Member Info for Bagzzz718

Yep. I follow all very closely. I have some aslr but sold out of BOOM at 2130p….a good sell! Might top up in aslr or Boom…but at the mo the markets are just carnage! I don’t see it changing any time soon. My calculations say we should hit 57p this year….but that is based on the evidence from the last two years….but it isn’t the last few year now! The first days trading after the suspension is lifted will be fascinating!!

….aslr has generally been a pretty good indicator of the Dev share price over the last few years! Hate to think what the Dev SP would be if not suspended! I’m sure many will disagree but….ouch!

FFS!!

Nothing will be out before the EOY results. We’ll be lucky to get any post period snippets, with the prospectus still being sorted. We know results are in line with management expectations, so £7.5mil…,I don’t expect we’ll learn anything new next week.

It’s on the prospectus….but as it stands, I believe we’d be 13-17p in the current market!

Coming up to 20 weeks now…where is the head slap emoji!?

Cheers Barnard. We might be wrong but I say it as I see it. I’m sure when the prospectus arrives, the RNS will include plaudits and thank yous to shareholders for their ongoing support…..a comment on their patience would be a bonus, but not one I anticipate seeing. I still think something is brewing here……a consolidation of shares has been going through my mind but so have many other things…..not really sure what, but no news leads to speculation. 36% down from all time highs, which was 9 months ago and since then a gradual slide and a delist. We’re nearing the half way point in the financial year and know very very little…..but that’s the way it is. I wish everyone here the very best with Dev….it has such potential as VR is growing fast. Hope everyone is enjoying a relaxing Sunday as I type from the sun lounger in the garden!

Thanks. Useful info, although they haven’t gone on strike yet, so it’s not an excuse to be used just yet, but maybe when there is still no prospectus in October!

Good find. Thanks

To be honest I don’t see anything other than some strong selling when this relists, unless news is off the scale. My expectations are a sell off and the a move upwards, but again it is news dependant. Logic suggests that the longer without news, the more news that should be available…..but when it comes to share dealing, 1) I’ve come to expect the unexpected 2) I’ve come to realise that what the masses expect rarely happens 3) That research notes are rarely realised!
Having said that, all calculations I do based on ‘projected revenues,’ even if discounted by 50%, are very profitable for me. Still holding because of this but becoming weary!!

…..on and still nothing. Thought we might get news soon after Easter but alas it doesn’t look like it. Missing some decent opportunities out there with cash tied up…..just hoping that when news comes it comes thick and fast, moving the sp forward. How much longer to wait, is anyone’s guess? Siiigh!

Cheers for the reply.

My figures , I realise are based on an article which valued them at $3.2 bil….last year….but with $505 mil in bookings for the the fiscal year end of June 22, although that figure may not accurately reflect the figure of in year revenues. Hence the calculation of 6 x revs, not on what has been raised. My error, I stand corrected.

By your figures, it works out at 24x revs which is exactly where DEV been for best part of a year…..without an upward trajectory over that period.

I don’t think there is much i’ve not read about Dev, and as I said in a previous post the signs / snippets I read are promising….but we don’t really know anything or have anything concrete to work with, although you have explained why, which I get.

I saw the HoC news and the subsequent bill that was passed with regard to all secondary schools in the UK, and discussed it with a senior member of our academy trust, who didn’t know about it. Very promising for Dev indeed…but it’s promise and speculation. I’d like to know where we are, as most shareholders do….but DEV does have form with a previous persistently delayed prospectus etc……..I’ve done very well out of Dev first buying at 2p in Feb 2010 and averaging 7.1p with a top price of 33p paid…..so I’m happy to wait and see. Cautiously optimistic as always…..especially when £1 plus was banded around widely last year, only to end delisted at 30p.

It’s good to share a view and read another’s. Fingers crossed we get some news soon, that starts a positive shift up….I’m just genuinely over the moon that the RNS on the 24th didn’t say “The prospectus is at an early stage of development,” for obvious reasons! gl all :-)

Eriditus revenues recently hit $550 million and was valued at $3.2bil….meaning value was 6 x revenues. For 2021 that would give Dev a value of £45mil or 7.5p a share. We’ve been valued around 24x revs for a long while. Some Edtech companies can be valued up to 55x revs. So between 6 x and 55 x revs is the range….some range, hence why many stay invested and the fact it’s not very easy to sell at the moment. Long term this has huge potential….but without a meaningful update of any sort in well over 4 months, it’s anyone’s guess how the short term is going. We hope positive…..but alas we know nothing. Holding long and strong, whilst cautiously optimistic.

