of app-based food delivery services are highly favorable. Whether it’s an Uber Eats or GrubHub, or even similar services in Southeast Asia like GrabFood or Go-Food, the average value per user is pegged at around $330. For AtozGo, this would imply a stand-alone valuation of around $33 million, and that is just as of today. If we hit our goal of 1 million users by year-end, the valuation would come in at 10 times that or nearly $330 million.
Weyland has recognized the economic inpact of Covid 19 and they are supporting those customers whom are struggleing. This to me is seen as an investment into the future and a way to tell customers they have there backs. Take a look.
“However, over the near term, with the shutdowns continuing in Southeast Asia due to COVID-19, we’ve begun to see the impact on small businesses in a region that represents virtually all of our current CreateApp customers. Like many subscriber-based businesses are doing these days, we have the flexibility give our distributors, through whom we primarily sell CreateApp, the flexibility to selectively extend CreateApp subscriptions from 30 to 90 days without charge.
“As we all know, once a customer is lost, it is much more difficult to bring them back. So, we believe this is not only good for customers but also for Weyland, as sustaining our customer base is key.
What some see as a price supressed stock, I have a different opinion, is we have the real "Diamond". Everything is starting to fall into place. When I first got into this I spoke to John McNiel. He said at the time a lot of folks were playing Weyl for a short squeeze and he emphasized to me at that point they were playing long ball. Weyland did not want to force a squeeze but expand services through Atoz expansion and key acquisitions such as Push which allowed them to tap into a North American market that was previously unavailable to them. I found John to be very genuine and straight forward as he encouraged me to look at the long term value Weyland was building. I can say he was correct and the growth the company is showing and the proof in the pudding. I feel Weyland is severly undervalued at this point. A company that is dying does not make acquisitions and expansion. Weyland is far from that. I must emphasize Atozgo of Jakarta has the potential to be valued at $330 million by the end of the year alone. That platform is owned by Welyand outside of the Jakarta region so imagine the potential they will have.
Atoz / Push Interactive / Create App just needed a little time to get started. Now they are in growth mode and this company is just getting started. This should prove to be a very exciting year ahead for Weyland. In my opinion Brent is following his vision and executing it on a very high level.
$3,344,602 market cap ÷ $.20 per share = 16,723,010 shares.
Around 65k shares traded between Friday and Monday!
Nice call