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Started: rivaldo, Today 07:40
Last post: rivaldo, 53 mins ago
Good results for the 18 months to the new December '25 year end, with an increased £437k PBT.
But the main interest lies in the very bullish outlook.
The cash pile has now increased to £4.1m, against a £5.4m m/cap. The average 12-month cash balance was £2.9m last year, but this is likely to have increased significantly again.
Commentary on current trading is noteworthy:
"The Group has entered the 2026 financial year with strong momentum.
Trading during the first few months of the year has been encouraging, supported by a strong pipeline of confirmed work and increasing forward visibility across our key markets, alongside record bookings for Cannes Lions in June.
With the restructuring programme complete, our focus is firmly on margin progression, operational efficiency and continuing to scale the business internationally, particularly in North America.
The US market remains a key strategic focus and our most significant growth opportunity, supported by increasing client activity and our expanding presence at major international events.
We are operating on a global stage and continuing to build momentum with leading international brands. With a strengthened operating model, a growing portfolio of high-value clients and strong forward visibility, the Board believes the Group is well positioned to translate this momentum into sustained earnings growth."
Started: rivaldo, 9 Apr 2026 14:56
Last post: rivaldo, 9 Apr 2026
Hardly surprising given all the positive signals and the recent trading update that an NED has purchased another 35,000 shares (he now owns 435,130 shares in total):
Https://uk.advfn.com/stock-market/london/aeorema-communications-AEO/share-news/Aeorema-Communications-Plc-Director-PDMR-Shareholding/98252591
Started: rivaldo, 26 Mar 2026 07:37
Last post: rivaldo, 30 Mar 2026
Hybridan commented as follows on Friday:
"Key Investment Points: New Clients, Broader Revenue base, Cash for growth
Yesterday’s update on 26 March for the 18m to December 2025, following a change of YE, upgraded estimates (again) so that revenue is to be no less that £29.4m, compared to £27.5m for 18m 24. PBT is expected at £0.41m (including a one off restructuring cost), so the underlaying profit would be £0.77m compared to £0.318m. This improvement was due to increased operational efficiency from a growing pipeline of retained and new client work. This follows the cost reduction and rebalancing programme, initiated in 2024.
Net cash was £3.1m at the end of June 2025 and a share buyback for up to 5% is ongoing with 2.8% (260,500 shares) purchased so far and the last transaction on 12 March was at 62.5p. On 19 November 2025 a non-executive director bought 25,000 shares at 66p. A 3p interim dividend was declared in September in respect of the 12 months to 30 June 2025, as part of a progressive dividend policy, linked to growth in EPS and an increased Dividend can be expected to be paid this year which should be more than a 5% yield with an est. P/E of 14x.
There is growth in key international markets, particularly in North America and EMEA reinforcing its position in strategic communications and as a live experiences expert. A major new event was reported on 13 March, the SXSW (South by Southwest) festival in Austin, Texas which is Cheerful Twentyfirst's first internationally recognised media and technology event. Aeorema is broadening its revenue base and building its profile in additional geographies to complement its work at annual Cannes Lions international creative advertising event. There is the highest-ever number of clients contracted for the upcoming festival which remains a major revenue driver.
In North America, Cheerful Twentyfirst has delivered a series of high-profile projects across multiple client sectors which was recognised with a recent industry award for Experiential Agency of the Year. Projects include large-scale brand activations for The Wall Street Journal at the United Nations General Assembly, a multi-day summit for AI-powered advertising platform Smartly, and delivery of industry-leading conferences such as Climate Week. Around 40% of this work is attributable to new client relationships in the region. September also marked the Company's first major step into brand-to-consumer experiences in North America, with an immersive 1,300-person concert for Instacart in New York, further diversifying the client base and capabilities.
The Group enters 2026 with improved operational alignment and positive momentum, supported by a strong pipeline of confirmed work secured for H1 2026.
