Financials
Assetora Limited (AOH)
Assetora Limited, which became PropTech Group (PTG) before its acquisition, was a provider of real estate software-as-a-service (SaaS) products to agencies in Australia and New Zealand. Its core offerings included customer relationship management (CRM) platforms like VaultRE and Eagle Software, designed to manage sales pipelines and property management workflows. The company's strategy focused on consolidating the prop-tech market and generating high-margin, recurring subscription revenue.
Market Cap
A$-1
Shares on Issue
N/A
Price Chart
AI Analysis
Prior to its delisting from the ASX in May 2023 following a takeover by MRI Software, PropTech Group held a significant market share in the ANZ real estate CRM space. The company consistently reported strong growth in annual recurring revenue (ARR) and operating cash flow, driven by both organic client acquisition and strategic acquisitions of smaller competitors. As a growth-focused tech company, it operated with a high-cost base, reinvesting heavily in product development and sales, which often impacted statutory profitability.
The company's strategic direction was centered on becoming the dominant real estate software ecosystem in the region, cross-selling additional services to its large, captive client base. This clear growth path and strong market position were the primary catalysts that attracted the successful acquisition offer from US-based MRI Software. As the company is now delisted, its future growth is integrated within its new parent company, and it no longer has an independent strategic direction as a publicly-traded entity.
Bull Case
- • Established a dominant market position in the Australian real estate CRM sector through key brands VaultRE and Eagle.
- • Operated a high-margin, sticky SaaS business model with predictable, recurring revenue streams.
- • Successful execution of a roll-up strategy, which ultimately led to a value-accretive takeover for shareholders.
Bear Case
- • The company is no longer listed on the ASX, meaning there is no public market for its shares.
- • Historically faced significant competition in the fragmented and rapidly evolving prop-tech landscape.
- • Performance was intrinsically linked to the cyclical nature of the Australian and New Zealand property markets.
Recent Announcements
General Meeting Results
Quarterly Activities/Appendix 4C Cash Flow Report
🚨 Price SensitiveAOH's quarterly report reveals a cash flow from operating activities of $20.5 million, indicating strong financial health and potential for investment growth in the next fiscal period.
CEO Address
$4M Pro-Rata Rights Issue with $2M Underwritten
🚨 Price SensitiveAOH is conducting a $4 million pro-rata rights issue for existing shareholders, offering them the opportunity to purchase new shares at a discounted price of A$0.50 per right; however, they must exercise these rights within six months or risk losing their ent
FAQs
What does AOH do?
Assetora (AOH) was the former name for PropTech Group (PTG), a company that provided SaaS-based real estate CRM software to agencies in Australia and New Zealand. The company was acquired by MRI Software and delisted from the ASX in May 2023.
Is AOH a good investment?
AOH (as PTG) is no longer a publicly traded company and cannot be invested in. Prior to its acquisition, it was viewed as a high-growth technology stock, offering potential upside through market consolidation but also carrying risks related to competition and market cyclicality.
What drives AOH's share price?
When it was listed, its share price was primarily driven by growth in key SaaS metrics like Annual Recurring Revenue (ARR) and subscriber numbers, successful acquisitions, and overall market sentiment towards the technology sector and the property market.
Key Metrics
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