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Can we please get the CEO out front & centre and hear how he is going to take the company forward?
Keen to hear a 5 point plan and review a PPT presentation on going forward as there is much potential ahead in these times for a technology enabled biopharm company out of South Africa.
Finally the auditors conundrum has been cured - now lets see the proper trajectory of Umuthi Healthcare Solutions and reveal its leading edge proprietary IP.
Next up must be to surely commence trading.
Is in talks with the UK Financial Conduct Authority regarding the resumption of trading in the company's shares on the main market.
Let's get trading underway..... when is the next RNS people?
Listed on Monday and suspended on Thursday... 77 hours since listed.
Is this a record?
https://www.investegate.co.uk/official-list/rns/suspension-update--umuthi-healthcare-solutions-plc/202103111300019868R/
Kilman
I wouldn't worry too much about that in fact...you can read the whole history and full finances in the IPO , which probably carried over any debt from then into the IPO accounts ....
Mid Term they may get into building hospitals or do clinic acquisitions , so have plans which would help South Africa healthcare ..so..good for the community if that should happen..
For me..I leave it for now..was good just to take a look... they are using an equity drawdown facility - GEM so..you would definitely need to read and understand that if you intend to invest
Gert Viljoen is a major shareholder yes..
The prospectus suggested an initial MCAP of £25m which would make a share price of around 27-28p ...so..I would need to understand the share price at present
Anyway..good luck
http://umuthiplc.com/wp-content/uploads/2021/03/Umuthi-Prospectus-vs-2-14.2.2021.pdf
Reading through the IPO docs the revenue for LEMS which is the money maker over the last few years stands out (in a bad way)
For the period ended 28 February 2017 £134,000
For the period ended 28 February 2018, £105,865
For the period ended 28 February 2019, £87,449
For the six months ended 31 August 2019 : £10,418
I see in the supplemental that
For the period ended 28 February 2020 : €447,831
So €437k was made in the 6 mths Sep 19- Feb 2020. I wonder why there was such a huge increase in this period?
Covid related possibly? Revenue for period ending Feb 2021 will be telling.
I'd like to know why revenue declined from company year 2016 to 2018 and why increase in H2 2019?
TheRetreat, you seem to have more background on this company, any ideas?
This doesn't look good on their corporate timeline (under PC link below).
Petitions to Wind Up (Companies)
In the High Court of Justice
CR-2020-004530
In the matter of UMUTHI HEALTHCARE SOLUTIONS PLC
Trading As: Umuthi Healthcare Solutions plc,
and in the Matter of the Insolvency Act 1986,
A Petition to wind up the above-named company of Umuthi Healthcare Solutions plc (11208220) of Eastcastle House, 27-28 Eastcastle Street, London W1W 8DH, previously of, Eastcastle House, 27-28 Eastcastle Street, London W1W 8DH (where service of the petition was effected), whose nature of business is 64209, presented on Friday 18 December 2020, at 12:00 by ALIGN RESEARCH LIMITED, of Cornwell House, Main Street, Malton YO17 6UN claiming to be a Creditor of the Company, will be heard at the High Court of Justice, Rolls Building, Fetter Lane, London EC4A 1NL on Wednesday 17
PC, It must have just been updated, earlier all links were actually going to a Jubillee Metals Group website. I just checked it now and can access it.
I cant even get the website to open...neither in Chrome or Firefox :-(
https://umuthiplc.com/
https://umuthiplc.com/investor-relations/
Start with the prospectus - if you have read it - and you will see that Umuthi is way out front with its technology enabled IT backbone - I expect announcements to follow on proprietary South African anti-Covid measures and collaborative agreements to come into effect shortly - that offers alternative delivery systems for vaccines - no needles. That creates a unique global market segment that Moderna Johnson & Johnson Astra-Zeneca, Merck & the like are not in and they are regrouping with 2nd generation back up vaccines, as the first round vax's are not effective.
The Converse is true.............expect UHS to be listed as one of the top risers - frequently
Looks like one of these one man shows we seem to see in AIM (eg MySquar - https://www.lse.co.uk/ShareChat.asp?ShareTicker=mysq)
Three companies are mentioned in the initial RNS
- Umuthi Healthcare Solutions Plc
- V Professional Services
- LEMS
and Gert Viljoen is the lead guy in each.
Please do your research before putting down the bargepole.
https://www.thegazette.co.uk/company/11208220
https://www.thegazette.co.uk/notice/3624975
I was just trying to find out a bit about this company....looks like these guys had a previous life.....
Umuthi Healthcare Solutions PLC (LON:UHS), which only listed last Thursday at 30p a share, was comfortably the top risers, soaring 433% to 160p.
The medicines provider is launching a proprietary app that bypasses traditional distributors and trades directly with healthcare suppliers. Umuthi currently has its main operations in South Africa but is looking to expand organically and by way of acquisition in the regions of Africa and Europe.
The share price movement even put Premier African Minerals Limited (LON:PREM) in the shade.
Why would anyone buy this at this spread? Confused...!
Share Price:
160.00
Bid:
20.00
Ask:
300.00
Change:
130.00 (433.33%) ?
I believe that there is talk of blockchain being used with cannabis CBD medicines, and this time it is Victoria Beckham behind it all. The SP will rocket to 35240p is what some pundits predict etc etc
Never again will I complain about the spread on a share! However this is a very handy warning sign - whatever you do, do not invest in this share!!!!!
Tut-tut - why did they not say they were going to secure the medicines with blockchain?
When you bear in mind the global problems with counterfeit medicines it would have made a great ramp factor. Then they could have done a lovely placing at a discount etc etc etc
Tut-tut - why did they not say they were going to secure the medicines with blockchain?
When you bear in mind the global problems with counterfeit medicines it would have made a great ramp factor. Then they could have done a lovely placing at a discount etc etc etc
Spread?
Look forward to seeing the updated sales and revenues - UHS seems well poised to gain considerable traction.
Word from London & management is that the www.umuthiplc.com site will be updated with latest sales & revenues and market cap to be adjusted to around GBP150m
How much mcap here ? I couldn’t find out even with IPO admission docs