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Keith, if they could off load the property side I am sure they would, easier said than done
This is about what’s going to happen not what’s happened
Keep it on your watch list is all I would say
As I said I haven’t invested £300k on a gamble
@theyknowitall. I'm a serious investor, so already done all you suggested before I posted, looked through all the accounts, news releases, etc. Lots of talk, absolutely no substance. Your reply suggests that you agree that there is no serious research that can be done on this company - no hard numbers are available anywhere - red flag #1. The fact that they could only raise money at a 33% discount is another red flag. They have a horrendous performance from real estate investment, which is hardly a reassuring background for a move into a totally unrelated area. I can't see anything to suggest that this is anything other than a blind gamble, and you have not been able to allay that concern, so good luck with your holding.
Keith, It was a private company and to exploit and max its potential and reach it needs a listing.
Drum owned 25% and now have 100%
The owners have not sold out they are now 2 of the largest shareholders
Research their website, look at the annual results released last week and have a listen ton the Sunday roast interview from Sunday 21st with Kerry Chambers COO and listen to the coverage for yesterday
It’s my view, I have just over 4% of the share register
5 individuals have over 50% which means only 60m shares on the open market
No debt or CLN’s / warrants and £1m in the bank and revenue creative
MCap was £4.5m with 25% acuity ownership and now £6m MCap with 100% acuity ownership and £1m in the bank
I will let others decide on the valuation and how they value it
10 times multiplier
Can see it getting taken over in the future
Gartner rate this highly in their peer groups and having had an account with them I fully understand it
I may be wrong, but think this is my next big multi bagger
I bought 8% of PXEN at 2/3p when nobody wanted it so let’s see
GLA
So, folks here consider this to be a 10-bagger. In order to make such a forecast, you presumably can answer the following:
* In what time frame will this become a £70M company?
* What level of sales do you expect from Acuity in order to reach that market cap? New/repeat?
* What margin do you expect on those sales after accounting for development / sales / marketing costs?
* What is the fixed cost for Acuity & the rest of Drumz?
* What are the relevant numbers at the point of acquisition?
* What multiples of sales / profits are you using to get that valuation, and using which companies as comparators?
* If the potential is that great, why has the Acuity done so poorly over the 15 years it has been in existence?
* Why did the vendors sell out?
* Have you looked at the competition within this sector, and how much they spend to achieve market share?
* Do you have any practical business experience in this sector?
Just asking for a friend.
MCap only £6m
This is the time to buy, won’t be many cheap shares left sub 10p soon
10 bagger from here if you have patience
Great sector to be in, amazing deal Angus has got over the line
The exciting part is the £4mio sales pipeline now that we own 100% of Acuity and its current revenues of almost £2mio pa.
Exactally the time to buy !
Nobody selling says it all to me
Nothing better than people who know it all
I’m sure if I’ve been to Tenerife you have been to elevenerife
Nobody buying says it all to me.
The SP is at a 12 month low, not sure why it’s expensive
I took about 1.5m shares in the placing and another 500k at 5p.
Cheap as it will be imo
You won’t be buying this under the placing price
Would like to take a stake in this company but the spread is too wide and too expensive at the moment.Under the placing price would be more tempting and tighter spread.
Brilliant interview highlighting why this is dirt cheap and will multi bag
Kerry is a great appointment and demonstrates what a SME in this arena she is
Mopping up sub 10p shares looks like free shares to me
You simply dont understand and Im sure your account balance proves.
Ive seen your spats with others.
You simply have NO FILTER.
Yeah, I must have missed that tiktok teenage influencer investment advice which said the number of shares in issue determines investment success.
Well it works for me. I hope your knowledge has made you millions on the market.
Good luck
It's not an opinion it's fact.
The issue is the tightness of the share register and the percentage that is not in tight hands that is the issue.
So if we have £3m not in tight hands it doesn't make a toss of difference if there are 3 million at £1 or 30m at 10p or 300m at 1p - it is still £3m worth.
The only real time it does become important is of the share price becomes too high - see personal assets, Berkshire Hathaway,Japanese stocks in the 80s etc.
7 shareholders have just over 50% of the share register
No CLN's or warrants
Of the 121m share in issue only 31m shares were part of the fund raise of which existing holders took a lump
Once the news flow starts the squeeze will further get underway
Great time to pick up some of the placing flippers shares under the radar imo
£6m MCap I think is cheap as chips, but as I have a significant holding I would think that
Thats your opinion. Share count is most relevant and based on little stock available in the market it makes DRUM illiquid.
Once the news flow appears along with the buyers the stock will have a much better rerate due to the lack of stock available in the market and this is market mechanics at work.
This is exactally the reason why management have consolidated
Mojolse.
Rude, you're very easily offended by a simple statement ?
All I said was share count is irrelevant which it is - otherwise every company would do a reverse 10 to 1 share split and somehow the share price would be more than 10x.
What was erroneous on my statement on visibility, previously acuity was an investment in the accounts and treated as such - and now it is the accounts. As an investment there was no statutory requirement for rnss from acuity, now there is.
If you knew anything about market mechanics you wouldn't have made that comment.
Funny you dont know whats going on in the back ground either !!
I dont understand why you need to be so rude and then end up looking silly ?
Number of shares in issue is irrelevant, share cap that counts.
Hopefully now acuity is 100% owned there will be more rns and visibility. Channels vitally important to growth with minimal cost base.
Revenue is at a 10 x valuation for an operating company in the risk management industry.
My assumption based on information relayed from management ,we are on an upward journey at 6M cap we are very much undervalued.
121M shares in issue , all it takes is a little buying to bring this to 10p plus