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The liquidity here is woeful. Considering these meant to be on the verge of a major deal with Lloyds you can't tell from the SP. Looks more likely to see further delays or no deal judging by the SP.
Board need to come out and give an update now getting depressing
When’s the Lloyds deal happening and which other household names are you taking to? Lack of communication doesn’t help the sp drift upwards over time, investors want to be kept up to date with newsflow, positive or negative. This is starting to feel like we don’t know what’s going on or where Tru is heading
In this economic downturn guess what businesses will need? Borrowing and cash flow. That means more business for Tru and Lloyds
Lol indeed. The BoD are either too busy wrapped up in mega deals with major banks or don’t know how to manage the markets. To be fair it hasn’t slipped much in this market because all investors are waiting for multiple news flows, starting with Lloyds, then I reckon we’ll be onto HSBC, BARC, NatWest etc. each deal could be worth tens of millions. Just a matter of time. Let’s see what Lloyds commercial deal looks like in next month or so
This is such a slow share. Nothing happening no chatter no movement in SP. It's like a zombie stock. Is anything actually happening??
When you listen to a couple of Justin Waites pod casts and investor club videos the new non executive director said he joined to turn it into a unicorn, which means 1bn market cap listing. That would take us up 15 times from where we are now. They obviously know something we don’t. Exciting share that very people know about.
got just over 50% of what i requested (via HL).
Satago looks really exciting - some have estimated its valuation could be the current SP alone. More details of the Lloyds partnership would be good as i don't think it is included in the SP.
Hopefully 2022 will see Playstacks also reach it's potential as the other 2 areas are growing and profitable.
I got 1/3 of what I asked for so must have been very oversubscribed, that says it all, investors here believe there is huge potential to unlock.
What I love about trufin is whether inflation is high or not business’s will need Satagos working capital borrowing facilities more than ever. What an amazing invention. If trufin sell this to other countries think what it could be worth. Some of the uk based banks are huge worldwide, so won’t be difficult to roll out
To sweep up more cheap shares at 75p
Gone for as many as I can before Satago is IPOd
on V o x markets - link never works for V o X. It appears 2 of the products are profitable, Satago now has the deal with Lloyds and the one remaining one Playstacks whilst loss making has the most potential. Not much not to like here. Sum of the parts definitely worth more than the SP.
The placing at a small discount should get us to profitability in 2023.
Question - Lloyds will be investing £5m in Satago - will that money hit our bank account??
Me too. Applied for as many as I can afford as allocations will be scaled back I suspect. At 75p anything you buy is immediately in profit
The fundraise has seemingly had no harmful effect on the share price which is encouraging. I am taking up the rights and buying more as this is a low cost way of topping up rather than paying these inflated MM "offer" prices
Hi Chazzy,
Link doesn't work , who was the interview with ?
https://www.**********.co.uk/articles/james-van-den-bergh-of-trufin-explains-the-significance-of-satago-s-agreement-with-lloyds-bank-ef1ca16/
Yes good news indeed.
Can't see why on earth anyone would be selling this now ?
Yes excellent news. I think though more is to come in regards to the future of the company. They needed to get Satago over the line and with that the way for them is clear…..
Fantastic news this morning, the revenue & profit generating potential from here is very significant.
"Satago's platform will introduce a new digitised proposition designed to help the Bank further support UK businesses. Satago expects to be paid a recurring fee for each customer of the Bank which utilises Satago's platform, as well as one-off implementation fees, with the final terms of this landmark agreement subject to commercial negotiation.
TruFin is also pleased to announce that, ahead of signing the commercial agreement, Lloyds Banking Group has today completed an investment of £5 million of new equity capital in Satago, at a pre-money valuation of £20 million. All parties believe that the commercial agreement will be transformational for Satago and has the potential to deliver significant equity value uplift for Satago."
It was a comment on vox markets and Sharepickers videos. If you search on these sites under TRU# it should pop up. Can’t share link on here for some reason
Accountant I can’t find that comment online from Anders. Are you able to share a link to it?
Next couple of weeks I’ve heard and all will be revealed. Not long now.
The only buy on here was mine from
Earlier. Very quiet on here, people just sitting here waiting for takeover or news of satago. CEO said early 2022, I’d call Q1 early so not long to wait.
I loved the comment online where the new non executive said he’d come in to make us a unicorn, I had no idea what that meant. Apparently a startup with a $1 billion market cap…..that’s 10 times our market cap today…gulp
was my buy
Hi,
There is only 1 trade showing today as a 5,000 share sell, was that your buy ?
Back in
Hi,
Trufn is Gold,
I'd get back in sooner than later if I were you.
Best of luck to all holders.
I sold a few days ago to get out while the markets were falling thinking Trufin would fall so I could get back in at a lower price point..it didn’t happen oh well. Hargreaves sold my shares as a stop loss and they showed up like the ones you refer to. However in this case, the price went higher so must be buys.
Hope that helps. Gutted I got out thinking I was clever. No shares are sheltered from this storm except it appears gold and Trufin….if it doesn’t drop in next few days I’ll buy back in