Hybridan Comment: The shares have been relatively flat over the year, perhaps reflecting the general caution which seems to ignore the success of the corporate and business development."
The current valuation is just entirely wrong.
The company EV is just £3.1m after stripping out the £2.6m cash pile.
Yet AEO are forecast to make £0.74m PBT this year against that £3.1m.
Or to put it another way, the ex-cash P/E is just 5.7 based on the forecast 5.23p EPS.
Plus there's a minimum 5.1% dividend yield.
All this for a company clearly on the up, particularly in the USA, where there must be huge potential for this £5.7m microcap given the blue chip digital and other names that AEO are now working with.
Nice - "Revenue And Profit Ahead of Expectations"...
The cash pile is also ahead of expectations at £2.4m at 31st December - and it has now risen to £2.6m, over 50% of the entire £5.1m market cap.
There's likely to be a nice increase over last year's 3p dividend imo.
Plus "the new financial year has commenced with significant momentum". AEO has record bookings for this summers Cannes festival, and has now got a foothold at SXSW.
It's time for the market to recognise the transformation here : "Overall, with a strong pipeline of confirmed work and record bookings for Cannes, we are confident the business is well positioned for the next stage of growth"
https://uk.advfn.com/stock-market/london/aeorema-communications-AEO/share-news/Aeorema-Communications-Plc-Trading-Update-for-the-18-Months-Ended-31-Dec-2025/98144600
Started: rivaldo, 23 Feb 2026 11:18
Last post: rivaldo, 13 Mar 2026
More good news today from SXSW then, reflecting the confidence in operations in the USA I posted about a while ago.
The market is well behind the curve here in awareness of the progress being made.
Add this RNS today not published here…
https://www.londonstockexchange.com/news-article/AEO/new-brand-activation-in-austin-texas/17501323
Great news - us market footprint expanding!
Trek
Today's buyback RNS makes it 150,000 shares bought back to date.
I like the look of this post from last month about Cheerful's list of organised events at the most recent CES in Las Vegas, exemplifying their growth in the USA:
Https://www.linkedin.com/feed/update/urn:li:activity:7415509314645196800/
"We had:
🪻5 private dinners & events
🪻4 individually built out spaces
🪻300+ meetings checked in
🪻2 separate elevator banks to run between
🪻1 incredible team pulling it all together"
Started: rivaldo, 22 Jan 2026 08:43
Last post: rivaldo, 22 Jan 2026
Another 30k bought back yesterday @ 63p. Good to see - that's 58k bought back now. The maximum buyback is for almost 485,000 shares, so there's still some way to go:
Https://uk.advfn.com/stock-market/london/aeorema-communications-AEO/share-news/Aeorema-Communications-Plc-Transaction-in-Own-Shares/97664056
Started: rivaldo, 8 Jan 2026 09:18
Last post: rivaldo, 21 Jan 2026
Huzzah! AEO have at last started the buyback programme, a mere 9 months after it was put in place....
Given the illiquidity it's impressive they've even found the 28,000 shares bought back so far.
With this plus a little director buying after the last excellent trading update the smoke signals are certainly promising.
It was interesting that that trading update for the period to 31st December was issued early, on 18th November, and included figures which would be "no less than". Might we get a further update which improves on those figures?
The upside here could be very interesting - certainly back to 90p-100p at least - if trading continues as it has done and given the large cash pile.
2 days of BB - can’t be much liquidity here - may dry up pdq!
Trek
I just came across my notes from Mello in late November which I haven't posted before (apologies for any errors):
- AEO did 13 activations at Cannes last year, expecting 14 this year
- the average cash pile was £2.1m (35% of the entire m/cap)
- new business was 14% of revenues in the last period
- AEO invoice 75%-80% prior to the event, so they have good cash generation
- 90% of events are outside the UK
- North America is "growing very fast" - "going gangbusters"
- AEO did 5 events in the quarter to September, compared to 3 last year
- AEO are now firmly in the digital media ecosystem, working for Amazon, Snapchat etc, and have won Instacart as a new client
- they're doing 6 events at CES Las Vegas this year
- they're confident in their forecasts, due to visibility of contracts etc
- "strong momentum anticipated for FY26"
- they could pick up "a lot of work" at SXSW in March
Started: TrekMadone, 18 Nov 2025 08:21
Last post: TrekMadone, 18 Nov 2025
Potentially going to have a final divi as well!
