Cambridge Cog Share Price (COG)

COG's share of Monument has fallen from 28% to 25% as a result of the £1 million fundraise. There might be a bit of rounding going on but this implies that a 3% stake is worth £1m; so Monument has been independently valued by the incoming investors at £33m, valuing COG's stake at £8.25m. COG's current market cap is £18.28m.

Per the latest audited financials at Dec 2022, the value of COG's investments was £49k. Per Note 17 to the accounts, "The Co recognises its holding in Monument (at the time 28.88%) as an investment.....it does not have significant influence over the business due to the control exercised by all the other major shareholders to the exclusion of the company.

The accounting policy for investments per note 3.17 to the financials is "The Group measures equity investments at fair value, with changes in fair value recognised in other gains/(losses) in the Consolidated Statement of Comprehensive Income.

The 2023 financials haven't been issued yet. They might include a bump in value for the Monument transaction. One way or the other its nice to know that we have an £8m side investment in the wings.

Exciting news from Monument as. Promised earlier this year. Cog’s 25% stake and royalty could prove a very valuable contributing asset.hopefully Cog itself will have a more fruitful year.

Lets hope we 70p soon then . AGREED it moves fast

I don’t think it needs a breather, it’s barely moved price wise despite a considerable increase in buys. It looks like it’s been held down, unless there’s a big sell order in the background. Either way there’s a lot of buy pressure building which I’d expect would be released soon and it would guy 70p +. There’s a small free float here so moves tend to happen quickly

Techs are cooking chart wise needs a breather to build up again into 60/s