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Was on linked in. Couldn't link on phone. Tried to refind and seems removed. Was a post saying first full transaction on lloyds but had thought they were already live post trial. Hopefully next trading update will shed more light.
Nathan Hi,
Where did you find that info?
First customer live on satago via Lloyd's
Good to see Playstack had a nomination in the Debut Game category with "The case of the golden idol " in last nights Gaming Baftas in London
Shame we didn't win.
I'm still very positive and holding
Looking forward to more good news
Hi,
I guess they must have bought off book from another institution hence the large unknown trades recently ?
Think we are due some financial updates this month , would be good if Satago could sign up another big one .
I'm holding
Gresham house increased their holding. Holding over 12% now. ATB
i do think Tru is undervalued, however, a paid for broker target should always be taken with caution.
I think the big question is whether it can get to EBITDA positivity with the current cash in bank. Based on today's update it is a big if, and this will be a drag on the SP until we have more clarity.
Topped up early this morning with a near double of my existing holding when my limit order to buy was triggered at 2.5% below my set price. Very happy. Could trade as that large buy is now well in profit but I'm a LTH so won't.
As regards fair value, have a listen here:
https://www.youtube.com/watch?v=2l1ZSR2KOP4&t=2220s
A bit like the H1 update i'm a little underwhelmed. All areas are growing but quite slowly and total net revenues are less than staff costs, and that's before including operating expenses, hence the big loss.
Another £8m loss whilst the BOD take big salaries including bonuses whilst the SP goes down leaves a bad taste.
Cash must be managed going forward. At H1 it was £12.9m (after a placing and the £5m for Lloyds) and in the RNS it stated it was £10.6m on 31/8. We cannot continue burning c500k plus a month. Hopefully, things have improved in H2 as revenues have risen, especially in Satago. Hopefully YE cash is at least £8m.
On the positive Satago is now nearly live at lloyds and also Sage, so these should be big earners in the years to come. Do not under estimate the value of having 2 FTSE 100 companies onboard.
Oxygen continues growing steadily and is in a niche market with limit competition. Only last month a £26m big was rejected.
With the current market cap of £57m i suspect the combined value of Satago and Oxygen is significantly above this figure - maybe £50m each?
Some monster trades sneaked in today roughly 600k pounds worth an not moved the share price an inch?? Must be buys as surely they'd crash the price otherwise!!
Hopefully satago is about to go fully live with Lloyds an sage!! Interesting times lay ahead
I'm a LTH (2yrs!) or LTL (Long time loser)! Everyday recently I've checked out the trades and they're always red - I know this site can print sell when its a buy but the prices struck suggest its been sell sell sell ... Today I just looked and I have to pick myself up as there is a 150,000 blue buy - please let this be real.. not moved yet but maybe this could give it a boost .. however small .. It would set me up for the weekend..
The chart looks dreadful. Not huge volume, so that's a positive. Just cannot see a support level until 20's if this closes below 60.
imho last weeks H1 was a little underwhelming.
Whilst all 4 divisions are growing total revenue is still only c£6m and the loss was almost £5m. I can't see Tru turning a profit for quite a while. Oxygen seems a solid business and is EBITDA positive and maybe now the Lloyds deal is sort Satago's revenues will start growing quickly. However, for a c£70m business IMHO this is not cheap.
Playstack is either the division that will take off or will continue being a drag on costs.
Good find Chazzy ,
Really can't understand why they didn't announce this deal either ?
Any thoughts out there ?
Also we still don't know "the household name " that Playstack are involved with ,any ideas?
https://pressat.co.uk/releases/satago-and-visa-partner-to-offer-visa-business-card-users-discounted-access-to-the-satago-platform-3b593989c2910c075df9a083b1819552/
Don't know why this wasn't RNSd. Another great deal for Satago in addition to Lloyds and Sage already.
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