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Looks like a few buys today. Anyone know why?
https://www.v oxmarkets.co.uk/rns/announcement/f27e3cc8-0279-4b32-b406-02f880af00c9/
Good to see another sales channel being expanded.
08 February 2022
Love Hemp Group PLC
("Love Hemp", the "Group", or the "Company")
Result of Fundraise
Love Hemp Group PLC (AQSE: LIFE) (OTCQB: WRHLF), the brand-led consumer goods company focused on CBD health and wellness solutions, is pleased to announce that is has successfully completed the Ā£2.0 million fundraising which was announced on 4 February 2022.
The transaction was oversubscribed and completed by way of a placing and subscription of 206,000,000 new ordinary shares of 0.1 pence each in the Company ("New Ordinary Shares") at a price of 1p per share.
H&P Advisory Limited and Peterhouse Capital Limited acted as the Brokers in this transaction.
The funds raised will be used for general working capital purposes, as well as streamlining the business through various initiatives as highlighted in the recent Corporate Update.
Application will be made for the New Ordinary Shares to be admitted to trading on the Access segment of the AQSE Growth Market. Admission is expected to become effective, and dealings in the New Ordinary Shares are expected to commence, on Monday 14 February 2022.
Following this issue, the Company will have 1,148,248,881 Ordinary Shares in issue, each share carrying the right to one vote. The figure of 1,148,248,881 should be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Andrew Male, Chairman of Love Hemp Group, said: "Love Hemp's successful oversubscribed fundraise is fantastic result and is a great show of confidence in the Group and the direction that it is heading as we move to the Main Market. The funds raised will assist us in continuing with the marketing initiatives and streamlining of various operational aspects of the business, subsequently making it more efficient to increase shareholder value. We remain focused on driving Love Hemp's growth and its reputation as a world-class CBD brand."
-ENDS-
The raise mentioned Friday is already completed....
https://www.digitaljournal.com/pr/love-hemp-group-plc-announces-result-of-fundraise
Things moving fast....the listings will be in a few weeks...
Expect them to smash these revenues, as the Chairman alluded to.
Think this has the foundations to severely multibag
The firm reported revenues of Ā£4.3 million, compared to Ā£2.69 million a year earlier. It saw Ā£1.25 million in gross profits, up from Ā£0.96 million in 2020.
Trustpilot agrees with your sentiment:
https://uk.trustpilot.com/review/lovehemp.com
Interim results due on 31/03/22 which also coincidently ties in with our move the LSE main market, with the company statment saying profits are up this could see our listing to the LSE go very well indeed.
https://www.standard.co.uk/business/love-hemp-cbd-brand-to-target-stressed-consumers-anthony-joshua-lse-move-b971596.html
I know this isn't a review page but I want to say the products I've bought and the service I've received have been excellent. The very basics of a company with a great future. Good luck.
"Dilution will lead to a lower share price short term but the paying of suppliers will suppress the share price for longer as we will continue to see them flipping into every rise."
Companies House is a telling story of the cost of paying off the suppliers with shares clearly at a discount to the share price.
Personaly I would like to see a little less spent on promotion and to pay off the suppliers with cash. In todays day and age social media is the best and most effective way to self promote with little cost, maybe they should be taking more advantage in that space right now.
https://find-and-update.company-information.service.gov.uk/company/11797850/filing-history?page=1
Market Cap: Ā£10,364,738
ISIN: GB00BMDY1P48
Par: 0.1
Inst Type: Common Shares / Stock
Symbol: LIFE
MIFID Status: MTF
Tradable securities in issue: 942,248,881
Sector: Financial Services
% price change since listing: %
% daily price change: -12.00%
https://www.aquis.eu/aquis-stock-exchange/member?securityidaqse=LIFE
There was a video call with Love Hemp over the weekend.
Their strategy is to invest heavily in marketing now to become a brand leader. This is funded by the money made from the sale of products, i.e. the gross margin. As a result of this spend the company does not make a profit YET, thus raises are necessary to fund business day to day. It is no secret more raises are to come.
