Articles

Skainet Ltd - The Rise & Rise Of Social Sites

by Martin C. IT Consultant / Long Term Investor
  • Skainet Ltd is upping the ante for professional dating websites.
  • Latest web technologies ensure longevity & security.
  • Already 8 years in continual development.

My long-term investment strategy is currently Apple (AAPL) and Tesla (TSLA). However, I recently changed my medium-term strategy since COVID and the issues the pandemic imposed on the world i.e travel and personal relationships.

These new portfolio additions now include Match Group (MTCH) and Bumble Inc. (BMBL).

My thoughts on why this is a solid investment approach is basically people will always want to meet people, the Internet is (and always will be) ideal for social interaction, plus meeting other people will only increase, with Internet social/dating web properties flourishing.

The last part has proven correct with significant increases in my Match Group (MTCH) investment.

Skainet Ltd is upping the ante
Since I live, travel, and operate in South-East Asia, I was fortunate to come across Skainet Limited. This private (currently) company operates mostly Asia-focussed social/dating web properties including ThaiRomances, PinayRomances, and several others.

I approached the Directors of Skainet to gather some background information, since I was impressed by ThaiRomances, after sign-up and subsequent usage of the web platform.

Skainet History and Future
In talking to Skainet Directors, they mirrored similar feelings per recent reports from Match Group - Match reported a first-quarter 2021 which showed an increase of 12% compared to the previous quarter, for average subscribers and revenues.

Skainet suggested to me, they were seeing increases that significantly exceeded Match Group's reports, primarily as their current web properties were Asian-based. Plus, their platforms have continued (and ongoing) development investment.

'Why is this important?', I asked of them.

In response, 'Throughout the Asian region, people take notice of the ongoing change and see this positively. Most, if not all similar and competitive social/dating platforms are using much older (and less secure) web technologies ... some as much as 10 years old. At Skainet Limited, we believe in keeping our customers as secure as possible, and delivering maximum performance so customers obtain the best experience.

To recap for those interested, Skainet's social/dating platforms use a diverse mix of Cloud-solution technology, React framework (developed by and to powers Facebook and many other Fortune 500 companies), and Remix (a superior evolution of Next.JS framework which again powers many other Fortune 500 companies).

As a person who watches technology stock and web properties, I do see a correlation between old web properties and the frequency they disappear. Importance on growth, change, and adaption can't be more important, in gaining momentum over a business' competitors.

What's Next?
During questioning, both Skainet Directors were reluctant to divulge much information regarding a public offering, or external investment opportunities. The latter was my interest, by the way.

They did mention deploying in both the Australian and US markets within the next 12 months however hinted this requires significant investments in resources and effort.

Perhaps this is the moment people should watch the unfolding of a Skainet Limited debut, in the marketplace? Or maybe ideal opportunities for an Angel Investor?

I'm watching Skainet with a medium-term interest in their direction and funding options.

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About Martin C. Junior   IT Consultant / Long Term Investor

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Joined APSense since, March 11th, 2022, From Bangkok, Thailand.

Created on Mar 13th 2022 19:57. Viewed 276 times.

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