I fear we have a way to go yet….but what I fear more is the direction this will go in when it relists after so long…….people will want out. I fear people wanting out isn’t going to be great for the SP. Feels like ur damned if you do and damned if you don’t. We need some good numbers and lots of news, which is possible.
Having said that….it’s a new day….the sun is peaking through, it’s the holidays and I can hear the kids laughing. Being thankful for small mercies. Happy Tuesday.

I’ve read that too about reverse take overs snd original shareholders!

Dev have been great at sharing info with shareholder before delisting but we’re nearing 15 weeks of radio silence. Certainly frustrating and starting to really dislike the term Soonicorn!

Still believe in the story. I did my personality test on LMC and went through the options….ended up with the career that I’m doing! Can’t be any good as I want out…..chuckling! Still I’ve been successful, so it proves to me that the LMC programme works!

Come on Dev….timelines please!? Something!? Anything!?

Check back through the RNSs……the prospectus was delayed at least 3 times last year and this one has no deadline!!! I’m not concerned about the prospectus…..but very disappointed about the lack of fundamental news. Effectively the SP had made no progress in the last year!! I just have a hunch something is brewing……..the longer we wait, in my view the bigger the cup of tea! Holding, waiting, and hoping……but disappointed, none the less!

….and lots of grumbles! I’m more disappointed that we’ve had ZERO updates, than not had the prospectus published yet! Having been in since Feb 2020, we have been promised a prospectus before and it was delayed time and again, so with the same people in post, I don’t see this prospectus being any different. The silence is deafening though. This coupled with a 6 month and 12 month chart which is at best underwhelming, just increases the disappointment. Think I’ve gone through the frustrated stage……but still hold in hope. I’ve read lots on the net and things seems positive, but a lack of updates from Dev is again disappointing. Still believing in the story……but for me this soonicorn isnt quite unfolding as expected, when in 14 years of investing I’ve learned that it never does! Let’s see where we are in 6 months…..and see if we’re still without a prospectus….it really wudbt surprise me if we weren’t. We will be an due end of year financial update, but will they release it if delisted!?!? Not sure! To be honest for me the end of year numbers won’t be of much interest as we know the ball park figures, it’s the little snippets of information they often add, ‘post period’ which will be the most informative. Disappointed but hopeful….time to stop perusing the charts! GL all.

Well there is something going on in my view…..never known it so quiet on the Dev front! We’re nearly 5 months into the new financial year and no news really in the last three months! Something is brewing….what, is anyone’s guess, but something is brewing!

It’s a good job that the prospectus wasn’t at an early stage of development, hey!? There are loads of warrants available, but can’t remember the timeframes. It’ll be interesting to see how the next few months play out. Signs from the Indian / Global Edtech sector is that it’s going from strength to strength, and it seems recruitment in India for Launchmycareer, has been swift and is growing fast! All we need need is numbers for revenue and to see if they are on track. Cautiously optimistic, as always.

Under promise snd over deliver….if you do the opposite, you’re screwed!

Cautiously optimistic!

As I said before, we’ve never gone so long without an update of sorts. I’m not expecting any update on the prospectus any time soon. The last time we needed a prospectus it was delayed time and again! Only consolation is that if listed, the sp would be on its knees….less than 20p in my view. We’re over a third through the financial year though, so one would hope for an update soon, even if it’s not a finalised and published prospectus. The silence is a little concerning though, as they were very quick to shout about a significant uplift in revenue in early 2021. We can but keep our fingers crossed and believe in the story snd a fast growing sector. Just my thoughts.

….the one year chart is starting to look like an ECG monitor for someone who has just carked it! Anyone got a defibrillator!? Long and strong! Cudnt resist giving an opinion of “hold!”

Hope everyone is well and that Dev does us proud before Putin does his worst!