Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
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I added a few today, and will be adding more.
Me neither and me too!
Didn't think I'd see the share price this low again. Will be topping up soon I think.
Paul Hill has been an investor in Equals for several years now and it is one of his largest positions. He knows his stuff and has interviewed IST numerous times over the past few years. A vote of confidence for me was the addition of Richard Cooper as CFO (previous CFO of GVC). Richard has M&A experience and coming to Equals given its size meant that he must have believed he could help grow it substantially. Definitely, going in the right direction but given the potential in Europe this is only the start. It now my top holding so I am biased. DYOR
SNN, cheers for that, got to say I do like IST, one of the better CEO's straight talking, no BS (hopefully). Been here since 02/20 and very happy to hold and add.
Very positive from the CEO, have really warmed to this Company over the last nine months since Paul Hill started recommending it on Vox Markets. Impressive growth in revenue and if they start to make an impact in mainland Europe, brokers estimates of 175p a share will present a realisable target. Certainly one for now and the future
Https://www.youtube.com/watch?v=7TDz2luXCjk
Interview with IST from Friday.
Appreciate your insights guys. The future does look bright... let's hope they can muscle into Europe which would make a huge difference for the upside in price.
Slight note of caution is the PE is quite high for sector. Stockopedia says 16 which is not too bad others have it mid twenties and dear old LSE comes in with a completely doolalley 60. Not their strong point financial data. They are expensive as are most good shares with value and growth. They look well set for the long term, but clearly the market is cautious. Gl
As expected resolution passed for capital reduction and proposal of 1.5p maiden dividend. Court approval sought by end of month.
Having top sliced , bottom sliced and middle sliced last week, frantically bought them back yesterday and today. Very fortunate with the huge sale bringing the sp right back. They all got gobbled up pretty quick apparently. No idea who or why. I guess the market is always suspicious of anyone doing this well in this climate.General consensus is anywhere between £1.60 and £1.80 would be justified , but they are talking about doubling market size at the same time as increasing margins! Seems incredible with the competition but they are considered the bees knees for service. Not often you can say that about this sector. Gl all
Predictions/guesses, take your pick. You certainly seem to have been very astute with this one. I'm going to take some gains when / if (i think when) reaches 140, it feels like this is a good solid investment with potential. I'm simply going to predict a healthy upside, all IMHO.
GLALTH
Do any of you savvy people have any estimations on what the share price could potentially hit in the next 2-3 years if expansion into Europe does pan out? Quite a novice investor here but I managed to buy some shares when it was at 40p listening to Paul Hill's predictions. I've lost on Boohoo, National Express and a couple of others and didn't want this one to go the same way...kind of hoping to recover some of my losses. Thanks for any insight!
Same as previous update hit 108/110 and dropped back to settle around 100
Well that didn't last long will we see 110 again?
And of course no debt!
Also I THINK the CFO said they have over 50m in the premium account less 25m for below , balance 25m+, and I'm sure he said we want the balance if required for future expansion/business requirements. This is just from memory so pinch of salt maybe required.
IMO no, if they did a placing after capital reduction, the market would have a real question about the management team.
"If it becomes effective, the Capital Reduction would create additional distributable reserves to the value of around £25,000,000, which (subject to any arrangements required for the protection of the Company's creditors and any directions given by the High Court of Justice in England and Wales (the 'Court'), in confirming the cancellation) may be used by the Company to deliver returns to shareholders in the future, whether in the form of dividends, distributions or purchases of the Company's own shares. The Capital Reduction is expected to be completed by mid Q4-2023.
The Board intends conditional, inter alia, upon the completion of the proposed capital reduction, to pay a maiden dividend of 1.5 pence per share in respect of the financial year 2023. A further announcement will be made in due course following the conclusion of the capital reduction process."
Is this the time they do a placing now it’s on the up?
Is a potential TA target?
Fed up of bagging a winner and then losing some profits because of a placing … don’t want to be gready- nice to take a profit..but when??
Good to see the professionals adding at £1.20 or so.
Glalth
I'm not a chartist but the trajectory looks great (and deserved).
I might take some profits at £1.40, nice little earner.
Elrico. Like the final comment, ‘should thrive for years if it survives M&A activity of traditional bank.’ Got to think why are they (the banks) leaving it so long? Every day now its going to cost them more. I suppose it would cost them too much in an inevitable bidding war. Win win
A professional presentation with Q & A on InvestorMeet last night. These two really do know the company inside out. I was particularly interested to learn about Europe. Equals have presented a plan to the NBB which is awaiting approval. IST seems proud of the thought that's gone into it, in putting it together. Can't wait to get going, looking for around £10-15m in revenues from Europe next year. There is a lot of pent up demand apparently. USA not forgotten about entirely, but emphasis will be on growing Europe in the short-term. The future of Equals does look very exciting, also a look at moving to the main market is likely, when the business is considered big enough.