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Justin Rosenberg

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B Comm CA (majors in Accounting and Finance) * 4 years as Director of ASX-listed LGO. 2 years as Chairman, 2 years to present as Managing Director. * 3 years in Corporate Finance at Gleneagle Securities. * 10 years at Claymore Capital - raising capital for listed and unlisted companies, due diligences, monitoring * 5 years at Arthur Andersen - risk management, internal & external audit Specialties: Sourcing capital and/or Partnering with businesses with growth potential. We continuously identify and evaluate business growth interventions with maximum ROI. We are always happy to review investment opportunities, business solutions and partnership/consulting opportunities. Recent deals include placements in BIG.AX (up 40x in 2 years), ELS.AX (up 7x since IPO 7 months ago), THC.AX (up 5x since IPO 7 months ago). Always keen to meet investors and fast-growing companies.
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Recent Posts

Banxa Q3 Financials - TTV up 93% for the qtr to $205m!

Posted by Justin Rosenberg on 27-May-2021 04:35:45
 Further to our blog post in Jan 2021 regarding our investment in Banxa in its IPO at CAD $1, we're very pleased Banxa announced today the following Q3 results. Banxa's share price flew from $1 to $8 within 3 months of its listing. Banxa took the opportunity to raise another CAD$15m at CAD$4 four months after listing. The recent crypto correction brought Banxa down to $4, presenting an attractive entry opportunity for those who didn't get enough in the placement. Please contact me if you would like a seamless way to trade any of the Canadian exchanges.
 
Please feel free to attend the Zoom Investor Presentation tomorrow at 6.30 am AEST, details below.
 
For further background, here is an article written about Banxa today.
 
And here is the latest research report with a $15 target price.
 
---------- Forwarded message ---------
From: Banxa Holdings Inc. <investor@banxa.com>
Date: Wed, May 26, 2021 at 10:43 AM
Subject: BANXA Reports March Quarter Financial Results, Maiden Adjusted EBITDA and Record-setting Revenue

Canada NewsWire

BANXA Reports March Quarter Financial Results, Maiden Adjusted EBITDA and Record-setting Revenue

Highlights:

  • Total Transaction Value (TTV) of $396m for the nine months ended March 31, 2021 , an increase of 1,470% from $25m for the same period in 2020

  • Revenue of $21m for the three months ended March 31, 2021 , an increase of 1,479% from $1.3mfor the same period in 2020

  • Adjusted EBITDA Profit increased to $1m for the three months ended March 31 2021, up from Adjusted EBITDA Loss of $480,170 for the same period in 2020

  • March 2021 Quarter TTV of $205m , an increase of 93% from $107m from the prior quarter

  • Over $25m in cash and cash equivalents based on today's date.

TORONTO and MELBOURNE , May 26, 2021 /CNW/ - BANXA Holdings Inc (TSXV: BNXA) (OTCQX: BNXAF) (FSE: AC00) ("BANXA" or "The Company") a Payment Service Provider (PSP) focused on providing clients safe, compliant access to the digital assets market, is pleased to announce it has recorded its maiden adjusted EBITDA profit since listing. The Company anticipates continued revenue growth and recognizes that in volatile markets, increased interest in cryptocurrencies from both individuals and institutions, confirms the resilience of the Company's business model, growing transaction volumes as crypto currencies rise and fall.

Banxa had its initial public listing on January 6, 2021 , and is the only Payment Service Provider (PSP) serving the digital asset industry that is publicly traded anywhere in the world.

Founder & Chairman Domenic Carosa stated, "I am pleased to see the financial performance of the business improving across all key metrics. I am confident that moving forward we will continue to demonstrate to our loyal stakeholders that we are steadfast in our mission to build the bridge between the existing financial systems and the emerging, expanding digital asset world."

Banxa CEO Holger Arians said "We are very happy to announce these results. Over the previous three months we have been focused on improving the service and experience for our customers and expanding our capacity to service the rapidly growing demand. The industry is maturing, with greater infrastructure and interest. Our aim is to be at the forefront of this new stage of development."