Great numbers!
https://www.londonstockexchange.com/news-article/AEO/trading-update-for-the-18-months-ended-31-dec-2025/17331446
Trek
Started: rivaldo, 30 Oct 2025 08:11
Last post: TrekMadone, 31 Oct 2025
I also thought 8p off for a 3p divi didn’t make much sense. Looks like it may start to grab some back now.
Underpinned by growth a return to 100p looks on.
A buy back with this liquidity would indeed be very interesting to watch but perhaps now with the stock in demand there is no need.
Must say I would rather see the divi increased it was 2p 4 years ago and then been 3p for 3 years. Establishing an interim and final payment cycle would be a great sign that the company can indeed reliably return cash and capital growth.
Usual caveats
Trek
Gone ex-div today for the juicy 3p interim dividend, which explains the early markdown.
Started: MelloDaniel, 30 Oct 2025 12:00
Last post: MelloDaniel, 30 Oct 2025
Just to let shareholders and prospective investors know that Aeorema will be exhibiting & presenting at Mello London on 18th November 2025.
Steve Quah (CEO), Andrew Harvey (Managing Director) & Jamie Blackwell (Finance Director) will all be with us to present & answer your questions
More details available via our website. Get 25% off your ticket with code MLLSE25
If you are not familiar with us at MELLO, we have created a two-day investor conference that will include top quality keynote speakers including Judith MacKenzie (Downing), Richard Staveley (Harwood/Rockwood Strategic), Tom Dorner (Polar Capital) and Lord John Lee (leading UK Private Investor).
The conference will feature panel sessions such as our popular Mello BASH (Buy, Avoid, Sell, Hold) with professional investors and analysts like Paul Scott. There will be over 40 other exhibiting & presenting companies including Inspiration Healthcare, Skillcast, Time Finance, Mortgage Advice Bureau, Serabi Gold, B.P. Marsh, Personal Group & more...
Please note tickets are currently on general sale. Tickets are on general sale for a limited period.
Started: rivaldo, 28 Oct 2025 09:30
Last post: rivaldo, 28 Oct 2025
Jules Staveley, AEO/Cheerful First's Global Brand Experience director, recently posted the following on LinkedIn which bodes very well for AEO's potential in the USA:
Https://www.linkedin.com/in/julianstaveley/recent-activity/all/
"New York, New York...
In the past 3 weeks alone we've delivered 5 brand activations in the city that never sleeps."
And:
"The Cheerful Twentyfirst team just finished a monumental month in NYC delivering a raft of amazing experiences."
Finally - noting that Instacart are a $10.1 billion m/cap company:
"Which brings me to last night..
Instacart's summer brand campaign closed with a bang, tapping into nostalgia to take audiences back to 1999 for one night only. Their fully immersive concert experience had activations from the 90's and opened into an epic gig featuring Third Eye Blind and some amazing partners - including Slice, Venmo and Kelloggs
I am so proud of our team for this one. A full creative activation rooted in innovation, production and partnership, and an audience experience that bridged generations and cultures in the heart of New York City."
Started: rivaldo, 21 Oct 2025 14:32
Last post: TrekMadone, 27 Oct 2025
I am wondering if there is some accumulation going on. This is a tough sector and often the only way to grab premium loyal customers is to buy out the companies with the contracts!
Usual caveats
Trek
...and up another 2p again today, on around £10k of trades, which suggests there's not much stock around.
More new recent highs, and looking good online just previously with buyers paying the full offer price and sellers achieving good premiums over the bid price.
