The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
and all that. thinking of investing here, these situations always turn around in my experience.
Should have kept hold of your shares for another few days......!!!
I lost awful lot of my hard earned cash here! A member named "Shay" warned everybody before to sell it, I didn't listen and kept it. I was still happy to hold it but with yesterday's RNS, it is pretty clear in order to survive, IMJACK must be delisted! This is what the RNS says: "LONDON (Dow Jones)--ImJack PLC (IMJ.LN), said Thursday, it has been informed by SSAT that the new coalition government has withdrawn funding in respect of schools applying for redesignation funding for the year 2009/2010." I've sold this morning with eye watering losses! :( My strong advice to those who still hold it, "GUYS, SELL YOUR SHARES BEFORE ITS TOO LATE" :( GL
RNS Number : 2092N imJack PLC 08 June 2010 imJack plc ("imJack" or "the Company") Financial results for the year ended 30 September 2009 imJack, the social networking business for the education sector, is pleased to announce its audited results for the year ended 30 September 2009 as set out below. Restoration of Trading Following publication of the Company's annual report and accounts for the year ended 30 September 2009, which have been posted to the Company's shareholders and which will be available on the Company's website shortly, together with completion of various proposals as announced, application has been made for the restoration of trading in the ordinary shares of the Company on AIM with effect from 7.30 a.m. on 8 June 2010. Enquiries imJack plc Michael Abrahams (Chairman) 01653 618016 Daniel Stewart Emma Earl / Simon Leathers 0207 776 6550 Rawlings Financial PR Ltd Catriona Valentine
RNS Number : 2066N imJack PLC 07 June 2010  imJack plc ("imJack" or "the Company") Result of General Meeting Restoration of Trading Directors Shareholdings The Board of imJack plc (AIM: IMJ), the digital educational secure networking business, is pleased to announce that, following a General Meeting of the Company held today, all resolutions (the "Resolutions") as set out in the recently published Circular to shareholders, were duly passed. The Circular, which is available from the Company's website, www.imjack.com, and referred to in the announcement released on 20 May 2010, set out various proposals (the "Proposals"), including, inter alia, the following: · Proposed placing of 71,333,333 ordinary shares of 1p each ("Ordinary Shares") at a placing price of 1.5 pence per share to raise £0.9 million net of expenses (of which 4,666,667 Ordinary Shares have been prepaid); · Issue of convertible loan stock to Jeffrey Morris, interim CEO, to raise £0.2 million; · Proposed acquisition of John Devonshire Connect Limited (a reseller to the education market)to be satisfied through the issue of 10,000,000 new Ordinary Shares; · Proposed acquisition of Tellbrook Limited (a company which owns the IP currently licensed by the Company) to be satisfied through the issue of 33,333,333 new Ordinary Shares; · Conversion of Directors' and other connected party loans into 75,074,176 new Ordinary Shares; · Conversion of debts owed to certain creditors into 2,000,000 new Ordinary Shares; · Approval of waiver of obligations under Rule 9 of the city Code on Takeovers and Mergers. Application has been made to the London Stock Exchange for 191,740,842 new Ordinary Shares (the "New Ordinary Shares") to be admitted to trading on AIM ("Admission") in respect of the Proposals set out above which have today been completed following the passing of the Resolutions. Restoration of trading on AIM and Admission of the New Ordinary Shares Trading in the Company's Ordinary Shares on AIM was suspended on 11 January 2010 as a result of financial uncertainty of the Company. In addition, the Company has yet to publish its results for year ended 30 September 2009. The Company is pleased to announce that it intends to publish its results for the year ended 30 September 2009 tomorrow. Completion of the Proposals above together with publication of the Company's results means that the Directors believe that the Company now has sufficient working capital and that trading in the Company's Ordinary Shares on AIM should be restored. Accordingly application has been made to the London S
Written on the same document I mentioned before (page-13) "The Company has secured approval from the Department for Children, Schools and Families (DCSF) for all schools applying for redesignation through the Specialist Schools and Academies Trust (SSAT) to be offered the ImJack platform. Each redesignating school taking up this platform will be entitled to a £15,000 credit towards £25,000 of matched funding from the DCSF. The remaining £10,000 required from the school can be raised through the use of various modules on the ImJack platform such as careers’ advice or mentoring. Through the JD Connect Acquisition, the Company will have agreed a memorandum of understanding with SSAT to start promoting this programme as soon as possible. The Directors believe there are 1,000 schools applying for redesignation through the SSAT in 2010." To me, it seems like a good news! What do you guys think?