The Company is also announcing a Zoom Investor Event on Thursday, May 27 at 4:30 ET detail below

Topic: Banxa Investor Call
Time: May 27, 2021 04:30 ET

Join Zoom Meeting
https://us02web.zoom.us/j/85058227028?pwd=WGFOaWVNbCsvV1RaY3VlcEZIeDN4UT09

Meeting ID: 850 5822 7028
Passcode: 038456
One tap mobile
+16465588656,,85058227028#,,,,*038456# US ( New York )
+16699009128,,85058227028#,,,,*038456# US (San Jose)

Meeting ID: 850 5822 7028
Passcode: 038456
Find your local number: https://us02web.zoom.us/u/kek0pQHOvA

Summary of financial results

  • Revenue for the three months ended March 31, 2021 , was AUD $21.0 M compared with AUD $1.3 Mfor the same period in 2020, an increase of 1,479%. Revenue for the nine months ended March 31, 2021 , was AUD $ 28.4 M compared with AUD $4.6 M for the same period in 2020, an increase of 512%.
  • Gross profit for the three months ended March 31, 2021 , was AUD $6.0 M compared with AUD $0.8 M for the same period in 2020, an increase of 686%. Gross profit for the nine-months ended March 31, 2021 , was AUD $ 8.2 M compared with AUD $1.5 for the same period in 2020, an increase of 454%.
  • Adjusted earnings before interest, taxes, depreciation and amortization for the three months endedMarch 31, 2021 , totalled AUD $1 M compared with a negative EBITDA of AUD $0.5 M for the same period in 2020.
  • Net loss for three months ended March 31, 2021 totalled AUD $1.4 M compared with net loss of AUD $0.6 M for the same period in 2020. Net loss for nine months ended March 31, 2021 , was AUD$2.3 M , compared with net loss of AUD $2.5 M for the same period in 2020.

Adjusted EBITDA is a non-IFRS financial measure that we calculate as net income (loss) before tax excluding depreciation and amortization expense, share based expense, unrealized gain on inventory, finance expense and listing expense. Adjusted EBITDA is used by management to understand and evaluate the performance and trends of the Company's operations. The following table shows a reconciliation of adjusted EBITDA to net income (loss) before tax, the most comparable IFRS financial measure, for the three and nine months ended 31 March 2021 and 2020:

   
 

Nine months ended

31 March 2021

Nine months ended
31 March 2020

Three months ended
31 March 2021

Three months ended
31 March 2020

Loss before tax

$(1,079,542)

$(2,173,576)

$(171,497)

$(635,039)

Depreciation and amortization

25,418

464,608

9,243

154,869

Share based expense

1,218,501

-

1,117,860

-

Gain on fair value of inventory

(2,744,986)

-

(380,364)

-

Finance expense

580,826

-

399,123

-

Listing expense

2,690,513

-

-

-

Adjusted EBITDA

690,730

(1,708,968)

974,365

(480,170)

   

Click here for the full announcement.

ON BEHALF OF THE BOARD OF DIRECTORS

Per:  "DOMENIC CAROSA"
Domenic Carosa
Chairman (1-888-218-6863)

About BANXA

BANXA - Banxa Holdings Inc. (TSX-V:BNXA/OTCQX:BNXAF/FSE:AC00) is a Payment Service Provider (PSP) with a mission to build the bridge between traditional financial systems, regulation and the digital asset space. Our goal is to onboard the general public to digital currency by building a fully compliant payment infrastructure that enables simple and secure conversion of fiat currency to digital currency (eg. USD/CAD to BTC/ETH). Banxa has offices in Australia , the Netherlands and Lithuania . For further information go to www.banxa.com

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Topics: Technology, microcap, Bitcoin, TSX

MKR Research Report - 0321

Posted by Justin Rosenberg on 24-Mar-2021 14:52:01

We're pleased to provide the updated research report for Manuka Resources (ASX: MKR) with a valuation of $0.99.  As MKR is currently trading at 38.5c, this valuation represents a target return of 157% within 12 months.