Started: rivaldo, 16 Oct 2025 09:51
Last post: rivaldo, 16 Oct 2025
Great to see AEO breaking out chart-wise.
Back to 100p is a reasonable target, but with a mere £6m m/cap, and a sizeable cash pile, there's potential for much more given that the continued success at Cannes is leading to global expansion as exemplified by the RNS re momentum in North America, i.e from the interims:
"opening doors to other major international events, including the World Economic Forum in Davos, Art Basel Miami, CES in Las Vegas and SXSW Austin"
Good to see a 5k buy at almost the full 65p offer price late yesterday.
Today's RNS reads extremely well. It certainly reinforces the strong interims and very bullish outlook - AEO's success in North America will be transformational to this £5.6m microcap if it continues at anything like this rate.
Interesting too to see the CEO's comment about the "strong momentum" in BOTH the US and EMEA, and that this is expected to continue into 2026 :
Https://uk.advfn.com/stock-market/london/aeorema-communications-AEO/share-news/Aeorema-Communications-Plc-Cheerful-Twentyfirst-Momentum-in-N-America/96950140
"Cheerful Twentyfirst Celebrates Continued Momentum in North America, following its busiest September to date.
Aeorema Communications plc (AIM: AEO), a leading strategic communications group, is pleased to announce that its brand experience agency, Cheerful Twentyfirst, has seen consistent and continued momentum in North America over the last three months, following a busy and successful September delivery period.
The agency has closed September following the delivery of an broad array of interesting business events - 40% of which are attributed to net new client relationships. Highlights included producing The Wall Street Journal's large-scale brand activation at the United Nations General Assembly, delivering a multi-day summit for AI-powered advertising client Smartly, and delivering industry-leading conferences such as Climate Week.
In addition, September saw Cheerful Twentyfirst's first major step into brand-to-consumer experiences, with a large-scale immersive concert for Instacart in New York that transported 1,300 attendees "back to 1999 for one night only."
Steve Quah, CEO of Aeorema Communications plc, commented: "September was a landmark month for our global team, delivering for our U.S. client portfolio. It was our privilege to support major returning projects such as Climate Week, while also working with an exciting array of new clients. Cheerful Twentyfirst enters the final three months of the Company's extended 18 month accounting period with strong momentum both in the U.S. and EMEA, and we see this trend continuing into 2026."
Great news in North America!
Now that must be a really tough market to crack, even with a grammatical typo - ‘an broad array’. Surprising for a company that focuses on detail. Nonetheless, amazing wins and delivery!
This type of business must thrive on rework and by impressing attendees!
That last 3 months will include US revenues . That should make those accounts which are already cash rich look even better!
Perhaps we will see the promised buy back following a substantial cash buffer!
Usual caveats
Trek
Started: rivaldo, 18 Sep 2025 10:36
Last post: bobbyaxelrod, 21 Sep 2025
No mention of the buyback. I reduced my investment considerably over the last few weeks. I like the company, and also the continuing dividend policy. But the communication, and lack thereof, around the buyback made me reconsider my allocation.
I'm very pleased with these results, and particularly with the outlook going forward.
With a £5.2m m/cap, AEO have a £3.1m cash pile (with an average last year of £2.1m), and made a £615,000 underlying PBT to June '25.
Plus we get a rather nice 3p dividend.
Not only has AEO been reducing costs, which will fully benefit the current period, but prospects for sales growth appear excellent, notwithstanding the general economic climate.
AEO have "unprecedented re-bookings already confirmed for 2026" for Cannes, and:
"Our consistent excellence at Cannes is also opening doors to other major international events, including the World Economic Forum in Davos, Art Basel Miami, CES in Las Vegas and SXSW Austin, broadening our commercial footprint and creating significant global opportunities"
And:
"Outlook
•Strong forward visibility, with contracts already signed or in advanced negotiation for 2026 at encouraging levels
•Focus on margin enhancement and efficiency in FY2026, following the completion of the cost reduction and rebalancing programme"
It's not hard to see AEO back at 100p and more imo if the outlook plays out as hoped.
