The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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Energy provider Npower has removed its app after stolen login data was used to access customer accounts.
The firm, owned by E.ON - one of the UK's big six energy suppliers - has not revealed how many people may have been affected by the cyber attack.
It is believed that personal contact details and partial financial information may have been obtained, according to MoneySavingExpert.com, although full account numbers appear not to have been taken.
Npower said it has alerted those who may have been affected and "immediately locked" their accounts.
"We identified suspicious cyber activity affecting the npower mobile app, where someone has accessed customer accounts using login data stolen from another website. This is known as credential stuffing," the company said in a statement.
Very positive update out from the company this morning.
Good to see the tick up in the share price. Can't be long now before we hear some news on further strategic investments or more contract wins for Acuity.
The results next month from KCR should be a whole lot better than the previous year and should lead to a significant increase in their share price and the value of Drumz holding.
Acuity Risk Mgmt Retweeted
Walty Pic
@walty_pic
@acuityrm
have been recognized in http://Threat.Technology’s top picks for the best Compliance Monitoring solutions. #DRUM
#cyberrisk #Compliance #GRC #infosecurity
https://threat.technology/compliance-mon
busy on Twitter again:
Acuity Risk Mgmt
@acuityrm
Effective risk management needs everyone to play their part - both the back office and the front office. Learn how you can engage different stakeholders with IRM. https://acuityrm.com/blog/engaging-the-front-office-in-risk-management/
https://www.france24.com/en/europe/20210216-cyber-attacks-hit-two-french-hospitals-in-one-week
Added a few more this morning. The cheap shares appear to have run out now.....
Looks to be the remainder of the placing shares being sold by those who are not waiting to find out what the £500k will be spent on or to see the how quickly Acuity revenues and profits increase.
Appears to plenty of buyers happy to take up the cheap shares though, so I would expect to see a decent increase in the share price once further news arrives.
Another top up for me this morning. Appears to be an impatient seller about.
Acuity still very active on Twitter and when you analyze the improvements to the new 'STREAM' release, you can see why they anticipate strong growth moving forward.
Cyber Security again making the headlines this morning:
US Treasury: Yellen warns of 'explosion' of cybercrime risk
https://www.bbc.co.uk/news/business-56021100
I made my first investment here yesterday on the basis of a very low capitalisation,what seems to be a decent & experienced Management Team ,whose brief & plan will be to make Drumz a much larger company .Only time will tell although I suspect there are many prospective investments under discussion
My understanding is that investee companies get charged enough to cover the cost of the time spent on them. Also that we aren't only looking at opportunities which are minority stakes. Agree we need to expand rapidly for the business model to work, but that is the plan. You need to look at lots of businesses to find one which is right. You're right that cash shells with no cash are valued higher than this! A bit of patience will I'm sure reap rewards.
expecting a much larger rise here
any major global cyber attack and this will shoot up faster than a hooker on heroine
Skid - I agree with your take.. Turn is the same business model.. raise funds on the stock market and use it to fund the investments with the listed company paying the wages of the consultancy offered.
At a £3m mcap however this is attractive at this level.. at £10m I would be asking more questions... Cash shells with nothing are valued at more.
Cam,
If the company which drum has bought into is not paying for this expertise their minority shareholders are getting a good deal, unless the buying price is knowingly lower because of this.
Drum is a really small cap, with the price of the board of directors they need to rapidly expand for this business model to deliver.
" Drumz is not planning to be a passive investor, but intends to use their management expertise to develop the businesses they become involved in."
This is the same as TERN.
I agree in that it seems unlikely they will raise funds below 1p however it would be good for not only us but also how the market receives the company as a whole if they can release value before further dilution... this would send the most promising signal to the market of their intentions and with it a more promising share price.
At £3m mcap its certainly one to hold. Have a good weekend.
I suppose it depends on how any investment is structured. Drumz is not planning to be a passive investor, but intends to use their management expertise to develop the businesses they become involved in. This certainly appears to be the case with Acuity and I can see a rapid increase in revenues, profits and value following the recent developments there.
I am quite sure the investment in KCR will be sold once the share price recovers there. Given the price paid by Torchlight to acquire the stake they have, I would expect Drumz to recover a much higher price than the current book value once the turnaround shows on the balance sheet.
Angus has paid 1.00p to acquire 5m shares and the warrants are exercisable at 1.20p. I don't foresee any further capital raise until the share price is substantially North of here. All IMHO.
"We now await news on the next investment from Angus who has stated he is looking to make around two investments per year."
Tbh optimist... this is slightly concerning, having been involved with TERN I would far prefer Angus to deliver value than follow the same ... rise and raise business model TERN are doing... 8 years later its not made a penny of profit, haws diluted the shareholders many times and the SP is around the same level.
Pretty active on Twitter at the moment pushing the benefits of the enhanced 'STREAM' product:
https://acuityrm.com/platform/
Welcome aboard. Delayed sell showing this morning from Wednesday for 4.5m shares explains the drop in price which allowed people to take advantage.
From the figures we have been given on Acuity, I estimate that revenues for the year end to March 2021 could be in the region of £2.0m and based on previous retained margin, would equate to a net profit of between £400k to £500k.
With the valuation of KCR sitting at half the net asset value, I can see a revaluation taking place when the benefits of the restructure and investment from Torchlight come through on the bottom line.
We now await news on the next investment from Angus who has stated he is looking to make around two investments per year. He is currently sitting on a circa £500k war chest!
Bought in this morning.
Good to see the chunky buys coming in. Great potential here from the current price.
Further investment news should sent the price up pretty quickly.
Managed to buy a few more at 0.675 today.
Liking all the positive noises coming from Acuity and expecting a material increase in revenues and profit from them this year.