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jtd
I saw their presentation at an Amati vct AGM shortly after their float, after that I had an email conversation with a fund manager there as they came over as a high priced Skype, that was also the general view after that AGM from other Amati shareholders.
I was told they "added value" to conference calls, quite how I could never establish, but they tried to talk a good game, sadly the proof of the pudding is in the eating...
And a lot of people got badly scorched.
I bet the board do not care though.
barchid - your point is taken, I responded without going to the effort to check - I did look at all our big shareholders previously and probably muddled up the entities.
I'm sure one of the big shareholder did also practice shorting, it's all academic now though, the damage is done.
JTD
VCT's can not go short, it breaches their rules.
Herald is a well known successful Investment Trust, run by the same lady for many years, I have never been aware of her going short. Is is most certainly not a VCY
The VCT which did hold this stock, Amati, according to the FT is no longer a holder, again they bought in but then took their loss by selling, no shorting involved.
Best to stick to the facts eh ?
Existing - From my figures from June 2021 - they have increased their share number from 2.8m to 4.2m ....but as a % holding ..it has reduced from 5.05% to 4.37%
Existing, and if I recall correctly, when I looked at them long ago they are a VCT that also specialises in shorting.
First of the TR1s.... is this a new one or a fatter existing one?....B
Paddyboy1
hi mate...looks like everyone is going to have to stock up on "patience" ....be quick mind ..supplies are running low :-)
Jaysus, hadn't looked in on this crock of nonsense for a few days. will this ever rise back to any credible level?
Yes - I'm just sitting tight and avoiding the sinking feeling on the basis the sellers are the idiots
jointhedots
you get share price chasers and speculators......they gamble.... once they hit a set loss... they sell and go elsewhere ..in search of instant success ..or where they can get their loss back ..faster
It isnt a company..it is just a SP number that has to go higher ..or they are off elsewhere
If the sellers are genuinely sellers - then they must either be out of their minds to do so the in the midst of the new shares issue - why not before or after the dust settles?? I'll never understand, why buy in a placing??
The alternative which I think is more likely is they bought beyond what thy could afford, leveraged even took a T20 gamble that there would be a premium and need to unwind positions.
The MM's go through this routine over and over again and know how to fleece us - I'm glad I sat on my hands and have only bought a few more - I'm very tempted now though.
Pokerchips - exactly - it's a game that bears no relationship to the company's value or prospects.
When things settle could be up or down, I really don't know - but up 10%, 50% or even 500% are all possibilities. Nothing is inevitable about the future for Loopup.
They took the BIDS placing of 2p down to 1.6p .... today up 10% ....
They took HARL down to 16p ..now 26p
It is all a game ...everywhere ..just a game
It is about making profit of course ...and the profit is best..the lower the price you start with....so..the game is to take it right down...so 10-20-30% gains are easy off the lows
forget MCAP and almost anything else ..not even part of the game being played
This is being orchestrated, most likely led by MMs, they know some of the new buyers are uncommitted to holder past the end of the current session - just having a punt - less than £2m was raised on Primarybid and I suspect some of those know nothing about the company and will throw the towel in straight away (and good riddance) .
There is no comfort to be had, we simply grin or grumble and bear it or panic and sell - which is what I suspect a few will do - IMO they will regret it very soon.
It is always the case that speculators take a punt at thing like this capital raise and then lose it when the SP doesn't instantly go in the direction they envisaged - sadly there is no logic to it, but that's why AIM is so lucrative for some - simply because it is so illogical.
Once everyone has taken their position it will start to recover IMO.
They have funds….. just more games. The 25 p places may be a tad annoyed being 15% down on day 1. Need contract news to move now. B
Same old same old selling same clips next forward sold placing on the way ?
Interesting SP this morning, not sure why the run for the door though?. Journey just beginning. B
Yes we know what you meant. It’s on one part of that lively 3 linked chart of the Busienss though.
Oops - my statement "the 70 customers is based on £00k/annum each and includes those already secured" should of course read
"the 70 customers is based on £100k/annum each and includes those already secured"
But it really does depend on the size of the clients, one large client is worth more than the small client equivalence at this stage as it is proof they can do it and handle the scale - and I suspect that will help immensely in selling to other bigger companies.
Yes JTD that was my understanding as well .
stew200 - of course it's not right and not that simple depends on the size of the clients, the 70 customers is based on £00k/annum each and includes those already secured, I suspect around 30 based on the CEO's presentation comments. That number is also based on the lowest value of the contracts, where in practice at least some of them will grow significantly towards the higher potential highlighted.
He was, to the best of my understanding, suggesting that figure was to cover all the Cloud financing cost and turn to profit on that aspect of the business. The other parts of the business are generating cash of 5 to 6 million in addition to the cloud.
Even if they don't cover all the capital costs of the Cloud expansion which is normal for a growth company they can generate a profit.
Don't worry about the SP now, it will settle down and hopefully be a springboard for a good rise - lots of good news to come now and a commitment from the CEO to improve communications.
Dont know ..but there could be leveraged SELL CfD contracts being used - order book of those is then used by MMs to bring down the bid
Thanks Pokerchips..... selling @23p now...... thats all time low territory..... so peeps either wanting to just get off the bus irrespective of loss or the other theory that forward selling leaves the owner able to keep selling below the placement price at an overall profit...... not sure myself, but pressure still down and not up...... Only turning jam in to contracts will get a thumbs up from the market at the moment.......Having the USP.... mostly spoken about today is only a differentiator if the big suppliers buy it..... and Steve F suggests they are knocking on his door and not the other way round.... we shall see what comes of it........ B
new TR-1's should appear from tomorrow - if relevant
They don't get triggered until the new shares are actually listed onto the market
I don’t think that’s right to be honest with you. They’re breakeven now, actually making a slight profit and haven’t got 70 contracts. I think that part of the court was misinterpreted. But I might be wrong