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More chance of seeing 30p before 3p imo
£6m MCap is a bargain
Only 121m shares and 50% held by about 7 individuals
I had a load before the RTO, took a load in the placing and bought more last week and will look to add further.
Just for clarity, before I start; I'm in at an average of 1.9p (I've had drumz shares since they were energiser, an off-shoot of Inland homes - same directors of INL back then - Malde and Wicks) so I've been in this share................for a bit too long if you ask me...........but I'd take a massive loss if I sold now so...............
It's why I can't bring myself to invest anymore in it, despite thinking that now's the time. Or is it? That's the question. Is 5p cheap or could this go to 3p first? I thought that the recent news about Acuity/the name change etc etc would have been met with far more joy than it's appeared to have done so so far. In fact..........the share price is down (i think?).......feels down at any rate...........and yet, in the background there are people buying and building up quite a percentage of the business.........without the share price moving one iota upwards. I thought the share register was quite tight in this..............but apparently not if you can build up a 4.3% and the share price actually trend downwards. Anyone else got any thoughts on Drumz?
£10k buy limit at 5.5p
Squeeze looks on, cheap as chips sub 10p imo
Smart move, definitively time to buy in my opinion too. DYOR
Adds and moves over 4%
One very positive element is the Acuity team really do have a lot of skin in the game. It does give them more liquidity than the zero as a private shareholder, but the rewards will come from building the company rather than dumping in what is still and illiquid stock.
Interesting to see where this goes in a few years, I cant see the portfolio of holdings / companies coming to fruition in the near / medium term.
Increased my holding over the last few days. Never thought I would have the possibility to buy some more around 5p, after taking a large position in the placing. Personally see limited downside from this level, but significant upside after the purchase of 100% of Acuity and imminent structure and name change to ACRM. Have a look at the following interview with Angus Forrest to get an idea of revenue growth potential https://www.youtube.com/watch?v=cbApQxYV7pM DYOR
What i rise today, how did i miss this?
Uhh...
I took a big lump in the placing and have increased my TR1 holding
Give this 12/18 months and it will be multi bags from here
£60m MCap take over target is what I’m looking at
Do the research
This is my next PXEN
I think the deal is superb for DRUMZ, I look at anything close to 4.5-5 as a buying opportunity. Listened to the latest interview by Angus Forrest a couple of times and at the end he spells out what the valuation could be in 2-3 years which would provide a massive gain, in any case one step at the time, let’s close the deal imminently as planned DYOR
Mine is a buy showing as a sell
Why the fall? I thought the Acuity purchase is a good move?
I think it was a buy (looking at the strike price of .6 compared to the sale below it in the 5's.) Here's hoping this moves upwards..........eventually!
normally you'd buy after the RTO (I would think)....but did someone spend £18k this am....
interesting if that was a buy. anyway DRUMZ seems like a good buy to me because at least they are making money. lots of companies going bust at the moment.
MCap only £7m, multi bagger in the making
Great news the RTO will be completed this month
I’m very happy invested in here
oi oi.
100% channel route to market in the US, its all around recruiting and incentivising the right partners. when you have 1 or two direct sales people with the turnover of TECH sales people in the US you are constantly re recruiting, training, re establishing realtionships etc.
What I mean is that this RTO to buy 100% of Acurity Risk Management Limited (and change name and use ticker ACRM) is a massive transaction for DRUM. They have clearly seen that Acurity's existing and projected revenue stream in a booming sector represents a compelling deal for a company with such small market cap. https://www.investegate.co.uk/drumz-plc--drum-/prn/circ-re-acquisition-and-readmission-to-aim/20230405070000PD220/
Not sure what you mean there Shareinvestment - are you saying that Drumz have just pushed this out to create an RNS and it's not really worthy of an RNS or that the news is worthy of an RNS but wasn't advertised or something? (which it was wasn't it? i saw it on advfn this morning).
Time will tell, but personally think this is a company making RNS.
Agreed - I'm in for the very long term here; no reason not to - the market for acuity's product is huge. Perhaps they'll recruit an American workforce direct going forward (rather than relying on third-party agreements) too. Giving them a bit more control on increasing revenue there, it's largest market potentially.
Not sure why we don't get the rns for drum on lse.
Interesting news today especially in relation to my post 24/03. Not going the way o f a portfolio of smaller holding but all in for acuity, which does seem a decent little company with good prospects.
It would be great for an overall strategic overview of drumz from the board. A minority share of one seemingly really good company and an investment in a non core company needs to be out in context of where the company wants to be in 2-5 years.
Would have hoped 2-3 years back we would have a portfolio of interests in companies such as acuity by now.
Wake up LSE, RNS out:
The Directors of Drumz plc are delighted that its investee company, Acuity Risk
Management Ltd ("Acuity"), has secured a new partnership with United
States-based Tutela Solutions ("Tutela"). Tutela will refer organisations
looking for a governance, risk and compliance (GRC) solution to Acuity's
award-winning platform STREAM® Integrated Risk Manager ("IRM") in North
America. This is a further step for Acuity towards building its presence in
North America, the world's biggest market for GRC solutions.
Tutela, based in Florida, is a leading developer and implementer of
best-in-class GRC solutions. It specialises in innovative risk management
solutions leveraging multiple GRC platforms. Tutela has delivered 500+
projects for more than 135 clients.
Kerry Chambers, Chief Commercial Officer for Acuity, said: "Tutela has many
years' experience of developing and deploying GRC solutions so we are proud and
delighted to partner with them and look forward to helping US organisations
better manage their risks. The combined expertise of Acuity and our new
partner, Tutela, provides a great opportunity for us in the US where there is
mounting regulatory pressure. An Integrated Risk Management strategy can
provide the necessary clarity to risk that US organisations require."
www.acuityrm.com
Sonny Crouse, Director of Business Development for Tutela Solutions, said: "We
are delighted to partner with Acuity because its STREAM® solution can be
configured to solve all major GRC challenges while providing the scalability
needed to address regulatory requirements and meet industry and global
standards of best practice across all industries." www.tutela-solutions.com
Angus Forrest, chief executive of Drumz, explained: "Acuity is growing strongly
and is implementing a partnership strategy to build a bigger presence in the
North American market for GRC solutions. This builds on the customer win
announced in February and is a significant step to accelerate growth of
revenues and customer numbers in the world's largest market for risk management
software."
I honestly thought this was really going to kick on................but it really isn't happening is it?