Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone 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.
Seeing a lot more volume recently, looks like there has been a seller but new buyers have been soaking up the shares. It feels like we are ready to fly. Ridiculous market cap considering the NAV so very little downside, huge upside potential....
More positive news today, just need to build a bit of momentum and see some volume and away we go!
Https://www.londonstockexchange.com/news-article/MFAI/new-investment-by-svv-uk-software-fund/16507003
Nicholas Lee, Director of Mindflair, commented:
"We are pleased to see another exciting investment being made by SVV in order to further develop our AI-focused investment portfolio. An investment in an innovative company like Ittybit underscores our commitment to advancing AI technology and supporting high-growth enterprises."
Great news for a change
Https://www.londonstockexchange.com/news-article/MFAI/new-investment-by-svv-iii-limited-partnership/16503503
Nicholas Lee, Director of Mindflair, commented:
"It is encouraging to see the first investment being made by the third SVV fund into a growing company in the AI space. This investment again highlights the great potential within Mindflair's exciting AI focused investment portfolio."
Https://www.londonstockexchange.com/news-article/MFAI/new-investment-by-svv-iii-limited-partnership/16503503
Nicholas Lee, Director of Mindflair, commented:
"It is encouraging to see the first investment being made by the third SVV fund into a growing company in the AI space. This investment again highlights the great potential within Mindflair's exciting AI focused investment portfolio."
Mcap is around £1.4 million, they have £700k from the recent raise, £600k in cash and liquid assests and around £5.4 million in investments. Selling seems to have exhausted itself, price has begun trading sideways .....feels like it is going to go pop. Just need some volume or a little spark to bring in the buyers......
GENERAL MEETING Agenda
"01
TO AUTHORISE THE DIRECTORS OF THE COMPANY TO ALLOT RELEVANT SECURITIES PURSUANT TO SECTION 551OF THE COMPANIES ACT 2006 (A response to this proposal is mandatory)
02
THAT SUBJECT TO THE PASSING OF RESOLUTION 1, TO AUTHORISE THE DIRECTORS OF THE COMPANY TO DISAPPLY PRE-EMPTION RIGHTS (A response to this proposal is mandatory)"
All Resolutions passed
The Market appears not to be bothered one way or another. 1 trade suggests there are no surprises ?
Usually the traders get wind of anything untoward or otherwise long before the market and adjust the share price to suit.
But so far everything is as clear as mud.
I couldn't find it either, always concerned that they might take it private, what is the chances of that happening as it is AIM and all sorts of dishonest things happen there. Want to buy in at this price but not if there is a chance of a delist
Has anyone been able to find, and download the full text for the GM ? If so would it be possible to upload it here ?
In view of today's share purchases, thus so far as writing, 703,000 share equating to £4K in quick succession. Why not follow suit if you're brave enough and have the bottle to chase potential upside ? It is the best and only positive indication after a very long time of inactivity, FACT.
If you listen to comments made by those connected with the Company they believe that events are coming which will release value.However the share price clearly indicates a lack of confidence in the Company strategy.
There also appears to be skepticism about the true asset value.
Hi mbvb2: your obvious positive astuteness is falling on deaf ears. I still believe that the stock is overpriced, even at the current mid price. Sure Ventures share price has been allowed to retreat for a while now possibly due to the lack of Corporate City support. It is unfortunate that so many ordinary shareholders who bought into the Corporate package feel let down, as time and time again they bought in on highs following momentum buying based on the flimsiest of share enhancing news. So far there has been no substantial buying up of the stock at current levels suggesting that the market is sceptical as to any significant share enhancement forthcoming news or any share enhancing upside valuation ?
We will just have to be patient. One of the best investments they could make would be to buy their own shares whilst we wait for small cap investment co's to come back in fashion. To get close to NAV the share price is going to have triple or even quadruple from here. Whatever they do I believe that buying at these levels will generate decent returns over the next 12-24 months.
If MFAI has invested the £700k then it would have been appropriate and good Corporate Practice to update shareholders . If the £700k is still to be invested and sitting in the Bank earning nothing ? That is not good Corporate Business. Either way we need to know what happened to that £700k is that not a sensible question to put to an Investment Company.
Does anyone know when the next results are Due .There is not exactly a great news flow communication
It would not come as any surprise that the recent fundraise has been absorbed into the Corporate working capital black hole, or is that too cynical approach ? One would have thought that Investments were lined up ahead of any fundraising, and any investment/s were reported more or less immediately or within a reasonable time shortly afterwards.?
Nope, still not done anything with it. Market cap is now just over £1.7 million so over £700k is cash, means all Mindflairs investments are currently valued at £1 million. It was over £7million at last reported NAV but emergent was a loss of around £1 million. Still massively undervalued here, hopefully.when they announce what they are investing in sparks the share price into action
Hi. Has there been any reported update on how the last £700k fundraise was use, and or invested ?
Hi Derbyday. I think that it has been well and truly "docked" ?
The most I would want to pay for MFAI shares is around 0.85p, even at that price I believe them to be overpriced ? But this is the Corporate world, with a little Corporate hype, and momentum buying could push the price to around 2.5p towards end February.
Well ! Well! No surprise here, and Not far wrong from the next phase truth ? So that will be 274 or so millions shares issued now.
Have any Investee Companies shown a return on the invested monies, or has MFAI shares given any sustained shareholder value upside ?