DomaCom Limited
DCL.AX
Australian Securities Exchange0.01
AUD
+0.00
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DomaCom Limited
DCL.AX
(Australian Securities Exchange)
Recent
price
0.01
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ratio
- -
div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Assetora Australia Limited (ASX:DCL), formerly DomaCom Limited, operates an innovative managed investments platform enabling fractional ownership in a diverse range of assets including property, agriculture, energy, securities, commercial and residential real estate; the company provides general financial product advice to retail and wholesale clients on deposit products, securities and managed investment schemes under its AFSL (No. 444365), while facilitating investor access to sub-funds, ongoing management fees, campaign fees and secondary market trading through its proprietary DomaCom Platform. Headquartered in Melbourne, Australia, with operations extending to subsidiaries in Australia and Singapore including DomaCom Australia Limited as investment manager of the DomaCom Fund, the company was founded in 2015 and listed on the ASX in November 2016 targeting financial advisers, SMSF investors and wholesale participants seeking diversified high-value asset portfolios with low minimum investments. Funds under management stood at approximately $220 million as of June 2024, though the DomaCom Fund is currently closed to new investments, redemptions and secondary trading pending trustee approvals. Recent developments include multiple capital raises totaling over $10 million since early 2024 via placements at $0.014 per share, convertible notes and loans including $4.5 million facility from Bricklet Ltd (part of Lakeba Group) converted to equity issuing over 428 million shares plus bonus shares subject to approvals; debt repayments of $2.45 million to Thundering Herd and full settlement of secured convertible notes. Strategic alliances feature a 50% revenue share agreement with Bricklet for its Homeowner Platform up to $100 million revenue with an option to acquire assets, alongside collaboration with Central Real Capital for new sub-funds in mortgage banking, private credit, superannuation equity release and marquee property assets. Board reorganization in August 2024 appointed Giuseppe Porcelli as Non-Executive Chairman, alongside new directors including Alberto Basile, Ray Jourdan and Vinu Koliyat, with executive changes naming Darren Younger acting CEO (later updates), Jules Grove as CFO and others; the company remains voluntarily suspended from ASX quotation pending recapitalization and aims for relisting.