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Topics: Gold Small Caps Investment Trading, Gold, Recommendations, Mining, Announcement

Banxa (TSX.v: BNXA) up 92% on day 1 of IPO today

Posted by Justin Rosenberg on 07-Jan-2021 17:31:21
 
We're very proud to have co-cornerstoned the IPO raise of Banxa (TSX-V:”BNXA”) and, personally, nice to be included in the Chairman's list below. Congratulations to the company, up 92% on day 1! Wonderful for me to follow it that much more closely, from my new digs in Toronto! We look forward to continued progress! 
 
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Topics: Technology, microcap, Bitcoin, TSX

MKR Quarterly Sep 20

Posted by Justin Rosenberg on 30-Oct-2020 05:15:01

We're pleased to provide the MKR update just received from Claymore Capital, adviser to MKR since its inception. With Gleneagle's clients having invested in the pre-IPO (15c) and the IPO (20c), we remain excited about MKR's prospects. Please also:

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Topics: Gold Small Caps Investment Trading, Gold, Recommendations, Mining, Announcement

MKR article in AFR, up 75% within 2 weeks of IPO

Posted by Justin Rosenberg on 28-Jul-2020 12:19:00

Manuka Resources Ltd (ASX: MKR), which we helped IPO at 20c and is now 35c - up 75% since the IPO 2 weeks ago.

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Topics: microcap, Gold, Recommendations, Mining

MKR IPO's this morning 30% above IPO!

Posted by Justin Rosenberg on 14-Jul-2020 13:11:01

We're pleased to announce that a Gleneagle "House" stock, Manuka Resources Ltd (ASX: MKR) commenced trading on the ASX at 10.30 am this morning. It's current price is 26c (v IPO price of 20c). Gleneagle funded the pre-IPO and a significant part of the $7m IPO.

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Topics: microcap, Gold, Recommendations, Mining

APV Launches JARVIS an AI-based Facebook Advertising Agent

Posted by Justin Rosenberg on 22-Jun-2020 14:32:45

We're pleased to advise that leading SMB SaaS platform, AppsVillage (ASX: APV), announced on 18 June 2020 the launch of its new software platform, named JARVIS, built to serve as a virtual marketing manager for SMBs to build intelligent online advertising campaigns. The artificial intelligence algorithm draws on the SMB’s Facebook pages data to learn about the product or service and construct a Facebook promotion campaign that will yield the best customer reach, call to action and user conversion results for millions of SMBs at once.

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Topics: Technology, Israel, microcap, Announcement

AppsVillage Australia Ltd (ASX: APV) webinar today re exceeding their revenue guidance

Posted by Justin Rosenberg on 02-Apr-2020 12:35:42

We're pleased to share AppsVillage Australia Ltd (ASX: APV) APV's announcement today regarding exceeding their revenue guidance for Q1 2020 despite the impacts of COVID-19 and to invite you to watch their inaugural webinar starting in just over an hour.

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Topics: Technology, Israel, microcap, Boardroom Presentation, Announcement

ASX Announcement: Elsight Ltd (ELS) finally despatches samples of its flagship product to customers

Posted by Justin Rosenberg on 27-Nov-2019 16:57:28

We're pleased to forward Elsight Ltd's (ASX: ELS) announcement yesterday that Halo is finally ready for commercial deployment, with 90 units en route to a select group of strategic customers.

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Topics: Technology, Israel, Announcement, Elsight

Elsight Ltd (ASX: ELS): First order of flagship product (Halo)

Posted by Justin Rosenberg on 30-Oct-2019 10:21:37

We're pleased to share with you this morning's announcement that Elsight has received its first order for Halo. Halo will be released to several large qualified organisations in December 2019. But Elsight is excited to have received this order from Airobotics. Airobotics is the world's leading unmanned drone operator and this order is great validation and an excellent precursor to Halo's imminent launch.

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Topics: Technology, Israel, microcap, Announcement, Elsight