Has anyone taken a look at this?
Here's a company presentation.
http://www.asx.com.au/asxpdf/20141017/pdf/42syxh2h8hjs75.pdf
Here's an article about them.
http://www.afr.com/p/opinion/intermet_seeks_to_raise_for_backdoor_hA0Km5FGkYin1gFc2rEhWP
I think it's an interesting concept and think using this type of recruitment could definitely produce better outcomes in some situations. But I am not sure if 1PG actually has any solid defensible IP to speak of. I am also wondering if the platform may be subjected to workaround... e.g. cheating, plagiarising etc
Thoughts?
P.S. These fancy ASX codes starting with a number is catching on... 1PG, 3PL, 8CO, Unfortunately they don't work well with IRESS streaming data :bad:
I would say it's not really patentable to any real degree - anybody could come up with something extremely similar (but different enough).
These types of assessments already exist (I've just been going through them for my graduate position applications) - I haven't come across this company, but will have a look and get back to you. It's definitely interesting, scaleable, good margins, growth industry etc if it gets going.
P.S. Was your recent job application done using some cloud-based platform? Or are you referring to a business-challenge type recruitment process.
I really like the concept of setting a job application as a challenge (I guess it used to be done in interviews), but I agree it's hard to see how everyone else can't copy it.
I'm a bit confused. Do these guys plan to be closer to LinkedIn or SEK in terms of how do they get eyeballs looking at job ads?
May be like those "Second Life" recruiting events back in the days...
One crazy stock that has been running hot again.
Up 17% currently.
I definitely wish that I just took a small speculative stake back in Oct last year!
It's only a 15 bagger from there
Having said that that I would have sold it many times over. There business concept is sound but the revenue isn't showing yet.
Cash keeps burning (5m/q now) and revenue keeps coming in. Oh wait. What revenue?
Good thing they raised cash @ $4.50!
1-Page Limited (ASX:1PG) (“1-Page” or the “Company”), the enterprise cloud-based
talent acquisition platform is pleased to provide a market update to shareholders.
The Company confirms that there has been no material change to its business.
New bookings were light in the first quarter given the Company’s decision to focus on customer
success and upgrading the Sourcing Solution, particularly during a seasonally weak period from a
recruiting perspective. New bookings at the end of 30 April 2016 totaled A$762,944, compared to new
bookings of A$36,960 in Q1 2015. The Company added a total of nine new enterprise clients and had
two upsells in Q1 2016.
The 2 year chart is remarkable - a big triangle. Lesson for anyone starting - this happens a lot in the small company sector. Not usually quite so triangular, but most end up back where they started... eventually. Quite a few re-emerge with more investor backing, a new hole or product and the climb/fall starts again.
If 1-Page has proven better at getting money from Australian investors than from customers, it should come as no surprise. “Since incorporating in December 2011,” says the company in a recent presentation, “1-Page’s activities have principally involved raising money.”
Yes most small caps are more 2-month "kangaroo tail" sort of chart. The fact that 1PG managed a pretty slow decline is probably testimony to how "interesting" the story was. It's showing that it's not much more than just that though.
It's a great shame that there was no borrow available in this name, even when it was >$3.50 and with market cap close to $1B.
And to the brokers who gold the capital raising away @ $4.50. You are definitely going places!!
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