Started: TrekMadone, 18 Sep 2025 08:11
Last post: TrekMadone, 18 Sep 2025
A beat upper end of guidance
Divi earlier in Nov instead of Jan 5.5% yield for a growing company!
Loads of cash!more to come from efficiency and growth!
More contracts, returning customers, awards you name it this lot have it all!
SP well it is what it is coz it’s shty London market algo’s!
Usual caveats
Trek
Started: rivaldo, 28 Jul 2025 11:37
Last post: davey50, 8 Aug 2025
10k sale at 54p...bonkers unless it's boredom
This reiterates the upgraded trading update numbers to 30th June and the improved outlook, plus the £4.1m cash pile, but there's no forward forecasts for the new December year end as yet:
Https://www.allenbycapital.com/our-research/
"Evidence of improving margins
Aeorema’s trading update for the 12 months ended 30 June (the company is moving to a December year-end) provides confirmation that its strategic initiatives are delivering the intended results. It upgraded existing guidance; the FY25e revenue outlook is £20.4m minimum (FY24: £20.3m) and the stated underlying projected PBT is £0.6m (FY24: £0.44m), ahead of the £0.55m guidance in March 2025. Reported PBT will be at least £0.36m (FY24: £0.44m).
There is £4.1m of cash currently (£3.1m as at end June 2024) and the statement confirmed plans to pay an interim dividend. The outlook is picking up, underpinned progressively by ongoing initiatives to reduce expenses and extract operating efficiencies. AEO appears to have achieved this but maintained its ability to deliver services to existing and new clients. A successful Cannes Lions is
characterised by record numbers of both retained/new client projects secured, and
2026 rebookings confirmed.
Growth prospects: AEO expects to extract further value from ongoing cost reduction
and rebalancing over the remainder of the current calendar year. Its core strategic focus is to grow margins via operational efficiencies and utilisation of resources to benefit margins.
– FY26 to benefit from increasingly strong financial base: All of the above puts AEO in a strong position to grow profitability, even at constant revenue. However, it anticipates that FY26 will benefit from recent investment in building its international profile, additions to the client base, and its partnerships with global brands and agencies. Having showcased its skills at another successful Cannes Lions, the group believes that this will progressively be reflected in future work at major global events, such as CES in Las Vegas, Davos in Switzerland, Art Basel in Miami and SXSW in Austin Texas.
– Margin appreciation should drive rating: The shares should respond positively as the benefits of a couple of years of investment and focused strategic rationalisation have a visible impact on margins and EPS. That will be further supported by a share buyback programme that commenced in May this year. We see strong potential for top line growth from 2026 onwards, while the 5.5% yield adds material support."
Started: MelloDaniel, 28 Jul 2025 10:33
Last post: MelloDaniel, 28 Jul 2025
Aeorema CEO, Steve Quah, will be presenting on our MelloMonday webinar tonight. You can register via our website.
Use code LSE40 for 40% off. If you are an AEO shareholder you are entitled to a FREE ticket.
Started: rivaldo, 21 Jul 2025 09:54
Last post: rivaldo, 23 Jul 2025
Good to see AEO steadily continuing its rise. I note that Allenby haven't yet issued a new note after the excellent trading update. Hopefully there's one coming soon.
Given the usual lack of available shares here it should only take a tip or a decent broker update to cause some interesting share price movement.
Still on the charge towards my first target of 80p (before I realised the buy back was not taking place).
As it was so slow yesterday, I think you might see some of the traders that bought in early yesterday looking for an exit at a small profit later today.
Moving up again this morning, but still lots of upside imho.
I'd have thought AEO would want to start their mooted share buybacks asap at these levels.
Excellent update today. I've bought more to top up my previously small holdig.
