Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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24th April 2023 was last year's TU.
But an RNS before then wouldn't go amiss ;)
Should we be hearing news soon ?
Maybe, but there's only one real reason why a board member buys shares on the open market, and that's to make money on the deal.
Short, medium or long term, Bernstein is very confident of turning a decent profit on shares bought at 16p.
Possible buyout, you think?
Exec Chair, Richard Bernstein, is certainly keen to take advantage of the dip in share price with two more large purchases in the last two days. He definitely has skin in the game with over 18% of the company, and he's still buying on the open market.
I think we’ve reached the bottom and now onwards and upwards.
Great appointment on 28th
...I'll ask the question the remaining 4 members of this Board are dying to ask: why the recent rise? I notice we had a very similar increase at the end of Aug/start of Sept, so should I be saving up to go large over Halloween? Scary thought and perhaps there is a more considered financial reason(s) for this welcome increase.
Nice AGM statement.. here are the participants in the Fca tech sprint
https://www.fca.org.uk/firms/innovation/global-financial-innovation-network/gfin-greenwashing-techsprint
List of participating Regulators
Central Bank of Bahrain
Central Bank of Georgia
Central Bank of Italy
Dubai Financial Services Authority
Financial Conduct Authority, UK
Financial Services Commission, Mauritius
Financial Services Authority Japan
International Financial Services Centres Authority (IFSCA), India
Malta Financial Services Authority
National Bank of Ukraine (NBU)
Reserve Bank of India
SEC Philippines
SFC Columbia
The Taiwan Financial Supervisory Commission
The World Bank
In an increasingly complex and dynamic financial landscape, companies that successfully navigate the intersection of technology and responsible investing are poised to stand out. Insig AI’s Final Report announced today showcases its strategic advancements, partnerships, and financial achievements, shedding light on its positioning in this evolving market ESG market hoisted upon us all, whether we like it or not, by Blackrock. There is a, but that is progressing slower and frustrating investors and board members, as you will read. https://twitter.com/LEMMINGINVESTOR/status/1691092985612816384
Companies face pressure to disclose net zero credentials in greenwashing crackdown
Climate reporting rules rolled out as ESG investing comes under fire
https://twitter.com/lemminginvestor/status/1687217035393032193?s=46
LON:SEEN
CreatorSuite 2.0 now embodies new proprietary features focused on delivering customisable, AI-driven Shoppable Video Prompts "SVPs". Customers want SVPs in order to give them a significant competitive advantage in advertising and video ecommerce and added return on investment.
AI-driven, customizable SVPs are strategically placed within customer videos at "Key Video Moments" - moments that produce an emotional or impulse response - to drive consumers to acquire goods and services with one-click. "One-click buy" thus reduces sales friction increasing conversions.
Cash position at 29 June of $2.2 million enables the Group to continue executing on sales pipeline and achieve cash flow breakeven.
Where does Insig AI fit in?
Insig AI appears to have a unique set of tools which could play a significant role in monitoring and policing corporate accounts being greenwashed for ESG credentials, which could significantly impact financial institutions and fund managers. In recent years, ESG investing has become increasingly popular among investors who prioritise social responsibility and environmental sustainability in their investment decisions. However, there is growing concern that some Companies may exaggerate or misrepresent their ESG credentials, which could lead to financial institutions and fund managers unknowingly investing in Companies that do not meet ESG standards, which can have financial consequences.
Insig AI has partnered with CarVal Investors, LP, to integrate their ESG tools with CarVal’s ESG risk scoring methodology for the upcoming CarVal Clean CLO product line. This collaboration marks the first implementation of Insig’s and CarVal’s jointly developed ESG technology. With a deep understanding of fixed income, Insig AI empowers asset managers to create and implement a data-driven ESG investing strategy that is performance-oriented. It offers transparent and evidence-based ESG scoring and analysis while also enabling comparison to relevant benchmarks.
https://knowledge.sharescope.co.uk/2023/05/12/ai-adoption-in-the-world-of-finance-esg-and-policing-greenwashing/
The world of AI in finance.
Similar Companies to INSG
FactSet AI and machine learning capabilities have been widely adopted by clients in the finance industry, including asset managers, hedge funds, and investment banks. The platform's ability to provide real-time, data-driven insights has helped clients make more informed investment decisions, reduce risk, and improve overall performance.
Truvalue Labs is a technology company that provides innovative solutions for clients in the finance and sustainability industries. Its AI platform has been widely adopted by clients in the finance industry, including asset managers, hedge funds, and other institutional investors.
Kensho, a leading innovator in the fintech industry, and its technology has been adopted by a wide range of clients, including some of the world's largest financial institutions and government agencies. The company was acquired by S&P Global in 2018, and its technology has been integrated into S&P Global's suite of financial analytics products.
I have no idea how their AI and suit offerings compare to INSG. But, it is clear AI in growing at pace in the financial world, which we know innovates because it is designed to make huge sums of money.
I have updated the INSIG article with a detailed overview of policing greenwashing and how INSIG AI sits inside the increasing regulatory burden. Big thanks to the head of research, Diana Ross, for her time and very detailed response.
It is under the heading *Greenwashing is a crime
https://lemminginvestor.substack.com/p/insig-ai-plc-c2c
So, the Company has raised £900,000 gross via a subscription of 5,294,118 ordinary shares at 17p. The fact it was not at a steep discount but market prices is pleasing, even though it is chump change in the grand scheme of things. Nevertheless, it signifies that Executive Chairman Richard Bernstein has confidence in the Company because he took part. Some of you may argue he had to, given he is partly funding the Company through to profitability. However, let us not forget that his reputation is also on the line, not just his wealth. So, it is argued Insig is now fully funded to see itself through to profitability, with FY 2023 predictions for revenues of no less than £1.4 million from its legacy business and a further £600,000 from its core AI business, where exponential growth is anticipated in subsequent years. I hark back to previous comments from Richard Bernstein back in March 2022; “the Company targeting £4 million recurring per annum run by the end of the next financial year (2024), in addition, the Company were anticipating c£4 million from new fund launches but will also include revenue from CarVals on its high yield and investment grade fund that we have announced. The £4m is solely from this division.” To be clear, these figures do not form part of the Company’s official targets.
https://lemminginvestor.substack.com/p/insig-ai-plc-c2c
Definitely got done on this one. Without the continuous buys and bail outs from the one person this would have liquidated a long time ago. Wonder if it is really a going concern.
Sold at a huge loss here 60%+ making this one of my all time worst picks.
After considering everything I just don't have enough faith in the leadership or the product. I feel mislead by the initial RNS suggesting "recurring revenue flows of a significant magnitude" as well as the initial placing price. I even think "AI" is a little misleading. What artificial intelligence is actually employed in the product? After looking at the presentations it looks more like it is just tallying up buzzwords from reports.
I'll kick myself if this shoots this year but I just don't have enough confidence to wait around any longer.
GLA
This is the quietest board I follow. Both the shares and comments! What’s the opinion of whether the SP can get back to previous levels?
Q&A with Richard Bernstein https://lemminginvestor.substack.com/
Nobody's fool
https://brightbusines.com/david-kyte-what-makes-him-a-billionaire/
Going very nicely today, must be something driving this move, new contracts coming?
Slow and steady. Long way to go but would appear a plan is evolving. Market forces demanding it
https://twitter.com/insig_ai/status/1529079643759845376?s=24&t=7ZY40QwWyZc5uIWk2_lX7w
Good move up in recent weeks against a back drop of difficult markets.
Augers well. Further contracts to come?
Why the rise here today?