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Readen Holdings (OTC Pink: RHCO): A Diversified Conglomerate Microcap With Growing Revenues

By: Spotlight Growth

October 21, 2022 at 11:18 AM EDT

Investors in the United States have long known that conglomerate styles of corporate organization are not rewarded with high multiples since analysts want to cover companies that are as easy to understand as possible, and sometimes it seems like they want to do as little analysis as possible. Around the world, however, the conglomerate is a normal and accepted type of company structure, and small-cap investors need to scan the globe for opportunities.

Readen Holdings (OTC Pink: RHCO) is a Kong-Kong company that operates in numerous businesses such as fintech, telecommunications, electronic equipment production. The company also has an equity stake in a Turkish marble producer that was the product of a canceled real estate development deal, which sounds odd but is sometimes par for the course in the microcap world. Momentum seems to be on their side as they recently reported a revenue increase of 283% compared to their 2021 figures.

An important development for Readen is the launch of a venture called the OkeApp, which is a discount referral app associated with Oke Travel Club. Oke Travel Club is a membership service that provides travel products and services that provide members with discounts on purchases. In conjunction with the launch, Readen announced a partnership with a United States-based wholesaler to provide members with discounts of up to 50% on hotels, resorts, theme parks, and airfare worldwide. The company expects the OkeApp to eventually partner with over a million hotels, 200,000 retailers, 500 airlines, 60,000 restaurants, and 50 cruise lines. Company targets a total membership of 200,000 after 12 months, which would generate a monthly revenue of USD 2 million on membership fee only, along with extra revenues from merchants commissions and the Company’s own payment platform OkePay.

The new app and travel program will be integrated with the company’s payment processing technology called OkePay which processes payments from traditional credit card companies as well as newer vendors such as Alipay and WeChat Pay. Travel demand should be robust after the world has largely stayed at home for the past few years, and with an economic slowdown looming, demand for discount programs should also be strong.

The Oke ecosystem is a large focus for the company right now, but Readen can essentially be thought of as a publicly traded private equity firm. Other holdings include Chinese railway technology, fresh food distribution in Europe, Hong Kong, and New Zealand, and diversified media services in Asia. Readen is an interesting way for investors to gain simultaneous exposure to the fintech sector including emerging payments, travel, building materials, and media. The company is microscopic, with only a $4.5 million market capitalization but if its portfolio has some hits, could grow rapidly. Recently they just announced a deal sell just 20% of their subsidiary (Ares Technology) for approximately $3.7 million. Readen is a bit of an oddball, and pink sheet stocks carry outsized risks, but investors that are willing to dive headfirst into understanding the fintech and travel sectors may want to give it a look.

Disclaimer:

Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement.

All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated eight and one dollars and thirty eight cents cash for the creation and dissemination of this content by a third party Guerrilla Capital and Ryan Yanch.

This material does not represent a solicitation to buy or sell any securities. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management.

The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings. Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions.

Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/

The post Readen Holdings (OTC Pink: RHCO): A Diversified Conglomerate Microcap With Growing Revenues appeared first on Spotlight Growth.

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Readen Holdings (OTC Pink: RHCO): A Diversified Conglomerate Microcap With Growing Revenues

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