Member Info for 4PetesSake

Volume is still very low. However most of us will have probably noticed the 5K or 10k buys that have occurred over each of the last 4 days, which is at last seeing buys at "Full Ask" and the SP very slowly edging up. Perhaps we will soon get an RNS, which will shed some light on this unusual occurrence.

Thanks for that link. It was interesting to listen to FB's rationale for the acquisition.

Toshack

I hardly post on here anymore because of the groundless accusations from a few people like you.

I actually cared enough to take the time to go to the AGM and gave a fair and accurate report of what happened, which was appreciated my many. I then concluded it with my one observation namely, "It certainly came across to me that they intend to reduce needless costs and thereby create a lean and effective operation.".

This observation merely pointed out what it appeared that they "INTEND" to do. I did not say that they would be successful. Indeed they may not be able to achieve what they intend to do.

For you to suggest that my post was ramping up the share, suggests that you have no comprehension of what ramping up a share means. No one in their right mind could come to that conclusion. But then you've always enjoyed having regularly had little digs at me and this is just another example of your bitchiness. Please get a life.

If you really think this company is going nowhere then please do what others have done and sell. The mere fact that you haven't would tend to suggest the opposite.

Fully agree. Toople is operating in the same Telephony/Broadband area as COMS did so unsuccessfully and if they persist with this line of business they will soon be history. For sure none of us who invested in COMS would consider any sort of investment here.

The worst time to buy here is just after a good RNS when the MM's mark the price up on opening. Far better to wait until a day or two later when you can get it at a more sensible price.

There is so much competition in this market and customers show very little loyalty and will quickly switch to the next best deal that comes along. This makes it almost impossible for Tiddlers like Toople to survice. A couple of years ago this floated at 8p and has been falling ever since and is currently down by almost 96%. This placing is just a sticking plaster.

Note the word of the CEO, "We EXPECT this funding to see the Company through to positive cash flow generation and to provide us with a stable financial platform to exploit the new business pipeline we are creating.".

Positive cash flow generation is a long way off making any profits. He uses the word "Expect" a lot in RNS's and I very much doubt that his expectations will be met.

Only 11 trades with 6,789 sold and 59,656 bought.
It'll be interesting to see if this continues on Tuesday.

You have a very good memory. I did and regret it.

Well moving on a couple of years and the company has now changed its name again to Smartspace Software (SMRT). The Share Price is now 110p, but there has been a 100/1 consolidation so in old money the SP IS 1.10p
.

OFF TOPIC

2 of the 6 biggest fallers today were Toople and React Group!!!

Now what have those 2 companies got in common?

If I remember rightly Toople started at 8p less than 2 years ago and is now 0.275p.

I've no idea why in the last month the SP has increased by 14%, with most of this being since the name change. Hopefully we will soon hear news (perhaps of acquistion) which will cast some light on the SP movement.

Well during the last month VM and CYBG have been the best performing banks in the Banking Sector - Happy Days. Another nice rise today.

I've more or less found the answer to my own question on the following link:

https://www.telegraph.co.uk/business/2018/07/26/virgin-money-takes-8m-credit-card-hit-ahead-cybg-takeover/

The merger was supposed to have been agreed in Mid June. However we are still waiting for any official comminication regarding a consolidation in the merged group, name of the new group etc. Does anyone have any idea why it's taking so long? At least in the meantime the SP has reached the levels that we hoped it would for a takeover to happen :)

The Ex-Dividend date is the 9th August so I expect the SP will rise a bit more until then and then drop back slightly.

This now has a feel good factor about it convincing me to buy a sizeable chunk of shares at 126.26 this morning. My daughter works as a Vet for Vets 4 Pets and I'm very impressed with the set up. I believe that from these low levels PETS could be one of the best performing High Street Retailers over the next 12 months.

As so few shareholders were able to attend the AGM I thought it might be useful to provide an update. Unfortunately for some this has not been the case and they are clearly very hostile toward the company. It begs the question that if you no longer believe in what the BoD are attempting to achieve. Why are you still invested here and why are you not attending the AGM, asking questions and venting your anger to the BoD.

Before we start dissing the BoD, lets just wait and see what acquisitions they make and what impact they have. Yes this could go one of two ways, but it's way too early to start making predictions. Give the new CEO a chance to perform in a field where he has a lot of experience.

Relisting would required a NOMAD being appointed and no NOMAD is ever going to touch this pile of junk.

They would also have to comply with the New Corporate Governance Code as outlined at https://www.fladgate.com/2018/05/aim-companies-must-comply-with-a-recognised-corporate-governance-code-by-september-2018/

Therefore forget about the prospect of any relisting and accept its over and get a life.

This is a copy of the report that I placed on the Old REDS thread on Monday - It makes sense to have it here.

4 Members of the BoD were present (and about 6 Shareholders)

FrankBeechinor, Spencer Dredge, Guy Van Zwanenberg and Diana Dyer Bartlett.

All the resolutions were passed

In response to a question it was confirmed that the company would not have to pay any tax on the disposals.

FB confirmed that with taking over as CEO that he had stepped back from his commitments with 3 other companies and also reduced his small involvement with Dot Digital.

Following the disposals SMRT has 3 offices in Bristol, Luton and Mildenhall and the premises are relatively inexpensive to run. They have a robust team of 67 staff many of which have the ability to work from home.

They are looking at about 3 acquisitions in the next year and FB sees the potential to rebuild shareholder value quickly.

This will be achieved by.
1. "Bulking up the businss to increase turnover"
2. "Filling functionality gaps with analytics and field management.
There was a third point to do with SaaS but I couldn't keep up with my note taking.

FB's commitment to his role as CEO is for at least 3 years and his aim is to turn SMRT into a company with a Market Cap of £200m - £400m.

He told a story of how in the dark day of COMS when the SP had dropped to 0.4p how it could have been easier to give up but he heard an account of a woman who had invested her life savings of £68k in COMS when the SP was 8p and that this was a big motivating factor in doing all that could be done to turn around the company's fortunes.

It certainly came across to me that they intend to reduce needless costs and thereby create a lean and effective operation.

TVR

We certainly can be thankful that they carried on and pulled us back from the brink.

FB comes across as a really genuine person who "Wears his heart on his sleeve" and does feel shareholders' pain. He is also an articulate communicator. We now need him to identify and close deals on the right acquisitions and IF he can do that and come anywhere near to his hoped for M/Cap then our patience will be rewarded.