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Yes. I'm a happy holder and look forward to the next update in early 22.
And no mention of commercial deal, are we now talking about selling out to Lloyds? Even better news than expected
Surprised they haven’t announced deal yet. Maybe they are expanding trial ? Lloyds are a large organisation could take longer than we expect. Like you say if no good they’d have pulled the plug by now
Hi All,
I reckon we will get another announcement re an extension of the trial and the share price will drop maybe 20%.
I'm not in the least bit worried as
1/ If it wasn't working by now I would have thought the trial would have been terminated way back.
2/ I agree with shandypants that Lloyds is a massive set up and to get them around to signing up will take some time and they are certainly not going to do it so that Trufin can issue a positive news on the due date .
Anyhow time will tell
6 months up on Friday, let’s see
will we get news this week?? lloyds are a massive company and these things can take time for approvals etc to be obtained. Still hoping they might just buy Satago so no competitors can use it
You are not alone. Still a couple of weeks until the year trial is up though. I have convinced myself that, after such a long time it can only be good news when it comes and our patience will be rewarded but you just never know until the RNS.
Getting impatient now…surely some news
Due any day zzz
Hi Folks ,shouldn't be long now ,just added another 23,000 in anticipation of a positive result on the Lloyds deal.
Only four more weeks to hear whether partnership is going to turn into permanent contract. I wonder if it would be cheaper for Lloyds to buy us. It will give them a competitive advantage over all the other banks surely
took 2 days for it to pop but a nice rise today.
i've been unable to buy more than £1k's worth at 75p all day but i can sell everything at 73.5p. Surely this has got to rise soon if the MMs have no stock
Hi,
Good find , let's hope so , isn't the 6 months up on Nov 6th ?
https://www.lloydsbank.com/business/invoice-finance/ongoing-invoice-finance.html?WT.ac=lloyds-bb_and_sme-invoice_finance-hub-tile-FOM-ongoing_if
as per Lloyds business page on their website - looks like a match to what Satago does!!
and here are the TR1s.
Also a good interview on V o X markets from last Friday (link never works, but easy to find).
Satago and Lloyds link up going well and any deal will be material to the group (10th Dec end date), 2 of the 4 entities now EBITDA positive, Oxygen a market leader, loads of opportunities for Playstack etc.
JW seems positive after a few quiet days
Shouldn't we be getting some holdings RHS's soon, would be interesting to see who picked up the 19% ?
No shortage of buyers.
Lets hope they can get this Lloyds deal sewn up in the next few weeks ,
unless i've missed it no comment from JW today. Usually a sign he's looking after number 1. Noticed BIOM recently announced some delayed revenues (so a profit warning) and he remained quite bullish.
There are enough signs of progress today to keep me interested.
TRU's PR isn't get - can't find any interviews etc following the results today. Pretty poor
lor - totally agree, but they did do over £10m in H2 last year so are H2 weighted (assuming Playstack do release something early (ish) in Q4 rather than at the end).
If Satago is sold following the trial end in Dec how much is that worth?
Also, Oxygen is profitable and continues to grow (20% in Q3 was mentioned).
Definitely some short term pain, but hopefully only in the short term, however, forward looking statement/outlook could have been more bullish, so who knows
@shandy if the broker has £17 million revenue for this year and Trufin has only done £5 million so far does that mean it will downgrade significantly? Probably what has spooked everyone
Shandy.
TRU reconfirmed their 'further integration' position within today's results:
"Satago's trial with Lloyds Bank, announced in December 2020, was extended during June 2021 and we will update shareholders before the year end as to the conclusion of the trial. As part of the partnership, Satago is developing further integrations with the Bank's infrastructure, driving additional reach throughout the Bank's regional sales network."
Possibly saigon - but when it was extend i noted this at the bottom of the "Both parties are keen to work closely and continue the commercial pilot, in which Satago will develop further integrations with the Bank's infrastructure and drive additional reach through Lloyds' regional sales network."
Firstly, don't forget the 1st 6 months would have been impacted by covid and when it was extended the 'further integrations with the Bank's infrastructure' reassured me, as why do this if it wasn't adding value?
From today's statement it appears the trial was never an exclusive one, hence the low revenues to date, so maybe TRU are merely stating other companies are interested. Also the word 'significant' is interesting. Maybe another of the top 4 banks. I do remember one analyst speculating that Barclays and Lloyds could get into a bidding war, and i wondered at the time why he would mention Barclays specifically.
Maybe i'm being overly optimistic but within NDAs in think TRU are telling us things are going well. We will find out before xmas. I'm also sitting on a decent loss as of today!!
What may have spooked the market is that in June the Satago trial was lengthened by 6 months. That did not sound good no matter how they dressed it up. The system works, let's buy it, LLoyds did not say. And today we get: 'Alongside Satago's trial with Lloyds Bank, which continues apace, management continue to work on further potentially significant strategic partnerships...' which could be interpreted to mean Lloyds still won't buy it but they've kindly given us breathing space to sign up with some minor deposit taking institute before officially cancelling it.
I hope I am wrong as I am sitting on a huge loss here but one reads as much into what they don't say as what they do say and I am not sure how else to explain this collapse in sp.
Just been looking through a selection of older podcasts and videos. Makes for interesting reading. Thanks
re-read the results and this is the bit that has spooked people
"The pandemic has impacted the growth of Playstack's brand division as clients retrenched their marketing spend and focused it on existing channels. However, Playstack is excited by the opportunity and looks forward to showcasing the technology to shareholders in due course, with a formal launch expected by year end"
Playstack was the big earner in H2 last year that mainly accounted for 100% revenue increase YoY so this delay may be a revenue warning for 2021 as a whole (broker has £17m, which does seem a stretch). I'm not a gamer but the release of Mortal Shell was Aug 2020, perfect for lockdown and xmas. If there is a follow on release we need this no later than November surely. Comment today was by end of year - hopefully just being cautious
However, of the other 3 divisions 2 are now EBITDA positive and Satago seems to be primed for being purchased by Lloyds so it is not all doom and gloom.
I’m sorry but that is just ridiculous! On tiny volume too. Watch this bounce back up this month. The valuation of the company on an EV basis is frankly unbelievable…