We would love to hear your thoughts about our site and services, please take our survey here.
And here we go :)
New football show just announced on Twitter by Football JOE
https://twitter.com/footballjoe/status/1326997631046987776?s=21
Joe Cole and Alan Shearer! Start of things to come from Football JOE
Make that 0.92bn :)
The question is now, who has acquired their 18.4%? Pretty sure we will soon find out and I Have a feeling it’s gonna be some long awaited good news!
Nothings holding this back now apart from stupid day traders that cant see pass a 20% increase. They are soon to be caught out!
GLA
Who knows, other than the last TR-1 (6.55bn)
Their previous selling has always been of a large amount (100m). But who knows what they are doing now. Lately there has been a lot of 10, 20,25m selling, could that be them? Nobody knows.
My opinion is that a background deal is being done with Greencastle to acquire their holding along with the BOD. That would be the best outcome for Iconic Labs moving forward.
Well.... No one was expecting that much movement in the market today. But it’s good to see that ICON has held pretty well in comparison to a lot of big losses elsewhere.
Says to me that the election has nothing to do with a media company, nor does a COVID vaccine.
The only thing holding ICON back was the EHGO Fund and further dilution. This will be put to bed once the repayment plan has been confirmed. Then the delayed fireworks night can commence :)
lemonsqueezy1 - I’d like to know who you are suggesting has given up? And also, if your investment is that bad, why don’t you sell it?
My opinion is that we now have a very good baseline. Which is around 15% up from last week (On no news may I add). Those that are holding now are confident of the good news to come and when it does the Hurd will arrive and this a lot higher.
We opened higher today, which has not happened for a while. Those that are trying to trade this share will soon get caught out when it opens a hell of a lot higher on receipt of good news.
GL to all the LTHs, patience will pay and I’m sure it’s not to far away :).
Some very big buys and sells showing up today. The one after hours is exactly the same as the one at 1202hrs so very confusing.
I am still convinced that EHGO is selling, just not in as high volume as previously. There have been so many sells at 10, 15, 25m throughout the day this past week or two. Looks very familiar. I’m still expecting a TR-1 (taking longer to come due to the low volume).
Very much looking forward to the next RNS which has got to be due soon. Although the increase we’ve been seeing without one is more than welcome to continue.
The unable to continue quote was at the start of the year when the massive over hang of EHGO was overhead. Since then they have landed multiple contracts with one creating atleast 1.2m per year revenue.
Pretty sure when the results are released there will not a mention what so ever of a concern moving forward.
Can the de-rampers please continue. Since wolves started with the 0.01 the other day, there has been bigger and bigger buys going thru (20 20,50k) and the price has been rising ever since. Many thanks
Also FYI - the chance of further dilution probably lies at 1% due to it having to be approved by shareholders.
I’m not sure about the whole Amazon / Alexa deal. But i did get a notification that iconic labs Twitter page and also Liam Harrington (Founder) did start following Infotagion on Twitter. So something may have happened with Infotagion :)
Yea I wouldn’t take that tweet to seriously at all. Albeit though, we are STILL waiting information on the JOE media contract trade signed in August.
“ The Company continues to work under the management services agreement with JOE Media, and is currently fulfilling a contract to manage the production and distribution of bespoke social content through JOE Media in the UK”.
To manage the production and distribution. This has been in production for over 2 months now. But still no signs on anything new published on JOE media. Very intrigued to what this might be?
Haha I feel sorry for you. Creating new accounts and going around De-ramping multiple companies that your not invested in. Great life your living! Try doing some research and back/invest in a company that you see has potential. If you done some here, you’d know that ICON are very soon if not already profitable.
Seeing as this is your second post here, I don’t think you know to much about the company as a whole.
No one knows for sure what the outstanding debt is or how much has been repaid apart from the directors, other than the £620k that was repaid in the last 2 issues of equity. But I’m sure we will find out very soon the remaining.
As for the re-rate waffle you mention. If you’d been here for more than 1 week you might know a few things. The SP went to 0.032 on the news that EHGO was no longer part of icon, regardless of the debt. That for a start is 250% ish increase on today’s SP.
Once the EHGO debt has been settled and then also notification of being operationally profitable. There is no question that This has to re-rate. A company that turns it’s books around and is now or soon to be receiving a revenue where before they were not. The company’s valuation will require re-evaluating thus the re-rate.
Tiny-Tim - I would love to know your thoughts? Having posted 9 times, over 5 different company’s. Always providing such informative posts (Sarxasm)
spaghettihoops - Good point. But I honestly think there was so much uncertainty they didn’t believe themselves they’d come through it. As for buying now, the JOE media contract that was announced in August hasn’t been revealed. So it would definitely be classed as insider trading if they purchased now.
I’m pretty sure it was never mentioned that an update will be given by the 31st October. They did however state “The Company will provide further updates in due course” and also “ The Company remains on course to meet its aim of completing the restructure of its financing in the fourth quarter of 2020 and will continue to provide updates”.
The next updates are going to be huge for ICON. The fact they’re taking their time to put them together makes me even more confident they will be.
Are they gonna put it all in one RNS? who knows. Financial results for start of year, restructuring of finances, paying off the EHGO fund debt, operational profitable... A lot of updates due! Not forgetting the ongoing contracts with JOE media that have not been announced. With more lockdowns imminent, online media is going to thrive. We will also see https://infotagion.com/ getting a lot more notice.
As for director buys, I don’t think much of it. There are a lot of pros and cons both ways. The uncertainty of whether Iconic Labs would survive at the start of the year was a big concern for the BOD. So why would they invest? But the turnaround has happened very quickly since then. With contract after contract being announced in quick succession. Especially with JOE media. If the BOD were to invest it would very much look like insider trading, so in my opinion they are saving themselves the hassle by not.
Sit tight holding and look forward to the re-rate incoming.
I think we’ll get news before the election. Yes it brings uncertainty to big FTSE100 company’s. But I don’t think it would cause that much uncertainty here. More so that ICON are a small tech company, I don’t think who runs America would make any difference here.
My opinion is that there are very few,if any negatives with icon. And although it’s hard to sit and hold, patience will pay off here.
The ongoing situation with the EHGO fund, that was a last resort due to the inherited debt, is more of less done. All shares have been issued to them and there fore we won’t get any more dilution. All that’s left is the outstanding debt, which nobody really knows the amount of, but I can’t see it being to much at all.
The future notifications are going to send this flying and I’m pretty sure they will be landing very soon. So many people de-ramp and slate this company, but do you really think a company earning £1.2m (+ Profits) from just ONE contract will go bust? Pretty sure their expenditure to run a few computers and tech geeks does not equate to anywhere near that now.
We are due a number of announcements here and being operational profitable is the one I’m mainly looking forward to. The interim results/update will more than likely state this in the ongoing/ outlook section.
I’m not saying I’ve got a holding like Mags, but I’ve topped up again today and taking full advantage of this baseline price.
GLA
JAdam - I thought with your vast experience in investing you’d know a TR-1 notification tends to not be released for a few days after the holding was achieved. So yes My statement is a presumption, but a very good one. Hence why I , like many others, was able to work out when the selling was done previously.
I am certainly not trying to de-ramp what so ever, have a read of my previous posts if you’d like. I have not sold a penny and do not intend any time soon.