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I said what I wanted but you ignore point entirely. Was it all organised so major shareholders could consolidate ownership back to complete control levels after the RTo. Was this the pre med plan all along. Pretend to be a public company with shareholders because? Getting some licenses required it? Lenigas ramped this as paying a dividend ,as being a genuine growth story to get involved in, that he'd checked and put name to as like a kind of 'lead underwriter' but G and B had other ideas all along. Cancelled div, stalled interest, consolidated control above levels that would have been permitted at RTo while keeping share price low to do do ( and someone immediately sold straight after RTo to help matters- I ask politely again if it was insider or strongly connected).
Who know’s ...
With no divi this year, there will be even more money sitting in the bank.
That might even be enough push our market cap up a tad :-)
We are at a huge buying opportunity at the moment taken from last rns.
GIS has in the period become a CREST participant and we will shortly launch our service offering in the UK to regulated entities and professional clients.
Estatex I have received £1000s since the dividends started paying out in Oct a few years ago. Sorry you missed out.
Maybe it is being investigated because it was damn suspicious. Investors will be compensated fo all losses incl from extra interests or injury over past 4 + years. Separately Lenigas who has taken out hundreds of people in UK may survive by repeating he loves HMQ a few times
end=rns
Although the end say they were hoping to publish end of Oct.... they are not breaking any rules for missing October deadline
I thought they were granted an extension for 3months to file accounts ... 31st December is deadline?
Final results where to be end October.
Maybe Monday then????
Revenue up, Profit up, Cash up..
Dividend happily received over the past few years.
Forgot to say most involved are tax avoiders which is reason everyone else pays more. Austerity put up my bill 33% but due losses here that turned into 50% plus ongoing with fines and interest. Something has to be done to protect investors. Banning tax avoiders from any directorships could be long overdue start
Is anything going to be done about behaviour of Lenigas, Gun and Barby for allowing the ramping at 2x the upcoming float price. Investors immediately lost half their money. Also Lenigas said there would be imminent dividend. G and B etc cancelled that unilaterally which had effect of stagnating share price and interest in it. They then behind scenes used opportunity to consolidate their ownership of company above levels that would have been permitted at RTo by rules AND now can take co private at any time they want. In my experience shareholders should not trust that such people in this position will not do so. The idea that shareholders are ever part of a team is completely foreign imo
With a mcap of c£9M, cash balance of £5.6M and an ever increasing profit stream, currently £1.5M per annum, I believe this is a gem of a company.
The 150k “sell” this morning is actually my second buy into OCT.
I am invested here be it a small position, looking good here and gaining momentum too. I would like to suggest a tip to you. please check out SYME also in there too.GL
Having their own Crest code is excellent
Hopefully can give Jarvis and the like a run for their money if they can get it right
As we are already established in the USA and up and running in Hong Kong. This Crest authorisation looks like we are now going for UK dealings?
Revenues since March 2020 would have increased if you follow the trend of banking clearing companies especially on HK exchanges.
As somebody already said not to many penny shares on aim showing steady growth in these uncertain times.
Cheers
IN BRIEF: Octagonal Full-Year Revenue And Profit Set To Rise
Wed, 30th Sep 2020 21:00
Octagonal PLC - financial services firm - Granted three-month extension to publish its results for the financial year ended March 31, now expected to be released in late October. To report revenue of GBP5.7 million for year ended March 31, up from GBP5.3 million year before, with gross profit rising to GBP4.3 million from GBP4 million.
Current stock price: 1.85 pence
I'm hoping they will still maintain it as they have plenty of cash in the tin, however we have seen plenty of the banks and insurers amongst others suspend dividend payments for this year
Thank you. It was a crcking divi last year so here`s hoping
The figures from Hong Kong will be added in October and then I assume a dividend will be sorted out.
are we getting a divi this year ?
Very pleased. £10m market cap should fly from here.
This should be on a pe of at least 10 with margins like that and that isn't even taking into account the potential growth from the licenses and core business!
4x upside here?
What do others think?
Nice update and looking forward to Audited Consolidated figs in late October.
IMO being Profitable, with GIS cash of £5.15m at Year End(Group cash £5.62m) the MCap of £9m is way undervalued.
Patiently waiting for Interims(due in middle of Nov, but may also be delayed on extension request) as this covers the period under COVID Pandemic Lockdown.
As always,
DYOR