Science Sprt Share Chat (SIS)

Ah nice to see confirmation on Sushi. I called this last year.

On performance, this is looking hopeful. I just hope this is operational rather than purely personnel costs as we know it's been a bit of a massacre down there which can be a good thing if they're replacing with quality. I suspect this may be a flag in the long term. My bigger concern is the international business as this was touted as the growth opportunity. Something I agreed with Phony Moony on back in '21. Competition in the UK is high with some far better players.

No sushi for a month ! Maybe there really is no smoke without fire and he was SM ! He's certainly active elsewhere trying to chase up share prices like FUM. Unfortunately for him FUM's product isn't 'stiffening' up anything with reliable regularity and so nobody knocks twice. Anyway enough puns for now......, todays half year results for SIS reveal the extent of the reset. Half year revenue is hit (perhaps much less than I feared) and early shoots are visible of increased profitability, which we hope they will grow further (as per their promise), after exiting unprofitable channels. Can anybody remember what was the share price was previously when revenue was about £50M annually?? A little higher than 25p ?? The next 6 months are critical for the Board to prove their strategy and although the journey will take a couple of years I feel we may now be on the right path to a business worth selling at a premium.

And I though it was Henry, the mild mannered janitor. So perhaps Sushi's hidden identity is revealed, but in reality I think SM was far too much of a narcissist to care about an online discussion forum. He was/is ruthless in his management style but shrewd enough to know such forums couldn't affect the SiS share price and anyway he was too busy blogging elsewhere to his follower(s). The new management "values its retail investors" we are told so we can expect a different approach. The online investor meetings were as painful as the company meetings you clearly sat through Mr Foreverhopeful. I have held these shares for 12 years so I think I too must be forever hopeful or maybe just deluded !

As a former employee we all knew and joked about Sushi being SM after he was fired last year. He even uses examples in here that he used in his painful company meetings, talking about the same references. Hotel Chocolate was a favourite as was THG etc. You don't need to be a linguist to match up his rather abrasive use of the english language.

Yes lone

It is certainly good that they are investing £1mln

I won't post again but was getting tired of raw fish talking nonsense on other shares while exuberant ramping on ones he was /is in while admitting he has lot sof investments 90% down or de listed

Maybe he should show a little humility

Gluck SIS

Well Laura2022, our raw fish and rice loving friend certainly stands accused of some ramping up in the short term but his optimism isn't completely deluded, if viewed slightly more long-term. The Exec Chairman just put £1M in to this business at 17p. He clearly thinks they can get substantial traction in next 2-3 years and wants a piece of that action, when this business is sold (which it will be eventually). As I said in my earlier note I wasn't happy to put more money into the retail placing to prevent my own dilution, and I wouldn't have done it at all if Stephen Moon were still there 'bending over' the shareholders every couple of years. This does feel different and even the incentive plan announced yesterday is weighted to growth in market capitalisation and not revenue (the previous CEO really did bend the shareholders over each time he did a placing). There would have been no placing offer to smaller shareholders previously as Mr Moon was only driving his own interests. So I do feel that, as much as Sushi is not helping others believe in the potential. It is possible to see 50-60p in 3 years time. Watch this space !

Great track record t0 be giving advice

Ilovesushi

Posted in: CPX

Posts: 4,112

Price: 0.1875

No Opinion

RE: BUY THE DIPToday 09:22

Simple investor.

AGM

EVE

VOG

AAOG

FLYB

All delisted.

I think I am sitting on half a dozen shares that are down 90%

And of course I am down on a small holding here that I bought at around 7.0 pence. Which I think is now

Keep digging sushi

Always good to see director skin in the game compared to companies like PYC where they hardly ever buy shares in their own company.

Dan Wright, Executive Chairman, purchased a further 613,000 ordinary shares in the Company on 5 July 2024.

Joner

Yes there is dilution. But cornerstone investors accepted this dilution. Now share holders are diluted. Own less of the company. Yet that company is now primed for growth. So a smaller part of a company but a smaller part in a more profitable company.

Obviously there are different type of placings. One that just keeps a company ticking over and does not improve the company and others placings that can change things. Hence the small discount.

Look at PYC which did a 50% discount, and has not wiped out most investors.

Much of my holding was bought 12 pence, so up for me. I have not been wiped out. And as the share price is up as the market likes it, I do not see that shareholders are wiped out.

Still see a take-over here from other players. But admittedly I did not for-see a placing. One of the better ones though.

Oh and Sushi, I received my corporate action this morning with a 2pm deadline on the retail placing offer. I have committed a fair amount more cash to maintain my holding (not something I do comfortably or willingly) but I do feel that this company will make a profit in a few years and I wont let the new management dilute my share of the business that I have fought to maintain for 12+ years ! I was here before them.

I think what our Japanese food loving shareholder doesn't address is that liquidity in this stock is so limited. The vast majority of the shares are in large institutional investors hands and HNW individuals. The share price wont change on private investors confidence (or lack of it) in a placing and the "holding up" of the share price is simply because the larger shareholders wont sell at this price. I must say to Sushi that I hold more shares than a number of the Board (at least unti today !) so I want this to rise. However, we cannot affect this and its a placing that appears organised to help the management take a share of a future sale.

Strange behaviour - on the 25th when the shares are actually admitted to the market, you’ll own 20% less of the company than you did on the 24th.

Whoop whoop 🙌🏼

Some posters on here (small players) suddenly may have issues on this placing but the bigger players (who is what counts) like it and have marked up the price.

Strange that. Who was predicting 10 pence today?

18.5% Up 4.5%.

Seems some here wanted to put the knife in today for some reason. Now why would they want to do that?

One of the best placings I have seen for some time. Well supported and will immediately project the company forward and to profitability.

HOPALONG

"Why would anybody throw more money at this dead duck" Major shareholders and institutions. And with this raise it actually saves more money and makes the company more efficient. And the share price as I speak is up, Not by much but it is up. Obviously not a dead duck. I can point out many dead ducks. And I have a few in my portfolio. Who does not.

For a fact. I bought these at around 12 pence range. So up around 50%. Please show me more dead ducks where I can make close to 50%?

Stayed tuned.

Laura.

I did not see yesterday. Only just seen.

One of the better placings I have seen.

Well supported placing. Most placings are doing massive discount. And the share price is up. Looks like the raising of cash improves performance and makes more savings...

Come on Guys, did you all expect these shares to fall?

He is a total fantasist

Why would anybody throw more money at this dead duck, after all these years it has never made one penny profit, 8 million to put more money into the incompetents that have run this pie in the sky, smoke and mirrors company into the ground and they know who they are

No surprise, everything Blue Moon has touched turns to carp, he always gets out before the carp hits the fan, SIS is just like PXS never turned one penny of profit and really people like Blue Moon and his associates should be banned from ever being allowed to run companies, but then AIM is littered with failed companies where the unscrupulous have been allowed to keep their snouts in the trough

Where is "Sushi" indeed with his rampant (or should be ramping) promise of great days ahead ! What was it? 40p was looming Sushi ? Sadly deluded. This 25% dilution and its manner is very unwelcome. We thought that the new management was taking a different approach to Mr Moon but here we go again. I was there at the start when SiS entered AIM through the reverse takeover of Provexis. 56p a share at launch and 12-13 years later we are where we here at 17p. They don't even seem to have a great reason for the £8m needed. The Directors will put in £1M so I guess they believe the true value is higher than 17p but what a sorry story this has been.

Strange you haven't commented on these placings sushi

More dilution - I expect carnage tomorrow.