Just read the report's (http://www.imjack.com/PDFs/reg_news/20_05_2010_imjack_circular.pdf , published on 20th May 2010) expected timetable of Principal event section where they have written the following: Expected admission to trading on AIM in the New Ordinary Shares and re-admission to AIM of the Existing Ordinary Shares: 8th June 2010 Now as far as my understanding goes, IMJ will resume their shares on AIM from 8th June 2010, which is the next month. First of all I think its a good news and if their result is OK for the year ended on 30 Sept 2009, then we might see the 7-8p margin from which it crashed to 4-5p margin. shay, where are you mate? Your opinion would really help!
Thanks for your comments mate! Its nice to see that atleast something has come out after such a long time! So what it basically means for private investors like you or me?
RNS Number : 3096M imJack PLC 20 May 2010 imJack plc (AIM: IMJ) ("The Company") Board Changes Publication of Circular Proposed placing of Ordinary Shares to raise £1.0 million Issue of Convertible Loan Stock to raise £0.2 million Proposed acquisition of John Devonshire Connect Limited Proposed acquisition of Tellbrook Limited Conversion of Directors' Loans to be capitalised into equity Conversion of debts owed to certain creditors to be capitalised into equity Approval of waiver of obligations under Rule 9 of the City Code on Takeover and Mergers Notice of General Meeting Change of Nominated Adviser imJack plc ("imJack" or the "Company"), the digital educational secure networking business is pleased to announce that, further to the announcement made by the Company on 11 January 2010 in respect of the suspension of trading in its ordinary shares (the "Ordinary Shares") on AIM as a result of the financial uncertainty of the Company, it proposes to raise £1.2 million in aggregate, by means of a proposed placing (the "Placing") of 66,666,667 new Ordinary Shares at a price of 1.5 pence per new Ordinary Share (the "Placing Price") and the issue of convertible loan stock (the "Convertible Loan Stock") to raise £0.2 million. The Company is also pleased to announce the appointment of Mr Jeffrey Morris as interim Chief Executive Officer, with immediate effect. Further details in respect of Mr Morris pursuant to the AIM Rules are set out below in addition to the announcement of further board changes. The directors expect to strengthen the board in the near future through the appointment of a non-executive director following completion of the proposals set out below. Furthermore, the Company has today entered into conditional agreements for the acquisition of John Devonshire Connect Ltd ("JD Connect") and Tellbrook Ltd ("Tellbrook"), the conversion of certain loans into Ordinary Shares, the conversion of certain outstanding creditor balances into Ordinary Shares which together with the Placing and other arrangements as set out below will be collectively described as the Proposals. To summarise, the Proposals comprise the following: · Placing of new Ordinary Shares to raise £1.0 million; · The issue of the Convertible Loan Stock to raise £0.2 million; · The acquisition of JD Connect, the exclusive reseller of the ImJack technology platform; · The acquisition of Tellbrook which owns the core underlying Intellectual Property ("IP") of the business; · The conversion of £1,065,000 of loans from Jeffrey Morris and connected parties into equity through the issue of 71,00
LONDON (Dow Jones)--imJack PLC (IMJ.LN), a digital educational secure networking business Thursday announces that as a result of the financial uncertainty of the Company, it proposes to raise GBP1.2 million in aggregate, by means of a proposed placing of 66,666,667 new Ordinary Shares at a price of 1.5 pence per new Ordinary Share and the issue of convertible loan stock to raise GBP0.2 million. MAIN FACTS: -Appoints of Jeffrey Morris as interim Chief Executive Officer, with immediate effect. -The directors expect to strengthen the board in the near future through the appointment of a non-executive director. -Entered into conditional agreements for the acquisition of John Devonshire Connect Ltd and Tellbrook Ltd. -By Iain Packham, Dow Jones Newswires; 44-20-7842-9269; iain.packham@dowjones.com (END) Dow Jones Newswires May 20, 2010 13:32 ET (17:32 GMT)
I don't know whether you saw this, but Byron, Lilley et al did dissociate themselves and Abrahams is at the helm: http://www.investegate.co.uk/article.aspx?id=201004060700106903J The Kwercus name seems to have been abandoned and it's back being marketed as ImJack: http://www.imjack.com/ The investor relations link leads to the old site, which hasn't been updated since the shares were suspended. I guess there's a tiny chance the shares could trade again, since the company still appears active, but I wouldn't hold your breath. Good luck, anyway.
