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@18th Dec 2017...... 6 million consumers, 8 billion data points @31st Dec 2017........7 million consumers, 14 billion data points Interesting..
I think a lot of holders that hung in are breathing a tentative sigh of relief, and with a ever-so-slightly (currently) renewed hope of a recovery for the grief endured....
The right way ...Forward! For once I see light at the end of the tunnel perhaps only a pinhole but nonetheless light... I'm down big time on this one...I think, as I have gone this far I may as well stick it out... I have a positive mindset....
Decent news today....obviously not earth shuttering and long long way before we can smile again here but at least some fuzzy glimpse of light at the end of the tunnel....lets hope for further increase in contracts,and revenue in the near future.
I'm actually quite happy with this. Slade can now put his foot down and start to expand his bottom line. The beauty of a DaaS (his take on SaaS) model is that once the system/product is there, scaling it becomes a sales role.
True. I honestly think this is really positive. Im impressed with mark slade - none of the usual jam tomorrow rubbish. Significant cost cutting and improved business focus and revenue. Imagine trying to manage a bloated loss making company with excess of 60 employees! And whittling it down, redirecting focus from one division to another. Moving offices. Getting the RIGHT talent.. I think he has moved impressively quickly! There are quite a few sharks in LSE that would be trying to bleed the shareholders dry and making ridiculous financial choices to raise money by very inefficient means to keep the salary rolling in... we will see long term but I am relieved. I think we may just make some of our loss back here with slade at the helm
Worth bearing in mind that �420k of the �470k was achieved in the latter 6 months, though. So I would expect H1 2018 revenues to be comfortably in excess of FY 2017.
I think this RNS is more about saving a sinking ship and turning the company round. The figures are not what we wound have liked, but they are not negative. A loss and we could have been finished off. Ever the optimist, I think we are looking much better moving forward. All imho dyor wtfdik gla etc
thats what i was thinking and 23 headcount each member of staff producing over 400 pound a week
I think it fair to say the figures are much better than many envisaged! imo Add another 2m :)
Increased 75% to �471,993 Just over �9000/wk I used to own an off licence/grocers store. With 2 people running the place we had revenue of �5000/wk In a corner store. Selling beans Wtf are our sales team doing?
I like this. Proxama Plc, (AIM: PROX), the leading mobile location and data and intelligence expert, is pleased to announce its audited final results for the year ended 31 December 2017. Highlights Sound financial footing � Revenue increased by 75% to �471,993 (2016: �269,062) � Headcount significantly reduced to 23 (2016: 60) � Significant reductions in HR, office, IT, communications costs as well as a review of third party professional fees � Subject to any exceptional charges, the directors expect administrative costs from continuing operations (�4,893,319 for the year ended 31 December 2017) to be reduced by at least 50% in 2018 - with the Company now operating at its lowest ever cost base � �3.1 million placing and open offer completed in July 2017 � One-off exceptional income relating to the write-off of debt during the year of �637,006 in 2017 (2016: �nil) - leaving the Company debt free � Digital Payments division sold for an initial cash consideration of �1.0 million plus potential deferred consideration of up to �1.0 million payable over the next 18 months � As at 31 December 2017, the Company's net assets were �2,551,731 (2016: �435,760) of which �1,140,239 (2016: �2,026,764) were cash and cash equivalents The right team in place � Kelvin Harrison appointed as non-executive Chairman in February 2017 � Dan Francis appointed as Chief Strategy Officer in June 2017 � Mark Slade appointed as CEO in October 2017 � David Rae appointed as CFO, announced separately today � Established advisory board and secured the services of two leading figures in the attribution, AI, location and brand marketing fields - David Philipson and Dan Wilson � Post period end, announced on 12 February 2018 the proposal to change the Company's name to Location Sciences Group PLC ("Location Sciences") New products developed and monetised � The Company exceeded its three KPIs: - � Monetisation of four Location Science products � More than 5 million consumers (7 million as at 31 December 2017) � More than 5 billion data points (14 billion as at 31 December 2017) � Monetise our 14 billion+ data points by data partnership arrangements - generating recurring monthly revenues for the Company Commenting on the results, Mark Slade, Chief Executive of Proxama, said:- "As digital spend migrates to mobile, rising to �5.4 billion in 2017 (�3.8 billion in 2016), location becomes a key component of all aspects of the campaign lifecycle. The Company is therefore in a strong position to offer its products and services to both brands and agencies across any campaign with a location component.
I'm happy to take my premium in cheese burgers! :))
Three things stand out the email reply: Mark Slade replied, there is an upcoming update, and he is very positive about the update. imho Think I will add a few more mil asap
Lol.. I make you right Cashking. Maybe we should write to Mark Slade suggesting a sideline of a fleet of burger and hot dog vans to help our share price increase in value. Particularly if I report does not show significant upturn in profits. In conclusion burgers maybe better than data. Lets see
I suppose we can only wait to see what Marks " very " transpires to be ! Will the market like it ? Or will the current weakness in sp be justified !
ToshLines10 said on Thursday that he/she got an email reply from Mark Slade saying "He was very positive about the upcoming update" With the greatest respect to ToshLines10 if the statement is wholly accurate than it's a reassuring response, with emphasis on the word 'Very' imo
As we know there's been significant cost cutting going on ! Taken from June 2017 results Location Sciences revenue Year ending 31 /12/2016 �204,189 Six months - 30/6/2017 �48,952 Very much looking forward to the full year results ! And seeing a jump in revenue / mind you not hard from a starting point of �49k ! After all a Burger van makes more than that IMO
The amount of shares in issue is almost irrelevant, as if the sp goes up a couple of clicks (or even if it doesn't) at some stage we will no doubt see a consolation 20/1 or 30/1...... I've been apart of similar situations a few times over the years, admittedly not at 0.023, but the principle is the same.
Whilst it is true that peel hold a large amount of shares and Barclays have a large amount of warrants, I find the supposition that they would try to dump their holdings on the market to be ludicrous. Peel have had opportunity to reduce their holding and have not done so. Is it beyond the realms of possibility that they believe in the company and are holding for a better price ?!
Peanuts ,compared to the 5 thousand 800 million Barclays have available ,and Peels x amount of thousand million ,not much chance of shortage of available stock IMO
Barclays hold 5,863,021,931 at an issue price of 0.03 pence per share. This equates to 29.9% of the Company�s share capital, and were received in exchange for the release of the �2.5m loan facility. A Lock-in and Orderly Market Agreement ("LOMA") was agreed. The warrants cannot be exercised for six months from the agreement (until 26 January 2018) without the prior written consent of the Company. A further provision was agreed where the warrants cannot be exercised for an additional six months (until 26th July 2018) other than through the Company�s Broker. In accordance with the terms of the loan redemption no funds are payable by Barclays on exercise of warrants.
103m traded today as per ii Aerial - I didnt do much research into MS but looking at his profile, He gave me confidence and hence I am invested here. Lets see where he takes us and Proxoma...
Hurting? I'm loving this
Not a bad day...