In addition, SEEK is the only Internet Search Company to my knowledge that has a website for every city with over 20,000 population,roughly 1580 websites.All the sites begin with "Hello" E.G-http: HelloMiami.com, HelloHongKong.com http://HelloManhattan.com, http://HelloLasVegas.com, http://HelloParis.com etc.
Yep,that's right everyone should check the city they live...Hello(yourcity) and then .com
Just think of the massive value that will be unlocked once SEEK is done with revamping and monetizing of these websites.
In the last few years, many large companies have realized the growing power of the internet, wireless technologies and the use of mobile devices to generate higher revenues and profits. This has resulted in significant and substantial amounts of capital being raised and expended to acquire these companies and wireless mobile communication technologies.
On June 19, 2013, Yahoo! Inc., acquired "Tumblr," an internet blog posting website for $1.10 billion. Tumblr was started in 2007, and generated $13 million in revenues in 2012, and $13 million in the first quarter of 2013. According to Yahoo's Form 10-Q Report for June 30, 2013, the $1.10 billion acquisition, included $113 million in liabilities, for a net purchase price of $990.2 million. The acquisition price of $1.10 billion was 84 times Tumblr's $13 million in revenues for 2012.
In August 2012, Facebook Inc. acquired Instagram, a mobile phone-based photo-sharing service. Instagram was started in October of 2012, had 16 employees and reported no revenue at the time of the closing of the transaction. According to Facebook's Form 10-K Annual Report for December 31, 2012, the purchase price of $521 million included $433 million allocated to "goodwill."
The market for TheDirectory.com products and services is huge, worth many billions a year, we all know that. Change at the top has been happening, all be it slowly, it's still happening. With the recent growth in mobile, video and Internet search in general, the 150 year old multi-billion dollar a year yellow page business model has essentially collapsed and been replaced. During this process the mobile/video space in particular has become highly fragmented. Opportunity in just the mobile space alone is huge right now. Mobile and Video search will be the future of TheDirectory.com.
TheDirectory.com may not obtain a price $500 million to $1.10 billion range as in the case of the acquisitions of Tumblr and Instagram; however it does give an indication of the kinds of prices these firms are willing to pay to acquire companies with revolutionary products, even
So far SEEK has already received 2 buyout offers and SEEK rejected both. These offers were when SEEK had far less assets.
Several weeks ago CEO said, We've hired Gibraltar Advisors to assist us in structuring a roll-up strategy and to communicate our value proposition to Wall Street banks and to potential acquisition candidates. Gibraltar brings over 100 years of collective market knowledge and experience to the table."
Gallagher continued, "We've already identified several potential acquisition opportunities that would grow our top line in the millions while being immediately accretive to earnings.
We've been very impressed by the quality of the firms Gibraltar has already introduced us to in regards to acquisition financing.
Gibraltar advisors Managing Partner Jon Doukas stated: "TheDirectory.com has all the necessary ingredients to become a major player in this space in a short period of time."
Many eyes are on SEEK. And the National Media Campaign to reach 100 million consumers SEEK is about to launch will create a tremendous amount of interest.
Many more bigger internet players will flocking with buyout offers soon.
EVERY SEARCH ENGINE IN HISTORY HAS MADE EARLY INVESTORS RICH
5 CENTS TO 10 CENTS COMING WITH (SEEK)-$$$$$$$$$$$$$$$$$$
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