The now £4.1m cash pile is not far off the entire m/cap. And that cash has increased by a full £1m in the last year. So the forecast 3p dividend is extremely well backed.
Most importantly, trading and prospects look good with underlying £600k PBT ahead of expectations, the benefits of a cost reduction programme now coming through and:
"Cannes Lions 2025 was a standout success, with an unprecedented number of clients confirming renewals for 2026 and new global opportunities emerging, including CES in Las Vegas. Accordingly, as we enter the final six months of this extended reporting period, Aeorema's positive momentum is evident".
"The consistent excellence showcased at Cannes Lions is opening doors to other major global events like CES in Las Vegas, Davos Switzerland, Art Basel Miami and SXSW Austin Texas, expanding the Group's commercial footprint and client base. "
"These achievements highlight a business going from strength to strength, underpinned by clear strategic direction, operational focus, and a consistent reputation for excellence. As a result, the Group continues to experience strong client engagement and sustained demand across its core markets."
Plus the share price should be well supported by the proposed buybacks.
Started: TrekMadone, 21 Jul 2025 07:19
Last post: Showjumper, 21 Jul 2025
A good one for anyone wanting to put money in their ISA.
Excellent headline numbers with cost reductions and new revenue from existing and new customers to come. Also an interim divi.
I don’t know if that’s the January one reconfirmed or another. I suspect it’s just the January one.
No news on BB though but with 4.1m in cash surely buying stock makes sense as the events pay for themselves after the capital outlay.
I have a few here be interesting to see where this goes.
Usual caveats
Trek
Started: TrekMadone, 30 Jun 2025 11:04
Last post: bobbyaxelrod, 9 Jul 2025
Wonder if there will be any read across from WPP's recent update. Although this is comparing a giant to a real minnow so probably not that relevant, with Aeorema very focused on campaigns and events in a more niche context ("brand activation). However, both have big clients as customers and both some risk from AI advertising. I'm hopeful they will make reiteration of the intention to buyback the shares, or perhaps they will say because of poor liquidity they haven't really been able to carry it out and intend to dividend the money out instead (this company already pays dividends). Of course, a concern would be an update that says trading is weaker, outlook is weaker, "macroeconomic concerns", customers taking longer to commit to new projects, etc... leading to a "need to conserve cash" and cancellation of the buyback. Until the update comes we won't know. I still think this a great company and am invested, but longer term I wonder how they can meaningfully scale (thus increasing profits) and instead expect them to maintain around this level or grow very slowly at the most.
I was looking at the history of updates and they tend to be the last week of July but in view of the lack of share buyback one would hope they would update sooner this year.
After all it has been a farce to have announced a buy back and nothing has been purchased it would seem.
Should be a trading update soon.
Made a few bob from the festival and hopefully some news on the BB.
I dripped a bit more in here today to get my average under 50p
Trek
Started: bunsenburner123, 16 May 2025 08:38
Last post: bobbyaxelrod, 9 Jun 2025
Re the buyback, some key points:
- up to 5% of the company shares, all shares to be cancelled, max price 105p
- reflects confidence in long term outlook for the group (if it then doesn't happen this creates a feeling that there is no longer confidence)
- funded from existing surplus cash resources
- broker, Shard Capital, to execute buyback. they can make purchases of shares independently and uninfluenced of the company in line with the buyback agreement
- low liquidity means that the company can buyback shares on any trading day materially in excess of 25% of the average daily volume.
no guarantee that the buyback programme will be implemented in full or any purchases made.
My reading of this is that the low liquidity of the stock creates difficulty buying back shares for the broker. For the time being, we have to assume the buyback is planned but the question is when (it will happen) and if (it can be completed). This company has returned money back as dividends to shareholders, therefore there is more credibility supporting the notion that the buyback is planned and will happen, otherwise there could be an argument for larger dividend instead (if liquidity remains a concern).
