FDV
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Company News
Market wrap: record high ASX 200 follows on from optimism on rates
Australian shares hit a record high on Friday after rising six days out of seven as global optimism on falling interest rates remained high. The ASX 200 finished Friday up 0.6% at a record 7745.6 points for a weekly gain of 1.3% – the biggest weekly rise for a month – as pundits cautiously predicted […]
Frontier Digital Ventures reveals step change in EBITDA and maiden net profit of $1.3m
Leading online marketplace owner-operator Frontier Digital Ventures (ASX: FDV) has turned in a strong financial performance across its three operating divisions. Releasing its 2023 annual report, Frontier revealed its group statutory revenue for FY23 increased 15% to $67.9 million. The result was driven by organic growth at 360 LATAM (15%), MENA Marketplaces Group (MMG) (7%) […]
Frontier Digital Ventures appoints former Carsales.com executive to drive further growth
Frontier Digital Ventures (ASX: FDV) has appointed highly-regarded former CAR Group (ASX: CAR) – the operator of Carsales.com – executive Anthony Saines as an independent non-executive director. Mr Saines, who will take up his new position on 1 March, was the managing director of commercial at Carsales for 10 years. In that role, he was […]
Frontier Digital Ventures posts fourth consecutive cash flow positive quarter
Leading online marketplace business Frontier Digital Ventures (ASX: FDV) has reported its fourth consecutive quarter of positive operating cash flows. Founder and chief executive officer Shaun Di Gregorio said the December quarter result highlighted the consistent execution of the company’s strategy and the strength of its online marketplaces model, despite the headwinds experienced in the […]
Frontier Digital Ventures is mimicking the Carsales, REA Group, Domain online model in developing countries
In developed countries such as Australia, consumers have been long accustomed to shopping online for big-ticket items such as property and cars. As a result, companies such as Carsales (ASX: CAR), REA Group (ASX: REA) and Domain (ASX: DHG) have become ASX success stories, with multibillion-dollar valuations. These portals have helped erode the previous low […]
Frontier Digital Ventures sells stake in Propzy for profit, funds to be channelled into ‘better performing’ companies
Frontier Digital Ventures (ASX: FDV) has sells its 20% interest in Vietnam online classifieds business Propzy for US$4.7 million – representing a 300% return on its initial investment. The company initially secured its interest in Propzy for US$1.2 million about two-and-a-half years ago. According to Frontier, its rationale for the sale was an anticipated shareholder […]
Frontier Digital Ventures moves to optimise growing asset portfolio and surging revenues
Establishing profitable online businesses in emerging markets has proved to be a challenge for many that have tried. Invest too much, and the responsibility for managing a business in a foreign land with often entirely different cultural values can become overwhelming. Invest too little, and you could forego the strong commercial upside emerging markets offer. […]
