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Somethings up ,unusually large volume and decent tick up.
News imminent ?
Sorry wrong thread
The company is now valued below the cash they hold.
Absolutely mad. Zero value now attributed to the entire company. Comments welcome.
Apparently - ‘If a Buy is traded below the quoted mid price, it will appear as a Sell. Basically the Quoted Bid-Ask isn't a true reflection of the actual bid spread’
It won't be rolled out until Q4 2022 and as YE is 31/12 that doesn't leave much time for revenue in the financial year, hence market expectations are unchanged.
I see not being an exclusive deal as a positive. Lloyds has partnered with Satago, not taken it over, so it is in their interest to expand this to other companies - and as per the RNS there are many interested parties - see below.
Satago's platform gives the Bank a new digitised proposition with which to further support UK businesses. Satago will receive a recurring fee for each Bank customer which utilises its platform, plus one-off implementation fees. Satago expects the software platform to be made available to the Bank's customers during Q4 2022.
This landmark contract, coupled with its growing pipeline of commercial partners, ensures Satago is well positioned to roll out its best-in-class platform - benefiting thousands of Single Invoice Finance and Whole of Book Invoice Factoring customers - in the years ahead.
Hi,
Never quite sure how this works ,I did a £25 k buy last year and it showed up as a sell as well.
Notice all the trades have been small in the last few days so I assume it's PI's selling , looks like the institutions are sticking and why wouldn't they ?
The 7142 shares showing as sold this morning was actually a buy by me
They haven't upped projected earnings and so continue to trade within current expectations outlined in previous guidance probably as it wont kick in till late this year. Also, worthy of note is that this is not an exclusive agreement it is a license deal so Lloyds are not bothered about that part. On the plus side they can roll this out to other companies; negative is no major impact to projected earnings. I am neutral on this but i suspect many will be slightly disappointed after such a ling wait.
Why does it not alter market expectations?!
full year guidance unchanged ... erm not sure about this without any numbers
Yes all good ,let's see how the share price reacts.
Lets hope we get some news on Playstack soon as well and find out who they have done the deal with .
Finally the news we’ve been waiting for! Surprised there’s no comments on here about the RNS???
New updated website Trufin.com
Hi yes I'm about.
Had a chat with the Company last week and all looking good.
Lloyds deal should be signed within the next couple of months and don't forget we now have Sage on board as well.
Oxygen ticking over nicely ,a real gem,
Playstack ,I'm waiting for more news on who the " Global technology platform " is.
They are going to do a Capital Markets day around September time which will be well wort attending also I assume everyone has listened Justin Waite interviewing James ?
There are only about 60 private investors ,the vast majority being held by institutions hence in my view the lack of volume.
I'm certainly not selling in the near future
Hello , is anyone here???
Accountant what are the broker projections for revenue & and costs here over next few yrs have u seen them?
Well this as predicted as fallen back to the 50 MA and filled the gap does it bounce from here or will it start to tumble like rest of the market it has held up well up to now but Mindy is a real test at this key level
People want jam now, most traders don’t seem to want in on long term investments. The trouble is so many shares are at risk of being pounded through this recession coming, this will benefit from one…safe as houses I think. When I heard the main investors reckon they could see this being a unicorn (£1bn valuation) that got me excited. I’m sticking here for 2-3 years for that kind of return
Guess so m8. Not much buzz around this one but don’t know why seems to have lot of potential
And I guess this type of working cash flow proposition is so new and unknown maybe difficult to put a price on it for now
I agree it’s frustrating, we want to see commercial terms but loi still very positive. In my game it’s as good as a contract. There is clearly lots of work to do on how much in the way of fees they pay Satago, but surely we hold all the cards? Giving Lloyds and Sage a competitive advantage like this ahead of an imminent recession when sMEs will need cash more than ever is a big positive
90p a tough but to crack and don’t think just another LOI is enough to do it.
Can see this falling back to 50ma before finding support that would also fill the gap. Just from technical POV. The RSI is overbought as well
Accountant I am confused this is just another letter of intent? Where is and when is the commercial deal being signed.
The kind of news we’ve been waiting for. The biggest accountancy software system for SMEs in the uk and big in Northern Europe and USA. 3 million customers worldwide
Good Morning,
Yes the podcast is well worth listening to , wonder who the name he won't reveal is ,maybe Sony..let's hope ?
Also the fact that he is going to give a " capital markets day " later in the year is good news .
Onwards and upwards !