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next week I presume. Reckon on some good news this month.
Thanks Ian. Very interesting.
The full text is on the company's site: http://www.guscioplc.com/#!Hightech-help-to-tackle-childhood-obesity-and-cut-teachers’-red-tape/c7a5/57bd5a610cf20ab178a869ae
Thanks Iain. Couldn't read the whole article but sounds interesting. The YST link up will I think ensure a lot more schools come on board too, in the thousands I would expect, which will get wider national coverage if that happens, which in turn puts interest on Guscio even more. Not really connected but I remember the time when UKOG got widespread press attention about the Gatwick oil wells, and whilst the stories are no way similar, their share price shot through the roof on that day, as people jumped on the bandwagon.
Write up in The Times today... The PR machine has sparked into life... hTTp://www.thetimes.co.uk/article/high-tech-help-to-tackle-childhood-obesity-and-cut-teachers-red-tape-6rdr27lmp "After two years of piloting, they launched the programme in February last year, followed by a revised version in September, since when nearly 500 schools have registered, and it is now used by about 1,000 teachers and 30,000 children."
Expecting news here then. Start of the school term, and renewals in July/August. Does not take much to move this so if the news is as expected, and good, this will fly.
What I find interesting about this is that Wray, who has been here since the 8p days, but didn't participate in the 4p placing, has then proceeded to mop up chunks of shares over the last few weeks to become the third largest shareholder. Britain's 'Buffett' is keen! Also good to see the two 'main directors' with the most skin in the game, not to mention the others who are well known and established value investors, Freud a particular interest for me. SP has recovered fairly well from the drop below 3p, though below the 4p placing that Winnifrith et al participated in. I am excited to see where this goes.
Significant Shareholder Richard Thompson (Director) 15.55% Gail Ganney (Director) 14.67% Nigel Wray 10.16% Miton Group 9.53% Hargreave Hale 7.75% Matthew Freud 6.02% No. of shares 21,041,763 As far as the Company is aware, the percentage of the Company’s issued share capital not in public hands (as defined by the AIM Rules for Companies) is 40.91%
Still here, not quite sure what to make of the RNS's today, made a small top up at 2.9 though as it looks like Wray has increased his holding, though another party has reduced. Could do with a bit of news here, either contract new/trading update, or director purchases.
Having heavyweights on board is positive but no guarantee of success. For that you need good management. The jury is out there. I don't think Brexit or Remain will make any difference here. Only half a pence or so off my target price. I'll review once it's there.
Not sure it will get to 2.5p Dibs but good luck if it does. Chilled out about the prospects here with the heavyweights on board. Waiting for the Brexit malarkey to get out of the way though before investing any more hard earned, just don't know how the markets will react, even AIM. Definitely worth having some cash on the side for Friday :)
This is dropping back well below readmission and placing price. It looked overvalued given the cost of acquisitions and market valuation. I would look at buying at 2.5p maximum.
Quite a few today, mainly linked to the placing and re-admission though to me it looks like Matthew Freud has increased his holding recently, as he was 5% at readmission, and has now gone through 6%. If that's the case that is good news. Plenty of skin in the game here from well know investors, and the BOD.
FWIW, here are my notes from admission document, other public sources and various "podcast" interviews from this week... hopefully people can add more meet to the bones... DYOR, and corrections welcome (I hold here). “The Government through the Department for Education are investing more than £150m per year direct to Primary Schools in the form of the Primary PE and Sport Premium fund” (until 2020). £520m from sugar tax, used towards doubling funding of primary school sport. Sportsdata - Skills2Achieve Planning and assessment tool -> Ofsted reporting and evidence Agreement with Youth Sport Direct (YSD) until Dec 18 to market and sell YSD are trading arm of Youth Sport Trust Competition from Capita Schools Information Management System (SIMS) platform (could be future opportunity?) S2A integrates with SIMS Currently 370 schools using on promo’s etc - full price renewals expected in September 20980 primary schools in UK, 5.3 million pupils Target is 18,000 schools -> the number YST work with ie. 85% of all schools. Cost order of £600 per school annually - shared equally with YSD. Further expansion via Secondary School version and NZ, Middle East and India. Looking for headline sponsor for platform. Dataplay Small company, Rupert Killick CEO 151,000 sports clubs need to track spending 1 contract with YST for Youth Sport Award Beta: June Launch: Sept Signed heads of terms with leading sports body Further business opportunities in aggregated data. Miton, Hargreaves, Matthew Freud invested in placing.
I may have missed the detail but any idea on the amount of revenue being generated by the two acquisitions? Do we know what the rate of growth is? Incidentally Matthew Freud you mentioned, is this the son of Clement who runs the Freud foundation? If so he has contacts in the highest places so interesting to have him aboard for sure.
No worries Dibs. Personally don't think the MC is that high actually considering both business are revenue earning, and have a large foot in the door with the Youth Sports Trust. I'm expecting newsflow over the next few months too that will generate some interest. As TW said, it looks 'interesting'.
Thanks, appreciate reading your thoughts. I am interested definitely. Just giving an honest view at present. I just think £5m MC 'at the moment' with the operation new and unproven seems a bit high. But I am ready to change my view going forward if...
You know the SP website which has been asterisked!
I think you need to listen to TW's bearcast from the other day on ************* concerning Guscio, and he mentions Wray, who whilst didn't increase his holding, was uber positive on Guscio. Look at the new shareholders too. TW invested £10k at 4p, Matthew Freud invested £300k! Check him on google, and look at the shareholdings page on Guscio's revised website. I'm convinced that sub 4p is good value, so took some today at 3.58. Willbuy more if it goes towards 3p.
Interesting move re the acquisitions. Never a good thing when a SP quickly drops beneath placing price though. Looks like Nigel Wray decided not to participate in the new fundraising either. Again, not a great sign. And finally the MC is over £5m which seems a bit high. I'd be looking for an entry at 3p or less I think to be tempted.
Yeah, Mary Berry must be jealous re the amount of pies (or should that be pi's, lol!) he's had his fingers in, hope it goes well for all invested.
Well, you can't say he isn't persistent! And as they say, persistence get you everywhere, ask Alexander Graham Bell, Henry Ford and Thomas Edison :-)
Just had a look at him on companies house website, I won't give any opinion, just for info: https://beta.companieshouse.gov.uk/officers/BEhXtfAWkshBdO0phqnpBhJSVrg/appointments
this morning - EXPLAINS why share price remaining - despite 'false' sea of red - what are the MM's playing at I wondER!
...sharepickers.com