I know I've lost my money but just out of my hopeless curiousity, is there any news on the market about this share ???
Gone case like Cattles (CTT) I guess! Lost an awful lot of money there, I'm just scared it might be the same case here aswel !!! :(
IMJack did not arrive at the annual trade show this week at Olympia (BETT) despite having paid for a stand. I'm afraid they are toast
You've all the right to laugh at me. Just read the RNS from Imjack which says they have suspended their AIM trading for sometimes. Cattles (CTT) did the same like a year ago and still there is NO sign of them. I guess the same thing will happen to imj. :( http://www.iii.co.uk/investment/detail/?display=news&code=cotn:IMJ.L&action=article&articleid=7699455
- IMJack have tried giving the software away and now have to change their model and start charging as schools dont want advertising. Does this smack of people that know this sector? - IMJack are not one of the ten companies on the Govt approved BECTA framework - Competitors such as Fronter (now Pearson), Capita, UniServity, Studywiz, RM have more users than IMJ and they charge a fee - IMJack have been touting around the VC's for over a year and no-one is biting As for "Kwercus" addressing the facebook issue, the current providers already do and have done for years -they are "walled gardens"
Thank you for posting this link, it makes things a lot clearer. I wish I'd been aware of it earlier, but it was a very early toe-in-the-water for me, and we live and learn. I suspect Byron and Lilley will not emerge from this covered in glory.
very new to this game. but i was seriously worried about one of the founders of this company (and a major shareholder). see the discussion on: http://www.techdirt.com/features/20041001/0941211_F.shtml caveat emptor...
Thanks for sharing your views mate! I appreciate you comments and can't agree more! :) So let's just hope for the best ...
Neon, I share your hope that this will do well. I originally bought in here because as a school governor, I thought the software cleverly addressed a lot of the problems and dangers associated with school communication IT, particularly safe networking and schools' obligations to liaise with parents. I still think so, but I also accept the possibility that some critics are right and Kwercus misses the point - schools and adults may love the idea but kids will never embrace a social network that smacks of supervision and nannying of this type. If Kwercus succeeds it will be for adults, not for kids. I see its major use as extending the classroom into the home, allowing children access to homework, teachers and friends from home, and bringing parents into the mix. Some younger kids will be happy networking with each other in such a way, but older ones absolutely will not. If Kwercus succeeds it will be in primaries, where many kids are (or should be) net-limited at home, rather than in secondaries, where teenagers will continue to use unmoderated ways of communicating, such as Facebook, and will sneer at the idea of Kwercus. ImJack is sailing very close to the wind financially now. It's a one-trick pony, and if they don't get this product out there soon or find a backer they will go under and take my money with them. I am here for the duration, but I accept this is a punt, not an investment, and no amount of optimistic flag-waving on my part will make any difference.
It seems our good friend shay has disappeared with his 2 posts! Anyway, last night, channel 4 news broadcasted the news on facebook where parents are getting very anxious because of the way its presenting information to their kids. Govt is also strongly focusing on this issue now. As "Kwercus" is about to launch in Jan 2010 which addresses this particular issue, I personally think IMJ will see a huge upside potential! Remember what happend to facebook when it launched, same thing might happen to Kwercus aswel, which I believe is very good for IMJ. Comments plz ...
rns link: http://www.investegate.co.uk/Article.aspx?id=200912030700085047D Forgot to add it
My understanding is that if the company was soo bad, then why these people are invested thousands of pounds? Why they are still asking for more shares? I admit I'm NOT an expert, but if you are saying you are, then why not explain it to us .... Thanks in advance!