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Give them a chance bud. Dear god.
I hope we see something more, no date for official launch of new company, no update on legacy, shareholder declarations etc etc. Time for a proper update, not this woolley statement.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/WDC/14143973.html
Chief Executive Officer, John Quinlan, said: "I'm delighted that the name change to Iconic Labs has been effected as the name reflects the current direction of the business in the new media space. We have a proven track record in the delivery of advice, strategic planning, content provision and developing technology, primarily garnered from our time at UNILAD, which achieved revenues in excess of £10 million per annum; we are utilising this experience to build a business. There is a distinct opportunity in the new media sector and, since joining in March 2019, we have made progress establishing the offering and building out our market presence. The reception from our targeted market has been good and we are now leveraging our team's knowledge, experience and contact base to implement our strategy to create shareholder value."
now formalities out of the way...cant wait for next contract news or an update on the £1m revenue one we currently have
What time does the meeting end, will we expect an iconic RNS
I've just seen your comment "Several Contracts in Documentation Stage' from 8 weeks ago." So what if it is 8 weeks? Same response, they are not going to announce every detail as negotaitions proceed. It would not be a prudent way to handle new contracts. I am sure they will take great delight it announcing new business,when it is appropriate.
What on earth do mean, sets expectation? What they are doing right now is basic routine admin. Lack of news flow, what real news flow do you expect at this stage? Do you exoect them to tell PIs each time another admin step is takens? Not detailing each step in an RNS, or or news release, is harly working in the dark.
Look the field they are in, it is not capital intensive and success can come incredibly fast. Let's give them a break and wait until the name change is complete. Thet is the time launch effectively. If the don't then we will have grounds to complain.
are we iconic yet !
You’ll drive yourself mad haha
Well why are you asking us? Email them your query. Nobody here has your answer bud.
All I'm asking is for the news on the 'Several Contracts in Documentation Stage' from 8 weeks ago.
Surely getting work in and RNSing it is the priority for a business or are they just a loan vehicle ?
And that’s just the things I know of. They also won a 1m contract.
I’m patient and prepared to give it until at least early 2020 to see how things pan out.
Dear god. Buying and selling a house can take 3 months for solicitors to deal with the small amount of paperwork involved.
In that time they’ve ousted the old board, dealt with all legacy issues that were left behind, went through a tricky conversion process. Assembled a new board and complete new business plan.. sorted new articles of association, and now proceeding with name change.
Give them a chance!
Listing the steps just sets expectation. This isn't like changing a shop sign.
No one is 'accusing' them of delays but their lack of news flow is worrying after the PR and Promised Contracts blitz from 8 weeks ago.
A new company should be aiming to please not working in the dark.
They could hardly launch in a blaze of publicity until the name is changed... and by the way it is a brilliant name. Most of the delays of which they are accused are routine admin matters, they will be sorted. Listing the steps makes it look like a problem when it is not. This is effectively a new company and I repeat, give them a chance to sort admin and them get going with a launch in the new name!
If they get this right the potential is just massive, if they don't it could jog along without achieving much or it could collapse. With their past experince and hoping they have learned from what looked like immature mismanagement, I believe they will get this right and who know what the value of this sompany mihght be in a year or two... or less possibly.
I know what people have been saying about DS but he does offer a wise head to ensure financial prudence and direction to actually turn online success into profits. I like this opportunity, risky perhaps but potential by bucket loads..
Yep , but that stock only has 300m shares in circulation. WDC has 1.3bn.
They need to be bringing in £20m+ of business a year to get to the equivalent.
When you buying in big ten?
Let's hope it's not "ironic"
Let's hope they get an progress report out. We are due one. It's been a while.
and the response by Main Market FTSE investors . Is that paint drying ……?
My thoughts exactly pommy. Let’s get the name change out of the way, and see what pops up in coming weeks. Already 1m contract, be amazing to see another of similar value land during summer.
Exactly my thoughts, they are lined and teamed up to win, and ea h has a purpose, game on
I don’t think they’ll want to let their own “credibility” down first & foremost! That’s how I read this story from interviews & RNS’s.
Tomorrow the journey starts, let's see what's in store over the next few weeks, they have had the time to kick this off with a bang so fingers crossed they don't let us down. Gla
Retour- I prefer to find whatever answers I can from the RNS’s & interviews. So didn’t want to speculate too much before, but all good questions that need answered. What I can’t find an answer for, i just gotta play the waiting game for future RNS’s dropping or from what I listen to/read in interviews. 11am for GM is a good time though, so hopefully news by midday or there about. Tomorrow, i am hoping for numerous RNS’s to drop, but I am only really expecting a vote result & a dry update as to not be too disappointed if I see nothing else lol