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@suratosa Yes, I’m feeling very positive about location verification. LSAI is fulfilling a real need, one that the advertising market isn’t (fully) aware of yet. It’s only a matter of time. LSAI (we) are in the right place and being the first and only one.
A little luck is all that’s needed to get this really moving.
I'm glad you keep staying positive Grouch, someone needs to.
*The current share price nor the lack of interest doesn’t make this a bad investment.
Only two weeks ago LSAI released a trading update that was far more positive than I ever expected.
The outlook is great while unfortunately (like many other companies) we suffered from the Covid-19.
The current share price doesn’t make this a bad investment nor the lack of interest.
Frankly it makes this a great investment. Everyone is complaining about the share price being too low. If it is and given a good outlook for location verification then this is exactly the time to buy (which I’m doing BTW, over time, babysteps).
Some text from the trading update that will maybe change your mind about LSAI:
core revenues (...) slightly ahead of H1 2019 despite the impact of COVID-19.(...)
implemented a cost reduction programme (...) cash administrative expenses being reduced (...)
cash reserves of approximately £1.7 million (...) will be sufficient for the Company's requirements until Q2 2021. (...)
the Board expects a focus on local advertising which should be a positive driver for the Company's media verification revenues in H2 2020 and especially in Q4(...)
investing significant time and energy into enlarging its data insights customer base, including making its location data available to UK Government departments and pitching for global data projects linked to the COVID-19 data analysis. Although no major contract wins have been secured to date, the Company is still exploring several open opportunities and will provide updates in due course.(...)
making operational overhead cutbacks, which included reducing the Board's and senior management's remuneration.(...)
To date eight paid for tests have been undertaken with the initial feedback from agencies and suppliers being very encouraging and the Company expects to be able to announce further news in the coming months.(...)
The Company's partnership with X-Mode is progressing well and has allowed it to expand its insights customer base and, in particular, pitch for insight deals outside the UK as well as upsell insights to its Verify customers. This gives the Company a greater market opportunity going forward.(...)
While the first half of 2020 was not what anyone had been expecting or indeed hoping for, there are some positive macro trends emerging in our industry. Only last month, Group M (the world's largest advertising agency) told its customers that location verification is critical to brand safety, a milestone which has been a long time coming and something we celebrated internally. (...)
In the second half of 2020, we expect advertising revenues to return, albeit perhaps not to 2019 levels, however, with a renewed focus on local marketing, something which Location Sciences is ideally positioned to benefit from. I am confident we will emerge from this global crisis as a stronger company and better able to deliver shareholder value."
I would not be surprised if multiple parties might be interested in acquiring LSAI.
It would take very little by way of a comprehensive update/letter to shareholder to address the decimation caused by their actions. An attempt to put right the wrong, or do they not see what they have done to the very people who enabled the company to survive..
Expecting.....no
Would like....an update,even its its not good news,just have the decency to let us know what’s happening
Actually have you been expecting something else guys?
Dismal is an understatement !!
It’s so exciting.....not!!!!
The silence continues !!