We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Should climb steady to open 25p imo.
back the backers?
Way oversold. Bounce next.
Done better than thought, they managed the recovery costs to the full £150k already!
Will Akers fold, stick or twist?
Looks like there’s a block seller, so might not quite be bottom yet..
Do they have/is there any potential in the operational business or are they effectively a shell?
Yes very healthy balance sheet. Over cooked drop.
Asides from £2 million in cash, I believe that IME are still holding 318,740 shares in BOOM worth around £2.8 million
https://www.lse.co.uk/rns/IME/form-83-audioboom-group-plc-uco5ghb1zveujfm.html
Is a crook. I remember him buying Leeds Utd and the shares collapsed
Target. Maybe worth a punt now. 2m in cash.
Not much of an issue is it. They looked into something, they didn’t like it, they move on.
“The Loan is secured by a debenture containing fixed and floating charges over Sprift's business and assets, granted by Sprift in favour of Immedia”
If loan isn’t repaid they might end up with IP, or the entire business for next to nothing anyway.
Plenty cash in the bank too.
I hope there is a Plan B.
No Chance of getting the 150k back hence 15% interest repayment.
They will run out of cash & the 150k will get wiped off.
No bank was willing to lend to them why did Immedia??
3 months wasted.
Expect a fall today.
Discussing performance
No problem
Great stuff thanks for the help
And it’s very clear from last weeks results that all of the legacy business will be mbo d out of ime imho
So nonsense I read on here about declining markets etc impinge on future profit goes away completely. It’s not about the past business model here
Fund. Not find.
That is a fair summary of what I have read on Twitter from all sources
The issue is there is likely to be initial turbulence when it comes back from suspension. Lots of people will sell because it isn’t a sexy acquisition. Then the real investors will buy in imho
And of course none of us know how ime will find the acquisition. Akers and crew are masters of financial mechanics. Just see how dev has been structured with warrants at 10p and 30p and yet to happen 50p.
So I am ok about sprift. They do seem to be excellent at what they do and have been doing it since 2017. Industry move from early adopters to early majority and that’s where real money is made
But I stress to all dyor!!! And don’t rely on a tw at like me as I know fa
Great so to summise what you’ve said there at a pe of 6 it’s break even , so therefore pe of 18 would be 3 x current value so therefore 106.5 pence per share but the median value for Saas companies is 38.9 so In theory if it comes out as a middle of the road saas value it would be 38.9 which is 6.5 x 6 so therefore fair middle of the road share price would be 230.75 pence ?
Does that sound right ? What you we’re saying ? Would make a hell of a lot of sense for mr 10 bag who bought in at 25 p ?
median revenue multiples in Saas...38.9
https://twitter.com/sportschris/status/1385291338959183877?s=20
a lot of info..summary....we have 5000 estate agents, we have now a deal with onthemove so will be more soon, we are moving into conveyancing with the Kerfuffle deal,,so more users, we now have rental data and are targeting B2C business such as but to let investors...more users
We currently charge 75quid/ user/ per months. We supply as an Saas service which has a median multiple of 38.9 times earnings...
we are paying 35million....so do the sums
Akers believes y/e share price of 105P not unreasonable...currently 35p
Thats all I know
I was originally disappointed that IME was doing a property related deal (rather than crypto/ or cannabis...something sexy!). Now I am quite optimistic
but as ever DYOR!!!!!
https://twitter.com/Space_Robot1/status/1380914682752536586?s=20
gla
https://twitter.com/MouTrading/status/1381002254677897217?s=20
we are paying 35million for Sprift...see table....7000 branches is Akers view of how many we will have by end 2021....so choose a PE multiple you think is appropriate....at 6 it is worth 35million.....SaaS companies are usually PE multiples in their 20s upwards ....
do your own sums
We now have 5000 it seems. We have done a deal with kerfuffle. They are a no deal/ no fee conveyancer so that’s more users. Then there is the deal with on the move That’s more users
We also now have data for rentals and will be moving into the b2c space targeting buy to let landlords. More users
The services are delivered using saas. Very high multiples of revenue to calculate share price
So all good news. Suspended at 35p. Akers year end target is 3times that at 105p
Enjoy
https://twitter.com/moutrading/status/1385344288859607045?s=12
I have the largest investment I’ve ever made in this one and so was looking for some help with those numbers please ?
How did you get to the we need 900 ? Also last I read they had more than 5000 now so are you able to show me the calculation so I may be able to sleep better at night pretty please ?
jh,
I'm not sure I understand your statement "We have 3000 before any...positive impact of new partnerships". Would you care to expand a bit?