For the company itself, I think this is an attractive firm. The awards they have won are highly prestigious within the advertising agency. Their size and focus is an advantage, but we need a better idea of how variable their cost base is (to protect against downturns or contract delays) and their sales cycle seems continually uncertain. That said, Cheerful Twenty First's appears to be making good progress setting up at Cannes.
Well that small investment is now underwater and it looks as though they are not going to buy any back after all, it looks more like it was a PR stunt, so I am disapointed but glad I never had the cash to buy more that I did.
So I will sit tight and hope something comes around, and I will get a profit without waiting years but at the least I will have dividends to look foirward to in due course.
These BB don’t always manifest as a set number ish each day, like UKW.
Sometimes it’s one offs then nowt like at RECI and then due to liquidity they don’t always buy they allocation.
Usual caveats
Trek
Yes , very strange. They said the buyback will continue until completion of the data of the next AGM (based on 2023 and 2024, likely in December). Current market cap is £4.8m. There is probably a way of using current liquidity to work out how long it would take for them to buy back 5% of the company (so roughly £240k) worth of shares.
What's caught your interest about this company? I believe it to be undervalued, but part of me wonders if this type of company will always be undervalued in public equity markets.
Doesn't seem if they have bought any to date.
What is the point of announcing the share buy back if they are not going to commence doing so. They did have one higher volume day when they could have bought a decent amount.
Started: melloteam, 3 May 2024 14:34
Last post: melloteam, 3 May 2024
Aeorema will be at Mello2024 on Wednesday 22nd and Thursday 23rd May 2024, 9am-6pm at the Clayton Hotel & Conference Centre in Chiswick, London. The annual flagship in-person investor event will feature over 40 companies and keynote speakers such as Lord Lee; Christopher Mills; Georgina Brittain; Gervais Williams; Ed Croft; and many more! If you are new to Mello, you can get a ticket for just £30! Use code NEW2MELLO24
Https://www.tickettailor.com/events/melloeventslimited/1201351
Get 50% off your ticket with code LSE50OFF
Https://www.tickettailor.com/events/melloeventslimited/1201351
For more info: Https://melloevents.com/mello2024/
Started: rivaldo, 4 Apr 2024 07:27
Last post: rivaldo, 4 Apr 2024
Good to see the Non-Exec Chairman spending around £33k on more shares at 64.87p - he now has 20.39% of AEO:
Https://uk.advfn.com/stock-market/london/aeorema-communications-AEO/share-news/Aeorema-Communications-Plc-Director-PDMR-Shareholding/93602439
In addition, on Tuesday Jonathan Curry declared that his position has increased to 3.78%, or 361,000 shares.
And thirdly, Alan Charlton declared that he'd also been buying and increased to 4.21%, or 401,130 shares. He's a long-term investor in AEO who's interviewed the CEO at Mello.
This is inaddition to the recent other non-exec director share buy. It would seem that insiders and those who know the company pretty well are happy to be topping up their already large holdings at these levels.
Started: rivaldo, 25 Mar 2024 09:47
Last post: rivaldo, 25 Mar 2024
Well, H1 bad, H2 looking good....
With a £3.72m cash pile against the now £5.7m m/cap, and a £650k expected profit for H2 and overall £400k+ profit for the year AEO still looks good value, particularly with the optimistic outlook. But the MMs have of course marked down heavily anyway.
Started: rivaldo, 12 Mar 2024 15:27
Last post: rivaldo, 12 Mar 2024
I've been buying some of these recently. My final buy appears to have perhaps cleared out some stock and caused a tick up?
AEO looks very cheap at these levels considering both the progress made and the NAV security of the cash pile, plus the opportunities both organic and inorganic offered by that cash.
I'm not expecting this H1 to offer fireworks against the prior year given the renewed H2 weighting due mostly to Cannes Lions in June, but the results should be good enough to prompt a re-rating from these levels given the confidence in the general outlook and the current rating.
I was very impressed by the presentation at MelloLive late last year, and also like the extremely clean accounts and straightforward strategy and US expansion.
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