News and Announcements
DomaCom Talks of New Partnerships
- Published March 28, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
DomaCom Limited (ASX:DCL) is a securitisation platform, whose job is to take large assets and divide them into “bite sized chunks” for investors, particularly focusing on the financial adviser market.
KEY TAKEAWAYS:
- The company has a process that they call “bookbuild” where investors syndicate together, to purchase any property that they choose.
- That is the first difference; the investors actually choose the property.
- At the end of this the company, DomaCom, creates a managed funds structure for each individual property.
- The company has recently received a variation to AFSL, which allows the company to deal in securities. That means that DomaCom can now fractionalise anything.
- DomaCom has several good lead indicators, so the lead indicator of the financial planner deal groups is putting the company as APL, with 43 dealer groups, which is over five per cent of the market.
- The company is currently in the process of seeking a Federal Court Declaration that DomaCom is exempt of the related party in sole purpose test provisions of the Superannuation Industry Supervision (SIS) Act.
The Company has entered into several material agreements since listing in November 2016. The first key agreement was the approval by Lonsec of the DomaCom Fund, followed by the agreement with SuperConcepts. And then most recently, the agreement with DFS Portfolio Solutions, where they’re going to move $25 million into the DomaCom Fund, along with their very first market transaction with managed account provider, which is Benwest Investment Services Pty Ltd. Finally, last week announcing the world’s first property crowdfunding transaction has been executed. With DomaCom buying a farm in the Western District of Victoria- to say the least it has been a busy time for DomaCom.
The Company’s long term focus is that direct property will be a very large asset class, within most investors’ portfolios and they want to be one of the major providers of that. DomaCom believes it’s an exciting time to be in this market.
Company Updates
Dogs First to Reduce Risk: QBiotics’ Smarter Path to Oncology Markets
QBiotics took a compound derived from a north Queensland rainforest tree all the way to veterinary registration before pursuing human oncology to de-risk its human cancer programme. Interim CEO Ebru Davidson argues that sequence – now backed by early responses across several human cancers – is the company’s real asset. The story that pulled Wholesale […]
Built on discipline, not complexity: inside an ASX equities income strategy
Haydn Froggatt and Zac Brabin have decades of derivatives experience between them and access to almost any strategy in the market. They use two of the simplest structures available, and wrote 202 positions with them last year. Published by Fairway Capital Management. Based on an interview with co-founders Haydn Froggatt and Zac Brabin. Two traders, […]
BlackRock has named the next Economy. What this latest paper means for Private Market Investors.
BlackRock has put a name on something the smart money has been circling for two years. Its digital assets research team calls it the machine-native economy. The thesis fits in one line. AI is machine-native intelligence. Digital assets are machine-native money. Both are built on the same architecture, and they are converging into a single […]
Backed By Leading Investment Groups and Family Offices
