Hi gassin, Is that directed at me? Both businesses were acquired...

Hi gassin, Is that directed at me?

Both businesses were acquired as they are high margin / low transparency sectors that the consumer is often ripped off. There is room here for digital disruption due to low cost implementation of websites / databases. They are adding more off-the-plan developers to ibuynew and adding extra services (hotels, car service, insurance) to BYOJet- Check the website out.

ibuynew
Market Ann: Proposed investment in online real estate marketplace iBuyNew.com.au, $459,000 placement and directors exercise options.

"Founded in 2009 by entrepreneur Mark Mendel, IBN connects property buyers with developers of OTP properties with the use of proprietary technology and tools. To date IBN has sold over $170m worth of properties (over 400 properties) across Australia as it allows buyersto instantly compare over 1,500 new apartments, townhouses and house and land packages for sale in Australia. IBN consultants will also assist the buyer up to settlement on the chosen property and on any future purchasing needs."

https://www.ibuynew.com.au/tools-advice/buying-off-the-plan/10-benefits-to-buying-off-the-plan

BYOjet
Market Ann: BYOjet reports third consecutive record sales month in May 2015

"BYOjet Group is a global multichannel travel agency offering the convenience and value of booking online, with a focus on personalised service excellence for its customers. Innovative technologies and a cutting edge global support team fortify the BYOjet Group as an industry leader in online travel, and now one of the largest online travel business in Australia. The BYOjet Group also owns hotel booking websites of the Check-In group, comprising Check-In.com.au and Cheaphotels.com.au, and a customer database in excess of 480,000 members. BYOjet also owns the proprietary JETMAX International platform, a technology that enables offline travel agents to quickly and easily offer a full service branded online travel service to their customers."

BYOJet broke their 3rd consecutive sales record in May and then had a quieter June (off peak in travel).

Ive ran some basic website analytics on the 2 sites homepages to see traffic flow (month on month) which has picked up since the lull in June / July for BYOJet.

I Bought back in recently @2.3c as it looked oversold due to the traffic both of these websites were getting.. and the chart looked to intercept a long term trend line (i dont do TA)

imo this was a good time to enter as im assuming the next quarterly figures will reflect the traffic from the website hits and the market will wake up.