The alternative would be a much slower, organic growth, which may allow competitors to take more of the market, restricting growth. So they invest now to build a brand and raise to bolster finances to continue to enable the company to meet its aspirations of a global company. Its like me getting a bank loan and sticking it all in my pension at once and slowly repaying the bank loan.
Whats our MCAP now - 4 million? IMO this could easily be many multiples in the future.
This will go one of 2 ways. Either the board will be proven right in their spending decisions and it will fly or it will go bust trying. There will be no in between. In my opinion LH continues to be high risk. We are in for a bumpy ride and this share is not for the faint hearted.
Of course, we could get an absolutely amazing set of Interim results later this month which set us on a course to greater growth!
The issue is the board release only the minimum information so we are flying blind most of the time. Personally I prefer it when companies value and demonstrate transparency rather than the rather opaque world we live in here with LH.
Donāt get me wrong, Iām a supporter and LTH but some of the decisions made re marketing and cash raises continue to give me concerns.
I think you will find that the SP and the company is severely undervalued down here.
We do not know how many shares have been issued to suppliers, whether they are locked it or not, but they will know better than us, what the ride ahead is like. so it could be minimal, nevertheless an investment in a company like this with a valuation circa Ā£10m is way too cheap.
See this as a multibagger from here.
Understand all those positive aspects to which you refer, but what about the 23% dilution resulting from the raise and also the ongoing paying of suppliers in shares.
Dilution will lead to a lower share price short term but the paying of suppliers will suppress the share price for longer as we will continue to see them flipping into every rise.
I think the next 3 to 6 months will see some good shareholder returns for new investors and those that are averaging down now that positive sentiment is returning. New high profile director appointments, fund raise out the way, good interim results expected within 3 weeks, big PR drive leading up to Main Market listing which should now only be weeks away. the quiet period was tough but I think we have turned a corner and current price presents a fantastic opportunity.
The new MD to which you refer, Philip Small, is not a full time permanent. He was brought in back in December on a part time consultancy basis. I emailed Andrew Male last week as there had been no announcement about the appointment and his response was as followsā¦.
ā Philip has joined the Love Hemp team on a consulting basis. His role is also noted as MD ā but of the operational entity, not the plc.ā
Not a bad raise price! I'm pleased its more than I paid for mine
Just watch the excitement grow here in again in the coming weeks
After the two heavyweight additions, they have a new MD too.
His credentials look **** hot too.
Looks like everything is coming together now.
always going to selling after a 60% rise in one day. bigger the fools them - this could easily be one of the best performing shares of 2022. hold tight
not looking as promising now, this block seller needs to run out of shares at some point! . News from the AGM should filter out soon enough and momentum should pick up, lots of good going on at the moment
Up 50% yesterday and looks like more of the same today.
My takes thoughts on yesterdays RNS and price movement
* The uplist to main market is absolutely on track!
* It would appear the global rollout is very much still on track, clearly Gary has been appointed to assist with this.
* LHG can attract some very big names!
* Nice to see the impact some positive news can still have on the SP!
* Nice to see the gains not being stifled and sold into
* It appears the board finally seem to be focusing on returning shareholder value
This is actually key for me, I always felt that Tony and the team were doing brilliantly at running the company, great product, great social media game, a lot of effort and cost was clearly put into that, however I wished there was more effort and focus on promoting the company in the markets and returning shareholder value. Well it seems that's exactly what the appointment of Graham is about, the last company that he was CEO of he took the SP from 30p to Ā£12.
Definitely the most positive day we have had in a while in many ways
Things are looking extremely good here, and still an absolute steal at anything under 3.5p prior to uplist
Thanks for the heads up mozza tbh this looks like bargain basement levels, risk reward! This can do very well indeed one to buy and hold for long term derisking along the way, ex chief executive of Novacyt on board. GLA.
Maybe Go easy, itās up 55% today, itās a very volatile stock so be prepared for big moves either way.